Energy Management Articles | Page 399

Hexion Inc. announced its commitment to reduce carbon emissions by 20% by 2030 from a 2017 baseline to address climate change.

JBS Foods USA in Illinois is saving approximately $250,000 a year in energy costs because of its solar projects funded through the state's C-PACE program.

More businesses are auditing their greenhouse gas (GHG) emissions sources to find areas of improvement in order to comply with statewide clean energy regulations and to meet ESG goals to attract investors. In this article, Constellation advises starting the process by understanding Scope 1, 2, and 3 emissions.

Amazon has issued a $1B Sustainability Bond, whose proceeds will fund sustainability and social projects.

Caterpillar, Inc. announced on May 11 new sustainability goals centered around climate, environment, and safety. Among the goals to achieve by 2030 in operations energy and emissions: a science-based Scope 1 and 2 goal to reduce absolute GHG emissions from its operations by 30% from 2018 to 2030. 

Thanks to three large solar projects, Hawaii Island – also known as the Big Island - may be the first in the state to hit 100% of its renewable energy goal, hitting that mark by 2023 and reaching 110% by 2024, according to the Hawaiian Electric Company.

ENGIE North America announced on May 11 that its Houston headquarters is now under contract to use 100% renewable energy from its own Live Oak wind project in Texas.

In its first comprehensive environmental, social and governance (ESG) strategy, Bed Bath & Beyond has set a 2040 target of net zero emissions.

The American Cleaning Institute (ACI) has challenged cleaning product companies to align their operations with the Paris Climate Agreement, achieving net zero emissions by 2050. So far, at least fifteen cleaning product suppliers have risen to the challenge by making science-based climate commitments. 

HSBC Bank USA has introduced Green Deposits for businesses. These deposits give commercial clients the option to support decarbonization initiatives with their cash reserves.