Global food and beverage company Nestlé announced today the launch of a pilot program to provide weather insurance to smallholder farmers in its Nescafé brand’s supply chain. The company said that the new program comes as climate change pressures coffee-growing areas, with smallholder farmers exposed to the risk of irregular weather conditions affecting their crops. The new program aims to…
Global wine and spirits company Bacardi announced today the opening of a new Combined Heat & Power (CHP) system at its rum distillery in Puerto Rico, anticipated to cut the BACARDÍ rum brand’s greenhouse gas (GHG) emissions in half. The new CHP system replaces heavy fuel oil with propane gas, which is a relatively cleaner energy solution, at the facility,…
Morgan Stanley’s Institute for Sustainable Investing and the Stanford University-based Natural Capital (NatCap) Project announced the development of a new tool aimed at enabling companies and investors to assess the potential impacts of projects and activities on natural ecosystems. The new ecosystem footprinting tool is open-source and free for use. According to Morgan Stanley and Stanford, the launch of the…
Construction materials and services company Saint-Gobain announced a new 100 MW, 15-year renewable Power Purchase Agreement (PPA) with TotalEnergies, aimed at helping to decarbonize the company’s North American industrial sites. The agreement marks Saint-Gobain’s third PPA in North America, and is expected to offset the company’s emissions from electricity by 90,000 metric tons per year. Combined, the three PPAs are…
Only 1 in 4 companies are at advanced stages of preparation to obtain independent assurance on their reported ESG information, even though 66% are required to disclose ESG data or expect to be soon – including 78% of listed companies – according to a new survey released by global professional services provider KPMG. For the study, KPMG surveyed senior executives…