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The company touts advancing responsibility for sourcing raw ingredients, such as cobalt, within its supplychain. Rosalind Brewer is the first African-American and woman to steer the company’s Americas operations as well its global supplychain, product and store development. and globally by 2040. Company profile.
Burberry has strengthened its resolve to be climatepositive by 2040 by refinancing a credit facility to a £300m Sustainability Linked Loan. The firm committed to the climatepositive target last June, which will place the company ten years ahead of the 1.5C pathway laid out in the Paris Agreement.
Time will tell – Two reports this week gave us a snapshot of the status of asset owners’ efforts to decarbonise the operations and supplychains of the firms in their investment portfolios.
Border to Coast’s low-carbon theme looks to engage with companies in high-emitting sectors and banks identified as key to financing this transition. The theme encompasses climate governance, strategy and alignment with the Paris Agreement, board oversight and incentivisation, Scope 3 emissions and the supplychain, and just transition.
Backed by a $75 million debt finance commitment from Australia’s ‘green bank’, the Clean Energy Finance Corporation ( CEFC ), the facility is designed to provide a substantial boost to Australia’s recycling sector while also expanding onshore recycling capabilities. Brisbane City, IOC Future Host Commission Questionnaire Response , May 2021.
To quickly grasp the scale of their nature-related exposures, investors and corporates should view new reporting and risk management processes as an extension of existing climate strategies, delegates heard at the PRI in Person 2023 event.
Mixed picture Do climate-related disclosures provide investors with the decision-useful information they need as they seek to reduce portfolios emissions while orientating capital to climate-positive investments? There are also emerging topics, such as just transition, where data is very sparse.”
German sportswear company adidas committed to using only recycled polyester across its supplychain by 2024. And pressing companies to eliminate deforestation in their supplychains has long been an activist focus. It’s not just the climate impacts of concern to investors. BP announces net-zero by 2050 ambition.
Apple is also working to transition its entire product supplychain to renewable electricity by 2030, as part of its efforts to achieve its verified 1.5-degree QUOTE OF THE WEEK “Customers increasingly care about climate change, their footprint, their supplychain footprint.
In other US climate-positive news, the Biden administration recently awarded US$4.3 In related news, NatWest Group issued this week the first bond by a UK bank dedicated to financing and re-financing electric vehicles (EV), raising net proceeds of €750 million (US$811.4
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