Microsoft has announced the purchase of 80,000 tons of carbon removals from the Northern California-based Western Rivers Conservancy’s Blue Creek Improved Forest Management Project. The transaction, facilitated by climate solutions provider 3Degrees, is part of Microsoft’s broader initiative to become carbon negative by 2030. The Blue Creek project, managed by Oregon-based non-profit Western Rivers Conservancy...
Climate scenarios are already widely used by corporations and financial institutions to assess climate risks and set pathways to net zero. However, despite the prevalence of these scenarios, less consideration has been given to their use in identifying new opportunities across markets and sectors. This session will help users more effectively draw insights from these...
CO2 per net sales reduction of 21% in 2022 with goal to reduce by over 10% in 2023 Upgraded 2030 climate targets in line with SBTi 1.5°C framework, validated by Science Based Targets initiative CHF 2 billion investment in carbon capture, utilization and storage projects by 2030 to capture more than 5 million tons CO2...
32 technical experts from diverse climate change-related thematic areas, representing various developed and developing countries across Africa, the Americas, Asia, Europe and Oceania met in-person in Bonn for the technical analysis of developing countries’ biennial update reports (BURs) earlier in June. We disclose their most important findings below and you can read the full results...
HeidelbergCement and its Swedish subsidiary Cementa present positive results of a pre-feasibility study for the Slite CCS (carbon capture and storage) project The installation at the Slite cement plant on the Swedish island of Gotland will be scaled to capture up to 1.8 million tonnes of CO2 annually, equalling 3% of the country’s total emissions...
“Today’s report shows that global action to achieve a safe and healthy planet is more urgent than previously thought,” said report author Lorraine Whitmarsh, Director of the Centre for Climate Change and Social Transformation at Cardiff University. “We are not on track to achieve a climate resilient, sustainable world. Urgent action is required to adapt to climate impacts, as well as making deep cuts in carbon emissions.”
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced strong results for the full year 2021 with double-digit EBITDA growth, the highest in more than a decade, coupled with a double-digit increase in sales driven by higher volumes and robust pricing in all core products in all regions. EBITDA margin increased 0.8 percentage points in the year, despite headwinds in energy and import costs. CO2 emissions declined 4.4 percentage points, the largest annual decline the company has ever achieved.
Cementos Argos Receives Gold Medal Awarded by S&P Global in the 2022 Global Sustainability Yearbook, which highlights the companies with the best sustainability practices in the world. The company was included for the ninth consecutive year, thanks to its exemplary environmental, social, and corporate governance practices, and for being recognized in 2021 as the world...