Wells Fargo (NYSE:WSC) has issued its second sustainable bond, raising $2 billion to fund projects in housing, renewables and clean transport.
Net Zero Business News
After a backlash from the announcement of the DR Congo’s oil auction in the country’s most important biodiversity areas, the DR Congo government has announced it will open up the auction to crypto and carbon offset companies to buy up the auction zones and halt oil exploration.
Ørsted, which has one of the most successful transition stories, has extended its 100% renewable target to all suppliers by 2025. This will help decarbonise its supply chain and achieve the company’s 2040 net zero target.
Global maritime and logistics company Crowley is pushing sustainability through its value chain, using sustainability ratings provider EcoVadis' ratings and collaborative tools. It will help Crowley and its suppliers set, improve and achieve their ESG goals - reflecting the growing importance of Scope 3 emissions management.
High emitters are recognising an opportunity to address their transition to a low carbon future, through the use of green, social, sustainable and sustainable-linked (GSSS) debt. The real estate sector is taking advantage of the opportunity.
India has announced new, stronger climate targets putting further pressure on economic transition. While compliant with the Paris Agreement, India’s history of setting and missing ambitious targets begs the question if the new targets are for real, or just for show.