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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.
We achieved our first interim target of reducing Scope 1 and 2 absolute emissions by 30% from our 2019 baseline. We strengthened our efforts to reduce Scope 3 emissions by enhancing sustainability practices throughout our supplychain.
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. Lagging disclosure.
Illumina received leadership score with an A- from CDP. On December 13, Illumina received an A- score from CDP, which runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. "We CDP defines top status as an A score. 2022 ESG Highlights.
Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supplychain, as well as financed emissions.
DESCRIPTION: LAUSANNE, Switzerland, December 20, 2022 /3BL Media/ - Tetra Pak has been recognised for leadership in corporate transparency and performance on climate change and forests by global environmental non-profit CDP , securing a place on its prestigious ‘A List’ for the fourth year running. 2 Baseline: 2019. C without nature.
GHG emission data also helps business monitor the effectiveness of mitigation strategies, and it helps investors understand broadly how the systemic risk across their portfolio is distributed among exposure to emitters (Scope 1 emissions), energy users (Scope 2) and companies with significant supplychain or use-phase impacts (Scope 3).
Environment Reduced Scope 1 & 2 (location-based) emissions by 65% and Scope 3 economic emissions intensity by 30% since 2019. Launched its Responsible Sourcing Initiative (RSI) to advance supplychain sustainability and strengthen vendor performance on labor, human rights, climate change, and diversity.
2019), meeting our 2025 target two years ahead of schedule. And we’ve announced targets to achieve net zero emissions across our operations and value chain by 2045 and 100% renewable electricity across all Teva sites by 2035. In 2023, we achieved a 27% reduction in scope 1 and 2 emissions (vs. We’re honest about our journey.
This trend of shareholder and consumer scrutiny has strengthened in recent months, and most S&P 500 companies — in fact, 70 percent of them — already make climate-related disclosures to the reporting platform CDP (formerly the Carbon Disclosure Project). The previously mentioned CDP has a large database of disclosures.
July 21, 2022 /3BL Media/ - DuPont (NYSE: DD) today announced it has committed to setting science-based targets to reduce greenhouse gas (GHG) emissions in line with the Science Based Targets initiative (SBTi), a partnership between CDP, the UN Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
This newfound perception of supplychain risk as inseparable from a broader array of sustainability challenges and opportunities is, in Heinzmann’s analysis, one of the most significant legacies of the pandemic, and it is a dynamic that he expects to continue shaping procurement and sustainability programs in the long-term.
Source: CDP filings; Environment and Climate Change Canada; Corporate Knights research Others point out that these strategies may do little more than reinforce actions cities were already taking. Paradoxically, cities with ambitious climate plans may also be wealthier, which means more consumption and thus more carbon.
by 2030 from a 2019 base year. The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), the World Wildlife Fund for Nature (WWF), and one of the We Mean Business Coalition commitments. 4) Scope 3 relates to emissions generated from its supplychain.
As a leading provider of business-to-business (B2B) supplychain solutions, our team continues to navigate through a mixed economic environment, while managing changing customer buying patterns. Wesco was also named Most Innovative B2B SupplyChain Solutions, North America by Pan Finance magazine for the first time this year.
In 2019, AB partnered with Columbia University’s Earth Institute to evaluate existing climate scenario analysis providers and their approaches. For example, one provider calculates a company’s physical risk based solely on its headquarters location, despite its global supplychain stretching across far-flung manufacturing locations.
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. The aim is to include certification of up to 13.7
Wesco was first recognized in 2019 and has been included each year since. UN SDG 3: Reduced Inequalities Wesco practices integrate respect for human rights, both directly within our global operations and throughout our supplychain. To learn more, download the 2024 Wesco Sustainability Report here.
Food systems are sustained by carbonintensive activities including agriculture, land use, and supplychain activities such as industrial processes and packaging, and account for one-third of total GHG emissions 7.
SBTi is a partnership between the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). Often, more than 80 percent of a company's climate impact occurs in the supplychain.
The report states: “Greenhouse gas (GHG) emissions have continued to rise during the period 2010–2019, as have cumulative net CO2 emissions since 1850. Average annual GHG emissions during 2010-2019 were higher than in any previous decade.” . Supplychain challenge . The CDP report shows that just 2.5%
SASB, GRI, CDP) with new findings and communicate the value of resilience and sustainability to your stakeholders early on and future-proof your sustainability reporting against future SEC regulations. You can also divest from risky assets and manage risk within the supplychain.
The good news is that across the globe, more than 9,600 companies disclose their environmental goals and performance measures in line with guidelines from nonprofit CDP. But for smaller companies in the supplychain, there will be indirect pressure on them to press forward with reducing their own GHG emissions.
CDP has estimated that the potential financial impact of water risks to businesses is over five times higher than the cost of addressing them. It’s important to integrate a value – chain perspective in the analysis, to capture dependencies and impacts on water beyond a company’s own operations.
For example, CDP reports that “despite many challenges in 2020” companies disclosing on TCFD -aligned reporting reached a global high — and that included more than 3,000 companies in 21 Asia Pacific Region (“APAC”) countries responding to CDP for the first time…and that now account for almost a third of CDP’s global corporate responses.
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. For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8
TCFD recommendations are intended to be incorporated by corporates into annual reports, like other popular frameworks Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB), rather than submitted to an independent body, like popular climate questionnaire CDP. TCFD Reporting Statistics.
Examples are the Swiss art 964 and the German supplychain act. Moreover, companies will use voluntary frameworks and surveys such as GRI, SASB, CDP, UNGC, and Ecovadis to answer requests from customers, investors and other stakeholders. Thank you GRI! Source VBA. UK) and devastating floods (e.g.
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.
Only company in Southeast Asia and Hong Kong to score double 'A's in 2019CDP Global A List for corporate climate action and water security ? Over S$28 million in savings due to energy-efficient initiatives and retrofitting works at eight office buildings from 2012 to 2019 ? Changing the Future.",
And this year’s Global SupplyChains Report from CDP has shown which companies took the necessary action on supplychain emissions in 2022. Of the more than 18,500 companies disclosing to CDP in 2022, roughly 7,000 said that they engaged their suppliers on climate change issues. million homes. million homes.
DESCRIPTION: Today, Walmart marks a major milestone: We are now more than halfway toward our goal to reduce or avoid 1 billion metric tons (a gigaton) of greenhouse gas (GHG) emissions from product supplychains by 2030 through our Project Gigaton™ initiative. Driving Action on SupplyChain Emissions.
Research shows that forests absorbed twice the amount of CO2 they emitted between 2001 and 2019, sequestering 7.6 With so much capital tied to deforestation-related risks, it’s more important than ever that UK pension funds gain visibility of investee companies’ exposure to deforestation, both directly and along supplychains, it added. .
Indeed, "net-zero" is the new "zero waste" — remember way back in 2019 when everyone was making that commitment? Global net-zero commitments doubled in less than a year and commitments by companies more than tripled, rising from 500 at the end of 2019 to more than 1,500 by September. Target practice.
Oliver Camp is passionate about food waste, which he calls a "terrible indictment of our ability to manage our food and supplychains." For example, on Earth Day 2019, Allbirds committed to carbon neutrality from that year forward through an internal carbon tax. Senior Associate, Global Alliance for Improved Nutrition; London.
As I began identifying leaders to include on this third annual list, I was inspired by the introduction to " All We Can Save ," an essay and poem collection co-edited by marine biologist Ayana Elizabeth Johnson (who you can find on this year’s list) and Katharine Wilkinson (who we recognized on the first Badass Women list in 2019). .
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