SSE,Scottish and Southern Electricity
Date: 2021-02-03
In the UK, London-headquartered utility Scottish and Southern Electricity Networks (SSEN) Distribution reports it is the first UK Distribution Network Operator to set science-based carbon emissions reduction targets.

Responsible for developing the electricity distribution networks vital to achieve net-zero carbon emissions, SSEN Distribution has signed a commitment letter to set science-based reduction targets for its own operations, which will see the network operator strive to cut emissions further and faster.

A science-based target is a target for greenhouse gas emissions reductions that is set based on the level of reduction that science says is required to prevent the worst impacts of climate change in line with the Paris Agreement -- to limit global warming to well-below 2 degree C above pre-industrial levels and pursue efforts to limit warming to 1.5 degree C. The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wild Fund for Nature. (Source: SSE plc, Website, Jan., 2021) Contact: SSE, Shirley Robertson, ED2 Sustainability Strategy Lead, www.sse.com; Science Based Targets, www.sciencebasedtargets.org

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PepsiCo
Date: 2021-01-15
Beverage giant PepsiCo Inc. is pledging to achieve net-zero greenhouse gas emissions by 2040. The company's goals include curbing absolute emissions across its direct operations by 75 pct and its Scope 3 emissions -- those generated in the supply chain or by customers using the products -- by 40 pct from 2015 levels by 2030. Currently, Scope 3 emissions account for about 91 pct of PepsiCo's carbon footprint, according to Jim Andrew, chief sustainability officer.

PepsiCo's climate goals were approved by the Science Based Targets initiative, a collaboration of leading nonprofits that helps companies ensure their strategies match scientific need. The company has also signed on to the Business Ambition for 1.5 degree C pledge. (Source: PepsiCo Inc., Website PR, Jan., 2021) Contact: PepsiCo, www.pepsico.com/contact; Science Based Targets Initiative

More Low-Carbon Energy News Net-Zero Emissions news,  Carbon Emissions news,  Science Based Targets Initiative news,  

Lenovo
Date: 2021-01-06
As part of its ongoing CO2 Offset Services initiative, computer manufacturer Lenovo is touting its recent carbon offsetting scheme for customer purchases of its Think-branded products worldwide. The offset scheme accounts for emissions produced from the manufacture and shipping of each individual product and up to five years of consumer use. Offsets are delivered through projects overseen by the UN and ClimeCo, -- one of the largest producers of US-based carbon credits.

The programme was initially launched as a pilot in the Nordics in February. During the first nine months, customers helped offset 26,000 tonnes of carbon emissions, the equivalent to almost 1,800 European flights.

. Lenovo is focusing on long-term decarbonisation. Last year, the company set science-based targets to halve emissions from its operations and reduce value chain impacts by 25 pct by 2030, with a view to reaching net-zero emissions by 2050. The new targets have been approved by the Science Based Targets Initiative (SBTi) and are aligned to limiting global temperature rise to 1.5C above pre-industrial levels, as envisioned by the Paris Agreement. (Source: Lenovo, PR, edie 6 Jan., 2020) Contact: Lenovo, www.lenovo.com

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Hannon Armstrong,Partnership for Carbon Accounting Financials
Date: 2020-09-25
Annapolis, Maryland-headquartered climate change solutions investor Hannon Armstrong Sustainable Infrastructure Capital, Inc. reports it has joined the Partnership for Carbon Accounting Financials (PCAF), a global industry-led network of more than 70 financial institutions working to establish a common carbon accounting framework. facilitate a consistent and transparent approach to assess and disclose greenhouse gas (GHG) emissions associated with loans and investments in the financial services industry.

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, investors@hannonarmstrong.com, www.hannonarmstrong.com

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LafargeHolcim
Date: 2020-09-23
The world's largest cement maker LafargeHolcim Ltd reports it is stepping up efforts to cut CO2 emissions 15 pct by 2030 on its way net-zero carbon emissions by 2050.

To that end the company plans to increase the use of low-carbon alternatives in cement mixtures and plans to operate its first net-zero cement plant by the end of the decade. The company presently operates five pilot plants that could potentially meet that goal by 2030.

Swiss-based LafargeHolcim's targets have been approved by the Science Based Targets Initiative which requires companies to set shorter-term goals on the way to reaching net-zero. (Source: LafargeHilcim Ltd., PR, BNN, Sept., 2020) Contact: LafargeHolcim Ltd, Magali Anderson, Chief Sustainability Officer, Stephanie Sulcer, Communications, 847 716 0368, stephanie.sulcer@lafargeholcim.com, www.lafargeholcim.com

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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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Kingspan
Date: 2019-12-06
In the UK, global insulation and building envelopes specialist Kingspan is reporting the launch of its 10-year strategy to address the impact of the company's business operations and manufacturing with commitments to cut its carbon emissions by 45 pct by 2030, as determined in the Paris Agreement, and to contribute to achieving the UN Sustainable Development Goals. Kingspan's strategy includes:

Energy -- powering 60 pct of all Kingspan operations directly from renewable energy with a minimum of 20 pct of this energy generated on manufacturing sites (up from 5.9 pct today)

Carbon -- achieving net zero carbon manufacturing and a 50 pct reduction in product C02 intensity from primary supply partners;

Circularity -- upcycling of 1 billion PET bottles per annum into insulation products plus zero company waste to landfill across all sites;

Water: -- harvesting 100 million liters of Kingspan’s water usage from rainwater.

In 2011, Kingspan announced a Net Zero Energy program with a 2020 target to match 100 pct of its operational energy use with renewable energy. The company is on track to achieve this goal. As part of this program, Kingspan also joined the Science Based Targets initiative, setting a target of 10 pct reduction in Scope 1, 2 and 3 greenhouse gas emissions. (Source: Kingspan, PR, Dec., 2019) Contact: Kingspan, +44 (0)1352 716100, info@kingspanpanels.com, www.kingspan.com

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UN Global Compact,Science Based Targets initiative
Date: 2019-07-24
In a joint press release from the United Nations Global Compact, the Science Based Targets initiative (SBTi) and the We Mean Business have committed themselves to more ambitious climate targets aligned with limiting global temperature rise to 1.5 degree C above pre-industrial levels and reaching net-zero emissions by no later than 2050. The joint commitment from the coalition 28 companies with a total market capitalization of $1.3 trillion heeds the most recent report by the Intergovernmental Panel on Climate Change (IPCC) which warned of catastrophic consequences should global warming exceed 1.5 degree C.

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 kristen@wemeanbusinesscoalition.org www.wemeanbusinesscoaltion.org

More Low-Carbon Energy News Science Based Targets initiative,  UN Global Compact,  Carbon Emissions,  Climate Change,  

Science Based Targets initiative
Date: 2019-06-26
UK-headquartered luxury fashion giant Burberry reports it is targeting a 95 pct reduction in its scope 1 and 2 emissions against a 2016 baseline by 2022, as well as a targeted 30 pct absolute reduction in scope 3 emissions by 2030 against the same baseline. The new commitments expand on an existing goal to become a carbon-neutral operation by 2022.

According to the Burberry release, goals have been approved by the Science Based Targets initiative (SBTi) and are consistent to the reductions required to limit global warming to 1.5C.

Burberry has already achieved carbon neutral status across the Americas region, EMEIA retail stores and its UK operations and has reduced its market-based emissions compared to the 2016/17 year, having recorded a 43 pct over a two-year period. (Source: Burberry, edie, 25 June 2019)Contact: Burberry, www.burberryplc.com/en/contacts.html

More Low-Carbon Energy News Carbon Emissions,  Science Based Targets initiative,  

Schneider Electric
Date: 2018-12-05
In London, energy management and automation specialist Schneider Electric reports it is accelerating its contribution to meeting the UN Sustainable Development Goals and plans to become carbon neutral by 2030.To that end, the company is strengthening its commitments to fighting climate change, based on the following complementary initiatives:

Before 2020: meet the 21 new commitments of the 2018-2020 Schneider Sustainability Impact barometer, outline a specific trajectory based on the assumption that Earth will breach the 2 degree C warming limit by 2050 and validate it through the Science Based Targets initiative, signed by the Group in 2016.

Achieve carbon neutrality by 2030 at its plants and sites, in a cohesive industry ecosystem encompassing both suppliers and clients. To that aim, the Group will; quantify carbon emissions saved by its customers thanks to its EcoStruxure offers; switch to 100 pct renewable electricity, use 100 pct recyclable or reusable packaging, and recover 100 pct of its industrial waste, and; double its energy productivity against a 2005 baseline.

Beginning immediately and by 2050 cut its scope 1 and scope 2 carbon emissions by more than 50 pct vs. 2015, in line with the guiding principles of the Science Based Targets initiative. (Source: Schneider Electric, 3 Dec., 2018) Contact: Schneider Electric Ltd UK, Gilles Vermot Desroches, Sustainability Senior VP , www.schneider-electric.com/uk

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Science Based Targets Initiative
Date: 2018-09-21
At last week's Global Climate Action Summit held in San Francisco, Spanish wind energy giant Siemens Games Renewable Energy announced its commitment to develop a "measurable, science-based emissions reduction target" that will be independently approved and verified by the Science Based Target Initiative.

The Science Based Targets initiative (SBTi) is a joint collaboration between the Carbon Disclosure Project, the United Nations Global Compact, World Resources Institute, the World Wide Fund for Nature, and the We Mean Business coalition, intended to encourage and support companies to commit to making measurable reductions in their carbon emission levels at a scale that actively contributes to meeting the 2 degree C warming target set in the Paris Climate Accord. Nearly 500 companies worldwide have committed to SBTI. (Source: Siemens Gamesa, SBTI, CleanTechnica, 18 Sept., 2018)Contact: Siemens Gamesa Renewable Energy, Markus Tacke, www.siemensgamesa.com; Science Based Targets initiative, info@sciencebasedtargets.org, www.sciencebasedtargets.org

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Fujitsu,Science Based Targets
Date: 2018-07-27
In Tokyo, Japanese IT giant Fujitsu reports it has committed to sourcing 100 pct of its needed electricity for all locations and facilities from renewable energy sources by 2050, and that it is the 140th company worldwide to join the RE100 initiative.

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

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Molson Coors,Science Based Targets Initiative
Date: 2018-07-16
Denver-headquartered beer conglomerate Molson Coors Brewing Company is touting its just released Beer Print Report 2018, detailing the company's progress toward its 2017 sustainability targets and its commitment to setting science-based targets.

Science-based targets provide a path forward for companies to reduce their greenhouse gas emissions to a level that will meaningfully help keep the global temperature increase below 2 degrees C, compared to pre-industrial temperatures.

Molson Coors plans to cut its absolute carbon emissions by 50 pct within its own operations and by 20 pct across its value chain by 2025, and has submitted its plan for official review by the Science Based Targets Initiative. (Source: Molson Coors, PR, BevNet, 12 July, 2018) Contact: Molson Coors, www.millercoors.com; Science Based Targets initiative, www.sciencebasedtargets.org

More Low-Carbon Energy News Science Based Targets Initiative,  Climate Change,  

MacDonalds
Date: 2018-03-21
The fast food juggernaut McDonald's reports the launch of various global "climate science-based" greenhouse gas emissions cutting targets and pledged to reduce emissions from its restaurants and offices around the world by 36 pct by 2030, using 2015 as a baseline year -- a goal approved by the Science Based Targets (SBT) initiative. The burger maker also committed to a 31 pct cut in emissions intensity across its entire global supply chain over the same period. Altogether, it said its SBT pledges will save 150 million metric tonnes of CO2 by 2030.

Under the SBT initiative, companies publicly commit to a detailed emissions reduction goal which is then independently verified as being in line with the trajectory suggested by scientists to give the world a reasonable chance of keeping temperature increases below 2 degree C above pre-industrial levels. (Source: MacDonalds, businessgreen, 20 Mar., 2018) Contact: Science Based Targets initiative, www.sciencebasedtargets.org

More Low-Carbon Energy News Carbon Emissions,  SBT,  Science Based Targets,