Energy Management Articles | Page 407

Wells Fargo announced March 8 that it plans to achieve net zero greenhouse gas emissions across business operations and in its financed emissions by 2050.

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.

The City of Santa Fe, N.M., announced March 9 the competition of an energy efficiency project that is expected to save the city $88,649 in annual electricity and natural gas costs.

Abercrombie & Fitch Co. recently announced its commitment to power its global headquarters in Ohio and its distribution centers with 100% renewable energy from 2023, and subsequently signed a 13-year agreement to source all the clean electricity necessary to achieve that goal. 

Bridgestone, a global provider of tires and sustainable mobility solutions, announced on March 2 that it has installed its first ground-mounted solar array, providing power directly to its manufacturing process.

Chipotle Mexican Grill announced last week a new Environmental, Social and Governance (ESG) structure that will hold its executives more accountable to its goals by tying executive compensation to its ESG accomplishments.

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."

Mastercard announced March 3 that it successfully priced a $600 million Sustainability Bond that will fund projects in carbon reduction, supporting environmental choices for customers and fostering inclusive growth.

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.