Tag: Net Zero

WSP Commits to Net Zero, Supported by Science-based Greenhouse Gas Emissions Reduction Targets

Stuart Mitchell

WSP Global Inc. is pleased to announce ambitious climate action through a commitment to achieve net zero emissions across its value chain by 2040. To support the achievement of its net zero commitment, the Corporation has set science-based greenhouse gas (GHG) emissions reduction targets, which have been approved by the Science Based Targets initiative (SBTi). “We are pleased to announce these commitments and join other organizations in leading the way on urgently tackling climate change,” stated Alexandre L’Heureux, WSP’s President and Chief Executive Officer. “Moreover, as the leading global environmental…

Read More

Sustainability is important to SMEs but 40% do not understand impact of net zero finds Lloyds Bank

Stuart Mitchell

Though the vast majority see sustainability as important, millions of the UK’s small businesses could be struggling to understand and meet the demands of achieving Net Zero goals, according to research by Lloyds Bank. The challenges of the last year have not dimmed the UK’s 6 million small businesses’ views of sustainability. Nine out of ten SMEs (91%) see sustainability as an important consideration, and almost half (45%) say that the COVID-19 pandemic has made them think more about its role in their business. Paul Gordon, Managing Director, SME &…

Read More

Centrica commits to be net zero by 2045

Stuart Mitchell

Recognising the urgent need to make net zero a reality, Centrica has announced that it will accelerate its commitment to be net zero by 2045, five years ahead of its previous target and the UK deadline. The company is also announcing a new commitment to helping its customers be net zero by 2050. The reduction in Centrica’s own emissions (scope 1 and 2) and those of its customers (scope 3) align with science-based targets and the actions required to limit warming to 1.5°C. With the heating of homes and businesses…

Read More

SSE announces £2bn boost for net zero

Stuart Mitchell

SSE plans to invest around £2bn largely in low carbon power projects this year and is weighing up further investments as the UK prepares to host COP26. The company has created more than 1,000 jobs during the pandemic and expects to build on this number in 2021-22. This investment is part of a £7.5bn investment plan to 2025 including building the world’s biggest offshore wind farm at Dogger Bank, Scotland’s largest at Seagreen and up to £2.8bn to be invested (by 2026) in connecting up huge swathes of new renewable…

Read More

Wells Fargo Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050

Stuart Mitchell

Wells Fargo has announced a major step in its efforts to support the transition to a low-carbon economy by setting a goal of net zero greenhouse gas emissions — including its financed emissions — by 2050. To help meet this ambitious goal, Wells Fargo will measure and disclose financed emissions for select carbon-intensive portfolios; set interim emission reduction targets; deploy more capital to finance climate innovation; and continue to work with its clients on their own emissions reductions efforts. The company will also launch an Institute for Sustainable Finance to…

Read More