Supply chain News and trends

Samskip, a prominent green shipping organization, has initiated a new project aimed at reducing CO2 emissions from its vessels. The Carbon Capture and Utilization system developed by Samskip captures 30% of the CO2 emissions produced by combustion engines in real time. Then, the system stores the emissions in portable batteries, thus offering an environmentally sustainable solution for the shipping industry.

The portable batteries can be delivered to clients, such as agricultural businesses and greenhouses, which require CO2 to promote growth in their products. By providing these clients with captured CO2, the need for gas-powered machinery can be eliminated, resulting in a reduction in natural gas usage.

Via EcoVadis

Amid “the Great Resignation” and a volatile economic period, companies can’t afford to lose talent or customers. They must reinvent their business models to be both profitable and sustainable.

Establish a Sustainable Business Strategy Embed Sustainable Data into Business Processes and Networks Manage Carbon and Climate Exposure Throughout the Business Embrace Circularity and Become Regenerative Prioritize People Across the Supply Chain
Via EcoVadis

HSBC, one of the biggest banks in the world, has set bold climate change ambitions — and its sustainability aspirations are now being replicated in New Zealand.

The bank, based in London after being established in Hong Kong in 1865, believes there is a landmark opportunity to build a thriving, resilient future for society and businesses by prioritising financing and investment that supports the transition to a carbon zero global economy.

HSBC, with assets of nearly US$3 trillion (NZ$4.29t), operates in 64 countries and has 40 million personal banking customers and 1.4m business clients. The bank is prepared to work with all of them to develop tailored solutions to reduce greenhouse gas emission. It is also applying a climate lens to financing decisions.

Via EcoVadis

With consumers prioritizing environmental sustainability, Amazon and Target unveiled stores that aim to use less energy than they produce, the retailers announced last week. Target's first net-zero energy store is located in Vista, California, and the new Amazon Fresh store, which is pursuing net-zero carbon certification, is located in Seattle.

 

The new Amazon Fresh Seattle location features a CO2-based refrigeration system, has steel byproducts to reduce embodied carbon and fully sources its electricity from the company's renewable energy projects. Target's store has solar carports, CO2 refrigeration and LED lighting.  Drawing from its experience, Target said it plans to add CO2 refrigeration to all of its stores by 2040. Amazon said that some of the upgrades will be used at all of its Amazon Fresh grocery stores going forward, such as the lower-carbon concrete flooring. 
Via EcoVadis

Climate change has been getting a lot of attention recently, and for good reason. The latest science shows the risk is manifesting faster and it’s not just fires and floods causing problems. A changing climate will gradually and increasingly impact us all. Science also tells us now is the time to take action for future generations and to ensure business resilience.

This is why Treasury Wine Estates has set an ambitious target of net zero emissions (Scope 1 and 2) by 2030. With 70% of these emissions generated from electricity, we have our sights on achieving 100% renewable electricity across our entire operations by 2024. 

Targets are important for transparency and accountability. But how you achieve those goals is just as valuable.

As an industry with a significant agricultural footprint, there are three key areas wine producers can act on together to support the transition to a low-carbon future.

Via EcoVadis

Memphis-based global freight transportation and logistics services provider FedEx announced this week it is making a $2 billion investment in order to have carbon-neutral operations by 2040, which it said will be focused on by initial investments in vehicle electrification, sustainable energy, and carbon sequestration.

Via EcoVadis