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Barclays and Standard Chartered shareholders reject climate plans

…the latter. The pledge came with a commitment to reduce absolute financed emissions in the thermal coal sector by 85% by 2030 and pledges to reduce carbon intensity by 63%…

Powering Net-Zero Pact: Energy giants sign collective commitments on social and environmental sustainability

…called the initiative a “coalition of the willing”. Members of the pact are required to meet commitments around reducing emissions, protecting nature, adding value to local communities, guaranteeing fair work…

Staff at businesses taking ambitious climate action report higher job satisfaction, survey finds

…that, while more and more businesses are setting top-level net-zero commitments individually and through forums like the Race to Zero, these commitments have “been slow to translate to employee engagement…

Taking stock of London Climate Action Week

…Chatham House, China Dialogue and E3G. Governments’ commitments to “build back better” after COVID came under close scrutiny at LCAW in 2020 and 2021. LCAW has become a key forum…

Kingfisher sets net-zero target for 2040

…and our commitment to help people living in unfit housing.” Also announced is a new target for 60% of its total sales to come from Sustainable Home Products, which include…

JLR urges suppliers to set science-based climate targets

The British automotive giant set its own approved science-based targets last year. Spring 2021 saw the Science-Based Targets Initiative (SBTi) giving the approval to JLR’s commitments to reduce operational emissions…

From pledges to binding commitments – a review of key milestones in previous COP conferences

…to mobilise US$100 billion annually by 2020 to fund climate action in countries of the global south, on the condition that the latter make meaningful and transparent mitigation commitments to reduce…

Can COP27 rejuvenate the net-zero movement?

…net-zero was the national zeitgeist. It dominated headlines, documentaries and most importantly, business commitments. Currently, the UN’s Race to Zero initiative is the largest-ever alliance committed to achieving net zero…

‘Integrity matters’: UN expert group moves to stamp out net-zero greenwashing at COP27

The High Level Expert Group on Net Zero Emissions Commitments of Non-State Entities was set up by UN Secretary-General António Guterres in March 2022 in order to develop stronger standards…

COP27: Who said what at the World Leaders Summit?

…centred on our commitments.” Paul Kagame, President of Rwanda: “The most valuable contribution that developed countries can make is to reduce their emissions faster while investing in Africa to build…

Global adaptation agendas and African carbon markets: Nine things you need to know from Day Two at COP27

…But as more world leaders took to the plenaries to deliver powerful soundbites and make fresh commitments, what were the takeaway announcements? Here, edie rounds up the seven key stories…

G20 reiterates commitment to delivering 1.5C limit, hints at strengthening national climate targets

…states a commitment to “fully implementing the Glasgow Climate Pact” with a specific reference to raising NDCs as necessary. “Mindful of our leadership role, we reaffirm our steadfast commitments, in…

The growing momentum behind green pensions

…leaders, and analysts the world over are calling for urgent and ambitious proposals to fund the “implementation” of existing commitments to transition the global economy toward a lower-carbon, more sustainable…

Aviva Investors warns it will divest from climate laggards

…its £47.3bn Real Assets Platform by 2040 – a commitment it made by signing up to the Better Buildings Partnership’s Climate Commitment. Aviva Investors will funnel £2.5bn into low-carbon into…

Shell reaches peak oil and emissions as it plots net-zero pathway

…with a 1.5C trajectory. The firm has now built on these top-level commitments with an updated business strategy, designed to “accelerate [Shell’s] transformation into a provider of net-zero emissions energy…

Nestlé and Mondelēz among chocolate giants facing child slavery lawsuit over supply chain practices

…actively misled the public, overstating their commitments to tackle child labour in the supply chain. A particular point of contention was the Harkin-Engel Protocol – a voluntary industry commitment made…

PAS 2060 supporting carbon neutrality commitment

…demonstrate the credibility of the event’s carbon-neutral label. Bentley Motors’ 5-year commitment Luxury car manufacturer, Bentley Motors Limited, has made a commitment to maintaining carbon neutrality across its manufacturing, testing,…

EDF and JPMorgan Chase collaborate to power the firm’s UK operations with 100 percent renewable energy in real time

JPMorgan Chase and EDF, Britain’s biggest generator of zero-carbon electricity, announced a collaboration to help power JPMorgan Chase’s UK offices with 100 percent renewable electricity in support of its commitment

Ferrero unveils fresh commitments to sustainable packaging ahead of Christmas

…Pact has been signed by 15 national governments, 82 businesses, three regional governments and 43 other organisations including NGOs, trade associations and investors. It consists of commitments to ensure that…

Report: Net-zero targets from corporates becoming more ‘genuine’

…of their climate commitments and progress to date. In the 2020 edition of the report, just 14 businesses were classed as having ‘genuine’ net-zero targets. This edition shows that this…