![]() By the time the summit concluded on November 13, many of the world’s largest companies and financial institutions had voluntarily announced bold new plans aimed at mitigating global warming. CNN Sans ™ & © 2016 Cable News Network.March 7, 2022In retrospect, the most significant outcome of COP26-the UN Conference on Climate Change that convened in Glasgow on October 31, after a year-long postponement-may not have been the formal agreement hammered out by diplomats in the main plenary hall but the momentum that emerged from the meetings and conversations among global business leaders that took place along the sidelines.įrom the outset, the sheer size of the private-sector turnout at COP26 suggested that industry was no longer prepared to stand by and wait for government action. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The move will require a $27 billion investment. The company plans to reach the goal by transitioning to battery-powered electric vehicles or other zero-emission technologies. General Motors, the largest automaker in the United States by sales, plans to be completely carbon neutral by 2040, and it hopes to offer only zero-emission cars by 2035. The company hopes to have electric cars make up half of its sales in 2025, and hybrid cars will make up the other half of sales. Volvo announced that by 2030, it will sell only electric cars, and only online. (CBEAX), which has long been a major backer of oil, natural gas and coal projects that climate activists warn threaten the planet. And while 2050 is far away, the announcement is a big step for Wells Fargo ![]() (CBEAX) announced its goal of hitting net-zero greenhouse gas emissions - including from the companies and projects it finances - by 2050. (NKE) stores in the United States, and it plans to expand to 15 locations by the end of April and several more by the end of the year. ![]() (NKE) said it’s currently selling the returned shoes in eight Nike After cleaning and sanitizing the shoes, the company plans to resell them at select stores at a reduced price. (NKE) is asking customers to bring in sneakers that are gently worn or have manufacturing flaws. It also shares information about the number of trees that are required to absorb the same amount of carbon dioxide that is released from the consumer’s purchases in specific categories. The tool focuses on specific spending categories but doesn’t track individual transactions. (MA) created a calculator that measures consumers’ carbon footprints based on what they purchase. Clicking through reveals moving pictures of melting ice caps, receding glaciers, massive urban growth and devastation from wildfires from 1984 to today. The feature, called Timelapse, turns the platform’s still images into a 4D experience. Google Earth shows the effect of climate changeĪ new Google Earth feature gives viewers a sobering look at how much climate change and human behavior have damaged the planet during the past four decades. The announcement is the latest addition to a long list of environment-focused pledges from financial institutions, but it’s believed to be the largest of its kind by a major bank. Some of the efforts will center around renewable energy, new clean technology, waste management and conservation. The bank on Thursday said it would finance or facilitate investments of $2.5 trillion over 10 years to support initiatives that focus on combating climate change and enhancing sustainable development. (JPM) is putting serious firepower behind the fight against climage change. Meanwhile, consumers are increasingly concerned about business’ carbon footprints, and companies are feeling the pressure and urgency to act.Īhead of Earth Day and Biden’s climate summit, CNN Business rounded up the latest news from Corporate America’s environmental enlightenment. A consensus appears to be taking root in Corporate America: What’s good for the environment can also be good for business.Īs President Joe Biden prepares to bring 40 world leaders together for a two-day climate summit this week, big businesses have been amplifying their sustainability initiatives and making trillion-dollar pledges to fight climate change.
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