The Science Based Targets initiative (SBTi) has launched the world’s first science-based decarbonization framework for all iron- and steelmakers worldwide to develop and set emissions reduction targets within the unique context of the industry. Through this guidance, the SBTi outlines by how…
According to the report that examines the steel industry in terms of its greenhouse gas emissions, the sector is responsible for approximately 7% of Turkey’s energy consumption and about 22% of energy consumption within the industrial sector. In line with…
Steps continue to be taken in the quest to establish a common reference in the field of circular economy. The ISO 59000 series represents a significant stride toward the creation of standards for the circular economy. The initial drafts presented…
While adopting a “wait and see” approach might seem appealing, an increasing number of companies are developing their own solutions to reduce this gap internally. Here are four strategies. Businesses in various sectors are facing growing pressure to embrace sustainable…
The Australian Government announced today plans to legislate the establishment of a Net Zero Authority, responsible for guiding the country’s economic transformation to net zero emissions, including reskilling workers for the energy transition, and coordinating with industry and investors on…
UK ad regulator the Advertising Standards Authority (ASA) announced the release of new guidance for advertisers making environmental sustainability claims to consumers, including the use of terms “carbon neutral” and “net zero.” The regulator also said that is aware that…
Carbon Market Watch finds heavy reliance on offsets Many of the net-zero pledges made by the biggest companies in the world are highly misleading, according to a report from Carbon Market Watch. The non-profit recently examined pledges and progress among…
New Foundations Paper on Net-Zero for Financial Institutions tackles key issues for the sector, including defining net-zero, the use of offsets and fossil fuel phase-out. Paper provides concepts the sector will need to transform net-zero commitments into robust targets and actions. This…
Earlier this week, engineering consultancy Patrick Parsons published the results of a sustainability survey with a hundred senior executives of UK construction firms, which collectively represent more than £26.6 billion in construction projects over the past year. The UK construction industry as…
By the end of 2021, over 80 countries — representing almost 75% of global emissions — announced commitments to achieve net-zero emissions. Setting a net-zero target is a necessary step to cut global greenhouse gas (GHG) emissions by 2050 to keep the world’s…