April 1, 2021April 1, 2021
12:00 PM – 12:45 PM
In these four sessions, we will convene a diverse array of thought leaders to explore how Massachusetts can fight the climate crisis while building a healthy, green, just, and prosperous future for the people of the Commonwealth.
About our Session 1 Sponsor, Takeda:
Recognizing that climate change poses a risk to human health, including the spread of infectious diseases, Takeda has made environmental efforts and its commitment to carbon neutrality a priority. To date, Takeda has met and exceeded its previously established 2020 environmental goals ahead of schedule, including reducing its CO2 emissions by 33.7% compared to 2005 levels.
By 2040, Takeda commits to being carbon neutral by eliminating all greenhouse gas (GHG) emissions from its operations (Scopes 1 and 2), and reducing its Scope 3 emissions by 50% (from FY2018) through continued educating and influencing its suppliers on their greenhouse gas reduction efforts, and by addressing remaining Scope 3 emissions through verified carbon offsets.
Takeda is also a member of ELM’s Corporate Council.
About our Session 2 Sponsor: Avangrid
As one of the cleanest U.S. utilities and a leader in renewable energy, AVANGRID is at the forefront of the nation’s transformational change in how we generate and use energy. They embrace and develop clean and innovative energy solutions that will transform and enhance the economic, social and environmental value we deliver to our customers, employees, partners and shareholders, while building on their legacy of safely and reliably serving our communities for more than a century.
As the third largest renewables operator in the U.S, AVANGRID has one of the cleanest generation portfolios in the industry, with a 90% balance of renewables and an emissions intensity that is over seven times lower than peers. In 2020, they successfully reduced their emissions intensity by 30% compared with the previous year. They’ve set a new bold target to further reduce Scope 1 emissions intensity 35% by 2025 relative to 2015, with the goal of reaching Scope 1 carbon neutrality by 2035.
With 7.9 GW of installed capacity at the end of 2020, producing over 19,000 gigawatt-hours of electricity, their Renewables fleet is large enough to power nearly 1.6 million homes. Over the next five years, they will expand their portfolio by 70% to over 13 GW, supported by a diversified 21 GW pipeline.
About our Session 3 Sponsor, Eastern Bank:
Sustainability Is Social Justice
Every day, we’re lending our support, voice and actions toward a more just and equitable world. Using our voice in the communities we serve and advocating for civil rights, economic justice, equity and inclusion for everyone is based on the simple idea that all people deserve an opportunity to prosper.
A healthy environment is an integral component of a community’s ability to thrive. Climate change and other environmental damage affect our most vulnerable citizens disproportionately. As part of our commitment to social justice, our sustainability efforts focus on making an impact through formal initiatives, volunteer programs and advocacy.
Thank you to the Environmental League of Massachusetts for your leadership. We proudly join with others in our community as a member of the Corporate Council.
About our Session 4 Sponsor, Amalgamated Bank:
At Amalgamated Bank, we have been committed to social justice since we were founded in 1923 by the Amalgamated Clothing Workers of America. For nearly a century, that commitment has shaped our business model and our values. We are the largest financial ally of the socially responsible movement that builds a cleaner, greener, safer, and more just planet. Our clients are non-profits, political organizations, labor unions, public entities, foundations, advocacy groups, and sustainable businesses spread across 46 states.
Amalgamated Bank has been a leader on climate change and worked aggressively to move the banking industry toward alignment with the Paris Climate Agreement. We lead a global initiative to measure financed emissions from banks and asset managers and now have $14 trillion committed.
We were the first U.S. bank to disavow fossil fuel financing, pledge to set science-based targets, and endorse the U.N. Principles for Responsible Banking and the U.N. Collective Commitment on Climate Action, where we co-chair the working group on measurement and metrics for target setting.
Amalgamated Bank is also a member of ELM’s Corporate Council.