In connection with COP25, Inter IKEA Group announces the decision to invest 200 million euros to speed up the transformation to become a climate positive business. The investment will focus on two portfolios – one to transform the IKEA supply chain into using renewable energy, and one to remove carbon from the atmosphere through reforestation, restoration of degraded forests and better forest management practices. More than half of the IKEA climate footprint comes from materials in the products and production. “Our ambition is to reduce more greenhouse gas emissions in…
Read MoreYear: 2019
BNP Paribas announces a timeframe for a complete coal exit and raises its financing targets for renewable energies
As a corporate bank, BNP Paribas has been supporting electricity producers through-out the world for decades. Facing the climate emergency, the Bank plans to encourage the transition of these players to a production model with the lowest possible CO2 emissions. In 2015, BNP Paribas committed to accelerate the energy transition by aligning its financing and investment activities with the conclusions of the Paris agreement. Since then, the Bank has regularly changed its customer support policies and stopped financing for certain categories of companies that are not engaged in a transition. As a…
Read MoreWorld Bank and Credit Suisse partner to focus attention on sustainable use of oceans and coastal areas – the “Blue Economy”
The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) issued a USD 28.6 million 5-year Sustainable Development Bond as part of ongoing efforts to raise awareness for the vital role fresh and saltwater resources play for people, livelihoods, and the planet. Credit Suisse Securities (Europe) Ltd., through its Impact Advisory and Finance Department, acted as the sole manager of the transaction. World Bank bonds support the financing of sustainable development projects and programs across a range of critical development sectors in member countries. This includes projects…
Read MoreCondé Nast unveils new global sustainability initiatives
Condé Nast is announcing its global pledge to act and inspire climate action. Condé Nast becomes the first media company to sign the UN’s Fashion Industry Charter for Climate Action and to make packaging pledges as part of the Ellen MacArthur Foundation New Plastics Economy Global Commitment. Through these partnerships, new initiatives and clear targets of accountability, the company aims to drive higher standards and systemic change in addressing the world’s most critical issue, climate change. In addition to these partnerships, Condé Nast will use the influence of its brands,…
Read MoreWhitbread announce industry-leading plastics pledge
Premier Inn owner Whitbread announces an industry-leading ambition to eliminate the use of unnecessary single-use plastics by 2025. To achieve the ambitious target Whitbread, which operates hundreds of restaurants in addition to the UK’s biggest hotel company, is carrying out a root and branch review of plastic and packaging across its supply chain. To achieve its commitment, believed to be the most far-reaching in the hotel industry to date, it will work closely with its suppliers to forensically map out plastic usage and find alternatives to unnecessary single-use items. Whitbread…
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