Good morning. Here are the latest news developments, trends, and research findings that sustainable technology partners need to know for Monday, December 26.
1. U.S. Government Consultancy Disclosures: The Biden-Harris administration in November 2022 proposed the Federal Supplier Climate Risks and Resilience Rule, which would require major federal contractors to publicly disclose their greenhouse gas emissions and climate-related financial risks and set science-based emissions reduction targets.
2. Ranking Companies on Climate Change: These 330+ companies are leading the way in environmental transparency and performance on climate change, deforestation and water security, according to CDP.
3. Green Data Centers - SCOPE 3 Milestone: Scala Data Centers of Brazil has achieved 100% Scope 3, as recommended by the GHG Protocol.
4. Research - SCOPE 3 Disclosures: 77% of the companies do not plan to report their Scope 3 emissions in 2022, although 36% of public companies plan to make that information available, according to Thompson Hine research findings.
5. Green Data Centers - Asia: The green data center market in Asia will reach $13.12 billion in 2027, up from $7.019 billion in 2021. That's a 10.99% compound annual growth rate (CAGR) , according to MarketsAndMarkets. China plans to be carbon neutral by 2060; India targets net zero by 2070 and aims to derive around 50% of its energy through renewable sources by 2030; and Japan aims to be carbon neutral by 2050, the report notes.
6. Rebrand: NewForesight, a strategic consultancy focused on sustainability and ESG topics, has launched a new brand and identity. NewForesight, based in The Netherlands, helps customers to focus on the UN’s sustainable development goals (SDGs).
7. Financial Services: JPMorgan set targets to cut emissions tied to its finance and dealmaking in the iron and steel, cement and aviation sectors, as those emissions linked to oil and gas usage rose, Reuters reported. After releasing targets for oil and gas, electric power and autos in 2021, the new sector targets mean the bank now has plans to reduce emissions from all of the sectors most responsible for climate-damaging carbon emissions, Reuters noted.
8. Green Energy: Form Energy Inc., an energy-storage company backed by Bill Gates’s Breakthrough Energy Ventures, is planning a $760 million factory in West Virginia, the latest plant announced in the aftermath of President Joe Biden’s landmark climate law, Bloomberg reported.
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