Science Based Targets initiative launches net-zero finance standard development process with Foundations paper

The Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with climate science, is publishing a Net-Zero Foundations for Financial Institutions paper that provides new concepts for defining and setting net-zero targets for banks, asset owners, asset managers and other financial institutions. Financial institutions with US$130 trillion in assets under management are now committed to reaching net-zero emissions before 2050. However, a science-based approach is needed for them to set consistent net-zero targets with emissions reductions in line with the Paris Agreement…

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TotalEnergies and ENEOS join forces to Develop B2B Solar Distributed Generation across Asia

TotalEnergies and ENEOS signed a joint venture agreement to develop onsite B2B solar distributed generation across Asia[1]. The 50/50 Joint Venture between two major players in the field plans to develop 2 GW of decentralized solar capacity over the next five years. This partnership will capitalize on the strengths of both companies. TotalEnergies will leverage its expertise on this market segment and its global footprint and ENEOS will use its expertise in renewables and its strong brand mainly in Japan to lower the costs of decentralized solutions offered to industrial…

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New offshore wind research to help reach Net Zero energy goals

The Carbon Trust’s Offshore Wind Accelerator (OWA), a collaboration between nine offshore wind developers, is launching 16 new research and development (R&D) projects this year. These span five key areas of logistics and operations and maintenance, cables, electrical systems, foundations, yield and performance.  As a range of countries plan to accelerate their Net Zero or low carbon energy transitions, offshore wind will play a key role. This month the UK Government released its new Energy Security Strategy which aims to boost low carbon energy generation from 60% of electricity production…

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Companies revise marketing budgets up to strongest levels since 2014 amid waning pandemic impact

Total UK marketing budgets were revised up to an almost eight-year high during the opening quarter of 2022, according to the latest IPA Bellwether Report, with UK companies stepping up efforts to position their businesses for growth as pandemic-related risks recede. According to Bellwether data, total marketing budgets were upwardly revised by nearly one-quarter of panellists (24.1%). By contrast, 10.0% of companies recorded budget cuts, yielding a net balance of +14.1% in Q1 2022 (vs. +6.1% in Q4 2021). This was the highest since Q2 2014 and marked a fourth…

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PoliMonitor announced as PRCA exclusive Public Affairs Partners

The Public Relations and Communications Association (PRCA) has announced global political monitoring platform PoliMonitor as its Public Affairs Partner. PoliMonitor will be the headline sponsor for a series of face-to-face member-exclusive events and industry awards in 2022, including the PRCA Public Affairs Conference and prestigious UK Public Affairs Awards. As a world leader in political monitoring and analysis, PoliMonitor uses automation and AI to deliver public affairs professionals the most comprehensive, personalised, and real-time analysis of the latest political developments. PoliMonitor was co-founded in 2017 by Sam Cunningham, former Head…

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