U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
Launched in 2015, the Science-Based Targets Initiative (SBTI) champions science-based carbon reduction target setting.
Science-based targets (SBTs) specify how much and how quickly companies need to reduce GHG emissions to avoid a global
temperature increase when compared to pre-industrial levels. The SBTI framework is the most comprehensive and rigorous
available to companies seeking to rapidly decarbonize, and the SBTI also offers resources, workshops and guidance to reduce
barriers to sustainable action.
Already, 93 percent of global commercial and industrial companies have energy efficiency technologies in place. Meanwhile, adoption of combined heat and power (CHP) systems and battery storage increased at a similar rate to renewables: up 11 percent in 2019 from the previous year. These companies realize emissions are inextricably linked to energy consumption, which can be a major contributor to net corporate expenditure and a hurdle for low-carbon growth. In fact, a recent International Energy Agency study shows that efficiency improvements can yield up to 13.8 percent growth in annual profits.
General Motors has earned a spot on the U.S. Environmental Protection Agency’s National Top 100 List of the largest green power users from the Green Power Partnership. Ranked No. 29, GM is the only automotive company on this list. GM is also No. 6 on the GPP’s Top On-Site Generation list and No. 14 on EPA’s list of Green Power Partners from the Fortune 500®.
General Motors has won the title of 2018 Biggest Loser in the Michigan Battle of the Buildings competition for its energy and water reduction efforts at three Michigan sites. Over 1,000 buildings across the state competed in the year-long energy and water reduction competition hosted by the U.S. Green Building Council of West Michigan (USGBC-WM).
DSM believes that taking climate action is both a responsibility and an opportunity. That’s why we improve our own environmental impact, enable the same for our customers, and advocate a progressive climate action agenda.
Lockheed Martin today released its 2018 corporate sustainability report, “The Science of Citizenship.” The peer-recognized report details the corporation’s approach to sustainability, which incorporates sound science and future-oriented thinking to address pressing environmental, social and governance issues.
Disruptive changes in today’s global energy landscape shape a new economy that is hyper-efficient and low-carbon. In this new energy paradigm, efficiency becomes a lever for profitability and growth – and more companies are taking notice. Already, 96 percent of companies have energy efficiency technology. The pace of adoption in renewables and energy storage has also accelerated: up 11 percent from the previous year. While technology may be an enabler, many companies struggle to translate these investments into long-term growth.
HanesBrands’ commitment to be an international leader in energy management and eco-friendly business operations has earned the company its 10th consecutive U.S. Environmental Protection Agency Energy Star Sustained Excellence/Partner of the Year award for continued success in energy conservation, carbon emissions reduction and environmental sustainability.
Hanes was recognized by the EPA for its 2018 environmental stewardship performance, which has been published on the company’s Hanes for Good corporate social responsibility website.
Bloomberg began investigating renewable energy projects in 2008; our first project, a 1.8 megawatt (MW) solar installation in New Jersey, began providing us with energy in 2012. In 2018, we obtained energy from six on- and off-site solar and wind sites. Our newest installation, a 20MW wind farm in Arkwright, New York, started providing us with energy in October 2018.
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