New ClimateWise report calls for greater collaboration across insurance industry and with government to accelerate delivery of net zero

Global insurance industry group ClimateWise, convened by the University of Cambridge Institute for Sustainability Leadership, has released a white paper exploring the potential contribution of innovative insurance products in the transition to a net zero economy. The report draws on the expertise of more than 10 ClimateWise members including Aon, Allianz, Aviva, AXA XL, Lloyd’s, Zurich, and makes recommendations to support the insurance industry’s meaningful part in the decarbonisation of the global economy. In addition, ‘Climate product innovation within the insurance sector’ highlights the need for collaboration both within and…

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UK aviation industry strengthens commitment to achieving net zero and launches first interim decarbonisation targets

The UK’s leading airlines, airports, aerospace manufacturers and air service navigation providers have reaffirmed their joint commitment to a net-zero future for UK aviation, setting out a first set of interim decarbonisation targets that will act as milestones on the path to net-zero aviation by 2050. Industry is targeting at least an overall 15% reduction in net emissions relative to 2019 by 2030, and a 40% net reduction by 2040, with the pace of decarbonisation ramping up as game-changing sustainable aviation fuels (SAF), permanent carbon removal, and new low and…

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CDL Pledges Net Zero Operations By 2030

City Developments Limited (CDL) has become the first real estate developer in Singapore and the first real estate conglomerate in Southeast Asia to sign the WorldGBC’s Net Zero Carbon Buildings Commitment. Given the high environmental impact of the Built Environment, the Commitment challenges businesses to take leadership action to reach net zero carbon in operation for every building under their direct control by 2030, and advocates for all buildings to be net zero carbon in operation by 2050. By joining the Commitment, CDL is dedicated to achieving net zero carbon…

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WSP Commits to Net Zero, Supported by Science-based Greenhouse Gas Emissions Reduction Targets

WSP Global Inc. is pleased to announce ambitious climate action through a commitment to achieve net zero emissions across its value chain by 2040. To support the achievement of its net zero commitment, the Corporation has set science-based greenhouse gas (GHG) emissions reduction targets, which have been approved by the Science Based Targets initiative (SBTi). “We are pleased to announce these commitments and join other organizations in leading the way on urgently tackling climate change,” stated Alexandre L’Heureux, WSP’s President and Chief Executive Officer. “Moreover, as the leading global environmental…

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Sustainability is important to SMEs but 40% do not understand impact of net zero finds Lloyds Bank

Though the vast majority see sustainability as important, millions of the UK’s small businesses could be struggling to understand and meet the demands of achieving Net Zero goals, according to research by Lloyds Bank. The challenges of the last year have not dimmed the UK’s 6 million small businesses’ views of sustainability. Nine out of ten SMEs (91%) see sustainability as an important consideration, and almost half (45%) say that the COVID-19 pandemic has made them think more about its role in their business. Paul Gordon, Managing Director, SME &…

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