Day: 6 July 2024

First-of-its-kind Supply Chain Carbon Footprint Calculator and Toolkit launches for Brewing and Hospitality

Stuart Mitchell

Zero Carbon Forum has launched a first-of-its-kind Corporate Carbon Calculator and Toolkit designed specifically for brewing and hospitality organisations with large estates, chains and franchises.   Already rolled out by Greene King Pub Partners, the leased, tenanted and franchise business unit of Greene King, to help their pub operators become more sustainable, the new, unique tool will help large operators with multiple sites, such as pubs, restaurants or hotels to understand and calculate their carbon footprint. An evolution of the forum’s original carbon calculator, it will identify key actions and practical…

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GRI and IFRS Foundation collaboration to deliver full interoperability that enables seamless sustainability reporting

Stuart Mitchell

The IFRS Foundation and the Global Reporting Initiative (GRI) are deepening their working relationship, building upon the Memorandum of Understanding signed in 2022. This collaboration seeks to provide a seamless, global and comprehensive sustainability reporting system for companies looking to meet the information needs of both investors and a broader range of stakeholders. The increased collaboration will optimize how GRI and ISSB Standards can be used together to facilitate reporting on an organization’s impacts, risks and opportunities, including risks that arise from the organization’s impacts. The International Sustainability Standards Board…

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Magna Commits to Achieve Net-Zero by 2050

Stuart Mitchell

Magna is taking a significant step forward in its commitment to sustainability and environmental stewardship by submitting net-zero emissions targets for validation by the Science Based Targets initiative (SBTi), the widely-accepted benchmark for decarbonization targets in line with the Paris Climate Agreement. The company’s goal is to achieve net-zero emissions status by 2050, and meet its near-term Scope 1, 2 and 3 targets by 2030. Magna targets 100% renewable electricity use in Europe by 2025, globally by 2030 “Magna has focused on creating a better world of mobility, and the…

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Whitbread PLC joins Zero Carbon Forum

Stuart Mitchell

Whitbread PLC, the leading hospitality company and owner of Premier Inn, the UK’s largest hotel brand, is the latest member to collaborate with Zero Carbon Forum on its journey to achieving net zero in hospitality. The PLC, which operates a vertically integrated model combining the ownership of property and operation of hotels and restaurants has made a commitment to reduce operational emissions through its ‘Force for Good’ programme. Split into three pillars, Opportunity, Community and Responsibility, the programme aims to ensure positive impact on all stakeholders and communities. Gaining SBTi…

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Zopa enters £23 billion renewable energy market with Octopus Energy deal

Stuart Mitchell

Zopa Bank has entered the UK’s £23 billion renewable energy market, making its suite of fully regulated BNPL and retail finance products available to Octopus Energy customers across the UK. The deal will see Zopa finance the purchase and installation of Octopus solar panels for the energy giant’s millions of UK customers, spread out in up to 84 installments over 7 years. Octopus is the UK’s largest electricity supplier. Climate change and high energy bills have increasingly encouraged households to turn to solar energy as a cheap, renewable source of…

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