Tag Archives: climate targets

Bang & Olufsen’s Climate Targets Aligned with Paris Agreement Goals, Validated by SBTi

(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

Otto Group Validates Ambitious Climate Targets, Aims for 42% Reduction by 2031

(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

NIB and Skanska Forge Path to Carbon Reduction with $75 Million Loan Deal

(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

DNV’s Market Study Explores Denmark’s Potential as a European CO2 Hub in Pursuit of Climate Targets

(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

Vattenfall Leaders to Discuss Climate Action at World Economic Forum in Davos

(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

Boliden’s Climate Targets Validated and Approved by Science Based Targets Initiative (SBTi)

(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

Skanska Updates Green Bond Framework to Align with EU Taxonomy and Climate Targets

(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

Outokumpu’s Ambitious Climate Targets Earn Recognition on Financial Times’ Prestigious List

(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

Holcim at the Forefront of Science-Based Targets for Nature, Driving Sustainability in the Building Materials Industry

(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

Electric Transport Initiative: Vattenfall and Coca-Cola Invest in Charging Infrastructure for Heavy Goods Vehicles

(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

WindEurope’s Annual Statistics 2021: EU needs 30 GW a year of new wind energy to meet its 2030 renewables target

(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

Rolls-Royce Power Systems works on the development of mtu methanol engines to be used in commercial ships and yachts

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

Europe-wide study: deploying 5G connectivity in high-emitting sectors could reduce massive amount of CO2e emissions

A new Europe-wide analysis¹ finds that using 5G technology across four high-emitting sectors could create annual emissions savings that equate to taking 1-in-7 cars (more than 35 million cars) off the EU’s roads² Finding highlights the need for accelerated roll-out … Read the full press release

Siemens Mobility and the Helmholtz Institute Erlangen-Nuremberg for Renewable Energy to jointly develop the use of Liquid Organic Hydrogen Carrier (LOHC) technology in rail transport

(PRESS RELEASE) MUNICH, 31-May-2021 — /EuropaWire/ — Siemens Mobility announces the signing of Memorandum of Understanding (MoU) with the Helmholtz Institute Erlangen-Nuremberg for Renewable Energy on joint research for the use of Liquid Organic Hydrogen Carrier (LOHC) technology in rail … Read the full press release

Fortum Group new biodiversity targets: at least 12 voluntary measures enhancing biodiversity to be implemented in 2021

(PRESS RELEASE) ESPOO, 18-Dec-2020 — /EuropaWire/ — Energy company Fortum announces new biodiversity targets for its entire Group, including Uniper. Fortum commits to implementing more than 12 major voluntary measures that enhance biodiversity in 2021. The biodiversity target was announced … Read the full press release

DNV GL, SINTEF and Technology Centre Mongstad (TCM) form major partnership aimed at accelerating the adoption of CCUS technology in emissions-heavy industries

(PRESS RELEASE) OSLO, 7-Oct-2020 — /EuropaWire/ — DNV GL, an international accredited registrar and classification body, SINTEF, one of Europe’s largest independent research organisations, and Technology Centre Mongstad (TCM), world´s most advanced and flexible test arena for CO2 capture technologies, … Read the full press release