Chinese asset managers are improving ESG awareness, but weak regulation means green claims often don’t match reality, says Greenpeace. Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found. The environmental campaign group’s study of 16 major Chinese asset managers…
Nestlé Launches Sustainably Sourced Chocolate Brand for Travel Retail
Global food and beverage company Nestlé announced today the launch of the Nestlé Sustainably Sourced chocolate range in its travel retail channel, offering consumers in airports around the world with chocolate products made with sustainably sourced cocoa. The cocoa supply chain is faced with a series of sustainability related challenges, ranging from extreme farmer poverty and child labor to climate…
Amazon Eliminates 15 Billion Plastic Air Pillows in Packaging
Amazon announced today that it has replaced 95% of the plastic air pillows from delivery packaging in North America with paper filler, and is working toward full removal of the plastic pillows by the end of the year. According to the company, the announcement marks Amazon’s largest to-date plastic packaging reduction effort in North America, adding that it will avoid…
UBS Invests in Impact Data Provider GIST Impact
Impact data and analytics provider GIST Impact announced today an investment from UBS’ venture and innovation unit, UBS Next. Founded in 2008, GIST Impact provides data and analytics solutions aimed at helping companies and investors measure their environmental and social impacts, using data-based intelligence with location-specific impact data covering more than 14,500 companies. The firm said its data and software…
Bloomberg Launches New CSRD Sustainability Data Solution
Business and financial markets information service provider Bloomberg announced today the launch of a new offering, aimed at providing financial firms with data reported by companies under the EU’s new Corporate Sustainability Reporting Directive. The CSRD is a major update to the EU’s Non-Financial Reporting Directive (NFRD), the previous EU sustainability reporting framework, significantly expanding the number of companies required…
H&M Invests in Industrial Decarbonization Startup Rondo Energy to Tackle Fashion Supply Chain Emissions
Fashion and design brands company H&M Group announced the launch of a new partnership with zero-carbon industrial heat solutions provider Rondo Energy, aimed at applying Rondo’s industrial decarbonization solution to help address the emissions footprint of H&M’s supply chain. Founded in 2020, California-based Rondo Energy provides solutions to address emissions from industrial heat processes. Industrial heating uses high amounts of…
FedEx Appoints Karen Blanks Ellis as New Chief Sustainability Officer
Global delivery giant FedEx announced that Karen Blanks Ellis will become the company’s next Chief Sustainability Officer, succeeding current CSO Mitch Jackson, who will be retiring from FedEx at the end of June. Ellis joined FedEx in 1997 and previously held the role of Managing Director, Strategic Environmental Management & Sustainability at the company. She has served in a variety…
Australia Launches Plans for Mandatory Climate Reporting, Taxonomy, Sustainable Investment Labels
The Government of Australia’s Treasury department announced today the release of its Sustainable Finance Roadmap, outlining its plans to develop and reform financial markets to support the mobilization of private capital needed to finance the transition to a net zero economy, with key priorities including instituting mandatory climate-relating reporting, establishing a sustainable finance taxonomy, and instituting a labeling regime for…