In a letter sent to Canadian Prime Minister Mark Carney, the global sustainability nonprofit Ceres urged the new leader to support a forward-looking policy agenda for a cleaner, more resilient and investable economy. Ceres supports North American investors in addressing material financial risks and opportunities associated with climate change and other sustainability issues, who seek policy environments that support stable and sustainable economic growth. Nineteen Canadian investors representing $1.7 trillion in assets under management participate in the Ceres Investor Network of nearly 200 investors that includes many of the…
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Vattenfall in pilot project with 200 electrical Volkswagen cars
Electricity usage in Sweden is expected to increase over the next 20 years, while the share of weather-dependent electricity also rises. Bidirectional charging, storage, and fossil free electricity are parts of a pilot project aimed at using electricity more efficiently. For example, using the electrical vehicle’s battery for more than just driving. To meet the need for more electricity in combination with rapid changes in production and demand, ancillary services and smart control services are increasingly being used. Vattenfall, Energy Bank, and Scania Volkswagen Dealers are now launching a pilot…
SHEIN’s Science-Based Net-Zero Target is Approved by SBTi
Fast fashion retailer Shein’s parent company has had its new emissions reduction targets verified by the Science Based Targets initiative (SBTi). It set out some of its plans to cut Scope 3 emissions on their website here. As a global online fashion and lifestyle retailer, we have reached a milestone in our climate journey with the Science Based Targets initiative (SBTi) validating our net-zero science-based target by 2050 and approving our near and long-term science-based emissions reduction targets. Our climate targets have been validated to conform with the SBTi Net-Zero…
CCLA’s first global modern slavery benchmark exposes corporate reliance on policy over practice
CCLA has announced the launch of its inaugural Global Modern Slavery Benchmark Pilot to evaluate how global companies combat modern slavery in their operations and supply chains. The pilot benchmark assesses the efforts of the 100 largest globally listed companies by market capitalisation that provide goods or services within the UK and are therefore subject to the UK Modern Slavery Act . As the UK marks the 10-year anniversary of its landmark Modern Slavery Act 2015, the benchmark assesses corporate performance against UK statutory requirements, government guidance, and international human…
Amazon retail media ad revenue to exceed $60bn this year as it becomes a leading platform for full-funnel activation
Unlike its Big Tech peers, Amazon’s advertising revenue claims only a small share of total company earnings. Paid search formats remain the core of Amazon’s ad offering, but the company has achieved incremental growth through upper-funnel ad spend and is seeing ad revenue, set to exceed $60bn in retail media alone this year, outpace its overall growth, finds WARC. Alex Brownsell, Head of Content, WARC Media, co-author of the report, says: “E-commerce giant Amazon offers more than retail media advertising—it’s quickly becoming a leading platform for full-funnel activation, with streaming…