Amidst rising deforestation rates, many companies have committed to eliminating deforestation from key commodity supply chains. As of June 2018, 473 companies globally committed to curbing deforestation in supply chains linked to palm oil, soy, timber and pulp, and cattle.
Many of these companies have set 2020 goals, and are doubling down efforts to meet these goals as the deadline fast approaches. Companies now find themselves in a position in which they know where they want to go, but do not always know how to get there.
Identifying deforestation risks in supply chains by using monitoring and traceability tools is one key step to achieving corporate goals related to fighting deforestation. Being able to monitor full supply chains, from the production of raw materials to retail or consumption, will enable companies to locate and address deforestation risks. Read more
While Tom Brady was chasing his 6th Super Bowl Victory, something big happened during the game. Budweiser aired an ad celebrating the link between business and sustainability – a message that reached at least an average of 100 million viewers.
The 45 second video combined Budweiser’s brand icons, Dalmatians and Clydesdales, with Bob Dylan’s “Blowin’ in the Wind”, to tout the company’s renewable energy commitments, particularly around wind generation.
For someone who tries to follow sports, but remains “passive” as my husband would put it, this ad won my attention for the night. It was a mixing pot of nature, technology and business that shared a singular, important message – companies are proudly investing in our planet’s future.
The truth is, this ad shared only part of the work Anheuser-Busch InBev, Budweiser’s parent company, is doing to make its global operations more sustainable. I know this because I recently chatted with Jess Newman, Director of U.S. Agronomy at Anheuser-Busch – one of many employees working to meet the company’s sustainability goals.
Having lived and traveled in Southeast Asia for a number of years, I have seen and experienced the negative impacts of plastic pollution firsthand. I can’t count the number of times I’ve visited some of the world’s most breathtaking remote locations and couldn’t stop staring at the plastic everywhere.
Last week, I finally felt that we turned a corner on plastics. At the World Economic Forum several of the largest consumer goods companies announced Loop, a pilot system to test reusable packaging for everyday products like mouthwash, deodorant, household cleaners and certain food products.
Photo credit: Wendy Palmer
One of the world’s top chocolate companies shared new plans for reducing its impact on the planet – including committing to set Science-Based Targets. But what sets Hershey apart from its peers is not this commitment. It’s the journey behind how it got here.
Leading up to today’s announcement, a lot happened behind the scenes – data was collected, numbers were crunched and methodologies chosen. It required time, human capital and expertise.
But Hershey didn’t do it alone. The company hired a graduate student to help with the heavy-lifting that comes before a target can be set.
A lot happened in 2018. The U.S. made some notable progress with the first Muslim and Native American women elected to Congress, and and SpaceX launched the world’s most powerful rocket. (I also became a first-time dad! And remember Yanny vs. Laurel?). And we experienced some major lows, with hundreds of innocent lives lost to multiple mass shootings and families torn apart due to the current administration’s troubling immigration policies. Now, with 2018 coming to a close, attention is being redirected to the year ahead.
But before I begin anticipating what’s to come in 2019, I want to step back and celebrate a few big corporate sustainability accomplishments from 2018 that I’m particularly encouraged by.
Nicole Vadori remembers being in grade school and watching the news about a fire at a tire warehouse with big plumes of black smoke that would inevitably cause environmental damage and thinking at that moment, “how can adults let this happen?”
Today Nicole is associate vice president and head of environment at TD Bank Group, where she spends her days finding ways to help reduce the bank’s carbon footprint, mitigating climate risk in its investment activities, and helping to drive business initiatives that can create positive environmental and social impacts.
I recently caught up with Nicole to talk about what TD is doing to help support the transition to a low-carbon economy, how the company analyzes climate risk, and to hear about her favorite Toronto restaurants.
Here’s an edited transcript of our conversation.
Taken on Nov. 19, 2018 from my San Francisco apartment rooftop
I have helped Walmart, Starbucks and other companies get started with sustainability. I can help you too, using all the lessons I’ve learned from them.
I don’t want to sound like just another environmentalist waving my hands, jumping up and down that we need to act to reverse climate change NOW. The truth is simply this: I know it can be done, sustainability targets create business value and companies stand to lose big financially if they don’t act.
Business leaders can no longer afford to look the other way on climate change. The recent National Climate Assessment revealed that regional economies and industries dependent on natural resources are increasingly vulnerable to the impacts of climate change – as are energy systems. Warmer climates will increasingly disrupt international trade, prices, and supply chains, and costs could reach hundreds of billion dollars per year by the end of the century. Climate change doesn’t just threaten ecological balance, it threatens corporate balance sheets.
In light of these findings I’m encouraged by a recent survey of corporate leaders, 82 percent of whom said companies need to advocate for or take a stand on environmental, social and governance issues and that “climate and environment” was one of the three highest priorities for their organizations.
Knowing that a company should take action, however, is a long way from actually taking action on climate. While there are a growing number of cases where leading companies and major investors are ahead of the federal government on climate action, it’s simply not enough, and many more U.S. businesses need to step up.
The role that CEOs and companies play in global governance is changing. Leaders and laggards, winners and losers, will all be defined by how they respond to climate change. The leaders will surface based on their ability to take these four critical steps. Read more
When creators are planning to launch a product into the world on Kickstarter, they’ll now consider their impact on the environment.
This morning, Kickstarter unveiled new features that will help creators evaluate and reduce the environmental impact of their products at the earliest stages. Kickstarter teamed up with EDF Climate Corps to develop an information hub of environmental resources, as well as a space where project creators are asked to publicly commit to environmental practices.
The new information hub – developed by EDF Climate Corps fellow Alexandra Criscuolo – provides a tangible starting point for creators. It’s a one-stop-shop of environmental resources, case studies and best practices from industry experts on how to assess, adopt and communicate sustainability efforts.
In the media storm surrounding the midterm elections, you might have missed an important act of sustainability leadership. Five of the world’s leading brands filed public comments opposing the Administration’s Affordable Clean Energy (ACE) rule. The ACE rule would replace the Clean Power Plan, which all five companies have previously supported, and place no quantitative limits on climate pollution from power plants.
In their public comments to the Environmental Protection Agency, Apple and the four members of the Sustainable Food Policy Alliance (SFPA) – Danone, Mars, Nestlé and Unilever – make it clear that clean energy is good for business, and call for policies that cut emissions in line with what science says is necessary.
Here are three of the key reasons they spoke up.