This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Apple embeds racial justice into new supply-chain carbon neutrality pledge. Apple already has ventured far beyond most other companies when it comes to pushing for climate action within its supplychain. . That's how much clean energy companies within Apple supplychain have committed to using. SupplyChain.
An Explosion of ESG Bond Issuance. ESG-labeled bond issuance surged to new heights in 2021. Greenbonds, which fund particular projects, continued to dominate. But issuance of social, sustainability and sustainability-linked bonds—which reference specific key performance indicators, or KPIs—grew fastest (Display).
A proliferation of greening initiatives from industry players has emerged with public announcements of policies to tackle this issue, measures to address their supplychain footprints, promotion of circular economy practices and encouragement for sustainable brands growing increasingly popular. But it is not all doom and gloom.
Food and beverage giant PepsiCo announced today the completion of a new greenbond offering, raising $1.25 billion, with proceeds aimed at funding projects supporting the company’s agriculture and value chain-focused sustainability initiatives. The post PepsiCo Issues $1.25
Railroad company Union Pacific announced today the completion of a $600 million greenbond issuance, with proceeds aimed at funding its decarbonize and emissions reduction investments. Union Pacific recently released its Green Financing Framework, outlining eligible categories from investment from its issuances of greenbonds.
The pullback threatens to erode years of progress, which has made Europe the leading market for sustainable funds , greenbonds and other responsible investments, and jeopardizes the capital needed for the EUs ambitious climate goals. Supplychain audits will be required once every five years rather than annually.
American multinational technology company Apple has announced that its 2020 greenbonds will support the installation of 1.2 The company funded 17 greenbond projects, from the $4.7 billion in greenbond funding the company issued since 2016. From its greenbond portfolio, Apple has so far allocated $2.8
Asset managers Head of Fixed Income hopes market expansion will eliminate need for the purely greenbond-focused vehicle within the next decade. Niche to mainstream evolution Storebrand stated that the fund was the first commercial greenbond fund, building on the first ever greenbond issued by the World Bank in 2008.
The current greenbonds used to offset GHG emissions can be expanded to identify a roadmap that supports individuals within a corporation’s community or supplychain. Although interests may not align, the purchasing power of these groups can be harnessed to pinpoint cleaner financial decisions.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Partners with Pivot Energy to Develop Community Solar Projects to Help Tackle Scope 3 Emissions JERA Nex Enters U.S.
billion greenbond to build new net zero chemical plant, and more. Billion GreenBonds to Fund New Net Zero Chemical Plant Private Equity & Venture Capital Industrial Decarbonization Startup Celadyne Raises $4.5 Billion to Build Gigafactories Across Europe Dow Issues Inaugural $1.25
Corporate interest in sustainability-linked loans has grown rapidly, as the financing provides flexibility to use proceeds for general corporate purposes, while with instruments such as greenbonds, raised funds can only be allocated to specific categories of green projects.
Because we're Scope 3, it's got to be across your whole supplychain. And then we're going to take that money, and we're going to deploy it with a third party into our supplychain. It's not something that's out there, it's put into our supplychain, to fully eliminate the impact of the emissions from that flight.
Another way companies reduce operational costs is through investing in a sustainable supplychain. This can lead to more stable and resilient supplier relationships, reducing the risks and costs associated with supplychain disruptions. These improvements can significantly reduce operational costs over time.
Several big aquaculture companies have tried to eliminate soy grown on deforested land from their supplychains, but it’s notoriously hard to track sourcing in remote regions. Switching to these systems can be costly, but, as Planet Tracker argues in its report, greenbonds can be used to finance the transition.
SynTao Green Finance is a leading consultancy providing professional services in green finance and responsible investment in China. It provides consulting and researching services in responsible investment, ESG data, greenbond verification, and other green finance areas.
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 (..)
This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supplychain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)
to Fund Clean Energy Buildout EdgeConneX Secures $1.9 Billion in Financing Tied to Sustainability Goals Private Equity & Venture Capital Fintech Startup Unwritten Raises $3.5
The announcement follows Verizon’s issuance earlier this year of its fourth $1 billion greenbond. Verizon has allocated billions from greenbond offerings over the past few years to scale up its use of renewable energy. In January, the company revealed that it had secured approximately 2.6 energy grid.
Walmart has crossed the halfway mark towards achieving its Project Gigaton™ goal to reduce or avoid one billion metric tons of greenhouse gas emissions from its global value chain by 2030. To date, suppliers report having reduced or avoided more than 574 million metric tons of supplychain emissions.
Truck Builder Scania Sets 2030 Goal to Decarbonize SupplyChain. Capgemini Sets Goal to Reduce Emissions Across Value Chain by 90%. Assent Launches SupplyChain Sustainability Reporting Solution for Complex Manufacturers. Anglo American Ties Interest on $745 Million Bond to Climate, Water & Job Creation Goals.
The demand for low-carbon steel is set to rise as manufacturers worldwide strive to decarbonize their supplychains. Steelmaking, a major CO2 emitter, poses challenges in reducing greenhouse gas emissions, accounting for 7% – 9% of direct emissions from fossil fuel use globally.
For example: A Hong Kong Monetary Authority study revealed that one-third of corporate greenbond issuers globally had worse environmental performance after their initial greenbond issuance. By embedding sustainability into the supplychain, companies can reduce their exposure to greenwashing risks.
The new green loan follows the company’s announcement in 2021 of plans for its financing structure to have an increasingly higher percentage of green and sustainable products, estimated to account for nearly two-thirds of its debt by 2025. In December, Iberdrola announced a €5.3
Ujala Qadir, Director of Strategic Programmes at the Climate Bonds Initiative, explains why the organisation has expanded its greenbond taxonomy to cover climate resilience. But it’s called ‘supply-chain management’ or ‘business continuity’ – not adaptation or resilience,” she said.
invests over $1 billion in carbon removal projects; BlackRock, New Zealand partner to launch climate infrastructure fund; California launches clean hydrogen strategy; Fitch study finds greenbond allocations overlooking climate adaptation; Goldman invests in U.S.
The Climate Bonds Initiative, for example, recently expanded its greenbond taxonomy to cover adaptation and resilience. The Oxford Programme for Sustainable Infrastructure Systems, part of the ECI, has studied the UK’s dependence on global infrastructure systems and supplychains, and how the country is affected by disruption.
How to uphold human rights in the supplychain. Supplychain operations can be distant and full of social and environmental problems. As companies take more responsibility for their supplychains, they want to know how to address modern slavery and advance living wages. Social Justice 8.
Wong also highlighted the importance of developing green finance in order to channel the trillions of dollars in capital necessary to facilitate the low carbon transition. Other initiatives highlighted by the Deputy PM included raising the carbon tax and new public sector commitments.
But for smaller companies in the supplychain, there will be indirect pressure on them to press forward with reducing their own GHG emissions. A new way to fund sustainability and renewable energy investments is through greenbonds. Water as a Sustainable Goal According to the U.S.
Continues to help create long-term value for business through ongoing investments in ESG and supplychain resiliency. The issues we are tackling are systemic, requiring supplychain and business transformation. Black management representation by 60 percent year-over-year. z International, Inc. z International.
An example would be asking AI for the latest GreenBonds and a list of companies where the proceeds could be effectively used. AI can predict the impact of climate change on a company’s operations, supplychain and market demand.
Lenovo is also working with its supplychain to use sustainable biofuels in our ocean shipping with Maersk. Lenovo is paving the way for future environmental improvements with a $625 million greenbond offering to help fund sustainable building initiatives.
It also means tapping into new sources of income — for example greenbonds or incentives and payments for environmental services — so that farmers have science-based tools and the capital they need to invest in improving farm sustainability that supports people, profit and planet.
Justine Leigh-Bell , Executive Director, Anthropocene Fixed Income Institute, a non-profit organisation aimed at influencing investment decisions in the fixed income markets, argued that SLBs will play an important role, alongside greenbonds and other instruments. “We
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. Finance climate action Financing climate action can take many forms, such as greenbonds or sustainability-linked loans.
The result is an ESG investor’s nightmare, combining opaque supplychains with forced labour and resource-intensive manufacturing. Golden green – Australia took another step along its belated path to net zero under the Albanese government with the issuance of A$7 billion (US$4.7 billion) in green sovereign debt.
The current myriad of regulatory and supplychain issues brought on by a perfect storm of the escalating climate crisis and the ongoing pandemic has spurred an increasingly urgent demand for environmentally and socially responsible decision making by companies of all sizes and in all corners of the planet.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content