DEFINITION: The reduction of an entity’s carbon footprint to less than neutral, so that the entity has a net effect of removing carbon dioxide from the atmosphere rather than adding it.
Scope 3 and the supply chain: How businesses are taking sustainability leadership to a new frontier
Not too long ago, sustainable leadership was defined by those 'getting their own house in order' through emissions reductions, but as the pace required to reduce emissions grows, so too does the efforts from businesses to assist the supply chain in decarbonising. Here, edie looks at some of the transformational ways businesses are engaging with suppliers.
Government urged to ratchet up spending into household energy efficiency
The UK Government has been urged to implement a Home Improvement Plan to facilitate more than £5bn in annual spending to improve the energy efficiency of the UK's housing stock to contribute to the net-zero target for 2050.
Equinor to deliver world's largest at-scale hydrogen from carbon capture plant in Hull
Equinor has unveiled plans to develop the world's largest plant capable of converting natural gas to hydrogen in combination with carbon capture and storage (CCUS), as part of the zero-carbon industrial hub located in the Humber region.
Heat Networks Industry Council set up to spur zero-carbon networks and job growth
Organisations overseeing the UK's heat networks and industry have created a new Council that will oversee plans to drive up to £50bn in investment into the sector to create 35,000 new jobs and deliver zero-carbon heat networks.
edie launches new business guide on carbon offsetting
edie has today (26 May) published a new explains guide, focusing on how businesses should approach the use of carbon offsetting to assist a carbon reduction strategy.
Chanel links €600m sustainability bond to science-based targets
Luxury fashion and fragrance giant Chanel has issued a €600m transaction for bonds linked to the company's progress against its 1.5C science-based targets.
Zero-carbon Humber cluster to rollout carbon capture and hydrogen production
Plans to create the world's first zero-carbon industrial cluster in the Humber region reached another milestone this week, as Phillips 66 and Uniper signed an agreement to deploy a carbon capture and storage (CCUS) and hydrogen production facility.
Walmart targets zero emissions by 2040, won't rely on offsetting
US retail giant Walmart has committed to becoming a zero emissions business by 2040 by pledging to become carbon neutral across its global operations without relying on carbon offsets.
SBTi kickstarts process on global standard for science-based corporate net-zero targets
The Science Based Targets initiative (SBTi) has issued its first guidance on what will ultimately lead to the development of a new global standard to ensure that corporate net-zero carbon targets are aligned with climate science.
Climate crowdsourcing: Government urged to put digital technology at heart of net-zero strategy
A new report has called on the UK Government to secure a windfall of the emerging digital climate tech sector by embracing low-carbon innovation through policy measures - a move which could help slash emissions and add billions to the UK economy.
Mercedes-Benz targets zero-carbon emissions by 2040, provides 1,800 EVs to Amazon
Mercedes-Benz has joined Amazon's Climate Pledge, setting an aim to become a zero-carbon business by 2040, on the same day the company confirmed it would provide more than 1,800 electric vehicles (EVs) to the e-commerce giant's Delivery Service Partners.
Businesses urged to harness 'nature-based solutions' to combat climate emergency
Businesses have been called upon to trial and pilot 'nature-based solutions' (NBS) in helping them reduce environmental impacts while helping the surrounding areas improve resiliency against a range of climate risks.
Five steps to building a resilient carbon strategy in a post-pandemic world
During edie's recent online masterclass, sustainability and energy specialists from Centrica and its Business Solutions arm discussed steps to building corporate carbon strategies while exploring how attitudes towards decarbonisation will change as a result of the coronavirus pandemic.
UK's CCS deployment lacking 'comprehensive' planning on non-cluster sites
The UK's net-zero transition is lacking a "comprehensive regulatory framework" to overcome challenges to "dispersed" sites that would be suitable for carbon capture technology (CCS) but that aren't located in industrial clusters.
Government urged to ramp up hydrogen spending through national strategy
The Environmental Audit Committee (EAC) had called on the Government to implement a Hydrogen Strategy to assist in decarbonising carbon-intensive sectors, in the same week that the National Grid announced plans to build a new hydrogen testing facility.
edie Explains: Scope 3 carbon emissions
What are Scope 3 emissions? How are they calculated? How can they be mitigated and reduced? And, what are the business benefits of doing so? This free edie Explains guide gives you everything you need to know.
Nando's commits to zero-carbon direct emissions, won't rely on offsetting
Nando's has unveiled a new commitment to achieve zero direct emissions and reduce the carbon footprint of its meals by almost 50% by 2030, with the company confirming that it will not rely on carbon offsetting to reach the new targets.
Capgemini targets net-zero operations and supply chain by 2030
IT services and consultancy firm Capgemini has pledged to achieve carbon-neutral operations by 2025 and full net-zero alignment by 2030, after meeting one of its key emissions targets a decade ahead of schedule.
Net-zero by 2030: Decarbonisation plans presented to Exeter City Council
A plan detailing how the city of Exeter can achieve net-zero emissions through reduced energy consumption, renewables uptake and the promoting of healthy living have been presented to the city council for approval.
M&G Real Estate sets out net-zero commitment
M&G Real Estate has unveiled new carbon reduction targets, committing to reaching net-zero emissions across its operations by 2030 and its real estate portfolio by 2050, in line with the Government's net-zero target.
UK among nations calling for low-carbon industrial transition to spur job growth
The UK has joined seven other nations in calling for industrial transitions to be delivered in a way that delivers new jobs and is in alignment with ongoing efforts to tackle the climate crisis.
Amazon to invest $2bn in low-carbon innovations
Amazon will invest at least $2bn (£1.6bn) in smaller firms creating technologies or services aimed at reducing carbon emissions to net-zero, the e-commerce giant announced on Tuesday (23 June).
British Land targets net-zero portfolio by 2030
Property development and investment giant British Land has unveiled a sweeping new sustainability strategy, headlined by a 2030 net-zero target for its office and retail estate.
Net-zero cities: Leeds's mission to be carbon neutral by 2030
edie's new mini-series exploring how local authorities are collaborating with businesses to actuate community-centred sustainability schemes on the road to net-zero emissions continues, this time exploring how Leeds plans to become a net-zero city by 2030.
Luton Airport to become 'most sustainable airport' by 2040
London Luton Airport has revealed an intention to become the UK's "most sustainable airport" by 2040, claiming that a planned expansion can be delivered in line with the ambitions of the Paris Agreement.
Businesses commit to renewables, electric vehicles and energy efficiency on World Environment Day
To mark World Environment Day (5 June), a host of major companies from across the globe have announced new commitments on climate action, by signing up to the Climate Group's leadership initiatives on renewables (RE100), electric vehicles (EV100) and smart energy use (EP100).
AB InBev launches sustainable supplier platform
The world's largest brewer, AB InBev has unveiled a new supplier forum to assist with environmental stewardship across the value chain, giving suppliers the option to receive educational materials to help reduce emissions and lower water usage.
Cooling sector lagging behind on low-carbon innovation
With news emerging that last month was the joint-warmest April ever recorded, new analysis from CDP has warned that major consumer electronic and cooling appliance firms are failing to innovate technology to spur decarbonisation.
UK businesses urged to 'redesign' relationship with nature
A new survey of UK businesses from Business in the Community (BITC) has found that less than one third have developed science-based, net-zero or carbon-restorative targets, with less than one in 10 listing the health of nature as a material issue for their business.
UPS offers month-long carbon offset incentive for deliveries
Logistics firm UPS will offer the option to pay towards the offset of carbon emissions of shipped parcel deliveries throughout the month of June, to mark World Environment Day this Friday (5 June).
'Use it or lose it': Pandemic recovery a decisive moment for climate action
A new report from global analyst firm McKinsey has found that recovery packages from the coronavirus pandemic will be decisive in putting the world on course to meeting the Paris Agreement, calling for low-carbon technologies and solutions to be prioritised.
West Sussex's £31m 'smart' local energy system to progress during lockdown
A Virtual Power Plant (VPP) project in West Sussex which is aiming to streamline how low-carbon energy is generated, stored, traded and consumed is still running "at full speed" despite the economic disruptions caused by the coronavirus pandemic.
IEA: Coronavirus to cause largest ever drop in global energy investment
The world is on course to witness the largest ever drop in investment in global energy, with the coronavirus pandemic set to restrict spending across renewables, gas, fossil fuels and cleantech.
UK's gas networks call for £900m investment into zero-carbon infrastructure
Britain's five gas networks companies have today outlined plans to spend more than £900m on zero-carbon energy infrastructure and hydrogen deployment across the UK, subject to Government approval on funding.
edie Explains: Carbon offsetting
What is carbon offsetting in the terms of a businesses’ carbon emissions strategy? How does the carbon offset process and its market work? And, at what point should a business turn to carbon offsetting?
Conde Nast to become carbon-neutral by 2030
Global fashion media company Conde Nast, which owns brands including Vogue and GQ, has committed to becoming a carbon-neutral company by 2030 while committing to educate its audience on the climate emergency.
Business Barometer: Energy managers focused on data and technology for low-carbon plans
EXCLUSIVE: Energy managers are hoping to focus on data optimisation and smart technologies such as Artificial Intelligence to accelerate low-carbon plans, although financials barriers do remain, according to edie's new barometer survey report, published today (20 May).
Government taskforce sets out tools to unlock £65bn investment into green housing
The UK Government's Green Finance Institute (GFI) has found that scaling up green retrofitting of the UK's existing housing stock would require investments of up to £65bn while supporting the economic recovery, as the Green Alliance calls for policy amendments to retrofitting in the UK.
Carbon scorecards and working groups: Engineers gear up to support UK's net-zero ambition
The National Engineering Policy Centre (NEPC) has outlined the steps that the engineering sector can take to assist with the UK-wide decarbonisation to reach net-zero emissions by 2050, while WSP has led an economy-wide call for strengthened net-zero policies.
Northern Powergrid unveils community engagement decarbonisation plans
The distribution network operator (DNO) for the North East, Yorkshire and northern Lincolnshire has unveiled a new community energy engagement strategy outlining steps to use community-based consumption and power to respond to the climate emergency.
edie launches free Decentralised Energy Toolkit for businesses
edie has today (13 May) launched a new toolkit, in association with UK Power Network Services, to outline and showcase how businesses large and small can explore distributed energy solutions to assist with decarbonisation strategies and give them more control over energy usage.
Mitie signs up to RE100 following EP100 and EV100 commitments
Mitie has become the first facilities management firm to sign up to all three of the Climate Group's initiatives, after committing to source 100% renewables as part of the RE100 platform and having already signed up to the EV100 and EP100 initiatives.
Oil and gas giants overstating net-zero ambitions, study finds
Recent announcements from European oil and gas majors such as Total, Shell and BP to commit to net-zero aren't actually aligned to the required, science-based cuts to emissions to reach net-zero or the 1.5C target of the Paris Agreement, new research has found.
Business leaders call for recovery packages to be tied to net-zero corporate targets
The chief executives from 40 global organisations including BP, Heathrow Airport, Shell and HSBC, have called on governments to focus economic recovery packages in ways that enable sectors and businesses to transition to low-carbon and resilient models of operation.
Local energy trading market launched on Orkney islands
A trial focused on delivering real-time trading between renewable generation and local grid flexibility on the Orkney islands has been successful, with project lead Electron noting that more than 1,300 trades have been completed as part of a demonstration projected.
IEA: Global emissions in 2020 to plummet by largest margin ever recorded due to Covid-19
The Covid-19 pandemic is set to deliver the biggest disruption to the energy system since the 1930s, with global electricity demand to fall by 5% while the level of emissions for 2020 are set to fall by 8% - the largest annual decrease in emissions ever recorded, according to the IEA.
Available to watch on-demand: edie's 45-minute masterclass on net-zero implementation
edie's latest series of masters content for developing net-zero businesses focused on decarbonisation implementation and took place on Wednesday, 29 April, featuring expert insight from Centrica's group head of environment Jim Rushden and Centrica Business Solutions' director of product management John Hartley. It is now available to watch on-demand.
Businesses provide NHS workers with renewably powered smartphone chargers
A new initiative has been set up to provide more than 850 pre-charged power banks using 100% renewable energy to help NHS workers charge smartphones and stay connected during shifts on the Covid-19 frontline.
Two-thirds of consumers support carbon footprints on product labelling
A global survey of 10,000 consumers has shown universal support for details on a product's carbon footprint to be included on labelling, according to new research from the Carbon Trust.
Sector coupling: Electrification of transport and buildings could slash emissions by 60%
Mass-Scale electrification of the transport, buildings and industrial sectors could enable Europe to reduce greenhouse gas emissions by 60% over the next 30 years, according to a new report published today by research company BloombergNEF (BNEF).
Almost half of UK's carbon emissions not accounted for under net-zero target, report warns
The UK's net-zero target is failing to account for emissions from overseas manufacturing of products imported into the country, a figure which a new report from WWF claims accounts for 46% of the UK's annual carbon footprint.
Net-zero: Is the UK's gas grid ready to go green?
In a week where plans were unveiled for a nationwide roll-out of farming greenhouses heated by wastewater, the UK's major gas operators have teamed up to launch a programme aimed at delivering the world's first zero-carbon gas grid.
Government's plans for low-carbon homes are 'a step backwards' on climate, London Mayor warns
London Mayor Sadiq Khan has urged Ministers to improve plans for decarbonising the UK's built environment sector, claiming that the capital and other cities are already going further and faster in the face of the climate emergency.
Mitie to double energy productivity through EP100 initiative
British facilities management (FM) firm Mitie has built on its net-zero emissions target set for 2025 by joining the Climate Group's EP100 initiative to double its energy productivity.
Hackney Council powered by 100% renewable electricity
Hackney Council is now sourcing 100% of its electricity demand from renewables, with the council accelerating towards a goal to reach net-zero emissions by 2040.
'Normal was a crisis': Why the Green New Deal is the perfect response for the post-Covid-19 economy
As the economy and society continue to suffer from the impacts of the coronavirus, experts are already exploring how to stimulate a financial recovery. All roads could lead to a Green New Deal, but the green economy will need a clear and concise voice to push policy towards it.
Business giants including Best Buy and Siemens join Amazon's climate pledge, target net-zero by 2040
Corporate giants Best Buy, Siemens, Schneider Electric and McKinstry, along with Spanish football club Real Betis, have joined Amazon's Climate Pledge and vowed to reach net-zero carbon by 2040.
Sustainable MacFries Fund: McDonald's to invest in climate-friendly farming practices
McDonald's has launched a "Sustainable MacFries Fund" in partnership with McCain to improve the resilience of British potato farmers, while also collaborating with the Walmart Foundation, WWF and Cargill in the US to improve land use practices.
Climate technology investments growing five times faster than average market rates
Venture capital investment into climate-related technology is growing five times faster than the average rate of all other industry investments, with new analysis from PwC finding that corporate and investor demands for low-carbon innovation led to $16bn being invested in 2019.
University of Exeter launches sustainability behaviour change scheme in drive towards net-zero
The University of Exeter has launched sustainable behaviour change scheme Green Rewards for its staff and students, as part of its vision to become a net-zero organisation by 2040.
Airbus unveils plans to debut zero-emission hydrogen planes by 2035
Aerospace manufacturing giant Airbus has revealed three futuristic concept designs for zero-emission aircraft with hydrogen as the primary power source, claiming that they could operate commercial flights by 2035.
Tesco and Dixons Carphone join business calls for 2030 petrol and diesel car ban
Retailers Tesco and Dixons Carphone and energy majors SSE and E.ON have joined a coalition of 27 corporates calling on Boris Johnson to move the UK's ban on new petrol and diesel car sales forward to 2030.
China's carbon-neutral target for 2060: What does it mean for global climate action?
The world's largest emitting country, China, has pledged to carbon neutrality by 2060, in a surprising yet welcome move that will boost global negotiations on climate action ahead of next year's COP26 summit.
Morgan Stanley commits to net-zero financed emissions by 2050
Global banking firm Morgan Stanley has unveiled a new commitment to reach net-zero financed emissions by 2050, while new research reveals that while almost half of the FTSE 100 companies have net-zero commitments in place, they don't yet have detailed strategies to reach these goals.
World's largest cement manufacturer commits to science-based targets and net-zero pathway
The world's largest cement manufacturer, LafargeHolcim, has committed to becoming the first global building materials company to have targets approved by the Science Based Targets initiative (SBTi).
Two weeks left to register: edie's next masterclass on energy data and the road to net-zero
edie's next masterclass will take place on Tuesday 6 October and will explore how businesses can improve energy data monitoring and measurement and how this can assist with the wider net-zero transition.
Climate Week NYC: What happened on day one?
With COP26 postponed and many other large climate events postponed, rescheduled or moved online, all eyes are on Climate Week NYC. Here, edie rounds up the key announcements from the first day.
Higher carbon prices could raise £27bn for green recovery by 2030, experts tell UK Government
The UK's price on carbon will need to reach £75 per tonne by 2030 if the nation is to meet its 2050 net-zero target - a price which would raise up to £27bn of finance for low-carbon sectors.
Formula E becomes world's first net-zero certified sport series
Formula E's ABB FIA Championship has become the world's first sporting series to be certified as net-zero, after offsetting all residual emissions from its six seasons of racing.
Ikea, Unilever and BT spearhead net-zero supply chain initiative
Ikea, Unilever, BT, Ericsson and Telia are among the founding corporate members of a new initiative designed to help multinational supply chains align with the Paris Agreement's 1.5C trajectory.
Manchester's B-Corp hub and California's bee-friendly solar farm: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
Sustainable Business Covered podcast: Talking net-zero for World Green Building Week 2020
Episode 91 of the Sustainable Business Covered podcast delivers three exclusive interviews with experts across the built environment sector to mark World Green Building Week 2020. With buildings accounting for around 40% of global energy consumption and 33% of emissions, this sector is a key focus in the transition to net-zero.
Tate & Lyle has carbon goals approve by Science Based Targets initiative
Food and drink ingredient supplier Tate & Lyle has had goals to reduce operational and value chain emissions approved by the Science Based Targets initiative (SBTi).
#SustyTalk: Lloyds Banking Group's James Wilde on financing the green recovery
edie's #SustyTalk interview series continues with Lloyds Banking Group's head of sustainability James Wilde taking part in a virtual discussion on financing the green recovery, as well as providing an update on the bank's efforts to halve its emissions.
Carbon capture and EVs: Amazon unveils first beneficiaries of $2bn climate fund
Amazon has announced the first beneficiaries of its $2bn Climate Pledge Fund, with organisations developing carbon removal technologies, nature-based carbon markets and electric vehicle (EV) innovations set to benefit.
Nespresso targets carbon neutrality by 2022
Nespresso has outlined plans to reduce supply chain emissions, invest in insetting at coffee farms and purchase carbon offsets to reach carbon neutrality by 2022.
Green Finance Institute assembles businesses for zero-carbon heat taskforce
The Green Finance Institute has convened representatives of dozens of businesses alongside experts from local authorities, policy and science for a new taskforce tasked with decarbonising heating systems in the UK.
Arup, Spirax-Sarco and Bolt outline ambitious climate targets
Engineering firms Arup and Spirax-Sarco Engineering have unveiled new net-zero carbon targets, with Arup targeting net-zero emissions by 2030 and Spirax-Sarco aiming for 2040, while mobility platform Bolt aims to become carbon negative by the end of the year.
Carbon prices to climb 50% over next decade following raised EU climate targets
Carbon prices across the European Union (EU) could increase by more than 50% over the next decade, with the bloc's proposed 55% reduction in emissions set to shape renewables and fossil fuel markets in the long-run, according to new analysis from the Refinitiv Carbon Research team.
BT joins calls to accelerate climate action through 1.5C Business Playbook
BT has joined the likes of Ikea and Ericsson in supporting the 1.5C Business Playbook, calling for renewed efforts from corporates and policymakers to halve emissions by 2030 as part of a "race to zero".
Just 0.5% of global GDP needed to reach net-zero by 2050, report finds
By scaling up energy efficiency efforts and deploying renewable energy generation capacity far more rapidly, the world could "technically and economically" transition to net-zero by 2050 for the cost of less than 1% of global GDP annually through to mid-century.
ITV commits to net-zero emissions by 2030
ITV has built on a recent science-based targets announcement by committing to reaching net-zero emissions across the business by 2030.
PwC targets net-zero operations and supply chain by 2030
PwC has unveiled plans to become a net-zero company by 2030, reducing and offsetting emissions from operations, travel and the supply chain.
Sustainability Leaders Awards open for entries ahead of virtual ceremony
edie is proud to announce that the UK's largest and most prestigious sustainable business awards scheme has opened for entries, offering organisations and individuals the opportunity to be recognised and celebrated for leading on sustainability, energy and climate action.
Google offsets lifetime carbon emissions
Google has "eliminated" its entire carbon legacy, offsetting all operational emissions generated before it achieved carbon neutrality in 2007.
13 major airlines commit to joint 2050 net-zero vision
British Airways, Qantas and American Airlines are among the 13 major airlines to have signed a new joint commitment to reaching net-zero emissions by 2050.
Business and investor giants urge EU to raise 2030 emissions target
More than 150 businesses and a group of investors with €33trn in assets under management have today (15 September) called on the European Union (EU) to back the ambitions set out in its Green Deal by committing to reduce greenhouse gas emissions by at least 55% by 2030.
Inclusive recovery: Can a post-pandemic economy shift society and sectors to greener pastures?
The world is still reeling from the continued impacts of the coronavirus pandemic, but the financial decisions that are made now will determine whether all sectors and parts of society are brought along the green recovery.
Renewable and technology associations team up to drive corporate demand for clean energy
UK trade associations, techUK, the Solar Trade Association (STA) and RenewableUK are forming a new partnership to encourage companies to purchase more renewable energy in a bid to spur the net-zero transition.
edie launches new business guide on energy data optimisation
edie has today (9 September) published a new report outlining all the key considerations, challenges and benefits to investing in energy data optimisation to assist with low-carbon strategies.
Signify reaches carbon neutrality globally, revamps corporate goals for 2025
Global lighting firm Signify has revealed it has reached its ambition to be carbon neutral across its operations and is now pledging to "go beyond" that original target.
UK slipping behind on build rate required for net-zero target
The UK is achieving less than half of the required build rate to deliver energy systems that will reach net-zero emissions by 2050, according to a new whitepaper from engineering consultancy Atkins.
Football broadcast on Sky Sports to be certified to highest sustainability standards
Sky Sports has confirmed that all Premier League and English Football League matches broadcast across its sports channels will be certified to sustainable production levels.
Advertising sector launches new initiative to eliminate negative environmental impacts
A new initiative launched to eliminate the advertising industry's negative impact on the environment, which has been backed by the likes of Sky and Unilever.
Uber commits to becoming zero-emissions mobility platform by 2040
Uber has announced its intention to become a zero-emissions mobility platform by 2040, with all journeys to be completed via zero-emission vehicles, public transit and bespoke micro-mobility devices.
Carbon tax rises 'could fund energy efficiency drive'
The government could siphon off a large chunk of the revenues from increased carbon prices to improve the energy efficiency of fuel poor households, according to a new report from the London School of Economics' Grantham Institute.
Built environment: Avison Young and St. Modwen set net-zero carbon targets
Real estate advisor Avison Young and housebuilder St. Modwen have become the latest companies in the built environment sector to pledge to achieve net-zero carbon emissions.
5 top tips for tackling your organisation's Scope 3 emissions on the road to net-zero
Most organisations will find that a majority of their total emissions footprint sits within the Scope 3 (indirect) category, making this area a key focus for the transition to net-zero. But how challenges measuring, reporting on and reducing emissions across the value chain be overcome?
Scotland commits £1.6bn for national green recovery
The Scottish Government has outlined a new £1.6bn spending framework that will form part of an enhanced New Deal for the country that will improve biodiversity, slash emissions from heating and buildings and support 5,000 low-carbon jobs.
Mark Carney assembles business giants in drive to scale carbon offsetting markets
Representatives from Unilever, Nestle, BP and Shell are among the members of a new private-sector taskforce aiming to scale up voluntary carbon credit markets, spearheaded by former Bank of England Governor Mark Carney.