Sustainability Bulletin - 09.05.2022

Dear Friends,

We have prepared a condensed bulletin for you based on news, articles, and developments that recently took place around the globe about Sustainability.

Here’s what happened last week in our Sustainable World;

?Sustainability Initiative: Taiwan-E.SUN Bank convened a conference on "E.SUN ESG and Sustainability Initiative." President Ms. Ing-Wen Tsai personally attended the event, during which founder of E.SUN Mr. Yung-Jen Huang, Chairman Mr. Joseph Huang, and over 100 outstanding enterprises advocated for ESG sustainability. E.SUN ESG and Sustainability Initiative was jointly launched by E.SUN and 101 companies, including leaders and hidden champions of various industries, accounting for 23% Taiwan GDP in 2021 with total revenue of 5.08 trillion NT dollars. The participating companies pledged to carbon emission reduction of at least 1.57 tons by 2025. Among the participating companies, 46 of them committed to net zero by 2050. Read more: https://bit.ly/3BeN6Hn

?Fossil Fuel Free: As a pharma company, Biogen is obviously in the business of improving people's health. Now, it's launching a $250 million initiative aimed at the health of the planet. "Healthy Climate, Healthy Lives" is Biogen’s 20-year-plan to eliminate fossil fuels across all its operations. It's now the first Fortune 500 company committed to being fossil-fuel-free by 2040. Biogen’s plan includes its supply partners. It wants 80% of its suppliers to commit to science-based targets by 2025. Regarding energy use, Biogen expects half of its suppliers to completely source electricity from renewable sources by 2030, with a further goal of 90% by 2040, Nicole Murphy, Biogen's senior vice president of global manufacturing and technical operations, said in an email interview. Read more: https://bit.ly/3KPOlja

?Floating Turbines: The makers of wind turbines have, for many decades now, labored to harness one of the mightiest forces in nature. They’ve moved from onshore to offshore sites, building ever larger rotors with huge blades, each one now longer than a row of 10 London buses. They’ve stacked those rotors atop dizzying towers, constantly reaching for new, blustery heights. In their endless quest to capture the most reliably energetic winds, engineers are now moving further out into the ocean, to areas of deeper water where especially strong winds are known to blow. For offshore wind turbines—whose fixed-bottom foundations can only extend down 60 meters—such areas have long been off-limits. A new generation of floating machines looks ready to change that. Read more: https://bit.ly/3KUImde

?Supply Chain: As Tetra Pak announces the success of its sustainability initiatives in 2022, we explore how other businesses in the food supply chain can follow suit from sourcing to production, transportation to packaging, the food supply chain has more stages than many of us realize. Read more: https://bit.ly/3QmCMBk

?Sustainability Goals: Honeybear Brands is known as a leading grower, packer, shipper, and developer of premium apples. The company’s year-two sustainability results showcase the dedication to the environment and to the future of the industry. “As a company we have been addressing sustainability for more than a decade, but we recognized the need for a bolder and more comprehensive step cementing our standing as industry leaders and encouraging others to set and achieve their own goals,” says Don Roper, vice president of sales and marketing, Honeybear Brands. “We established goals addressing the biggest challenges in the industry, including pollinator health, packaging, food loss and climate.” Read more: https://bit.ly/3RkVavE

?Electric Vehicle: EVs worldwide help reduce environmental pollution and avoid dependence on fossil fuels, such as gasoline and diesel. Other factors that contribute to improving the performance of EVs include battery, motor, and energy storage technologies. Read more: https://bit.ly/3RegfYG

?Sustainable Solutions: Fashion designer Stella McCartney has partnered with Collaborative Fund to set up the US$200m SOS Fund for cleaner businesses and sustainable solutions. Luxury fashion designer Stella McCartney has supported the launch of a sustainability fund worth US$200m in partnership with Collaborative Fund – a leading venture capital firm for entrepreneurs making a difference in the world. The Collab SOS Fund invests in Series A and Series B companies working towards sustainable solutions across materials, ingredients, energy, and supply chains. Read more: https://bit.ly/3enwcgC

?Sustainability Report: ASUS, the Taiwan based computer, phone and electronics company, and 5th largest PC seller, has released its annual sustainability report. This latest report adopts the Global Reporting Initiative (GRI) and international indicators from the Sustainability Accounting Standards Board (SASB). ASUS has also said it will voluntarily publish an independent report from the Task Force on Climate-related Financial Disclosures (TCFD) in September – further enhancing its transparency credentials. Read more: https://bit.ly/3RhcIcg

A Sustainable World is possible! ??

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