BNP Paribas (PAR:BNP) has set a target for low-carbon energy activities to account for over 80% of its loan portfolio, largely by limiting its backing to oil projects. It will, however, continue financing gas-related activities, while there are no plans yet regarding oil refining.
Major US and Canadian banks are being asked by shareholders and climate action groups to take action on global net zero targets by reducing their lending to the fossil fuel industry, and to set and publish interim emissions reduction targets for 2030.
The circular economy is seeing a renaissance of Product-as-a-Service (Paas) offerings which will be pivotal in solving net zero challenges and limiting biodiversity loss, according to Goldman Sachs (NYSE:GS). This is not just about recycling, analysts stressed, providing examples of companies providing Paas across various industries.
Zurich Insurance Group (SWX:ZURN) has partnered with South Pole to provide a new climate change related offering to companies, focusing on risks, mitigation and adaptation.
The Western Australian government today signed a new Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC) covering hydrogen, ammonia, low emission technology and decarbonisation.
ECL’s modular data centre design claims to be more cost-effective than the traditional co-location sites, as well as being the first "fully-green, hydrogen-powered, off-grid" data centre offering, These claims may depend on whether the hydrogen cells provided by its suppliers are produced by renewable energy.
Denmark’s largest bank, Danske Bank (COP:DANSKE), will stop funding new upstream oil and gas projects as part of its net zero commitment, focusing instead on the green energy transition. Many major banks that have made similar commitments continue to finance new fossil fuel projects, which are not aligned with a net zero by 2050 scenario.
The Global Investor Commission on Mining 2030 is intended to address the systemic risks faced by the mining sector, which challenge the role it needs to play in the low carbon transition.
Business leaders do not believe their peers’ ESG reporting, according to a new survey, showing widespread scepticism driven by a lack of trust and verifiable data.
When businesses invest in the emotional well-being of their employees, everyone benefits, not just those struggling – including the companies themselves. Jarell Bempong, Psychotherapist, Counsellor, Life Coach, Public speaker, Author and Trainer, explores how and why mental health issues can and should be addressed in the workplace.
