GHG Emissions | Page 341

Climate change poses an urgent threat to the American economy. As this column from Ceres notes, companies across all sectors understand what is at stake and are already taking concrete steps to accelerate the transition to a zero-carbon economy and ensure they remain competitive in the global economy.

Verizon announced the company will go carbon neutral by 2035 in its Scope 1 and Scope 2 emissions. This goal will be achieved through a combination of reducing those emissions directly, migrating energy procurement in favor of renewable and clean energy and through the purchase of carbon offsets. 

Lockheed Martin has implemented 53 energy efficiency and carbon reduction projects, including HVAC, lighting, building control systems, renewable energy, and retro-commissioning, resulting in an annual energy reduction of an estimated equivalent of 29 million kWh and $2.2 million in recurring annual cost avoidance.

Walmart suppliers who demonstrate progress in their sustainability credentials will have access to improved financing from HSBC, thanks to a partnership between the two companies.

Agilent Technologies, a global leader in life sciences, diagnostics, and applied chemical markets, is now using clean electric power at its corporate headquarters in Santa Clara, Calif. and a business unit in Little Falls, Del. to reduce its carbon footprint by almost 4,000 metric tons of CO2 per year.

General Mills' greenhouse gas emissions footprint decreased 13% in 2018 compared to 2010, across its value chain in the areas of agriculture, packaging, producing, shipping, converting, selling and consuming.

Whirlpool has developed a new global emissions management system to improve transparency about product emissions as the company moves towards its goal to reduce carbon emissions by 30% from 2005 levels by 2025.

Murphy Oil Corporation has spent approximately $95 million from 2015 to 2018 on environmental expenditures in order to reduce GHG and other emissions. The company reported this investment with the release of its inaugural sustainability report

Last year, Daniel Hill of EDF Climate Corps identified top corporate sustainability trends and revisited these trends six months later. Now he's repeating the process for 2019.

The University of Michigan has committed to purchase approximately 200,000 megawatt hours of renewable energy annually beginning in 2021. The deal puts the University on track to reduce GHG emissions significantly by powering about half of the purchased electricity for the Ann Arbor campus with Michigan-sourced renewable resources.