Mars Pledges Fresh Climate Action to Achieve Net Zero Emissions Across Full Value Chain

Mars, Incorporated has announced its commitment to achieve net zero greenhouse gas (GHG) emissions across its full value chain by 2050, aligning with the most ambitious aim of the Paris Agreement to limit global temperature rises to 1.5 °C. This stepped-up commitment follows findings in the July Intergovernmental Panel on Climate Change (IPCC) report which reinforced the urgency of achieving net zero globally to prevent the worst impacts of global warming – a critical focus of next month’s COP26 Climate Conference in Glasgow. Mars is joining the Science Based Targets…

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JPMorgan Chase Targets More Than $2.5 Trillion over 10 Years to Advance Climate Action and Sustainable Development

JPMorgan Chase aims to finance and facilitate more than $2.5 trillion over 10 years – beginning this year through the end of 2030 – to advance long-term solutions that address climate change and contribute to sustainable development. The firm will bring together its capital and expertise to help clients, customers and communities address these vital issues. This long-term target complements the firm’s Paris-aligned financing strategy and will help accelerate the transition to a low-carbon economy by encouraging actions that set a path for achieving net-zero emissions by 2050. The firm…

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HSBC, IFC “Real Economy” Green Bond Fund Raises $538M at Final Close for Climate Action

HSBC Asset Management and IFC, a member of the World Bank Group, have announced the final closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), boosting access to climate finance and helping further develop the market for green bonds. REGIO, the first green bond fund focused on well-diversified climate-smart investments in “real economy” issuers in emerging market countries, closed with total investor commitments of $538 million following further investment from two European investors. REGIO uses both public and private capital to build climate change-mitigation capacity in…

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Mars Launches New Coalition to Mobilize Suppliers & Accelerate Climate Action

Mars, Incorporated, in partnership with sustainability consultancy Guidehouse, has announced the formation of a new coalition, the Supplier Leadership on Climate Transition (Supplier LoCT), to mobilize suppliers on climate action. The partnership aims to drive industry-wide movement by providing suppliers with the knowledge, resources and tools to develop their own climate plans to reduce their impact on the planet. In its first year, the program will focus on helping suppliers understand the foundations of greenhouse gas (GHG) reductions in their own businesses, including core knowledge of how to calculate their…

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2021 seen as a crucial year for climate action as optimism swells

People across the UK are looking to 2021 as a vital year for tackling the climate emergency and are planning a renewed surge of environmental action. New research from Triodos Bank can reveal that the majority of people in the UK (60%) believe that 2021 will be a pivotal year for building a greener future, especially as President-elect Joe Biden promises a renewed focus on leading the global response to the climate emergency – as the world builds back from Covid-19 and looks ahead to the postponed United Nations Climate…

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