Triodos Bank sets target to reach net zero by 2035

Triodos Bank, a frontrunner in sustainable finance for more than 40 years – wants to be net-zero as early as possible, at the latest by 2035. Our ambition is that the greenhouse gas emissions of all Triodos Bank’s loans and funds’ investments will be greatly reduced, using a science-based targets approach. The remaining emissions will be balanced or ‘inset’ by investing considerably in nature projects that remove greenhouse gases from the air. With this target, Triodos Bank’s portfolio of loans and funds’ investments will be aligned with a maximum global…

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Energy networks launch 40 new innovation projects to help Great Britain accelerate the transition to net zero

Forty innovation projects were launched earlier this year marking a significant ramping up of energy network innovation to help accelerate the transition to net zero at the lowest cost to consumers. The projects will explore new ideas for gas and electricity networks, with the potential to benefit consumers and help transform the UK’s energy systems in line with net zero targets in the coming years. The projects are the first to be given the go-ahead under Ofgem’s new Strategic Innovation Fund (SIF) partnership with Innovate UK. They will receive up…

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Truist Announces Goal of Net Zero Greenhouse Gas Emissions by 2050

Truist Financial Corporation has announced plans to achieve net zero greenhouse gas (GHG) emissions by 2050, furthering the company’s aspiration to support the transition to a low-carbon economy. “Truist continues to take important and broad action on climate change. We are reducing our own carbon emissions, investing in renewables, energy efficiency, and sustainable projects, and we are partnering with our clients across all industry sectors to help drive innovation and support their transition plans,” said Truist CEO Bill Rogers. “These steps toward achieving net zero are a clear manifestation of our…

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New offshore wind research to help reach Net Zero energy goals

The Carbon Trust’s Offshore Wind Accelerator (OWA), a collaboration between nine offshore wind developers, is launching 16 new research and development (R&D) projects this year. These span five key areas of logistics and operations and maintenance, cables, electrical systems, foundations, yield and performance.  As a range of countries plan to accelerate their Net Zero or low carbon energy transitions, offshore wind will play a key role. This month the UK Government released its new Energy Security Strategy which aims to boost low carbon energy generation from 60% of electricity production…

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Unite Students launches pathway to Net Zero

Unite Students, the UK’s largest provider of student accommodation, has today released a new document outlining its pathway to net zero by 2030, including targets for carbon reduction now formally validated by the Science Based Targets Initiative (SBTi). Unite Students has set two key overarching targets for delivery as part of its Sustainability Strategy: net zero carbon operations by 2030 and net zero carbon development by 2030. The new pathway brings together areas of focus, further targets and planned investment covering both elements. The pathway outlines four key steps: Reduce…

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