International banking group Standard Chartered announced today a new commitment to set a science-based target by 2025 to reduce financed methane emissions from the oil and gas sector. Rapid reduction in methane emissions is seen as one of the most effective near-term actions that can be taken to help achieve the global climate goal to limit warming to 1.5°C. Methane…
Sustainability advisory firm ERM announced today the launch of ERM Climate Markets, a new business aimed at helping companies investing in carbon credits to address their unabated greenhouse gas emissions and achieve decarbonization goals. The new business line comes as demand for carbon offset projects and related credits is expected to increase significantly over the next several years, as companies…
More than a third of companies in the S&P 500 have monetary incentives in place linked to company emissions reduction, although a lower proportion have climate-related compensation incentives for senior executives, and even fewer at the top executive ranks, according to a new study released by S&P Global. The study, which included data from the S&P Global Sustainable1 Net-Zero Commitments…
Snacking, food, and pet care products provider Mars announced today the launch of “Moo’ving Dairy Forward,” a new initiative aimed at reducing the carbon footprint of its dairy sourcing, backed by $47 million of investment over three years. The new initiative follows the launch by Mars last year of a series of new climate-related goals, including a target to cut…
Amazon announced that it has rolled out a new fleet of heavy duty all electric trucks in Southern California, forming part of the company’s efforts to decarbonize its delivery operations and achieve its net zero climate goals. Amazon has announced a series of initiatives aimed at decarbonizing transportation across its business, targeting areas including increasing fleet efficiency, expanding the use…
Sustainability management solutions provider Optera announced today the launch of its Outreach module as part of its Supply Chain Manager solution, adding new capabilities aimed at helping companies to efficiently collect emissions data from suppliers. The new capabilities come as companies globally face increasing regulatory pressure to report on their scope 3, or value chain, emissions, with emerging sustainability reporting…
Virgin Atlantic announced the release of results from Flight100, the first ever transatlantic flight by a commercial airline using 100% sustainable aviation fuel (SAF), including revealing that the use of SAF reduced CO2 emissions by 64%. Virgin Atlantic conducted the flight in November, as part of a consortium that included Rolls Royce, Boeing, University of Sheffield, Imperial College London, ICF…
Canadian enforcement agency Competition Bureau Canada has launched an investigation into athletic apparel company lululemon following complaints of alleged misleading green claims by the company. A Competition Bureau spokesperson confirmed the investigation “into the alleged deceptive marketing practices,” in an emailed statement to ESG Today, noting that “there is no conclusion of wrongdoing at this time.” In a statement provided…