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IN THIS ISSUE: September 30, 2019
  • Notable: 3M, Bank of America, BASF/BMW Group/Samsung SDI/Samsung Electronics, BASF, California Institute of Technology/The Wonderful Company, Danone/Nestlé/NRG Energy, eBay, Google/Mastercard/Microsoft/Unilever, Google/Nestlé/Unilever, Hanesbrands, Honda, HP Inc., JetBlue, Kering, Mars, Microsoft, NRG Energy, Oil and Gas Climate Initiative, 2019 DJSI update, Schneider Electric, Trane/Thermo King, UN and 130 banks launch Principles for Responsible Banking, Walt Disney Company
  • New Sustainability Reports: PepsiCo
  • Government and Legal: 23 states file lawsuit against Trump administration, Germany's $60 billion climate package, Scotland adopts net-zero goal, Germany joins Powering Past Coal Alliance
  • New Tools: Circular Carbon Network Company Index and Deal Hub
  • New Research: IPCC's Special Report on the Ocean and Cryosphere, insight from 1,000 CEOs on the SGDs, circular economy and climate change, how nature-based action on corporate land contributes to the SDGs, blockchain's future in transactive energy

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October 1, 12:00-1:00pm EST

Join us for a special briefing to learn how companies are leveraging the latest innovations in high voltage direct current technology to build the next wave of transmission infrastructure and modernize the grid in North America. The presentation will feature Orestes Macchione, HVDC Business Development Manager at Siemens Energy and Brian Lammers, Executive Vice President of Business Development at Direct Connect Development Company. This initiative will be introduced to CEF members by Raj Rajan, former corporate sustainability technical lead at a CEF member company (2008-18), who is currently working with this team on the SOO Green HVDC Link, a renewable energy delivery project.

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NOTABLE 

3M has partnered with NGO Clean Air Asia to develop science-based solutions that improve air quality conditions for New Delhi, India, and Metro Manila, Philippines.
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Bank of America provided a $1 million grant to The Nature Conservancy to support research aimed at identifying how “reef insurance” — a market-driven, nature-based solution that protects coral reefs and increases coastal resilience to hurricanes and other threats — could be expanded to Florida and Hawaii.
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BASF partnered with BMW Group, Samsung SDI and Samsung Electronics to launch “Cobalt for Development,” a cross-industrial pilot project aimed at improving working conditions at an artisanal cobalt mine site in the Democratic Republic of Congo.
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BASF committed to reducing the GHG emissions of its company catering services at the Ludwigshafen site by 25% by 2030, as part of the WRI-led “Cold Food Pledge.”
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The California Institute of Technology has received a $750 million pledge from Stewart and Lynda Resnick—the family that owns The Wonderful Company. The pledge aims to create a permanent endowment that enhances and scales research on environmental sustainability topics such as water, energy, food, and waste.
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A group of 87 companies — including Danone, Nestlé, and NRG Energy — have committed to set science-based climate targets in line withlimiting global temperature rise to 1.5°C above pre-industrial levels and reaching net-zero emissions by no later than 2050.” The commitments were made in response to a call-to-action issued by a group of business, civil society, and UN leaders.
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eBay announced that its global headquarters in San Jose is now powered by 100% renewable energy.
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A coalition of 17 companies — including Google, Mastercard, Microsoft, and Unilever — have joined forces to amplify the important role of business action in achieving the Sustainable Development Goals by 2030.
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A group of 19 companies — including Google, Nestlé, and Unilever — have launched “One Planet for Biodiversity,” a WBCSD-led initiative aimed at accelerating action on biodiversity within supply chains and product portfolios. The initiative has three main areas of focus: Scaling up regenerative agriculture practices to protect soil health, developing product portfolios to boost cultivated biodiversity and increase the resilience of the food and agriculture models, and eliminating deforestation.
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Hanesbrands will feature the How2Recycle label on some of its products to help keep its recoverable packaging out of landfills.
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Honda has signed long-term virtual power purchase agreements to source 320 MW of wind and solar energy from projects in Oklahoma and Texas. The deals will cover more than 60% of the company’s electricity use in North America.
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HP Inc. has committed $11 million to help restore, protect, and conserve 200,000 acres of forest across Brazil and China, in partnership with the World Wildlife Fund (WWF). The company also committed to support WWF’s efforts in developing science-based targets for forests, estimating carbon and nature co-benefits of forest restoration, and improved forest management.
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HP Inc. announced that its new “Elite Dragonfly” is the first notebook computer to incorporate the use of ocean-bound plastics in at least one of its components.
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JetBlue is transitioning to a fully-electric fleet of baggage tractors and belt loaders at New York’s JFK International Airport. The new fleet — which will be the largest of its kind at JFK International Airport — could reduce GHG emissions by 4 million pounds annually and reduce ground fuel costs by more than $500,000.
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Luxury fashion group Kering has committed to becoming carbon neutral in its own operations and across the entire supply chain.
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Mars announced an ambition to further cut emissions from its operations in line with limiting global temperature rise to 1.5°C above pre-industrial levels.
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Microsoft has signed a power purchase agreement with Engie to source 230 MW of solar and wind energy from two projects in Texas.
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NRG Energy has accelerated its science-based GHG emissions reduction goals to align with limiting global temperature rise to 1.5°C above pre-industrial levels. The company’s accelerated targets include plans to achieve its 50% reduction target by 2025 (five years ahead of schedule) and achieve net-zero emissions by 2050, surpassing its original goal of a 90% reduction.
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The Oil and Gas Climate Initiative — a CEO-led initiative supported by 13 oil and gas companies — presented a plan to double the amount of CO2 that is currently stored globally by 2030. Oil and Gas Climate Initiative members include BP, Chevron, ExxonMobil, Shell, and more.
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S&P Dow Jones Indices and RobecoSAM updated their family of Dow Jones Sustainability Indices for 2019, which tracks leading sustainability-driven companies worldwide based on an analysis of financially material environmental, social, and governance factors.
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Schneider Electric has accelerated plans to demonstrate carbon neutrality in its extended ecosystem by 2025, bringing forward its objective by 5 years. The company also plans to achieve net-zero operational emissions by 2030, and engage with suppliers towards a net-zero supply chain by 2050.
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Ingersoll Rand brands Trane and Thermo King have joined the Alliance to Save Energy 3% Club, RE100, and EP100. The brands pledge to improve operational energy efficiency by 3% annually (Alliance to Save Energy 3% Club), set a 100% renewable electricity target for its global operations by 2040 (RE100), and double its energy productivity by 2035 (EP100).  
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A coalition of 130 banks — representing $47 trillion in assets — and the United Nations launched the “Principles for Responsible Banking,” which commits signatories to align their business with the Paris Agreement and the Sustainable Development Goals.
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The Walt Disney Company will add more than 400 vegan food options to dining locations in their U.S.-based theme parks by 2020.
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NEW SUSTAINABILITY REPORTS 

PepsiCo 2018 Sustainability Report
  • Sustainably sourced 51% of its direct farmer-sourced agricultural raw materials in 2018.
  • Helped provide safe water access to over 6 million people in 2018, boosting the total number to 22 million people since 2006.
  • Cut Scope 1 & 2 GHG emissions by 6.4% since 2015.
  • Cut Scope 3 GHG emissions by approximately 2.2 million metric tons since 2015.
  • Set two 2025 targets to reduce 35% of virgin plastic content across its beverage brands, and use 25% recycled plastic in its packaging.
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NEW TOOLS 

Circular Carbon Network Company Index and Deal Hub (NRG COSIA Carbon XPRIZE) is a database of more than 250 companies working to transform excess CO2 into a range of products and materials that benefit society.
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NEW RESEARCH 

Special Report on the Ocean and Cryosphere in a Changing Climate” (Intergovernmental Panel on Climate Change) examines current and future impacts of global warming on the ocean and cryosphere, the risks and opportunities these changes bring to ecosystems and people, and options for reducing future risks. Select key findings included the following:
  • The global ocean has warmed unabated since 1970 and has taken up more than 90% of the excess heat in the climate system.
  • Marine heatwaves have very likely doubled in frequency since 1982 and are increasing in intensity.
  • The Greenland and Antarctic Ice Sheets are projected to lose mass at an increasing rate throughout the 21st century and beyond. Strong reductions in greenhouse gas emissions in the coming decades are projected to reduce further changes after 2050.
  • Over the 21st century, the ocean is projected to transition to unprecedented conditions with increased temperatures, greater upper ocean stratification, further acidification, oxygen decline, and altered net primary production.
  • Sea level continues to rise at an increasing rate. Extreme sea level events that are historically rare (once per century in the recent past) are projected to occur frequently (at least once per year) at many locations by 2050.
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The Decade to Deliver: A Call to Business Action” (United Nations Global Compact and Accenture) provides an update on the state of business contribution to the Sustainable Development Goals, based on insight from 1,000 CEOs across 21 industries and 99 countries. Key findings included the following:
  • 71% of CEOs believe that — with increased commitment and action — business can play a critical role in contributing to the Global Goals.
  • However, only 21% feel business is currently playing a critical role in contributing to the Global Goals.
  • 78% of CEOs from both Asian and North American businesses believe we need to decouple economic growth from the use of natural resources and environmental degradation.
  • 63% say political uncertainty across markets is the most critical global issue for their companies’ competitive strategies, and 42% say it is reducing or stalling their sustainability efforts.
  • 43% of the world’s largest companies cite competing strategic priorities as a top barrier in implementing sustainability.
  • Only 48% are implementing sustainability into their operations
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Completing the Picture: How the Circular Economy Tackles Climate Change” (Ellen MacArthur Foundation) finds that switching to renewable energy would only cut GHG emissions by 55%. The report demonstrates how applying circular economy strategies in five key areas — cement, aluminum, steel, plastics, and food — could eliminate the remaining 45% of emissions that are not addressed through adoption of renewable energy.
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The Conservation Connection” (Wildlife Habitat Council) demonstrates how nature-based action on corporate land supports the Sustainable Development Goals. The report features case studies from ArcelorMittal, CEMEX, General Motors, and more.
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Assessing Blockchain’s Future in Transactive Energy” (Atlantic Council) finds that costs currently outweigh the benefits offered by blockchain as a platform for transactive energy. The six costs limiting blockchain as a platform for transactive energy include scalability, efficiency, certainty, reversibility, privacy, and governance.
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The CEF Weekly Briefing is published by the Corporate Eco Forum, a network of leading Global 500 executives driving sustainability strategy and innovation worldwide.

Inquiries: devon@corporateecoforum.com

Executive Editor: P.J. Simmons
Editor-in-Chief: Devon Edwards



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