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February 1 · Issue #75 · 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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California Senate passes bill requiring large companies to report Scope 3 emissions; global clean energy investment reaches record heights; Top Bitcoin Miners Pressed by U.S. Lawmakers to Detail Climate Impact, Power Consumption, and much more… Welcome to the 75th Edition of the Climate Memo by CarbonChain!
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California Senate passes bill requiring large companies to report Scope 3 emissions
California would be the first state mandating that corporations with revenue of at least $1 billion track and report all three categories of carbon pollution, including indirect Scope 3 emissions.
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Global clean energy investment reaches record heights
Global investment into clean energy and related technologies reached a new record in 2021, with nations funnelling more than £560bn ($750bn) into solutions that would push them towards national climate goals.
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Top Bitcoin Miners Pressed by U.S. Lawmakers to Detail Climate Impact, Power Consumption
Miners face increased criticism, while Bitcoin’s value has plunged almost 50%. A group of Democratic lawmakers led by U.S. Senator Elizabeth Warren is demanding details from six of the world’s biggest Bitcoin miners about their electricity consumption and greenhouse-gas emissions, a warning shot that comes amid growing concern over the cryptocurrency industry’s environmental impact.
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ExxonMobil’s net zero ambition wins few plaudits
The world’s biggest private-sector oil company has joined the other majors in adopting a net zero emissions ambition. Yet the limited scope of ExxonMobil’s target is unlikely to head off a growing investor backlash.
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All Nippon Airways expands sustainable aviation fuel option to corporate travel r
Corporate customers can now buy SAF and receive certificates for their ESG reporting. ANA has extended its ‘SAF Flight Initiative’ programme to companies and their travellers. The aim is to encourage corporate customers to sign up to the programme to reduce the impact of their travellers’ emissions, and at the same time increase the demand for and use of sustainable aviation fuel.
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Meat firm launches project to measure suppliers' carbon footprint
Dunbia, the UK division of Dawn Meats Group, is investing an initial £1m in a multi-year supply chain project to measure the carbon footprint of 500 UK farm suppliers.
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Dufry sets target for climate neutrality across global operations by 2025
Leading travel retailer Dufry Group has developed a series of SBTi-based goals to reduce its carbon emission footprint. The strategy aims to reduce emissions across Dufry operations and includes targets for suppliers and logistics partners for the years ahead.
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