Tag: Net Zero

The Estée Lauder Companies Reaches Milestone Climate Goals – Net Zero, RE100 – and Sets New Science-Based Targets

Stuart Mitchell

The Estée Lauder Companies (ELC) has announced that it has achieved Net Zero emissions and sourced 100% renewable electricity globally for its direct operations, reaching the target it set on joining RE100. Building upon this achievement, the company has also met its goal to set science-based emissions reduction targets for its direct operations and value chain, positioning the company to take even more decisive action against climate change in the coming decade. “Today’s announcement signals a new level of ambition and dedication to climate action for The Estée Lauder Companies.…

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From solar farms to electric delivery fleets: Tesco takes action to hit net zero in UK by 2035

Stuart Mitchell

To help bring forward its ambition to become net zero in the UK by 2035, 15 years earlier than planned, Tesco is taking new action to help tackle the two biggest sources of emissions in the UK – electricity production and transport.  Tesco is launching a new partnership with renewable energy investor, Low Carbon, that will see the creation of three new solar farms in the UK. The solar farms in Essex, Anglesey and Oxfordshire will generate up to 130GWh of energy per year, enough to power 44,828 three-bedroom homes, and help Tesco procure more renewable energy with additionality for the grid. The work is part of the retailer’s commitment…

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BT Pension Scheme sets 2035 net zero goal for its entire £55bn portfolio

Stuart Mitchell

BT Pension Scheme, the UK’s largest company pension scheme, has today committed to an ambitious new goal to achieve net zero greenhouse gas emissions (absolute scope 1-3) by 2035 across its £55 billion portfolio. The goal has been set to limit the risk that climate change poses to the Scheme meeting its long-term commitments and will involve both reducing emissions from the Scheme’s portfolio and investing in assets that will support the transition towards a low carbon economy. BTPS sponsor, BT Group plc, has been a corporate leader on climate…

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PwC commits to net zero by 2030, globally

Stuart Mitchell

PwC is making a worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions by 2030. The commitment includes supporting our clients to reduce their emissions as well as reducing those from the PwC network’s operations and suppliers. PwC commits to decarbonise its operations, including its travel footprint, and neutralise its remaining climate impact by investing in carbon removal projects. It will also engage its suppliers to tackle their climate impact. The PwC network (“the network”) will work with its clients to support their efforts to make a net…

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bp sets out strategy for decade of delivery towards net zero ambition

Stuart Mitchell

bp has introduced a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers.  Within 10 years, bp aims to have increased its annual low carbon investment 10-fold to around $5 billion a year, building out an integrated portfolio of low carbon technologies, including renewables, bioenergy and early positions in hydrogen and CCUS. By 2030, bp aims to have developed around 50GW of net renewable generating capacity – a…

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