GHG Emissions | Page 315

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.  

Citigroup's new CEO, Jane Fraser, announced on her first day as CEO on March 1 that the investment bank will be net zero in carbon emissions by 2050.

Seafood provider Cargill announced on March 1 that its SeaFurther Sustainability initiative will help aqua farmers raise more sustainable seafood with less environmental impact.

IKEA announced on Feb. 25 that it has completed its first solar car park at its Baltimore location. The location has already seen an 84% decrease in the amount of energy needed to be purchased between September – December 2020, equating to a 57% energy cost savings for the store.

The Hershey Company announced new commitments on March 1 to advance its environmental progress and contribute to global climate action.

Equinix announced Feb. 25 that it priced its second green bond offering for €1.1 billion to go toward advancing its sustainability initiatives and reducing its environmental impact.

It's the weekend! Kick back and catch up with these must-read articles from around the web.

Public companies have a responsibility to deliver long-term sustainable value, but the definition of that value has evolved beyond a return on investments for institutional and individual investors. In this column, Stacie Haas explains how Fifth Third Bank became the first regional commercial bank to achieve carbon neutrality, an achievement that wouldn’t have been possible without a strategic focus on ESG.