August Round-Up

Dear Reader,

As we venture further into 2024, our dedication to advancing sustainability within the consumer packaged goods (CPG) industry remains stronger than ever. This month, our blog explores key topics that highlight the most pressing trends and groundbreaking innovations in sustainable practices.

We delve into the intricacies of climate regulation and its potential impact on your business, offer guidance on navigating climate frameworks to unlock both financial and sustainability benefits, and provide strategies for seamlessly integrating sustainability into your company’s core operations. Links to these articles are provided below.

Recent industry developments, including record-breaking temperatures, underscore the growing urgency for sustainable business solutions. With increasing pressure from consumers, investors, and legislation, companies must remain proactive, innovative, and accountable in their sustainability efforts.

We hope these insights inspire and empower you to take your company's sustainability initiatives to the next level. Thank you for being part of this vital conversation.

Recent Industry News

Over 80% of US Companies are Building Net-Zero Programs, None are Waiting for Legislation

A survey by EcoOnline found over 80% of companies are building net-zero programs and none are waiting are waiting for legislation to be enacted before creating a sustainability program or team. The survey also found 73% of respondents see sustainability as an opportunity for revenue growth, and 94% see sustainability as a way to increase brand value.

88% Report Data Quality is a Top Challenge for Companies

A new report by Deloitte finds 88% of companies are finding data quality for ESG reporting to be one of their top three challenges, and 57% of them cite it as their top challenge. Only 25% of surveyed consumer businesses report Scope 3 emissions.

Wind and Solar Produce Energy than Fossil Fuels in the EU

In the first half of 2024, wind and solar produced 30% of the EU's electricity generation while fossil fuels produced 27% of electricity. This marks a 17% decrease in electricity generation by fossil fuels in the first half of the year compared to 2023.

14 Months of Consecutive Record High Temperatures

NOAA reported the global surface temperature was 2.18°F (1.21°C) above the 20th century average, marking it as the warmest July on record, and continuing the streak with 14 consecutive months of record high temperatures.

Sea surface temperatures were the second-warmest on record, ending 15 consecutive months of record-setting temperatures.

Featured Sustainability Articles

An insightful article by our co-founder and CTO, Thejas (TJ) Nair, published on the leading sustainability platform illuminem, where we delve into how AI-powered solutions are transforming the landscape of Scope 3 emissions management.

Top articles we published in August!

About CarbonBright

At CarbonBright, we specialize in developing innovative solutions that enable organizations to conduct Life Cycle Assessments (LCAs), quantify their scope 3 emissions, and meet stringent regulatory requirements. By partnering with CarbonBright, organizations can achieve a more efficient and cost-effective solution compared to traditional methods. Our scientifically-based approach, aligned with industry standards, ensures accurate and credible results that support your journey towards sustainability and compliance with emerging climate action standards.

Contact us to learn more about how we can help you accelerate your sustainability journey and meet the complex requirements of Life Cycle Assessments (LCAs).