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January 18 · Issue #73 · View online
The insider memo for sustainability leaders in the commodities sector.
If you would like help measuring your carbon emissions please visit https://carbonchain.com/contact
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Climate crisis could wipe out 1% of GDP by 2045, President Biden outlines comprehensive plan for federal sustainability, HSBC’s £500m green SME fund officially launches, and much more… Welcome to the 73rd Edition of the Climate Memo by CarbonChain!
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Climate crisis could wipe out 1% of GDP by 2045, UK government admits
The UK Government is forecasting that, without better plans to improve climate resilience, billions of pounds will be wiped off of national GDP in the coming decades, with the costs of inaction set to outweigh the cost of action by 2045.
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President Biden outlines comprehensive plan for federal sustainability
The president’s executive order aims to use the US government’s procurement power to achieve “carbon pollution-free electricity” by 2030 and net zero emissions by 2050.
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HSBC's £500m green SME fund officially launches
HSBC has confirmed that a £500m fund to help small and medium-sized businesses (SMEs) improve on sustainability that was first discussed at COP26 has officially launched today on January 17th.
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ECB bank stress test to take harsher view on climate change
Europe’s banks will be told to brace for a much more rapid fallout from global warming than previously assumed, according to people familiar with the design of this year’s climate stress tests.
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Why corporate decarbonization efforts should span the supply chain
As the climate crisis worsens and calls for corporate sustainability commitments grow louder, companies must take a deeper look at their emissions, including those resulting from their supply chains.
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Green ship fuels have Maersk targeting bigger, faster cuts in carbon emissions
A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, is ramping up plans to eliminate carbon emissions after finding green alternatives to fuel its fleet of ships.
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“Our suppliers must take ESG targets as seriously as we do,” says AECOM Head of Procurement
Interesting talk with Angus Craig, Head of International Procurement at global infrastructure consulting firm AECOM about his goals and challenges.
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