Aviva calls for pension funds to be “net-zero” by 2050

Aviva has set a new 2050 net-zero carbon emissions target for its own auto-enrolment default pension funds. This is aligned to the Paris Agreement and the Government’s own net-zero target. Aviva is committed to making progress towards the net-zero target as quickly as possible and is exploring the feasibility of a 2030 target, in-line with the Intergovernmental Panel on Climate Change (IPCC) 1.5-degree pathway4. As part of Aviva’s strategy to achieve this, it plans to invest over £5 billion into low carbon equities and climate transition strategies across its default…

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Green power deal supercharges Lotus’ net-zero ambitions

Lotus and British Gas Business have embarked on a new green electricity deal, which sees the UK’s largest energy supplier provide renewable power to the sports car maker’s headquarters and supporting facilities. The contract, which began on 1 October, is REGO-backed (Renewable Energy Guarantees of Origin), where the power is purchased from 100% renewable sources, ensuring the electricity used across Lotus’ UK sites is carbon neutral. As a flexible contract, Lotus can also develop its own renewable assets on sites to self-support its power needs and further its green credentials.…

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SAS commits to achieving net-zero carbon emissions by 2050 as it further prioritizes sustainability and social innovation

From sustainable workplace practices to connecting analytics and advocacy, analytics leader SAS has prioritized corporate citizenship and social innovation to help steer business decisions. As further evidence of its commitment to sustainability and support for the Paris Agreement and NC Clean Energy Plan, SAS is updating its climate strategy and environmental goals by committing to achieving net-zero carbon emissions by 2050. The company is joining the global movement of leading companies who are aligning their business with the ambitious aim to limit global temperature rise to 1.5 degrees Celsius and…

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Nest going net-zero to support green recovery

Nest, the largest pension scheme in the UK by membership with 9 million savers, has announced a new Climate Change policy to decarbonise its investment portfolio. The policy aims to align Nest with the Paris Agreement goals to keep global temperature rises within 1.5C above pre-industrial levels by 2050. It sets out a goal of being net-zero across its investments by 2050 or earlier, with the expectation that carbon emissions in its portfolio will halve by 2030. To help achieve this Nest is making a series of immediate commitments: move…

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Over 150 Global Corporations Urge World Leaders for Net-zero Recovery From COVID-19

155 companies — with a combined market capitalization of over US$ 2.4 trillion and representing over 5 million employees — have signed a statement urging Governments around the world to align their COVID-19 economic aid and recovery efforts with the latest climate science. As debates on recovery packages around the world ramp up in the coming weeks, the companies, which are all part of the Science Based Targets initiative, are calling for policies that will build resilience against future shocks by supporting efforts to hold global temperature rise to within 1.5°C above pre-industrial…

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