Author: James Bourne

Cristina Raventós, Almirall’s Global Sustainability Senior Manager, discusses the pharmaceutical industry’s sustainability journey and how the company is driving positive change with their Act4Impact strategy. Tell me about your career to date, your journey into ESG/sustainability and your roles and responsibilities at Almirall? After a background in industrial engineering and environmental management for businesses, I began my professional career in 2010 in the sustainability consulting space, working in both the UK and Spain. During my time in consulting, I took on various roles, including managing the consultancy’s subsidiary in Spain. Over 11 years, I provided professional advisory services for sustainability…

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Financial services provider Moody’s is collaborating with investment data firm MSCI in a strategic partnership to ‘bring greater transparency on ESG and sustainability to markets.’ The two firms will be leveraging each other’s data, including MSCI’s ESG ratings and content, but does not impact the former’s credit rating agency, Moody’s Ratings. MSCI will gain access to Moody’s Orbis database, with data on more than 500 million entities, while Moody’s will leverage MSCI’s sustainability data and models. Both companies will also ‘explore solutions that leverage Moody’s private company data and credit scoring models to provide greater insight into the private credit…

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Google says its recently published 2024 environmental report showcases its efforts into harnessing technology, particularly AI, to ‘drive positive environmental change and operate [its] business sustainably.’ Yet the company’s total greenhouse gas (GHG) emissions have risen by 13% year on year, marking an overall increase for every year since 2020. The uptick to 14.3 million tonnes of carbon dioxide equivalent (tCO2e), a 48% increase compared to Google’s 2019 target base year, was ‘primarily’ down to increases in data centre energy consumption and supply chain emissions, the company said. What is causing this greater consumption? “As we further integrate AI into…

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Hannah Scott, CEO of Oxfordshire Greentech and co-founder of Climate Tech SuperCluster, talks to Sustainability News about her journey from project manager to chief executive – and from sustainability to climate tech – as well as exciting Oxford startups Even though CEO is Hannah Scott’s official title, perhaps her term of ‘network leader’ is equally appropriate. Oxfordshire Greentech, which Scott runs, brings businesses and organisations together to ‘encourage innovation, collaboration and knowledge transfer, to facilitate the transition towards a sustainable, low carbon future in Oxfordshire and the world’, in the company’s own words. At its heart, it’s a matchmaking service.…

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Schneider Electric has taken top honours in an inaugural ranking by TIME and Statista on the 500 companies ‘doing best for Earth.’ The ‘rigorous’ four-step methodology ruled out companies involved in non-sustainable industries, such as fossil fuels or deforestation, before assessing on external sustainability ratings, availability and quality of sustainability reports, and the effectiveness of environmental and social KPIs (key performance indicators). Schneider Electric finished on top with an overall score of 88.86 out of 100. The French energy management provider has received a climate score of ‘A’ from the CDP – formerly the Carbon Disclosure Project – for the…

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Neustark, a Switzerland-headquartered carbon removal provider, has secured $69 million (£54.4m) in funding to help ‘rapid’ scale-up in the carbon dioxide removal (CDR) market. The company’s solution ‘allows the durable removal of carbon dioxide from the atmosphere’, as the company puts it. This involves capturing CO2 at point source, then binding it in mineral waste streams via an accelerated mineralisation process. Neustark claims that its CDR is ‘permanent, verified and measurable.’ The process involves capturing CO2 from partnering biogas plants, before being liquified and transported to construction waste recycling sites. The CO2 is then injected into concrete granulates from demolished…

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Amsterdam has been named the most sustainable city on the planet by Arcadis – amid a stark warning that cities have only 2,000 days to achieve critical sustainability goals. The findings appear in the design and consultancy firm’s latest Sustainable Cities Index, in which major European cities vastly outperformed their American and Asian counterparts. Amsterdam took the top spot ahead of its counterpart Rotterdam, with Copenhagen taking the bronze medal. European cities exclusively made up the top 10, with Seoul (#11) the best placed non-European city. Perth (#25) and San Francisco (#35) were the best placed cities in Australasia and…

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With the UK general election set for July 4 and all major parties having now released their manifestos, Sustainability News outlines – in alphabetical order – how each is shaping up in terms of environmental policies. Conservatives The Conservative Party has set out its plan for what it calls an ‘affordable and pragmatic transition’ to net zero, with the party ‘remain[ing] committed to delivering net zero by 2050.’ Among the party’s pledges are to treble offshore wind capacity, build the first two carbon capture and storage (CCS) clusters and progress the second tranche of projects, as well as invest £1.1bn…

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low carbon ESG

ESG software-as-a-service provider Workiva has announced the launch of Workiva Carbon, which gives a greater focus to carbon accounting, carbon management, and decarbonisation. The new offering, part of Workiva’s ESG and Sustainability Platform, aims to ‘simplify the management of net zero targets’ to help organisations ‘respond to stakeholder demands for transparency and better compete in the global economy’, as the company put it. There are four primary use cases to Workiva Carbon; measurement, management, collaboration, and reporting. For measurement and management, companies can collect real-time data from their ERP (enterprise resource planning) platforms and track greenhouse gas emissions across facilities…

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A new survey from PwC has found that reporting under the EU’s Corporate Sustainability Reporting Directive (CSRD) will bring ‘tangible business benefits’ – but environmental performance and risk mitigation are the most pronounced so far. The company’s first Global CSRD Survey, which polled 547 executives and senior professionals across more than 30 countries and territories, found organisations see various upsides in CSRD implementation. More than half (51%) of those polled cited better environmental performance, ahead of improved engagement with internal and external stakeholders (49%), risk mitigation (48%), and better social performance (42%). In contrast, more financial-centric benefits lagged behind. Access…

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