NZBA
EQS-News: Science Based Targets initiative has validated ProCredit Holding AGs near-term emission reduction targets
Frankfurt am Main, 08 March 2024 - ProCredit Holding will continue to implement its sustainability strategy and take action to achieve its net-zero commitment by setting its first SBTi-validated near-term science-based targets.
- Frankfurt am Main, 08 March 2024 - ProCredit Holding will continue to implement its sustainability strategy and take action to achieve its net-zero commitment by setting its first SBTi-validated near-term science-based targets.
- In setting its targets for scope 3, the ProCredit group has covered 57% of total investment and lending towards its clients.
- As was the case with the Net-Zero Banking Alliance (NZBA), ProCredit committed to set targets through the SBTi in 2022.
- The initiative supports companies in setting science-based emission reduction targets in line with the objectives of the Paris Agreement.
FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance by 2030, Increasing Sustainable Commitment by 80%
The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
- The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
- The expansion underscores FAB's commitment to be a key enabler of the regional sustainable finance agenda and its responsiveness to shifting customer and community priorities.
- In setting even more ambitious sustainable finance targets by 2030, we are expanding our commitment.
- Since 2021, it has facilitated over AED100 billion (USD27 billion) as of September-end 2023 in sustainable projects towards renewable energy, clean transportation, green buildings and social projects.
FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance by 2030, Increasing Sustainable Commitment by 80%
The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
- The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
- The expansion underscores FAB's commitment to be a key enabler of the regional sustainable finance agenda and its responsiveness to shifting customer and community priorities.
- In setting even more ambitious sustainable finance targets by 2030, we are expanding our commitment.
- Since 2021, it has facilitated over AED100 billion (USD27 billion) as of September-end 2023 in sustainable projects towards renewable energy, clean transportation, green buildings and social projects.
EQS-News: ProCredit Holding AG & Co. KGaA: ProCredit group further expands sustainability profile in 2022 with key initiatives
EQS-News: ProCredit Holding AG & Co. KGaA
- EQS-News: ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA: ProCredit group further expands sustainability profile in 2022 with key initiatives
The issuer is solely responsible for the content of this announcement. - The group is committed to continuously reporting on key ESG results and initiatives in line with Global Reporting Initiative (GRI) standards.
- In its report package, the ProCredit group reports on significant milestones in the implementation of its comprehensive sustainability strategy.
- In 2022, the ProCredit group made significant achievements in the implementation of its sustainability strategy.
EQS-News: ProCredit Group joins the Net-Zero Banking Alliance and commits to set near- and long-term emissions reductions with the Science Based Target initiative (SBTi) Net-Zero Standard
This industry-led, UN-convened alliance of banks worldwide is committed to aligning their lending and investment portfolios with net-zero emissions by 2050 or sooner.
- This industry-led, UN-convened alliance of banks worldwide is committed to aligning their lending and investment portfolios with net-zero emissions by 2050 or sooner.
- This is in accordance with the most ambitious targets set in the Paris Climate Agreement.
- Furthermore, the ProCredit group has committed to set its future near- and long-term emissions reductions in accordance with the Science Based Targets initiative (SBTi) Net-Zero Standard, as part of the Business Ambition for 1.5°C and UNFCCC Race to Zero campaign.
- Therefore, we consider the Net-Zero Banking Alliance and the Science Based Targets initiative key counterparts to reaching this goal,” explains Hubert Spechtenhauser, Chair of the Management Board of ProCredit Holding.
RBC releases 2030 interim emissions reduction targets in line with climate strategy
"We know the greatest impact RBC can have to drive emissions reductions in the economy is through partnerships with our clients," said Dave McKay, President and CEO at RBC.
- "We know the greatest impact RBC can have to drive emissions reductions in the economy is through partnerships with our clients," said Dave McKay, President and CEO at RBC.
- "Our initial interim targets will help us track and measure how we're doing in working with our clients on our ambitious net-zero goals and keep us accountable along the way.
- Another key element of RBC's climate strategy is to share ideas and perspectives that inspire action.
- RBC's Net-Zero Report outlines RBC's 2030 initial interim emissions reduction targets for the oil & gas, power generation, and automotive sectors.
CIBC net-zero ambition further supported by establishing 2030 target for emissions reduction from its power generation portfolio
TORONTO, Sept. 29, 2022 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced its target to reduce the carbon intensity of its financed emissions in the power generation sector by 2030.
- TORONTO, Sept. 29, 2022 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced its target to reduce the carbon intensity of its financed emissions in the power generation sector by 2030.
- This target is further to the bank's recent commitment to reduce the carbon intensity of its financed emissions in its oil and gas portfolio.
- CIBC's 2030 target for its power generation portfolio is for a 32% reduction in emissions intensity (Scope 1) compared to a 2020 base year.
- With two interim targets now in place, CIBC is furthering its net-zero ambitions.
Sasol and ITOCHU announcing Memorandum of Understanding (MoU) on green hydrogen and ammonia
Green ammonia is produced from green hydrogen, which in turn is produced from renewable electricity (solar and wind) via an electrolysis process.
- Green ammonia is produced from green hydrogen, which in turn is produced from renewable electricity (solar and wind) via an electrolysis process.
- Sasol is advancing a number of green hydrogen studies and projects in South Africa, such as in Boegoebaai in the Northern Cape province, that include green ammonia production at scale for export.
- "Sasol is excited about our collaboration with ITOCHU to unlock South Africa's significant potential as a large-scale producer of green hydrogen and ammonia.
- Using the MoU as a platform, ITOCHU, together with Sasol, will jointly study supply chains and markets for green ammonia, and assess other partnership models related to green hydrogen and ammonia production and exports from South Africa.
Sasol and ITOCHU announcing Memorandum of Understanding (MoU) on green hydrogen and ammonia
Green ammonia is produced from green hydrogen, which in turn is produced from renewable electricity (solar and wind) via an electrolysis process.
- Green ammonia is produced from green hydrogen, which in turn is produced from renewable electricity (solar and wind) via an electrolysis process.
- Sasol is advancing a number of green hydrogen studies and projects in South Africa, such as in Boegoebaai in the Northern Cape province, that include green ammonia production at scale for export.
- "Sasol is excited about our collaboration with ITOCHU to unlock South Africa's significant potential as a large-scale producer of green hydrogen and ammonia.
- Using the MoU as a platform, ITOCHU, together with Sasol, will jointly study supply chains and markets for green ammonia, and assess other partnership models related to green hydrogen and ammonia production and exports from South Africa.