GHG Emissions | Page 68

The U.S. Department of Energy issued the Voluntary Carbon Markets (VCMs) Joint Policy Statement to provide guidance on how to advance high-integrity VCMs and fully achieve the potential of these markets. This column summarizes voluntary principles that U.S. market participants, including corporate buyers, should embrace as they engage in VCMs.

Armstrong World Industries, Inc., a designer and manufacturer of ceiling and wall solutions, lowered its Scope 1 and 2 emissions by 12% from a 2019 baseline.

Cleveland-Cliffs Inc. announced that it has set new GHG emissions reduction targets, including a target to lower Scope 1 and 2 GHG emissions intensity per metric ton of crude steel by 30% by 2035.

PPG, a paints, coatings and specialty materials manufacturer, announced strong progress against its near-term 2030 environmental, social and governance targets, including a 10% reduction in GHG emissions within the company’s own operations.

The U.S. Navy partnered for the Kūpono Solar project in Hawaii to lower over 50,000 tons of CO2 in the state.

BIC, a global company that manufactures stationery, lighters and shavers, announced that it lowered its Scope 1 and 2 emissions by 72% compared to 2022 and reached a 91% renewable energy usage commitment on all sites by 2025.

Bruynzeel Storage Systems, a mobile storage system company based in the Netherlands, announced setting net zero goals for 2035.

Huntsman Corporation, a specialty chemicals manufacturer, announced a 60% collective progress on its near-term Horizon 2025 targets.

Construction began at the U.S. National Archives and Records Administration (NARA) sites in College Park, Maryland, and Washington, D.C., for an Energy Savings Performance Contract (ESPC).