This document supports investors wishing to engage with petrochemical companies on the role these companies play in addressing plastic pollution. It provides a guide to advance the five asks investors outlined in the petrochemical investor statement.
SABIC is expected to be on a 2°C pathway by 2030 according to analysis by Planet Tracker. The company aims for carbon neutrality by 2050, targeting a 20% reduction in Scope 1 and 2 GHG emissions by 2030 from a 2018 baseline. However, Planet Tracker’s analysis shows that SABIC lacks a specific Scope 3 emissions target, which accounts for 70% of its footprint, and therefore the company will miss the alignment with the latest Paris Agreement ambition.
中国，作为世界上最大的海洋捕捞国，其远洋捕捞船队在过去三十年间的迅猛增长，对海洋生态环境和社会产生了深远的影响。
No country catches more seafood than China. The massive expansion of China’s distant-water fishing fleet has come with dire environmental and social costs, as the fleet often resorts to extreme ways to enhance its low profitability.
No country catches more seafood than China, whose share of global catches has quadrupled since 1950. However, the massive expansion of China’s distant-water fishing fleet has come with significant environmental and social costs. Planet Tracker’s latest report highlights the urgent need for financial institutions and governments to address these issues and promote sustainability, proposing an ambitious transition funded by a RMB 5.5 billion (USD 759 million) sovereign bond, the ‘Hai Feng’ (ocean abundance) bond.
This interactive dashboard provides a financial overview of the companies and vessels forming the Chinese distant-water fishing fleet.
70 international financial institutions and their representatives with a combined AUM/AUA total of USD 6.8 trillion have signed a collective statement, organised by financial think tank Planet Tracker, calling on petrochemical companies to transition to safe and environmentally sound practices, by reducing fossil fuel dependency and eliminating hazardous chemicals.
Bayer is projected to align with a 2°C warming scenario by 2030, according to an updated analysis by Planet Tracker. This compares to an earlier 3°C projection in August 2023. The company aims for Net Zero GHG emissions by 2050, with interim goals for 2030, and achieved an 11% reduction in total GHG emissions from 2019 to 2023. However, Planet Tracker’s analysis shows significant variability in emissions trends, suggesting Bayer might struggle to meet its 2030 targets.
This blog updates the status of a selected range of environmental-related regulations following the European Parliamentary elections in June 2024. The non-exhaustive list of regulations ranges from nature restoration and anti-greenwashing requirements to waste, soil health, packaging and supply chain due diligence controls.
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