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Lululemon, Samsara Eco Announce Nylon Recycling Breakthrough

Lululemon, Samsara Eco Announce Nylon Recycling Breakthrough

Athletic apparel company lululemon athletica and Australian environmental technology startup Samsara Eco announced the production of a lululemon Swiftly Tech long-sleeve top using enzymatically recycled nylon 6,6, marking the first-ever product to be created using this form of circular solution for the difficult to recycle material. Nylon 6,6 is one of the most commonly used plastics in the textile industry…

Nokia Commits to Net Zero Value Chain Emissions by 2040

Nokia Commits to Net Zero Value Chain Emissions by 2040

Telecommunications and networking technology company Nokia announced today a series of new climate targets, including a new commitment to achieve net zero greenhouse gas (GHG) emissions, both in its own operations and across the value chain, by 2040. The announcement marks a significant acceleration by Nokia of its long-term climate goal, bringing its net zero target forward by ten years…

Australian Companies Call for 1 Year Delay to Mandatory Climate Reporting Requirements

Australian Companies Call for 1 Year Delay to Mandatory Climate Reporting Requirements

Companies in Australia should be given an extra year to prepare to comply with a new proposed law requiring mandatory climate-related reporting, according to a statement released by the Business Council of Australia (BCA), which also pushes for an extended period and expanded scope of immunity from liability related to the new disclosure requirements. The BCA advocates for a “training…

ISSB Continues Standards Alignment Push

The final version of the board’s Inaugural Jurisdictional Guide should be finalised by mid-year, with the core objective of reducing fragmentation.  The International Sustainability Standards Board’s (ISSB) has published a preview version of its upcoming Inaugural Jurisdictional Guide, aiming to assist jurisdictions in their adoption of IFRS 1 and IFRS 2. The preview builds on the International Organization of Securities…

Scope 3 Reporting Improving in US Food Sector 

In contrast, the Ceres Food Emissions 50 Companies Benchmark found slow progress on transition planning among food companies.  The number of North American food companies disclosing Scope 3 emissions has nearly doubled in two years, according to research by investor network Ceres.   Flora Gaber, ESG Analysis Manager at Swedish pension fund AP7, told ESG Investor that it was “encouraging”…

Follow the Money to the Clean Economy

Asset managers globally  are increasingly focusing on investment in climate solutions, while deforestation, biodiversity and water gain ground, explains Ceres Vice President Kirsten Snow Spalding. Climate action in the investment community has faced  contrarian winds lately, yet, asset managers’ engagement on the issue continues to gain steam. Or at least, so it seems when one looks at the scale achieved…

Zalando to Remove Misleading Product Sustainability Claims in Deal with EU Commission

Zalando to Remove Misleading Product Sustainability Claims in Deal with EU Commission

Online fashion and lifestyle retailer Zalando has made a series of commitments to remove sustainability flags and icons displayed next to products on its website that could mislead consumers about the environmental benefits of those products, following dialogue with the European Commission and European national consumer authorities, according to a statement by the Commission. In a statement following the Commission’s…

Take Five: Big, Green Government

A selection of the week’s major stories impacting ESG investors, in five easy pieces. European and UK policymakers were given a consistent message by the private sector this week – more or less. Mixed messaging – Seventy-two large companies signed the Antwerp Declaration, calling for a European Industrial Deal to complement and reinforce the existing European Green Deal. The signatories…

Not Just Yet

Shafaq Ashraf, Climate Action 100+ Project Lead at the Transition Pathway Initiative Centre, says few corporates are currently supporting a just transition. The investor-led Climate Action 100+ (CA100+) initiative’s Net Zero Company Benchmark, a strategic tool to inform investor engagement, provides annual updates on the climate performance of 150 of the world’s largest corporate greenhouse gas (GHG) emitters. Recent results…

Carbon Trading Projects Bearing Fruit for Investors

Innovative pilot schemes are attracting interest after failed COP28 negotiations on carbon markets under Article 6 of the Paris Agreement.   Despite limited progress on carbon trading rules at COP28, experts believe recent trial projects will unlock investment opportunities for private investors.   Negotiators failed to finalise a framework for trading carbon credits between countries in Dubai, but projects allowed…