Tag: Net Zero

Magna Commits to Achieve Net-Zero by 2050

Stuart Mitchell

Magna is taking a significant step forward in its commitment to sustainability and environmental stewardship by submitting net-zero emissions targets for validation by the Science Based Targets initiative (SBTi), the widely-accepted benchmark for decarbonization targets in line with the Paris Climate Agreement. The company’s goal is to achieve net-zero emissions status by 2050, and meet its near-term Scope 1, 2 and 3 targets by 2030. Magna targets 100% renewable electricity use in Europe by 2025, globally by 2030 “Magna has focused on creating a better world of mobility, and the…

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ENGIE Impact Publishes 2024 Net Zero Report

Stuart Mitchell

ENGIE Impact has announced the release of its 2024 Net Zero Report. The report identifies common roadblocks to decarbonization and explores some troubling findings, including the tendency for many organizations to approach decarbonization as a limited, narrow initiative instead of the transformational, whole-business approach it needs to be. This fourth installment of the annual report, based on surveys of more than 500 senior decision-makers from large global organizations, provides a year-over-year analysis of the progress companies are making in their decarbonization efforts — identifying trends that are both encouraging and…

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100 start-ups from every continent apply to work with essential global industry on achieving net zero

Stuart Mitchell

Nearly 100 tech start-ups from across the globe have applied for a pioneering international programme, which offers the chance to work with leading cement and concrete manufacturers, on decarbonising the world’s most used man-made materials. The Innovandi Open Challenge is run by the Global Cement and Concrete Association (GCCA), an international body, which is working with leading manufacturers on the industry’s net zero mission. The development of new technologies is a key part of the industry’s net zero roadmap. Carbon capture, use and storage technology — the focus of this…

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M&S innovating its way to Net Zero through new Plan A partnership funding

Stuart Mitchell

Marks & Spencer has announced a string of new investments in collaborative, pioneering projects, funded through its Plan A Accelerator Fund, to help achieve its Net Zero by 2040 goals. The UK’s most trusted brand, famous for new and exciting products, is now turning its market-leading approach to innovation to tackle climate change. Introduced as part of its ambition to be the most trusted retailer, M&S’s industry-leading, fully integrated sustainability plan ‘Plan A’ was an innovation in itself when it launched back in 2007, well before most mainstream businesses were…

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£400k for National Grid innovation projects as part of Ofgem fund to help shape Britain’s net zero transition

Stuart Mitchell

Research into state-of-the-art monitoring systems for offshore cables and an initiative to support the decarbonisation of rural areas are among the National Grid-led innovation projects to be funded through the latest stage of Ofgem’s Strategic Innovation Fund (SIF). Three projects across National Grid’s electricity transmission and distribution networks have secured almost £400,000 to fund feasibility studies as part of the SIF’s discovery phase, which backs the most promising innovations that could accelerate the net zero transition. National Grid Electricity Transmission (ET) has been awarded £135,000 for one project – HIRE –…

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