Toronto-headquartered CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients and $768.545 billion (Cdn) in total assets.
(Source: CIBC, PR, 14 Dec., 2020) Contact: CIBC, www.cibc.com/en/about-cibc/corporate-responsibility/environment.html; CDP, Lance Pierce, Pres. North America, (212) 378 2086, firstname.lastname@example.org, www.cdp.net
More Low-Carbon Energy News Carbon Disclosure Project, CIBC, CDP, Climate Change,
The 3 wind farms, located in the Avignon RCM in Gaspesie and the Appalaches RCM in eastern Quebec, are equipped with Enercon turbines and have long-term PPAs with Hydro-Quebec Distribution, expiring between 2032 and 2033 with a weighted average remaining contract duration of nearly 12.5 years.
As part of the acquisition, Boralex will pay $121.5 million cash to CDPQ on closing, which may be supplemented by a conditional consideration of up to $4 million subject to the settlement of certain future conditions that need to be met. The closing is expected to take place at the end of November 2020, subject to standard closing conditions. With this transaction, Boralex's installed capacity will be 2,212 MW.
(Source: Boralex Inc., Website, PR, 19 Nov., 2020)
Contact: Boralex, Patrick Lemaire, Pres., CEO, (514) 985-1353, www.boralex.com; CDPQ, 514 847-5493, www.cdpq.com
More Low-Carbon Energy News Boralex, Wind, CDPQ,
O2 Power is a $500-million renewable energy platform with an 800 MW solar portfolio in Andhra Pradesh and Rajasthan, according to the company website. (Source: O2 Power, Mint, 27 Sept., 2020)
Contact: Azure Power, Ranjit Gupta, CEO, +91-11-4940-9854, email@example.com, www.azurepower.com; O2 Power, info@O2power.in, www.O2power.in; Ayana Renewable Power, +9180-48511001, www.ayanapower.com
More Low-Carbon Energy News O2 Power, Ayana, Azure Power, Solar,
Launched in 2019, PCAF will offer a consistent approach to portfolio carbon accounting that provides financial institutions the information required to inform actions and strategy, set climate targets, assess climate transition risks, and disclose progress. This approach feeds into the work of other climate disclosure guidelines and reporting initiatives, such as the Task Force on Climate-related Financial Disclosures (TCFD), Science Based Targets initiative (SBTi), and CDP, according to the release.
As of December 31, 2019, Hannon Armstrong's investments have avoided 3.2 million metric tpy of CO2e. .
The company is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of June 30, 2020. Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns
(Source: Hannon Armstrong, Website, PR, Sept., 2020) Contact: Partnership for Carbon Accounting Financials, www.carbonaccountingfinancials.com; Hannon Armstrong, Jeffrey W. Eckel, CEO, . (410) 571-6189, firstname.lastname@example.org, www.hannonarmstrong.com
More Low-Carbon Energy News Hannon Armstrong, Partnership for Carbon Accounting Financials, Carbon Market, Carbon Emission,
CDPQ holds a 50.9 pct stake in Azure Power which has a pan-India portfolio of more than 7 GW.
Actis is a global emerging markets investment firm focused on the private equity, energy, infrastructure, and real estate asset classes. It has a growing portfolio of investments across Asia, Africa, and Latin America and US$12 billion in assets under management.
(Source: CDPQ, livemint, July, 2020) Contact: KKR, www.kkr.com; Actis. www.actis.is; Azure Power, www.azurepower.com; CDPQ, 514 847-5493, www.cdpq.com
More Low-Carbon Energy News Caisse de depot et placement du Quebec , Solar, Azure Power ,
Under the terms, CDP Equity will own 51 pct of the new entity, and Eni Rewind, a subsidiary of the energy company, will hold the remaining 49 pct.
(Source: EC, CDP Equity, May, 20200
Contact: CDP Equity, www.en.cdpequity.it; Eni SpA, www.eni.com
More Low-Carbon Energy News Eni SpA, Waste-to-Energy , CDP Equity,
The total was raised from Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) through sale of 6,493,506 equity shares at $11.55 per share.
CDPQ's equity interest in Azure Power now stands at 49.4 pct.
Azure Power has a pan-India portfolio of more than 3 GW. (Source: Azure Power, PV Mag., 17 Dec., 2019) Contact: Azure Power, Ranjit Gupta, CEO, +91-11-4940-9854, email@example.com, www.azurepower.com
More Low-Carbon Energy News Azure Power, Solar,
To that end, Cargill is focused on targeted supply chain interventions, programming and policy solutions benefiting farmers, customers and the broader food system including: accelerating sustainable progress in beef, advancing soil health, reducing carbon for sustainable shipping and Protecting forests in partnership with farmers . Cargill has also reinforced its intent to prioritize climate change concerns through pledging to the CEO Climate Statement, signing on to the We Are Still In coalition to continue supporting the Paris Climate Accord and convening at this week's UN Climate Change Conference COP25 in Madrid.
The commitment to reduce greenhouse gas emissions (GHG) from its global supply chain by 30 pct per ton of product by 2030, in combination with the previously announced operational goal to reduce absolute emissions by 10 pct , has been approved by the Science Based Target initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
(Source: Cargill, PR, 3 Dec., 2019) Contact: Cargill, David MacLennan, CEO, Frank van Lierde, Exec. VP, www.cargill.com
More Low-Carbon Energy News COP25, Cargill, Carbon Emissions, Climate Change,
The RE100 initiative and its partner companies are committed to 100 pct renewable power and a low carbon economy.
Accordingly, JinkoSolar will power all of its solar plants and global operations with 100 pct renewable power by 2025. By 2030, the Company will deploy an energy management system across its operations and improve its energy productivity by 30 pct when compared to 2016. JinkoSolar has also signed up for the EP100 Cooling Challenge to increase the energy efficiency of its cooling operations.
(Source: JinkoSolar Holding Co., Ltd., PR, 25 Sept., 2019) Contact: Climate Group's global EP100 initiative, www. theclimategroup.org/EP100; Jinko Solar Holding Co. Ltd., Ripple Zhang,
+86 21-5183 3105
firstname.lastname@example.org, www.jinkosolar.com; CDP, RE100, www.RE100.org
More Low-Carbon Energy News JinkoSolar, Renewable Energy,
The new CDP report is based on detailed analysis across a range of carbon and transitional indicators that could have a significant impact on company performance.
ArcelorMittal recently announced its ambition to cut CO2 emissions globally and be carbon-neutral in Europe by 2050. The company is currently aiming for an 8 pct carbon footprint reduction by 2020. (Source: ArcelorMittal, Noria News, Reliable Plant, July, 2019) Contact: ArcelorMittal, Alan Knight, Corporate Responsibility GM, +32 9 347 31 11,
www.corporate.arcelormittal.com; CDP, Lance Pierce, Pres. North America, (212) 378 2086, email@example.com, www.cdp.net
More Low-Carbon Energy News ArcelorMittal, Carbon Footprint, CDP, Climate Change, Carbon Emissions,
Participating companies include: Acciona, AstraZeneca, Banka BioLoo, BT, Dalmia Cement Ltd., Eco-Steel Africa Ltd., Enel, Hewlett Packard Enterprise, Iberdrola, KLP, Levi Strauss & Co., Mahindra Group, Natura &Co, Novozymes, Royal DSM, SAP, Signify, Singtel, Telefonica, Telia, Unilever, Vodafone Group PLC and Zurich Insurance, amongst others, collectively representing over one million employees from 17 sectors and more than 16 countries.
(Source: UN Global Compact, PR, COMTEX, 23 July, 2019) Contact: UN Global Compact, (212) 907-1301, www.unglobalcompact.org; Science Based Targets Initiative, +44 (0) 20 3818 3916,
Sarah.Savage@cdp.net, www.sciencebasedtargets.org; We Mean Business Coalition, Kristen King, (904) 608- 1745
More Low-Carbon Energy News Science Based Targets initiative, UN Global Compact, Carbon Emissions, Climate Change,
The report ranks 18 of the largest publicly listed shipping companies, representing $62 billion of market capitalization, on business readiness for a low-carbon transition. CDP's analysis finds maritime innovation trends currently focus on technologies and fuels that only deliver marginal improvements; the shipping sector has poor rates of disclosure with only 5 companies completing CDP's 2018 Climate Change questionnaire; and board level oversight of climate issues is very low with only 3 companies having board level climate committees.
According to the report, shipping accounts for up to 3 pct of global emissions and 10 pct of transport emissions while transporting around 80 pct of the world's trade in physical goods.
(Source: IMO, CDP, 25 June, 2019) Contact: CDP, Carole Ferguson, Head of Investor Research, www.cdp.net;
IMO, Stefan Micallef, Director of Marine Environment Division, +44 (0) 20 7735 7611, www.imo.org
More Low-Carbon Energy News International Maritime Organization, IMO, Maritime Emissions, CDP,
Beko U.S. is a subsidiary of Istanbul, Turkey-based Arcelik A.S., which earned "Climate A List Company -- Global 2017 Climate & Water Leadership Award" from the Carbon Disclosure Project (CDP). The company was rated AAA by MSCI Global Sustainability Index Series.
Beko U.S., Inc. manufactures highly energy efficient home appliances.
(Source: Beko U.S., Inc. PR, 9 April, 2019) Contact: Beko US Inc., , Hasan Ali Yardimci, Pres., Beko U.S., Inc. www.bekoappliances.com
In addition to joining RE100, PwC has also committed to offsetting unavoidable emissions linked to air travel by investing in a range of voluntary carbon offsets. PwC network firms will select from a portfolio of offsetting projects to reflect their local priorities.
Amongst the project portfolio are a biodiversity reserve in Borneo, a wind farm in Turkey, a cook stove project in China and a landfill gas project in New York state generating electricity for 18,000 homes and creating 420 acres of new wetlands.
(Source: PWC, The Financial, 17 Oct., 2018)Contact: PricewaterhouseCoopers, www.pwc.com; RE100, www.thre100.org; CDP, www.cdp.net
More Low-Carbon Energy News CDP, RE100, PwC, Carbon Emissions, Renewable Energy,
The global RE100 initiative aims to support and bring together companies making 100 pct renewable energy commitments formed by The Climate Group in partnership with CDP -- fka Carbon Disclosure Project.
Fujitsu's renewable move is in keeping with the company's medium- to long-term environmental effort to lower its CO2 emissions to zero by 2050. The company's carbon emissions target was approved by the Science Based Targets initiative last August.
(Source: Fujitsu, CleanTechnica, 24 July, 2018)
Contact: Fujitsu Ltd., Public Relations, +81 3 3215 5259, www.fujitsu.com; Science Based Targets initiative, www.sciencebasedtargets.org
More Low-Carbon Energy News Science Based Targets, Fujitsu, Renewable Energy,
The SBTi is a collaboration among CDP (f.k.a. Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered "science-based" if they are in line with the level of decarbonization required to keep global temperature increase below two degrees C compared to pre-industrial temperatures.
Caesars Entertainment has committed to
reduce absolute Scope 1 and 2 emissions 30 pct by 2025, and 95 pct by 2050 from a 2011 base year. Since 2011, Caesars
has reduced its total GHG emissions by 22.9 pct. (Source: Caesars Entertainment Corporation, Hotel Business, 7 June, 2018) Contact: Caesars Entertainment Corporation, www.caesarscorporate.com; Science Based Target initiative, www.sciencebasedtargets.org
More Low-Carbon Energy News Science Based Target initiative, Carbon Emissions ,
The survey also found that a majority of companies overall have board oversight of climate-related issues, only 10 pct provide financial incentives for directors to manage the risks and opportunities. The largest percentage of companies offering incentives was found in Germany. Companies in the UK, France and Germany lead in giving information across three of the four areas of governance, risk management, metrics and targets stated by the Task Force on Climate-related Financial Disclosures. In North America, the US had the lowest proportion using and preparing to use carbon pricing, 15 and 9 pct respectively, and, at 66 pct, the lowest percentage of companies with board oversight. Canada had the lowest percentage offering the incentives, at 2 pct, and the second lowest proportion providing low-carbon products or services enabling avoided emissions, at 54 pct.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
(Source: CDP, TriplePundit, 9 April, 2018)
Contact: CDP, Lance Pierce, Pres. North America, (212) 378 2086, firstname.lastname@example.org, www.cdp.net
More Low-Carbon Energy News CDP, Climate Change, Carbon Emissions,
Under the new three-year partnership, Schneider Electric will focus on optimizing utility contracts and rates in addition to standardizing risk management.
The new partnership builds on earlier energy efficiency-focused efforts, which helped Albea meet its 15 pct energy consumption reduction goal. Schneider Electric also previously helped Albea to improve CDP reporting, which resulted in improving company ratings from C to B. (Source: Schneider Electric, Power Tech., 10 April, 2018) Contact: Albea SA, www.albea-group.com; Schneider Electric, www.enable.schneider-electric.com
More Low-Carbon Energy News Schneider Electric, Energy Efficiency,
According to the findings, carbon emissions in supply chains are four times greater than those of a company's direct operations. Of those responding to CDP, over 75 pct of suppliers identified some climate change risks to their business, and more than 50 pct said they have integrated climate change into their business strategies. The number of companies that address emissions in their supply chains doubled within a year, with emission reductions totaling 551 million metric tonnes of CO2.
The report also compares the efforts of suppliers in eight major economies to mitigate environmental risk. It finds that 80 pct of companies in France are likely to have climate change integrated into their businesses. Japanese companies have the highest rates of disclosure, and are the most likely to set emissions reduction targets. Of the organizations on the Supplier Engagement leader board, 33 pct are from the US, followed by 15 pct from the UK. (Source: CDP, PR, UNFCCC, Feb., 2018) Contact: CDP, Lance Pierce, Pres. North America, (212) 378 2086, email@example.com, www.cdp.net
More Low-Carbon Energy News CDP, Carbon Emissions, CO2,
In total, the companies disclosing their data to CDP have been able to reduce their CO2 emissions by 434 million tonnes over the last year, which is more than France's annual global greenhouse gas emissions.
The CDP A List focuses on investors, companies and cities taking urgent action to build a sustainable economy by measuring and understanding their environmental impact. To achieve this, CDP runs the global disclosure system that enables companies, cities, states and regions to measure and manage their environmental impacts, and has built the most comprehensive collection of self-reported environmental data in the world. The CDP's network of investors and purchasers, representing over $100 trillion, along with policy makers around the globe, use CDP data and insights to make better-informed decisions.
(Source: CDP, Nestle, Consumer Healthcare News, 31 Jan., 2018) Contact: Nestle, www.nestle.com; CDP,www.cdp.net
More Low-Carbon Energy News CDP, Carbon Disclosure Project, Carbon Emissions, Climate Change,
CDP, formerly the Carbon Disclosure Project, is an international non-profit that runs a global disclosure system for investors, companies, cities, states and regions to help manage their environmental impacts.
(Source: CDP, CN, Railway Age, 30 Jan., 2018)
Contact: CDP, (212) 378 2086, firstname.lastname@example.org, www.cdp.net; Canadian National Rail, (514) 399-4821, www.cn.ca
More Low-Carbon Energy News CDP, Carbon Emissions, Canadian National Rail,