Day: 11 September 2024

PCAF welcomes 500th signatory as demand for GHG accounting drives initiative’s continued growth

Stuart Mitchell

The Partnership for Carbon Accounting Financials (PCAF) celebrates the achievement of a major milestone as it reaches 500 signatories, reflecting the international financial sector’s growing momentum towards decarbonization. The industry-led initiative experienced rapid growth following its global launch in September 2019. At that time, PCAF consisted of 55 signatories, largely made up of PCAF’s original founders and value-based banks. Responding to industry demand for a standardized GHG accounting and reporting approach, PCAF developed and published the Global GHG Accounting and Reporting Standard for the Financial Industry (“the Standard”) in 2020.…

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SBTi releases technical publications in an early step in the Corporate Net-Zero Standard review

Stuart Mitchell

The Science Based Targets initiative (SBTi) is publishing four technical outputs as an early step in the process for the revision of the SBTi Corporate Net-Zero Standard. The SBTi announced the timeline and published the Terms of Reference for the review of the Corporate Net-Zero Standard in May 2024, ensuring that the Standard continues to align with the latest scientific thinking and best practice, and addresses challenges related to scope 3 target setting. Scope 3 emissions make up 75% of the average company’s footprint – and are the major challenge…

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Ofgem lays the groundwork for consumer friendly flexible energy use

Stuart Mitchell

The quest for cleaner cheaper power has accelerated this week as Great Britain builds a pathway to a more flexible energy future.    Ofgem has:  confirmed Elexon as market facilitator for local energy flexibility. Its mission is to spearhead and enable greater flexible energy use across GB’s local electricity distribution networks. It will act as a single, expert entity that will work closely with Ofgem, the ESO (Electricity System Operator), ENA (Energy Networks Association), local networks, and Flexibility Service Providers (FSPs) to drive alignment between local and national flexibility markets and…

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Amey launches Planet+ to drive sustainable work practices

Stuart Mitchell

Amey has developed and launched a new six-point framework for employees to help simplify and elevate great sustainability behaviours and practices. The Planet+ initiative delivers on a key commitment outlined in the organisation’s ambitious ESG strategy launched last year, to activate, educate, and empower employees. It builds on research such as the UK Government’s Behavioural Insights Team report on ‘How to build a Net Zero society’, showing that 9 in 10 people want to make more sustainable choices, but many of the necessary behaviours can be inconvenient or not the…

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Utilita become Official Energy and Sustainability Partner for AFC Bournemouth

Stuart Mitchell

AFC Bournemouth is to become one of the greenest sporting outfits in the UK thanks to a groundbreaking new deal. The club is delighted to announce an impactful three-year agreement with Utilita, its official Energy and Sustainability Partner going forward. Utilita has already started to deliver the installation of over 600 solar panels at the Cherries’ brand new Canford training complex. The array will spread across the main roof and pitch maintenance building and as a result, the club will slash its annual CO2 emissions by 30,000 kilograms – in…

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