Commercial | Page 31

Not all carbon offsets are created equal, and we need to evaluate them for credibility. Some ways to describe the value that high-quality offsets bring include additionality, permanence, and risk of leakage. In this blog, NRG dives further into how offset projects are evaluated as a credible tool in a company’s ongoing efforts to reduce, avoid, and offset greenhouse gas emissions.

Wolters Kluwer announced that the Science Based Targets initiative (SBTi) approved its near-term science-based emissions reduction targets.

Climate change has become increasingly front of mind, with many organizations looking for ways to reduce their carbon footprint and limit their impact on the environment. This blog from NRG explores one "tool in the toolkit" - the purchase and use of carbon offsets, which allow organizations to offset their greenhouse gas emissions by supporting a variety of sustainable projects.

Music companies Universal Music Group, Sony Music Group and Warner Music Group announced the establishment of the Music Industry Climate Collective (“MICC”).

American Airlines purchased 10,000 tons of permanent carbon removal to be delivered in early 2025.

Stericycle, Inc. set a global environmental target to achieve net zero GHG emissions for Scope 1 and 2 in the United Kingdom by 2045 and globally by 2050.

Military Ocean Terminal Concord (MOTCO) in Concord, California plans to add a 6.25MW backup power generation plant and underground transmission lines.

New York's UBS Arena announced its new formal sustainability agenda that serves to advance a commitment to environmental impact, lowering emissions and adding renewable energy.

Keysight Technologies, Inc. announced that its near-term science-based targets (SBTs) were approved by the Science Based Targets initiative (SBTi).

Starbucks Coffee Company announced its board of directors intends to establish a new Environmental, Partner and Community Impact (EPCI) board committee as part of its governance approach.