National Grid, CDP
Date: 2021-12-10
London-headquartered National Grid reports has been recognized for tackling climate change leadership in corporate sustainability by the global environmental non-profit CDP (Carbon Disclosure Project. National Grid was recognized for its actions to cut emissions, mitigate climate risks and develop a low-carbon economy, based on the data it reported through CDP's 2021 climate change questionnaire.

In 2020, National Grid pledged to reduce its Scope3 greenhouse gas emissions (GHG) emissions by 37.5 pct by 2034 and to reduce Scope 1 and 2 GHG by 80 pct by 2030, rising to 90 pct by 2040 and to net-zero by 2050 from a 1990 baseline.

CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over $110 trillion in assets and 200 major purchasers with $5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP's platform. A record-breaking 13,000 companies responded.

Download the full list of companies that made this year's CDP A List , along with other publicly available company scores HERE . (Source: National Grid, Website PR, 6 Dec., 2021) Contact: National Grid, Duncan Burt, Chief Sustainability Officer, +44 (0)20 7004 3000, www.nationalgrid.com ; CDP, Paul Simpson, CEO,

More Low-Carbon Energy News National Grid,  CDP,  Climate Change,  Carbon Emissions,  

Neste, CDP
Date: 2021-12-08
Helsinki-headquartered biofuels producer Neste Oy is reporting receipt of its fifth consecutive annual Leadership level and A- score for its climate action by the non-profit CDP (fka Carbon Disclosure Project). Neste also received good results in CDP's Forests and Water Security assessments, based on the company's climate-related sustainability performance in 2020.

In the results released by CDP on 7 December 2021, Neste is one of a few Nordic companies in the climate leadership level and among the best European companies achieving good results from the committed work on supply chain transparency and land-based metrics in the forest assessments, according to the release.

CDP's Forests assessment analyzes companies' ability to manage and measure forest-related risks and opportunities, transparency and their commitment to actively restore forests and ecosystems. Neste transparently discloses its forest footprint as part of the CDP program. All the palm oil Neste uses has been fully traceable to the plantation level since 2007 and 100 pct certified since 2013. Over the past decade, palm oil's share in Neste's annual renewable raw material inputs has decreased significantly. In the first year-half of 2021, palm oil represented approximately 7 pct of renewable raw material inputs globally. Neste plans to reduce the share of palm oil to 0 pct of its global renewable raw material inputs by the end of 2023, according to Neste. (Source: Neste Oy, PR, 7 Dec., 2021) Contact: Neste Corp.,, Minna Aila, Senior VP, Sustainability and Corporate Affairs, +358 50 458 5076, www.neste.com; CDP, Lance Pierce, Pres. North America, (212) 378 2086, info.northamerica@cdp.net, www.cdp.net

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LG Group,Carbon Disclosure Project
Date: 2021-07-12
Seoul, South Korea-based materials and components manufacturer and an affiliate of the LG Group, LG Innotek reports it reduced greenhouse gas emissions by 11 pct in 2020 from 2019 levels. The total reduction amount is about 45,000 tons (tCO2eq, carbon dioxide equivalent) -- equivalent to the amount of greenhouse gas absorbed by 3.9 million trees in one year. The emission cutbacks were announced in the company's 2020-2021 LG Innotek Sustainability Report.

In achieving the cutback, LG Innotek proactively performed green management activities with the goal of 'zero environmental impact including introducing renewable energy and expanding the application of high-efficiency production facilities to reduce greenhouse gas emissions. LG Innotek also cut its consumption of water resources by 7 pct from the previous year through expanding investment in recycling and water management facilities, according to the report. LG Innotek has an A- rating from the Carbon Disclosure Project (CDP) on climate change for two consecutive years in 2019 and 2020 and on water security for four consecutive years between 2017 and 2020. (Source: LG Innoteck, PR, 12 July, 2021) Contact: LG Innotech, www.lginnotek.com; Carbon Disclosure Project

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Dana Incorporated
Date: 2021-07-12
Maumee, Ohio-headquartered Dana Incorporated reports it will accelerate plans to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by at least 50 pct by 2030 and, to that end, has inked a commitment letter with the Science Based Target Initiative (SBTi) to help set its future emission targets. Dana is aiming to cut more than 300,000 tpy of carbon dioxide emissions.

SBTi is a partnership between the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute, and the World Wildlife Fund. It focuses on partnering with companies to help guide emission reduction initiatives using science-based goals.

Dana Incorporated is an American supplier of axles, driveshafts, transmissions, and electrodynamic, thermal, sealing, and digital equipment for conventional, hybrid, and electric-powered vehicles. The company's products and services are aimed at the light vehicle, commercial vehicle, and off-highway equipment markets. (Source: Dana Incorporated, PR, 12 July, 2021) . Contact: DANA Corp, Doug Reedberg, Chief Compliance and Sustainability Officer, www.dana.com

More Low-Carbon Energy News Carbon Emissions news,  Carbon Disclosure Project news,  

CIBC
Date: 2021-02-26
Following up on our 16 Dec, 2020 coverage, in Toronto, the Canadian Imperial Bank of Commerce (CIBC) reports it has joined the Partnership for Carbon Accounting Financials (PCAF), an initiative led by the financial industry to develop a harmonized global standard to measure and disclose the greenhouse gas emissions (GHG) of loans and investments. Using jointly developed GHG accounting methodologies will help the bank align its targets with the Paris Climate Agreement, according to the bank release.

In 2019, CIBC committed $150 billion in support of environmental and sustainable finance activities by 2027 and has to date achieved 28 pct of this goal. The bank also issued the climate-related disclosure report Building a Sustainable Future aligned with the Task Force on Climate-Related Financial Disclosures.

In 2020, CIBC issued a $500 million(US), five-year green bond to help finance new and existing green projects, assets, and businesses that mitigate the risks and effects of climate change. These include renewable energy, green buildings, clean transportation, natural resource conservation, biodiversity conservation, energy efficiency, and pollution prevention and control. Also in 2020, CIBC ranked among the top-tier of global banks for climate change action by the Carbon Disclosure Project (CDP).

CIBC, which recently became the first Canadian bank to join RMI's Center for Climate-Aligned Finance, has more than 10 million personal banking, business, public sector and institutional clients and $768.545 billion (Cdn) in total assets. (Source: CIBC, Website News, Feb., 2021) Contact: CIBC, Nima Ranawana, 647-456-4556, nima.ranawana@cibc.com, www.cibc.com; Partnership for Carbon Accounting, www.carbonaccountingfinancials.com

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Enviva Biomass, Finite Carbon
Date: 2021-02-17
Bethesda, Maryland-headquartered ENVIVA, a leading global renewable energy company specializing in sustainable wood bioenergy, has announced its goal of achieving net-zero greenhouse gas (GHG) emissions from its operations by 2030.

This commitment to climate action reinforces ENVIVA's core purpose to displace coal, grow more trees, and fight climate change. It sets forth an ambitious plan for eliminating GHG emissions from its operations in keeping with international climate goals, including the Paris Agreement's goal to limit global temperature rise to 1.5 degree C. To that end, ENVIVA will:

Reduce, eliminate or offset all of its direct emissions. Enviva will immediately work to minimize the emissions from fossil fuels used directly in its operations -- its Scope 1 emissions.

Source 100 pct renewable energy by 2030with an interim target of at least 50 pct by 2025.

Drive innovative improvements in its supply chain and proactively engage with partners and other key stakeholders to adopt clean-energy solutions.

Transparently report progress. Enviva will track and publish its progress in reducing its emissions annually and intends to disclose climate-relevant data and risks through CDP (formerly the Carbon Disclosure Project) by the end of 2022.

ENVIVA's sustainably sourced wood is used to manufacture wood pellets as a drop-in alternative to fossil fuels. ENVIVA exports its sustainable wood pellets primarily to the U.K., Europe, the Caribbean and Japan, enabling its customers to reduce their carbon emissions by more than 85 pct on a lifecycle basis, helping them reach their greenhouse gas emissions reduction targets with renewable energy, according to the ENVIVA release. (Source: ENVIVA, PR, 17 Feb., 2021) Contact: ENVIVA Partners, LP, (301) 657-5560, www.envivabiomass.com; Carbon Disclosure Project, CDP, Lance Pierce, Pres. North America, (212) 378 2086, info.northamerica@cdp.net, www.cdp.net

More Low-Carbon Energy News Carbon Disclosure Project,  ENVIVA,  Enviva,  Net-Zero Emissions,  Wood Pellet,  Woody Biomass,  

CIBC, CDP
Date: 2020-12-16
In Toronto, the Canadian Imperial Bank of Commerce (CIBC) reports receipt of a score of A- from the CDP (fka the Carbon Disclosure Project). Improving from a B rating in 2019, this score demonstrates CIBC's progress in environmental performance and reporting. The score also places CIBC among the highest ranking Canadian financial institutions and the top-tier of global banks. As part of CIBC's commitment to support environmental sustainability initiatives, the bank's actions include:

In 2020, increased its GHG emissions intensity target for operations to 20 pct over eight years (using 2018 as a baseline).

In 2020, issued a USD $500 million, five-year green bond to help finance new and existing green projects, assets, and businesses that mitigate the risks and effects of climate change. These include renewable energy, green buildings, clean transportation, natural resource conservation, biodiversity conservation, energy efficiency, and pollution prevention and control.

In 2019, announced a target of mobilizing $150 billion in environmental and sustainable finance activities by 2027.

In 2019, issued the climate-related disclosure report Building a Sustainable Future aligned with the Task Force on Climate-Related Financial Disclosures.

In 2019, set new targets to source 100 pct of its electricity from renewable sources and become carbon neutral by 2024.

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, info.northamerica@cdp.net, www.cdp.net

More Low-Carbon Energy News Carbon Disclosure Project,  CIBC,  CDP,  Climate Change,  

Schlumberger, Science Based Targets
Date: 2019-12-23
In the City of Lights, Schlumberger the world's largest oilfield service company reports it plans redefine is climate change and carbon emissions targets as well as join Science Based Targets, an emission reduction program sponsored by the U.N. Global Compact program, the London-based Carbon Disclosure Project, Washington, D.C.-based World Resources Institute and Switzerland-based World Wildlife Fund by 2021.

According to a company statement, "The energy industry has a key role to play in reducing the effects of climate change. Schlumberger seeks to lead positive, measurable changes in greenhouse gas emissions within the industry to help reduce climate change. The application of our industry-leading environmentally responsible technologies will help drive process efficiency and environmental footprint reduction."

Science Based Targets claims participation from 754 companies around the world. Under the program, participating companies assess and make their emissions reduction goals that are in line with what climate scientists say is needed to meet the goals of the Paris Agreement, a global treaty signed in April 2016 to fight climate change. (Source: Schlumberger, Oil & Gas, Houston Chronicle, 20 Dec., 2019) Contact: Schlumberger, www.slb.com; Science Based Targets initiative, info@sciencebasedtargets.org, www.sciencebasedtargets.org

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ArcelorMittal
Date: 2019-08-02
Belgium-based iron ore, metallurgical coal and steel maker ArcelorMittal reports Carbon Disclosure Project (CDP) has ranked ArcelorMittal first in low-carbon innovations, transition opportunities, data transparency, renewable energy use, and board and executive climate management. The steel and mining company, which ranked fifth in the CDP's 2016 report, was rated second overall in the latest report.

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, info.northamerica@cdp.net, www.cdp.net

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Climate Change
Date: 2019-05-13
In Rio de Janiero, Brazil, the Rio Times is reporting as many as 100 companies are responsible for more than 70 pct of global greenhouse gas emissions since 1988, according to data from Carbon Disclosure Project (CFP) in July 2017.

The 25 largest polluters, responsible for 50 pct of CO2 emissions, are, by descending order: China (state-owned coal production), Aramco, Gazprom, Iranian National Petroleum, ExxonMobil, Coal India, Pemex, Russia (state-owned coal production), Shell, China National Petroleum, BP, Chevron, PDVSA, Abu Dhabi National Petroleum, Poland Coal, Peabody Energy, Sonatrach, Kuwait Oil, Total, BHP Billiton, ConocoPhillips, Lukoil, Rio Tinto, Nigeria National Petroleum, and Petrobras, the only Brazilian company on the list.

The top 100 companies control most of the world's mineral rights, for oil, gas, and coal. Houston is considered the "home" of 7 of these 100 companies, followed by Jakarta, Calgary, Moscow, and Beijing.

(Source: The Rio Times, May, 2019) Contact: The Rio Times, Richard Mann, Contributing Reporter, www.riotimesonline.com

More Low-Carbon Energy News Carbon Emissions,  CO2,  Climate Change,  

ENERGY Star
Date: 2019-04-12
Bollingbrook, Illinois-based appliance manufacturer Beko U.S., Inc. reports receipt of its third consecutive ENERGY Star® Partner of the Year Award in the product brand owner category for its demonstrated energy efficiency best practices and proved organization-wide energy savings. The company was also recognized as ENERGY Star Partner of the Year -- Sustained Excellence Award, the highest honor bestowed to partners that have won consecutive ENERGY Star Partner of the Year awards.

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