Paris Agreement

Micro Focus Commits to Net Zero Carbon Emissions

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Thursday, November 17, 2022
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Micro Focus today announced its commitment to reducing the company's global carbon emissions to "net zero" by 2050.

Key Points: 
  • Micro Focus today announced its commitment to reducing the company's global carbon emissions to "net zero" by 2050.
  • The company's net zero action plan will reduce at least 90 percent of its absolute scope 1 and 2 emissions, which relates to direct business activities that it controls and owns, with carbon removals used to neutralise any remaining amount.
  • Stephen Murdoch, CEO at Micro Focus, said, "Climate change is one of the most urgent challenges facing our world today.
  • Please visit Micro Focus INSPIRE for further information on Micro Focus' approach to Environmental, Social and Governance (ESG).

COP27 needs a ‘Marshall Plan for loss and damage,’ declares Chris Caldwell of United Renewables

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Friday, November 11, 2022
Digestion, Carbon, Failure, Paris, COP, Green Climate Fund, GLOBE, Wind, Isle, Climate, Paris Agreement, Global South, UN, North–South divide in the World, Marshall Plan, Climate change, Renewable energy

A grand transfer of resources, is required from historically high carbon emitters in the Global North, to those in the Global South most vulnerable to climate change, argues Caldwell.

Key Points: 
  • A grand transfer of resources, is required from historically high carbon emitters in the Global North, to those in the Global South most vulnerable to climate change, argues Caldwell.
  • With Sharm El-Sheik hosting the 27th round of COP negotiations, starting November 8th 2022, loss and damage has taken centre-stage as a key priority for the Egyptian hosts.
  • He is the CEO of United Renewables , a full-cycle developer of clean energy projects across solar, wind, tidal and anaerobic digestion technologies.
  • Conversations on Climate brings world-leading thinkers from business and academia together to share their expertise on the subject of climate change.

The IKEA Foundation Identifies Highest Impact Interventions for Philanthropy to Reduce Emissions and Will Deploy an Additional €600m for Climate By 2025

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Friday, November 11, 2022
Other Manufacturing, Environment, Climate Change, Finance, Professional Services, Manufacturing, Sustainability, Other Natural Resources, Natural Resources, People, CEO, Non-governmental organization, Stichting IKEA Foundation, Goal, Sustainable development, Building, B Corporation (certification), Sustainable Development Goal 13, GHG, Food, Board, United Nations Climate Change conference, Climate, Interim, Rocky, ClimateWorks Foundation, COP27, People & Planet, Rocky Mountain Institute, 2016 United Nations Climate Change Conference, Technology, Research, Solution, Quality of life, Greenhouse gas, Nature, Achievement, COP26, Belinda Heggen, Conference, Paris Agreement, Poverty, Foundation, Climate change, RMI, Sustainable Development Goals, Renewable energy, Industry

In 2021, the IKEA Foundation announced an additional 1 billion in funding for climate change programmes over a five-year period, with the strategic goal of quickly and significantly reducing global emissions.

Key Points: 
  • In 2021, the IKEA Foundation announced an additional 1 billion in funding for climate change programmes over a five-year period, with the strategic goal of quickly and significantly reducing global emissions.
  • The research conducted with Systemiq and RMI will inform how the IKEA Foundation deploys the remaining 600 million in climate funding.
  • The methodology we developed with the IKEA Foundation and RMI could be the critical unlock that helps foundations prioritise the highest impact interventions to reduce emissions and deploy capital fast.
  • Since 2009, the IKEA Foundation has granted more than 1.5 billion to create a better future for children and their families.

In Race to Reach Net-Zero, 15 Companies Approach Science-Based Targets Through Supplier Leadership on Climate Transition (Supplier LoCT)

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Friday, November 11, 2022
Sustainable procurement, Disclosure, Paris, Public sector, Company, GHG, Restaurant Brands International, Program, Learning, COP, Climate change, McCormick & Company, Veritas Capital, NGO, Science, Technology, Senior, Sustainability, General Mills, PepsiCo, The Coca-Cola Company, McCormick, Goal, Government, Climate, Paris Agreement, UN, Growth, Industry, Renewable energy, Mars, Supplier, Clorox

WASHINGTON, Nov. 11, 2022 /PRNewswire/ -- The urgency in accelerating climate action is top of mind as world leaders gather in Egypt this week for COP 27, the 27th annual UN meeting on climate. Iconic companies Atlantic Packaging, The Clorox Company, The Coca-Cola Company, The Estée Lauder Companies, General Mills, The Heineken Company, Keurig Dr Pepper, Mars, Incorporated, McCormick & Company, Mondelēz International, Nestlé North America, PepsiCo, Restaurant Brands International, and Yum! are spearheading the way forward on a unique collaborative consortium effort to inform innovative approaches for the reduction of greenhouse gas (GHG) emissions across the supply chain.

Key Points: 
  • "It'snever been more vital for companies to engagetheir supply chains to help advanceclimate action," said Eva Choe, Chief Procurement Officer at The Clorox Company.
  • "Science-based targets are our top sustainability priority, and Supplier LoCT is helping us to get there," said Nicolas Lootens, Group Sustainability Manager at Vetropack, a supplier participant in Supplier LoCT.
  • The Supplier LoCT approach has been widely recognized as a practical and scalable approach to addressing the universal challenge faced by companies in addressing scope 3 emissions.
  • "Companies that are setting targets and acting on scope 3 through programs like Supplier LoCT are addressing those climate risks head on.

Unique Network Co-Host Digital Innovation and Digital Art 4 Climate Pavilion at COP27

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Tuesday, November 8, 2022
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Unique Network will lead blockchains' role in the fight against climate change at the COP27 Digital Innovation Pavilion.

Key Points: 
  • Unique Network will lead blockchains' role in the fight against climate change at the COP27 Digital Innovation Pavilion.
  • They are delighted to partner with leading technology projects to present the Digital Innovation and DigItal Art 4 Climate pavilion at the UN Climate Conference COP27.
  • The conference showcased the opportunities for Digital Art to transform the way climate change is represented.
  • As the journey to COP27 begins and the world focuses on climate action to tackle our biggest climate issues it is worth reflecting on the impact of digital art already this year.

Hitachi Energy and Equinor sign a strategic collaboration agreement to accelerate the energy transition

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Wednesday, November 9, 2022
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The agreement underlines both companies' commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system.

Key Points: 
  • The agreement underlines both companies' commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system.
  • This strategic collaboration agreement is a signal of joint ambitions to increase our competitiveness in the ongoing energy transition.
  • Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all.
  • Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future.

EQS-News: Progress-Werk Oberkirch AG: PWO aims for a greater focus on SMEs in the supply industry at the World Climate Conference

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Friday, November 11, 2022
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Carlo Lazzarini (CEO): SMEs in the mobility supply industry play a key role in reconciling climate protection and economic growth.

Key Points: 
  • Carlo Lazzarini (CEO): SMEs in the mobility supply industry play a key role in reconciling climate protection and economic growth.
  • We are showing how it can be done, and are advancing our sustainable transformation at PWO with speed and passion.
  • One main aim of the PWO Executive Board is to gain more exposure for the perspective of SMEs in the supply industry.
  • They are at the heart of sustainable development, and their perspective is crucial to successful attainment of global sustainability targets.

Over Fifty Leading Chief Executives from Africa take Climate Action at COP27

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Wednesday, November 9, 2022
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African companies are strengthening partnerships with critical stakeholders, especially governments, to jumpstart climate action across the continent.

Key Points: 
  • African companies are strengthening partnerships with critical stakeholders, especially governments, to jumpstart climate action across the continent.
  • The Africa Business Leaders Climate Statement, which today has 55 signatories, brings a much-needed perspective and set of commitments to the global climate table.
  • The Africa Business Leaders Climate Statement outlines key commitments companies can make to galvanize climate action through:
    Contributing to a global dialogue to advance the understanding of the 'fair share' principle.
  • Translate climate plans, such as Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs), into pipelines of bankable climate projects.

Luis de Guindos: The euro area economy and the energy transition

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Friday, November 11, 2022
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Madrid, 4 November 2022

Key Points: 
  • Madrid, 4 November 2022
    I am very pleased to be taking part in this event on the important topic of the energy transition and its impact on the economy.
  • I will consider the impact of energy price developments on inflation before discussing the green transition and how climate change is taken into account in our monetary policy framework.
  • Growth in the euro area is estimated to have slowed down significantly in the third quarter of this year, with real GDP growing at 0.2%.
  • Demand for services is decelerating following the strong rebound that came with the reopening of the economy over the summer, especially in tourism.
  • The continued weakening in global demand, also in the context of tighter monetary policy in many major economies, and the worsening terms of trade mean that there is less support for the euro area economy.
  • The depreciation of the euro has also added to the build-up of inflationary pressures.
  • Price pressures are evident in more and more sectors, in part owing to the impact of high energy costs feeding through to the whole economy.
  • The unprecedented energy price developments and the ensuing energy crisis are posing challenges in various ways.
  • In fact, a trade-off between energy security, the green transition and price stability may be emerging.
  • The current energy crisis has left Europe at a crossroads, presenting challenges as well as opportunities for the green transition.
  • To counter the sharp rise in energy prices, many governments adopted expensive and broad-based support measures for households and firms.
  • But these measures risk diluting relative price signals that are crucial to incentivise energy saving and foster green investment.

Frank Elderson: Delivering on the Glasgow Declaration: actions by the ECB on the road through Sharm El-Sheikh to a Paris-compatible path

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Friday, November 11, 2022
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[1]

Key Points: 
  • [1]
    I have since passed the baton of chairing the NGFS to Ravi Menon, Managing Director of the Monetary Authority of Singapore.
  • In our monetary policy, for example, last month we started tilting our corporate bond purchases towards issuers with a better climate performance.
  • And in our work as banking supervisors, we have continued to roll out what I previously described as an immersive approach to the supervision of climate-related and environmental risks.
  • [2] An approach in which these risks are fully integrated into the day-to-day activities of our joint supervisory teams, who are in constant contact with banks.
  • For the banks under our supervision, we are contributing to this by proactively sharing the good practices we see.
  • And that end can be one thing only: practices and policies that are fully aligned with a Paris-compatible transition path.
  • But we cannot assess the success of our actions based on our point of departure.
  • Droughts, floods, heatwaves, and biodiversity loss are undeniably on the rise as very real manifestations of the climate and environmental crises.
  • Join us in urgently taking all the steps necessary to ensure that our journey through Sharm El-Sheikh takes us to Paris in time.