Shell accelerates drive for net-zero emissions with customer-first strategy

Shell has set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell also confirmed its expectation that total carbon emissions for the company peaked in 2018, and oil production peaked in 2019. “Our accelerated strategy will drive down carbon emissions and will deliver value for our shareholders, our customers and wider society,”…

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TSB sets out pathway to net-zero carbon and commits to science-based targets

TSB has unveiled its plans to hit net-zero carbon emissions by 2030, a key commitment in its responsible business strategy, the ‘Do What Matters Plan’ – launched in July last year. The bank will deliver a net-zero carbon pathway that meets international standards, can be independently validated, and only offsets carbon as the last resort. In 2019 TSB baselined its own carbon emissions and built a comprehensive understanding of the sources of those emissions. This informed the decision to buy all the bank’s electricity from renewable sources, but also allowed…

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Nest takes another step on net-zero journey

Nest, the workplace pension scheme representing a quarter of the UK workforce, will take another step in reducing its carbon footprint while increasing investment in emerging market equities. Emerging markets are set to continue outpacing growth in developed markets, driven by younger populations and a rising middle class.  Nest wants its members to benefit from this economic growth and by February 2021, the pension scheme plans to nearly double its investment in emerging markets, from around £480m as of September 2020 to an estimated £930m by February 2021 (from 3.6…

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Amazon Becomes World’s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040

Amazon has announced 26 new utility-scale wind and solar energy projects totaling 3.4 gigawatts (GW) of electricity production capacity, bringing its total investment in renewable energy in 2020 to 35 projects and more than 4 GW of capacity — the largest corporate investment in renewable energy in a single year. These new projects will make Amazon the largest-ever corporate purchaser of renewable energy. Amazon has now invested in 6.5 GW of wind and solar projects that will enable the company to supply its operations with more than 18 million megawatt…

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TD Commits to Ambitious Climate Action Plan and Targets Net-Zero Emissions by 2050

TD Bank Group has announced its commitment to a global climate action plan, which includes a target to achieve net-zero greenhouse gas (GHG) emissions associated with its operations and financing activities by 2050, aligned to the associated principles of the Paris Agreement. The Bank has also established dedicated teams to advise and support clients as they work to capture the opportunities of the low-carbon economy. The ambitious actions outlined today support the Bank’s Environmental, Social and Governance (ESG) strategy, which leverages TD’s business, people and financial resources to help deliver sustainable…

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