Luggage and travel gear company Samsonite announced today a new series of sustainability goals, including a new target to reduce Scope 3 emissions from purchased goods and services 52% by 2030 by significantly increasing the use of recycled materials in its products. According to Samsonite’s most recent sustainability report, nearly all of the company’s greenhouse gas footprint is made up…
UK-based investment management, wealth planning and private investment office services provider LGT Wealth Management announced the appointment of Phoebe Stone as its first Chief Sustainability Officer (UK). Stone joined LGT in 2014 as a Portfolio Manager, and founded the firm’s sustainable investing division in 2018, and has been running the sustainable investing client proposition, dedicated sustainable investment team, ESG integration…
Insurance and investment group Allianz’s trade credit insurance unit Allianz Trade announced the launch of Surety Green2Green, a new solution aimed at enabling clients to engage in low-carbon technologies and renewables projects through issuance of surety bonds and guarantees securing project completion. Surety bonds support companies’ contractual obligations with customers and suppliers, protecting business partners against loss arising from late…
Beauty company Coty announced today a series of new sustainability goals, targeting areas including sustainable packaging and water use, including a goal to reduce water withdrawal by 25% by 2030, on a 2019 basis. The new goals were announced alongside the release of Coty’s 2024 sustainability report. According to Coty, the new water reduction goal follows an initial water stress…
Singapore-based financial services group DBS Bank announced the appointment of Shilpa Gulrajani as its new Head of Sustainability for its Institutional Banking Group. According to a DBS spokesperson, in her new role, Gulrajani will have responsibility for “leading DBS’ sustainable finance business franchise and engagement in the region, driving ESG business origination, advisory and financing solutions to enable corporates and…