Tag: Net Zero

S&P Global Announces Ambitious Climate Actions on Its Way to Achieving Net Zero by 2040

Stuart Mitchell

S&P Global has announced ambitious targets to reduce its greenhouse gas (GHG) emissions with the goal of countering the adverse effects of climate change, supporting a net-zero economy and publicly reinforcing its commitment to sustainable corporate citizenship. The Company committed to a 25% reduction in emissions by 2025 using 2019 as a base year. These targets were recently validated by the Science Based Targets initiative (SBTi), a partnership between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) that drives…

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Smart Pension partners with Make My Money Matter to commit to Net Zero and take action against climate change

Stuart Mitchell

Prominent UK master trust, Smart Pension, has signed up to Make My Money Matter and pledges to develop its investment approach and commit to Net Zero emissions well ahead of the 2050 deadline outlined by other schemes. Working alongside Richard Curtis’ backed Make My Money Matter, Smart Pension will take action now to make the required changes as it further pledges to halve its scheme emissions significantly earlier than the 2030 deadline to align with the Paris Climate Agreement. The workplace pension provider sets a comprehensive industry example ahead of…

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Coca-Cola European Partners sets ambition to reach Net Zero emissions across entire value chain by 2040

Stuart Mitchell

Coca-Cola European Partners (CCEP) is set to accelerate the decarbonisation of its business by reducing absolute greenhouse gas (GHG) emissions across its entire value chain – including scope 1, 2 and 3 emissions – by 30% by 2030 (vs 2019)** and setting a path to become a Net Zero business by 2040, in alignment with a 1.5˚C pathway and the Paris Climate Agreement.    CCEP will reduce GHG emissions across all five areas of its value chain – ingredients, packaging, operations, transportation and refrigeration. Crucially, there is a significant focus on reducing scope 3 emissions via a commitment to support strategic suppliers to set their own science-based carbon reduction targets and use 100% renewable electricity. CCEP’s immediate action plan is supported by a three-year €250m investment which will provide targeted financial support…

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National Grid Joins Low-Carbon Resources Initiative Aimed at Enabling Affordable Net Zero Path

Stuart Mitchell

National Grid has joined the Low-Carbon Resources Initiative (LCRI), a five-year initiative to develop and demonstrate key clean energy technologies and decarbonization solutions. These include clean hydrogen, bioenergy, and renewable natural gas, all potential pathways to a decarbonized future.  “The Low-Carbon Resources Initiative directly aligns with National Grid’s ambition to reach net zero by 2050,” said Badar Khan, President of National Grid, US. “If we are going to reach net zero, we need to pick up speed on developing and adopting zero carbon energy technologies. We are particularly excited about…

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Canary Wharf Group Commits to the Climate Pledge and Sets Out Pathway to Deliver Net Zero by 2030

Stuart Mitchell

Canary Wharf Group has joined The Climate Pledge, a commitment founded by Amazon and Global Optimism to reach net zero by 2040 at the latest – a decade ahead of the Paris Agreement’s goal of 2050. Signatories to The Climate Pledge agree to: measure and report greenhouse gas emissions on a regular basis; implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies; and neutralise any remaining emissions with additional, quantifiable, real,…

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