Corporate Climate News

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Nigeria to end gas flaring by 2030

The Nigerian government has pledged to end the burning of gas as a by-product of oil production by 2030, under its latest climate plan submitted to the UN.


UK announces plans for a hydrogen economy

The UK’s first-ever Hydrogen Strategy will unlock over £4b in investment to establish a low carbon hydrogen sector in the UK by 2030.


Origin must align lobbying and capex with Paris Agreement

The Australasian Centre for Corporate Responsibility (ACCR) has filed two shareholder resolutions with Origin Energy requesting the company to align its capital expenditure with a 1.5°C pathway.


China approves renewable mega-project for green hydrogen

The Chinese region of Inner Mongolia has approved a power project that will use solar and wind to produce 66,900 tons of green hydrogen a year.


HK SFC finalises managers’ climate risk rules

Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.


PNC commits $20b to environmental finance

The PNC Financial Services Group announced today it is committing $20 billion over five years in support of environmental finance.


Ceres report shows’ lack of Scope 3 action by food brands

A new report from nonprofit Ceres found that most of the major food brands are still not disclosing greenhouse gas emissions, nor reporting SBTi.


Canadian tar sands producers commit to net zero by 2050

The alliance of Canadian oil producers has committed to net zero makes while continuing to extract and produce oil for the next 30 years.


Emissions must peak within 4 years, says IPCC leak

The leak is from the forthcoming third part of the landmark report by the Intergovernmental Panel on Climate Chang.


Brazil to invest $4b in coal

The Mines and Energy Ministry has published a “programme for the sustainable use of national mineral coal”, which aims to leverage $3.9b in coal.


Japan to launch Nikkei GDP-emissions reductions indicator

Japan’s government will create a new indicator aimed at reflecting the country’s progress in reducing greenhouse gas emissions compared with its GDP.


Tech Zero taskforce reaches 100 members milestone

The coalition has amassed the support of more than 100 businesses.


Biden eyes 2050 fossil-free aircraft fuel requirement

U.S. President Joe Biden’s administration is discussing a target date of 2050 for weaning aircraft off fossil fuels by 2050.


RSK Group signs for £1bn sustainability-linked loan

Under the terms of the loan, RSK will benefit from lower margins if it delivers its sustainability targets relating to carbon emissions, ethics and health and safety.


ExxonMobil suspended from climate group

ExxonMobil had been a founding member of the Climate Leadership Council since 2017.


PRI delays reporting overhaul to 2023

The Principles for Responsible Investment (PRI) has delayed an overhaul of the reporting it requires of its signatories until 2023.


Cabot executes $1b sustainability-linked credit facility

Cabot has replaced its existing $1b unsecured revolving credit agreement while adding a sustainability-linked pricing mechanism to the new agreement.


Carrier to be carbon neutral by 2030

As part of its 2030 sustainability strategy, Carrier aims to be carbon neutral across its operations and to reduce customers’ carbon footprint by 1 gigaton.


Hartford Funds enters ESG ETF market

Hartford Funds announced the launch of its first ESG-focused exchange-traded fund, Hartford Schroders ESG US Equity ETF.


Japan eyes mandatory solar for new homes by 2030

The Ministry of Land, Infrastructure, Transport and Tourism aims to install solar power generation equipment in 60% of new homes by 2030.

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