Royal DSM, a global purpose-led science-based company, pledges to purchase all of its electricity worldwide from renewable sources as well as further reduce greenhouse gas (GHG) emissions from its own operations faster with stringent new 2030 sustainability targets.
Basf Venture Capital GmbH, the corporate venture arm of Basf, has invested in Climentum Capital’s first €150 million venture fund. Both organizations will engage in a strategic relationship fostering knowledge sharing, deal sharing and co-investment opportunities. The fund is backed by other renowned corporate investors, banks, industrial conglomerates as well as prominent family offices and successful tech entrepreneurs, all of which share the ambition to combat climate change through investing in disruptive technologies. The investors also include the Danish growth fund Vaekstfonden and Arbejdernes Landsbank.
The upcoming Bonn Climate Change Conference (6-16 June) is set to kick off next week, designed to prepare for the UN Climate Change Conference (COP27) in November of this year. COP27 in Sharm el-Sheikh, Egypt, will build on the positive outcome of last year’s UN Climate Change Conference (COP26) in Glasgow, which finalized operational details of the Paris Agreement and identified work going forward in the key areas of mitigation, adaptation, support – particularly finance – and loss and damage.
Elanco Animal Health Incorporated and DSM have created a strategic alliance connecting two leading, sustainability-focused companies to address one of society’s most significant opportunities of the decade, mitigating climate change by reducing greenhouse gas emissions from farming. Elanco has secured the exclusive U.S. licensing rights to develop, manufacture and commercialize Bovaer® for beef and dairy cattle. Bovaer® is a first-in-class and best-in-class methane-reducing innovative feed additive for beef and dairy cattle, already available in Europe, Brazil, Chile and Australia. More than 50 peer-reviewed studies and 48 on-farm trials in 14 countries show Bovaer® consistently reduces enteric methane emissions by approximately 30% for dairy cows and even higher percentages for beef cattle.
The Food and Agriculture Organization of the United Nations’ (FAO) presented a new report on forest products and the vital role they play in the global bioeconomy and climate change mitigation.
The report, Forest products in the global bioeconomy: Enabling substitution by wood-based products and contributing to the Sustainable Development Goals, provides a set of recommendations to increase the contribution of forest products for climate change mitigation and sustainable development.
Commitments made in advance and during COP26 have put keeping global warming to 1.5°C within reach, accelerating investment towards net zero emissions. Stronger policies and 2030 targets are still required to unlock the trillions of dollars required to avoid the worst impacts of climate change.
“Global warming of above 1.5°C presents irreversible, foreseeable and large-scale risks to investors and financial markets,” Rebecca Mikula-Wright, Chief Executive Officer of the Asia Investor Group on Climate Change (AIGCC), said. “The commitments that have come out ahead and as part of Glasgow have been significant but global action is still falling short.
“Already now, the circular and sustainable bioeconomy is contributing to all dimensions and objectives of the European Green Deal. Through the substitution of fossil-based products and materials and through carbon sequestration in soil and forests, together with its storage in harvested wood products, the bioeconomy can generate significant carbon savings to reduce the EU’s greenhouse gas emissions by at least 55% by 2030”. To say this is a European Commission’s official, who prefers to remain anonymous. In this long interview with Il Bioeconomista, the Commission’s official talk about the Green New Deal, the bioeconomy and the partnership Circular Bio-based Europe.
Interview by Mario Bonaccorso
Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, aims to halve its 2016 greenhouse gas (GHG) emissions from its own operations by 2030. The acceleration of its initial 30% reduction target is based on the strong progress over the past few years. With this step-up DSM continues to be an ambitious climate leader in its sector and the updated target provides a firm foundation for DSM to achieve net-zero by 2050.
Manchester United has reinforced its commitment to environmental sustainability through a global partnership with Renewable Energy Group, Inc., a leading producer of renewable fuels headquartered in Iowa (USA), with a shared mission to tackle climate change and create a cleaner world.
Dedicated to providing high-quality and easy-to-use renewable fuels, Renewable Energy Group recycles waste and by-product fats and oils into sustainable fuels. This enables organizations and individuals to become more environmentally friendly, without sacrificing quality or performance.
The Club and Renewable Energy Group will work together to raise awareness of the company’s biofuel products and encourage positive environmental change among Manchester United’s global fanbase and beyond.