Tesla is under pressure from investors, as former employees strain against arbitration ties. Multi-billionaire Elon Musk has never been one to shy away from the spotlight. In recent weeks, he dominated headlines again as shareholders in his US-based automotive and clean energy company Tesla gathered for its annual general meeting (AGM) on 13 June to vote on the CEO’s…
Hershey Commits to Cut Agriculture, Value Chain Emissions
Chocolate, candy and snacks producer Hershey announced today a series of new climate-related goals, with new targets to reduce emissions originating in its value chain, including Forest Land and Agriculture (FLAG) emissions. According to Hershey’s 2023 ESG report, Scope 3 emissions, or those originating in the company’s value chain outside of its direct control, account for the vast majority, roughly…
Salesforce Commits $25 Million to Scale Carbon Removal Technology with Frontier
CRM solutions provider Salesforce announced today a series of new climate and energy transition-related commitments, including a pledge to purchase $25 million of permanent carbon removals from carbon removal coalition Frontier, in addition to the signing of its first European virtual power purchase agreement (VPPA), as well as nearly $4 million in clean energy-focused philanthropic grants. Salesforce’s new carbon removal…
Workiva Launches New Carbon Data Management and Reporting Solution
Business data and reporting solutions provider Workiva announced today the launch of Workiva Carbon, a new solution aimed at enabling companies to collect, manage and report business and value chain greenhouse gas emissions data. According to Workiva, the launch comes as companies face increasing demand for sustainability reporting, including through regulations such as the EU’s CSRD, the U.S. SEC’s climate…
Microsoft Signs Largest-Ever Nature-Based Carbon Removal Deal with BTG Pactual
BTG Pactual Timberland Investment Group (TIG) and Microsoft announced today that they have signed a large-scale, long-term nature-based carbon removal agreement, with Microsoft purchasing 8 million tons of carbon removal credits through 2043 generated through TIG’s reforestation and restoration strategy in Latin America. According to the companies, the agreement marks the largest known carbon dioxide removal credit transaction to date,…
Guest Post: Three Ways AI Can Transform ESG Reporting
By: Maria Patschke, CEO of ESG Solutions, SAP Fioneer In today’s rapidly evolving landscape of Environmental, Social, and Governance (ESG) reporting, organisations face a myriad of challenges. With increasing regulatory oversight and the introduction of new directives such as the Corporate Sustainability Reporting Directive (CSRD), companies are under more pressure than ever to produce comprehensive and accurate ESG reports. These…
Three Quarters of Companies Say CSRD Leading to Increased Sustainability Integration in Business Decisions: PwC Survey
Approximately three quarters of companies preparing to report under the EU’s Corporate Sustainability Reporting Directive (CSRD) say that they are increasing the integration of sustainability into their decision-making processes, and many are also reporting a wide range of benefits, ranging to improved environmental performance to revenue growth, from sustainability reporting, according to a new survey by global professional services firm…