GHG Emissions | Page 4

Bank of America announced the expansion of its environmental operations efforts to include the installation of solar panels across multiple locations through its Onsite Solar Initiative. These actions will move the bank closer to meeting its targets of carbon neutrality and purchasing 100% renewable electricity by the end of 2020, as well as its goals to reduce location-based GHG emissions by 50% and energy use by 40% in the same timeframe. 

Union Pacific’s utility conservation projects reduced energy consumption by 3.1 million kWh in 2018, which is enough to annually power more than 280 U.S. homes. The company reported that many conservation projects were employee-driven solutions such as retrofitting lights with LED bulbs and upgrading air compressor systems.

KLM Royal Dutch Airlines has committed itself for a 10-year period to the development and purchase of 75,000 metric tons of sustainable aviation fuel a year, which is expected to deliver a CO2 reduction of at least 85%, compared to fossil fuel.

General Motors and Bechtel are creating a separate company to build a network of electric vehicle fast-charging stations across the country.

ExxonMobil will be investing up to $100 million for research into technologies involving carbon capture and storage, carbon dioxide utilization, enhanced oil recovery, and other methods through a partnership announced May 8.

LG Electronics (LG) has launched its Zero Carbon 2030 initiative, committing to achieving net-zero carbon emissions from its global operations within 12 years.

Ingersoll Rand announced its 2030 sustainability aspirations, including reducing the customer carbon footprint by one gigaton1 CO2e– equivalent to the annual emissions of Italy, France, and the United Kingdom combined.

General Mills has exceeded its 10-year goal to improve energy efficiency at its 26 largest U.S.-based plants by 20% four years ahead of plan.

Chubb announced a new companywide goal to reduce its global greenhouse gas (GHG) emissions 20% on an absolute basis by 2025. The company also established a long-term goal to reduce absolute GHG emissions 40% by 2035.