Climate Targets Levi Strauss strengthens Scope 3 target, hopes to drive apparel supply chain cooperation The new 42% reduction target should lower the brand’s Scope 3 footprint by nearly 1 million tonnes. Melodie Michel 20 May 2024
Climate Targets Tesla, Mercedes-Benz, BMW: Only three automakers aligned with 1.5ºC EV production needs "Automakers' substandard electric vehicle plans, and negative advocacy strategies are driving the climate crisis." Melodie Michel 14 May 2024
Operations & Finance Global banks under pressure to set more specific sustainable finance targets To meet the world’s net zero targets, the ratio of green to fossil fuel financing should reach a minimum of 4:1 by 2030. Melodie Michel 06 May 2024
Climate Targets Gap Inc. still seeking SBTi approval of net zero target after having ‘commitment removed’ The group has reduced Scope 1 and 2 emissions by 77% and Scope 3 emissions from purchased goods by 16% from a 2017 base year. Melodie Michel 03 May 2024
Guest article How SMBs can make our world more sustainable – on World Earth Day, and beyond Elisa Moscolin, Executive Vice President of Sustainability at Sage, shares practical advice for small businesses on climate action. Melodie Michel 22 April 2024
Policy & Standards Lack net zero targets among private firms could lead to CSRD penalties Just eight of the top 100 private companies have set a net zero target in the past 18 months. Melodie Michel 22 April 2024
Climate Targets Think tanks warn against Scope 3 flexibility as corporate climate targets remain insufficient Corporate Climate Responsibility Monitor urges VCMI and SBTi to strengthen their standards. Melodie Michel 09 April 2024
Climate Targets Co-op unveils SBTi-approved climate targets including agriculture emissions So far, Co-op has cut operational emissions by 59% from its 2016 baseline, and reduced absolute Scope 3 emissions by 21%. Melodie Michel 01 April 2024
Operations & Finance H&M improves data accuracy – and adds nearly 2 million tonnes of emissions to estimates H&M has applied these calculation changes to historical results, including its 2019 baseline. Melodie Michel 28 March 2024
Climate Targets Sainsbury’s unveils new 2030 climate targets that include land use and agriculture This is the first time the UK retailer has set goals for land use emissions, which come with a commitment to end deforestation across primary commodities by the end of 2025. Melodie Michel 19 March 2024