Etsy s annex office in Hudson, New York. Courtesy of Etsy.
Scope 3 emissions are the hardest emissions for companies to address when setting goals. But often, they are the most emissions to take on. For Etsy, the e-commerce marketplace known for handmade items such as jewelry, art and apparel, Scope 3 emissions make up 99 percent of the company s carbon footprint. That s why it s prioritizing engagement with sellers in its marketplace to drive down emissions.
The ambition is part of the company s net-zero carbon emissions by 2030 goal, which it set in February. I know many companies have different definitions of net-zero. We are definitely following the Science-Based Targets Initiative’s (SBTI) forthcoming emerging definition around net-zero, said Chelsea Mozen, director of sustainability at Etsy, who as one of the company’s first sustainability hires has helped build its strategy from the ground up.
March 15, 2021
Dust storms are a hazard of climate change, yet leading financial disclosure initiatives fail to include this and other hazards in their physical climate risk assessment guidance. Photo by Caleb Holder on Shutterstock.
This article originally was published on World Resources Institute.
The record-breaking wildfires and hurricanes of 2020 may not stand out as the worst catastrophes in a year defined by compounding crises. But these natural disasters are among the long list of physical climate hazards becoming more frequent and intense. Globally, natural disasters caused $210 billion in damages in 2020, $95 billion in the United States alone.
Scientific evidence tells us these trends will only worsen as global temperatures rise, taking a toll on human life, infrastructure, economic activity and financial stability especially if risks continue to go underpriced. By 2100, climate change could cost the global economy hundreds of trillions of dollars.
SBTi validates UltraTechâs CO2 emissions reduction targets 15 March 2021
UltraTech Cement, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has announced the validation of its CO
2 emissions reduction targets by the Science-Based Targets Initiative (SBTi).
In July 2020 the company committed to set science-based targets to reduce its greenhouse gas (GHG) emissions. UltraTech Cement Ltd commits to reduce Scope 1 GHG intensity by 27 per cent by 2032 from the base year of 2017. The company also commits to reduce Scope 2 GHG intensity by 69 per cent within the same time frame. The SBTi has validated UltraTech’s GHG reduction targets which covers the target to lower its CO
Dixons Carphone plots path to net-zero supply chain emissions
After pledging to become a net-zero business by 2040, Dixons Carphone has announced plans to help its 10,000 suppliers measure and reduce their climate impact.
Dixons Carphone operates 14 brands across eight countries, including Currys PC World here in the UK. Collectively, these brands have around 10,000 suppliers.
The retailer first made the overarching emissions commitment as part of the British Retail Consortium’s Climate Action Roadmap. More than 60 big-name brands are supporting the collective transition to net-zero ahead of the UK Government’s national deadline in total.
As is the case for many businesses in this sector, Dixons Carphone’s supply chain accounts for a large proportion of its overall carbon footprint. To that end, the company has announced plans to work with consultancy EcoVadis to help suppliers measure, disclose and reduce their emissions.
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