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As 2021 begins, more companies are seeing their strategies for addressing deforestation deep down into their supplychains scrutinized. . "We Both companies already have commitments to eliminate deforestation, but the investment firm would like to see them become even more aggressive with members of their soy supplychains.
This increasing demand in the midst of plummeting supply spells trouble for businesses. In 2018, CDP analyzed a group of 296 companies that had consistently responded to its requests for water data. Given the amount of water companies and their supplychains require, the costs of inaction are high.
Many people are surprised to learn that some IT suppliers use large amounts of water in their supplychains. During fiscal 2021, we worked to advance water stewardship within key river basins where our supplychain operates. That’s where Cisco’s SupplyChain Sustainability team comes in.
Many people are surprised to learn that some IT suppliers use large amounts of water in their supplychains. During fiscal 2021, we worked to advance water stewardship within key river basins where our supplychain operates. That’s where Cisco’s SupplyChain Sustainability team comes in.
Over the past few months, there has been a lot of buzz about the benefits and challenges to companies of measuring, disclosing, and reducing the greenhouse gas (GHG) emissions in their supplychains – what’s known as scope 3 emissions. With the U.S. Unilever : “We have a CEO who really believes in this commitment.
SBTi has approved the targets covering greenhouse gas emissions from iPoint’s operations (scopes 1 and 2) as consistent with reductions required to keep global warming to well-below 2°C, a goal in line with the Paris Climate Agreement of 2015. Often, more than 80 percent of a company's climate impact occurs in the supplychain.
The majority of the land used by our value chain comprises of forests to supply our paperboard; the remainder consists mainly of an agricultural footprint of starch crops for paperboard, sugar cane for our plant-based plastics and mining areas for aluminium foil and stainless steel. Díaz, & H. IPBES secretariat. 6 Ceballos, G.,
More information on our sustainable client offerings is included in the Sustainable Products and SupplyChain section of this report. Elements of the policy are aligned with key provisions of the ISO 14001:2015 environmental management standards.
C warming target set in the 2015 Paris Agreement on climate change, and there must be a “rapid acceleration of mitigation efforts after 2030” if there is any hope of limiting global temperature increases to 2°C. . Supplychain challenge . We need to ensure that science-based targets are set throughout supplychains.” .
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains and lending/investment portfolios are often more complex than for other industries. While the process is complex, the pay-offs are considerable. trillion USD in fossil fuels.
As such we’ve set global sustainability targets which focus on delivering three key priorities – a sustainable supplychain, environmental protection and social responsibility. We are on-track to meet other critical supplychain goals, especially those relating to animal welfare. These are big achievements for our team.
Commitments made by over 200 countries at the 2015 Paris Climate Agreement have led to the implementation of 2,570 climate laws and policies. Over 90% of Fortune 500 companies report to CDP using GHG Protocol. Other Scope 3 adopters include CDP, the Climate Registry, and the International Standards Organisation’s ISO 14064-1.
After the signature of the Paris Agreement in 2015, science has become widely accepted. Therefore, developing a basic map of your emissions in both your operations and in your supplychain should be the first step. Beyond the company’s operations, there are other emissions produced in the supplychain.
By Michelle T Davies, EY Global Sustainability Legal Services Leader, and Ben Taylor, EY Global Strategy and Markets Leader, Climate Change and Sustainability Services When the Task Force on Climate-Related Financial Disclosures (TCFD) launched in 2015, its primary aim was to prevent a potential meltdown in the financial markets.
New guidance from the Science Based Targets initiative requires companies in these sectors, to eliminate tropical deforestation and other forms of land-use change and ecosystem degradation from supplychains by 2025. CalPERS has been using CDP data to analyze the carbon risk of its own portfolio. Other countries will follow.
In response to calls from investors for better climate-related information, the Financial Stability Board (FSB) in 2015 created the Task Force on Climate Related Financial Disclosures (TCFD), which was tasked with recommending disclosures related to climate-related risks for major companies. TCFD Reporting Statistics.
In 2020, more than 9,600 companies disclosed their environmental impacts through the non-profit CDP platform. It represents a growth of 14% from last year and sets a record on the number of CDP environmental disclosures. of the CPG market (2015-2019). Besides, the global responsible investing driven assets hit $40.5
At the Munich Security Conference in February, days before Russian tanks rolled across Ukraine’s borders, the Head of the World Food Programme was already predicting famine , on account of climate, conflict and supplychain dislocations caused by the Covid-19 pandemic. billion across their operations and supplychains.
This database was first compiled by the Climate Accountability Institute back in 2013 and is kept up to date through collaboration with disclosure platform CDP today. To this end, the Carbon Majors Database tracks the emissions of the top 100 oil, gas and coal mining groups. Less green over time. Scope 3 reporting.
According to the CDP , the potential financial impact of water risk to corporate earnings is in excess of US$301 billion while mitigating those risks is estimated to cost 1/5 th that amount! Global water scarcity is well-documented and creates significant financial risk to investors who fail to account for water risk in their portfolio.
The GBF’s Goal D, on implementation, contained an unambiguous commitment to aligning public and private financial flows to its overall objectives, with supporting language in the enabling targets, analogous to the Paris Agreement clauses that put climate change on the global agenda in 2015. “We Intended direction of travel.
Only company in Southeast Asia and Hong Kong to score double 'A's in 2019 CDP Global A List for corporate climate action and water security ? CDL was also the only company in Southeast Asia and Hong Kong to score double 'A's in the 2019 CDP Global A List for corporate climate action and water security.
Since 1990 , around 420 million hectares of forest has been destroyed, with ten million hectares a year cleared between 2015-2020 alone. But the increasing rate of global deforestation threatens to upset the balance. . In Q1 2022 , forest destruction covered 941 km², which is a 64% increase compared to Q1 the previous year. .
Oliver Camp is passionate about food waste, which he calls a "terrible indictment of our ability to manage our food and supplychains." Part living lab and part business hub, Plant Chicago aims to cultivate local circular economies, and Lyon has been applying and accelerating this mission since she joined the team full-time in 2015. .
In that role, she was engaged in helping clients develop strategies for supplychain transparency disclosures and claim, emissions reporting and human rights. . "In It aims to reach net-zero for its own operations and supplychain by 2030.) Boma Brown-West, Director of Consumer Health, EDF+Business. LinkedIn | Twitter.
The Global Resilience Index launched today, will help improve the way insurers, financiers and investors measure the resilience of countries, companies and supplychains. The report tracks developments across sectors covering 90% of global emissions in 2015-2021. Apple is a member of Climate Group’s RE100 initiative.
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