Insights

With COP28 looming, companies must proactively address emissions and report real progress on corporate climate goals.

For companies that do not own their own trucks, but contract transportation suppliers for moving their goods, reducing Scope 3 emissions is paramount.

Big banks have made progress in setting climate commitments recently, but disclosure of their portfolio emissions are inconsistent and unclear.

IMO plans to revise its GHG strategy for maritime shipping July 2023. The industry is responsible for 3% of global GHG emissions.

Bottomline: IRA provisions are good for profit and for the planet. They can also help companies make progress towards climate commitments.

The maritime shipping industry is increasingly coming together around the need to explore new fuels and operational models to reduce emissions.

2023 World Bank data indicates trouble for the goal of zero routine flaring by 2030. Oil & gas producers must cut flaring by 20% per year to meet ZRF.

The Climate Principles can create opportunities to create long-term value, and shape a new paradigm for oil and gas transactions to reduce global GHG.