ING has acted as joint sustainability coordinator together with Santander in the largest sustainability linked revolving credit facility (RCF) ever issued.
The USD 10.1 billion RCF for Belgian-based multinational drinks and brewing company Anheuser-Busch InBev (AB InBev) is provided by a consortium of 26 leading global financial institutions.
In addition to being the largest Sustainability-Linked Loan (SLL) ever, it is also the first among publicly listed alcohol beverage companies. The milestone facility has a five-year term and includes a pricing mechanism based on performance in four key areas that are aligned with AB InBev’s sustainability goals:
Water efficiency at AB InBev’s breweries globally
Increased PET recycled content in PET primary packaging
Sourcing purchased electricity from renewable sources as outlined in the RE100 commitment
Reducing Reducing greenhouse gas emissions as part of the science-based Climate Action Goal
“This major Sustainability-Linked Loan is an important milestone for both AB InBev and the beverage sector as a whole, “ – said ING CEO in response to the announcement of the deal. “AB InBev has demonstrated a clear ambition level by incorporating a broad set of material sustainability targets into this core lending facility. I’m proud that ING is supporting AB InBev toward their goals with this sustainable financing structure and at the same time implementing our strategy to help our clients to address climate risks and steer towards a circular economy.” – said Steven van Rijswijk, CEO of ING.
The COVID-19 pandemic has demonstrated that no institution or individual alone can address the economic, environmental, social and technological challenges of our complex, interdependent world. The pandemic has accelerated systemic changes that were apparent before its inception. The fault lines that emerged in 2020 now appear as critical crossroads in 2021. The time to rebuild trust and to make crucial choices is fast approaching as the need to reset priorities and the urgency to reform systems grow stronger around the world.
The Davos Agenda is a pioneering mobilization of global leaders to shape the principles, policies and partnerships needed in this challenging new context. It is essential for leaders from all walks of life to work together virtually for a more inclusive, cohesive and sustainable future as soon as possible in 2021.
An entire week of global programming will be dedicated to helping leaders choose innovative and bold solutions to stem the pandemic and drive a robust recovery over the next year.
The event is taking place virtually on 25-29 January 2021.
Here is WEF’s guide on how to follow #DavosAgenda on their digital channels.
Join the conversation
Livestream
You can watch the livestreamed sessions here. All sessions will be captioned in English.
Twitter
The official meeting hashtag is #DavosAgenda. Follow tweets on this hashtag to keep up with everything going on in the meeting.
Facebook
Follow WEF page for daily updates, livestreamed sessions, and video highlights from the event: wef.ch/facebook.
Linkedin
Top stories, highlights and more will be uploaded to WEF page. Follow the meeting here: wef.ch/linkedin. Join the LinkedIn event here.
Instagram
Key photographs, reels, stories and quizzes from the event will feature: wef.ch/instagram
YouTube
Livestreamed sessions and video roundups will be uploaded to WEF YouTube channel: wef.ch/youtube
Budapest, January 18, 2021: The Net Zero Advisory Board has been formed in a uniquely wide collaboration with renowned experts, the primary goal of which is to promote and accelerate the process by which the Hungarian economy can become carbon neutral by 2050, thus taking an important step to stop climate change.
The Advisory Board is a cross-sectoral collaboration, consisting of representatives of Hungarian industry and business leaders, chambers of commerce and associations, was set up as the initiative of the British Embassy and the Hungarian Business Council for Sustainable Development (BCSDH).
Members of the Net Zero Advisory Board:
Zsombor Barta (HUGBC – Hungary Green Building Council)
Dr. Gábor Bartus (NCSD – National Council for Sustainable Development)
Attila Chikán Jr. (BCSDH – Business Council for Sustainable Development in Hungary)
Paul Fox (British ambassador)
Anikó Juhász (Ministry of Agriculture)
Csaba Kőrösi (Directorate for Environmental Sustainability of the Office of the President)
Marcell Kovács (MLBKT – Hungarian Association of Logistics, Purchasing and Inventory Management)
Prof. Dr. Diána Ürge-Vorsatz (IPCC –Intergovernmental Panel on Climate Change, HUPCC- Hungarian Panel on Climate Change)
The aim of the alliance is to increase the focus on the transition to a carbon-neutral economy among economic, governmental and social actors. To help with the process, a decision was made to conduct a research to map the current state, and to organise a Race to Zero Forum to present the results.
On 1 November the United Nations’ 26th Climate Change Conference will open in Glasgow, hosted by the UK in partnership with Italy. This remaining year of preparation for COP26 must also take on board the effects of the COVID-19 pandemic. At COP26, we must unite the world on a path to a zero carbon economy as we build back greener from COVID-19”– highlighted Paul Fox British ambassador, who is one of the few initiating the board.
“All companies are affected by climate change and all companies have the opportunity to influence it positively. Stabilizing global warming under 2, but preferably 1.5 degrees Celsius requires the radical reduction of greenhouse gas emissions as soon as possible. Transitioning our economy first to low-carbon, then carbon-neutral by 2050 is the way to achieve this objective. Businesses will play a key role in this process. Is there a better time to start it than now?” – added Attila Chikán Jr., president of BCSDH, founder and member of the Advisory Board.
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Race to Zero
The Race to Zero is the UN-led campaign for a zero-carbon world. 1,128 businesses including the likes of Facebook, Tesco, LafargeHolcim and Magyar Telekom, and 45 of the biggest investors have joined the global Race to Zero campaign, along with over 450 cities and 550 universities. Businesses of all sizes and across all sectors have a clear role to play in climate action, in line with the Paris Agreement and in the lead-up to the COP26 in Glasgow in November 2021.
Over the coming years, every sector in every market will be transformed as the transition to a low-carbon economy is underway. Committing to the Race to Zero goals of net zero carbon emissions by 2050 is also taking the steps necessary to protect and grow your business by reducing costs, by enhancing access to investor capital, by staying ahead of policies and regulations to limit GHG emissions, by increasing your business’ preparedness to external shocks, and by leading on tomorrow’s innovation and transformation.
For more information on the Race to Zero campaign prior to the event, please turn to the campaign’s global website, which provides information on the paths available for joining the campaign, including the Science Based Targets initiative, and the SME Climate Hub.
https://bcsdh.hu/wp-content/uploads/2021/01/Korforgasos-Kiadvany-masolata-1-1.png450810eszter.chikankovacshttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngeszter.chikankovacs2021-01-20 11:52:472023-02-27 01:01:28The Net Zero Advisory Board for the carbon-neutral Hungarian economy was established with the involvement of renowned experts
After a rather world changing year of 2020 we enter into 2021 with high expectations and hopes, some unanswered questions and a degree of trepidation. Will we finally see the completion of the Paris Agreement Rulebook with the global agreement on Article 6? What shape will the voluntary carbon markets take during the new decade? Many initiatives around the scaling up of the voluntary carbon market emerged during 2020 to drive much-needed robustness and progression. Will they be successful and enhance the transparency, liquidity and impact?
Join this webinar discussion with Ecosystem Marketplace, UN-REDD, Acciona, and Vertis for some key takeaways from 2020 and to explore the outlook for the voluntary carbon market in 2021 as perceived by global policy actors, the private sector and other market participants. Learn about the main outcomes of the Taskforce for Scaling Voluntary Carbon Markets, a private sector led initiative connecting buyers, suppliers and other market participants, and how they resonate with Ecosystem Marketplace’s view, shaped by years of independent monitoring of the voluntary carbon market.