Tag: net-zero

Zurich aims for net-zero target in operations by 2030 instead of 2050

Stuart Mitchell

Zurich Insurance Group (Zurich) is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans announced last year to achieve deep cuts in absolute emissions this decade. After that, emissions that cannot be avoided will be removed from the atmosphere. Zurich has signed carbon removal agreements with several suppliers of nature-based solutions, where it can have the biggest impact on the development of the carbon removal industry. It has made advance payments that will…

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Power sector joins forces to deliver a fair and just net zero transition

Stuart Mitchell

A global group of companies working across the power sector will join together to create a new initiative to promote a fair and just transition to net zero. Led by Scottish-headquartered energy company and COP26 principal partner SSE plc, the 11 founding partners have worked together since COP26 to develop the Powering Net Zero Pact. The Pact sees the firms – which operate in over 100 countries, collectively employ around 240,000 people and have a combined turnover of more than £55bn – promise to uphold a series of social, environmental…

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Intel targets net-zero emissions by 2040

Stuart Mitchell

Intel Corporation has announced plans to further reduce its direct and indirect greenhouse gas emissions and develop more sustainable technology solutions. The company pledged to achieve net-zero greenhouse gas emissions in its global operations by 2040, to increase the energy efficiency and lower the carbon footprint of Intel products and platforms with specific goals, and to work with customers and industry partners to create solutions that lower the greenhouse gas footprint of the entire technology ecosystem. “The impact of climate change is an urgent global threat. Protecting our planet demands…

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New Ceres guidance aims to help investors cut through the confusion about corporate net-zero commitments and carbon credits

Stuart Mitchell

As net-zero commitments both grow in popularity as well as come under increasing scrutiny, Ceres has released critical guidance to help investors assess the integrity of corporate net-zero commitments and companies’ use of carbon credits to deliver on those commitments.  The global attention to the net-zero concept has mobilized companies to make commitments, with 34% of the world’s 2,000 largest publicly traded companies having made net zero commitments, according to February 2022 data from the Net Zero Tracker.  Despite this progress, current projections for global emissions reductions are not enough…

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Essity Commits to Net-zero Greenhouse Gas Emissions by 2050

Stuart Mitchell

Hygiene and health company Essity presents new and updated sustainability targets including a commitment to develop targets to reach net-zero greenhouse gas emissions by 2050 at the latest. This includes raising the ambition level of Essity’s current Science Based Targets. Other updated targets include sustainable innovations, occupational safety and responsible sourcing. The net-zero ambition means that Essity will join the U.N. Global Compact’s “Business Ambition for 1.5°C” to develop targets to reach net zero emissions by 2050 for the entire value chain, in line with Science Based Targets initiative (SBTi)…

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