Day: 21 June 2023

New startups join the Amazon Sustainability Accelerator

Stuart Mitchell

Amazon research shows investors reward startups with a firm commitment to sustainability – with more than half of UK investors declining a startup investment opportunity in the last 12 months due to concerns about a company’s sustainability credentials. The news comes as eight startups from the UK are unveiled as participants in the second Amazon Sustainability Accelerator. UK venture capital and private equity investors say startups with strong sustainability credentials can command a 15% valuation premium, demonstrating the opportunity for entrepreneurs who are building more sustainable products and businesses. Startups…

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Lloyds Banking Group and Crisis announce new partnership

Stuart Mitchell

Lloyds Banking Group and homelessness charity Crisis have joined forces in a new two-year partnership to help tackle the shortage of good quality, affordable homes in Great Britain, which is leaving hundreds of thousands of people trapped in homelessness. Together, Lloyds Banking Group and Crisis are calling for one million new genuinely affordable homes to be built and made available to those on the lowest incomes, with a focus on supporting people at risk of, and experiencing homelessness. It is part of a Lloyds Banking Group UK-wide response to homelessness…

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Sonos Reports Progress Made Against Climate Action Plan, Restates Commitment to Product Longevity and Sustainability

Stuart Mitchell

Sonos recently released its annual Listen Better Report, offering a comprehensive overview of the company’s ESG efforts. Included in the Report are actions made against Sonos’ Climate Action Plan, introduced in 2021, which serves as a framework to drive the company to carbon neutrality by 2030 and net zero by 2040. “We are driven by the belief that Sonos should have a positive impact on the lives of our customers, communities and the world around us. Our Listen Better Report outlines how we’re bringing innovation and forward thinking to creating…

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Hershey Reduces Environmental Impact Across Its Value Chain

Stuart Mitchell

The Hershey Company is making measurable progress on its commitment to act on climate change. Recent initiatives include the launch of a third utility-scale solar project, energy and water optimization investments and continued progress addressing land use change. As stated in its 2021 ESG (Environmental, Social and Governance) Report, the candy and snack maker reduced its Scope 1 and 2 emissions by 48 percent and Scope 3 emissions by 18 percent against a 2018 baseline. As part of its science-based targets, Hershey aims to reduce Scope 1 and 2 emissions…

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Arcus FM launches Net Zero Pathway

Stuart Mitchell

The topic of environment and sustainability is nothing new in the facilities management sector and has been a hot topic for many years with companies launching a plethora of initiatives. The UN are now describing the climate crisis as a “code red for humanity”, and the universal aim to not allow temperatures to rise to more than 1.5°C above pre-industrial levels is being described as “still possible, but we are dangerously close to that threshold” by the Intergovernmental Panel on Climate Change. More concerted and all-encompassing actions are needed by…

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