Tag: Net Zero

The Net Zero Asset Managers initiative grows to 87 investors managing $37 trillion

Stuart Mitchell

More of the world’s largest asset managers announced today that they are joining the Net Zero Asset Managers initiative, a clear sign that the global movement for a net-zero emissions economy is growing stronger and more determined. The 14 new signatories, which collectively manage nearly $5 trillion in assets and include the world’s third largest asset manager State Street Global Advisors, join 73 other signatories in committing to reach net zero greenhouse gas emissions by 2050 or sooner and to set interim targets for 2030. Launched in December 2020 with 30…

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Morrisons leads green farming revolution with pledge to have first net zero British farms by 2030

Stuart Mitchell

Morrisons has pledged to be the first supermarket to be completely supplied by ‘net zero’ carbon British farms by 2030, five years ahead of the market. Over the next nine years, Morrisons will work with its 3,000 farmers and growers to produce affordable net zero carbon meat, fruit and vegetables. Morrisons expects that the first products to reach net zero carbon status will be eggs as early as 2022, followed by lamb, fruit, vegetables, pork and beef in the years to follow. UK agriculture currently accounts for 10 per cent…

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Aviva becomes the first major insurer worldwide to target Net Zero carbon by 2040

Stuart Mitchell

Aviva has announced its plan to become a Net Zero carbon emissions company by 2040. This is the most demanding target of any major insurance company in the world today. The undertaking, which will inform every aspect of operations and investment decisions at Aviva, is part of its strategy to be the UK’s leading insurer, contributing to a sustainable economic recovery.  Aviva’s 2040 Net Zero plan means: Net Zero carbon emissions from its investments by 2040; A clear pathway to Net Zero: a cut of 25% in the carbon intensity…

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Morgan Sindall sets net zero by 2030 goal

Stuart Mitchell

Construction and regeneration group Morgan Sindall Group plc has announced plans to achieve net zero carbon emissions in under a decade. The Group, one of the largest UK contractors, said it would reduce Scope 1, 2 and operational Scope 3 emissions – those directly and indirectly related to its operations – by 30% by 2025 and by 60% by 2030, based on a 2019 baseline, with any remaining emissions being offset in the UK. “We believe that this target is ambitious yet achievable,” said Chief Executive John Morgan, as the…

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Bank of America Announces Actions to Achieve Net Zero Greenhouse Gas Emissions before 2050

Stuart Mitchell

Building on Bank of America’s longstanding support for the Paris Climate Agreement, the company has outlined initial steps to achieve its goal of net zero greenhouse gas (GHG) emissions in its financing activities, operations and supply chain before 2050. Bank of America continues to actively engage with its clients to help accelerate their own transitions to net zero, and it plans to establish interim science based emissions targets for high-emitting portfolios, including energy and power. In addition, Bank of America released its broader 2030 operational and supply chain goals as…

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