Southwest Airlines today announced an updated sustainability strategy, Nonstop to Net Zero, which outlines the carrier’s path toward its goal of achieving net zero carbon emissions by 2050, and including a series of new goals, ranging from electrification and fuel savings to plastic reduction. and supporting a more sustainable future for air travel. Key pillars of the airline’s sustainability strategy…
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, announced today the results of a review of the compliance of fund managers with regulatory requirements on the design and disclosure of ESG and sustainable investment funds, indicating that many firms do not yet meet expectations, and that products are often not…
Investors are increasingly concerned about corporate greenwashing, with nearly all reporting that they believe corporate reporting on sustainability performance contains unsupported claims, according to a new survey by global professional services firm PwC, which also found that investors want more information on the cost of companies’ ESG commitments, and on the impact of their portfolio companies on the environment and…
JPMorgan Chase announced updates to its interim financed emissions reduction targets for three carbon-intensive sectors, including Oil & Gas, Electric Power and Auto Manufacturing, raising the ambition for each to align with pathways required to achieve net zero by 2050. The updated targets were unveiled with the release of the firm’s 2023 Climate Report, which also included net zero 2050-aligned…
Sweden-based truck and bus manufacturer Scania and Sweden-based global steel company SSAB announced today a new agreement for fossil-free steel, including a target to decarbonize all steel deliveries from SSAB to Scania’s heavy-duty vehicles in 2030. SSAB is the main steel supplier for Scania’s vehicles. Steelmaking is one of the biggest emitters of CO2 globally, with total greenhouse gas emissions…
Clean energy solutions provider DSD Renewables announced today a $250 million strategic investment from broadband, automotive, and media company Cox Enterprises, aimed at supporting DSD’s growth as accelerate its renewable energy deployment. Founded within GE in 2012 as GE Solar, and rebranded as DSD Renewables in 2019, Schenectady, New York-based DSD provides a “one-stop shop” for custom, large-scale commercial, industrial…
DHL Group’s contract logistics division DHL Supply Chain announced today the launch of a new global Green Transport Policy, aimed at setting a global sustainability standard for its transport fleet and substantially reducing emissions, and including a has commitment to invest an additional €200 million (USD$217 million) in investment in fossil fuel alternatives over the next three years. The release…