Incitec Pivot appears to be on course for a 1.5°C pathway by 2030, contingent on the successful implementation of its mitigation projects. By 2030, the majority of Incitec’s total GHG emissions will come from downstream Scope 3 activities (43%), followed by Scope 1 activities (32%). Without further mitigation, Incitec Pivot’s total GHG emissions will overshoot SBTs by 23%, pushing its 1.5°C pathway alignment towards a well-below 2°C warming scenario by 2030.

Incitec Pivot demonstrates a robust commitment to its climate transition with ambitious greenhouse gas (GHG) reduction targets and proactive risk management. The company’s revised transition plan aims to achieve a 42% absolute reduction in emissions by 2030 and Net Zero by 2050. A more detailed connection between mitigation projects and transition investments would enhance Incitec’s transparency and align the company’s efforts more clearly to its 1.5°C target by 2030, and subsequent Net Zero by 2050.

A new investigation by Planet Tracker reveals that profits in the industrial Indonesian tuna sector will all but disappear due to climate change and unsustainable practices. Implementing a series of nine nature-positive measures that reduce bycatch and overexploitation while improving traceability and transparency will more than offset the negative impact of climate change on the industry’s profits.

A new investigation by Planet Tracker reveals that profits in the industrial Indonesian tuna sector will all but disappear due to climate change and unsustainable practices unless companies adopt nine nature-positive measures now. Sustainability is poor within the industrial fleets that catch tuna in Indonesia, the world’s largest producer. Climate change will make things worse: the industry will catch an estimated 25% to 31% less tuna by 2050.

At the end of 2021, following an international consensus to negotiate a legally binding Global Plastic Pollution Treaty by the end of 2024.

Fixing Nitrogen: Financial markets need to focus on nitrogen, presents a detailed analysis of the shortcomings of the global nitrogen industry, which is critical for producing ammonia-based fertilisers essential to food production.

The world uses twice as much nitrogen fertiliser as it needs, but production capacity is forecast to grow 6% to 202 million tonnes by 2027. This could result in stranded assets for companies and financiers. Are we reaching peak fertiliser production?

LyondellBasell has a short-term climate transition plan which is much more credible than many of its CA100+ chemical sector peers. As a result, it is on target to meet its 2030 emissions target. Beyond this date, however, there is a lack of clarity, making it difficult for investors to understand how it will achieve its net zero target by 2050.

LyondellBasell (LYB) is on target to meet its 2030 emission target, but not net zero by 2050. The management has made commitments to investors which includes selling at least 2 million tonnes of recycled or renewable polymers by 2030, about 20% of current sales. However, the company has no Scope 3 target for post 2030. Presently, Scope 3 accounts for over 80% of total emissions.

As part of its Food and Land Use programme, Planet Tracker is examining the transition plans of the food system (Consumer Goods) companies covered by the Climate Action 100+ list.