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NS Debuts Green Bond Funding - Railway Age

NS Debuts Green Bond Funding NS Debuts Green Bond Funding Written by Marybeth Luczak, Executive Editor NS’s Green Financing Framework outlines the projects that can be funded with proceeds from its green bond offering. Among them: Improving the locomotive fleet’s fuel efficiency. Norfolk Southern (NS) has issued $500 million of green bonds to fund its sustainable business initiatives. NS’s Green Financing Framework (download below) outlines the projects that can be funded with proceeds from the green bond offering. Among them: Improving the locomotive fleet’s fuel efficiency. This can be accomplished with the purchase of new units (Modern Tier 4 compliant high-horsepower or equivalent), and the acquisition and installation of technology and/or devices that will improve efficiency, for instance.

Chiesi Group calls for #ActionOverWords in climate change fight

Chiesi Group calls for #ActionOverWords in climate change fight News provided by Share this article #ActionOverWords to encourage measurable sustainability action and invite accountability. Announcing its 2035 carbon neutral target, Chiesi is not the first company to make public commitments to reduce its carbon footprint, but wants to start a conversation about corporate action: the need to move from celebrating commitments to celebrating measurable progress, independently audited. It s time to make announcements that mean something,   Ugo Di Francesco, Chiesi Group CEO said .   Companies should be held accountable for their commitments and society should not forget promises made. We want to commit

UltraTech Cement Limited shares financial results

Advertisement UltraTech Cement Limited has announced its financial results for the quarter and year ended 31 March 2021. COVID-19 UltraTech’s recovery from the COVID-19 led disruption of the economy during FY21 has been rapid. The ‘overheads control programme’, prudent working capital management and control on cash flows were the main drivers, aided by quick revival of demand and supply side restoration. This has resulted in the company’s encouraging performance, even during such trying times. UltraTech achieved an effective capacity utilisation of 93% during the quarter. As part of its commitment to society, UltraTech spent Rs.120 crores towards various initiatives undertaken during the year to support the country in its fight against the pandemic. The company continues to give primacy to the safety and well-being of its employees and business partners. It has also undertaken a vaccination programme for more than 100 000 employees and their dependents.

Food services firm Compass targets net-zero emissions by 2030

Food services firm Compass targets net-zero emissions by 2030 The UK s largest food services company, Compass Group UK & Ireland, will switch to 100% electric vehicles (EVs), move 40% of its food offerings to plant-based proteins and will launch a £1m carbon reduction fund in a bid to reach net-zero emissions by 2030. Compass Group has become a signatory of Business Ambition for 1.5°C Compass Group UK & Ireland has unveiled the steps it will take to reach net-zero emissions across its own operations and value chain by 2030. The company will attempt to deliver a 55% reduction in emissions across the value chain by 2025, rising to 65% for 2030 from a 2019 baseline. Targets to be developed through the Science-Based Targets Initiative (SBTi) criteria.

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