S&P Global Platts Announces Finalists for 'Leadership in Energy Transition Award'
"Some ten finalists have been shortlisted for the Leadership in Energy Transition Award, now in its third year and which aims to recognize a power generating company that is at the forefront of efforts to transition away from high greenhouse-gas-emitting sources of energy," said
It is Trucost, a leader in carbon and environmental risk analysis, which developed a data-led methodology to select the finalists and, ultimately, the winner, of this important environmental, social and governance (ESG) award (see details). This makes the Leadership in Energy Transition award distinct from the other 20 honors of the Global Energy Awards, which are determined by the votes of an independent panel of judges.
- taking steps to report and reduce greenhouse gas (GHG) impacts
- publishing robust targets to improve performance
- aligning with global energy transition commitments
- demonstrating true leadership in innovative ways
The COVID-19 pandemic is one of the most severe economic and energy shocks in modern history. On top of the massive disruptions to business, mobility, and everyday life, there will be longer-lasting implications for the energy transition away from fossil fuels.
As Mattison notes in the video, the global power sector is touted to be largest contributor to greenhouse gas emissions globally, responsible for approximately one-quarter of global emissions.
"As the largest emitter, the power industry has the opportunity to be at the forefront of efforts to reduce emissions and to limit climate change to between 1.5°C and 2°C of global warming, the goal of the Paris Agreement set in
More than 10 times the emission reductions resulting from COVID-19 will be needed to meet the 2 degree target through 2050, according to joint analysis of
"We're pleased to be partnering with Trucost, with its deep experience assessing risks relating not only to climate change, but natural resource constraints, and broader environmental, social, and governance factors, on this important ESG leadership Award," said
The 2020 finalists for the Leadership in Energy Transition Award are:
- Contact Energy
- CPFL Energia
- Dominion Energy
- Energias de
- NextEra Energy
- Scottish & Southern Energy
- Sempra Energy
- Xcel Energy
Last year's winner of the Leadership in Energy Transition honors was Iberdrola of
To view the full list of finalists across all categories of the Global Energy Awards program, visit: https://www.spglobal.com/platts/global-energy-awards/finalists
Energy, financial and business executives are invited to attend the virtual S&P Global Platts Global Energy Awards; registration will open soon. Accredited media may attend as guests of
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