Sustainability Bulletin - 11.21.2022
A Sustainable World
We are working towards raising awareness of, and engagement in, global sustainability issues and solutions.
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 Partnership: A groundbreaking partnership between Chinese real estate leader Hang Lung Properties and French luxury giant LVMH Group is forging new ground when it comes to sustainable building. Hang Lung and LVMH have officially partnered on a three-year innovative collaboration on climate and sustainability action across their respective real estate and retail businesses that will see the two groups work together with a clear focus on five key areas, and will engage their respective employees and suppliers to co-create solutions to the ESG issues they face. The partnership is expected to inspire many more landlords and tenants to work creatively for the greater good. Read more: https://bit.ly/3UXAQSX
?Green Transportation: Unlimited bus, trams, and train rides will soon be on offer in Germany for the equivalent of just ￡1.40 a day. The new "digital Deutschlandticket" will be on sale from some time next year for €49 per month - the equivalent of ￡1.40 a day. The ticket is designed to cut the country's Co2 emissions by encouraging people onto low emissions transport and out of cars while saving passengers cash. The German Embassy in London said the €49 ticket is intended “to cut Co2 emissions and help people with the cost of living”. Read more: https://bit.ly/3EmK6ZK
?Sustainable Practices: Student vendors participated in Cal Poly Green Campus’ Sustainability Festival in October, selling handmade goods with a mission of promoting local, sustainable fashion. Read more: https://bit.ly/3Ok8fF1
?COP27: At COP27, the Global Fashion Agenda (GFA) and the United Nations Environment Programme (UNEP) announced the launch of The Fashion Industry Target Consultation. The Fashion Industry Target Consultation aims to identify existing industry-aligned targets to reduce environmental and social impact. These key areas, according to the Fashion CEO Agenda, are respectful and secure work environments, better wage systems, resource stewardship, smart material choices, and circular systems. Not only will the Consultation work to improve the aforementioned targets, but it will also form new goals that are currently being overlooked, such as purchasing practices and circular design. The main target is to establish a clear path towards a net-positive fashion industry. Read more: https://bit.ly/3V9YrzB
?Sustainability Management: On the sidelines of the 2022 United Nations Climate Change Conference (COP27), technology leader Microsoft Egypt has announced two key sustainability management partnerships with the Ministry of Communications and Information Technology (MCIT). A Memorandum of Understanding (MoU) was signed between Eng. Raafat Hendy, information infrastructure director at MCIT, and Eng. Mirna Arif, General Manager of Microsoft Egypt to establish a Government Center of Excellence for Emissions Accounting and Reporting digitally (GEAR COE). GEAR COE will enable the Egyptian authorities to digitally record, measure, and report on carbon emissions, which will contribute to achieving institutional sustainability. Read more: https://bit.ly/3ArHl8k
?COP27: WMO-backed initiatives to improve weather forecasts and early warnings and strengthen the resilience of communities on the frontline of climate change have been bolstered by important new financial commitments during the UN climate change negotiations, COP27. The United States, Canada, and European countries all announced new donations to projects aimed at saving lives and livelihoods in the most vulnerable countries in Africa, Least Developed Countries, and Small Island Developing States. Read more: https://bit.ly/3GAh1wD
?Supply Chain: This week, four outdoor drinkware brands: Klean Kanteen, MiiR, Stanley, and YETI, announced a first-of-its-kind partnership to identify opportunities and actions that will reduce carbon emissions across their shared manufacturing supply chain. Deemed the Drinkware CoLab, the project supports the Outdoor Industry Association (OIA)’s goal to become the world’s first climate-positive industry by 2030. The four brands are participating in the Drinkware CoLab as part of OIA’s Climate Action Corps — a climate-positive initiative that goes beyond net zero to create a net-positive benefit. Read more: https://bit.ly/3AvgIPI
?COP27: Impax, Ninety One, and Rathbone Greenbank speak to ESG Clarity in Sharm El-Sheikh. In a COP focused on working to find solutions to unlock climate capital for developing nations, rather than making big headline pledges and announcements, investment industry professionals tell ESG Clarity they are looking to get down to the nitty-gritty, as long as a stable policy environment can be facilitated. Read more: https://bit.ly/3goR5cQ
?Sustainability Rules: The European Union sought to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after warnings from regulators over fragmenting capital markets. The EU is finalizing mandatory environment, social, and governance (ESG) disclosures for about 50,000 companies across the bloc to help stop 'greenwashing' or exaggerated climate-friendly claims to attract investors. Read more: https://bit.ly/3TSFm3J
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?Sustainable Materials: Fashion and brand design company H&M Group announced a series of funding initiatives aimed at decarbonizing its value chain, including support for suppliers to shift to clean energy and improve energy efficiency. The company said that it has implemented an annual budget of around SEK 3 billion (US$287 million) for projects to reduce emissions across the value chain. Targeted areas of investment will include phasing out coal and increasing the share of sustainable materials. Read more: https://bit.ly/3i2fjd2
?COP27: As countries gathered to renew their commitment to fighting the impact of climate change at the COP27 Summit in Egypt, Türkiye took upon the challenge and updated emission reduction plans. Under Türkiye’s new plan to help tackle climate change, it has nearly doubled the key metric of its nationally determined contribution (NDC) target to 41%, the country's environment minister announced on Tuesday. Read more: https://bit.ly/3V7ev50
?Digitalisation: As the world seeks to reduce emissions, manufacturing companies are looking for ways they can play their part and are finding the answer in digitalization. Any meaningful emissions reduction plan must take the industrial sector into account as one-third of global emissions come from manufacturing. Noting the scale of the problem, manufacturing leaders have set bold goals to reduce emissions in the coming years. Read more: https://bit.ly/3hLZUNZ
?Sustainability Bond: Bank of America announced the issuance of its third Equality Progress Sustainability Bond (EPSB) for $2 billion. The use of proceeds from the bond offering is designed to advance racial and gender equality, economic opportunity, and environmental sustainability. This transaction marks the second offering following the publication of Bank of America’s ESG-themed Issuance Framework last year, aligning with the company’s leadership in sustainable finance and goal of mobilizing and scaling capital deployment to help advance the UN SDGs. Read more: https://bit.ly/3Vae9L1
?Sustainable Electronics: Logitech recently launched The Future Positive Challenge, a technology, and engineering challenge for disruptors who have the desire to make a meaningful contribution to a positive future. Companies with breakthrough, next-generation materials, components, and processes to accelerate sustainable engineering and design challenges in consumer electronics are encouraged to apply. Read more: https://bit.ly/3Vfjl0j
A Sustainable World is possible! ??
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