article thumbnail

The biggest carbon losers

Corporate Knights

But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic. Divestments (8%). 0.124 Retirements and divestments (100%). Divestments (25%). 4 BP PLC Oil & Gas 35,600,000 32,600,000 -0.48 -0.583 Divestments (87%).

article thumbnail

This scrappy Australian recycling pioneer is the most sustainable corporation of 2024

Corporate Knights

For example, Sims finally divested itself of part of its municipal recycling business – a large blue-box operation in New York City. In 2022, the firm sold much of its stake to Closed Loop Partners, a New York–based circular economy fund, and then divested the rest last year.

Net Zero 315
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shrinking the pet food industry’s carbon footprint, one lab-grown cat treat at a time

Corporate Knights

“If we took out that revenue stream, the leg of that table would sort of collapse,” Errett says, “because factory farms operate on razor-thin margins as it is, and if they can’t sell all the offcuts or B-meat into pet food, it becomes biohazardous waste, and they would have to pay to have it removed.”

article thumbnail

Suncor is turning its back on a clean energy future, let’s turn our backs on them

Corporate Knights

Suncor had already divested from solar and wind assets last year, reportedly to focus on hydrogen and renewable fuels. The former Imperial Oil CEO came out of retirement in May only to steer the company “ back to being a good old-fashioned oil company,” as Western Standard noted.

article thumbnail

ESG Today: Week in Review

ESG Today

This week in ESG news: Microsoft launches new multi-framework ESG reporting solution; Goldman Sachs exits Climate Action 100+ as political pressure builds; World Bank issues bond with interest linked to reforestation-based carbon removals; GM signs its largest-yet renewable energy deal; Texas expands its divestment list of financial companies “boycotting” (..)

article thumbnail

Sustainability Is Walking the Runway

3BL Media

Outdoor clothing giant Patagonia has been a leader in sustainable fashion, using 100% recycled materials for packaging and catalogues and partnering last year with Eastman, an American chemical company, to create sustainable fibers from unusable pre- and post-consumer textile waste.

article thumbnail

Creating a More Sustainable World With SAP's Focus on Green Customer Experiences

3BL Media

Indeed, nearly half (49%) of investors globally would divest from companies that are not taking sufficient action on environmental, social, and governance (ESG) issues. Reduce Waste. Market and investor pressure, business impact, and customer pressure are shaping the demand for sustainable business practices. Embrace Circularity.