The FINANCIAL — At the Leaders Summit on Climate, President Biden announced the United States’ new climate commitment under the Paris Agreement, which includes a target to cut greenhouse gas emissions 50-52% below 2005 levels by 2030. The new commitment nearly doubles
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The FINANCIAL — Novartis today announced the signature of five virtual power purchase agreements (VPPAs), which are expected to collectively add more than 275 megawatts of clean power to the electrical grid. This move makes Novartis the first pharmaceutical company set to
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The FINANCIAL — Amazon (NASDAQ: AMZN) and Global Optimism announced that Henkel has joined The Climate Pledge, a commitment to be net-zero carbon by 2040—a decade ahead of the Paris Agreement’s goal of 2050. Signify, which already achieved carbon neutrality earlier this year, is
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The FINANCIAL — Zurich Insurance Group, the leading insurer on the Dow Jones Sustainability Index (DJSI), is to become the first large institutional investor to prioritize the ‘impact’ rather than monetary amount of its impact investment portfolio. Zurich will focus on its
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The FINANCIAL — Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, announced the launch of climate transition analytics and advice for institutional investors who want to transition to a
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The FINANCIAL — All member states must become climate neutral by 2050, says European Parliament in a vote on the EU climate law, calling for ambitious 2030 and 2040 emissions reduction targets. On Wednesday, Parliament adopted its negotiating mandate on the EU climate
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