GHG Emissions | Page 293

Mitsubishi Heavy Industries Engineering (MHIENG) announced March 5 that it entered into an agreement that will allow it to begin testing its carbon capture technology at a plant in Mongstad, Norway.

Aflac Incorporated announced March 8 that it has issued its first sustainability bond at $400 million to finance existing or future investments in environmental or social projects.

Chevron Corporation announced plans to increase return on capital employed and lower carbon intensity. During its annual inventory meeting on March 9, Michael Wirth, Chevron's chairman and CEO said, "We're building on our track record of capital and cost discipline to deliver higher returns. And we're taking action to advance a lower carbon future."

Rayonier announced March 1 that in 2019 its timberland assets sequestered an estimated 5.7 million tons of CO2 equivalents from the atmosphere, after accounting for carbon emitted through operations and carbon removed to customers through harvest activity.

The City of Santa Monica announced on Feb. 25 that it deployed a zero-emissions delivery zone within a one-square mile voluntary area by partnering with tech and delivery companies and community organizations.

A.P. Moller - Maersk recently announced that it will be launching the world’s first carbon neutral liner vessel in 2023, seven years ahead of its original target date.

Within Cisco’s direct operations, the main source of emissions is the energy required to operate labs and data centers. Catherine Paquette of Cisco explains in this column how the unique approach of the company's Global Energy Management and Sustainability (GEMS) team has driven progress toward achieving their Scope 1 and 2 GHG reduction goals.

Royal Bank of Canada (RBC) announced its intent to increase its sustainable financing by $500 billion by 2025 and achieve net zero emissions in its lending by 2050.

Kellogg announced on March 3 that it will achieve more than 50% renewable energy to address the electricity needs of its owned manufacturing globally by the end of 2022.

FedEx Corp. announced on March 3 that it set a goal to achieve carbon–neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of the initial investment in three key areas: vehicle electrification, sustainable energy and carbon sequestration.