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While biodegradable plastics currently exist, they rely on commercial composting, which uses energy to heat the compost, as well as presenting other logistical challenges. It’s because they need specific manmade conditions to biodegrade, and many degrade into microplastics, which contaminate our oceans and food chain for centuries”.
. “Furthermore, even as organisations ramp up sustainability initiatives, consumers are more skeptical than ever about corporate sustainability, as more than half believe that organisations are greenwashing their sustainability initiatives, up from 33% in 2023.”
A new guide from the We Mean Business Coalition, “ The 4 As of Climate Leadership ” defines, in terms of ambition, action, advocacy and accountability, what companies must do to deliver on net-zero commitments and avoid accusations of greenwashing. Ambition: Has the company set the right decarbonization targets? Collaboration is key.
billion in carbon removal; EU bank regulator unveils sustainable finance plans; ISSB to add biodiversity to climate disclosure requirements; Microsoft hires new Chief Sustainability Officer; McDonald’s purchases renewable energy for 100% of US logistics electricity needs; ECB to step up climate risk action at banks, and more.
Green light for greenwashing – The US Inflation Reduction Act is widely seen as giving the green light to green investments, due to the incentives it provides for allocating capital to renewable energy projects and technologies, but will it also fuel greenwashing? Not if the SEC has its way.
Besides smart, reliable regulation also accurate data on emissions along the supplychain is paramount to trigger the necessary investment, said Dominik Asam, CFO and member of the Executive Board of SAP SE. Accenture is helping organizations achieve their net-zero and sustainability targets in a rapidly evolving regulatory landscape.
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