Tag: net-zero

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

Stuart Mitchell

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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Shell updates investors on plans to become net-zero by 2050

Stuart Mitchell

Royal Dutch Shell plc (Shell) has updated investors on plans to become a net-zero emissions energy business by 2050 or sooner (covering scope one, two and three emissions). The detailed steps, were outlined at Shell’s Responsible Investment Annual Briefing, included: An ambition to be net zero on all the emissions from the manufacture of all our products (scope one and two) by 2050 at the latest; Accelerating Shell’s Net Carbon Footprint ambition to be in step with society’s aim to limit the average temperature rise to 1.5 degrees Celsius in…

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