Business Watch: May

1st May 2020

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Aidan Goldsmith

Keeping tabs on what's going on with businesses and the environment.

Siemens and Uniper sign 'green hydrogen' agreement

Automation firm Siemens and energy company Uniper have agreed to work together to decarbonise their supply chains and produce and use 'green hydrogen' from renewable sources. This will see Uniper's gas turbines, storage facilities and coal plants assessed for hydrogen use after it announced it would close or convert its German coal-fired power plants by 2025 at the latest.

“Together, we are working to use of hydrogen on a large scale and to make this clear to the world: our future lies in hydrogen,“ said Siemens Energy executive board member Jochen Eickholt.

H&M hits collection target one year early

H&M collected 29,005 tonnes of used garments in 2019 though its network of take-back points last year – an increase of 40% from 2018 – reaching its goal of 25,000 tonnes annually a year early. It also announced it will no longer source conventional cotton after achieving 97% recycled or sustainably sourced cotton last year.

The company revealed that 57% of its materials were either recycled or sourced in a more sustainable way in 2019, taking steps towards its 100% goal for 2030.

AECOM unveils science-based targets

AECOM has become the first US-based company in the engineering and construction sector to have emission reduction targets approved by the Science Based Targets initiative (SBTi). Designed to meet the goals of the Paris Agreement, these targets include a 20% reduction in scope 1 and 2 emissions, and a 10% reduction in supply chain emissions by 2025 compared to the firm's 2018 baseline.

“Business resilience and continuity are at the forefront of what we do and how we operate so that we can help deliver a better world,“ said AECOM chairman Michael S. Burke.

Picture credit: Shutterstock

Transform articles

Water companies fail to hit environmental targets

None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.

30th July 2021

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The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.

30th July 2021

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Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.

30th July 2021

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The oil and gas industry is set to burn through its allocated carbon budget 13 years early unless decisive action is taken immediately, new analysis has found.

22nd July 2021

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The UK will no longer use unabated coal to generate electricity from October 2024, one year earlier than originally planned, the Department for Business, Energy & Industrial Strategy has announced.

2nd July 2021

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The UK government is not on track to deliver on its promise to improve the environment within a generation and is failing to stem the tide of biodiversity loss, a damning new report from MPs has revealed.

1st July 2021

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Renewable energy will account for nearly 40% of the world's power mix by the end of this decade, overtaking coal within the next few years, according to research by GlobalData.

24th June 2021

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The UK's solar energy capacity must treble over the next decade for the country to achieve net-zero emissions by 2050, but is only set to double under a business-as-usual scenario.

18th June 2021

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The Taskforce on Nature-related Financial Disclosures (TNFD) has today been launched to support financial institutions and corporates in assessing and managing emerging risks and opportunities as the world looks to reverse biodiversity loss.

4th June 2021

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