GHG Emissions | Page 239

Otis Worldwide Corp. announced a target is to reduce its Scope 1 and 2 emissions 50% by 2030. The company has already achieved a 7% reduction in Scope 1 and Scope 2 emissions versus its 2019 baseline.

Lenovo announced it plans to achieve net zero by 2050.

Tele2 AB announced it already met its objective of a 90% reduction in Scope 1 and 2 GHG emissions in advance of the original target deadline in 2025 and based on Science Based Target Initiative (SBTi) approved targets.

Zurich Insurance Group (Zurich) is bringing forward by 20 years its target to achieve net zero emissions in its operations and now aims to reach the goal by 2030.

CIBC announced targets to significantly reduce the carbon intensity of its financed emissions in the oil and gas sector by 2030.

NXP Semiconductors N.V. announced its future goals, which include achieving carbon neutrality by 2035.

In a major step forward for transparency, the Securities and Exchange Commission proposed on March 21 that public companies be required to publish their greenhouse gas (GHG) emissions. In this column, Cliff Majersik, IMT's Senior Advisor, Policy and Programs, outlines the real estate implications of this proposed rule on climate risk disclosure

Marsh McLennan announced its commitment to set and execute low carbon transition strategies that chart a path to net zero across its operations by 2050.

The U.S. Department of Energy (DOE) announced new building energy code requirements for federal buildings that will ensure that the federal government leads by example in energy efficiency.

Modesto City Schools in California purchased 30 zero-emission school buses to rapidly convert nearly 50% of its diesel-powered bus fleet to clean energy to reduce GHG gas emissions.