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Shell reduces renewable energy pipeline, raises shareholder payouts

The figures are included in the energy major’s Q4 2023 results, which confirm a 29% year-on-year frop in profits in 2023 to $28bn. This comes after the company posted record…

Study: Food giants not investing in decarbonisation to meet their high-level climate targets

This is according to Ceres’ Food Emissions 50 Company Benchmark, which evaluates companies in the food sector based on their progress in aligning with and accelerating the transition to a…

Why are businesses struggling to verify their science-based net-zero targets?

The answer is almost certainly the latter, with quantitative research by the SBTi and discussions between some of these firms and edie revealing challenges relating to emissions accounting and setting…

Reports: Oil and gas majors continue to slow energy transition and undermine Paris Agreement

Conducted by Carbon Tracker, the analysis assessed 25 of the world’s largest listed oil and gas majors to ascertain whether their recent project sanctions and future strategic plans are aligned…

Concerns mount over loopholes in corporate climate strategies

The 2024 edition of the Corporate Climate Responsibility Monitor, an annual assessment of climate plans from 51 multinational businesses, has revealed that the average large firm is planning for a…

Amid SBTi controversies, WWF says carbon offsets ‘cannot be a substitute’ for decarbonisation

The initiative stated last week that it will soon publish updated guidance on how companies can use ‘environmental attribute certificates’ including carbon credits to account for the delivery of their…

How to navigate the carbon neutrality and net zero minefield

…you allowed to use carbon offsets? Which type should you choose: carbon avoidance/reduction offsets or carbon removal offsets? How do you demonstrate progress while ensuring it does not constitute greenwashing?…