Tag: Carbon Neutrality

Fifth Third Achieves Carbon Neutrality

Stuart Mitchell

Fifth Third has announced that it has achieved carbon neutrality for its operations in 2020, including greenhouse gas emissions from its facilities and business travel. This achievement was accomplished by directly reducing the Company’s corporate carbon footprint, purchasing renewable power and utilizing carbon offsets from a project in its retail footprint for remaining emissions. “Becoming the first regional U.S.-based commercial bank to achieve carbon neutrality demonstrates Fifth Third’s unequivocal commitment to environmental sustainability leadership in the financial services industry,” said Fifth Third Chairman and CEO Greg D. Carmichael. “Achieving and…

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Nespresso targets carbon neutrality by 2022

Stuart Mitchell

Nespresso commits that every cup of Nespresso coffee, both for at-home and for professional customers, will be carbon neutral by 2022. This new ambition builds on more than 10 years of work during which Nespresso has reduced its carbon emissions and compensated the remainder through agroforestry. “Climate change is a reality and our future depends on going further and faster on our sustainability commitments. That is why we are accelerating our commitments to offer our consumers a way to drink a carbon neutral cup of coffee by 2022. A coffee,…

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South Korea pledges carbon neutrality by 2050 – a new opportunity for Korean industries

Stuart Mitchell

President Moon Jae-In has announced that the Republic of Korea vows to reach carbon neutrality by 2050 during his budget speech at the National Assembly. According to the International Energy Agency, China, Japan and South Korea have relied on fossil fuels, as their primary energy supply, nearly 90% in 2018. However, with China’s announcement to reach carbon neutrality before 2060 in September, Japan recently vowed to also cut its carbon emissions to net zero by 2050. Now, Korea’s 2050 carbon net zero pledge is another indicator of the global shift…

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China commits to carbon neutrality by 2060

Stuart Mitchell

At the UN General Assembly President Xi Jinping has announced that China aims to hit peak emissions before 2030 and to achieve carbon neutrality by 2060.  President Xi’s commitment for China to become carbon neutral by 2060 and to peak its emissions before 2030 is a significant step forward in global efforts to address the climate crisis. As the world’s largest emitter, China’s pledge is a welcome boost to the ongoing process of countries elevating their climate ambitions in the run up to COP26 in November 2021. It both applies…

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JetBlue Is the First U.S. Airline to Commit to and Achieve Carbon Neutrality for All Domestic Flying

Stuart Mitchell

JetBlue has announced it has followed through on its commitment to go carbon neutral on all domestic flights. Earlier this year, JetBlue became the first major U.S. airline to commit to this critical and measurable step toward reducing its contribution to global warming, and is now the first U.S. airline to achieve carbon neutrality on all domestic flying. On July 1, the airline began offsetting its carbon dioxide emissions (CO2) from jet fuel for all domestic JetBlue-operated flights. JetBlue views carbon offsetting as a bridge to other industry-wide environmental improvements…

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