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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. This will allow us to continuously refine our own Transition Plan.”
VERGE empowers professionals decarbonizing and future-proofing their organizations and supplychains through climate technologies. Trellis Impact 25 brings together VERGE , Bloom , and GreenFin and will be held October 28-30, 2025, at the San Jose Convention Center in San Jose, CA.
Data scientists are utilizing large data sets, implementing use cases such as transforming supplychain models, responding to increased levels of fraud, predicting customer churn, and developing new product lines, to mention a few key use cases. Enterprises across all industries are recognizing the true potential of AI/ML.
In September, five of the leading reporting groups (CDP, CDSB, GRI, IIRC and SASB) issued a statement of intent to work together to create a comprehensive global corporate reporting system and a mere two months later, IIRC and SASB announced an intent to merge to become the Value Reporting Foundation. .
“The Emerging Leaders program provides a forum where environmentally focused youth can explore and learn about climate solutions and sustainability efforts across public and private sectors,” said Alex Liftman, global environmental executive at Bank of America, which sponsored the program at GreenFin. Associate, Corporate Engagement at CDP.
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.
The same week that PepsiCo announced its new ambition, the company’s foundation extended the terms of its 14-year-long relationship with the Inter-American Development Bank — with initiatives including a fund meant to promote the inclusion of women in regenerative, sustainable agricultural models in Latin America. And it's flight by flight.
Knowing Physical Threats Enhances Risk Assessment The number of companies that acknowledge climate change’s direct financial impact grew 24% in 2023, according to a CDP Worldwide survey. This was the case with a large South American bank, whose most significant financial threat comes from—of all things—farming.
This week in ESG news: IBM study shatters “myth” that ESG harms profitability; PwC boosts nature and biodiversity capabilities; Starbucks certifies 3,500 environmentally sustainable stores; Hong Kong to require all issuers to report on climate; EU lawmakers adopt rules tackling deforestation in supplychains; Schneider Electric launches (..)
Similarly, natural capital is our global bank of natural assets, including soil, water, air, and all living things. While all sectors have good reason to start mitigating their impact on nature, today’s investors are most concerned about those with large, global supplychains. Why Biodiversity Matters.
A 2021 report showed that fewer than half of financial institutions disclosing their emissions through the Carbon Disclosure Project (CDP) have taken action to align their portfolios with a well below 2°C world. The UK banking sector has seen a huge reduction in branches since the 1980s.
First and foremost, organizations must talk about change alongside practicable efforts to enact it — and validate and ensure accountability for those efforts by measuring them against standards like the 17 United Nations Sustainable Development Goals and CDP's disclosure standards.
Last year we saw evidence that human rights and child labour issues are impacting supplychains operating in the US and Europe, as well as those based in developing nations. Three areas in which we expect to see the greatest gains in 2024: predictive supplychain mapping; traceability; and Scope 3 emissions tracking.
Inclusion and diversity: Representation is on-track to meet 2030 goals for women and people of color in leadership roles, with improvement in representation deeper in our talent pipeline for women and people of color. The report was prepared in accordance with the Global Reporting Initiative (GRI) Standards.
Investors and companies urge Commission to adopt supplychain scrutiny rules “without further delay”. . Investor signatories include Aviva Investors, Triodos Bank and EFG Asset Management; corporates such as Danone, Epson and IKEA also signed the declaration.
In a new report focused on quantifying such risks in the apparel supplychain , sustainability-focused think tank Planet Tracker examined 29 top brands on their propensity to report their water impacts and dependencies, and to fix targets to reduce their water footprints. It’s clear that more companies need to step up.
CDP disclosure expansion aims to provide more visibility on plastics for investors. . Improved visibility of the role of plastics in business processes and supplychains will help, according to environmental disclosure platform CDP, but forward-looking metrics will also be needed to guide future investments. .
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.
In this respect, they echoed other sustainability reporting frameworks, such as those provided by the Global Reporting Initiative (GRI), the Carbon Disclosure Project (CDP), and the Sustainability Accounting Standards Board. For example, a bank or an insurer may use your transition plan when pricing risk.
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.
As corporate customers face increasing scrutiny over their supplychain emissions, businesses of all sizes must become more transparent. By making it easier for SMEs to measure and report emissions, millions more businesses can start their journey to net zero and bring much needed transparency to global supplychains and networks.
GRI, TCFD, UN SDGs are available for free; SASB, CDP are paid add-ons; ISSB to be added in future). As part of its ongoing work on Project Greenprint, MAS will draw on the learnings from ESGenome to address the reporting needs of the broader universe of corporates, notably SMEs, and supplychain partners and suppliers.
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. CDP estimated that Scope 3 emissions account for three-quarters of a company’s emissions on average.
Companies can scale up the impact of their investments by joining forces with companies like Amazon and Bayer through initiatives like the LEAF Coalition or get involved with Natural Climate Solutions (NCS) investment accelerator along with Bank of America and McKinsey & Co. The new financial regulatory developments in the U.S.,
ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including GRI, Sustainalytics, ISS ESG, CDP, Diginex, Esgaia and Normative. . It is backed by top executives from leading Nordic banks and fintech companies including Avanza, Collector, Handelsbanken, Swedbank, Northmill, Resurs and Klarna.
Analysts at Bank of America Merrill Lynch found that ESG was “the best measure we’ve found for signaling future risk,” prompting more and more asset managers to incorporate ESG into standard analysis. What is the Task Force on Climate-Related Financial Disclosures (TCFD)? TCFD Reporting Statistics. Julia graduated with a B.S.
A new partnership will see the companies support vital habitats for native wildlife in the US, investing a combined $15 million in the project. And in heavy industry, Swedish steelmaker SSAB has estimated a boost of almost $1 billion to its annual profits by 2030 from its shift towards carbon-free metals production. .
Today, the international non-profit CDP published a report analysing the disclosure of around 19,000 companies globally. CDP work closely with the UK Transition Plan Taskforce, which is developing mandatory standards for listed companies and financial firms to ensure plans are comparable.
Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. Examples are the Swiss art 964 and the German supplychain act. Figure 3: Calculated impacts of company A for the fiscal year 2019 (own operations and upstream supplychain).
“I hope in 2023 we will start to see transition plans at every level – with companies, countries and international institutions setting out their routes towards a net zero future – give it a go and get involved.” In analysis recently prepared by non-profit CDP, of those organisations who have disclosed a transition plan, only 0.4%
Effective from 1 July, the policies would prohibit clients from ‘ the production or primary processing of beef on or from areas in the Amazon cleared or converted after 2008’ and commit to a fully deforestation-free South African beef supplychain by 2025 in areas including the Amazon and Cerrado.
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. which recorded an 85% fall.
With firms only being “required” to disclose, “it will now be up to individual governments to implement policies that ensure this happens and we hope that this will be through enforcing mandatory disclosure on nature,” said Helen Finlay, Global Associate Director for Policy Engagement at environmental disclosure platform CDP.
Keeping track of all the possible biodiversity and nature-related risks and impacts across a large corporate’s supplychain becomes “incredibly complex”, Cozic says.
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.
Battery SupplyChain. CDP Reports Surge in Companies Disclosing Environmental Data as Mandatory Reporting Nears. Lloyds Bank Becomes First in UK to Commit to End Financing of New Oil & Gas Projects. Sustainable SupplyChain Solutions Startup Makersite Raises $18 Million. Biden Admin Awards $2.8
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.
This week in ESG news: HSBC ends financing of new oil & gas projects; EU agrees to a carbon tax on imports; Australia to introduce mandatory climate reporting for companies; Dow Jones Sustainability annual index changes released; Barclays sets $1 trillion sustainable finance goal; Annual CDP environmental scores released; Biden invests $3.7
The Institutional Investors Group on Climate Change (IIGCC) has launched a new standard setting out expectations for credible net zero plans in the banking sector, and will publish their first assessment of banks this summer. And in the U.S.,
A new report from the Asian Development Bank has found that the benefits of transitioning to net zero greenhouse gas emissions for countries in developing Asia would outweigh the costs fivefold, if effective policies are implemented. The company has committed to adopt regenerative agriculture across its entire potato supplychain by 2030.
This week in ESG news: Shell’s board of directors sued over climate strategy; UK regulator to test asset managers for greenwashing claims; Nordea ties top exec compensation to ESG goals; CDP says only 1 in 200 companies have credible climate plans; KPMG & Workiva partner on ESG reporting solutions; Aviva Investors to require climate transition (..)
Oliver Camp is passionate about food waste, which he calls a "terrible indictment of our ability to manage our food and supplychains." More recently, she co-wrote an article about the environmental impact of the charcoal supplychain. Senior Associate, Global Alliance for Improved Nutrition; London. LinkedIn .
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.) Celine Herweijer, Partner, Global Innovation and Sustainability Leader, PwC.
The role of forests as carbon sinks and sources of biodiversity is well recognised, but action to clean-up supplychains is slow to reduce deforestation rates. This explainer looks at how investors can encourage companies to remove the products of deforestation from their supplychains.
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