Philips continues to demonstrate strong commitment to its ESG ambitions

Royal Philips has made strong progress towards realizing its key Environmental, Social, and Governance (ESG) ambitions. In 2022, Philips reached 1.81 billion people with its products and services, while further reducing operational emissions, and indirect (scope 3) emissions across the end-to-end healthcare value chain, together with its suppliers. “We continue to move closer to our […] ... lees meer

Leading fashion company PVH Corp joins fiber-to-fiber consortium founded by Carbios, On, Patagonia, PUMA and Salomon

Carbios, a pioneer in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, has signed an agreement with PVH Corp., to join its fiber-to-fiber consortium founded with On, Patagonia, PUMA, and Salomon. Committed to accelerating the transition of the textile industry toward a circular economy. Carbios, On, Patagonia, PUMA, […] ... lees meer

European CIRC-UITS project is underway to reuse disused electronic components

The European CIRC-UITS project (Circular Integration of independent Reverse supply Chains for the smart reUse of IndusTrially relevant Semiconductors), which develops digital solutions for the design, production and end-of-life management of electronic components. Dutch partners are TNO, Material Recycling and Sustainability B.V and TRACXON BV. In fact, CIRC-UITS intends to develop new technologies for designing, disassembling and efficiently […] ... lees meer

Under 5% of European businesses show 1.5°C target and plans

European companies are falling far short of developing credible climate transition plans to align with a 1.5°C, nature-positive future, according to analysis of companies representing around 75% of European stock markets published today by non-profit CDP and global management consulting firm Oliver Wyman – a business of Marsh McLennan. In a sign that European companies are becoming aware that such plans are needed, Stepping […] ... lees meer

First Net Positive Employee Barometer shows ‘Employees want strong values and positive impact’

Today Paul Polman c.s. published their first ever Net Positive Employee Barometer. They surveyed 4000 workers in the US and UK and the results should make C-Suites everywhere sit up and listen. The 60 second round-up: Most people want to work in companies that have a positive impact on the world.  But even though many employees know […] ... lees meer

Single use plastic production still on the rise as it threatens to push society further from net zero climate goals

Minderoo Foundation’s groundbreaking Plastic Waste Makers Index (PWMI) 2023 shows the planet’s plastic pollution problem is worsening, and new estimates of lifecycle greenhouse gas emissions from single-use plastics demonstrate how single-use plastics producers also contribute to the climate crisis. The report’s key findings reveal: Despite rising consumer awareness, corporate attention, and regulation, there is more […] ... lees meer

United Nations Development Programme (UNDP) and The Ocean Cleanup to tackle plastic pollution

The United Nations Development Programme (UNDP) and The Ocean Cleanup today signed a Memorandum of Understanding (MoU) to collaborate on eliminating plastic pollution in oceans and rivers around the globe. The goal of the partnership is to reduce leakages of plastics into marine ecosystems by boosting policies and behavior change aimed at advancing sound plastic […] ... lees meer

60+ companies and investors worth $651bn tell EU to agree ambitious sustainability reporting standards

Over sixty businesses, investors and business associations across Europe are today calling on the European Commission not to waiver in its commitment to raising legally binding sustainability reporting standards for companies. Collectively representing businesses with $80 billion in market capitalization, financial institutions with $570 billion in assets and associations such as Bundesverband Nachhaltige Wirtschaft and […] ... lees meer

CDP data shows European businesses are already implementing key elements of the Corporate Sustainability Due Diligence Directive

In February 2022, the European Commission published its proposal for a Directive on Corporate Sustainability Due Diligence (CSDDD). This critical piece of legislation aims to provide a regulatory framework on corporate sustainability governance. Among key provisions of the CSDDD, Article 15 requires EU companies with 500+ employees and EUR 150 million+ in net worldwide turnover […] ... lees meer

Research shows that more than 90% of rainforest carbon offsets by biggest provider are worthless

The world’s biggest companies, from Netflix to Ben & Jerry’s, are pouring billions into an offsetting industry whose climate claims appear increasingly at odds with reality Standards for the offsets for many companies are set by Verra.  Founded in Switzerland in 2007 and now based in Washington DC, Verra’s original two-person team has swelled to […] ... lees meer

The global economy is measured to be 7.2% circular today

Reducing global material use through circular solutions, such as reuse, repair, and recycling of items, can limit global warming to 2-degrees and bring human activities back within safe planetary boundaries1, according to a new report by impact organisation Circle Economy, in collaboration with Deloitte. The report was launched today in Davos, at the World Economic […] ... lees meer

Philips becomes the first health technology company to have its entire value-chain CO₂ emissions reduction targets approved by the SBTi

Philips becomes the first health technology company to have its entire value-chain CO₂ emissions reduction targets approved by the Science Based Targets initiative (SBTi). Philips also awarded ‘double A’ score by global environmental non-profit CDP for leadership in corporate transparency and performance on climate change and water security – Philips’ 10th consecutive A-list score for […] ... lees meer