Energy company TotalEnergies announced a new agreement with industrial gases and services supplier Air Liquide, aimed at helping to decarbonize TotalEnergies’ refineries in Northern Europe with green hydrogen. The deal provides for the establishment of two projects, located in the Netherlands, that will produce and deliver some 45,000 tons of green hydrogen annually. TotalEnergies said that the projects will cut…
Post-wildfire restoration company Mast Reforestation announced that it has raised $25 million in a Series B funding round, with proceeds aimed at scaling its expansion into Biomass Carbon Removal & Storage (BiCRS). Founded in 2016, Seattle-based Mast manages and finances reforestation projects after forests are destroyed in fires or other events, and the company has been specializing in carbon-financed reforestation…
The Taskforce on Nature-related Financial Disclosures (TNFD) announced the launch of a new capacity-building platform, aimed at upskilling professionals and businesses to help them identify, assess, report and act on nature-related issues. The TNFD was launched in 2021, building on the success of the Task Force on Climate-related Financial Disclosures (TCFD), to support organizations in reporting and acting on their nature-related…
Food, beverage and snacking companies Nestlé and Mars announced new agreements with New Zealand-based dairy cooperative Fonterra, which will see the companies funding incentives to farmers to lower emissions, and reduce the climate footprint of their dairy supply chains. Both Nestlé and Mars have set targets to achieve net zero emissions across their value chains by 2050. Dairy products constitute…
IKEA parent INGKA Group announced the release of its Net Zero Transition Plan, outlining the company’s key actions and strategies for achieving its goals to reduce greenhouse gas (GHG) emissions across its value chain by 50% by 2030, and to reach net zero by 2050. The new transition plan sets out a detailed roadmap for Ingka Group, which operates 400…
As sustainability becomes a core focus across industries, the terms “carbon credits” and “carbon offsets” often come up in conversations about reducing greenhouse gas emissions. For sustainability managers, understanding the differences and strategic uses of these mechanisms is critical to achieving environmental goals while meeting regulatory and stakeholder expectations. Here’s what you need to know.