![](/resources/img/loader/loading.gif) Your new post is loading...
|
Scooped by
EcoVadis
June 20, 3:29 AM
|
The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed.
The use of the technology could reduce the need for manoeuvres and route deviation from close encounters with high-risk marine targets such as vessels, buoys and sea mammals by alerting the crew in real time, according to the report.
|
Scooped by
EcoVadis
June 20, 3:26 AM
|
CapitaLand Investment Limited (CLI) has incorporated three new Scope 3 categories deemed material to its operations – Purchased goods and operations, Fuel- and energy-related activities, and Upstream transportation and distribution – and expanded the scope of the Capital goods category following the latest review of its full inventory of Scope 3 emissions, emissions hotspots and key decarbonisation levers across its value chain, as detailed in its 15th Global Sustainability Report. CLI also bolstered its reporting in existing categories, such as tenant consumption, enabling improved initiatives with tenants and the supply chains. The widened scope reaffirms CLI's commitment to action on its sustainability targets and a focused execution progress charted by its 2030 Sustainability Master Plan (SMP).
|
Scooped by
EcoVadis
June 20, 3:24 AM
|
According to the National Environmental Services Survey 2024, 80 per cent of UK environmental professionals have expressed concerns about the credibility and transparency of carbon credit offsetting schemes. The survey, which gathered data from 1,498 professionals, also found that 67 per cent believe carbon offsetting is not a viable strategy to achieve net-zero emissions.
|
Scooped by
EcoVadis
June 20, 2:53 AM
|
Entitled “Driving the fairness agenda,” the Annual Report highlights the achievements of the Fairtrade system and its partners in the past year, such as its programs and initiatives that deepen benefits for more than two million farmers and workers from 68 countries around the globe.
Fairtrade reported on its first strategic priority of shifting the balance of power to farmers and workers, including developing pathways to decent and sustainable livelihoods, building resilience to climate change, reinforcing human and environmental rights, and supporting women and young people as leaders.
|
Scooped by
EcoVadis
June 20, 2:51 AM
|
The recent adoption of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) has been highlighted as an important step forward in the effort to introduce legislation requiring business enterprises to adopt measures aimed at preventing impacts to human rights and the environment, including in relation to climate change.
|
Scooped by
EcoVadis
June 20, 2:48 AM
|
The Hershey Company is looking to expand on its already 100% independently verified cocoa supply chain by establishing full sourcing visibility for its cocoa volume in both the Ivory Coast and Ghana by 2025, according to its latest ESG report published last week.
|
Scooped by
EcoVadis
May 20, 3:08 AM
|
At a time when climate related risks are posing a challenge to businesses, 86 per cent of organisations in India recognise the significance of sustainability in shaping business strategies, but only 16 per cent have prioritised sustainability goals and built them on real facts and data, IT infrastructure services provider Kyndryl and Microsoft stated in a joint study.
|
Scooped by
EcoVadis
May 20, 3:01 AM
|
The European Parliament has voted to adopt the Corporate Sustainability Due Diligence Directive (CSDDD), following months of negotiations between the European Union (EU) institutions and member states.
“Ensuring that corporations take responsibility for preventing and managing the environmental, labour, and human rights impacts of their supply chains is key to global sustainable development efforts. The adoption of the CSDDD is a step in the right direction”, Suzy H. Nikièma, Director of Investment at the International Institute for Sustainable Development (IISD) said.
|
Scooped by
EcoVadis
May 20, 2:44 AM
|
Having a well-defined sourcing policy demonstrates a retailer’s commitment to sustainability, while mitigating the risk of the reputational damage associated with unsustainable practices, particularly in the palm oil supply chain.
One of the most effective ways for retailers to ensure the sustainability of their palm oil supply chain is by partnering with organisations like the Roundtable on Sustainable Palm Oil (RSPO).
More than 80 retailers worldwide have joined the RSPO since its inception in 2004, with over half headquartered in Europe. Within the region, British, Dutch and German retailers are leading the way.
|
Scooped by
EcoVadis
May 20, 2:41 AM
|
Starting in April 2024, The Yokohama Rubber Co., Ltd. is using the RubberWay Geo-Mapping risk assessment tool to bolster its sustainable procurement practices. By adopting this technology, Yokohama Rubber aims to enhance the traceability of natural rubber throughout its supply chain, aligning with the recommendations of the Taskforce on Nature-related Financial Disclosures and ensuring compliance with the upcoming EU Deforestation Regulation.
|
Scooped by
EcoVadis
May 3, 6:36 AM
|
Various environmental, social and governance (ESG)-related funds from Abrdn, Morgan Stanley and UBS have recently been renamed to omit sustainability-related phrases.
In addition, according to data from Morningstar Direct cited by the FT, launches of environmental, social and governance (ESG)-related funds have been steadily declining, with only six launched in the second half of 2023 compared to an average of nearly 100 a year between 2020 and 2022.
The trend follows a ruling from the SEC in September 2023 that 80% of assets in funds must be related to the name.
|
Scooped by
EcoVadis
April 22, 2:23 AM
|
A collaboration between aquaculture technology specialists Ace Aquatec and start-up Tiny Fish aims to advance the Scottish salmon industry’s circular economy by helping the sector gain access to new premium food markets for its smallest fish.
Scottish salmon farms have an approximate monthly survival rate of 97 to 99 percent throughout their lifecycle, with the fish lost each month commonly being composted. However, through their new collaboration, Ace Aquatec and Tiny Fish hope to alter this fate, culling smaller fish and marketing them as a premium food product.
|
Scooped by
EcoVadis
April 22, 2:21 AM
|
As increasingly tighter rules aim to address environmental concerns, businesses face mounting pressures to meet these new sustainability targets.
This year’s InCosmetics Global trade show housed a dedicated Sustainability Zone to help beauty and personal care companies navigate the ever-changing rules, as they continue their journey to become more sustainable throughout their supply chains.
According to Dr Barbara Olioso from The Green Chemist Consultancy – who was moderating and overseeing the Sustainability Zone – it’s a challenging topic for businesses and more collaboration could very be helpful.
|
|
Scooped by
EcoVadis
June 20, 3:27 AM
|
The global forest certification organisation’s Fashion from Sustainable Forests survey was conducted by YouGov among 5,329 adults in the UK, France, Italy and Spain. It found that 74% of consumers surveyed believe it’s important that clothes made from forest-derived fibres (known as MMCF, which stands for man-made cellulosic fibres) are sourced from sustainably managed forests.
|
Scooped by
EcoVadis
June 20, 3:25 AM
|
Fibre reprocessor and packaging producer DS Smith has announced that it has replaced more than 1.2 billion pieces of plastic across its global operations, hitting its 2025 target 16 months ahead of schedule.
|
Scooped by
EcoVadis
June 20, 3:23 AM
|
The EU Council has reached a political agreement to more closely scrutinize soil health monitoring across member states, providing guidelines to manage soil sustainably and identify situations where soil contamination poses health and environmental risks.
The proposed soil monitoring law requires member states to monitor and assess the health of soil in their territory so that landowners and authorities across the EU can take appropriate sustainable soil management measures.
Healthy soil is essential for food production, with as much as 95% of the food is produced directly or indirectly on soil. However, estimates say that over 60% of the soils in the EU are not in good condition.
|
Scooped by
EcoVadis
June 20, 2:52 AM
|
Prominent fashion brands are partnering on a groundbreaking financing initiative to expedite the decarbonisation of their global supply chains, which are responsible for approximately 99% of the industry’s total greenhouse gas emissions.
The Future Supplier Initiative, facilitated by The Fashion Pact in collaboration with the Apparel Impact Institute, Guidehouse, and DBS Bank, will offer a collective financing model and technical support to assist suppliers in major manufacturing hubs in transitioning to renewable energy and adopting low-carbon technologies.
|
Scooped by
EcoVadis
June 20, 2:49 AM
|
Sustainability is at the top of the food industry’s agenda. More than one third of food produced goes to waste and this waste accounts for up to 10% of global greenhouse gas emissions. The food sector has the potential to drive significant positive change and companies are actively seeking ways to reduce waste and minimize their environmental footprint at every stage of the value chain.
|
Scooped by
EcoVadis
June 20, 2:47 AM
|
The ongoing climate crisis prompts carbon-intensive sectors to abolish their footprint. The UK plans to cut carbon emissions by 78% by 2035, starting to reach Net Zero Carbon Emissions by 2050. Industries must follow suit and join the zero-carbon journey. New-age scientific engineering practices are needed to achieve net-zero carbon for manufacturing.
|
Scooped by
EcoVadis
May 20, 3:07 AM
|
The treatment of animals rates higher than green issues when consumers choose meat and dairy products.
That's according to a new study, which suggests that while consumers consider sustainability important, other factors such as taste, quality, and animal welfare take precedence in their purchasing decisions.
|
Scooped by
EcoVadis
May 20, 2:46 AM
|
While financing of deforestation has been business-as-usual for decades, there are signs of change. Leading financial institutions are beginning to chart a way forward, while laggards ignore escalating risk at their peril.
This risk ties back to negative impacts on the ground. When exposed to environmental and social harms in their operations or supply chains, companies can face legal, market, operational, regulatory and reputational risks that threaten financial performance. For financial institutions, having risky companies in their portfolios can translate into negative returns on investments, defaults on loans or losses due to stranded assets.
|
Scooped by
EcoVadis
May 20, 2:42 AM
|
Microsoft has adopted more than 80 measures to counteract a 29.1 percent increase in its greenhouse gas emissions since 2020, predominantly driven by its new data centers.
The company‘s Scope 1 and 2 emissions — those closely tied to the company’s operations, manufacturing and use of power — have decreased 6.3 percent since the 2020 baseline. However, its Scope 3 output (indirect emissions from customer purchases and other supply chain categories) climbed 30.9 percent in the same period.
|
Scooped by
EcoVadis
May 3, 6:37 AM
|
Private market funds may soon need to open their books to scrutiny regarding their ESG performance, and many industry players are welcoming the change.
“I’m looking forward to seeing more disclosure and transparency in the private markets,” said Bonnie Foley-Wong, Canada sustainable investment leader with Mercer (Canada) Ltd. in Toronto. “Investors are asking for that and it will certainly help in terms of whole-portfolio management.”
|
Scooped by
EcoVadis
May 3, 6:35 AM
|
Some asset managers are retreating from their public ESG commitments due to so-called ‘greenhushing’ suggests a report into ESG investing in private markets.
The report, ‘The State of Private Market ESG and Impact Investing in 2024’, was published by PitchBook, a market data provider for the private equity and venture capital markets.
It found that firms are no longer prioritising some of their ESG and impact investing programs for fear of a backlash from opponents of green and sustainable investment strategies or for fear of reputational damage amid claims of greenwashing.
|
Scooped by
EcoVadis
April 22, 2:22 AM
|
Nestlé Purina utilises a variety of fish and seafood items, sourced from around the world and is the first GSSI partner from the petfood industry to join the global partnership network.
A high proportion of the seafood ingredients in Purina’s products are seafood sidestreams - those parts of the fish remaining after fillet removal. Despite this, the company believes that it can further expand its use of responsibly managed and sourced seafood and has set a goal for the ingredients in its products to be 100 percent responsibly sourced by 2030.
|