Business Watch: May
Keeping tabs on what's going on with businesses and the environment.
Siemens and Uniper sign 'green hydrogen' agreement
Automation firm Siemens and energy company Uniper have agreed to work together to decarbonise their supply chains and produce and use 'green hydrogen' from renewable sources. This will see Uniper's gas turbines, storage facilities and coal plants assessed for hydrogen use after it announced it would close or convert its German coal-fired power plants by 2025 at the latest.
“Together, we are working to use of hydrogen on a large scale and to make this clear to the world: our future lies in hydrogen,“ said Siemens Energy executive board member Jochen Eickholt.
H&M hits collection target one year early
H&M collected 29,005 tonnes of used garments in 2019 though its network of take-back points last year – an increase of 40% from 2018 – reaching its goal of 25,000 tonnes annually a year early. It also announced it will no longer source conventional cotton after achieving 97% recycled or sustainably sourced cotton last year.
The company revealed that 57% of its materials were either recycled or sourced in a more sustainable way in 2019, taking steps towards its 100% goal for 2030.
AECOM unveils science-based targets
AECOM has become the first US-based company in the engineering and construction sector to have emission reduction targets approved by the Science Based Targets initiative (SBTi). Designed to meet the goals of the Paris Agreement, these targets include a 20% reduction in scope 1 and 2 emissions, and a 10% reduction in supply chain emissions by 2025 compared to the firm's 2018 baseline.
“Business resilience and continuity are at the forefront of what we do and how we operate so that we can help deliver a better world,“ said AECOM chairman Michael S. Burke.
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