The textiles industry is out of fashion with failure to link executive pay with sustainability performance.
Decarbonisation is a business imperative for companies looking to remain competitive in the long term. As such, organisations must develop a clear understanding of their current carbon footprint and devise strategies for reducing and ultimately eliminating their emissions. According to the Science Based Targets initiative (SBTi) this ‘climate transition process’ has set over 1,600 companies on a 30-year journey to Net Zero. Planet Tracker, has developed a disclosure assessment template which can be used by investors and lenders to determine the credibility of a company’s climate transition plan.
PepsiCo’s transition plan fails to align the company with its goal of a 1.5°C pathway by 2030
PepsiCo could be exposed to USD 4.4 billion of climate related risk per year, by the end of the decade , on its current emissions trajectory. The food and beverage giant fails to disclose the material financial impact associated with potential Carbon Pricing Mechanisms (CPMs) linked to its Scope 3 emissions, despite these accounting for more than 90% of the company’s overall emissions by 2030.
40 financial institutions are responsible for funding a methane footprint that could exceed 500 Mt CO2e.
Hot Money names the 20 investors and 20 banks currently financing the methane-generating activities of fifteen leading meat and dairy companies worldwide, identified in terms of equity ownership, bond ownership and bank lending.
Textile industry shareholder meetings need increased focus on Environmental proposals. Of the 1,198 ESG proposals submitted to the annual shareholder meetings of retailers in the Planet Tracker universe since 2015, only 2% were environmental proposals. Key industry issues, such as fibre mix are not raised in shareholder meetings.
Textile industry shareholder meetings need increased focus on Environmental proposals.
Coca-Cola close to climate progress but still missing the 1.5°C mark.
Although The Coca-Cola Company (Coca-Cola), has taken positive steps to promote sustainability practices, failure to disclose quantified mitigation actions and the required investment, as well as the lack of an overall Net Zero commitment, could cause it to miss the crucial 1.5°C alignment by 2030.
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