ESG due diligence remains a priority for dealmakers. In fact, respondents to the latest Global KPMG due diligence study report a rise in ESG priority in transactions over the last 12 to 18 months, despite challenges.
Water and energy systems long have been intrinsically intertwined, given electricity's entrenchment as one of a water or wastewater utility's biggest expenditures. But as water suppliers and wastewater service providers grapple with ways to reduce power costs, advance toward "green" energy and participate in the electric industry evolution, there's talk of "ner energy."
In the water industry, data is driving the discussion. To understand what this means requires a story about motor oil.
For decades, car manufacturers recommended that vehicles have their engine oil changed at least every 3,000 miles without fail. This was never proven practical, given that such decisions should be based on individual driving style, the conditions and climate – even the type of oil used. But these real-world conditions don't tend to factor into the carmaker's original guidelines.
Edison International has released its 2018 Sustainability Report reflecting its sustainability strategy and 2018 sustainability performance. The report shows how the company is leading the transformation of the electric power industry and operating its business with excellence by focusing on customers, communities and employees, with safety as its top value.
Our long-standing commitment to environmental leadership helps us achieve efficiency, reduce costs, and respond to the needs of our customers and community stakeholders. We invest in conservation projects and set company-wide environmental targets, seeking to drive reductions in greenhouse gas emissions, energy use, water use, and waste generation. We also work with others to apply Intel® technology to environmental challenges such as climate change and water conservation.
In 2018, Cape Town residents stared down "Day Zero," the moment when the water system – jeopardized by the combination of population growth, drought cycles, aging infrastructure and deferred system improvements – was predicted to literally run dry. Fortunately, citizens rallied by heeding the conservation calls, and the skies opened. A historic crisis was averted for its more than 3 million residents. But the lessons lingers on: Government and water industry leaders the world over are reconsidering how climate impacts and deferred maintenance threaten the resilience of our supply.
Water, water everywhere. And with the troubling prospect of more of it in coming years, concerns over climate change and its effects are deepening, from more frequent extreme events in the Midwest to rising sea levels affecting low-lying areas vulnerable to coastal flooding. Aging infrastructure still dominates the discussion, yet a pressing question lingers: How can water utilities and those entrusted to oversee them do more, sometimes with less, to mitigate against mega-storms already proven to outmatch legacy conveyance and storage strategies?
Beyond our work to discover, develop and manufacture vital medicines, we are focused on contributing to the greater good in society in numerous ways, which we share in our 2018 Responsibility Highlights Report. We continue to build our Access to Medicine effort, grow the number and reach of science education programs, improve the environmental footprint of our business and create a healthy, inclusive and safe work environment where innovation thrives.
Sustainable Brands® kicks off SB’19 Detroit, its largest community gathering of global brand and sustainability leaders dedicated to advancing social and environmental innovation today at the Cobo Center in downtown Detroit. Nearly 2,000 business executives from 35+ countries are attending the conference and Innovation Expo.
Smithfield Foods strengthened its commitment to sustainability through a new zero-waste-to-landfill initiative. The company will reduce the amount of waste sent to landfills by 75%, and turn 75% of their facilities into zero-waste-to-landfill operations by 2025. Currently, one quarter of Smithfield Foods' facilities are certified as zero-waste-to-landfill, and reuse or recycle at least 50% of all waste generated.
Smarter infrastructure, with data at its core, will play a crucial role in overcoming varied threats to our water supply. This year's Strategic Directions: Water Report finds that from precise reads of consumption rates and customer engagement to improved leak detection and climate change planning, a new culture of data science can extend our supply to drive sustainability and resilience.
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