BMO Financial Group Recognized by CDP for Best Practice in Climate Change
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BMO ranked at Leadership Level with A- score, surpassing international financial services sector average
TORONTO, Dec. 16, 2020 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced it has been recognized by CDP for its strong actions and transparency in the areas of climate change governance, climate change risk management, and greenhouse gas emissions reduction. CDP, a not-for-profit charity, provides a global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts.
More than 9,600 companies globally disclosed through CDP in 2020, 14 per cent more than last year and 70 per cent more than when the Paris Agreement was signed. Companies were scored according to the comprehensiveness of their disclosure and their actions towards a net-zero emissions economy. BMO s A- score puts the bank in the Lead
Hawaiian Airlines First Corporate Kuleana Report Outlines Environmental, Social and Governance Achievements
Carrier devoted to environmental and cultural protection, wellbeing of its communities
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HONOLULU, Dec. 16, 2020 /PRNewswire/ Hawaiian Airlines today published its inaugural Corporate Kuleana Report outlining progress advancing a host of environmental, social and governance (ESG) initiatives. Among key accomplishments, the carrier: lowered carbon emissions even as it increased flight operations from 2018 to 2019; continued to engage travelers in cultural and environmental awareness and protection; and bolstered efforts by its Team Kōkua employee volunteer and giving program to support communities and care for residents facing hardship due to the COVID-19 pandemic.
Ovintiv™ Targets 33% Reduction in Methane Intensity by 2025
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Metric to be directly tied to compensation for all employees
DENVER, Dec. 16, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today disclosed a goal to reduce methane intensity 33% by 2025. The objective, approved this week by its board of directors, will be tied to Ovintiv s annual incentive compensation program for all employees beginning in 2021. The significant reduction will be benchmarked against the Company s 2019 actual methane intensity of 0.15 metric tons CH
4/thousand barrels of oil equivalent (CH
4/MBOE), which was recently disclosed in its 16
th annual sustainability report (https://www.ovintiv.com/sustainability/). The 33% reduction in methane intensity to 0.10 metric tons CH
December 14, 2020
The world of socially responsible investments that track environmental, social, and governance principles is disparate and varied, but the world is working toward a greater standardization to keep the ESG theme in line.
Janine Guillot, head of the Sustainability Accounting Standards Board, argued that reporting standards in ESG investing could converge within 12 to 24 months, Barron’s reports.
In a joint interview with Brian Moynihan, CEO of Bank of America, he backed the work of SASB, which provided a leading framework to report sustainable metrics. While there are competing efforts by the International Business Council of the World Economic Forum, which he leads, and the Big Four Accounting Firms, their intentions should not be misconstrued.
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Strong Progress on Multi-Year Sustainability Goals
Enhanced Target to Achieve Goal of 100% Net Carbon-Free Electricity Use by End of Fiscal 2022
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), one of the largest manufacturers and exporters of recycled metal products in North America, today announced the release of its Fiscal 2020 Sustainability Report, Resourceful. Responsible. Resilient. The report is available on Schnitzer s website and highlights the Company s commitment to creating a lasting positive impact for our people, customers, suppliers and communities across all our operations while delivering long-term value to shareholders. There is no playbook for a year like this past one, but there is certainly a legacy at our Company of facing challenges head-on and successfully navigating through the toughest of times. Schnitzer and our stakeholders are meeting the challenges of our time because of several key strengths we have developed over the years. In our Fiscal