Sustainability: Page 22
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Unilever, Nestlé join over 130 companies in call to reverse biodiversity loss ahead of COP16
A coalition of businesses across various industries are pressing world leaders to take action on an issue often overlooked by corporate sustainability plans.
By Sarah Zimmerman • July 19, 2024 -
Asanka Ratnayake via Getty Images
IHG unveils low carbon program, targets energy efficiency in hotels
The global hospitality company called the initiative an “industry first” and said it would help it “test, learn and share findings on sustainability measures.”
By Zoya Mirza • July 18, 2024 -
Drew Angerer via Getty Images
SEC rule jumpstarts Corpay CAO’s ESG push
The climate disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.
By Maura Webber Sadovi • July 18, 2024 -
Sean Gallup via Getty Images
LevelTen Energy scores $65M to scale clean energy transition
The transaction infrastructure company connects renewable energy buyers, sellers and advisors and plans to use the financing to expand its platform.
By Zoya Mirza • July 17, 2024 -
Simonkr via Getty Images
AWS, Google, Meta, Microsoft, more push for digital infrastructure emissions transparency
The governing body of the iMasons Climate Accord published an open letter calling for digital infrastructure suppliers to include greenhouse gas emissions “nutrition labels.”
By Lamar Johnson • July 17, 2024 -
Courtesy of Ford
Automakers accelerate drive for fossil-free steel
Volvo is leading the industry for steel and aluminum decarbonization. Mercedes, Tesla and Ford follow.
By S.L. Fuller • July 17, 2024 -
David McNew via Getty Images
5 takeaways on costs, challenges of climate disclosure compliance
Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.
By Maura Webber Sadovi • July 16, 2024 -
Spencer Platt via Getty Images
BlackRock updates climate stewardship policies, targeting $150B in funds
The policies will initially apply to 83 European investment funds with $150 billion in assets under management and prioritize sectors and companies “critical” to the clean energy transition.
By Lamar Johnson • July 15, 2024 -
Courtesy of Tractor Supply
Deep DiveTractor Supply retreats on DEI, climate after ‘anti-woke’ backlash. Now the real fallout begins.
The retailer's pullback of its corporate diversity and climate efforts could alienate some customers, employees and investors.
By Daphne Howland • July 15, 2024 -
Bill Pugliano via Getty Images
GM shareholders vote down 3 ethical supply chain proposals
Responding to the proposals, the automaker defended its existing practices for supplier agreements and operational policies.
By Kelly Stroh • July 15, 2024 -
David McNew via Getty Images
Amazon hits renewable energy goal early, reduces carbon emissions
The e-commerce giant said it met a goal to match all of its electricity consumption with renewable energy seven years early and decreased overall emissions by 3% in 2023.
By Zoya Mirza • July 12, 2024 -
Alex Wroblewski via Getty Images
Senators press Jamie Dimon on alleged climate turnabout
The lawmakers, including Sen. Elizabeth Warren, D-MA, demanded answers from the JPMorgan Chase CEO on the bank's environmental "commitments" and "aspirations."
By Gabrielle Saulsbery • July 12, 2024 -
Kena Betancur via Getty Images
SBTi calls on financial institutions to pilot net-zero standard
The climate target validation organization is looking for participants to test a standard that will encompass near- and long-term portfolio-wide goals.
By Lamar Johnson • July 11, 2024 -
Sean Gallup via Getty Images
Sustainability is a key factor in improved financial performance: KPMG
Indicators like lower carbon dioxide emissions, land environmental impact reduction and business ethics policies are linked to increased gross profit margin, per a study of 2,617 companies.
By Suman Bhattacharyya • July 11, 2024 -
Courtesy of Jeanologia
Sustainable garment tech hub to open in Miami
Spain-based Jeanologia is opening the production center as it looks to expand its presence in the U.S.
By Laurel Deppen • July 11, 2024 -
Mario Tama via Getty Images
Global solar and wind capacity will more than triple to 8 TW by 2033: Wood Mackenzie
Global energy storage will grow by 636% to add nearly 2,789 gigawatt hours of capacity over the next decade, according to WoodMac's latest global market outlook.
By Diana DiGangi • July 10, 2024 -
Marc Conzelmann via Getty Images
Lego to mandate sustainability targets across supply chain
The Danish toy maker is turning to suppliers to help cut emissions from its indirect operations, primarily its supply chain, as they make up the majority of its carbon footprint.
By Zoya Mirza • July 9, 2024 -
Mario Tama via Getty Images
American Airlines CEO sounds alarm on aviation sector decarbonization
CEO Robert Isom said in the airline’s latest ESG report its climate goals are in jeopardy, given the industry’s current decarbonization efforts.
By Lamar Johnson • July 9, 2024 -
Courtesy of Google
Google’s AI efforts slow sustainability gains
The company’s greenhouse gas emissions climbed 13% last year as compute intensity increased, according to its annual environmental report.
By Lindsey Wilkinson • July 9, 2024 -
David McNew via Getty Images
38% of public companies ‘significantly misaligned’ to net-zero: Morningstar
Of more than 3,300 public companies, none are on track to hit the Paris Accords’ 2050 target, a study from the financial services revealed.
By Lamar Johnson • July 8, 2024 -
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Google inks renewable power agreement with Engie
Google has signed five corporate power purchase agreements with Engie, which will provide over 118 megawatts of power to boost the tech giant’s operations in Belgium.
By Zoya Mirza • July 8, 2024 -
Jeff J Mitchell via Getty Images
Climate groups say carbon offsets undermine emission reduction targets
Over 80 organizations addressed global companies and governments Tuesday, saying a reliance on carbon credits will likely “slow down global emission reductions.”
By Zoya Mirza • July 3, 2024 -
Dan Kitwood via Getty Images
Consumers want ethical sourcing, labeling on manmade fibers: report
Nearly three quarters of survey respondents think materials such as viscose and lyocell should come from sustainable forests.
By Lara Ewen • July 3, 2024 -
gorodenkoff via Getty Images
Generative AI gains foothold in ESG landscape
The increased use of artificial intelligence in ESG, beyond reporting, was on display at the Amazon Web Services conference last week.
By Lamar Johnson • Updated July 8, 2024 -
Chip Somodevilla via Getty Images
Fidelity updates sustainable investing framework against regulatory backdrop
Fidelity’s international arm said its revised framework aims to “ensure ongoing alignment with transparency and disclosure requirements.”
By Zoya Mirza • July 2, 2024
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