To advance its Ambition 2030 sustainability objectives, P&G has opened a new Product Supply Innovation Center (PSIC) in Germany’s Rhine-Main region. The Center will serve as a hub for collaboration with a network of local suppliers, tech companies, R&D institutions and top universities to develop solutions to decarbonize its global ... Read more »
During its June capital markets day, Equinor, one of the largest energy companies in the world, discussed its strategy and targets to become a leader in the energy transition to a low-carbon future – with an emphasis on renewables and low-carbon solutions. Anders Opedal, President and CEO of Equinor, said, ... Read more »
“Many people feel unsure of the environmental language used by companies and governments,” says Daisy Powell-Chandler, a director at Public First. The policy group recently partnered with Brodie, a sustainability consultancy, to survey more than 2,000 consumers and the findings highlight the difficulties consumers have in assessing green moves by ... Read more »
As I alluded to in May, growth in the chief sustainability officer (CSO) role continues to build. This month, with the appointment of Matthew Nelson as the EY Oceania Chief Sustainability Officer, a newly created role, EY became the first of the Big 4 consulting firms to appoint a chief ... Read more »
Legal & General Investment Management (LGIM), with approximately £1.3 trillion in assets under management (AUM), has announced as part of its Climate Impact Pledge report it will divest its holdings in Industrial and Commercial Bank of China, AIG, PPL Corporation and China Mengniu Dairy for unsatisfactory responses to engagement, or ... Read more »
Chief Industries, Inc. and Catahoula Resources have entered into an agreement to jointly develop carbon capture and permanent sequestration (CCS) within Nebraska.
With climate impacts – heat arguably being the number one – worsening as I wrote earlier this week, public and private enterprises are realizing the need to step up their governance efforts. Earlier this year Miami-Dade County appointed Jane Gilbert as its first Chief Heat Officer, and other cities around ... Read more »
Ford Motor Company is working on a supply-chain initiative focused on finding drop-in applications for carbon-negative PET plastic produced from sustainable wood residues. PET plastic helps make cars lighter and more fuel efficient, and often comprise a large percentage of a vehicle’s mass.
Executives in the oil and gas industry could stand to lose their jobs if they ignore climate change or don’t drive their companies to move quickly enough, according to a new report. Oil and gas companies could even be held legally responsible for their role in climate change.
Sustainable packaging company DS Smith announced today a series of ambitious climate targets, including a science-based target to achieve a 40% reduction of CO2 emissions per ton of product by 2030, compared to 2019 levels, and a commitment to reach net-zero emissions by 2050.
In a U.S. first, the state of Maine has passed legislation – bill LD99 – directing the $17 billion Maine Public Employee Retirement System (PERS) to divest $1.3 billion from fossil fuels within 5 years and directs the Treasury to do the same with other state funds. The move makes ... Read more »
The Asia Investor Group on Climate Change (AIGCC), backed by 13 institutional investors responsible for $8.8 trillion in assets under management (AUM), has launched to engage with key Asian electric utilities on cutting emissions, strengthening disclosures and improving governance of climate-related risks. The new program complements the current engagement efforts ... Read more »