Tag: South Pole

Facility for technical carbon removals being launched by major corporations

Stuart Mitchell

Five leading companies from across Asia, Europe, and North America announced their plan to join the NextGen CDR Facility (NextGen) as founding buyers to dramatically scale up carbon removal technologies and catalyze the market for high-quality carbon removals. Founding buyers in NextGen will include Boston Consulting Group, LGT, Mitsui O.S.K. Lines, Swiss Re, and UBS. The establishment of NextGen follows last year’s announcement by South Pole, recently approved as an Implementing Partner of the First Movers Coalition (FMC), and its development was strongly influenced by the Carbon Removal Climate Action…

Read More

One in four companies are keeping quiet on science-based targets

Stuart Mitchell

New global research from South Pole, a world-leading climate project developer and solutions provider, has found that one in four of surveyed companies with science-based targets will not be publicising them. South Pole’s annual report Net Zero and Beyond: A Deep-dive on Climate Leaders and What’s Driving Them, released today, surveyed the dedicated sustainability leads at over 1,200 large companies with net zero targets across 12 different countries and multiple sectors. Alongside net zero targets, nearly all have either set science-based emission reduction targets or plan to in the next…

Read More