Cement sector ‘must double low carbon efforts’

The sector currently accounts for around 6% of global carbon dioxide emissions

More than 100 cities powered mostly by renewables

More than 100 global cities get the majority of their electricity from renewable sources. That’s according to new data from non-profit environmental impact researcher CDP, which reveals 101 cities, including Auckland, Nairobi, Oslo, Seattle and Vancouver, have reported using at least 70% green energy. It adds more than 40 cities, including Burlington, Basel and Reykjavik, […]

Global supply chains go green

A non-profit environmental group has awarded 58 companies a place on its leaderboard of businesses successfully engaging with suppliers to drive down emissions. The number of firms recognised for their efforts on CDP’s second annual Supplier Engagement leader board doubled since last year. These businesses, which include Bank of America, BT, Nestlé, Panasonic, Rolls Royce […]

Investors target top 100 emitters for climate action

Investors with more than $26.3 trillion (£19.6tn) in assets under management have pledged to push the world’s largest corporate greenhouse gas emitters to step up their actions on tackling climate change. The initiative known as Climate Action 100+, launched by 225 institutional investors, led by funds including HSBC Global Asset Management, Australian Super and CalPERS, […]

I’m Lovin’ It! McDonald’s in green supply chain push

Eight new corporations, including global brands McDonald’s and L’Oréal, have joined a green supply chain initiative. They aim to leverage their purchasing power to achieve deforestation-free commodity supply chains as CDP expands its green initiative. The firms include McDonald’s Latin American franchise Arcos Dorados, Swiss fragrance firm Firmenich, Brazilian meatpacker JBS, US healthcare company Johnson […]

First property firm gets science-based targets approved

The first property company in the world has had its Science Based Targets approved. Land Securities, the UK’s largest listed commercial real estate company, has had its commitment to cut emissions by 80% by 2050 certified by the Science Based Targets Initiative (SBTI). The initiative is a collaboration between the WWF, UN Global Compact, CDP and the World […]

Big corporate buyers driving emission cuts in supply chains

The world’s largest purchasing organisations are driving down emissions across their supply chains. That’s according to a new report, which reveals suppliers worldwide reduced 434 million tonnes of Carbon Dioxide last year – equivalent to more than France’s total greenhouse gas emissions in 2014. That led to cost savings of $12.4 billion (£10bn), more than […]

Businesses slow to tackle $14bn of water risk

Companies are not moving fast enough to address the growing water-related risks. That’s according to a report by CDP, formerly Carbon Disclosure Project, which added the cost of financial impacts related to water including is worth $14 billion (£11.2bn). That includes drought, flooding, increased water stress fueled by climate change, tightening environmental regulation and the […]

‘Science-based’ carbon reduction targets reach 200 milestone

The number of companies that have committed to reduce their carbon emissions in line with global efforts to keep warming to well below 2°C has increased to 200. A total of 45 firms have joined the ‘Science Based Targets’ initiative since May this year when the figure stood at 155. According to UN Global Compact, […]

Global corporations ‘failing on Paris ambitions’

Global corporations have begun their transition to a low carbon economy but it is still not enough to meet the goals set in the Paris Agreement. That’s according to a report by Carbon Disclosure Project (CDP), which states some multinationals have set emission targets but others have yet to develop strategies that are compatible with the […]