Tag: Net Zero

Scottish Widows becomes first UK insurer to publish its roadmap to net zero

Stuart Mitchell

Scottish Widows launches its Climate Action Plan, becoming the first major pensions and insurance provider to clearly define its long-term strategy for achieving its decarbonisation targets and a net-zero portfolio by 2050. The company – which looks after nearly £190bn of savings for more than six million customers in the UK – sets out four key actions in its Plan, which will enable the halving of portfolio greenhouse gas emissions by 2030 and the delivery of net zero carbon emissions by 2050 whilst maximising their customers’ return on investment. These…

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Arcadis commits to achieving net zero across its global operations by 2035

Stuart Mitchell

Arcadis, the leading global design and consultancy organization for natural and built assets, has announced its commitment to achieve net zero greenhouse gas emissions (net zero) by 2035 within its global operations. The step is part of the ambition the company set out last year in its three-year strategy to build on Arcadis’ pioneering heritage and maximize its impact by reinforcing sustainability at the heart of client solutions, business operations, and the communities of today, tomorrow and the future. The net zero commitment will reduce scope 1, 2 and 3…

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Virgin Atlantic’s mission to net zero by 2050

Stuart Mitchell

Virgin Atlantic has announced ambitious carbon targets as the airline renews its mission to achieve net zero by 2050. Reinforcing its commitment to embed sustainability through innovation, transparency and accountability to do more for the protection of the planet. Carbon targets The airline’s new targets set a clear pathway to net zero by 2050, to achieve[1]: By 2026: 15% gross reduction in CO2/RTK achieved through continued fleet transformation and operational efficiency By 2030: 15% net reduction in total CO2 emissions, including 10% of fuel sourced from sustainable aviation fuel By…

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ICMM makes landmark climate commitment to net zero by 2050 or sooner

Stuart Mitchell

Members of the International Council on Mining and Metals (ICMM) have committed to a goal of net zero scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner, in line with the ambitions of the Paris Agreement. This landmark commitment was made in an open letter signed by the CEOs of ICMM’s company members.   Rohitesh Dhawan, CEO, ICMM, said:  “As the suppliers of the minerals and metals that are critical to decarbonisation and sustainable development, we have a particular responsibility to minimise the impact of our operations on the environment. ICMM members’ collective commitment…

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McDonald’s Accelerating Climate Action to Reach Net Zero Emissions by 2050

Stuart Mitchell

The McDonald’s Corporation is announcing its commitment to achieve net zero emissions across its global operations by 2050. As part of this initiative, the Company is joining the United Nations Race to Zero campaign and signing on to the Science Based Targets initiative’s (SBTi) Business Ambition for 1.5°C campaign. In pursuit of a 1.5°C future, McDonald’s will increase the emissions reduction levels in its existing 2030 science-based target across all scopes of emissions in line with developing SBTi best practices and will set a long-term reduction target to reach net zero emissions. Efforts underway since 2018 have already resulted in an 8.5% reduction in the…

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