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EcoVadis
January 23, 2:23 AM
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International asset manager Robeco announced the key focus areas for its 2025 corporate engagement activity, with a continued focus on ‘evergreen’ issues including climate, nature and human rights, an expansion of engagement on deforestation in commodity supply chains, and new themes including supply chains in transition minerals and shareholder rights.
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EcoVadis
January 23, 2:18 AM
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A majority of people globally believe that their companies are not doing enough to address climate change and sustainability, and many are taking or considering climate change-related significant lifestyle changes in areas affecting consumption, living location and work choices, according to a new survey released by global professional services firm Deloitte.
For the report, Deloitte surveyed over 20,000 respondents across more than 20 countries, as part of a series of “ConsumerSignals Surveys” conducted by the firm since 2021, focused on people’s attitudes and behaviors related to climate change.
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EcoVadis
January 23, 2:17 AM
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The government of Germany is pushing for significant changes to the implementation timeline and reporting requirements of the European Commission’s Corporate Sustainability Reporting Directive (CSRD), including pushing back sustainability reporting obligations for smaller companies by 2 years, and eliminating sector-specific reporting requirements.
The proposed changes were recently outlined in a leaked letter signed by senior government ministers to the EU Commission, and discussed by Federal Minister of Finance Jörg Kukies in an interview with German daily newspaper Börsen-Zeitung. The proposals come shortly ahead of federal elections in Germany next month, following the recent collapse of the government’s coalition.
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EcoVadis
January 23, 2:10 AM
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As of January 1 2025, Thailand has officially banned the import of plastic waste. Introduced by the Natural Resources and Environment Ministry, the ban was approved by Thailand’s Cabinet on December 3 2024, and published in the Royal Gazette later that month.
The ban includes amendments to Thailand’s Tariff Schedule, which covers the import of waste, pairings, and plastic scraps. As a result, a complete ban of all imports of plastic waste has been enacted from January 2025 onwards.
Thailand has been one of several Southeast Asian nations commonly paid to receive plastic waste imports from Europe, the US, the UK and Japan, with 50,000 tonnes of waste exported from Japan to Thailand in 2023.
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EcoVadis
January 23, 2:07 AM
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The global textile industry operates almost entirely in a linear fashion, consuming 3.25 billion tonnes of materials annually while achieving just 0.3 per cent circularity, according to a comprehensive new analysis from Circle Economy and the H&M Foundation.
Despite increasing sustainability efforts, the industry remains heavily dependent on virgin materials—particularly oil-based synthetics.
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EcoVadis
January 23, 2:04 AM
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Batteries are an indispensable energy source. They are also a key technology in the transition to climate neutrality, and to a more circular economy. Global demand for batteries is increasing rapidly and is set to increase 14 times by 2030. The EU could account for 17% of that demand.
The European Parliament and the Council adopted the new Batteries Regulation on 12 July 2023. This will minimise the environmental impact of this exponential growth in light of new socioeconomic conditions, technological developments, markets, and battery usages.
A key achievement under the European Green Deal, the new law brings forward the circular economy and zero pollution ambitions of the EU and strengthens the EU’s strategic autonomy.
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EcoVadis
January 22, 2:54 AM
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The year 2024 was a significant year for private equity, marked by major legal and regulatory developments that have reshaped the global landscape. Those changes reflect the growth of private equity as an asset class and the institutionalisation of the sector, which are driven by increasing scrutiny, investor protection imperatives, and the need for greater transparency. A few developments during last year stand out as critical for private equity professionals to understand to navigate the shifting terrain effectively.
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EcoVadis
January 22, 2:38 AM
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This article is part of the report Financing Europe’s future means leveraging private equity.
On 21 October, the European Commission announced more than €380 million in grants to 133 new projects across Europe to achieve the EU Green Deal’s broad range of climate, energy and environmental goals, including the EU’s aim to become climate-neutral by 2050 and to halt and reverse biodiversity loss by 2030.
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EcoVadis
December 12, 2024 3:29 AM
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Canadian oil and gas companies will have to be more transparent about their supply chains following the adoption of the Modern Slavery Act earlier this year.
One of the key requirements of the new law requires companies to report annually on their efforts to stop forced labour and child labour along their supply chains. They must also train all employees on the act.
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EcoVadis
December 12, 2024 3:26 AM
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New regulations on human rights are forcing global companies to address concerns about modern slavery and tackle problems in their supply chains.
In Europe, a landmark human rights rule was adopted by the EU in July 2024. The Corporate Sustainability Due Diligence Directive (CSDDD) requires European companies — and some businesses abroad but with significant turnover in the EU — to identify and prevent possible human rights abuses. This applies to product manufacturing supply, raw materials, and other aspects of companies’ supply chains.
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EcoVadis
December 12, 2024 3:25 AM
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L’Oréal Groupe and credit specialist Chenavari Investment Managers launched a debt fund last month to help small- and medium-sized enterprises address scope 3 commitments, according to a Nov. 18 press release. The Solstice fund aims to enable easier supplier access to funding to make progress on decarbonization industrial projects and initiatives, according to the press release. Outside institutional investors can also contribute to the fund.
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EcoVadis
December 12, 2024 3:22 AM
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In today’s interconnected global economy, sustainability within supply chains and logistics has become a necessity rather than an option. Regulatory demands, rising consumer expectations, and global challenges such as climate change and social inequality have made sustainable practices a strategic priority. For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. These pillars provide a comprehensive framework to align operational goals with broader corporate and societal objectives, fostering resilience, innovation, and long-term value.
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EcoVadis
December 12, 2024 3:21 AM
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Those in supply chain should expect to face several key challenges in 2025, while also prioritizing a set of strategies to overcome these hurdles. Businesses will need to adopt a multi-faceted approach to overcome these challenges. Technological innovation, sustainability efforts, workforce transformation, and robust risk management will be key factors in ensuring competitive and efficient supply chains.
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EcoVadis
January 23, 2:21 AM
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The research shows that sustainability reporting has become part of business as usual for almost all of the world’s largest 250 companies, and a large majority of the top 100 companies in each country, territory or jurisdiction. The last two years have seen significant increases in the proportion of companies publishing carbon reduction targets.The proportion of companies reporting on biodiversity remains lower but has similarly increased since 2022.
The survey finds growth in practices that will soon be mandatory in some jurisdictions, including the EU’s Corporate Sustainability Reporting Directive (CSRD). The report includes insights from KPMG member firms and draws on the expertise of KPMG subject matter specialists worldwide.
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EcoVadis
January 23, 2:18 AM
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Canada has officially introduced its first set of sustainability disclosure standards, the Canadian Sustainability Disclosure Standards (CSDSs), which will guide companies in reporting on ESG factors and climate-related risks. Released by the Canadian Sustainability Standards Board (CSSB) on December 18, 2024, these new standards align with the International Sustainability Standards Board (ISSB) guidelines and offer additional transitional reliefs for businesses.
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EcoVadis
January 23, 2:11 AM
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The Department for Environment, Food & Rural Affairs (Defra) has published guidance for businesses preparing for the UK-wide ban on single-use vapes, which comes into force on 1 June 2025.
From this date, it will be illegal for businesses to sell, offer to sell, or possess for sale any single-use vaping devices, regardless of whether they contain nicotine. The ban applies to both online and in-store sales across England, Scotland, Wales, and Northern Ireland.
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EcoVadis
January 23, 2:09 AM
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The UK Government has reversed plans to introduce mandatory takeback schemes for single-use cups, citing high costs and limited environmental benefits. The decision affects businesses that supply drinks in fibre-based composite cups across all four nations.
Analysis showed the scheme would cost £52 million to implement while achieving minimal environmental improvements, according to the Department for Environment, Food and Rural Affairs (Defra).
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EcoVadis
January 23, 2:05 AM
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Samsung Electronics is building on its commitment to do more with less of the planet’s natural resources by continuing to scale the use of recycled materials in Galaxy devices, including cobalt, an essential material for batteries. Last year, the Galaxy S24 series was the first device to incorporate recycled cobalt. Now, Samsung is taking it one step further by sourcing cobalt from the batteries of previously used Galaxy devices and batteries discarded during the manufacturing process. To achieve this, Samsung established a new Circular Battery Supply Chain with like-minded partners, featuring a multi-phase process to recover cobalt from previously used Galaxy batteries, giving them a second life to power the new Galaxy S25.1
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EcoVadis
January 23, 2:03 AM
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Richard Moyes, Marketing, Intelligence & Development Director at Prysmian Group advises how selecting the right optical products can help network operators achieve their all-important sustainability goals.
In today’s environmentally aware society, the industries spared from the scrutiny surrounding eco-friendly practices are few and far between.
The telecoms sector is no exception. In fact, there are arguably even more eyes on sustainable connectivity, particularly given the rate at which networks are expanding throughout the world. According to the most recent FTTH/B Global ranking, undertaken by the FTTH Councils Global Alliance, 22 countries have now achieved FTTH/B penetration rates higher than 50% and with many gigabit connectivity targets just around the corner, this number will only increase.
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EcoVadis
January 22, 2:42 AM
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- Private equity (PE) is uniquely well-positioned to take a leading role in sustainable investing.
Regulatory pressures, LP demands, and the financial value of sustainability performance are increasingly pushing PE firms to improve their sustainable practices. Firms should start with a baseline understanding of their own material topics, and articulate the impact they intend to make, supported by investment beliefs of how this can be done in a financially robust way. Firms can work to mature their investment processes, for example by incorporating both positive and negative screening criteria, improving sustainability risks quantification within the portfolio, and defining processes for active ownership. Delivering on all the above requires firms to secure and manage their data better, engage their people effectively, and ensure transparency to impacted stakeholders, among other key enablers.
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EcoVadis
January 22, 2:36 AM
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Key Impact Points: - Investor Pressure Rises: 85% of limited partners (LPs) expect to increase their focus on sustainability in the next three years, pushing private equity (PE) firms to prioritize ESG goals.
- Slow Progress Toward Net Zero: Only 22% of PE-owned companies have a decarbonization strategy, but those that do are reducing emissions faster than public companies.
- Gender Diversity Advancing: 77% of PE-backed companies now have at least one woman in the C-suite, compared to 64% of public companies.
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December 12, 2024 3:28 AM
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Now a new report concludes around 80% of Brazil’s leading beef and cow leather companies and their financiers have made no commitments to stop deforestation.
The study, released Wednesday by the environmental nonprofit group Global Canopy, highlights the country´s most influential beef and leather producers and processors along with financial institutions that have supported them with $100 billion. This amount is one-third of the annual funding that wealthy nations pledged to provide for climate finance in developing countries during COP29 last month in Baku, Azerbaijan
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EcoVadis
December 12, 2024 3:25 AM
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Sustainability is no longer a "nice-to-have" in any industry, it is a central pillar for success. As companies face mounting pressure from regulators, investors, and increasingly discerning consumers, the focus on sustainability, especially in procurement, is intensifying. For the food industry, where environmental and social impacts are deeply embedded along the value chain, responsible procurement emerges as a powerful lever to drive environmental, social, and governance (ESG) improvements.
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EcoVadis
December 12, 2024 3:23 AM
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Today’s (10 Dec) entry into force of the revised Regulation on Classification, Labelling and Packaging of Chemicals (CLP) marks a significant milestone in the protection of human health and the environment.
It will also strengthen the internal chemicals market, paving the way for a more competitive and sustainable chemical industry.
The revised CLP Regulation ensures clear chemical labelling, particularly for online sales, and introduces simpler and clearer requirements so that chemicals can move freely across the EU.
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EcoVadis
December 12, 2024 3:21 AM
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ECOM Agroindustrial Corp Ltd., one of the world's leading traders of agricultural commodities, is partnering with supply chain mapping leader Sourcemap for compliance with the EU Deforestation Regulation (EUDR). The EUDR requires an increase in data collection and management throughout commodity supply chains. This includes digital maps of all farms used to supply coffee and cocoa with proof the products were produced without deforestation.
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