Virgin Atlantic’s mission to net zero by 2050

Virgin Atlantic has announced ambitious carbon targets as the airline renews its mission to achieve net zero by 2050. Reinforcing its commitment to embed sustainability through innovation, transparency and accountability to do more for the protection of the planet. Carbon targets The airline’s new targets set a clear pathway to net zero by 2050, to achieve[1]: By 2026: 15% gross reduction in CO2/RTK achieved through continued fleet transformation and operational efficiency By 2030: 15% net reduction in total CO2 emissions, including 10% of fuel sourced from sustainable aviation fuel By…

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Tesco commits to net zero emissions from its supply chain and products by 2050

Tesco has strengthened its ambition to tackle climate change by setting out a new commitment of net zero emissions across its value chain by 2050, including those generated by the products it sells and across its supply chains, in line with the UN’s aspiration of keeping global warming below 1.5C. The new commitment comes as the retailer also announces a new Group-wide net zero target of 2035 for its own operations, bringing it into line with its UK ambition. Often referred to as Scope 3 emissions, Tesco’s 2050 commitment will…

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Equinor sets ambition to reach net-zero emissions by 2050

Equinor announces its ambition to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy. It sets a clear strategic direction and demonstrates Equinor’s continued commitment to long-term value creation in support of the Paris Agreement. “Equinor is committed to being a leader in the energy transition. It is a sound business strategy to ensure long-term competitiveness during a period of profound changes in the energy systems as society moves towards net zero. Over the coming months, we will update our strategy…

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Total adopts a new Climate Ambition to Get to Net Zero by 2050

Total announces today its ambition to get to net-zero emissions by 2050 together with society for its global business across its production and energy products used by its customers.. Through a joint statement developed between Total S.A. and institutional investors – as participants in the global investor initiative Climate 100+1 – Total takes 3 major steps towards achieving this ambition:  Three major steps to get Total to Net Zero: Net Zero across Total’s worldwide operations by 2050 or sooner (scope 1+2) Net Zero across all its production and energy products…

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Shell updates investors on plans to become net-zero by 2050

Royal Dutch Shell plc (Shell) has updated investors on plans to become a net-zero emissions energy business by 2050 or sooner (covering scope one, two and three emissions). The detailed steps, were outlined at Shell’s Responsible Investment Annual Briefing, included: An ambition to be net zero on all the emissions from the manufacture of all our products (scope one and two) by 2050 at the latest; Accelerating Shell’s Net Carbon Footprint ambition to be in step with society’s aim to limit the average temperature rise to 1.5 degrees Celsius in…

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