News
Initiative
April 12, 2024
SBTi rules relaxed set to boost the carbon credits market
The Science Based Targets initiative announced that it will allow the use of carbon credits to reduce emissions from Scope 3. Draft guidelines for the new policy, which will inform a revised Corporate Net Zero Standard, are set to be published July.
April 10, 2024Global oil giants plan to storage huge amounts of CO2 in Southeast Asia
Carbon dioxide storage is emerging as a potential multi-billion-dollar revenue stream for oil giants like Exxon Mobil and Shell, which are under pressure to rein in the unfettered burning of fossil fuels.
April 01, 2024Machine tool industry seeks green transition amid booming carbon market
Verification agencies, consulting firms, and agri-food industry players of Taiwan gathered at a forum held on March 28 to share insights on corporate sustainability and carbon reduction from three different perspectives.
March 22, 2024Hundreds of firms drop SBTi net-zero commitments due to Scope 3 challenges
The Science Based Targets Initiative (SBTi) continues to track the implementation of net-zero commitments among businesses. In its latest update, 239 companies are marked as "Commitment Removed", including major multinational corporations such as Microsof
March 19, 2024South Korea industry giants accused of greenwashing over double counting
Two major South Korean corporate giants have been accused of greenwashing over improperly claiming greenhouse gas emissions reduction. The companies were reported to Korea Fair Trade Commission and Korea Environmental Industry and Technology Institute. Th
March 19, 2024Public and private sectors join forces to explore carbon reduction solutions
Business Today held the 4th ESG Sustainability Taiwan International Summit in Taipei on March 18, inviting government bodies as well as Taiwanese companies to share their low-carbon practices.
March 12, 2024Rapid decline of blue carbon in Southeast Asia due to human activity
Southeast Asia’s beaches have long captivated tourist’ attention, yet few have recognized another potential of its vast coastline: the ability of its rich marine life to reach carbon neutrality.
March 11, 2024SBTi urges companies to accelerate carbon reduction beyond value chain
Science Based Targets initiatives (SBTi) has released two new reports on Feb. 28. These reports offer clearer guidance for companies to reduce the greenhouse gas (GHG) emissions beyond the value chain (Beyond Value Chain Mitigation, BVCM).
March 11, 2024NTT, Mitsubishi launch industry chain decarbonization solutions
The Decarbonization Expo, running from Feb. 29 through March 1 alongside Japan’s World Smart Energy Week, featured decarbonization and supply chain solutions to help businesses accelerate carbon reduction.
January 17, 2024Indonesia's president visits Vietnam's EV maker Vinfast, says conditions ready for new plant
Indonesian President Joko Widodo visited Vietnam’s automaker VinFast’s factory on Jan 13 and said that he would create the necessary conditions for the EV maker to be able to quickly build a plant and invest in Indonesia.