The CSRD (Corporate Sustainability Reporting Directive) in the EU reforms and significantly expands the reporting obligations of companies. It extends the reporting requirements and makes it compulsory for big to small and medium-sized enterprises based on a harmonized reporting.
For a company like Philip Morris International to have a conversation about sustainability may seem almost inappropriate to some people. How can a tobacco company—which sells products that are harmful to the health of its consumers—talk in a credible way about sustainability? It’s a fair question. Sustainability needs to start with taking a hard look at the impact a company’s products have on consumers and society, and it’s no secret that cigarettes are harmful.
Sustainability consists of concrete gestures and it is for this reason that FPT Industrial, a Brand of CNH Industrial, decided to support Urban Forestry. This is a reforestation project of the Basse di Stura area, in the north of Turin, involves the planting of 1,000 trees of 32 native species typical of the forests and hedges of Piedmont. The four-hectare area has been planted with oak, poplar, willow, elm, ash, linden, maple, hawthorn and other shrubs. Basse di Stura will become an all-around sustainable area and it is estimated that this project will help reduce carbon dioxide by some ten tons annually.
In May, Walmart Inc. (NYSE: WMT) issued its inaugural Environmental, Social and Governance (ESG) Report, which details the company’s goals, progress and achievements for fiscal year 2019 toward its commitment to activate climate change initiatives, enhance sustainability in supply chains and increase economic opportunity for associates.
Bacardi has been an industry leader when it comes to corporate responsibility, and all employees are urged to live the motto “always do the right thing” day in and day out. Because May and June are Bacardi’s official Corporate Responsibility Months, we chatted with Rick Wilson, the global head of Corporate Responsibility, to learn more about the company’s sustainability initiatives, volunteer opportunities, and community outreach plans that are always in the works for the international spirits company.
The eight Mirai passenger cars – otherwise known as fuel cell electric vehicles (FCEV) – were unveiled on the eve of World Environment Day at Olympic House - the IOC’s new sustainability-driven headquarters which will be inaugurated on 23 June 2019. Toyota, a Worldwide Olympic Partner, was represented at the handover event in Lausanne by Matt Harrison, Executive Vice President, Sales at Toyota Motor Europe, who was welcomed by Timo Lumme, Managing Director of IOC Television and Marketing Services, and Marie Sallois-Dembreville, the IOC’s Director for Sustainability.
he World Environment Center (WEC) announced today that long-time sustainability expert Glenn Prickett has been named interim CEO of WEC on a part-time basis, following the departure of Lori Michelin. Prickett will oversee WEC’s world-recognized programs and strategic mission to advance sustainable development and corporate sustainability in partnership with governments, multilateral organizations, the private sector, and other stakeholders.
The importance of sustainability reporting and ESG disclosures is increasing across the globe. Investors, NGOs and other key stakeholders are requesting greater transparency and disclosure – and this is impacting Board-level discussions within companies, across all industries.
The Venetian Resort today announced elevated support for the development of green power and sustainable seafood at the iconic Las Vegas hotel and convention center. The announcement coincides with United Nations-sponsored World Environment Day on June 5. Beginning in May, the company entered into a partnership with NV Energy to offset 100% of the annual electricity consumption at The Venetian Resort Las Vegas and Sands Expo & Convention Center through the purchase of Renewable Energy Certificates (RECs).
Joseph Stiglitz, the renowned Nobel laureate economist, had a column in the New York Times recently titled, “Progressive Capitalism is Not an Oxymoron,” summing up his new book, “People, Power and Profits: Progressive Capitalism for an Age of Discontent.”
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