Want to see something interesting? Let's compare the climate policies of leading corporations.
/THREAD
/THREAD
I’ll provide excerpts from each organizations' policies to give a general feel for the content, or to point out interesting comments. Pls do NOT draw conclusions only from the passages I chose. Pls take the time to read the full policies on your own so you understand the context.
The following entities are mostly US based corporations, and for the most part are the largest players in their respective industry.
Let's start with O&G companies.
Let's start with O&G companies.
@exxonmobil:
"The risk of climate change is clear and the risk warrants action. Increasing carbon emissions in the atmosphere are having a warming effect."
corporate.exxonmobil.com/en/current-iss…
cdn.exxonmobil.com/~/media/global…
"The risk of climate change is clear and the risk warrants action. Increasing carbon emissions in the atmosphere are having a warming effect."
corporate.exxonmobil.com/en/current-iss…
cdn.exxonmobil.com/~/media/global…
@Shell:
"In November 2017, we outlined Shell’s ambition to reduce the net carbon footprint of our energy products by around half by 2050 in step with society’s drive to align with the Paris climate agreement."
shell.com/sustainability…
reports.shell.com/sustainability…
"In November 2017, we outlined Shell’s ambition to reduce the net carbon footprint of our energy products by around half by 2050 in step with society’s drive to align with the Paris climate agreement."
shell.com/sustainability…
reports.shell.com/sustainability…
@conocophillips:
"ConocoPhillips recognizes that human activity, including the burning of fossil fuels, is contributing to increased concentrations of greenhouse gases (GHG) in the atmosphere that can lead to adverse changes in global climate."
conocophillips.com/environment/cl…
"ConocoPhillips recognizes that human activity, including the burning of fossil fuels, is contributing to increased concentrations of greenhouse gases (GHG) in the atmosphere that can lead to adverse changes in global climate."
conocophillips.com/environment/cl…
@Chevron:
"To ensure these benefits for today’s and future generations alike, GHG reduction and climate change adaptation objectives must balance the need for economic growth, environmental stewardship and energy security."
chevron.com/corporate-resp…
chevron.com/corporate-resp…
"To ensure these benefits for today’s and future generations alike, GHG reduction and climate change adaptation objectives must balance the need for economic growth, environmental stewardship and energy security."
chevron.com/corporate-resp…
chevron.com/corporate-resp…
@BP_plc:
"BP is a leader in developing and using offsetting programmes. And, we will use offsets to underpin our low carbon ambitions."
bp.com/en/global/corp…
bp.com/en/global/corp…
"BP is a leader in developing and using offsetting programmes. And, we will use offsets to underpin our low carbon ambitions."
bp.com/en/global/corp…
bp.com/en/global/corp…
@Total:
"Climate issues are an integral part of our corporate strategic vision, aimed at keeping global warming below 2°C in relation to pre industrial levels by 2100."
total.com/en/commitment/…
total.com/en/our-commitm…
"Climate issues are an integral part of our corporate strategic vision, aimed at keeping global warming below 2°C in relation to pre industrial levels by 2100."
total.com/en/commitment/…
total.com/en/our-commitm…
Let's now look at some O&G players that have large involvement from a nation state.
@AramcoServices:
"The low carbon intensity advantage of Saudi Arabian crude oil is a result of multiple factors, including our long-standing practices in well completion, reservoir management, and flare minimization."
saudiaramco.com/en/making-a-di…
"The low carbon intensity advantage of Saudi Arabian crude oil is a result of multiple factors, including our long-standing practices in well completion, reservoir management, and flare minimization."
saudiaramco.com/en/making-a-di…
@SinopecNews:
"With the above parallel measures, average capacity of our refineries rose by 25.7% and that of ethylene facilities went up by 13.2% from 2006 to 2011."
sinopecgroup.com/group/en/socia…
"With the above parallel measures, average capacity of our refineries rose by 25.7% and that of ethylene facilities went up by 13.2% from 2006 to 2011."
sinopecgroup.com/group/en/socia…
CNPC:
"CNPC takes the initiative to promote emission reduction through carbon transaction, especially relying on the jointly established Tianjin Climate Exchange (TCE)."
cnpc.com.cn/en/climate/com…
"CNPC takes the initiative to promote emission reduction through carbon transaction, especially relying on the jointly established Tianjin Climate Exchange (TCE)."
cnpc.com.cn/en/climate/com…
@GazpromEN:
"The key mechanisms for fulfilling the commitments under this Environmental Policy are as follows:
- execution of gasification programs in Russian population centers;
- comprehensive development of NGV markets in Russia and abroad;..."
gazprom.com/f/posts/39/502…
"The key mechanisms for fulfilling the commitments under this Environmental Policy are as follows:
- execution of gasification programs in Russian population centers;
- comprehensive development of NGV markets in Russia and abroad;..."
gazprom.com/f/posts/39/502…
@Equinor:
"We believe a low CO2 footprint is a competitive advantage, providing us with attractive business opportunities in a transition to a lower emission economy."
equinor.com/en/how-and-why…
"We believe a low CO2 footprint is a competitive advantage, providing us with attractive business opportunities in a transition to a lower emission economy."
equinor.com/en/how-and-why…
What about non-O&G players? Let's consider power companies, OEMs, tech, health, and financial firms. That should give us a pretty good feel for the corporate perspective regarding climate change.
@nrgenergy:
"...we are committed to:
• Achieving our science-based targets to reduce operational greenhouse gas emissions 50% by 2030 and 90% by 2050..."
nrg.com/sustainability…
nrg.com/assets/documen…
"...we are committed to:
• Achieving our science-based targets to reduce operational greenhouse gas emissions 50% by 2030 and 90% by 2050..."
nrg.com/sustainability…
nrg.com/assets/documen…
@SouthernCompany:
"We do not intend to invest further in our existing thermal coal fleet, unless the investment ensures safety, affordability or reliability to serve customers or to comply with federal or state laws."
southerncompany.com/corporate-resp…
southerncompany.com/content/dam/so…
"We do not intend to invest further in our existing thermal coal fleet, unless the investment ensures safety, affordability or reliability to serve customers or to comply with federal or state laws."
southerncompany.com/corporate-resp…
southerncompany.com/content/dam/so…
@DukeEnergy:
"By 2030, we project natural gas generation will increase to 42 percent, and coal generation will decrease to 16 percent of total company generation."
duke-energy.com/_/media/pdfs/o…
duke-energy.com/our-company/en…
"By 2030, we project natural gas generation will increase to 42 percent, and coal generation will decrease to 16 percent of total company generation."
duke-energy.com/_/media/pdfs/o…
duke-energy.com/our-company/en…
@nexteraenergy:
"Since 2001, we have reduced our CO2 emissions rate by 52 percent, and we plan to continue our commitment to reducing our CO2 emissions rate with a target of more than 65 percent by 2021."
nexteraenergy.com/sustainability…
nexteraenergy.com/sustainability…
"Since 2001, we have reduced our CO2 emissions rate by 52 percent, and we plan to continue our commitment to reducing our CO2 emissions rate with a target of more than 65 percent by 2021."
nexteraenergy.com/sustainability…
nexteraenergy.com/sustainability…
@PGE4Me:
"PG&E fully supported SB 350 as an important step toward achieving [CA's] aggressive climate change and clean energy goals."
exerpt: "...[SB 350], which increases the state’s [RPS] to [50%] by 2030 and [2X] state energy efficiency goals."
pgecorp.com/corp_responsib…
"PG&E fully supported SB 350 as an important step toward achieving [CA's] aggressive climate change and clean energy goals."
exerpt: "...[SB 350], which increases the state’s [RPS] to [50%] by 2030 and [2X] state energy efficiency goals."
pgecorp.com/corp_responsib…
@Siemens:
"In September 2015, Siemens has been the first global industrial company to commit towards carbon neutrality by 2030."
new.siemens.com/global/en/comp…
"In September 2015, Siemens has been the first global industrial company to commit towards carbon neutrality by 2030."
new.siemens.com/global/en/comp…
@GE:
"...2020 commitments to reduce our [GHG] emissions [...] by 20%, from the 2011 baseline. Within our own operations, we have reduced our GHG emissions by 27% and freshwater use by 25% through 2017, from the 2011 baseline."
ge.com/sustainability/
ge.com/sustainability…
"...2020 commitments to reduce our [GHG] emissions [...] by 20%, from the 2011 baseline. Within our own operations, we have reduced our GHG emissions by 27% and freshwater use by 25% through 2017, from the 2011 baseline."
ge.com/sustainability/
ge.com/sustainability…
@Apple:
"We proved that 100% renewable is 100% doable. All our facilities worldwide — including offices, retail stores, and data centers — are now powered entirely by clean energy."
apple.com/environment/
apple.com/environment/cl…
apple.com/environment/pd…
"We proved that 100% renewable is 100% doable. All our facilities worldwide — including offices, retail stores, and data centers — are now powered entirely by clean energy."
apple.com/environment/
apple.com/environment/cl…
apple.com/environment/pd…
@amazon:
Comment: Direct reference to climate change was not found.
"Amazon was the leading corporate purchaser of renewable energy in the United States in 2016. We have a long-term goal to power our global infrastructure using 100% renewable energy."
aboutamazon.com/sustainability…
Comment: Direct reference to climate change was not found.
"Amazon was the leading corporate purchaser of renewable energy in the United States in 2016. We have a long-term goal to power our global infrastructure using 100% renewable energy."
aboutamazon.com/sustainability…
@Google:
“Google has been carbon neutral for over a decade and in 2017 we purchased enough renewable energy to match 100 percent of our global consumption for operations.”
sustainability.google/environment/
sustainability.google/reports/enviro…
“Google has been carbon neutral for over a decade and in 2017 we purchased enough renewable energy to match 100 percent of our global consumption for operations.”
sustainability.google/environment/
sustainability.google/reports/enviro…
Side comment: Please see @joshdr83 discussion to understand some of the nuances when an entity claims they have achieved 100% renewable energy.
forbes.com/sites/joshuarh…
forbes.com/sites/joshuarh…
@ATT:
“We know that our technology can help customers reduce their carbon emissions. We set a goal to enable carbon savings 10x the footprint of our operations.”
about.att.com/csr/home/issue…
about.att.com/csr/home/susta…
about.att.com/content/dam/cs…
“We know that our technology can help customers reduce their carbon emissions. We set a goal to enable carbon savings 10x the footprint of our operations.”
about.att.com/csr/home/issue…
about.att.com/csr/home/susta…
about.att.com/content/dam/cs…
@Walmart:
“In October 2016, we became the first retailer to set an emissions-reduction plan approved by the Science Based Targets initiative, in alignment with the Paris Climate Agreement.”
corporate.walmart.com/2018grr/reduci…
“In October 2016, we became the first retailer to set an emissions-reduction plan approved by the Science Based Targets initiative, in alignment with the Paris Climate Agreement.”
corporate.walmart.com/2018grr/reduci…
@HomeDepot:
"Because of improvements made across operations, we earned an A- rating in 2017 from the Carbon Disclosure Project. That placed The Home Depot in the top quartile of our sector."
corporate.homedepot.com/responsibility…
corporate.homedepot.com/responsibility…
"Because of improvements made across operations, we earned an A- rating in 2017 from the Carbon Disclosure Project. That placed The Home Depot in the top quartile of our sector."
corporate.homedepot.com/responsibility…
corporate.homedepot.com/responsibility…
@JNJnews:
“We believe that the health of people is inextricably linked to the health of the planet.”
jnj.com/about-jnj/comp…
jnj.com/global-environ…
“We believe that the health of people is inextricably linked to the health of the planet.”
jnj.com/about-jnj/comp…
jnj.com/global-environ…
@UnitedHealthGrp:
“Our multi-year target is to reduce controllable energy use by approximately 20,000,000 kBTUs within our U.S. administrative portfolio by the end of 2018 (normalized for climate, building use and occupancy).”
unitedhealthgroup.com/social-respons…
unitedhealthgroup.com/content/dam/UH…
“Our multi-year target is to reduce controllable energy use by approximately 20,000,000 kBTUs within our U.S. administrative portfolio by the end of 2018 (normalized for climate, building use and occupancy).”
unitedhealthgroup.com/social-respons…
unitedhealthgroup.com/content/dam/UH…
@GM:
[Per 2017 Sustainability Report]: “We have an unwavering commitment to an all-electric, zero-emissions future, regardless of any modifications to future fuel economy standards.”
gmsustainability.com/_pdf/cdp/Clima…
gmsustainability.com/aspire/strateg…
[Per 2017 Sustainability Report]: “We have an unwavering commitment to an all-electric, zero-emissions future, regardless of any modifications to future fuel economy standards.”
gmsustainability.com/_pdf/cdp/Clima…
gmsustainability.com/aspire/strateg…
@Ford:
“We believe that climate change is real and that we share the responsibility for reducing greenhouse gas (GHG) emissions to limit the global temperature rise to under 2°C.”
corporate.ford.com/microsites/sus…
corporate.ford.com/microsites/sus…
“We believe that climate change is real and that we share the responsibility for reducing greenhouse gas (GHG) emissions to limit the global temperature rise to under 2°C.”
corporate.ford.com/microsites/sus…
corporate.ford.com/microsites/sus…
@VW:
“...by 2025, one in every [4] new vehicles manufactured by our Group around the world will run on all-electric powertrains. Depending on how the market develops, this could be as many as 3 million electric vehicles per year.”
volkswagenag.com/en/sustainabil…
volkswagenag.com/en/sustainabil…
“...by 2025, one in every [4] new vehicles manufactured by our Group around the world will run on all-electric powertrains. Depending on how the market develops, this could be as many as 3 million electric vehicles per year.”
volkswagenag.com/en/sustainabil…
volkswagenag.com/en/sustainabil…
@Toyota:
“Amid global efforts to hold the [temp] rise [to <2°C], Toyota has taken on the “New Vehicle Zero CO2 Challenge,” in which Toyota will strive to reduce vehicle CO2 emissions by 90 [% compared] with 2010 levels, by 2050.”
toyota-global.com/sustainability…
toyota-global.com/sustainability…
“Amid global efforts to hold the [temp] rise [to <2°C], Toyota has taken on the “New Vehicle Zero CO2 Challenge,” in which Toyota will strive to reduce vehicle CO2 emissions by 90 [% compared] with 2010 levels, by 2050.”
toyota-global.com/sustainability…
toyota-global.com/sustainability…
@Boeing:
“The 2018 ecoDemonstrator, a FedEx Express Boeing 777, marked the first time a commercial aircraft flew 100 percent biofuel.”
boeing.com/principles/env…
“The 2018 ecoDemonstrator, a FedEx Express Boeing 777, marked the first time a commercial aircraft flew 100 percent biofuel.”
boeing.com/principles/env…
@AmericanAir:
“Our consumption of fuel—jet fuel in the air and diesel and gasoline on the ground—is not only our largest expense; it’s also the biggest source of GHG emissions from our operations.”
aa.com/i18n/aboutUs/c…
news.aa.com/CRR/
“Our consumption of fuel—jet fuel in the air and diesel and gasoline on the ground—is not only our largest expense; it’s also the biggest source of GHG emissions from our operations.”
aa.com/i18n/aboutUs/c…
news.aa.com/CRR/
@Delta:
“...fuel efficiency and carbon-neutral growth alone are not sufficient to address the risks of climate change.”
"In 2017, Delta launched a partnership with the [UofGA] to manage ongoing life-cycle analyses of new biofuels"
delta.com/us/en/about-de…
corporatereport.com/delta/2017/crr/
“...fuel efficiency and carbon-neutral growth alone are not sufficient to address the risks of climate change.”
"In 2017, Delta launched a partnership with the [UofGA] to manage ongoing life-cycle analyses of new biofuels"
delta.com/us/en/about-de…
corporatereport.com/delta/2017/crr/
@JPMorgan:
“As part of our new commitment, our goal is to source renewable energy for 100 percent of our global power needs by 2020 and facilitate $200 billion in clean financing by 2025.”
jpmorganchase.com/corporate/Abou…
jpmorganchase.com/corporate/Corp…
“As part of our new commitment, our goal is to source renewable energy for 100 percent of our global power needs by 2020 and facilitate $200 billion in clean financing by 2025.”
jpmorganchase.com/corporate/Abou…
jpmorganchase.com/corporate/Corp…
@BankofAmerica:
“...Bank of America has a responsibility to help mitigate climate change by using our expertise and resources, as well as our scale, to help accelerate the transition from a high-carbon to a low-carbon society.”
about.bankofamerica.com/en-us/what-gui…
about.bankofamerica.com/en-us/what-gui…
“...Bank of America has a responsibility to help mitigate climate change by using our expertise and resources, as well as our scale, to help accelerate the transition from a high-carbon to a low-carbon society.”
about.bankofamerica.com/en-us/what-gui…
about.bankofamerica.com/en-us/what-gui…
Berkshire:
A 2015 quote from @WarrenBuffett: “Call this Noah’s Law: If an ark may be essential for survival, begin building it today, no matter how cloudless the skies appear.”
berkshirehathaway.com/letters/letter…
berkshirehathawayenergyco.com/environment/su…
berkshirehathawayenergyco.com/about-us/envir…
A 2015 quote from @WarrenBuffett: “Call this Noah’s Law: If an ark may be essential for survival, begin building it today, no matter how cloudless the skies appear.”
berkshirehathaway.com/letters/letter…
berkshirehathawayenergyco.com/environment/su…
berkshirehathawayenergyco.com/about-us/envir…
@GEICO:
Comment: Direct reference to CC was not found
“What pairs perfectly with saving [$]? Helping save our planet! GEICO requires selected [car repair shops] to pass an [enviro &] safety training program”
geico.com/about/in-the-c…
geico.com/about/in-the-c…
geico.com/about/in-the-c…
Comment: Direct reference to CC was not found
“What pairs perfectly with saving [$]? Helping save our planet! GEICO requires selected [car repair shops] to pass an [enviro &] safety training program”
geico.com/about/in-the-c…
geico.com/about/in-the-c…
geico.com/about/in-the-c…
@AIGinsurance:
Circa 2012:
“Society...has a vested interest in maintaining a strong insurance sector able to adapt to the ‘new normal’ of climate change and should demand all stakeholders within the insurance sector ‘weatherproof’ the insurance industry.”
aig.com/content/dam/ai…
Circa 2012:
“Society...has a vested interest in maintaining a strong insurance sector able to adapt to the ‘new normal’ of climate change and should demand all stakeholders within the insurance sector ‘weatherproof’ the insurance industry.”
aig.com/content/dam/ai…
@MetLife:
“In 2016, MetLife took these reductions a step further, becoming the first U.S.-based insurer to achieve carbon neutrality. MetLife attained this status again in 2017…”
metlife.com/corporate-resp…
“In 2016, MetLife took these reductions a step further, becoming the first U.S.-based insurer to achieve carbon neutrality. MetLife attained this status again in 2017…”
metlife.com/corporate-resp…
@StateFarm:
Comment: Direct reference to climate change was not found
“State Farm is committed to a future where environmental solutions are key to the way we do business. At State Farm, A Good Neighbor is a Green Neighbor.”
statefarm.com/about-us/envir…
Comment: Direct reference to climate change was not found
“State Farm is committed to a future where environmental solutions are key to the way we do business. At State Farm, A Good Neighbor is a Green Neighbor.”
statefarm.com/about-us/envir…
@LibertyMutual
Comment: CC policies were not found. However, relevant insurance products can be obtained: “The Liberty Environmental Damage policy provides cover on a broad, flexible basis for liabilities arising from pollution or environmental damage…”
libertyspecialtymarkets.com/insurance/envi…
Comment: CC policies were not found. However, relevant insurance products can be obtained: “The Liberty Environmental Damage policy provides cover on a broad, flexible basis for liabilities arising from pollution or environmental damage…”
libertyspecialtymarkets.com/insurance/envi…
