United Parcel Service – Set Science Based Targets (2023)
Whereas: In 2018, the Intergovernmental Panel on Climate Change updated the goals of the 2015 Paris Agreement to advise that net carbon emissions must fall 45 percent by 2030 and reach net zero by 2050 to limit warming below 1.5 degrees Celsius, thereby preventing the worst consequences of climate change. Climate change poses risks to United Parcel Service (UPS). Exceeding 1.5 degrees is predicted to increase sea level rise, severe heat waves, floods, and hurricanes, which may lead to shipping delays, including from washed out roadways,[1] deterioration of bridge infrastructure,[2] and buckling[3] and flooding of airport runways.[4] Shipping delays related …
Quanta Services, Inc. – GHG Goals (2023)
Whereas: The Intergovernmental Panel on Climate Change has advised that greenhouse gas (GHG) emissions must be halved by 2030 and reach net zero by 2050 to limit global warming to 1.5 degrees Celsius. Exceeding 1.5 ° presents risks to the global economy and investors with global GDP loss estimated to be 11-14% by midcentury under current trajectories.[1] A warming climate is associated with supply chain disruptions, reduced resource availability, lost production, political instability, reduced worker efficiency, and adverse health impacts that disproportionally affect low-income communities and communities of color. Quanta Services Incorporated (Quanta) disclosed its Scope 1 and 2 emissions …
Bank of America Corp – No Fossil Fuel Expansion Policy (2023)
Whereas: Climate change poses a systemic risk, with estimated global GDP loss of 11-14% by midcentury under current trajectories.[1] Climate change is primarily caused by fossil fuel production and combustion, facilitated by funding from financial institutions. According to scientific consensus, limiting warming to 1.5°C means no development of new oil and gas fields or coal mines beyond those already approved.[2] Existing fossil fuel supplies are sufficient to satisfy global energy needs.[3] New supplies would not produce in time to mitigate current energy market turmoil resulting from the Ukraine War.[4] Bank of America (BAC) has committed to align its financing with …
The Walt Disney Company – Chemical Management
Resolved: Shareholders of The Walt Disney Company (“Disney” or the “Company”) request that the board of directors’ report to shareholders, at reasonable expense and excluding proprietary information, on the outcomes of the Company’s chemical reduction efforts by publishing quantitative and qualitative data on progress to eliminate the use of chemicals of concern. Supporting Statement: Shareholders leave the specific disclosures to management’s discretion, but recommended considerations include: • Evaluation of vendor compliance with the Company’s chemical policies; • Measure of chemical footprint in private label and third-party products; • Set reduction goals, and track and disclose progress against a baseline; and …
Costco Wholesale Corporation – Chemical Management (2022)
Resolved: Shareholders of Costco Wholesale Corporation (the “Company”) request that the board of directors’ report to shareholders, at reasonable expense and excluding proprietary information, on the outcomes of the Company’s chemical reduction efforts by publishing quantitative and qualitative data on progress to eliminate the use of chemicals of concern. Supporting Statement: Shareholders leave the method of disclosure to management’s discretion, but recommended considerations include: • Evaluation of vendor compliance with the Company’s chemical policies; • Measure of chemical footprint in private label and third-party products; • Set reduction goals, and track and disclose progress against a baseline; and • Disclosure …
United Parcel Service – GHG Goal Audit (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change evaluated the goals of the 2015 Paris Agreement and advised that net carbon emissions must fall 45% by 2030 and reach net zero by 2050 in order to limit warming below 1.5 degrees Celsius and prevent the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. (1) Exceeding 1.5 degrees Celsius presents risks to the global economy and investors: up to 10% of total global economic value is projected to be lost by 2050 under current emissions trajectories. A warming …
SBA Communications – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change evaluated the goals of the 2015 Paris Agreement and advised that net carbon emissions must fall 45% by 2030 and reach net zero by 2050 in order to limit warming below 1.5 degrees Celsius and prevent the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. (1) Exceeding 1.5 degrees Celsius presents risks to the global economy and investors: up to 10% of total global economic value is projected to be lost by 2050 under current emissions trajectories. A warming …
Middleby Corporation – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change evaluated the goals of the 2015 Paris Agreement and advised that net carbon emissions must fall 45% by 2030 and reach net zero by 2050 in order to limit warming below 1.5 degrees Celsius and prevent the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. (1) Exceeding 1.5 degrees Celsius presents risks to the global economy and investors: up to 10% of total global economic value is projected to be lost by 2050 under current emissions trajectories. A warming …
J.B. Hunt – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change updated the goals of the 2015 Paris Agreement to advise that net carbon emissions must fall 45 percent by 2030 and reach net zero by 2050 to limit warming below 1.5 degrees Celsius, thereby preventing the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. (1) Exceeding 1.5 degrees Celsius presents risks to the global economy and investors: up to 10% of total global economic value is projected to be lost by 2050 under current emissions trajectories. (2) A warming …
Darling Ingredients , Inc. – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change advised that greenhouse gas emissions must be reduced 45% by 2030 and reach net zero by 2050 to limit warming to 1.5° Celsius, prevent the worst consequences of climate change, and meet the goals of the Paris Agreement. In 2021, the UN reported that the world is “way off track” in its efforts to achieve these targets. Companies must therefore act rapidly to reduce emissions in line with these science-based goals. While Darling asserts its commitment to “reducing the direct climate impact of our own activities,” Darling’s absolute Scope 1 and …
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