Business plans: ExxonMobil, M&S and Apple
- Retail and wholesale ,
- Electronics ,
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- Arts, entertainment and recreation ,
- Natural resources
the environmentalist gives a round up of environment management news from companies including Apple, BAFTA and ExxonMobil
US oil and gas giant ExxonMobil is to publish information on the risks that stricter limits on carbon emissions would pose for its business. A shareholder resolution seeking disclosure of potential stranded assets has now been withdrawn after the company agreed to publish online a carbon asset risk report, describing how the firm assesses the risk of stranded assets from climate change.
Apple chief executive Tim Cook, meanwhile, warned shareholders that the technology company would resist demands to drop environmentally friendly practices if they became unprofitable. “Cook made it very clear to me that if I, or any other investor, was more concerned with return on investment than reducing carbon dioxide emissions, my investment is no longer welcome at Apple,” said Justin Danhof, from the conservative National Centre for Public Policy Research.
In the UK, the British Academy of Film and Television Arts and software company Greenstone are to redevelop the industry’s carbon calculator, called Albert. Greenstone will redevelop Albert to improve its usability and analytical functionality.
Multinational consumer goods business Unilever has issued its first “green sustainability” bond, the first of its kind on the sterling market. Worth £250 million, it will finance projects linked to the company’s sustainability ambitions, focusing specifically on reducing CO2 emissions, water consumption and waste generation from its operations.
Software company SAP has announced that it plans to use only renewable energy to power its data centres around the world. “Committing to 100% renewable electricity in our data centres and facilities is a natural consequence of our business model shift into the cloud,” said Peter Graf, chief sustainability officer at SAP. The firm’s latest integrated report reveals that its data centres consumed 173 GWh of energy in 2013, up 8% on 2012.
Demand for fossil fuels will peak by 2025 if all national net-zero pledges are implemented in full and on time, the International Energy Agency (IEA) has forecast.
The Green Homes Grant is set to deliver only a fraction of the jobs and improvements intended, leading to calls for more involvement from local authorities in future schemes.
COVID-19 recovery packages have largely focused on protecting, rather than transforming, existing industries, and have been a “lost opportunity” for speeding up the global energy transition.
Half of the world's 40 largest listed oil and gas companies will have to slash their production by at least 50% by the 2030s to align with the goals of the Paris Agreement, new analysis has found.
None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.
The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.
Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.