(IN BRIEF) Neste has revised certain climate targets to reflect its current financial position and a streamlined investment portfolio, while reaffirming its commitment to renewable fuels. The company now targets an 80% reduction in Scope 1 and 2 emissions by … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, Management
Tagged carbon footprint, carbon handprint, Climate Strategy, climate targets, Emissions Reduction, energy efficiency, fossil hydrogen alternatives, Heikki Malinen, Neste, Neste Adjusts Climate Ambitions to Balance Emissions Reductions and Long Term Viability, Porvoo refinery, renewable diesel, Rotterdam renewables refinery, SAF, Scope 1 emissions, scope 2 emissions, sustainable aviation fuel
(IN BRIEF) JYSK has engaged all of its suppliers in setting science-based climate targets, with suppliers representing 94% of emissions committing to establish SBTi-approved reduction targets by FY28. The retailer’s supplier engagement target, validated by the Science Based Targets initiative, … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Management, News, Retail
Tagged climate targets, CSR, Ditte Revsbæk Hansen, Emissions Reduction, ESG, JYSK, JYSK Reports Strong Progress on Supplier Engagement and Emissions Reduction Goals, Lars Larsen Group, retail, SBTi, Science Based Targets initiative, Scope 1 emissions, scope 2 emissions, Scope 3 emissions, Supplier engagement, supply chain emissions, sustainability
(IN BRIEF) STARK Group has inaugurated a 122-hectare solar park in Eastern Jutland in partnership with Mind Energy, generating 132,000 MWh annually to supply around half of its electricity needs in Denmark. The initiative builds on STARK Group’s climate commitments, … Read the full press release
Posted in Business, Construction, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology
Tagged building materials, carbon reduction, climate targets, construction industry sustainability, corporate power purchase agreement, CPPA, Denmark, Energi Danmark, Louise Askær-Hune, Mind Energy, net zero, partnership, renewable energy, SBTi, Science Based Targets initiative, solar park, Stark group, sustainability
(IN BRIEF) Infraestruturas de Portugal and the Avan Norte consortium have inked a 30‑year concession to deliver the Porto–Oiã section of the Lisbon–Porto high‑speed railway, marking the kickoff of Phase 1. The European Investment Bank will underwrite €875 million of the total … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Marketing, News, Portugal, Technology, Travel
Tagged Avan Norte–Gestão da Ferrovia de Alta Velocidade, Carlos Mota Santos, CEF, climate targets, Connecting Europe Facility, EIB, European Investment Bank, Infraestruturas de Portugal, InvestEU, IP, Jean‑Christophe Laloux, Lisbon–Porto high‑speed railway, LusoLAV, Miguel Cruz, Miguel Pinto Luz, Nadia Calviño, partnership, Porto–Oiã section, public‑private partnership, sustainability, sustainable mobility, Teresa Ribera, territorial cohesion
(IN BRIEF) RWE and Norges Bank Investment Management have marked a significant milestone in their joint Nordseecluster offshore wind project with the installation of the first monopile foundation approximately 50 km off the coast of Juist, Germany. Each foundation, weighing … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Norway, Technology
Tagged 1.6 GW, Boreas, climate targets, Eemshaven, energy transition, German North Sea, Germany, Green Energy, Juist, monopile, Nordseecluster, Nordseecluster A, Nordseecluster B, Norges Bank Investment Management, offshore installation, Offshore wind, OranjeWind, partnership, renewable electricity, RWE, Sofia project, sustainability, sustainable infrastructure, Thor project, TotalEnergies, transition piece-less, Van Oord, wind energy, wind turbine foundations
(IN BRIEF) Outokumpu has been ranked 25th on Corporate Knights’ first-ever list of Europe’s 50 most sustainable companies, placing highest among steel industry participants. This marks the company’s first inclusion in the ranking, which evaluates ESG performance, sustainable revenue, and … Read the full press release
Posted in Awards, Business, Environment, Financial, Finland, Industrial, Investment, Management, Marketing, Media, Metals and Minerals, News, Technology
Tagged Awards, circular economy, Clean200, climate targets, Corporate Knights, decarbonization, Emission Reduction, ESG, Europe’s 50 most sustainable companies, fair pay certification, green transition, Heidi Peltonen, leadership, Outokumpu, recycled materials, Stainless Steel, Steel Industry, sustainability, Sustainability Ranking, UN Guiding Principles on Business and Human Rights
(IN BRIEF) Metsä Group is taking a major step toward its goal of operating fully fossil-free mills by 2030 by partnering with Gasum to use biogas in its paperboard production. Metsä Board, which produces 750,000 tonnes of folding boxboard annually … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged beauty packaging, biogas, circular economy, climate targets, CO2 emissions reduction, environmental partnership, Finnish mills, folding boxboard, Food Packaging, fossil-free energy, FuelEU Maritime, Gasum, healthcare packaging, Hydrogen Fuel, lifecycle assessment, Metsä Board, Metsä Group, packaging sustainability, paperboard production, partnership, renewable fuel, renewable gas, sustainability
(IN BRIEF) TotalEnergies, Equinor, and Shell have confirmed phase two of the Northern Lights project, which will increase its CO₂ transport and storage capacity from 1.5 million to over 5 million tons per year by 2028. The project, which is … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Investment, Norway
Tagged Brevik, carbon capture, CCS, climate targets, CO₂ storage, Equinor, Europe, final investment decision, Heidelberg Materials, industrial emissions, Nicolas Terraz, NOK 7.5 billion, northern lights, phase two, Shell, Stockholm Exergi, Tim Heijn, TotalEnergies, underground storage, Øygarden
(IN BRIEF) Bang & Olufsen’s commitment to reducing greenhouse gas emissions has been validated by the Science Based Targets initiative (SBTi), affirming their alignment with the 1.5-degree pathway from the Paris Agreement. With aims to achieve Net-Zero across their value … Read the full press release
(IN BRIEF) The Otto Group announces its bold climate targets aiming to reduce greenhouse gas emissions by 42% by 2031 compared to 2021, validated by the Science Based Targets Initiative (SBTi). Setting a precedent in the industry, the Group integrates … Read the full press release
Posted in Business, Environment, Germany, Industrial, Management, News, Retail
Tagged Alexander Birken, climate targets, Otto Group, Prof Dr Tobias Wollermann, sustainability
(IN BRIEF) The Nordic Investment Bank (NIB) and Skanska Financial Services AB have entered a six-year USD 75 million sustainability-linked loan agreement. This loan’s interest rate margin is tied to Skanska’s climate targets, including a 70% reduction in absolute GHG … Read the full press release
Posted in Banks, Construction, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Sweden
Tagged André Küüsvek, climate targets, construction, Key Performance Indicators, KPI, loan, NIB, reducing CO2 emissions, Skanska, Skanska Financial Services AB, sustainability-linked loan, The Nordic Investment Bank
(IN BRIEF) DNV has completed a comprehensive market study commissioned by a consortium of Danish entities in the Carbon Capture, Utilization, and Storage (CCUS) sector, aiming to assess Denmark’s potential as a pivotal European CO2 hub. This initiative aligns with … Read the full press release
(IN BRIEF) Vattenfall’s CEO, Anna Borg, and Chairman of the Board, Mats Granryd, will participate in the World Economic Forum’s 54th Annual Meeting in Davos-Klosters, Switzerland, from January 15 to 19. The event’s theme, “Rebuilding Trust,” focuses on four interconnected … Read the full press release
(IN BRIEF) Boliden, a pioneering mining and metals company, has achieved validation and approval for its climate targets from the Science Based Targets initiative (SBTi), making it one of the first companies in the industry to do so. Boliden’s ambitious … Read the full press release
Posted in Awards, Business, Environment, Management, Metals and Minerals, News, Sweden
Tagged Åsa Jackson, Awards, Boliden, climate targets, Science Based Targets Initiative (SBTi), sustainability
(IN BRIEF) Skanska, a construction and development company, has updated its Green Bond Framework to incorporate criteria from the EU Taxonomy for sustainable activities and expand its scope to cover additional categories. The framework, which aligns with the 2021 ICMA … Read the full press release
Posted in Business, Construction, Environment, European Union, Industrial, Management, News, Sweden
Tagged climate targets, EU taxonomy, green bond framework, Skanska, sustainability, Svenska Handelsbanken
(IN BRIEF) Outokumpu, the only stainless steel producer, has been recognized as a leading climate leader in Europe by the Financial Times. The prestigious list, created in partnership with research company Statista, acknowledges companies that are making significant strides in … Read the full press release
Posted in Awards, Environment, Finland, Management, Metals and Minerals
Tagged 2022 Supplier Engagement Leaderboard, Carbon Disclosure Project, CDP, climate targets, Europe’s Climate Leaders in 2023, Financial Times, Juha Erkkilä, Outokumpu, SBTi, Science Based Targets initiative, stainless steel producer
(IN BRIEF) Holcim, a global building materials company, has been selected by the Science Based Targets Network (SBTN) to participate in piloting the world’s first science-based targets for nature. Holcim will submit its nature targets for validation in 2023, based … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Industrial, Management, Science, Switzerland, Technology
Tagged biodiversity, Biodiversity Indicator and Reporting System, BIRS, climate targets, Erin Billman, holcim, IUCN, Magali Anderson, SBTN, Science Based Targets Network, science-based targets for nature, WORLD’S FIRST SCIENCE-BASED TARGETS FOR NATURE
(IN BRIEF) Vattenfall and Coca-Cola in Sweden have announced a collaboration to invest in electric heavy goods vehicles (HGVs). The initial phase of the project will involve installing three charging stations at Coca-Cola Europacific Partners’ plant in Jordbro, near Stockholm. … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Sweden, Technology, Transportation & Logistics
Tagged charging stations, charging stations for trucks, climate targets, Coca-Cola, Coca-Cola Europacific Partners, Environmental Product Declaration, EPD, Good Environmental Choice, Ingela Hålling, Jordbro, Lillgrund wind farm, Lisa Wahlström, powering electric transport, Stockholm, Vattenfall
(PRESS RELEASE) BRUSSELS, 25-Feb-2022 — /EuropaWire/ — WindEurope, a Brussels based association active on promoting the use of wind power across Europe, has announced the release of its Annual Statistics 2021, which shows the insufficient speed of wind energy expansion … Read the full press release
Posted in Belgium, Energy, Gas & Oil, European Union, Government, Industrial, Infrastructure & Utilities, News, Technology
Tagged Annual Statistics 2021, Axel Eggert, Cefic, climate targets, EU, Europe, European Green Deal, European wind energy, fossil fuel imports, Giles Dickson, Marco Mensink, Offshore wind, onshore wind, RE100, renewable energy, renewables, Sam Kimmins, Ursula von der Leyen, wind energy, wind farms, WindEurope, WindEurope Annual Statistics
Rolls-Royce Power Systems to set standards in high-speed marine methanol engines New engines based on proven mtu technologies Methanol and synthetic diesel as key fuels of the future for climate-friendly engine operation Fuel cell another option on the way to … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, News, Technology, Transportation & Logistics, United Kingdom
Tagged climate targets, climate-friendly, climate-friendly shipping, climate-neutral, CO2, CO2-neutral, commercial ships, Daniel Chatterjee, Denise Kurtulus, e-ammonia, e-diesel, e-methane, e-methanol, green shipping, hydrogen, marine, methanol, MTU engines, mtu methanol engines, net zero, Power Systems, Rolls-Royce, sustainable fuels, yachts
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