Sustainability Reports Paypal’s crypto emissions now make up more than 15% of its carbon footprint The crypto assets held by Paypal on behalf of its customers more than doubled between 2022 and 2023, reaching US$1.2 billion. Melodie Michel 08 May 2024
Policy & Standards New guidance available for ISSB-ESRS sustainability standards interoperability EFRAG is aiming to reduce complexity and fragmentation between different disclosure frameworks. Melodie Michel 07 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
Sustainability Reports General Motors blames slow carbon intensity progress on demand for combustion vehicles GM's absolute Scope 3 emissions are down from the 2018 baseline but have been creeping up since 2021. Melodie Michel 02 May 2024
Policy & Standards Most companies plan to align sustainability reporting with CSRD "We’re seeing CSRD’s impact extend far beyond those subject to the regulation." Melodie Michel 01 May 2024
Sustainability Reports Mondelez reports emissions reductions across all scopes, unveils new SBTi targets Almost three quarters (73%) of Mondelez’ carbon footprint comes from raw materials, with cocoa and dairy as the main culprits. Melodie Michel 16 April 2024
CSO Futures Weekly CSO Futures Weekly: Supply chain efforts begin to bear fruit Scope 3 strategy tips from CSOs, progress for Ball Corporation and H&M, Lego's DAC deal and more... Melodie Michel 28 March 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
Operations & Finance Ball Corporation cut Scope 3 emissions for the first time in 2023 – by almost 29% “Not that we will achieve this every year, a few things went our way!” Melodie Michel 25 March 2024
Sustainability Reports Volkswagen sees carbon footprint jump despite vehicle intensity gains Volkswagen managed to lower vehicle carbon intensity in 2023 – but commercial growth outweighed these emissions gains. Melodie Michel 13 March 2024