Month: March 2022

New Ceres guidance aims to help investors cut through the confusion about corporate net-zero commitments and carbon credits

Stuart Mitchell

As net-zero commitments both grow in popularity as well as come under increasing scrutiny, Ceres has released critical guidance to help investors assess the integrity of corporate net-zero commitments and companies’ use of carbon credits to deliver on those commitments.  The global attention to the net-zero concept has mobilized companies to make commitments, with 34% of the world’s 2,000 largest publicly traded companies having made net zero commitments, according to February 2022 data from the Net Zero Tracker.  Despite this progress, current projections for global emissions reductions are not enough…

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Kraft Heinz and TheNotCompany Create Partnership to Accelerate AI-Driven Plant-Based Innovation Globally

Stuart Mitchell

The Kraft Heinz Company and leading food tech start-up TheNotCompany, Inc. have announced a joint venture designed to reimagine global food production and advance toward a more sustainable future. The joint venture, which will operate under the control of Kraft Heinz as The Kraft Heinz Not Company LLC, will leverage the inherent strengths of both companies. NotCo brings its patented, first-of-its-kind technology and proven artificial intelligence (AI) solutions, while Kraft Heinz offers its iconic brand portfolio and scale, to develop superior plant-based versions of co-branded products at a level of…

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Tesco launches sustainability-linked bond of £400m

Stuart Mitchell

Tesco has launched its second sustainability-linked bond linked to the Company’s commitment to reduce greenhouse gas emissions. Tesco was the first business globally to set a zero-carbon goal in 2009 and later the first FTSE 100 Company to set science-based carbon reduction targets on a 1.5-degree trajectory. The launch of a second sustainability-linked bond further demonstrates the strength of our commitment to reduce our impact on the environment by reaching our target of reducing GHG emissions by 60% by 2025 (against a 2015/16 baseline). The sterling bond has a coupon…

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WFA calls on brands to reconsider media spend in Russia

Stuart Mitchell

WFA expresses its horror at the needless human suffering caused by Russia’s unprovoked invasion of Ukraine. The thoughts of the entire organisation and our membership are with the victims. Many of our members have businesses in both countries and are rightly prioritising the safety and wellbeing of their people. WFA has conducted a poll amongst its members to understand multinationals’ responses in relation to their media and marketing investment in Russia. Of the 31 global brand owners representing $43bn in global ad spend who responded, three in four have reallocated,…

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‘People Make Glasgow’ Creators Believe Design Can Help City With Homelessness And Sustainability

Stuart Mitchell

THE award-winning creative studio behind the iconic ‘People Make Glasgow’ brand is now putting its skills towards tackling two of the biggest issues facing the city – homelessness and sustainability.  Tangent has been recruited by Sustainable Glasgow, a partnership formed by leading organisations from the commercial, academic and charity sectors, alongside local government, to create a brand that showcases Glasgow’s ambitions to become the UK’s first carbon neutral city by 2030.  Meanwhile, the firm is working with the Alliance to End Homelessness in its bid to eradicate rough sleeping in…

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