Tag: Net Zero

Mercedes-AMG PETRONAS F1 Team accelerates towards Net Zero with investments into carbon removal & innovation

Stuart Mitchell

The Mercedes-AMG PETRONAS F1 Team is pleased to announce a new round of investment into innovative carbon removal initiatives as part of our ambition to become one of the world’s most sustainable sports teams. As a Formula One team racing on multiple continents, we have worked tirelessly to understand the environmental impact that we have and the role that we can play in driving change. We are reducing our race team’s emissions, targeting a 75% reduction by 2030 and setting SBTi-aligned targets for our entire supply chain to hit Net…

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Strengthening the IKEA climate agenda: moving towards Net Zero and Beyond

Stuart Mitchell

IKEA is introducing a strengthened climate agenda – Net Zero and Beyond – in line with the latest climate science. The Science Based Targets initiative (SBTi) has now verified the Inter IKEA Group net-zero science-based targets, which were set last year and cover the entire IKEA value chain. The Net Zero and Beyond climate agenda replaces the previous Climate Positive agenda.   The IKEA business is committed to contributing to limiting temperature rise to 1.5°C by drastically reducing greenhouse gas (GHG) emissions across the entire IKEA value chain. After thorough…

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Committee publishes report on net zero and the UK’s maritime sector

Stuart Mitchell

The Environmental Audit Committee has recently published its report on ‘Net zero and UK shipping’. Read the report Summary (HTML) Read the full Report (HTML) Read the full Report (PDF) Inquiry: Net zero aviation and shipping Environmental Audit Committee In March 2021, the Committee launched an inquiry into efforts to decarbonise civil aviation and shipping, two of the UK’s hardest to abate industries. This inquiry resulted in two separate reports, of which this is the second. The Committee’s report on net zero aviation is available here. In its report, the…

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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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