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Comment: And now for the good news from the IPCC report, the 1.5C target is still viable
The latest mammoth climate assessment from the Intergovernmental Panel on Climate Change (IPCC) arrives at a remarkably positive conclusion.
https://www.reuters.com/business/sustainable-business/comment-now-good-news-ipcc-report-15c-target-is-still-viable-2023-03-22/
The latest climate report from the UN's Intergovernmental Panel on Climate Change (IPCC) was full of bad news: Climate change is already killing people and destroying nature. We're way off-target on the commitment to stabilize temperature rises to 1.5°C, which is needed to ensure a livable future on Earth. And yet there was also some good news in the report. "The world’s leading scientists conclude that all the solutions to halve emissions by 2030 ‒ from wind and solar energy to electric vehicles and heat pumps ‒ are here already. And these solutions are scalable; they can be deployed rapidly. And, most importantly, they are all affordable," Owen Gaffney and Johan Falk write. Not only MUST the next decade see the fastest economic and energy transformation in history - it also CAN see that transformation. 👉 Find the full opinion piece in Reuters Events Sustainable Business: https://www.reuters.com/business/sustainable-business/comment-now-good-news-ipcc-report-15c-target-is-still-viable-2023-03-22/
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This week, Norway's parliament voted in favour of allowing deep-sea mining. Minerals are central to EV batteries, wind turbines, solar panels and other technologies we need to limit global warming and ensure this planet continues to provide a safe home to mankind. But retrieving minerals from the floor of the sea risks wiping out deap-sea species, damaging ecosystems and threatening ocean fish. Deep-sea mining is not the way to go - or, to say it in the words of Sylvia Earle: “Earth is alive, and it’s governed not by humans but by the little guys in the deep ocean, and they can turn on a dime”.
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This is a moratorium that should be embraced by all our partners who are passionate about the climate change movement and need for action now.
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Deep_sea mining its a bad idea and it should be stopped
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This call is clear and we need more solution for this Nation to be successful ✍️
Emissions generated by how banks manage corporates’ cash holdings can significantly add to a company’s reported greenhouse gas emissions, but currently escape reporting. A new guide details actions companies can take to reduce these emissions and by doing so support accelerating the decarbonization of the financial sector. The new guide examines a critical yet overlooked driver of corporate greenhouse gas emissions – the emissions associated with how banks manage and repurpose the cash deposits of their corporate clients for emission-producing activities. A critical revelation of this guide is that if emissions from corporate cash holdings in the bank were counted, many businesses would see a notable surge in their overall greenhouse gas emissions. The guide provides actionable advice for how climate-leading companies can be frontrunners in recognizing, measuring and mitigating these emissions. That’s although they are not yet required to report such emissions along their financial supply chains, as the relevant Greenhouse Gas Protocol’s Scope 3 guidance applies only to financial institutions and investors, but not to real-world companies. The Greening Cash Action guide: How to reduce emissions from companies’ cash deposits in the bank outlines seven actions companies can take to assess and curtail emissions associated with how banks manage their corporate cash. By proactively engaging with their banks and encouraging better data disclosure and climate practices, companies can use their role as corporate customers to send important market signals to their banks to reduce the carbon intensity of their loan and investment portfolios, which, in turn, helps accelerate the broader decarbonisation of the financial system. The guide was developed for business leaders, sustainability managers, board members and employees and was authored by Johan Falk, Exponential Roadmap Initiative, Jakob König, Fair Finance Guide / Swedish Consumers’ Association, Paul Moinester, TOPO, and Allison Fajans-Turner, BankFWD. “Companies have to reduce emissions along their full value chain and that includes emissions in their financial supply chains. This guide gives practical and actionable recommendations on how to measure and reduce the emissions they indirectly finance through their cash holdings in the bank,” said Johan Falk, CEO and Co-founder of the Exponential Roadmap Initiative. “This guide addresses a problem that we encountered when talking to the wealthiest companies in the world: that they are not aware of the magnitude of these emissions, and don’t know what to do about them,” said Paul Moinester, Executive Director, TOPO. “What banks choose to finance is key for the climate transition. With this guide corporate clients can help to accelerate their banks’ transition and in turn banks have an opportunity to add value for their clients. It’s a clear win-win that benefits the climate,” said Jakob König, Fair Finance Guide / Swedish Consumers’ Association. “Companies committed to driving climate progress have left a major lever on the table: namely, their power and influence on banks as major clients. By using this guide, companies can take steps to ensure that the banks that get their business are using company cash in ways that support and don’t undercut a company’s wider climate goals. This guide will help to cement climate safe banking as a new pillar of corporate sustainability and net zero planning,” said Allison Fajans-Turner, Managing Director, BankFWD. James Varkey, CFO at Icebug, a member of the Exponential Roadmap Initiative who reviewed the guide said: “At Icebug, we have already started implementing the actions outlined in the guide and can see that we are contributing to improving our bank’s climate practice. We see a big potential for companies as bank customers to drive meaningful change in the financial sector.” WHAT OTHERS SAID: “This guide addresses two crucial levers for scaling and accelerating the transformation needed to stay within safe planetary boundaries: science aligned climate leadership from companies and financial actors. Its value lies in providing concrete actions companies can take with their banks to reduce financing of new emissions – and through these accelerate the transformation of the financial sector.“Professor Dr Johan Rockström, Director, Potsdam Institute for Climate Impact Research: “Beyond their organisational inventory, corporations may not realise the emissions financed by their cash. This guide provides them with practical recommendations to start considering and driving down financed emissions.” Kaya Axelsson, Net Zero Policy Engagement Fellow, University of Oxford “Business is a crucial player in the Net Zero transition. This guide shows what actions companies can take to reduce the emissions they finance indirectly through their corporate cash. By taking these actions, business can help the transformation of yet another crucial player - the financial sector.” Nigel Topping, UN Climate Change High-Level Champion at COP26 “We welcome all feedback from our corporate customers that can help us in improving our climate-related initiatives. The practical support provided by this guide helps companies engage effectively with their banks and also ensures that banks who perform better on climate issues receive the positive feedback needed to accelerate and further develop their climate action.” Catharina Belfrage Sahlstrand, Chief Sustainability and Climate Officer, Handelsbanken "Our banking choices are an enormous lever for change, but it can feel a bit overwhelming to figure out where, how, and when to move to a more aligned bank partner (and to put positive pressure on your existing bank in the process). The Greening Cash Action Guide is an invaluable how-to that breaks it down so you can take action and become a powerful changemaker." Kate Williams, CEO, One Percent for the Planet Download the Greening Cash Action Guide:
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very useful.
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A truly great guide, and much needed.
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Action need to be done
dickson mutai
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https://exponentialroadmap.org/supply-chain-leaders/ The 1.5°C Supply Chain Leaders was founded by the Exponential Roadmap Initiative together with Ericsson, Inter IKEA Group, Telia Company, BT Group and Unilever, and is supported by the United Nations’ Race to Zero and the We Mean Business Coalition. The 1.5°C Supply Chain Leaders have made the following commitment: -Reducing our greenhouse gas emissions across our value chain in line with the 1.5°C ambition. -Work together with our suppliers and business partners to join us on this journey by taking action aiming to halve greenhouse gas emissions before 2030, reaching net-zero before 2050 and communicate progress annually -We recognize the challenge this poses for our suppliers and we will support them, working together to reach our shared goals. In addition, we will support SMEs globally through the SME Climate Hub with tools, knowledge and best practice for implementing a robust climate strategy, to support broad action. The 1.5°C Supply Chain Leaders work together to drive climate action throughout global supply chains, and support small and medium-sized enterprises (SMEs) through the SME Climate Hub, understanding the need to work with and support suppliers to halve emissions before 2030 and achieve net zero emissions before 2050. The 1.5°C Supply Chain Leaders share their experiences and resources openly through the 1.5°C Supplier Engagement Guide. The guide is a freely accessible resource for companies seeking to reduce GHG emissions in their supply chains, to halve emissions by 2030 towards Net Zero. It specifically addresses one critical component of supply chain decarbonization: engaging suppliers to take climate action. The 1.5°C Supply Chain Leaders support small and medium-sized enterprises globally through the SME Climate Hub, with tools, knowledge and best practice for implementing a robust climate strategy, to support broad action.The SME Climate Hub is a global initiative that aims to mainstream climate action in the small to medium sized business community, and enable SMEs to build resilient businesses for the future. Together we will reduce our greenhouse gas emissions through firm action and collaboration, and inspire others to do the same.
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Great initiative
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The challenge of driving climate action throughout global supply chains calls for a collaborative, multi-stakeholder approach.
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@Exponential Roadmap Initiative. Thank you for demonstrating to the world that we have to influence others to be part of the solution.
Hemanth Reddy
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Creating a path for companies ,how to have a efficient machinery and buildings by using renewables and other tech to reduce carbon footprint .This helps the companies to reach their net zero emissions and aids to be within the 1.5 degree limit.And I also liked the concept of rent which I didn’t see much when I am in my home country.
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By creating abridge between industrial CO2 Emitters renewable,power Generation and utility providers through developing ground breaking battery technology packages that directly utilize the industrially captured CO2 and generate Electricity by doing these we enable Efficient integration of clean Energy at the grid and micro grid levels
Through decades of life cycle assessments and research on the impact of the ICT sector, we understand what digitalization and technology can do to reach Net Zero and positively transform society. According to Ericsson’s peer-reviewed research, ICT solutions have the potential of enabling 15% emission reductions across industries by 2030, while being responsible for only 1.4% of the global carbon footprint. As set by Net Zero standards and the Race to Zero, our initial focus is on reducing and avoiding emissions across the value chain as well as on investing in renewable energy. As a last resort to address any unavoidable emissions, we will work to remove remaining emissions from the atmosphere through approved carbon removal credits. Our strategy reflects the 4 Climate Pillars of the 1.5°C Business Playbook, which Ericssson co-initiated and authored in 2020. Reducing own emissions At Ericsson we are dedicated to walking the talk. Even though our own activities stand for less than 0.5% of our carbon footprint, we can influence our direct emissions faster, and have set a steep reduction trajectory to reach Net Zero emissions in own activities by 2030. To achieve this, we are working towards procuring 100% renewable energy for our facilities. Today, 62% of all our energy purchased is from renewable energy – 67% if counting only electricity. We aspire to have an electric fleet where possible, cap business travel to 50% pre-pandemic levels and reduce emissions from commuting and teleworking. Any residual emissions they can’t reduce by 2030 they will need to remove in like for like emissions, following the ITU standards for Net Zero value chains. As of 2021, we achieved a 60% reduction of emissions from our own activities (from a 2016 baseline). Reducing value chain emissions In 2021, Ericsson set a new value chain target to reach Net Zero emissions by 2040, including reducing emissions by 50% in the portfolio and supply chain. To support the supply chain emissions reductions, Ericsson works with product design, material choices and directly with suppliers. We have set a supplier climate target for 350 of our high emitting and strategic suppliers – responsible for 90% of Ericsson’s supply chain emissions – to set their own 1.5°C aligned climate targets. As mid-year 2022, 198 suppliers, 58 of those high emitting, had set such targets. Energy use in network operation remains a priority for Ericsson and our customers. Our research shows that the lifetime energy usage from Ericsson’s delivered products remains a major contributor to our carbon footprint (over 90%). Increased energy performance of Ericsson’s products and solutions is a key enabler to lower customers’ total cost of ownership and network related carbon footprint. We are committed to developing innovative products and solutions that enable the mobile industry to meet current and future traffic demands while simultaneously addressing energy consumption. That’s the driving force behind our holistic network level approach, ‘Breaking the energy curve’, which supports the important energy reduction efforts that are integral to Ericsson’s and our customers’ Net Zero journeys. “The 1.5°C Business Playbook is a framework for company strategy and action, that we use, to help our supply chain business partners to set 1.5°C aligned targets. We need all companies to be bold and join this journey towards a more sustainable and connected world,” Börje Ekholm, CEO, Ericsson Integrating climate in business strategy Through decades of life cycle assessments and research on the impact of the ICT sector, we understand what digitalization and technology can do to reach Net Zero and positively transform society. According to Ericsson´s peer-reviewed research, ICT solutions have the potential of enabling 15% emission reductions across industries by 2030, while being responsible for only 1.4% of the global carbon footprint. It is therefore important to get this message and these solutions out to the world, enabling digitalization to be a part of the solutions. Even though we know the potential, if it is unused, we will not be able to decarbonize sectors in the pace that is needed to first halve our emissions by 2030 or reach Net Zero before 2050. Throughout our history, sustainability targets have been driven by the Sustainability and Corporate Responsibility units. However, target drivers and reduction potential are always dependent on respective business areas and have been key success factors for driving down emissions. When setting the new Net Zero ambition, it was then apparent that the drivers needed to be each respective Business Area. Incorporating targets and following them is a continuous process which we are working on each day. Influencing climate action in society We partner with academia and businesses to support global action for the 1.5°C ambition. In 2018 and 2019, Ericsson was an active lead partner with other leading organizations in the development of the Exponential Roadmap, which showed 36 solutions that exist today and could support the halving of global emissions by 2030. Furthermore, as part of our supply chain commitment, Ericsson founded the 1.5°C Supply Chain Leaders together with other leading companies and the Exponential Roadmap Initiative. The group works together to drive climate action throughout global supply chains in line with science and supports small and medium-sized enterprises in accelerating climate action through the SME Climate Hub. As part of the 1.5°C Supply Chain Leaders, Ericsson was a key driver in the launch of the 1.5°C Supplier Engagement Guide, a collaborative platform to engage with suppliers to halve greenhouse gas emissions before 2030. [1] SBT between 2016 and 2022 for own activities includes: Scope 1 and 2 emissions as well as scope 3 categories business travel and downstream product transportation. For Net Zero own activities, product transportation is excluded and commuting & teleworking is included instead. [2] Carbon dioxide removal, also known as negative CO2 emissions, is a process in which carbon dioxide (CO2) is removed from the atmosphere and locked away for long periods of time. To reach Net Zero in the value chain, companies can neutralize their residual emissions that cannot be further reduced, by means of specific removal trustworthy technologies that adhere to global standards.
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Great work @Ericsson. Let’s reach the potential!
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Thank you for sharing, it helps put Ericsson's work with digitalization in a global context!
We Don't Have Time
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This is a fantastic summary of The Exponential Roadmap's contribution to the STHLM+50 Climate Hub. We Don't Have Time is a proud partner and member of the initiative! https://www.youtube.com/watch?v=83BAqi9zB3w
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Great scalable points from every speaker! Let's all continue focusing towards all avairable solutions and much more!
Ørsted announced today that it has joined forces with a growing group of global corporations that are driving climate action throughout global supply chains in line with science-based emissions reduction targets. The group currently includes Ericsson, IKEA, Telia, BT Group, Unilever, Nestlé, Telefónica, Microsoft, Tech-Mahindra, Ragn-Sells, Scan Global Logistics and Mastercard. Find out more: https://exponentialroadmap.org/orsted-joins-the-1-5c-supply-chain-leaders-and-the-exponential-roadmap-initiative-3/ #RacetoZero
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Excellent that Ørsted is joining!
The Exponential Roadmap Initiative spoke to Unilever to find out about the actions they are taking to help halve global emissions by 2030. At what rate has Unilever reduced its emissions up until now, and how have you done it? Unilever has set science-based goals to have zero emissions operations by 2030, and to halve the greenhouse gas (GHG) impact of our products across the lifecycle by the same year. We’ve also taken the extra step of setting a goal to reach net zero emissions across our value chain by 2039. Emissions from our operations are relatively small part of our overall footprint, but they are still sizeable. In 2016, four years early, we achieved our target to reduce CO2 from energy by 75% versus 2008, per tonne of production, across our operations (scope 1 and 2). We’ve implemented energy efficiency programmes and made big strides on renewable electricity. Just over half of our total energy use in manufacturing – including heat – is now generated from renewable sources, and we’ve been phasing out direct coal from our energy mix. At the same time, we are also working to lower emissions across our brands and our value chain, including in end use by consumers. For example, across our Home Care and Foods & Refreshment divisions we have reduced per consumer GHG emissions by 37% and 30% respectively since 2010. We’ve reformulated our laundry products to lower our use of phosphates, and we’ve concentrated our detergents into smaller bottles. Despite some success, progress against our target to halve the GHG impact of our products across the lifecycle has been slower than we had expected. In Beauty & Personal Care per consumer use GHG emissions have risen by 10% since 2010. We have come to realise that it’s hard to influence consumer behaviour, such as encouraging shorter showers. We need to accelerate wider system change, such as a faster switch to renewable energy – meaning people’s showers could run off clean electricity, wherever they are in the world. What are the priorities to 2030? Our Climate Transition Action Plan outlines our focus areas. To eliminate our operational emissions by 2030, we will focus on heating and cooling as we transition to 100% renewable energy. We will transition our fossil fuel burning boilers to renewables and replace residual high impact HFC refrigerants in our cooling systems with cleaner alternatives. To help protect nature along our supply chain this decade, we have launched a €1 billion Climate & Nature Fund so that our brands can invest in projects that positively address climate change and protect nature, for example, through forest protection and regeneration. Our biggest food brand Knorr aims to have 50 regenerative agriculture projects reducing GHG emissions by 30%. While our brands may use carbon credits from these projects to support their carbon neutrality claims, this would be in addition to making progress towards our emissions reduction targets, not a means of achieving them. Unilever’s focus remains on reducing our emissions and we will only use carbon removals credits of the highest integrity socially and environmentally to address any residual emissions after eliminating as much carbon from our value chain as possible. Of course, to make direct emissions reductions across our value chain, we must engage our suppliers on our climate goals. Through our Climate Promise, we’re asking suppliers to halve their emissions by 2030 – this is vital if we’re to reach our 2039 net zero goal. Through our Climate Programme, we’ll be working closely with a subset of 300 companies that we’ve identified as having the biggest climate impact, sharing guidance and learnings from our own experience. What are Unilever’s biggest challenges, and how do you plan to address them through radical collaboration – e.g. as a member of the Exponential Roadmap Initiative and the UN Race To Zero? We don’t have all the solutions – so it’s important that we partner with others to re-establish our innate relationship with nature and harness innovation to find better ways of doing things. For example, through our new Forest Data Partnership with Google Cloud and NASA, supported by USAID, we’re deploying technologies that can help radically transform supply chain transparency and help eliminate deforestation. We’re also driving innovation in our homecare products to help consumers to lower their carbon footprints and eliminate the use of fossil fuels. And we’re running a pilot to test a breakthrough innovation in temperature-controlled transport. At the same time, we’re working in business coalitions to drive climate action across the private sector. We were one of the first companies to join RE100 to accelerate the clean energy transition. We co-chair the Consumer Goods Forum’s Road To Zero Task Force, increasing net zero commitments across the FMCG sector. We’re also part of Transform to Net Zero and Exponential Roadmap’s 1.5°C Supply Chain Leaders group to help other companies learn from our experiences. And we’ve developed the Carbon Transparency Partnership with WBCSD to improve carbon disclosure along value chains. We’re calling for policy changes too. As part of We Mean Business, we’ve written to G20 leaders asking for ambitious national climate plans and targets. And through the CEO Climate Alliance we’ve called for policies that will help deliver faster climate action by businesses. We also know product innovations and supply chain efficiencies can only go so far, and that we need broader energy system transformations. That’s why we’ve used our voice to advocate for the phasing out of fossil fuels and fossil fuel subsidies. The recent COP26 summit delivered more than many expected but less than the world needs. The truth is, solving a challenge as big as climate change will take all of us: businesses, governments and civil society. We need both individual and collective action if we’re going to limit the global temperature rise to 1.5°C – and we need to get on with it this decade. To find out more about joining the Race to Zero through the Exponential Roadmap Initiative, please click here. Find the original article here. https://racetozero.unfccc.int/unilever-and-the-race-to-halve-emissions-by-2030/
BY THE EXPONENTIAL ROADMAP INITIATIVE | NOVEMBER 19, 2021 Scania AB is a major Swedish manufacturer headquartered in Södertälje, focusing on commercial vehicles—specifically heavy lorries, trucks and buses. It also manufactures diesel engines for heavy vehicles as well as marine and general industrial applications. The Exponential Roadmap Initiative spoke to Scania to find out more about their race to halving emissions by 2030. At what rate has Scania reduced its emissions up until now, and how has Scania done it? In Scania’s 2020 Annual and Sustainability Report, the company reported a Scope I and II emissions reduction of 43 percent compared to 2015, and a reduction of Scope III emissions, calculated as CO2 emissions per kilometre, of 4.2 percent during the same period. Emissions from Scania’s products in use by customers are measured as well-to-wheel, meaning that emissions generated in the production of the fuel or electricity are taken into account. In order to reduce Scope I and II emissions by 50% by 2025, Scania started with one of its core values, Elimination of Waste. This includes phasing out old equipment and appliances for newer, more energy-efficient alternatives, as well as transitioning away from fossil electricity. A couple of concrete examples: Scania’s cab production facility in Oskarshamn, Sweden, is now completely fossil free as of January 2021. This was achieved by, for example, converting three ovens used in the cab painting process to run on the biofuel RME, which alone reduced Oskarshamn’s climate impact by 60 percent. Additional steps include replacing diesel-powered forklifts with electric forklifts, as well as running internal transport vehicles on HVO biofuel instead of fossil diesel. The electricity supplied to Scania’s 10 production facilities around the world is 100% fossil free. This was achieved globally in 2020, when, as the last factory to make the transition, Scania’s production facility in Tucumán, Argentina, began using wind energy. The transition to fossil-free electricity in Scania’s global production facilities corresponds to an annual savings of 33,000 tonnes CO2e. In order to reduce emissions from the use of its products (scope III), which account for more than 90 percent of Scania’s total emissions, the company is taking a multi-pronged approach which includes biofuels, electrification, as well as improvements in product utilization through tools such as driver training and specification optimization. For the last several years, Scania has been developing the world’s most efficient combustion powertrain, which will be released in late 2021. This powertrain reduces fuel consumption and CO2 emissions by 6-10 percent compared to the current powertrain generation. As with previous engine generations, the new engines are also capable of running on HVO biodiesel, which reduces wheel-to-wheel emissions by 50-90%, depending on the source. Scania launched its first fully electric bus in 2018 and its first battery electric truck, with a range of 250 km, in 2020. As part of the shift to electrified transport, Scania is building an 18,000-square-metre battery assembly plant in Södertälje, Sweden. In addition, Scania increased its investments in Northvolt in 2020, which is building the world’s greenest battery factory in Sundsvall, Sweden, and which will supply battery cells for Scania vehicles. Both Scania’s current and future product development are informed by The Pathways Study, published by Scania in 2018, which assesses various ways in which the commercial transport system can be fully fossil free by 2050. The study laid out several possible and commercially viable pathways, looking at the impacts of the growth of battery electric vehicles (BEV), fuel-cell electric vehicles (FCEV), as well as vehicles running on biofuels. The conclusions of this study have now been integrated into and inform Scania’s near, medium, and long-term planning. How does Scania plan to cut its value chain emissions in half before 2030? Scania has ambitious emissions reduction targets that have been approved by the Science Based Targets initiative and are in line with the Paris Agreement and the 1.5-degree scenario. The company has committed to reducing Scope I and II emissions by 50% and Scope III emissions by 20% by 2025 (compared to 2015 base year). Scania is planning for a rapid expansion of BEV in the coming years, with a target of 10% electric vehicle sales in Europe by 2025 and at least 50% electric vehicle sales by 2030. Scania has also pledged to launch at least one new electrified solution every year from now on, in addition to already having the broadest range of engines that can run on alternatives to diesel. Along with other European truck manufacturers, Scania has pledged that all new trucks sold by 2040 must be fossil-free in order to reach carbon neutrality by 2050. Scania is continuously assessing possible solutions to drive the shift to a sustainable transport system and, as a result, is testing and evaluating several emerging technologies, such as electric roads, rapid charging infrastructure, and FCEV. What are Scania’s biggest challenges, and how does Scania plan to address them through radical collaboration – e.g. as a member of the Exponential Roadmap Initiative and the UN Race To Zero? To transition away from fossil fuels at a speed consistent with the goals of the Paris Agreement, there must be rapid growth in both battery production capacity and electrical infrastructure, in addition to an expansion in the availability of biofuels. Thus, this is not something that Scania can do alone. It must be done in collaboration with other actors, both public and private, to ensure the availability of fossil-free fuels, electricity, as well as vehicle components such as green batteries and fossil-free steel. At the same time, heavy commercial transport is no longer a hard-to-abate industry. We have the technology, we know what we need to do, and now we need to join forces and get it done. Scania recently joined The Climate Pledge, committing to net-zero by 2040. To find out more about joining the Race to Zero through the Exponential Roadmap Initiative, please click here.
COP26 highlighted the importance of moving beyond pledges, towards exponential climate action and transparent disclosure of progress. As one of the leading-edge businesses, @BT, is focusing on exponential climate action through Exponential Roadmap Initiative & the #RacetoZero. At what rate has BT reduced its emissions up until now, and how has BT done it? BT has been on a climate action journey for almost 30 years. We were one of the first companies in the world to set a carbon reduction target already back in 1992. In 2008, we set our first science-based target. We achieved that four years early in 2016, reducing the carbon emissions intensity of our business by 80%. We have already halved our operational emissions (Scope 1 and 2), having reduced the carbon emissions intensity of our operations by 57% since 2016/17 and we have reduced the carbon emissions from our supply chain by 19% over the same timeframe. BT’s operational carbon emissions target reduction has primarily been met through us switching to 100% renewable energy worldwide. With a customer base of 30 million and over one million small businesses, BT is well placed to get the nation talking about climate change. We want to use our reach and expertise through our new campaign, ‘The BT Big Sofa Summit’, to inspire everyone to make those much needed small sustainable steps and to embrace technologies available to help them become greener at home. How does BT plan to cut its value chain emissions in half before 2030? In 2016, BT was one of the first companies in the world to set a science based target in line with the most ambitious aim of the Paris agreement – to reduce the carbon emissions intensity of our operations by 87% by end of March 2031 against a 2016/17 baseline. We are working with our suppliers to help them reduce their carbon emissions by 42% by the end of March 2031 against a 2016/17 baseline. We work with our suppliers to reduce their carbon emissions through encouraging them to report to CDP, set net-zero targets, purchasing renewable energy and through our sustainability contract clause, requiring them to reduce carbon emissions over the term of their contract with BT. We are also encouraging suppliers to sign up to Race to Zero and the SME climate commitment through the SME climate hub. In September 2021, we announced plans to curb our carbon emissions sooner than planned by bringing forward our net-zero target from 2045 to 2030 for our own operational emissions and 2040 for our supply chain and customer emissions. Find out more. We have already met our target to use 100% renewable energy worldwide. Our focus is therefore on reducing emissions associated with our fleet (two-thirds of remaining operational emissions) and those of our buildings as well as supply chain emissions. Also, progress on carbon reduction and on digital skills training will make up 10% of the bonus calculation for eligible BT colleagues. As a business with 33,000 vehicles, we have outlined plans to transition the majority of our fleet to electric or zero carbon emissions vehicles by 2030. What are BT’s biggest challenges, and how does BT plan to address them through radical collaboration – e.g. as a member of the Exponential Roadmap Initiative and the UN Race To Zero? Some of BT’s challenges include electrification of our fleet as well as working with our suppliers. We are looking at how we can electrify our fleets quicker through increased use of electric vehicles and we are continuing to encourage suppliers to join the Race to Zero and the SME climate commitment. In June 2020, BT and Openreach joined forces with the Climate Group to set up the UK Electric Fleets Coalition which is advocating for accelerated introduction of electric vehicles in the UK, for example through increased supply and roll-out of national EV infrastructure. More information can be found here: UK Electric Fleets Coalition | Climate Group (theclimategroup.org). The Coalition now has over 30 members, including 5 of the UK’s 6 largest commercial fleet operators. Moreover, in July 2021, BT and the heads of six major UK companies working together as the Electric Vehicle Fleet Accelerator (EVFA) pledged to work together with the Government to remove obstacles to the electrification of the UK’s transport system. We also sponsored the Heroes of Net Zero competition for UK small businesses to highlight climate action. We continue to advocate for increased collaboration and lead by example on reaching net zero. To find out more about joining the Race to Zero through the Exponential Roadmap Initiative, please click here. https://racetozero.unfccc.int/bt-and-the-race-to-halve-emissions-by-2030/
COP26 highlighted the importance of moving beyond pledges and commitments towards exponential climate action and transparent disclosure of progress and results. To highlight the important action being done, we have asked our members three simple (but very difficult) questions on how they are halving their emissions each decade, preferably faster, according to carbon law. During the following weeks, we will share honest stories of concrete actions and challenges on how we can halve emissions by 2030. Stay posted.
COP26 Backdoor
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Exponential Roadmap Initiative have announced a new platform that will help suppliers collaboratively halve their GHG emissions before the end of the decade. There are big players already utilizing this methodology - known as the 1.5°C Supplier Engagement Guide - from industries such as Ericsson, Unilever, Microsoft & and the Ikea Group. Together, they will negotiate with their suppliers to drastically cut the emissions generated from their suppliers, as this is not only a "necessity" in the chain of production, but contributes to a large portion of the emissions generated by these businesses as a whole. It's not only a way for them to ensure their large-scale supply chains are as efficient and eco-friendly as possible, it's a community where big industry peers can share "practical tools and learnings to enable other companies to do the same - big or small.” This means that the best practices available from one company can now be accessed and utilised by others, creating a perpetual positive feedback loop of new systems, technologies and approaches for all businesses to greenify their supply chain. As Aron Cramer, President and CEO of BSR points out, there isn't a better time to do this as “more than 3,000 businesses, large and small, have committed to build the net-zero value chains which can help us to halve global carbon emissions by 2030". Now with the 1.5°C Supplier Engagement Guide, any and every business can empower themselves, network with peers, and create a more efficient business - in line with Net Zero Carbon goals. You can read more about the platform here: https://exponentialroadmap.org/supply-chain-leaders/ And learn about how SME's are being empowered specifically, too through the Business Climate Hub: https://businessclimatehub.org/uk/
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”To solve the climate crisis – starting by halving emissions by 2030 – we need to influence climate action in society" @Rentzhog Join @WeDontHaveTime in the Race to Zero!
"We now expect governments to work together with us and ramp up the pace of big investments in electrical infrastructure, supported by a sharp policy framework that includes an effective price on carbon and road charges based on CO2 emissions. By removing the barriers, governments create the conditions for the innovation and rapid change required to limit global warming close to 1.5°C." @ScaniaGroup is accelerating exponential climate action in the #RaceToZero
"Atea is committed to halve our emissions by 2030. IT plays a vital role in mitigating the impacts of climate change". Atea is on their way to halve emissions by 2030. Join the Race To Zero.
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As long as we are all committed to the cause surely we are to realize positive change by 2030.
"Tech Mahindra continues to take concerted efforts to halve its emissions by 2030" Tech Mahindra is part of the UN Climate Change #RaceToZero, the largest global alliance racing to halve emissions by 2030.
"We are committed to decarbonise 50% of all transportation emissions in the value chain of our customers by 2030 which is in line with our 1.5°C ambition" Halving before 2030 is becoming the new standard. Join Scan Global Logistics in the Race To Zero
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Welcome to the race to zero!
"We are on track to hit our 1.5 degree aligned science based target to reduce the carbon emissions intensity of our operations by 87% by end of March 2031" @BT is on their way to halve emissions by 2030. Join the Race To Zero.
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Kudos to BT! Clearly on track for the race to zero campaign.
We are a proud partner of the Exponential Climate Action Summit! Tune in for tomorrow's virtual event, Circularity and The Race to Zero, at 14:00 CEST. More information: https://www.wedonthavetime.org/events/circularity See you there!
With 40 days to go until COP26, every fraction of a degree counts to limit warming to 1.5°C and build resilience of the most vulnerable. Tune in to the Climate Week NYC to hear the COP26 President Alok Sharma, Patricia Espinosa, the UN High-Level Champions, Nigel Topping and Gonzalo Muñoz, and other global leaders discussing what is needed to set the pace in the race towards a zero carbon, resilient world. Help lead the way in transforming ambition into radical implementation by joining the Race to Zero and the Race to Resilience. https://racetozero.unfccc.int/15-sectors-of-global-economy-shift-the-dial-on-climate https://youtu.be/RzJa1kQWcd0
Hear from our Co-founder & Head of Strategic Marketing and Communications, Owen Gaffney, on September 23rd at the Exponential Climate Action Summit III. Register for free: https://www.wedonthavetime.org/events/circularity
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Looking forward to it!
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The 1.5°C Supply Chain Leaders was founded by the Exponential Roadmap Initiative together with Ericsson, BT Group, IKEA, Telia, and Unilever and is supported by the International Chamber of Commerce (ICC) and the We Mean Business Coalition. Today Nestle, Telefonica, and RagnSells_Group Joined the initiative, committing to reducing their greenhouse gas emissions across their value chains. This will create so much change. Forcing all the suppliers to set their net-zero targets! Thank you Exponential Roadmap. Without you, this would not have happened!
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I know the regulatory audits are real and needs to add more pressure in environment
Accenture Sweden have announced their support for the 1.5°C Business Playbook, a guideline for companies and organisations of all sizes to set a 1.5°C aligned strategy and move to action. The Playbook is a concrete tool to facilitate the first step of halving emissions before 2030, which is grounded in the latest science and focuses on simplicity and speed.
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Quite a well-thought-out strategy to De-carbonize.
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Welcome to the future Accenture!
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Great news!
The 1.5°C #BusinessPlaybook- a guideline for companies and organisations in the #RaceToZero. Anchored in the latest science, it focuses on simplicity and speed. Read the Playbook: exponentialbusiness.org
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Please let me know, how do I get the check mark badge next to my name ??
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