Every year on April 22, the World Earth Day is celebrated. This year’s motto „Restore our earth“ aims at emphasizing the potential of natural systems, developing green technologies, and innovative ideas that can revive the world’s ecosystems.
Science Based Targets (SBTs) are reduction targets calculated on a scientific basis to ensure global warming from the pre-industrial era is limited to well below 2°C, ideally 1.5°C. Developing SBTs and committing to the Science Based Targets initiative (SBTi) will allow companies to gain competitive advantages by reducing costs related to CO2 emissions and help score SBT points…
During a plenary debate in February 2021, the EU Parliament representatives agreed that achieving the goals of the European “Green Deal” will only be possible if the EU moves to a circular economy model and that this change will create new jobs and business opportunities. Furthermore, they stated that mandatory 2030 targets for material consumption…
From April 6, 2021, invited companies can open the CSA and from June 1, 2021 they can access the S&P ESG Indices as well as the Dow Jones Sustainability (DJSI) Indices. Companies are selected for inclusion in the Dow Jones Sustainability Indices (DJSI), S&P 500 ESG and several other sustainability indices on the basis of…
In February 2021 CDP has released its newest Global Supply Chain Report for the year 2020. The report is based on data and information submitted in the CDP Supply Chain program and provides meaningful insights regarding the supply chain impacts of environmental actions, such as climate-related emission reduction, water security and deforestation targets. The report…
To achieve its targets and align with the company´s vision and mission it is inevitable for an organization to take potential risks and opportunities into consideration. Since companies´ risks are embedded and in context with worldwide risks, topics which are regarded as worldwide pressing issues are at the same time company risks. Recently, the new Global Risks Report 2021 was published and provides an overview and estimation about the most pressing risks (WEF, 2021). To address current risks and recognize opportunities coming from them, the Carbon Disclosure Project (CDP) serves as a tool which supports companies to identify, assess and respond to climate-related risks and opportunities (CDP, 2021).
What is the EU Taxonomy? The EU Taxonomy is a framework to facilitate sustainable investment and was established to fulfill the EU´s environmental objectives. It is a regulatory classification tool that helps investors, companies, and financial institutions to define a standardized understanding of which economic activities can be considered environmentally sustainable. The overarching goal of the EU…
On 08.12.2020, the results of the CDP assessments for the 2020 reporting period were published. Overall, the number of companies that responded through one or more questionnaires (Climate Change, Water and Forest) increased from 8,367 (2019) to 9,617 (2020) companies (plus 15%). This represents more than 50% of global market capitalization. In light of the…
Drive sustainability is an automotive partnership which aims to drive sustainability throughout the automotive supply chain by promoting a common approach within the industry and by integrating sustainability in the overall procurement process. If you are an automotive supplier, it is highly likely that you will have to answer to request from them. Drive sustainability: 11 automotive manufacturers with a…
In short, Circular Economy (CE) is about creating closed loop material flows keeping products, components and materials at their highest utility and value and use them through multiple lifecycles. It is also about waste prevention, resource efficiency, leakage minimisation and dematerialisation: Raw materials are added for manufacturing and re-manufacturing of products or components already in…
