Why Sustainable Investing Makes Good Business Sense
“We need to move away from a culture of short term wins to focus on the gains of a long-term business strategy on climate risk,” says Paul Simon, CEO of CDP.
CDP
Oil & Gas Companies Boast Few Long-Term, Low-Carbon Ambitions & Minimal Investment
Two new reports published within days of one another have outlined the difficulties inherent in continuing anything close to “business-as-usual” for oil and gas companies around the world, and the increasing pressure to begin transitioning to low-carbon operations.
Australia’s Commonwealth Bank Commits To 100% Renewable Electricity By 2030
Australia’s largest bank, the Commonwealth Bank of Australia, announced this week that it has not only signed Power Purchase Agreements (PPAs) worth 65% of its national electricity needs, to be completed by January 2019, but it has also committed to source 100% of its global electricity needs from renewable energy by 2030, joining the RE100 initiative to boot.
Fossil Fuel Companies Spend Next To Nothing On Renewable Energy
The top 24 fossil fuel companies spent less than 2% of their 2018 budgets on renewable energy investments. They want us to think they are concerned for the Earth, but nothing could be further from the truth.
RE100 Member Companies Outperform Their Peers
A new report published by global 100% renewable electricity initiative RE100 and Capgemini Invent shows that companies committed to 100% renewable electricity targets outperform their peers with above-average financial performance.
RE100 Adds 7 New Members, Including First Latin American & Turkish Companies
Global 100% renewable electricity initiative RE100 announced this week at Climate Week NYC the addition of seven new members, bringing the total number of companies up to 152, and introducing the first companies from Latin America and Turkey.
Clothing Giant PVH Joins RE100 & Targets 100% Renewables By 2030
Clothing giant PVH Corp — the parent company of such brands as Calvin Klein, Tommy Hilfiger, and Speedo — announced this week that it has joined the RE100 initiative and has committed to sourcing 100% of its electricity needs from renewable energy sources by 2030.
Nearly 400 Investors With $32 Trillion In Assets Step Up Climate Action To Support Paris…
Nearly 400 investors with assets worth $32 trillion announced The Investor Agenda last week, a first-of-its-kind global agenda aimed at demonstrating and supporting investors in accelerating and scaling-up actions critical to meeting the goals of the Paris Agreement.
More Than 130 Companies Have Made Science-Based Targets This Year Alone
Since the beginning of the year, more than 130 new companies have joined the Science Based Targets initiative, pushing the total number of companies close to 500 and representative of approximately one-eighth of total global market capitalization.
Global Purchasers With Over $3.3 Trillion Annual Spend Are Scaling Up Supply Chain Sustainability
Environmental impact non-profit CDP has this week announced that the 115 of the world’s largest purchasers it works with, which together represent annual spend of over $3.3 trillion, are requesting environmental data from over 11,500 suppliers.
