Corporate Climate News

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Japan hosts 1st ministerial to propel Asia-wide zero emissions

Japan, Australia and ASEAN nations gathered for a ministerial meeting on the reduction of carbon emissions in the region, under an initiative launched by Tokyo.


US announces $6Bn in grants to decarbonise heavy industry

The Biden administration is directing $6Bn in funding to speed decarbonisation projects in energy-hungry industries like steel, aluminium and cement making.


China strengthens role of courts in meeting carbon targets

China’s Supreme People’s Court issued the first judicial document to encourage and guide case handling on carbon emissions.


Washington raises $300m from new cap-and-invest system

The first cap-and-invest auction in the state of Washington saw every single one of the 6m allowances bought by large industrial emitters enrolled in the program.


German government sets plan to bring back solar, wind industry

Berlin looks to acquire shares in renewable energy firms and provide support to wind turbine and solar panel manufacturers to encourage production in Germany.


Delta Airlines outlines strategy to reach net zero by 2050

The roadmap includes scaling the sustainable fuel market, innovating its fleet for the future, addressing single-use plastics and encouraging net-zero supply chains.


Egypt moves forward with investing in carbon markets

The country’s first carbon credits investment fund, called EgyCOP, will invest directly in the voluntary carbon markets.


Energy efficiency directive sets 11.7% reduction target by 2030

EU lawmakers have agreed to increase the ambition of the bloc’s energy efficiency directive, making energy savings of 11.7% by 2030 mandatory.


Dana plans to achieve net zero by 2040

The American vehicle parts maker is accelerating its plan to reduce scope 1 and 2 emissions, targeting a 75% reduction by 2030, instead of its previous goal of 50%.


Consultation open for Australian carbon credit tax treatment

The Australian Government is seeking comments by March 17 on the proposed new taxation scheme for Australian Carbon Credit Units (ACCUs).


UN takes step towards new way of tracking greenhouse gases

The UN’s World Meteorological Organization has come up with new infrastructure to allow standardised, real-time tracking of greenhouse gases.


Hager’s emission reduction targets approved by SBTi

The German electrical equipment manufacturer has committed to reducing its scope 1 and 2 GHG emissions by 50% by 2030 from a 2021 base year.


Verra invites application to the VCS Program Advisory Group

Verra is relaunching the Verified Carbon Standard (VCS) Program Advisory Group to help align its programme with the global ambition to reach net zero by 2050.


Oil giant Saudi Aramco records historic $161Bn profit in 2022

Aramco plans to spend up to $55Bn on capital projects in 2023 to boost its production from 11.5m barrels a day in 2022 to 13m barrels a day by 2027.


SKF’s near and long-term targets approved by SBTi

The Swedish manufacturing company has committed to reducing its Scope 1 and 2 emissions by 95% by 2030 and to reaching net zero across its value chain by 2050.


Canadian watchdog OSFI issues guidelines on climate risk

The Office of the Superintendent of Financial Institutions (OSFI) published “Guideline B-15”, setting out OSFI’s expectations for the management of climate-related risks.


International Copper Association sets 2050 net zero target

The ICA’s members will also work with customers to reduce their Scope 3 emissions by 10% by 2030, by 30-40% by 2040, and by 60-70% by 2050, it said.


Ariel Re completes catastrophe bond linked to carbon credits

Ariel Re will seek to buy options to generate carbon credits in the event of a significant disaster that requires a large number of properties to be replaced.


Sustainable Apparel Coalition launches decarbonisation guide

The guide is a part of SAC’s Decarbonisation Program, which includes a process for organisations to commit to targets and develop action plans.


AMF calls to enhance shareholder dialogue on climate plans

The Financial Markets Authority (AMF) calls on issuers to enhance shareholder dialogue on their climate strategies in the context of annual general meetings.

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