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Science Based Targets Initiative
The Science Based Targets initiative (SBTi) is a collaboration between its founding partners, CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), and We Mean Business Coalition. As of 2025, over 10,000 companies have set or committed to set science-based climate targets validated by SBTi. Organization The Science Based Targets initiative was established in 2015 Real SustainabilityScience Based Targets for Financial Institutions accessed 2 December 2021 to help companies to set emission reduction targets in line with climate sciences and Paris Agreement goals. It is funded by IKEA Foundation, Amazon, Bezos Earth Fund, We Mean Business coalition, Rockefeller Brothers Fund and UPS Foundation. In October 2021, SBTi developed and launched the world's first net zero standard, providing the framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial leve ...
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David Kennedy (economist)
David Kennedy, CB, CBE (born 29 September 1969) is a British economist. He was the founding Chief Executive of the UK’s statutory climate change body The Committee on Climate Change from 2007 until 2014, then Director General for Economic Development at the Department for International Development from 2014 to 2017, then Director General for Food, Biosecurity and Trade at the Department for Environment, Food and Rural Affairs from 2017 to 2023. On leaving the Civil Service he became a partner at EY. In Spring 2025 he became CEO of SBTi. He was awarded a CBE in 2015 for services to climate change and a CB in 2021 for public service during Covid. Life The son of Peter and Anne Kennedy, he was educated at the University of Sheffield, where he gained a BA degree in Economics and Econometrics, then at the University of Manchester, graduating MA in Economics, and then at the London School of Economics where he took a PhD in Economics in 1995.‘KENNEDY, David’, in '' Who's Who 2 ...
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Construction
Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the asset is built and ready for use. Construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or wikt:decommission, decommissioning. The construction industry contributes significantly to many countries' gross domestic products (Gross domestic product, GDP). Global expenditure on construction activities was about $4 trillion in 2012. In 2022, expenditure on the construction industry exceeded $11 trillion a year, equivalent to about 13 percent of global Gross domestic product, GDP. This spending was forecasted to rise to around $14.8 trillion in 2030. The construction industry promotes economic development and brings many non-monetary benefits to many cou ...
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Carbon Footprint
A carbon footprint (or greenhouse gas footprint) is a calculated value or index that makes it possible to compare the total amount of greenhouse gases that an activity, product, company or country Greenhouse gas emissions, adds to the atmosphere. Carbon footprints are usually reported in tonnes of emissions (CO2 equivalent, CO2-equivalent) per unit of comparison. Such units can be for example ''tonnes CO2-eq per year'', ''per kilogram of protein for consumption'', ''per kilometer travelled'', ''per piece of clothing'' and so forth. A product's carbon footprint includes the emissions for the entire Life-cycle assessment, life cycle. These run from the production along the supply chain to its final consumption and disposal. Similarly, an organization's carbon footprint includes the direct as well as the indirect emissions that it causes. The Greenhouse gas protocol, Greenhouse Gas Protocol (for carbon accounting of organizations) calls these ''Scope 1, 2 and 3 emissions''. There a ...
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International Organization For Standardization
The International Organization for Standardization (ISO ; ; ) is an independent, non-governmental, international standard development organization composed of representatives from the national standards organizations of member countries. Membership requirements are given in Article 3 of the ISO Statutes. ISO was founded on 23 February 1947, and () it has published over 25,000 international standards covering almost all aspects of technology and manufacturing. It has over 800 technical committees (TCs) and subcommittees (SCs) to take care of standards development. The organization develops and publishes international standards in technical and nontechnical fields, including everything from manufactured products and technology to food safety, transport, IT, agriculture, and healthcare. More specialized topics like electrical and electronic engineering are instead handled by the International Electrotechnical Commission.Editors of Encyclopedia Britannica. 3 June 2021.Inte ...
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International Standards
An international standard is a technical standard developed by one or more international standards organizations. International standards are available for consideration and use worldwide. The most prominent such organization is the International Organization for Standardization (ISO). Other prominent international standards organizations including the International Telecommunication Union (ITU) and the International Electrotechnical Commission (IEC). Together, these three organizations have formed the World Standards Cooperation alliance. Purpose International standards can be applied directly or adapted to meet local conditions. When adopted, they lead to the creation of national standards that are either equivalent to or largely align with the international standards in technical content, though they may have: (i) editorial variations, such as differences in appearance, the use of symbols, measurement units, or the choice of a point over a comma as the decimal marker, and (ii) v ...
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Carbon Offsets And Credits
Carbon offsetting is a carbon trading mechanism that enables entities to compensate for offset greenhouse gas emissions by investing in projects that reduce, avoid, or remove emissions elsewhere. When an entity invests in a carbon offsetting program, it receives carbon credit or offset credit, which account for the net climate benefits that one entity brings to another. After certification by a government or independent certification body, credits can be traded between entities. One carbon credit represents a reduction, avoidance or removal of one metric tonne of carbon dioxide or its carbon dioxide-equivalent (CO2e). A variety of greenhouse gas reduction projects can qualify for offsets and credits depending on the scheme. Some include forestry projects that avoid logging and plant saplings, renewable energy projects such as wind farms, biomass energy, biogas digesters, hydroelectric dams, as well as energy efficiency projects. Further projects include carbon dioxide remo ...
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Steel Industry
Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high elastic modulus, yield strength, fracture strength and low raw material cost, steel is one of the most commonly manufactured materials in the world. Steel is used in structures (as concrete reinforcing rods), in bridges, infrastructure, tools, ships, trains, cars, bicycles, machines, electrical appliances, furniture, and weapons. Iron is always the main element in steel, but other elements are used to produce various grades of steel demonstrating altered material, mechanical, and microstructural properties. Stainless steels, for example, typically contain 18% chromium and exhibit improved corrosion and oxidation resistance versus its carbon steel counterpart. Under atmospheric pressures, steels generally take on two crystalline forms: body-centered cubic and face-centered cubic, however depending on the thermal history and alloy ...
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Energy Industry
The energy industry refers to all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, oil refinery, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries. In particular, the energy industry comprises: * the Fossil fuel industry, fossil fuel industries, which include petroleum industry, petroleum industries (oil companies, Oil refinery, petroleum refiners, fuel transport and end-user sales at gas stations), Coal industry, coal industries (extraction and processing), and the natural gas industries (natural gas extraction, and coal gas manufacture, as well as distribution and sales); * the electrical power industry, including electricity generation, electric power distribution, and sales; * the nuclear power industry; * the renewable energy industry, comprising alternative energy and sustainable e ...
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Oil And Gas
A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geological formations. Reservoirs of such compound mixtures, such as coal, petroleum and natural gas, can be extracted and burnt as fuel for human consumption to provide energy for direct use (such as for cooking, heating or lighting), to power heat engines (such as steam or internal combustion engines) that can propel vehicles, or to generate electricity via steam turbine generators. Some fossil fuels are further refined into derivatives such as kerosene, gasoline and diesel, or converted into petrochemicals such as polyolefins ( plastics), aromatics and synthetic resins. The origin of fossil fuels is the anaerobic decomposition of buried dead organisms. The conversion from these organic materials to high-carbon fossil fuels is typical ...
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Maritime Transport
Maritime transport (or ocean transport) or more generally waterborne transport, is the transport of people (passengers or goods (cargo) via waterways. Freight transport by watercraft has been widely used throughout recorded history, as it provides a higher-capacity mode of transportation for passengers and cargo than land transport, the latter typically being more costly per unit payload due to it being affected by terrain conditions and road/rail infrastructures. The advent of aviation during the 20th century has diminished the importance of sea travel for passengers, though it is still popular for short trips and pleasure cruises. Transport by watercraft is much cheaper than transport by aircraft or land vehicles (both road and rail), but is significantly slower for longer journeys and heavily dependent on adequate port facilities. Maritime transport accounts for roughly 80% of international trade, according to UNCTAD in 2020. Maritime transport can be realized over an ...
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Land Transport
Land transport is the transport or movement of people, animals or goods from one location to another location on land. This is in contrast with other main types of transport such as maritime transport and aviation. The two main forms of land transport can be considered to be rail transport and road transport. Systems Several systems of land transport have been devised, from the most basic system of humans carrying things from place to sophisticated networks of ground-based transportation using different types of vehicles and infrastructure. The three types are human-powered, animal powered and machine powered Human-powered transportation Human-powered transport, a form of sustainable transportation, is the transport of people and/or goods using human muscle-power, in the form of walking, running and swimming. Modern technology has allowed machines to enhance human power. Human-powered transport remains popular for reasons of cost-saving, leisure, physical exercise, and enviro ...
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Information And Communications Technology
Information and communications technology (ICT) is an extensional term for information technology (IT) that stresses the role of unified communications and the integration of telecommunications (telephone lines and wireless signals) and computers, as well as necessary enterprise software, middleware, storage and audiovisual, that enable users to access, store, transmit, understand and manipulate information. ICT is also used to refer to the convergence (telecommunications), convergence of audiovisuals and telephone networks with computer networks through a single cabling or link system. There are large economic incentives to merge the telephone networks with the computer network system using a single unified system of cabling, signal distribution, and management. ICT is an umbrella term that includes any communication device, encompassing radio, television, cell phones, computer and network hardware, satellite systems and so on, as well as the various services and appliances with ...
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