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'Neutral is not enough': Microsoft pledges to become carbon-negative by 2030
Tech giant Microsoft has today (16 January) unveiled a bold new plan to reduce its carbon impact to below net-zero by 2030, with an additional goal of removing carbon from the atmosphere that the company has emitted since it was founded in 1975.
BlackRock's Larry Fink to CEOs: 'Purpose is the engine of long-term profitability'
BlackRock's chief executive Larry Fink has warned businesses that a "fundamental reshaping of finance" is happening at pace and that businesses need to put climate action at the heart of decision-making processes in order to remain profitable.
Sustainability 2.0: Welcome to a decade of deliverance
The 2010s laid bare the severe climate issues facing the world and the shrinking timeframes to fix them. Combatting climate change is a daunting task, but corporate ambitions and societal expectations have created a platform to ignite a decade of deliverance towards a decarbonised, closed-loop planet.
ArcelorMittal Europe outlines plans for 30% carbon reduction by 2030
Steel and mining giant ArcelorMittal Europe has announced plans for a CO2 roadmap to reduce its total emissions by 30% by 2030.
A decade in review: Vote for the defining sustainability moment of the 2010s
As the 2010s draw to a close, edie has analysed the key moments and announcements that push sustainability and climate action from a niche activity to a global necessity. Cast your vote to decide which of the seven moments was most profound.
Shell links $10bn credit facility to low-carbon progress
Royal Dutch Shell is linking the interest and fees paid on its new $10bn (£7.5bn) revolving credit facility to progress against its carbon targets.
'A far cry from what science tells us is needed': COP25 reaches 'disappointing' conclusion
Green campaign groups, UN officials and business representatives have expressed disappointment after two weeks of negotiations at COP25 came to a close today (15 December), almost two days behind schedule.
Temperature check: The 1.5C movement takes shape at COP25
BT's head of environmental sustainability Gabrielle Ginér reflects on her time at the COP25 climate summit in Spain, and why science-based targets are driving the corporate sectors towards the Paris Agreement.
America's Pledge and Europe's Green Deal: What happened on days 8 & 9 of COP25?
COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the last few days of the event.
Greta passes the mic and 1.5C targets surge: What happened during the first week of COP25?
COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the first week of the event.
IEA strengthens clean energy commitments after investor criticism
The International Energy Agency (IEA) has published its first communique in a decade, covering topics including the clean energy transition, after a meeting with world leaders at COP25 in Madrid.
CDP: Corporates could save a gigaton of emissions by championing renewables in supply chains
If key suppliers to the world's largest corporations used 20% more renewable energy than they do at present, one billion metric tonnes of greenhouse gas (GHG) emissions would be mitigated.
Car giants 'driving with the brakes on' towards climate goals, report warns
The world's 25 largest car manufacturers are collectively failing to act in line with the Paris Agreement in terms of both electrifying their portfolios and strengthening climate governance, new analysis from CDO and the World Benchmarking Alliance (WBA) has warned.
VF Corporation sets 1.5C science-based targets
VF Corporation - the fashion giant behind brands including Vans, The North Face and Timberland - has set new science-based emissions targets in line with the Paris Agreement's 1.5C trajectory.
Businesses with science-based targets on course to slash emissions by one-third
Businesses that have committed to aligning their emissions reduction strategies with the aims of the Paris Agreement will spur more than $18bn in climate-mitigation investment and up to 90TWh of annual renewable electricity generation.
Greta's arrival and carbon offsetting clashes: What happened on days 2 & 3 of COP25?
COP25 - the UN's annual two-week-long climate summit - is now well underway in Madrid. Here, edie rounds up all the key news and views from the second and third days of the event.
Report: One in three transport companies aligning with Paris Agreement as investor pressure mounts
A survey of 57 of the world's largest transport companies, including airlines and carmakers, has found that more than one in three (35%) have set emissions targets in line with the Paris Agreement.
Kingspan and Cargill unveil Paris-aligned climate strategies
Construction materials giant Kingspan and agri-food multinational Cargill have both unveiled new science-based emissions targets at the UN's COP25 summit in Madrid.
Repsol targets net-zero by 2050
Spanish oil and gas giant Repsol has committed to becoming a net-zero emission business by 2050, across its own operations and its indirect impacts.
Boris Johnson urged to challenge Trump on climate denial
Boris Johnson is being urged by 350 leading climate researchers to robustly challenge Donald Trump on his "dangerous" and "irresponsible" denial of the risks of climate change during the US president's visit to the UK this week.
Carbon pricing and 'the climate point of no return': What's happened at COP25 so far?
Monday (2 December) marked the start of COP25 - the UN's annual two-week-long climate summit - in Madrid. Here, edie rounds up all the key news and views from the first day of the event.
'Prosperity for All': Wales unveils new short-term climate vision
The Welsh Government has published its much-anticipated climate roadmap for 2020-2025, which includes a commitment to plant 2,000 hectares of woodland annually.
Europe becomes first continent to declare a 'climate emergency'
MEPs voted to pass a resolution declaring a 'climate emergency' on Thursday evening (28 November), making the European Parliament the first body representing a continent to do so.
Johnson frozen out of climate leaders debate as green groups call for net-zero pact between parties
With Prime Minister Boris Johnson quite literally frozen out of the leader's climate debate last night, more than 40 academics, policy specialists, trade bodies and businesses have called for a bipartisan net-zero pact between the UK political parties in order to ensure the nation meets its commitments.
UK urged to commit £20bn as 'fair share' of climate adaptation investment
UK thinktank IPPR has called for the UK to provide £20bn to a UN climate fund to account for the nation's "fair share" of ecological degradation and climate change speed-up.
Climate-heating greenhouse gas concentrations hit new high, UN reports
The concentration of climate-heating greenhouse gases hit a record high in 2018, according to a report from the UN's World Meteorological Organization.
Fossil fuel production on track for double the safe climate limit
The world's nations are on track to produce more than twice as much coal, oil and gas as can be burned in 2030 while restricting the rise in the global temperature to 1.5C, analysis shows.
Why energy productivity holds the key to net-zero business
Jenny Chu, head of energy productivity initiatives, at international non-profit, The Climate Group, argues that business has a key role in using less energy to achieve higher economic output.
Dozens of investors slam IEA over fossil fuels and renewables projections
Allianz, Zurich Insurance Group and Orsted's pension fund are among 65 finance bodies to have written to the International Energy Agency (IEA), urging to body to hep global energy firms align with the Paris Agreement.
European Investment Bank to end financial support for fossil fuels by 2021
The European Investment Bank (EIB) has unveiled a new energy lending policy that will stop all financing for fossil fuel projects at the end of 2021 and unlock €1trn in sustainable development over the next decade.
Report: Climate change could 'wipe out decades of public health gains', hitting children the hardest
Without more ambitious action to limit global warming in line with the Paris Agreement, children born today will face "persistent and pervasive" climate-related health impacts throughout their lives, a major new study has warned.
Just one in 10 of world's largest energy firms have net-zero targets, report finds
Just 10% of the world's largest 132 coal, electricity and oil and gas companies have set time-based commitments to reduce their greenhouse gas emissions to net-zero, with just three companies also pledging to reduce indirect emissions as well.
Beyond Carbon: The $500m plan to create a low-carbon US, with or without Trump
EXCLUSIVE: President Donald Trump may have officially kickstarted the process to withdraw the US from the Paris Agreement, but there is a movement of cities, states and businesses that is driving the nation towards 100% clean energy, with or without support from the federal government.
Trump begins withdrawal process from Paris Agreement
Donald Trump has on Monday (4 November) officially triggered the process of withdrawing the US from the Paris Agreement climate accord, which will make the world's largest economy the only nation outside of the agreement.
COP25: Madrid confirmed as new hosts of climate summit
UPDATED: The UN has confirmed that Madrid will host the COP25 climate summit, after Chile cancelled their option to host the event in early December following weeks of violent protests based on civil unrest.
Oil and gas giants must cut production by a third to meet climate targets
The world's largest oil and gas companies must cut combined production by 35% by 2040 if nations are the meet the collective ambitions of the Paris Agreement and limit global warming to below 2C, a new report from Carbon Tracker has found.
Paris is always a good idea: Why modern slavery needs a proper framework and definition
Dr. Joy Murray, Dr. Arunima Malik and Dr. Darian McBain look at the need for modern slavery to be properly defined on a global level and how effective initiatives to combat it can also have an effect on climate change.
British Airways sets net-zero commitment, plans to offset domestic flight emissions
International Airlines Group (IAG), the parent company of British Airways (BA), has become the first airline group to commit to reaching net-zero carbon emissions by 2050, as BA also announces plans to offset all domestic passenger flight emissions next year.
Bloomberg and mayors call for Global Green New Deal to 'marry economy and ecology'
The Mayors of cities including Los Angeles, Copenhagen and Paris have issued a rallying call for the adoption of a Global Green New Deal that recognises the threat of the climate emergency and strives to transition to a low-carbon future through a fair and just transition.
One year on: How the IPCC report has redefined sustainable business leadership
One year ago today (8 October), the Intergovernmental Panel on Climate Change (IPCC) published what it described as its "landmark" report on global heating. While the pressure the paper's findings would place on governments was obvious from day one, the study's impact on business has been continually evolving - as explored by edie reporter Sarah George.
Investor pressure slowly pushing firms to set net-zero targets
An investor group overseeing more than $35trn in assets has seen positive responses from corporates on calls to cut net emissions to zero by 2050, despite the group's first progress report finding that just 9% of the companies it has focused on have set targets aligned with a 2C warming.
UK Government will continue to invest in fossil fuels overseas, despite MPs' concerns
The Government has broadly rejected a string of recommendations from MPs aimed at decarbonising the portfolio of the UK's export credit agency, which has continually been found to be financing fossil fuel projects in developing nations.
Everything you may have missed: The sustainability success stories of the UN Climate Summit
As the week of the UN's Climate Action Summit in New York draws to a close, edie highlights the numerous new green commitments, events and announcements made by businesses.
Sea-level rise to affect one billion people by 2050, landmark IPCC report reveals
The Intergovernmental Panel on Climate Change (IPCC) has today (25 September) published its highly anticipated landmark report detailing how climate change will affect the world's oceans and cryosphere, and the impacts this will have on human health, the economy and wildlife.
Multiplex Europe raises carbon ambitions with 1.5C science-based target
Multiplex Europe, the construction firm behind huge London developments including 100 Bishopsgate, has announced that it has increased its science-based target to account for the 1.5C ambition of the Paris Agreement.
'Unprecedented': Investors responsible for $2.4trn commit to net-zero alignment
A group of finance giants, collectively responsible for investments worth $2.4trn, have committed to ensuring that their respective portfolios are carbon-neutral by 2050.
Most of world's biggest firms 'unlikely' to meet Paris climate targets
More than four-fifths of the world's largest companies are unlikely to meet the targets set out in the Paris climate agreement by 2050, according to fresh analysis of their climate disclosures.
Embodied carbon: WorldGBC embarks on 'radical' new approach towards net-zero
EXCLUSIVE: The World Green Building Council (WorldGBC) has issued a new report outlining how companies in the sector can focus on both operational and embodied carbon to reach net-zero emission buildings by 2050, warning the companies ignoring this new approach could be "outpaced by the innovators".
Banks representing one-third of global market to align with Paris climate targets
A coalition of 130 banks, representing one-third of the worldwide banking sector, have committed to aligning their actions with the aims of the Paris Agreement.
87 major firms commit to setting 1.5C science-based targets
L'Oreal, Inter Ikea Group and Nestle are among a coalition of 87 corporates to have today (22 September) committed to set science-based emissions reductions targets in line with the Paris Agreement's more ambitious 1.5C trajectory.
Amazon commits to net-zero by 2040 following staff protests
E-commerce giant Amazon has pledged to reach net-zero carbon emissions across its operations by 2040, after its staff lobbied for the firm to take more bold action on climate change.
Global decarbonisation efforts 'stall', pushing climate goals out of reach
Global decarbonisation efforts will need to be seven times greater than current efforts, if the world is to stand a fair chance of limiting global warming to 1.5C, according to a new PwC report which found that the rate of global decarbonisation has slowed to its lowest level since 2011.
Nestlé sets net-zero climate goal for 2050
Nestlé has today (12 September) unveiled wide-sweeping plans to enhance carbon sequestration, procure 100% renewable electricity and launch more food and drink products that have improved environmental footprints, as part of an overall goal to reach net-zero emissions by 2050.
Oil and gas companies risking £1.8trn in stranded assets during low-carbon transition, report warns
Oil and gas companies have spent £40.5bn ($50bn) on investment projects that undermine the Paris Agreement, with a new report from think tank Carbon Tracker warning that major companies risk wasting £1.8trn ($2.2trn) on stranded assets by 2030.
![Both religious leaders used their speeches to declare a "climate emergency". Image: Zebra48bo/Wikimedia Commons Zebra48bo [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]](https://e2k9ube.cloudimg.io/s/width/226/https://edienet.s3.amazonaws.com/news/images/full_38994.jpg?v2=02/09/2019 10:32:00)
Pope and Archbishop of Canterbury urge 'drastic measures' on climate change
Both Pope Francis and Archbishop of Canterbury Justin Welby have called for greater global action to tackle climate change, in speeches made to mark the UN Climate Summit and the Global Ethical Finance Summit respectively.
Rolls-Royce teams with Norway's largest regional airline on zero-emission aircraft scheme
Rolls-Royce is partnering with the largest regional airline in Scandinavia on a joint research programme aimed at unlocking and developing technology to enable zero-emission aviation.
Ben & Jerry's, Patagonia, Lush and Seventh Generation to take part in global climate strikes
Major US firms Ben & Jerry's, Patagonia, Lush Cosmetics and personal care firm Seventh Generation have agreed to close stores on 20 September to join the worldwide day of climate strikes.
'Adaptation alone will not be enough': Climate change to shrink global GDP by 7% by 2100
A "business-as-usual" approach to climate mitigation and carbon emissions will see 7% of global GDP disappear by 2100, with the UK down's economy down 4%, according to a new report predicting that all nations will be hit by climate change impacts.
Glasgow lined up to host COP26 climate change summit
Glasgow is set to host the COP26 climate change summit next year, should the UK win the bid to host the international event, the Government has said.
Swedish lessons: Can data management enable the UK to deliver a net-zero economy?
The UK's net-zero climate target has been widely welcomed, but is currently lacking some actual points of delivery. Fortunately, Sweden's own net-zero target can teach politicians some interesting lessons, including how big data and digitisation can mobilise action plans.
Cambridge becomes first university to set 1.5C science-based targets
The University of Cambridge has become the first higher education institution in the world to set science-based targets in line with the Paris Agreement's more ambitious 1.5C trajectory.
Business giants commit to delivering net-zero strategies
More than 20 companies, including Telefonica, Vodafone and Unilever, with a total market capitalisation of more than $1.2trn have committed to setting science-based targets aligned to 1.5C reductions and net-zero emissions for 2050.
How Burberry joined the business elite in setting a 1.5C science-based target
EXCLUSIVE: As Burberry became the latest corporate to set a science-based target aligned to the Paris Agreement's most ambitious pathway, the company's vice president of corporate responsibility outlined how the goal was set, and what happens next.
Report: Nations must engage with private sector to achieve Paris Agreement
A new whitepaper from GRI and CDP has outlined the importance of increasing private sector engagement in meeting national climate change commitments made under the Paris Agreement.
Report: Just one-eighth of corporates aligning with Paris Agreement
An analysis of 274 corporates across the world's most carbon-intense sectors has found that just one in eight are reducing their emissions in line with the Paris Agreement's less ambitious trajectory of 2C.
Sir David Attenborough: 'Radical' battle against climate change can be a 'huge opportunity'
Sir David Attenborough has welcomed that the UK's net-zero carbon emissions target, noting that any nation that can "get ahead of the game" on the climate movement can generate huge economic and societal opportunities, provided "radical change" is introduced.
EU leftists demand 'climate emergency' Parliament committee
The European Parliament's leftist group (GUE/NGL) has proposed setting up a special climate emergency parliamentary committee to shift the spotlight on to green issues even more over the next five years.
Co-op to halve emissions with 1.5C science-based target
The Co-op has joined a select group of business leaders committed to aligning emissions reduction strategies with the highest ambition of the Paris Agreement, after pledging to halve its greenhouse gas emissions by 2025.
UN climate talks end amid major questioning of landmark 1.5C IPCC report
Climate negotiations ended in Bonn, Germany, Thursday (27 June), with Saudi Arabia questioning the scientific value of the UN's 1.5 °C global warming report. No agreement has been reached on the carbon mechanisms enshrined in Article 6 of the Paris Agreement.
Burberry to reduce emissions by 95% through approved 1.5C science-based target
Luxury fashion giant Burberry has joined just a handful of companies in setting a science-based target aligned to the 1.5C trajectory of the Paris Agreement, after committing to reducing its operational emissions by 95% by 2022.
UK looks set to host COP26 in partnership with Italy
The UK has formally proposed its intention to host next year's international COP climate conference as part of a partnership with Italy that will see the latter host a pre-COP event.
The Global Goals: Can the 'long-term North Star' guide businesses to value creation?
At edie Live, experts from the private and public sectors discussed business progress on the Sustainable Development Goals (SDGs). Here, edie explores whether there's still time left for sustainability and energy professionals to harness the Global Goals to truly transform business, for good.
Unilever boss calls for business push on net-zero emissions
Unilever's new chief executive Alan Jope has written to trade associations and business groups that the consumer goods giant is a member of, asking for clarity on whether they believe a transition to net-zero emissions by 2050 is essential.
Carbon Credentials to cut Scope 3 emissions through approved science-based target
Energy and carbon management company Carbon Credentials is ready to walk the walk on climate goals, after having new targets to reduce Scope 3 value chain emissions approved by the Science Based Targets initiative (SBTi).
Logistics giant HAVI sets science-based emissions targets
Global supply chain management and logistics firm HAVI has unveiled a new set of science-based emissions reductions targets, making it one of the first ten firms in its sector to align itself with the Paris Agreement.
Utility leaders support UK bid to host UN climate conference
Leaders in the energy and water sectors have pledged their support for the UK's bid to host the 2020 UN Conference of the Parties climate conference (COP26).
BP shareholders demand climate action, but reject calls for hard targets
An overwhelming vote in favour of climate action at BP's annual meeting yesterday (21 May) shows how activist investors have started to move the oil and gas industry. But it also showed the limits to their appetite for change.
Ecotricity responds to climate emergency with carbon-neutral goal for 2025
Green utilities firm Ecotricity has publicly declared a climate emergency, vowing to "upgrade" its current sustainability commitments to become a carbon-neutral business by 2025.
Chubb sets global science-based emissions targets
The world's largest publicly listed property and casualty insurance firm has set new carbon emission reduction targets, in line with the 2C trajectory outlined in the Paris Agreement.
Low-carbon transition puts $10trn at risk for inactive investors
A global coalition of financial investors has warned that more than $10trn (£7.7trn) in portfolio assets could be lost if the sector and governments fail to rapidly transition to a low-carbon economy.
Sustainable Business Covered podcast: Climate tipping points with Mars, ING, UPS and The Carbon Trust
Episode 62 of the Sustainable Business Covered podcast sees Matt and Sarah deliver interviews outlining how big-name companies in key sectors facing a climate tipping point are radically decarbonising their business to help spur climate action and transition to the low-carbon economy.
UK Government must align funding aid with 'net-zero' to tackle global climate challenges, MPs warn
The UK Government must place climate change at the centre of its foreign aid strategy and funding decisions if it is to help communities abroad mitigate - and adapt to - global climate challenges, a group of MPs have warned.
Report: Fashion sector stalling on sustainability progress, with high street giants holding industry back
The global fashion industry's overall efforts to operate more sustainability have slowed by one-third on a year-on-year basis, with actions failing to decouple emissions from the sector's rapid growth in a way that would align with the Paris Agreement's aims.
Report: Oil and gas firms failing to disclose climate-related financial risks
The world's largest oil and gas firms must disclose more information on the financial risks that climate challenges will pose to their business, or face losing investment and stakeholder trust.
Net-zero emissions by 2050: CCC publishes long-awaited recommendations for UK Government
The UK must "set and vigorously pursue" a bold new climate change target to reduce greenhouse gas emissions to 'net-zero' levels by 2050 – replacing the current target of an 80% reduction against 1990 levels – according to a major new report from the Committee on Climate Change (CCC).
'Government must act now': Green economy reacts to the CCC's net-zero report
Green leaders have come out in force to praise the Committee on Climate Change's report - and requested immediate action from the government on the issues raised from its findings.
High Court dismisses climate case against third runway at Heathrow Airport
The High Court has today (1 May) dismissed five claimants objecting the expansion of Heathrow Airport on grounds including pollution and climate change impacts, a decision criticised in light of the recent declarations of a "climate emergency" in the UK.
Net-zero emissions and a Green New Deal for the UK: Key business questions, answered
The Committee on Climate Change (CCC) is providing its highly anticipated advice on setting a net-zero emissions target to the Government during a time where calls for a Green New Deal continue to grow. Here, edie explores how the UK can set a new standard for climate change policy.
Business leaders call for EU net-zero target
The chief executives from more than 50 businesses, including Ikea, Unilever, Heathrow Airport and Interface have called on the European Union (EU) to create a long-term decarbonisation roadmap for a net-zero economy by 2050.
edie launches SDG Spotlight reports to highlight how businesses can achieve the Global Goals
edie has launched its first SDG Spotlight report, the first of many downloadable reports looking at how businesses can transform operations, services, supply chains and strategies to help achieve the Sustainability Development Goals (SDGs), with the first focusing on Goal 13: Climate Action.
UK's 'creative carbon accounting' breaches climate deal, say critics
The UK is breaching the Paris agreement on climate change by excluding international aviation and shipping figures from carbon budgets, according to a leading NGO.
Verizon targets carbon neutrality by 2035
US-based telecommunications and technology giant Verizon has pledged to achieve carbon neutrality across its Scope 1 (direct) and Scope 2 (electricity and heat) footprints by 2035.
Oxford City Council to create citizens assembly to assist with climate change targets
Following a week of climate-related protests in London, Oxford City Council has announced its intention to become the first UK local authority to create a "citizens assembly" to assist with the establishment of new carbon targets and climate mitigation strategies.
'You did not act in time': Greta Thunberg's full speech to MPs
Read the full text of the speech Greta Thunberg gave to MPs at the Houses of Parliament, originally hosted by the Guardian.
Extinction Rebellion: Role of business in society is being defined by climate change
As thousands of climate protestors continue to blockade key London landmarks as part of the Extinction Rebellion protests, businesses have been warned that action or inaction to combat climate change will define their role in future societies.
Local and regional governments have the answer for the climate change conundrum
How do we meet the goals of the Paris Agreement on climate change? That is the burning question on the minds of countless individuals, and the answers may well reside in our local and regional governments.
UK emissions linked to annual Arctic ice loss larger than four cities
WWF has measured the impact of the UK's carbon emissions on ice loss in the Arctic for the first time, concluding that the nation's 2018 emissions caused the loss of more than 1000km2 of Arctic sea ice.
Shell taken to court over climate impacts and alleged human rights 'violations'
Oil and gas giant Shell is facing legal actions over "slow" progress in reducing its emissions, improving its human rights protections and eliminating oil spills, with green campaign group Friends of the Earth's (FoTE) Netherlands arm claiming its current business model is "wrecking the climate".
Brexit eclipses climate talks in leaked EU summit draft
EU heads of states are expected to reiterate earlier commitments on climate action when they meet in Brussels later this week, despite growing calls from youths across Europe to step up the fight against global warming, according to a draft EU summit statement seen by EURACTIV.
DSM emissions goals approved by Science Based Targets initiative
Science-based reduction targets for greenhouse gas (GHG) emissions have been put in place by global nutrition, health and sustainable living firm Royal DSM.
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