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April 20 · Issue #85 · 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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Sweden to set world’s first consumption-based emissions target; U.S. SEC chief expects ‘fair number’ of large companies to disclose Scope 3 data in climate rule; SBTi launches initiative to define net-zero targets for financial institutions; and much more… Welcome to the 85th Edition of the Climate Memo by CarbonChain!
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Sweden to set world’s first consumption-based emissions target
Sweden’s political parties have unanimously backed the world’s first consumption-based emissions target, with the country aiming to hit net zero by 2045.
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U.S. SEC chief expects 'fair number' of large companies to disclose Scope 3 data in climate rule
A “fair number” of the largest U.S-listed companies should be caught by a proposed requirement to disclose third-parties’ greenhouse gas emissions, the chair of the U.S. securities regulator told Reuters Events Responsible Business forum in an interview.
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SBTi launches initiative to define net-zero targets for financial institutions
The Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with climate science, is publishing a Net-Zero Foundations for Financial Institutions paper. The Foundations paper paves the way for the SBTi’s Net-Zero Standard for Financial Institutions, which is due to be launched in early 2023 to bring the clarity and scientific basis the sector needs to align with net-zero by 2050.
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Australia begins long road to retraining thousands of coal workers for Clean Energy roles
The sudden speed of the shift to clean power is forcing Australia, a global champion of coal and gas, to confront one of the energy industry’s biggest challenges — how to transition millions of fossil fuel workers to new roles in wind and solar. Clean energy could create more than 38 million jobs worldwide by the end of the decade.
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Impact investing and the future of capitalism
Sir Ronald Cohen joins Eric Rice from BlackRock Fundamental Equities to discuss how to address the world’s problems through impact investing. Impact investing is a rapidly growing segment within sustainable investing. It aims to channel money toward the companies that have a positive impact on the world in which they operate – and to deliver outperformance for investors in the process.
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Intel targets net-zero emissions by 2040 through $300m energy savings drive
Technology giant Intel has pledged to achieve net-zero greenhouse gas emissions in its global operations by 2040, through renewable energy procurement, green chemical trials and a $300m energy savings investment.
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