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How 5 international giants are pursuing sustainability goals in 2017

How 5 international giants are pursuing sustainability goals in 2017 | Sustainable Procurement News | Scoop.it

As 2017 gets underway, five multinationals based in Singapore – Rolls-Royce, Royal DSM, Henkel, BASF, and Panasonic – share how they are making sure they walk the sustainability talk in the year ahead.

EcoVadis's insight:

For a number of international giants, sustainability is a key part of their business.

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Sustainable Procurement News
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Cut fossil fuel use ‘dramatically’ to meet climate goals, says Shell-backed report

Cut fossil fuel use ‘dramatically’ to meet climate goals, says Shell-backed report | Sustainable Procurement News | Scoop.it
Global coal use must be cut by 70 per cent within 25 years, oil use must fall 30 per cent and gas can increase by only 2 per cent out to 2040. The growing global population will instead get its energy from a huge expansion of renewables, combined with more efficient energy use and other low-carbon technologies.

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World first international sustainable procurement guidelines published

World first international sustainable procurement guidelines published | Sustainable Procurement News | Scoop.it
The guidelines offer routes for integrating sustainability into organisations’ procurement policy strategies and process, helping them to make purchasing decisions that, they claim, will address social, economic and environmental issues such as sustainable communities and responsible consumption and production.

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Australia must legislate to prevent modern slavery in our supply chains

Australia must legislate to prevent modern slavery in our supply chains | Sustainable Procurement News | Scoop.it
Modern slavery also permeates the global supply chains of Australian businesses supplying goods to the Australian market from overseas. Major retailers, including Rip Curl, Woolworths, Coles and Aldi, have all been implicated in recent scandals involving exploitation in their supply chains. No company wants the curse of slavery in their products, yet too often that is the reality.
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City of Sydney adopts net zero emissions plan

City of Sydney adopts net zero emissions plan | Sustainable Procurement News | Scoop.it
After months of public consultation, the City of Sydney has fast-tracked the adoption of an action plan that will help it achieve net zero emissions by 2050, tackle waste and water usage, and scale up renewable energy use.
EcoVadis's insight:

Great example to follow...

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Ford grows sustainable supply chain initiative 

Ford grows sustainable supply chain initiative  | Sustainable Procurement News | Scoop.it
As part of the programme, Ford provides 350 monitoring tools to help its suppliers achieve their own sustainability goals, and in return suppliers report and share their environmental progress and best practices.

EcoVadis's insight:

Great to see Ford engaging actively its suppliers.

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The climate finance architecture the world needs

The climate finance architecture the world needs | Sustainable Procurement News | Scoop.it
Over the past 25 years, dozens of national, regional and international climate funds have been created. Each new fund responded to needs and gaps that existed at the time, but this has led to a rather complicated system
EcoVadis's insight:

Which kinds of funds should a country use for its climate investments?

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GRI is Strengthening Ties with the Investment Community

GRI is Strengthening Ties with the Investment Community | Sustainable Procurement News | Scoop.it
“In order to integrate sustainability deeper into investment decisions, companies need clear and consistent standards to communicate their sustainability impacts and opportunities to investors. The collaboration with UNCTAD will allow us to reach key players in the investment chain together to raise awareness on how sustainability reporting can pave the way to a green economy,” said GRI’s Chief Executive Tim Mohin, speaking at the GRI Standards launch event in Zurich.

EcoVadis's insight:

Great to see that the partnership between UNCTAD and GRI will help promote responsible investment practices by leveraging both organizations’ core strengths and competencies.

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EBN - Ariella Brown - HP Supply Chain Leads the Call for Recycling Transparency

EBN - Ariella Brown - HP Supply Chain Leads the Call for Recycling Transparency | Sustainable Procurement News | Scoop.it
HP believes that setting this standard for a transparent electronics recycling supply chain will lead to others following suit. That would be better for the planet and provide reassurance to customers that their cast off electronics will not endanger their confidential data by slipping through cracks of the regulated  recycling process.  

EcoVadis's insight:

What other leading electronics companies are taking actions on this important topic?

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Climate action and sustainable development as one agenda: Simple truth, complex task

Climate action and sustainable development as one agenda: Simple truth, complex task | Sustainable Procurement News | Scoop.it
By the end of 2018, governments are looking to complete a clear, consistent and comprehensive set of operating rules and guidance under which countries account transparently for their emissions reductions, adaptation action, flows of climate finance and technology development and transfer.

EcoVadis's insight:

Great article from UNFCCC's Executive Secretary. 

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Nordic Stock Exchanges recommend GRI Standards

​In March 2017, Nasdaq’s Nordic and Baltic Exchanges issued a framework to support their listed companies to meet ESG disclosure requirements. The guidance has a strong reference to GRI’s sustainability reporting framework, and it reflects the recommendations of the UN Sustainable Stock Exchanges Initiative (SSE), in which GRI is also an active contributor.
EcoVadis's insight:

Great to see that many of the companies listed on the Nordic and Baltic exchanges are already reporting on sustainability.

Learn how to use EcoVadis Assessment Results to Support GRI Reporting

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What is sustainable palm oil?

What is sustainable palm oil? | Sustainable Procurement News | Scoop.it
Palm oil, along with other agricultural commodities like soy, rubber, coffee and cocoa, has been blamed for destroying the environment and violating the rights of communities and workers in areas where it operates. This has led consumers and NGOs to pressure palm oil firms to clean up their act, while others have suggested boycotting products which contain the substance. 

EcoVadis's insight:

Nice article on the rise of sustainable palm oil.

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Extreme heat threat rises for megacities

Extreme heat threat rises for megacities | Sustainable Procurement News | Scoop.it

If global warming is contained at 1.5°C – the ideal target identified at the 2015 climate summit in Paris − the researchers say the number of megacities, with populations over 10 million, in the danger zone will double from today’s figure, and the numbers of people exposed to potentially lethal heat stroke and heat exhaustion could reach 350 million by 2050.

EcoVadis's insight:

There is a strong incentive to stick to lower temperature target 

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Dell, unlikely protector of the oceans

Dell, unlikely protector of the oceans | Sustainable Procurement News | Scoop.it
Dell, the US$57 billion giant that makes millions of personal computers every year, has become the first company to attempt to stop the flow of plastic into the sea
EcoVadis's insight:

Great to see Dell so much involved in cleaner global plastic supply chain

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P&G Wants to Cut $1 Billion In Media Spend And Supply Chain Inefficiencies | AdExchanger

P&G Wants to Cut $1 Billion In Media Spend And Supply Chain Inefficiencies | AdExchanger | Sustainable Procurement News | Scoop.it
At least $1 billion will come from media, specifically by lowering rates and getting rid of supply chain waste, said Chief Financial Officer Jon Moeller.

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We had slavery in our supply chains, says Andrew Forrest

We had slavery in our supply chains, says Andrew Forrest | Sustainable Procurement News | Scoop.it
One of Australia’s best-known business figures says he uncovered slavery in at least 12 suppliers as he tried to stamp out forced labour from the business chain of his mining company.

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Air pollution: The business concern

Air pollution: The business concern | Sustainable Procurement News | Scoop.it

The mounting problem of air pollution may not immediately seem like a pressing issue for businesses outside of the automotive industry. However, the recognition of bad air as a source of significant health implications and research revealing a potential link to employee productivity and talent attraction should be of concern to all businesses.

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Cost of renewables fell in 2016, lowering global investment in clean energy – UN

Cost of renewables fell in 2016, lowering global investment in clean energy – UN | Sustainable Procurement News | Scoop.it
While the capacity from renewables was equivalent to 55 per cent of all new power, the highest to date, total investment was $241.6 billion, the lowest since 2013.

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O2 becomes first company to receive highest Carbon Trust Standard for supply chains

O2 has been recognised as the first organisation to be awarded the Carbon Trust Standard for Supply Chain at its highest level – Level 3. The standard is awarded for firms that showcase a targeted approach to year-on-year supply chain carbon emission reductions through identification and engagement measures with suppliers.

EcoVadis's insight:

Congrats to O2 for this great achievement!

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Ready to accelerate corporate reporting on the Global Goals

The UN Global Compact, the world’s largest corporate sustainability initiative, and GRI, the world’s leading organization for sustainability reporting, are partnering to create a clear and simple framework for the private sector to assess and report on their contribution to the UN Sustainable Development Goals (SDGs)
EcoVadis's insight:

Looking forward to hear more on this partnership

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Toyota, BMW, Daimler Join Forces to Drive Sustainability in the Auto Industry 

Toyota, BMW, Daimler Join Forces to Drive Sustainability in the Auto Industry  | Sustainable Procurement News | Scoop.it
The auto industry continues to look towards a sustainable future with the development of a new partnership between 10 of the world’s biggest automakers. Dubbed DRIVE Sustainability, the partnership is comprised of heavy hitters BMW Group, Daimler AG, Honda, Jaguar Land Rover, Opel/Vauxhall, Scania CV AB, Toyota Motor Europe, Volkswagen Group, Volvo Cars and Volvo Group.
EcoVadis's insight:

Great to see leaders in the automative industry move to the next level of sustainability and supply chain management.

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Italy Implements Directive Requiring Non-Financial Disclosures for Large European Undertakings 

Directive 2014/95/EU of October 22, 2014 amending Directive 2013/34 EU as regards disclosure of non-financial and diversity information by large undertakings and groups (the Non-Financial Reporting EU Directive) has been implemented in Italy by Legislative Decree No. 254 of December 30, 2016, in force since January 25, 2017 (the Decree).

EcoVadis's insight:

Great to see such initiatives taken in Italy to encourage large companies and groups to disclose non-financial information on sustainability.

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Singapore toughens regulations to meet environment goals

Singapore toughens regulations to meet environment goals | Sustainable Procurement News | Scoop.it
Tougher vehicle pollution standards and mandatory air suction waste systems are two of the initiatives that the Singapore government will be implementing to curb emissions and revive the nation’s stagnant domestic recycling rates, but experts say more must be done to encourage Singaporeans to adopt more environmentally responsible lifestyles.
EcoVadis's insight:

Great to see that the Government of Singapore is taking actions!

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The race to put more zero-emission cars on the road

The race to put more zero-emission cars on the road | Sustainable Procurement News | Scoop.it
California has led the charge for electric vehicles with an ambitious strategy to put 1.5 million zero‐emission vehicles on the road by 2025 (Executive Order B‐16‐2012) with the ultimate goal of transitioning virtually all personal transportation in the state to zero‐emission cars by 2050. This leadership has paid off ― California continues to make up for about half of the growth of electric vehicles in the United States.
EcoVadis's insight:

Great to see that California makes up about half of the growth of electric vehicles in the US.

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How government and business can work together to build better cities

How government and business can work together to build better cities | Sustainable Procurement News | Scoop.it
The creation of resilient and sustainable cities is therefore a business opportunity for the private sector, who can build a marketplace for resilience tools and services.
EcoVadis's insight:

The public and private sector must work closely together to build sustainable cities

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Why business is greener than Trump

Why business is greener than Trump | Sustainable Procurement News | Scoop.it
The relationship between business, politics, and the environment is about to become more complicated. As US President Donald Trump’s administration threatens to dismantle vital environmental protections, some of which have existed for decades, business leaders are increasingly recognizing – and acting upon – the need for environmentally sustainable policies.
EcoVadis's insight:

As a business leader, are you showing that you are not a cheerleader for coal, pollution, and global warming?

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