By Saskia Feast, managing director of global client solutions at Climate Impact Partners
We are in a climate emergency and companies have a critical role to play in tackling it – some are already taking huge strides, stating clear ambitions, and pushing for greater impact, while others have not yet started, unsure about where to begin and fearful of being criticised if they don’t have a perfect plan. Saskia Feast at Climate Impact Partners discusses why carbon neutrality is a vital piece of the corporate climate action toolkit.
Californian carbon accounting start up Joro has raised $10 million in series A funding to develop an app-based service that helps people monitor and reduce their carbon emissions.
Apple (NASDAQ:APPL) has unveiled new net zero initiatives to decarbonise its global supply chain and product lifecycle. It plans to do so by engaging with its suppliers and expanding its investments in renewable energy and carbon removal.
Chevron (NYSE:CVX) has safely delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo to CPC Taiwan’s terminal at Kaohsiung from the Gorgon project in Australia, the US giant said Thursday.
Japanese financial services group Mizuho has issued a green bond. The €800 million in funds raised will be deployed through subsidiary Mizuho Bank and used for investment in environmental projects, especially renewable energy.
China has published a new green bond framework to address greenwash concerns. While more closely aligned with the International Capital Market Association (ICMA) rules, issues remain that may limit international interest.
Ørsted, which has one of the most successful transition stories, has extended its 100% renewable target to all suppliers by 2025. This will help decarbonise its supply chain and achieve the company’s 2040 net zero target.
Fedex Office is joining the delivery industry in a shift towards EVs, in news of a trial with Ford EVs. Proponents say the shift will improve the bottom line, while addressing urban air pollution and climate change.
Tech giant Microsoft has signed a deal with start-up Heirloom to purchase carbon removal credits after investing in the company earlier in 2022. This could signal a shift in emissions targets from neutral to negative strategies.
