Ocean Renewables Touted as Climate Change Solution (Ind. Report)
Ocean Renewable Energy Action Coalition
The attached report from the Ocean Renewable Energy Action Coalition's (OREAC) Ocean Panel has found that ocean-based renewable energy, such as offshore wind, floating solar, tidal and wave power, could meet nearly 10 pct of the global annual greenhouse gas (GHG) emissions reductions needed to remain on a Paris-compliant 1.5 degrees C pathway in 2050.
The report estimates that up to 85 pct of this decarbonization potential will come from offshore wind. 1,400 GW of offshore wind would power one-tenth of global electricity demand while saving over 3 billion tpy of CO2 -- equal to taking 800 million cars off the road.
OREAC is spearheaded by Orsted and Equinor, and includes other major players in the global offshore wind industry: CWind, Global Marine Group, JERA, MHI Vestas, MingYang Smart Energy, Mainstream Renewable Power, Shell, Siemens Gamesa Renewable Energy, TenneT, and GE Renewable Energy. Additional partner organisations include Global Wind Energy Council, World Resources Institute, UN Global Compact, the Chinese Wind Energy Association and Ocean Energy Systems.
Download the OREAC The Ocean as a Solution to Climate Change report HERE. (Source: OREAC, PR, reve, June, 2020) Contact: OREAC, www.oceanrenewable.com
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28 Major Corporations Set New Level of Climate Ambition (Int'l. Report)
UN Global Compact,Science Based Targets initiative
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
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UN Global Compact
"Climate leadership has never been more important than it is right now, and it is inspiring to see so many diverse companies and brands boldly raising their ambitions. Leading companies are already proving that 1.5 degree C- compliant climate targets are possible." -- Lise Kingo, CEO and Exec. Dir., UN Global Compact.
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, Climate Change
MBP Solutions Leads in UN Global Compact Climate Change Sustainability (Int'l)
UN Global Compact Climate Change
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UN Global Compact Lauds UPM for Sustainability (Int'l Report)
In Finland, Helsinki-headquartered renewable diesel producer UPM Biofuels has been recognized by the United Nations for its commitment to the UN Global Compact LEAD -- "the world's largest corporate sustainability initiative."
The company is one of only 34 to be recognized for its commitment to corporate sustainability.
(Source: UN Global Compact, UPM, Biofuels Int'l, 24 Sept., 2018)Contact: UN Global Compact, www.unglobalcompact.org
; UPM, Liisa Ranta, Manager Sustainability, +358 40 582 9338, www.upm.com
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JLL Surpasses Emissions, Energy Efficiency, Sustainability Targets (Ind. Report)
In its just released Global Sustainability Report
, Chicago commercial real estate services provider JLL Inc. reported exceeding carbon emission reduction goals within its corporate offices and committing to set a Science Based Target by 2020. Reductions achieved on a per corporate office employee basis included a drop in building-related greenhouse gas emissions by 15 pct -- vs a 10 pct target -- building-related energy consumption by 12 pct and rented area by 10 pct.
JLL exceeded its existing targets at the end of 2017, and reported annual performance highlights including:
$82 million in estimated U.S. client project savings through energy efficiency, reducing carbon emissions by roughly the equivalent of removing 77,000 passenger vehicles from the road for a year;
452,000 metric tons of CO2e averted by advising on renewable energy projects saving seven times the amount of energy the firm uses in its own buildings across the world; and
225 sustainable building certifications for clients.
The new targets established in the Building a Better Tomorrow program include:
adopt a common sustainable procurement framework globally by 2020: set a Science Based Target for JLL's global emission reductions, with interim goals including:
reduce building-related GHG emissions per corporate office employee by 2 pct per annum from 2017 to 2019; and
reduce building-related energy consumption per corporate office employee by 2 pct per annum from 2017 to 2019.
JLL will also strengthen partnerships with various external organizations, including the UN Sustainable Development Goals, the UN Global Compact, Green Building Councils, and others.
According to UN estimates, real estate accounts for about 40 pct of the world's energy consumption and a third of all carbon emissions. (Source: JLL, PR, June, 2018) Contact: JLL, Christian Ulbrich, CEO,
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