IKEA announced that the Inter IKEA Group has appointed Lena Julle as its Chief Sustainability Officer, taking over from outgoing CSO Pär Stenmark, who the company said will stay with the company. Inter IKEA Group is the group of companies that connects IKEA franchisees with range development and suppliers, and is responsible for aligning the overall IKEA strategic direction. Julle…
Coca-Cola has agreed to make a series of changes to the recycling claims on its plastic bottles, according to a statement today by the European Commission, following a greenwashing complaint made by the European Consumer Organisation (BEUC). The agreement follows an alert issued in November 2023 by the BEUC, along with member organizations from 13 countires against bottling companies including…
Microsoft and Swedish energy company Stockholm Exergi announced today a significant expansion of their agreement to permanently remove carbon through a planned bio-energy with carbon capture and storage (BECCS) project, growing the deal to more than 5 million tonnes over ten years, from the previously announced 3.33 million tonnes. According to Stockholm Exergi, at 500,000 tonnes per year, the new…
Interest in sustainable investing remains strong – and virtually unchanged – with allocations to sustainability-focused strategies poised to grow over time, with younger investors in particular reporting a growing focus on sustainability in their investment considerations and indicating plans to increase sustainable investment allocations in the near-term, according to a new survey released by Morgan Stanley. The survey also identified…
HSBC’s CEO Georges Elhedery and chair Mark Tucker reaffirmed the bank’s commitment to its long-term net-zero ambition at its annual general meeting (AGM) last Friday (2 May), agreeing to meet with investors but stopping short of addressing concerns about backsliding. Investors including the Ethos Foundation, Nest Corporation, LAPFF, Trinity College Cambridge, the Church of England PB, Rathbones Investment Management and Sparinvest…