Tag: ESG

Asda publishes latest Environmental, Social and Governance (ESG) report

Stuart Mitchell

Asda has published its 2023 Brighter Living Report – its fourth report updating on the progress made towards its Environmental, Social and Governance (ESG) targets in the last calendar year.   Key updates from the report include:  Carbon  Continued reduction in carbon emissions (scope 1-3), down 7% on 2022 and 15% since Asda first began reporting its full carbon footprint in 2020.  To drive further reductions, Asda’s highest carbon impact suppliers* are now required to share sustainability progress through the EcoVadis data-sharing and assessment platform.  Packaging   Increased the proportion of own-brand…

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Triodos Bank UK wins inaugural ESG award for groundbreaking work with Oxygen Conservation

Stuart Mitchell

Triodos Bank UK has been awarded the inaugural Environmental, Social and Governance Deal of the Year award at this year’s Insider South West Dealmakers Awards for its pioneering conservation-focused debt package to Oxygen Conservation. Announced in April 2023, the £20.55m loan has allowed Oxygen Conservation to acquire 23,000 acres in Scotland, marking a significant step forward in its commitment to scale conservation across the UK. The loan is believed to be the largest conservation-focused commercial debt package in the UK to date. Organised by the publishers of South West Business…

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Asda announces its first external ESG rating

Stuart Mitchell

Asda is pleased to have received its first external assessment of its ESG strategy by the financial services ratings’ agency Sustainable Fitch as part of the business’ ongoing commitment to transparently report on its efforts to achieve its ESG targets. In the first rating of its kind for the business, Asda received an entity rating of 3 (1 = excellent, 5 = poor) which Sustainable Fitch notes reflects ‘Asda’s progressive effort to integrate ESG considerations into its business strategy’ and provides a solid foundation from which to progress. The business…

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The Home Depot Publishes ESG Report, Announces New Goals To Reduce Carbon Emissions, Invests More Training in Frontline Associates and Leaders

Stuart Mitchell

The Home Depot recently released its 2023 ESG Report. The report provides details on the company’s progress on its environmental, social and governance (ESG) pillars: Focus on our People, Operate Sustainably and Strengthen our Communities. This year, the company achieved several of its ESG goals and set new ones to benefit its associates, customers, communities and the planet. “Since the company’s inception, we have invested in running a responsible, sustainable company because it makes our business stronger, more agile, and more resilient,” said Ted Decker, chair, president and CEO of…

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Cynicism from within tarnishes UK plc ESG efforts

Stuart Mitchell

Cynicism about UK businesses and their Environmental, Social and Governance (ESG) initiatives runs deep amongst employees. Research finds that there is a deep disconnect between what companies do and how they communicate progress, leaving many employees unconvinced.   One in three believe that their organisation is ‘all talk and no action’ when it comes to environmental (32%) and social initiatives (37%)  Two in five (43%) describe their employer’s environmental efforts as nothing more than a tick-box exercise with 37% saying the same about social diversity and inclusion programmes  One in four (22%) think…

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