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How does a business grow and expand, but function in a way that doesn’t overexploit the Earth? A new enterprise is offering an answer to this question. Last week, the Science Based Target Network (SBTN), an offshoot of a global partnership called the Global Commons Alliance (GCA), launched a pro ...
Those of you whose memories still stretch all the way back to the beforetime — January and February — may recall that 2020 was to be a "super year" for biodiversity. Plans called for several global events focusing on the role of nature in mitigating the climate crisis, protecting us against the ...
Diageo, manufacturers of Johnnie Walker, Smirnoff and Guinness, has announced a range of 25 bold and ambitious goals in its ‘Society 2030: Spirit of Progress’ plan, aimed at making a positive impact on the world by 2030, in the ‘Decade of Action’ to achieve the United Nations Sustainable Develop ...
Businesses worldwide have a critical role to play in addressing the inherent, existential risks of biodiversity loss. Yet, less than one-quarter (23 percent) of companies worldwide at risk from the loss of biodiversity are currently disclosing that risk in their corporate reporting, according to ...
This week, in advance of World Soil Day — Dec. 5 — the Textile Exchange Corporate Fiber and Materials Benchmark (CFMB) Program is launching a new tool to help the fashion and textile industry take urgent action on biodiversity.
The multinational food and beverage giant has today (3 December) published a net-zero roadmap detailing the scope of the new targets and its plans for meeting them. The targets have been approved in line with 1.5C by the Science-Based Targets Initiative (SBTi).
Last year, Mary Kay Inc., an international leader in corporate and social responsibility, announced the company had partnered with The Nature Conservancy to protect Texas fisheries and the Gulf of Mexico. Mary Kay is proud to announce they’ve expanded that partnership with The Nature Conservancy ...
AXA Group’s chief risk and investment officer, Alban de Mailly Nesle is required to ponder myriad dangers to the Paris-based insurer and its 830 billion-euro ($995 billion) asset management arm. He says one of the greatest and most under-appreciated threats to human health, economic vitality and ...
High-quality alternatives to animal hides from sustainable production technologies and materials are making headway.San Francisco-based startup MycoWorks announced a $45 million Series B financing in November to scale up its production of its biomaterial called Reishi, a sustainable leather alte ...
You’ve heard it called the "nature crisis," an "ecological collapse" or the "sixth mass extinction." Regardless of the label, there is no doubt that the accelerating decline of biological diversity will have dangerous repercussions for ecological resilience and human health and security.
The European Business & Nature Summit has taken place virtually. Organised by the EU Business@Biodiversity Platform of the European Commission and other partners, and with the participation of Commissioners Sinkevičius and McGuiness, the Summit aims to strengthen the growing movement of companie ...
Just last month, Jeff Bezos, the CEO and founder of Amazon, announced that he would be donating $791m to 16 environmental organisations to help combat the effects of climate change. The impressive donation is coming from a $10bn fund set up in February to address this critical issue. Amazon also ...
A tumultuous year in retail saw both gains and losses for sustainability, but analysts say progress is lacking in key areas like climate change.
Five years ago, many investors and executives would have politely told Jill Atkins to buzz off. Now they listen keenly when the British academic presents her work, known as “extinction accounting”, which shows how companies are contributing to the demise of honeybees, as well as other species – ...
Julie Gorte is senior vice president for sustainable investing at Impax Asset Management LLC and Pax World Funds. She oversees environmental, social and governance-related research on prospective and current investments as well as the firm’s shareholder engagement and public policy advocacy.
The beauty industry has made collective and individual efforts to become more sustainable in 2020, and one area that has received significant attention sits is biodiversity. Simply put, biodiversity is the variety of flora and fauna in a particular ecosystem. But in practice, biodiversity is the ...
Fortum, a European energy firm with activities in over 40 countries, has introduced new biodiversity targets for the entire group, including Uniper. Fortum is committed to several climate and environmental targets, including at least 12 major voluntary measures that enhance biodiversity, to be i ...
What are the 10 most important stories about the intersection of business and society in 2020? Covid-related issues top the list and include both ways companies innovated and the roadblocks that resulted in less progress on sustainable development. Other top stories are fossil fuels continuing o ...
The Prince of Wales today called on business leaders across the world to invest in green issues and sustainability as he launched a £7.3billion recovery plan to right a string of 'broken promises' over the environment.
Banks have faced increasing criticism in recent years over their ongoing financial support for environmentally destructive industries, but by tweaking their practices they could become part a critical part of the solution to escalating deforestation and habitat destruction worldwide.
Luxury fashion brand Gucci has unveiled a new ‘nature-positive’ strategy which it says will target improvements to carbon emissions, climate and biodiversity.
If 2020 taught us anything, it was that plans can be derailed in an instant, priorities change overnight and what we consider to be pressing challenges one day can become low-priority issues the next. In 2020 all sectors — business, government and NGO — saw their best laid plans unravel or becom ...
Coca-Cola Co. is introducing 100% recycled plastic bottles in the U.S.—a major shift in its sustainability strategy.The company responsible for more plastic pollution than any other, according to the Break Free From Plastic Campaign, once advocated for plant-based bottles that don’t use fossil-f ...
I know, it’s not the most popular of subjects. But on the heels of last week’s GreenBiz 21 conference, the annual gathering of corporate sustainability professionals, I can’t help but address the elephant in the room. (Or as the World Resources Institute appropriately dubbed it, the latest eleph ...
The Rocher Group has been committed to protecting the natural environment and working sustainably for over 50 years. What was the starting point?
Last summer, the investment arm of northern Europe’s largest financial services group dropped Brazilian meat giant JBS from its portfolio. Nordea Asset Management, which manages roughly $280 billion, gave several reasons for the decision, including JBS’s links to farms involved in Amazon defores ...
L’Occitane En Provence has announced it has reached and exceeded one of its primary biodiversity goals four years earlier than originally planned.
Global condemnation is growing at the increasingly widespread use of harmful “fish aggregating devices” (FADs) in the fishing industry, as retailers including Sainsbury’s, Marks & Spencer and the German chain Edeka joined calls for restrictions.
The Fashion Pact has announced the launch of a series of initiatives geared at curbing the sector's impact on biodiversity loss after securing a $2m grant from the Global Environmental Facility.
You can’t have a conversation about fashion these days without touching on the topic of sustainability. The industry’s environmental impacts — from greenhouse gas emissions to microplastics, biodiversity loss and water ecotoxicity — are well-known by consumers and companies alike. But awareness ...
In recent months, the importance of biodiversity in combatting the climate crisis has reached a new level understanding, with policymakers and academics peering into this complex topic to try and outline how the private sector can champion it. Here, edie hears from the businesses that have alrea ...
Swedish fashion giant H&M is extending its partnership with the World Wide Fund for Nature (WWF) for another five years. H&M linked up with WWF to address the environmental impacts of its whole value chain, as well as to champion wider action across the global fashion business, a decade ago.
On March 30, four global companies announced they wouldn't use materials sourced from deep-sea mining in their products and supply chains or fund research into the practice.
US outdoor wear company Timberland has set a target to have a net-positive impact on nature, with regenerative agriculture and circular design playing key roles in this strategy. The company aims to have 100% of its materials sourced from regenerative agriculture and 100% of its products designe ...
Even before the COVID-19 pandemic went global just over a year ago, there had been a notable shift in messaging from some of the world’s largest companies around their responsibility beyond profit maximization. A growing number of firms were making commitments to reduce emissions, diversify thei ...
Through its Perpetual Planet initiative, Rolex is lending its support to the effort to preserve ocean ecosystems for posterity.
Nature-based solutions to climate change are having a moment, and Apple is riding the trend with a $200 million fund dedicated to related investments.
The adverse effect that human activity is having on the planet is becoming more apparent each day. Ecological damage is one of the most pressing issues that world leaders and companies seek to address at the moment. Finding sustainable solutions for marine and coastal infrastructure is one issue ...
It comes after Prime Minister Yoshihide Suga announced last week that Japan would target a 46-percent cut in greenhouse gas emissions by 2030, significantly more than previously pledged.
BMO Financial Group (TSX: BMO) (NYSE: BMO) has been appointed Chair of the Cross-Sector Biodiversity Initiative (CSBI). The CSBI is a partnership of the International Petroleum Industry Environmental Conservation Association (IPIECA), the International Council of Mining and Metals (ICMM), the Eq ...
Biodiversity should be considered at the earliest stages of planning new home developments to encourage wildlife and help reverse habitat decline, according to a new report from the NHBC Foundation, with the support of the RSPB and Barratt Developments.
Leading cat food brand SHEBA® has begun work on the world's largest coral restoration program, which aims to restore more than 185,000 square meters of coral reefs around the world by 2029
Robot jellyfish, and staying in your pajamas – how are these things helping to save the world? We explore how technology is tackling some of the planet’s biggest environmental concerns. Some of these initiatives help humans, some help trees, some help the sea – but all help planet earth!
With decennial arctic ice drops of 13.1 percent and rising temperatures, per NASA figures, more countries and businesses have deemed it imperative to stop or slow down climate change. While adopting ecologically mindful practices would require spending from the private sector,
Chanel is collaborating with the University of Cambridge Institute for Sustainability Leadership (CISL) to focus on sustainability solutions and leadership. The three-year partnership will initially work on building an education and sustainability leadership programme, innovative operational pro ...
Alcoa Corporation (NYSE: AA) has released its 2020 Sustainability Report, which provides a comprehensive overview of the Company’s progress against key environmental, social and governance (ESG) objectives.
There’s a fresh nature-based carbon project in town, and she’s getting attention from corporations with ambitious net-zero goals. Her name? Mangroves, a type of tree species and coastal forest ecosystem native to the tropics and subtropics.
Just a couple of decades ago, the notion of a major company investing in nature might have seemed absurd – today it is mission critical to the future of the economy
Regenerative agriculture was once a backwater of experimental farming strategies. Now Timberland, and its parent company VF Corporation, have pushed it into the limelight by announcing the first regenerative rubber supply system in the apparel industry.
It was bad enough in 2019 when tens of thousands of football supporters from the United Kingdom traipsed across Europe to watch two English clubs, Tottenham and Liverpool, play the Champions League final at Atlético Madrid’s stadium in Spain. More easily, cheaply and comfortably they could have ...