Industrial | Page 65

Colgate-Palmolive reduced emissions 37.5% from 2002 to 2020 and now is accelerating its action on climate change.

Newmont Corporation announced June 3 that it is committed to a 30% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 2 emissions by 2030, intending to be carbon neutral by 2050.

Arconic Corporation announced June 2 that it successfully decreased greenhouse gas emissions by 13.8% from 2019 to 2020.

United Microelectronics Corporation announced June 1 its commitment to being net-zero by 2050.

Citi, Goldman Sachs, ING, Societe Generale, Standard Chartered and UniCredit are collaborating on developing a finance agreement that will support the decarbonization of the steel industry.

Organic Valley dairy farms were found to have a smaller carbon footprint than the average U.S. dairy farm in a new study conducted by the University of Wisconsin-Madison.

Kao Corporation announced May 18 that it is targeting net-zero carbon emissions by 2040 and to be a carbon-negative company by 2050.

It’s clear that an increasing number of industry leaders have taken the first steps toward carbon neutrality, while simultaneously optimizing their energy bill costs. Few, however, are well-advanced in their promises and actions.  This column from management consultancy Arthur D. Little explores hurdles and options industrial and large commercial companies should consider in order to achieve their ambitions.

The U.S. DOE's Better Buildings Initiative saved $13.5 billion in energy costs and more than 130 million metric tons of carbon emissions in the past year.

IFF announced May 13 that it achieved all its key sustainability targets set for 2020 and surpassed its emissions target by reducing greenhouse gas emissions 42.6% below 2010 levels.