Read the full story from Environment + Energy Leader.
Del Monte Foods has published its fiscal year 2021 Sustainability Report, highlighting, among other goals and commitments, trials on two new plant-based plastic alternatives for packaging.
Read the full story at ESG Today.
No longer an afterthought, Environmental, Social and Governance (ESG) metrics have moved from the margins to the mainstream.
Envizi recently conducted a study to take a pulse on how ESG reporting and performance is being tackled. We culled the 150 responses down to 96 respondents with roles in sustainability, ESG, finance and procurement, and the C-suite. The respondents represented a wide range of industries including manufacturing, commercial property and financial services.
Read the full story at GreenBiz.
A new report from Ceres, the nonprofit working with capital leaders to spur a sustainable economic future, found that even in the wake of a year of climate disasters, most of the major food brands are still not disclosing greenhouse gas emissions, reporting science-based targets or outlining progress towards those goals. The report, the Food Emissions 50 Company Benchmark, assessed the 50 largest food companies in North America, and the results were disappointing but not surprising.
Opferkuch, K., Caeiro, S., Salomone, R., & Ramos, T. B. (2021). Circular economy in corporate sustainability reporting: A review of organisational approaches. Business Strategy and the Environment, 1– 22. https://doi.org/10.1002/bse.2854 [open access]
Abstract: A growing commitment from companies to implement circular economy (CE) strategies demands the development of guidelines for consistent related external communication. The fields of non-financial reporting and sustainability are well established with numerous available international reporting frameworks and approaches; however, there is still an absence of standardised reporting principles and procedures for publishing progress on circularity. In this context, this article aims to explore how companies could include CE within their corporate sustainability reports, through an academic literature review and content analysis of existent reporting approaches. Results showed a clear disconnection between CE and sustainability reporting literature. Overall, only a few of the revised reporting approaches explicitly mention CE, and the guidance given to companies is very general, inconsistent and places the responsibility of selecting performance assessment approaches on the companies. The analysis contributes to identifying opportunities for transparent external communication of CE issues, as well as exploring the challenges and limitations.
IFAC’s new building blocks approach to reporting sustainability information enhances the previously issued roadmap, The Way Forward. With this new step, IFAC hopes to foster discussion on how this approach can deliver a global system for consistent, comparable, and assurable sustainability-related information that best meets the needs of investors and other stakeholders.
IFAC welcomes feedback on the building blocks approach and plans to engage with stakeholders at future IFAC events addressing the broader journey to an enhanced corporate reporting world.
Read the full story at ESG Today.
U.S. Secretary of the Treasury Janet Yellen expressed support today for sustainability reporting initiatives, including the TCFD climate reporting framework, and the IFRS initiative towards developing a climate disclosure standard.
Read the full story at Packaging Europe.
Procter & Gamble has shared an update on its progress towards its “Ambition 2030” goals, in which it has pledged to reduce virgin plastic usage by 50% and reach 100% recyclability or reusability by 2030.
This document links the United Nations Sustainable Development Goals (SDGs) with the Global Reporting Initiative’s standards to make it easier for companies to report show how their sustainability efforts are moving them toward meeting the SDGs.
Read the full story in GreenBiz.
The importance of corporate reporting is rising amid companies’ efforts to assess, quantify and communicate climate risk, various ESG metrics and progress toward net-zero and other goals.
Read the full story at Waste360.
It is impossible to ignore the multiple crises of 2020, and their impacts on our industry, as well as our reaction to the events of the year. And it is perfectly appropriate to highlight our response to these events in our sustainability reports.
As the result of this moment in time, many successful companies have catapulted their employee and community programs to the same level as their environmental programs. In doing so, these companies have highlighted their corporate leadership strength in the midst of a global crisis. They have exhibited their ability to lead, and to care for their employees and communities, while maintaining their commitment to the environment.