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🚨 Federal buildings to get $1B sustainability upgrade

🔔 Efficiencies expected to avoid 2.3 million metric tons of emissions over equipment lifetime

🔔 Funded by the Inflation Reduction Act the Biden administration confirmed on Tuesday

Source: The Hill
https://conta.cc/3CDfTFm

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Federal buildings to get $1B sustainability upgrade from climate law Nearly $1 billion from the Democrats’ Inflation Reduction Act will go toward climate-friendly upgrades for federal buildings, the Biden administration said on Tuesday. According to a press release…

🚨 Mercedes-Benz and H2 Green Steel secure supply deal in Europe

🔔 ~50,000 tonnes almost CO₂-free steel per year from 2025
🔔 Mercedes-Benz and H2GS also aim to establish green steel in North America

Source: Mercedes-Benz
https://group.mercedes-benz.com/sustainability/climate/h2-green-steel.html
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Mercedes-Benz and H2 Green Steel secure supply deal | Mercedes-Benz Group Mercedes-Benz signed a supply agreement with Swedish start-up H2 Green Steel (H2GS) over approximately 50.000 tonnes almost CO₂-free steel per year for its European press shops and deepened its partnership through a Memorandum of Understanding with the aim to establish a sustainable steel supply c...

🚨 News alert: People Want Transparency on Climate Progress - the Good, the Bad & the Ugly

🔔 “new Adweek-Morning Consult survey shows roughly three-quarters of Americans think it’s important for brands to regularly update the public on their progress toward sustainability”

Source: AdWeek
https://www.adweek.com/convergent-tv/people-want-transparency-on-climate-progress-the-good-the-bad-and-the-ugly/
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Consumers Want Transparency on Climate Progress That means brands must be honest about failures and rethink consumption.

🚨 News alert: Ocean treaty: Historic agreement reached after decade of talks (BBC)

🔔 The High Seas Treaty aims to place 30% of the seas into protected areas by 2030, to safeguard and recuperate marine nature.
🔔 This new deal follows 10 years of negotiation; the last such successful Ocean pact was in 1982

Source: BBC
https://www.bbc.com/news/science-environment-64815782
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Ocean treaty: Historic agreement reached after decade of talks Countries have reached a landmark agreement to put 30% of the world's oceans into protection.

🚨 News alert: 50% of organizations plan to increase budgets related to emissions reduction (Honeywell)

🔔 Spend expected to increase by over 20% over the coming 12 months
🔔 Sustainability cited by 71% of organizations as of one of their top five priorities… North American organizations appear to trail most other regions

Source: Jan 2023 release of Honeywell's Environmental Sustainability Index: https://conta.cc/3Y9EsCz

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Quarterly Honeywell Environmental Sustainability Index Shows Companies Remain Bullish On Sustainability Roadmaps Despite Potential Economic Slowdown Organizations are increasingly taking a balanced approach to their environmental initiatives, embracing more and more technological solutions alongside process changes The current economic and...

🚨 News alert: Workers are gravitating to sustainable companies that echo their beliefs (NY Post)

🔔 2/3 survey respondents indicated that they would be more likely to apply for a job at a company committed to sustainable practices

🔔 3/5 said they would avoid employers they perceive as having a negative impact on the environment

Source: NY Post, Handshake
https://conta.cc/403gWJ1

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Workers are gravitating to sustainable companies that echo their beliefs For more and more job seekers, working for a company that supports the planet is top of mind.

🚨 News alert: New York state introducing $1bn carbon program; new costs, penalties & incentives

🔔 NY’s new ‘cap and invest program’ will “set a cap on greenhouse gas emissions and shares the revenues with New Yorkers from disadvantaged communities to help cover utility bills, transportation costs and decarbonization efforts”

📣 Why it matters: NY has committed to 40% emissions reduction by 2030, and at least 85% by 2050. This will take action which requires funding and enforcement.

https://conta.cc/3WbahJU

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Governor Hochul Unveils Cap-and-Invest Program to Reduce Greenhouse Gas Emissions and Combat Climate Change - NYSERDA Governor Kathy Hochul today announced a Cap-and-Invest Program to fund a sustainable and affordable future for all New Yorkers as part of the 2023 State of the State.

🎉 Happy New Year! Sustainability news in brief: now a value driver for PE cos (BCG)

❄️ Private equity firms now view climate and sustainability as value drivers rather than just compliance and reporting requirements, senior partners at consulting firm BCG said → Go deeper here: https://conta.cc/3X1CYKw

🧐 Why it matters: if you are a B2B supplier of a large corporation, and if you manage to transform your operations and reduce your CO2 emissions, then you are a powerful lever for your large corporate clients to manage some of their pain points and reduce its scope three carbon emissions.

Sustainability has become value driver for PE cos: BCG Private equity firms now view climate and sustainability as value drivers rather than just compliance and reporting requirements, senior partners at consulting firm BCG said

🎉 Happy Holidays! Here's one more bite size sustainability topic before the New Year!

❄️ Climate change is causing less snowfall globally, but higher temperatures are causing an increase in overall precipitation → Go deeper here: https://conta.cc/3jpPAwb

🧐 Why it matters: Winter storms like the current one covering much of the US will be more frequent, as higher temperature allows the air to hold more water. Places where the temperature lies below 32 degrees will still experience the precipitation in the form of snow.

How Climate Change Can Supercharge Snowstorms Less snow is falling in a warming world, but higher temperatures also allow the air to hold more water, creating additional precipitation.

☕️ GM from Veritrove HQ, where we send bite-sized sustainability news straight to your feed.

🌲 Nations promise to protect 30 percent of planet to stem extinction. → Go deeper here: https://conta.cc/3GddlAB.

🧐 Why it matters: The 10-year deal sets nearly two dozen targets. The banner commitment calls on nations to collectively conserve for wildlife at least 30 percent of land, inland waterways, and coastal and ocean areas by 2030 — the promise dubbed “30 by 30.”

Nations promise to protect 30 percent of planet to stem extinction Close to 200 nations pledged to protect nearly a third of Earth’s land and oceans as a refuge for the planet’s remaining wild plants and animals by 2030.

☕️ GM from Veritrove HQ, where we send bite-sized sustainability news straight to your feed.

📲 The EU struck a deal to impose CO2 emissions tariffs on imports of polluting goods such as iron, steel, aluminum, fertilizers, and electricity. → Go deeper here https://conta.cc/3FyNqSe.

🧐 Why it matters: This is a world-first scheme that aims to support European industries on their journey to decarbonize. Mohammed Chahim, European Parliament's lead negotiator on the law, said, "It is one of the only mechanisms we have to incentivise our trading partners to decarbonise their manufacturing industry,"

EU strikes deal on world-first carbon border tariff After all-night negotiations, the European Union struck a political deal on Tuesday to impose a carbon dioxide emissions tariff on imports of polluting goods such as steel and cement, a world-first scheme aiming to support European industries as they decarbonise.