Best Buy’s new Science-Based Target helps customers reduce energy use in their homes

In a world where big-box retailers are falling to online giants, Best Buy has managed to thrive.

Earlier this week, Best Buy announced a Science-Based Target (SBT) to help consumers reduce their carbon emissions by 20 percent and save $5 billion on utility costs. In its own operations, Best Buy will reduce carbon emissions by 75 percent.

To date, 567 companies have set or committed to set SBTs. But what makes Best Buy’s story unique is its strategy to make customers part of the equation: Reduce the company’s total carbon footprint by selling more energy efficient products to customers.

Here’s how this goal was set

Read more

Can the circular economy end the era of “Throwaway Living”?

In 1955, LIFE magazine ran an ad promoting “Throwaway Living,” encouraging the use of disposable items as a way to help cut down on household chores.

We used to depend on plastic, and now, our planet is being suffocated by it. Environmental impacts are showing the need for a more circular economy, and businesses are responding by offering innovation solutions, such as new products, packaging and business models, to address resource scarcity and climate risk – not to mention unlock a $4.5 trillion economic opportunity.

I recently caught up with Brendan Edgerton, the Director of Circular Economy at the World Business Council for Sustainable Development (WBCSD), and EDF Climate Corps alum, about the progress being made toward circular models of design and production – and his love of Swiss chocolate.

Circularity refers to shifting from current linear methods of production and consumption, where products are designed without consideration for what happens after use, to adopting circular models that keep products, components and materials within the economy.

Read more

The vanguard of corporate climate action has arrived — and the Trump administration can’t stop it

After a decade-long dry spell, Corporate America’s call for climate action is back.

Despite the Trump Administration’s continued denial, leading companies are finally giving climate change the attention it deserves and urging Congress to do the same.

Years from now, we’ll look back at May 2019 as a breakthrough moment, when business engagement in climate policy gathered strength and became an unstoppable movement.  This month alone, companies across sectors including oil and gas, electric power, consumer goods and food have joined the CEO Climate Dialogue, invested in the Americans for Carbon Dividends initiative, and advocated on the Hill to put a price on carbon.

As Axios’ Amy Harder notes, “Several years-long trends are driving corporations to ask for government policy — but it’s not really about saving the planet. It’s about investor and legal pressure, falling prices for renewable energy, new bounties of cleaner-burning natural gas and growing public concern about a warming planet’s impacts.”

Whatever the reasons companies are stepping up to the plate on climate policy advocacy, pressure from investors is one trend that is here to stay.

Read more

Dear Companies: Your Future Customers And Employees Want Climate Action

More than 1.4 million young people around the world took part in school strikes for climate action this spring.

My 12-year-old daughter Anna has become quite the environmentalist lately. She’s even started turning out the lights while you’re in the room to save on energy! Yes, this can be annoying. But I admire her passion and enjoy watching her become more invested in our planet.

Anna and the 1.4 million kids skipping class to protest climate change this spring give me hope. I got goosebumps when I heard the charismatic 16-year-old Swedish climate activist Greta Thunberg, whose actions started this movement, speak. She summed it up perfectly when she said: “We can’t save the world by playing by the rules because the rules have changed.”

These kids are on the front line. It’s their futures at stake. They’re scared, they’re angry and they’re energized.

And they should be on businesses’ radar.

Read more

Good news and new tools to help companies fight against global deforestation

Frances Seymour, a distinguished senior fellow at WRI & Fernando Sampaio, executive director of PCI at TFA2020’s annual meeting. Photo credit: TFA2020

Every day, we see another article about forests disappearing in the Amazon. This coverage shines light on a significant global problem that is only intensifying. With all the bad news, I was especially energized to attend the Tropical Forest Alliance 2020 (TFA 2020) Annual Meeting last week, where around 200 passionate people gathered to promote a forest positive future.

Read more

13 major companies call on Congress to accelerate climate legislation. Here’s why.

Corporate America is setting – and meeting – increasingly ambitious climate and clean energy goals. But the hard reality is that individual corporate action, no matter how big, won’t solve this great climate crisis.

In order to avoid the worst impacts of climate change, we need public policies that harness the power of the whole economy to drive down emissions by putting prices and limits on climate pollution.

Businesses that are sincerely interested in protecting our health, economy and future from the ravages of climate change must join this national public policy discussion. We need companies to lead, not follow, Congress.

That’s why it’s big news that 13 major companies have now joined four nonprofit organizations, including Environmental Defense Fund, to form the core of a new effort to push for climate policy. The CEO Climate Dialogue initiative involves major food brands, powerful utilities, and one of the nation’s leading car companies. Our goal is to turn the power of the marketplace towards addressing this crisis. Read more

Their vote and their jobs: Millennials’ new tools for climate advocacy

A new poll by CNN shows that climate change now ranks as the very top issue among Democratic voters – beating out historically popular issues like healthcare.

Engaging in climate advocacy is growing globally. And what I find to be especially interesting is the innovative approaches that people are taking to make their voices heard.

Climate change’s time could be now, and people are seizing the opportunity. People like Summer Sandoval.

Read more

Activist CEOs: A new reality for corporate America

The days when business leaders could dodge social or political issues are coming to an end. CEO engagement on issues such as health care, sexual harassment, gun control and immigration have been steadily on the rise.

In a U.S. House committee meeting just last week, lawmakers “grilled [bank] executives more on social issues than business fundamentals,” according to Reuters, and probed them about fossil fuel investments. 

And as a recent Axios Trends piece suggests, pressure on CEOs to address social issues is increasing ahead of the 2020 political campaigns. In particular, demands that they act on climate change are heating up.

Read more

Walmart, Target and McDonald’s Catalyze Sustainability. Join them.

Source: Walmart Sustainability Hub

By: Elizabeth Sturcken, Managing Director, EDF+Business Supply Chain, Environmental Defense Fund and Sheila Bonini, Senior Vice President, Private Sector Engagement, WWF – ‎World Wildlife Fund

Imagine, for a moment, what it would mean if the world’s biggest brands couldn’t access the key ingredients for their products. What if Starbucks had trouble sourcing coffee? What if Coca-Cola couldn’t access water? As the predicted effects of a changing climate such as droughts and rising temperatures become a reality, these “what if” questions raise serious concerns for global supply chains.

Such issues were foundational for last week’s Walmart Milestone sustainability summit at the company’s headquarters in Bentonville, Arkansas. Our two NGOs work with Walmart as it pushes to fulfill its ambitious climate commitments.

One of those is Project Gigaton, which in its two-year lifespan has avoided 93 million metric tons of emissions toward the one billion ton goal. It may be the company’s most ambitious sustainability initiative, and we — along with dozens of other advocacy groups — have taken a keen interest in this initiative.

Read more

Top 3 corporate sustainability trends all business leaders should be watching in 2019

Credit: Wendy Palmer

Last year, I identified the top corporate sustainability trends of 2018. Six months later, I revisited those trends and shared company-specific examples that pointed to their growing traction.

I decided to repeat this process again for this year. But, before I share the top trends for 2019, let me first explain how they are identified.

The growing and changing field of corporate sustainability

I work with hundreds of companies each year to help them determine sustainability projects that make the most sense for their unique business and goals. Through one-on-one conversations with companies participating in EDF Climate Corps, which hit a record high for the second consecutive year, I get a close up look at how businesses across industries – from big tech companies like Google and Amazon, to food and beverage giants like McDonald’s and Danone Waters North America – plan to reduce their environmental impact.

Here are the top trends in corporate sustainability for 2019 that I’ve identified by analyzing the data from this year’s EDF Climate Corps host applications:

  1. Mobility projects will gain popularity as a strategy to reduce emissions. Transportation is the leading cause of U.S. emissions. So it’s understandable why mobility-focused projects are everywhere right now – from transitioning corporate fleets into EVs to reducing the use of single-occupancy vehicles thanks to ridesharing and micro-mobility alternatives, like e-scooters. Companies are looking to mobility-related projects as a solution to reduce their operational, supply chain, and transportation-related greenhouse gas emissions. In fact, planned IPOs from Lyft and Uber have made headlines recently with some believing that this could lead to more aggressive actions on carbon emission reductions from ride-hailing apps, due to shareholder pressure.

What the data shows: This year, 15% of EDF Climate Corps projects are related to mobility issues, two times as many as last year.

  1. Longstanding sustainability champions will be joined by the majority. We’re in an exciting transition period: Sustainability is no longer being championed by only the early adopters, but rather the majority. Companies, from well-established corporations to growing medium-sized enterprises, are formally establishing sustainability programs and climate strategies for the very first time. For example, in Barron’s second annual ranking of the 100 Most Sustainable U.S. Companies, one-third of the companies were ranked for the first time this year.

What the data shows: This year, one out of six new EDF Climate Corps hosts are establishing their first-ever official sustainability program.

Project Manager, EDF Climate Corps

  1. Science-Based Targets will see greater diversity from industries. Last year, I identified the rapid growth of companies setting Science-Based Targets (SBTs) as a trend. Since then, the number of companies that have publically committed or already set a SBT – including Hershey and Iron Mountain – has more than doubled. There are a number of public, voluntary commitments to initiatives around GHG emissions (We Are Still In, RE100), but the SBT Initiative has become an industry best practice. In the year ahead, we will see more industry diversity in SBT commitments, and more collaboration between companies to tailor and adapt methodologies to their specific industry.

What the data shows: Companies participating in this year’s EDF Climate Corps program with a focus on Science-Based Target projects have tripled compared to last year’s cohort.

Congratulations to all of the companies that are redefining what it means to be a corporate sustainability leader this year.

Stay tuned for an update on these trends this fall using real-world projects from this summer.

* Infographic: see what this year’s EDF Climate Corps hosts are tackling  


Connect with Daniel on LinkedIn

Follow EDF+Business on Twitter


Stay on top of the latest facts, information and resources aimed at the intersection of business and the environment. Sign up for the EDF+Business blog.

Your Name

Your Email