Cows. Innocent as they may seem, they are one of the world’s biggest sources of carbon emissions. In fact, meat business and dairy industry were expected to outpace the fossil fuel industry in contributing to the climate emergency, reports said. And so in the U.S., a dairy organisation has launched an industry-wide effort to target net zero carbon by 2050. …
Carbon negative brewery double offsets with “carbon-negative crew”
“Carbon negative BrewDog, a UK independent beer brand that has breweries in Australia, Germany, Scotland, and the U.S., has committed to “double offset” its carbon footprint through its crew. “As well as helping our team members calculate their carbon footprint we help them track it too and we work with our lead scientific advisor Professor Mike Berners-Lee to give them …
“Transform the way world produces, consumes” — FAO on sustainable agriculture
The world needs to work together to transform the way we produce, consume, and think about food, said Beth Bechdol, deputy director-general at the UN Food and Agriculture Organization (FAO) in the 2020 Sustainable Agriculture Summit. “This is an agenda that must be owned by everyone,” said Bechdol during her keynote address at the virtual summit. Farmers comprised a quarter …
Institutional investors expect companies to intensify ESG efforts despite COVID-19
Despite the COVID-19 pandemic, 95% of Canadian institutional investors expect companies to intensify Environmental Social and Governance (ESG) integration across their operations and leadership. This is based on the 2020 Edelman Trust Barometer Special Report, which also reported that 95% of the investors deprioritized ESG considerations due to the economic implications of COVID-19 on the businesses they invest in. The …
What happens if companies ignore financiers’ carbon targets? Novartis, Aviva weigh in on carbon offsetting FAQs
Investors, banks and insurers are now demanding transition plans and roadmap on how companies are going to reach their carbon targets. Companies now racing to offset their emissions (sustainability plans, carbon offsetting) are creating a surge in demand for credible offsets. What about those left in the dark? Financial risks of ignoring carbon offsetting and net zero Reputation and funding …
Financial firms’ climate disclosures up 40% in Canada
Financial firms publicly reporting climate-related disclosures increased 40% since 2017 in Canada, a study by the Global Risk Institute in Financial Services (GRI) has shown. The disclosures were in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations. The firms included major Canadian banks and pension funds. According to a statement, the study examined trends in climate-related financial …
ALDO Group is climate neutral for third year
Fashion footwear company The ALDO Group has received for the third consecutive year its climate neutral certification from South Pole – a provider of global sustainability services. The ALDO Group purchases carbon credits from high-impact emission reduction initiatives. It supports clean energy projects in India and China, as well as a nature-based forest conservation project in the Amazon basin, according …
Australia climate strategy may shift under new US president — expert
When U.S. president-elect Joe Biden takes over the White House, Australia climate strategy will likely shift as the country may face constant criticism in its inaction toward climate policies, wrote an expert. Australia’s Prime Minister Scott Morrison has “benefitted from a cosy relationship” with the Trump administration, as Australian governments tore up climate policies and failed to implement new ones, …
Volkswagen plans to convert an island’s transport to fully electric
Volkswagen is partnering with the Greece government in a pilot project to transform the transport system of an entire island into a fully electric mobility, according to reports. Electric vehicles will replace the cars, trucks, motorcycles, and buses in the island in the southeastern Aegean Sea in the coming two years. Volkswagen will provide the electric vehicles that will be …
AI potential seen in decarbonisation efforts
AI potential can help in decarbonisation efforts, said UK researchers. Machine learning advancements and removing waste in the electric vehicle industry could be the answers to net-zero transition, according to fellows at the University of Birmingham in the UK. Research Fellows at the Lloyds Banking Group Centre for Responsible Business are turning their focus to key elements in the transition: …