Why this leading energy company sees opportunity in a low carbon future

At Environmental Defense Fund, we believe that environmental progress and economic growth can and must go hand in hand. EDF+Business works with leading companies and investors to raise the bar for corporate sustainability leadership by setting aggressive, science-based goals; collaborating for scale across industries and global supply chains; publicly supporting smart environmental safeguards; and, accelerating environmental innovation.

This is the eighth in a series of interviews exploring trends in sustainability leadership as part of our effort to pave the way to a thriving economy and a healthy environment.

Equinor, formerly known as Statoil, is not your average energy company. The Norwegian-based corporation reports producing oil and gas with half of the CO2 emissions, compared to the global industry average.

The company also stated commitment to building its business in support of the Paris Agreement, and plans to invest over $200 million in Equinor Energy Ventures, one of the world’s largest corporate venture funds dedicated to investing in growth companies in renewable energy. That may be why CDP ranked Equinor as the oil and gas company best prepared for a low carbon future.

Equinor is also doing its part to detect and reduce methane emissions by embracing innovation and technology. In fact, Equinor was the first energy producer to purchase and install a new solar-powered technology device to continuously detect methane leaks. And, Equinor collaborates with EDF and Stanford in supporting mobile monitoring advances, such as drone based sensors.

In advance of the World Gas Conference in DC later this month, I spoke with Bjorn Otto Sverdrup, senior vice president of sustainability at Equinor, to learn more about the company’s climate goals and how the company is addressing methane emissions from its oil and gas operations. Here's an edited transcript of our conversation. Read more

How an Indonesian coconut plantation inspired Mars’ “aha moment” on sustainability

At Environmental Defense Fund, we believe that environmental progress and economic growth can and must go hand in hand. EDF+Business works with leading companies and investors to raise the bar for corporate sustainability leadership by setting aggressive, science-based goals; collaborating for scale across industries and global supply chains; publicly supporting smart environmental safeguards; and, accelerating environmental innovation.

This is the seventh in a series of interviews exploring trends in sustainability leadership as part of our effort to pave the way to a thriving economy and a healthy environment.

You likely know Mars as the company behind leading brands like M&M’s®, PEDIGREE® pet food, and UNCLE BEN’S® rice. For those of us in the field of corporate social responsibility, Mars is also well-known for its environmental leadership.

Mars’ Sustainable in a Generation plan lays out the company’s commitment to procure 100 percent renewable energy, reduce 100 percent of greenhouse gas emissions from its direct operations by 2040, and reduce indirect emissions throughout the value chain by one-third by 2030 – and two-thirds by 2050.

As Mars’ chairman Stephen Badger wrote in a Washington Post editorial last year, the company’s carbon footprint is the size of a small country. The company’s goals are therefore nothing short of ambitious.

But if anyone can help the company meet those targets, it is chief procurement and sustainability officer Barry Parkin, who believes that big goals drive big innovation.

I recently spoke with Barry about how Mars plans to tackle its climate goals, how being a family-owned business shapes its approach to sustainability, and how his time on the British Olympic sailing team influences his day-to-day job. Here’s an edited transcript of our conversation.

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Business leadership on climate and clean energy is blooming this spring

The momentum driving companies to cut carbon emissions shows no signs of slowing down, despite the lack of leadership from Washington, D.C.:

Most important, businesses increasingly see public policy as critical to achieving their climate and clean energy goals. Last month, leading companies including Apple, Google, Mars, Danone, Nestle, Unilever and American Eagle Outfitters filed comments with the Environmental Protection Agency (EPA), opposing repeal of the Clean Power Plan and affirming their support for policies that drive down emissions and increase access to renewable energy.

Here are three key takeaways from these developments.

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Amazon’s big opportunity: Transparency in sustainability

At Environmental Defense Fund, we believe that environmental progress and economic growth can and must go hand in hand. EDF+Business works with leading companies and investors to raise the bar for corporate sustainability leadership by setting aggressive, science-based goals; collaborating for scale across industries and global supply chains; publicly supporting smart environmental safeguards; and, accelerating environmental innovation.

This is the fifth in a series of interviews exploring trends in sustainability leadership as part of our effort to pave the way to a thriving economy and a healthy environment.

Over the past few years, Amazon’s sustainability team has been busy setting ambitious goals on renewable energy, making their voice heard on smart environmental policies, and leveraging their expertise in technology to drive innovation that can benefit the planet – and boost profits.

I recently chatted with Kara Hurst, head of worldwide sustainability at Amazon and former CEO of The Sustainability Consortium, about how innovation and environmental goals intersect at Amazon, the launch of the new Amazon Sustainability Question Bank, and how sustainability issues could play a role in deciding the next Amazon headquarters (HQ2).

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Environmental innovation will transform business as usual

As the Trump administration rolls back environmental protections that could harm human health for decades, it’s increasingly up to businesses to lead the way, charting the course to a future that includes both a thriving economy and a thriving planet.

Leading the way requires first setting ambitious, public targets like the over 340 companies taking science-based climate action and 90 that have approved science-based targets; collaborating with partners across the value chain for maximum scale and impact – Walmart’s Project Gigaton, a collaborative effort to reduce 1 billion tons for emissions, is a powerful example; and, supporting smart climate and energy policy

BSR’s new sustainability framework closely echoes these leadership approaches and recommends that companies create resilient business strategies that align with sustainability goals. GreenBiz’s 2018 State of Green Business report further supports these and other requirements for sustainability leadership, adding that businesses need to improve reporting on climate risk, impact, and progress towards goals. The We Mean Business coalition adds further calls to action for companies: join the low carbon technology partnerships initiative, grow the market for sustainable fuels and electric vehicles, and take proactive steps to end deforestation by 2020.

Yet currently missing from all of this corporate sustainability leadership guidance is a call for companies to accelerate environmental innovation and deployment of next generation technology – sensors, AI, data analytics and visualization, and digital collaboration – to solve our most pressing environmental challenges.

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Talking sustainability, soup and stout with Campbell’s Dave Stangis

At Environmental Defense Fund, we believe that environmental progress and economic growth can and must go hand in hand. EDF+Business works with leading companies and investors to raise the bar for corporate sustainability leadership by setting aggressive, science-based goals; collaborating for scale across industries and global supply chains; publicly supporting smart environmental safeguards; and, accelerating environmental innovation.

This is the fourth in a series of interviews exploring trends in sustainability leadership as part of our effort to pave the way to a thriving economy and a healthy environment.

Dave Stangis has dedicated over three decades of his career to steering sustainability and corporate social responsibility (CSR) efforts at two iconic American companies, Intel and Campbell Soup Company. As Vice President of Corporate Responsibility and Chief Sustainability Officer at Campbell, Dave has built the company’s reputation for setting a high bar on sustainability and corporate responsibility in the food industry. Case in point: Campbell was recognized as a top corporate citizen by Corporate Responsibility Magazine for the eighth consecutive year.

Campbell set an ambitious goal to cut the environmental footprint of its product portfolio in half by 2020, which entails reducing energy use by 35 percent, recycling 95 percent of its global waste stream, and sourcing 40 percent of the company’s electricity from renewable or alternative energy sources.

I recently spoke with Dave to learn about his approach to setting big sustainability goals, the role of technology and innovation in building a more sustainable food system, and which kind of beer goes best with a bowl of soup. Below is an edited transcript of our discussion.

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Why 2017 was the worst and best year of my entire sustainability career

Of my 20 years in the corporate sustainability world, I’ve never seen a year like 2017.

Like many of you, I watched in shock as we inaugurated a reality TV personality as our 45th President. Since then this Administration has rolled back critical environmental and health protections and ceded U.S. government leadership on climate change and clean energy. Issues that I am passionate about and have devoted my career to advancing. Issues that affect kids like my son, who turned 6 this week, and the over 6 million other children across the country that suffer from asthma.

At the same time, our family members, friends, and colleagues from coast to coast have been impacted by heart-wrenching extreme weather events – made stronger by climate change. In the past 12 months alone, we experienced the country’s most devastating hurricane season (with damage estimates ranging to $475 billion), record breaking temperatures that grounded airlines to a halt, freezing temperatures in the Southeast that caused over $1 billion in agricultural losses, and wildfires that continue to blaze across the state of California.

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How to make Thomas Friedman’s climate optimism a reality

Heroic imagination is required to protect health and ensure prosperity in a world of climate chaos, according to Thomas Friedman at the recent New York Times ClimateTECH conference. This potential is ours to realize, says Friedman, due to the unleashing of new technology a decade ago. With Twitter, YouTube, GitHub and the like, the interdependent power of many has never been greater, and the independent power of one has never shone brighter.

Not surprisingly, Friedman’s words inspired the conference audience of entrepreneurs and established companies there to discuss new clean tech innovations.

The problem is that although inspiration and imagination can help motivate change, they are not strategies to achieve it. Building a climate-friendly economy will help us realize the greatest opportunity of our lifetime — creating jobs and protecting health.

Seizing the opportunity to build prosperity while facing climate chaos requires more than a field of a thousand blooming start-ups. It requires massive, continuous innovation, and exponentially increasing investment to bridge the gap between inspiration and implementation.

Here’s how to address both challenges.

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What the sensor technology revolution means for businesses, the planet, and your lungs

A recent study from UPS and GreenBiz revealed that 95 percent of surveyed companies recognize the effect that urbanization – particularly air quality and traffic congestion – will have on business growth and sustainability.

Why? Because poor air quality costs the global economy $225 billion every year in lost labor income, according to the World Bank. Air quality also worsens with congestion, which will likely increase as 2.5 billion more people are expected to live in urban areas by 2050.

It’s no surprise then that less than half of the UPS/GreenBiz study participants feel prepared to address these challenges.

The good news is that cities and businesses can turn their anxiety into action by embracing and utilizing disruptive mobile sensor technologies that collect air quality data.

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One-on-One with EDF+Business: Former DuPont CSO Linda Fisher on sustainability leadership

At Environmental Defense Fund, we believe that environmental progress and economic growth can and must go hand in hand. EDF+Business works with leading companies and investors to raise the bar for corporate sustainability leadership by setting aggressive, science-based goals; collaborating for scale across industries and global supply chains; and publicly supporting smart environmental safeguards.

This is the first in a series of interviews exploring trends in sustainability leadership as part of our effort to pave the way to a thriving economy and a healthy environment.

Linda Fisher is one of corporate sustainability’s trailblazers. In fact, she was named the first chief sustainability officer of a publicly traded company (DuPont) in 2004.

Over the next decade, Linda led DuPont’s efforts to establish the company’s first set of market-facing sustainability goals, which included a strong emphasis on innovation. Read more