Tag: net-zero emissions

Mode commits to net-zero emissions from crypto-related operations before 2030

Stuart Mitchell

Mode Global Holdings PLC, the LSE-listed Fintech Group, is pleased to announce that it is launching a range of initiatives to tackle its carbon footprint with an ambition to be a sector leader in its environmental responsibility. The Company has firstly become a signatory of the CCA. This commits Mode to achieve net-zero emissions from all energy consumption related to cryptocurrency, and prove this decarbonisation by 2030. Mode is already working on plans to achieve carbon neutrality significantly ahead of this date. The CCA is a private-sector led initiative inspired…

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Concrete’s path to net-zero emissions in focus as the World Economic Forum and the Global Cement and Concrete Association join forces to deliver concrete actions for climate

Stuart Mitchell

The Global Cement and Concrete Association (GCCA) and World Economic Forum have launched ‘Concrete Action for Climate’ (CAC), a collaborative platform that will help drive the industry’s journey to carbon neutral concrete by 2050 as part of the Mission Possible Partnership. The concrete and cement industry, which has cut emissions proportionally by 20% since 1990, is now assembling wider support to achieve its ambitious 2050 carbon neutral target. The Concrete Action for Climate initiative, which already represents 40% of the global concrete and cement industry through the GCCA, will bring…

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PepsiCo Doubles Down on Climate Goal and Pledges Net-Zero Emissions by 2040

Stuart Mitchell

PepsiCo, Inc. have announced plans to more than double its science-based climate goal, targeting a reduction of absolute greenhouse gas (GHG) emissions  across its value chain by more than 40% by 2030. In addition, the company has pledged to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement. Specifically, PepsiCo plans to reduce absolute GHG emissions across its direct operations (Scope 1 and 2) by 75% and its indirect value chain (Scope 3) by 40% by 2030 (2015 baseline). This action is expected to…

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Climate Action 100+ progress report records accelerated company commitments to net-zero emissions but gaps remain

Stuart Mitchell

Almost half the focus companies of Climate Action 100+ – the world’s largest ever investor engagement initiative on climate change – have now established commitments to reach net-zero emissions by 2050 or sooner, its latest progress report reveals.   The Climate Action 100+ 2020 Progress Report also outlines the significant growth and evolution of Climate Action 100+. There are now 545 investor signatories, responsible for over USD52 trillion in assets under management and engaging with 167 companies through the initiative. But despite the significant growth in signatories and net-zero commitments, the report details ongoing gaps in target coverage, with only a small proportion of…

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Equinor sets ambition to reach net-zero emissions by 2050

Stuart Mitchell

Equinor announces its ambition to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy. It sets a clear strategic direction and demonstrates Equinor’s continued commitment to long-term value creation in support of the Paris Agreement. “Equinor is committed to being a leader in the energy transition. It is a sound business strategy to ensure long-term competitiveness during a period of profound changes in the energy systems as society moves towards net zero. Over the coming months, we will update our strategy…

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