Food, beverage manufacturers hit “reset” on alt protein, invest $9.5bn in ESG projects in 2022

Read the full story at Food Navigator USA.

As food and beverage companies look to allocate capital in the coming year, many food and beverage manufacturers are taking a moment to reflect on how best to move forward with alternative meat production while investing heavily in ESG-related infrastructure to clean up their supply chains, Randy Godet, VP of research for Industrial Info Resources, shared in a recent webinar.

Amazon, Yum and RBI shareholders vote against proposals about plastic packaging use

Read the full story at Packaging Dive.

Shareholders at Amazon, Yum Brands and Restaurant Brands International recently rejected proposals that requested the companies report on their plastic packaging use and reduction plans.

At Amazon’s May 24 meeting, 32.3% of votes (excluding abstentions and broker non-votes) backed a resolution supported by shareholder advocacy nonprofit As You Sow that said the e-commerce giant was “falling behind” plastic reduction targets set by other major companies such as Unilever, Walmart, Target and Ikea. A related shareholder resolution also didn’t pass at the company’s annual meeting last year.

Moving from corporate responsibility to impact

Read the full story at GreenBiz.

ESG and the impact economy are changing corporate responsibility forever. Here’s how.

Mars completes $2.5bn sustainability bond offering

Read the full story from FoodBev.

Mars Incorporated has completed a $2.5 billion bond offering as part of its efforts to tackle global environmental issues.

The bond offering consists of a new $500 million sustainability bond that will fund projects for its ‘Sustainable in a Generation Plan’ (SiGP).

Why CSOs have ‘influence with authority’

Read the full story at GreenBiz.

What kind of authority does a chief sustainability officer actually have? More than you’d imagine.

The link between business value creation and ESG

Read the full story at GreenBiz.

A new report from Bain & Co. and EcoVadis connects sound ESG management across supply chains with better margins.

Amazon shareholders can hold the company accountable for its plastic pollution. Will they?

Read the full story at Fast Company.

For too long, the ever-growing deluge of Amazon plastic packaging has been swept under the proverbial rug. Unlike Target and Wal-Mart, the company’s major competitors, Amazon has resisted globally addressing its plastic packaging footprint. This could all change soon, at the company’s annual meeting on May 24, if major investors call on Amazon to finally report and act on its plastic waste.

How robust procurement practices support sustainability objectives

Read the full story at Acceleration Economy.

In a previous analysis, I laid out reasons why sustainability should be a priority for every chief procurement officer (CPO). Now, I’d like to focus a bit on how procurement can make a positive impact on sustainability. Taking just a few measures can set the right foundation for a meaningful program that helps your organization meet its goals in this area.

Apple expands innovative Restore Fund for carbon removal

Read the news release.

A new fund with Climate Asset Management adds another option for securing high-impact, scalable, nature-based carbon removal offsets

Over 70% of businesses view ESG as a revenue enabler: IBM study

Read the full story at ESG Today.

The argument that ESG harms profitability is “more than a myth—it’s misinformation that leads to poor business decision-making,” according to a new study released by IBM, which found that more than 70% of executives view ESG as a revenue enabler, and that consumers increasingly focus on companies’ sustainability performance when making purchasing and employment decisions.

For the new study, The ESG ultimatum: Profit or perish, IBM’s Institute for Business Value (IBV) analyzed results from a survey of more than 20,000 consumers about their attitudes toward sustainability and social responsibility, as well as a survey of 2,500 executives across 22 industries and 34 countries regarding their ESG strategy, approach, and operationalization, expected benefits and business objectives considerations. The study also segmented businesses according to ESG maturity to compare relative performance.