Burberry links £300m loan to sustainability targets
Luxury fashion giant Burberry has agreed to refinance its Revolving Credit Facility (RCF) to link a £300m loan to the performance of its sustainability targets, including a headline goal of becoming climate positive by 2040.
Arla Foods doubles operational decarbonisation target to boost net-zero goal
Dairy giant Arla Foods is more than doubling an existing decarbonisation reduction plan of 30% across its operations to 63% by 2030, as part of approved science-based targets that will help the business reach net-zero by 2050.
Real estate giant CDL strengthens science-based emissions goals in line with 1.5C
After setting a 2030 net-zero target, City Developments Limited (CDL) has set stricter emissions reductions targets and had them verified in line with 1.5C by the Science-Based Targets Initiative (SBTi).
Willmott Dixon: In 2022, we must move from talk to action on net-zero and the just transition
EXCLUSIVE: Willmott Dixon's chief sustainability officer Julia Barrett is urging peers to frame the recent COP26 talks and the growing corporate net-zero movement as "the end of the beginning", with the bulk of the delivery - the most important aspect - still to come.
Online retail giant Alibaba targets carbon-neutral operations by 2030
E-commerce major Alibaba has pledged to achieve carbon-neutrality for its direct (Scope 1) and power-related (Scope 2) emissions by the end of the decade and signalled its intention to develop science-based climate targets in line with 1.5C.
Unite Students outlines pathway to net-zero by 2030
The UK's largest provider of student accommodation has published its plans for reaching net-zero operations and construction by 2030 - an ambition first announced this March.
M&S links £850m loan to net-zero targets
M&S has signed a new £850m revolving credit facility (RCF) with BNP Paribas that will offer discounted interest rates based on performance against four key areas of the retailer's net-zero strategy.
Music industry giants to plot joint course to net-zero
Sony, Universal and Warner are among the major record labels to have signed up to a new music industry pact to reach net-zero by 2050 and reduce their climate impacts in line with science in the interim.
Epson outlines €770m investment plan to accelerate sustainability action
Multinational electronics firm Epson has pledged to set 1.5C-aligned climate targets and source 100% renewable energy for operations by 2023, as part of an updated sustainability strategy backed with €770m of investment.
Net-Zero Business podcast: Princes' journey to carbon neutrality and spotlight on beyond-supply energy options
In response to the accelerated pace at which corporates are examining and setting net-zero targets to help alleviate the climate crisis, edie's monthly Net-Zero Business podcast was created. Up next, we talk low-carbon food and drink with Princes and business energy solutions with EDF.
Only one in four UK suppliers regularly asked for climate data by end-user businesses, survey reveals
Despite an uptick in corporate commitments to net-zero supply chains, just 25% of the UK suppliers polled in a recent survey stated that their buyers routinely ask them for emissions information.
London's Natural History Museum to cut emissions by 60% within a decade
In what it claims is the first 1.5C-aligned science-based emissions reductions target from a museum, the Natural History Museum has announced a new aim for a 60% reduction in carbon emissions by 2031.
Landsec outlines £135m net-zero investment plans as Sir Robert McAlpine announces next decarbonisation steps
In positive moves towards a low-carbon built environment sector in the UK, property developer Landsec has published a multi-million-pound investment scheme to support the delivery of science-based emissions targets, while construction and engineering firm Sir Robert McAlpine has pledged to develop 1.5C-aligned targets.
Tackling Scope 3 emissions: New initiative launched to help businesses achieve net-zero value chains
In recognition of the fact that indirect (Scope 3) emissions typically account for the bulk of a business's climate footprint, a new initiative has been launched to help firms of all sizes and sectors measure and reduce them in line with climate science.
Survey: Two-thirds of UK firms with net-zero targets don't have the data to support delivery
Just 35% of UK-based businesses with net-zero targets have collected their emissions baseline data and prepared to measure emissions going forward, a new survey has found.
Retail giants launch Race to Zero accelerator to get more businesses targeting net-zero
Some of the biggest brands in the retail industry have launched a new accelerator pledge, urging other businesses in the sector to sign up to the UN's Race to Zero campaign and set and achieve 1.5C-aligned carbon reduction targets.
Paul Polman on moving from 'blah, blah, blah' to 'action, action, action' in COP26 week 2
Former Unilever CEO Paul Polman has spoken to edie about the need to translate the 'tremendous' national announcements made so far at COP26 into transformative industry action, as we enter a crucial second week of the climate summit.
Your ambitions should be higher: Accelerating the journey to net-zero
EXCLUSIVE: COP26 President Alok Sharma has penned a joint op-ed with Tara McGeehan, President of CGI UK and Australia, for edie; discussing how policy and business can work in unison to accelerate climate action.
Nicola Sturgeon calls on non-state actors to 'keep making life uncomfortable' for nations lagging on climate
First Minister Nicola Sturgeon has told COP26 attendees that "frankly, no climate pledges are being kept" at the moment, urging business leaders and others to keep the pressure on world leaders at the summit and beyond.
John Lewis links £420m loan to net-zero target
The John Lewis Partnership has signed a five-year revolving credit facility worth £420m that will be linked to environmental targets such as the retailer's effort to reach net-zero emissions by 2035.
Science Based Targets initiative launches net-zero standard for corporates
The Science Based Targets initiative (SBTi) has today (28 October) unveiled the world's first standard for corporate net-zero emissions aligned to climate science.
Net-zero guidance launched for financial institutions and pension providers
Ahead of the G20 Summit in Rome this weekend, the UN Environment Programme Finance Initiative (UNEP FI) has published a set of recommendations for financial institutions to reach net-zero, while a net-zero transition plan has also been published for pension providers.
Just 41% of UK businesses prepared to transition to net-zero by 2050, Microsoft research finds
Most UK businesses have "one foot in and one foot out" on sustainability, with more than half (59%) unprepared to meet the Government's legally binding 2050 net-zero target, new research covering almost 2,000 firms has found.
Sainsbury's brings net-zero target forward to 2035 for direct emissions
Sainsbury's is bringing forward its net-zero commitment for operational emissions from 2040 to 2035, claiming that "extensive investment and innovation" will enable more rapid decarbonisation.
Report: UK can still meet climate ambitions if all large businesses in set 1.5C science-based targets
Unless all large businesses in the UK draw up and implement plans decarbonise in line with the Paris Agreement's 1.5C trajectory within two years, the nation risks missing its long-term net-zero target.
Bupa targets net-zero emissions by 2040
International healthcare company Bupa has joined the UN's Race to Zero programme and has pledged to reach net-zero emissions by 2040.
Emissions reductions and offsetting enable EY to reach carbon-negative status
Professional services firm EY has announced that it a combination of decarbonising and offsetting now means that it removes more carbon than it emits.
BBC sets science-based targets to support 2030 net-zero goal
The BBC has announced plans to cut direct emissions by 46% by 2030, and indirect emissions by 28% within the same timeframe, before offsetting emissions to reach net-zero.
Sodexo targets net-zero value chain by 2045
Food and facilities service firm Sodexo has unveiled new climate commitments to reach net-zero by 2045, with a new interim target to reaching carbon-neutral operations also set for 2025.
John Lewis joins Race to Zero as work starts on 1.5C science-based targets
The John Lewis Partnership has appointed new climate specialists to oversee the development of science-based targets in line with the 1.5C pathway of the Paris Agreement, as the retailer builds towards its net-zero target for 2035.
How Salesforce became a net-zero business and what happens next
EXCLUSIVE: Last month, Salesforce announced it had become a net-zero business across its value chain. Here, edie explores how offsetting and location-based decarbonisation plans have created a unique road to combatting the climate crisis.
Mars targets net-zero value chain by 2050
Mars Incorporated has committed to reaching net-zero greenhouse gas emissions across its full value chain by 2050, building on an existing commitment to reach net-zero across operations by 2040.
McDonald's targets net-zero value chain globally by 2050
Fast-food giant McDonald's has set a 2050 global net-zero target covering operations and the supply chain, while its UK & Ireland business has set a more ambitious 2040 deadline.
Investors and lenders worth $29trn push corporates to align climate targets with science
High-emitting companies including Samsung, Hyundai, Tata Steel and Lufthansa are being urged by an influential coalition of financial institutions to increase the ambition of their climate targets.
Everything you may have missed: The sustainability success stories of Climate Week NYC 2021
As Climate Week NYC comes to a close, edie highlights the numerous new green commitments and announcements made by businesses.
Unilever outlines plans to halve supplier emissions by 2030
FMCG giant Unilever has outlined plans to help suppliers representing two-thirds of its upstream emissions to decarbonise in line with climate science.
Report: UK businesses only set to deliver one-third of emissions cuts needed for net-zero
A study of the decarbonisation plans of 17 of the UK's biggest sectors has found that most are recording either stable or increasing emissions, jeapordising the nation's chance of meeting net-zero by 2050.
Nomad Foods joins Race to Zero with pledge to cut supply chain emissions
Frozen food giant Nomad Foods has joined the UN's Race to Zero campaign, with a key focus on supporting its 75% most-emitting suppliers to develop their own science-based targets by 2025.
Low-carbon business: PwC and Silentnight announce science-based targets as Howden makes net-zero pledge
'Big Four' accounting firm PwC has had its climate targets validated by the Science Based Targets Initiative (SBTi), while bed brand Silentnight has committed to develop SBTi-approved targets within 24 months.
Stagecoach calls for transport policy overhaul as part of carbon-neutral roadmap
Transport group Stagecoach has unveiled a new roadmap to becoming a carbon-neutral business by 2050, while also calling for the UK Government to fix "contradictory policies" associated with the transport sector and the need to reach net-zero emissions.
5 key corporate net-zero considerations based on the latest IPCC report
The Intergovernmental Panel on Climate Change (IPCC) has issued a report warning that irreversible and unprecedented changes to the planet are being caused by the climate crisis. Here, edie summarises how businesses should respond to the warnings in the new landmark report.
Kingspan Group and Royal DSM get seal of approval for science-based climate commitments
Building materials manufacturer Kingspan has pledged to cut operational emissions by 90% this decade, while Royal DSM has pledged a 50% cut within the same timeframe, under newly-approved science-based climate targets.
Sky powered by 100% renewables globally
Broadcaster Sky is now powered by 100% renewable electricity across its entire operations, meeting a commitment to the RE100 initiative and building towards its net-zero target for 2030.
Dixons Carphone and Dassault Systèmes unveil new science-based climate targets
Technology retailer Dixons Carphone and software giant Dassault Systèmes have had updated climate targets approved in line with the Paris Agreement's 1.5C trajectory by the Science Based Targets Initiative (SBTi).
Cranswick to halve emissions by 2030 under new 1.5C science-based targets
Cranswick has achieved verification from the Science Based Targets Initiative (SBTi) for new climate targets that will require the firm to halve emissions by the end of the decade.
Prysmian Group eyes net-zero emissions between 2035 and 2040
The world's largest supplier of cables to the energy and telecoms sectors, Prysmian Group, has pledged to reach net-zero for its global operations between 2035 and 2040, and a net-zero global value chain by 2050.
SBTi to increase minimum target-setting requirements to 1.5C
The Science Based Targets initiative (SBTi) is updating its strategic approach to increase the minimum ambition for corporate climate action from "well below 2C" to 1.5C above pre-industrial levels, as envisioned by the Paris Agreement.
Grosvenor joins Race to Zero campaign
Property developer Grosvenor Britain & Ireland has joined the Race to Zero initiative, joining thousands of other businesses striving to achieve an overarching goal of halving emissions by 2030 and reaching net-zero by 2050 at the latest.
Western Power Distribution targets net-zero emissions by 2028
Western Power Distribution (WPD) has outlined plans to reach net-zero emissions for its operations by 2028, as part of a new environment strategy that aims to convert its commercial fleet to low-carbon vehicles in the same timeframe.
Target pledges to reach net-zero and become a 'circular' business by 2040
US retail giant Target has outlined a sweeping new sustainability vision through to 2040, including commitments to net-zero emissions and eliminating waste.
Addo Food Group targets net-zero emissions by 2035
The owner of food brands such as Wall's, Bowyers and Pork Farms has announced its intention to reach net-zero emissions by 2035 by setting science-based targets across its whole value chain in line with the 1.5C ambition of the Paris Agreement.
Gatwick plots path to net-zero before 2040
Gatwick Airport believes it can reduce its Scope 1 (operations) and Scope 2 (power-related) emissions by 80% by 2030, against a 1990 baseline, as it works to deliver net-zero in these areas before 2040.
edie launches new business guide on net-zero carbon reporting
edie has published a new free guide on reporting for businesses that are looking for advice on measuring and reporting climate impacts in line with the net-zero movement.
Burberry to become 'climate positive' by 2040
Luxury fashion firm Burberry has updated its science-based targets in a bid to become "climate positive" by 2040, a move that will aim to decarbonise the value chain and utilise a bespoke carbon insetting fund.
Kingfisher, DS Smith and Turner & Townsend unveil science-based targets
Screwfix and B&Q's parent firm Kingfisher has had carbon reduction targets consistent with the required pace to limit global warming to the 1.5C target of the Paris Agreement approved by the Science Based Targets initiative (SBTi), while both packaging firm DS Smith and consultants Turner & Townsend have unveiled net-zero commitments.
G7 nations failing to align major stock indexes with climate commitments, report reveals
None of the largest stock indexes operating in G7 nations are aligned with either of the Paris Agreement on climate change's two pathways, according to new research out today (10 June).
Highland Spring commits to net-zero emissions by 2040
The Highland Spring Group has unveiled an ambition to achieve net-zero emissions by 2040, with targets in place to halve emissions by 2030 through soon-to-be-developed science-based targets.
Unilever, Google and Amazon among new Business Alliance to Scale Climate Solutions
Major businesses including Salesforce, Amazon, Netflix, Unilever and Microsoft have formed a new alliance aimed at mobilising funding for scalable climate solutions.
Manufacturer McCormick's first net-zero building set for Peterborough
Multinational food ingredients manufacturer McCormick has confirmed that a new facility in Peterborough looks set to become its first net-zero carbon building.
Taylor Wimpey targets nature net-gain under new sustainability strategy
Housebuilder Taylor Wimpey has published an updated environment strategy, with headline targets including science-based emissions reductions and a commitment to increase habitat at all new sites.
UK Power Networks sets science-based emissions targets on journey to net-zero
In what it claims is a first among UK distribution network operators, UK Power Networks has had its emissions goals green-lit by the Science-Based Targets Initiative (SBTi).
Food services firm Compass targets net-zero emissions by 2030
The UK's largest food services company, Compass Group UK & Ireland, will switch to 100% electric vehicles (EVs), move 40% of its food offerings to plant-based proteins and will launch a £1m carbon reduction fund in a bid to reach net-zero emissions by 2030.
Tesco links supplier financial support to environmental goals
Tesco is offering preferential financing rates for suppliers that address their environmental impacts, under a new voluntary programme supported by Anthesis, KPMG and Santander.
Fast-food giants beef up climate commitments following investor pressure
The likes of McDonald's, Domino's and Yum! Brands, which owns KFC, have all improved their climate commitments this year following pressure from an $11trn coalition of investors.
UK green groups form new business alliance to spur corporate race to net-zero
A cohort of UK corporate green groups have formally banded together to launch the UK Business Group Alliance for Net Zero (BGA), in a bid to raise climate action in the build-up to COP26 and to ensure the nation meets its net-zero target for 2050.
'One Decade to Act': Multiplex Europe plots course to net-zero
Major construction contractor Multiplex Europe has outlined a string of 2030 climate targets on the road to net-zero by 2050, including measures to cut on-site emissions and embodied carbon.
Meet edie's 30 Under 30 Class of 2020: Rosie Wollacott, Mulberry
This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: Rosie Wollacott, group sustainability manager at Mulberry England.
AECOM to become a net-zero business by 2030
Consultancy AECOM has committed to delivering net-zero operations this year and a net-zero value chain by 2030, as part of a sweeping new ESG strategy.
From Burger King to Whitbread: Business giants mark Earth Day with new climate targets
Several well-known brands, including Burger King, Ribena, Lucozade and Visa, have marked Earth Day 2021 by announcing new climate targets such as net-zero ambitions.
Salesforce launches new cloud hub for supply chain emissions
Salesforce has unveiled a new cloud-based hub that enables companies of all sizes to track and measure value chain emissions.
Fujitsu sets 1.5C science-based climate targets
Japanese multinational IT firm Fujitsu has unveiled new climate targets, verified in line with the Paris Agreement's more ambitious 1.5C trajectory.
Mars and PepsiCo launch new supply chain climate programme
Food and beverage giants Mars, PepsiCo and McCormick have teamed up to launch a new coalition aimed at encouraging suppliers to reduce carbon emissions in alignment with climate science.
Kingspan targets net-zero carbon manufacturing by 2030
Building materials and design giant Kingspan has pledged to reach net-zero emissions from its estate of more than 160 manufacturing sites this decade.
Co-op bans sale of peat-based compost to reduce emissions
Retailer Co-op has introduced a ban on peat-based compost in a bid to help customers reduce their greenhouse gas emissions footprint and reach its own carbon commitments.
Etsy to offset emissions from packaging materials
Online retailer Etsy has confirmed its intention to offset all of the carbon emissions associated with its packaging, as it builds towards its net-zero emissions commitment set for 2030.
Sustainable sets and nature-based investments: Inside Netflix's new net-zero strategy
EXCLUSIVE: Netflix has this week pledged to reach net-zero emissions by 2022. In an exclusive interview with edie, the firm's sustainability officer Emma Stewart outlines how it plans to ramp up in-house carbon reductions and use offsetting to meet this new climate goal.
Tesco unveils climate manifesto to assist net-zero target
Tesco has unveiled a new "climate manifesto", pledging to help customers eat more sustainable diets, reducing food waste from farm to fork, and ramping up its efforts to become a net-zero business by 2035.
British Land confirms approved science-based targets on journey to net-zero
Property development and investment giant British Land has had interim carbon reductions targets to help deliver net-zero emissions approved by the Science Based Targets initiative (SBTi).
Net-Zero Business podcast: EY's journey to, and beyond, carbon neutrality
In response to the accelerated pace at which businesses are examining and setting net-zero targets to help alleviate the climate crisis, edie has launched a new spin-off of the Sustainable Business Covered podcast. Up next, we speak to EY's global vice chair for sustainability, Steve Varley.
Pearson targets net-zero carbon by 2030
Learning and education company Pearson has built on science-based targets set last year to commit to net-zero emissions in the next decade, as part of a new sustainable business plan published alongside an updated company strategy.
Anthesis targets three gigatons of carbon mitigation and removal by 2030
Impact investor and consulting firm Anthesis is aiming to support projects that collectively avoid, reduce and remove three billion tonnes (three gigatons) of carbon by the end of the decade.
Henkel targets climate positivity as Nokia unveils 1.5C science-based targets
Persil and Schwarzkopf owner Henkel has committed to delivering a positive climate impact by 2040, in the same week that Nokia unveiled new science-based emissions targets.
Aviva Investors targets net-zero by 2040
Aviva has pledged to reach net-zero across its operations, supply chain and financing activities by 2040, in what it claims is the most ambitious net-zero pledge from a large, UK-based financial services firm.
Etsy commits to net-zero emissions by 2030
Online retailer Etsy has pledged to "deepening its commitment to a sustainable future" by setting science-based targets and pledging to reach net-zero emissions by 2030.
BlackRock presses energy companies to set 'rigorous' emissions targets
The world's largest investor, BlackRock, has urged energy firms and other high emitters to disclose the full extent of their emissions and set climate targets in line with science. It is warning that failure to do so could result in stranded assets.
Sustainability Leaders Forum: Five top tips for turning climate ambition into action
With the dust settling on three days of thought-provoking conversations at edie's Sustainability Leaders Forum (SLF), edie rounds up how businesses can make 2021 a super year for climate action, which turns ambition into action for corporate sustainability.
Poor environmental disclosure to add $120bn to supply chain costs
Businesses could face up to $120bn in additional costs across their supply chains from the impacts of climate and environmental breakdown in the next five years, new research from CDP has warned.
Carlsberg closes in on carbon reduction goals
Brewing giant Carlsberg's latest sustainability report has revealed that the company has reduced carbon emissions by 39% since 2015, as it closes in on a goal to halve brewery emissions by 50% by 2022.
Sainsbury's outlines science-based targets to slash emissions on the path to net-zero
Sainsbury's has unveiled a new ambition to reduce emissions from its supply chain by 30% by 2030, as it strives to become a net-zero business by 2040.
Aviva Investors warns it will divest from climate laggards
Aviva Investors has warned that it will fully divest from companies that fail to decarbonise in alignment with net-zero climate science and will issue a new programme that engages with carbon-intensive companies to meet climate goals.
General Motors aims to become carbon neutral by 2040
General Motors (GM) will target carbon neutrality across its operations and products globally by 2040, while also committing to set science-based targets that would deliver net-zero emissions ten years later.
EY targets carbon negativity for 2021
After achieving an ambition to become carbon neutral in 2020 by upping investments in carbon offsetting, EY has committed to remove and offset more carbon than it emits globally this year.
Companies with science-based targets planning $25.9bn climate mitigation investments
Major companies to have aligned their emissions reductions targets with climate science are collectively planning to invest more than $25.9bn in climate mitigation through to 2030, according to new analysis covering firms including Tesco and Mastercard.
Kate Wylie to step down as Mars' global sustainability lead for new role at Chanel
Kate Wylie has confirmed plans to step down as Mars' global vice-president for sustainability after more than 10 years at the food and beverage giant. She has been named as luxury fashion house Chanel's next global chief sustainability officer.
Lenovo to deliver global rollout of customer offset scheme
Computer manufacturer Lenovo has unveiled plans to rollout a carbon offsetting scheme for customer purchases across the globe, following a trial run in the Nordics that saw 26,000 metric tonnes of carbon dioxide offset.
21 New Year's resolutions for sustainability professionals in 2021 and beyond
At last, 2020 has drawn to a close and while the first parts of a new year might not create a respite from a global pandemic and an economic crash, it does create the ideal opportunity to look at the climate crisis with a reinvigorated approach.
Meet edie's 30 Under 30 Class of 2020: Sam McCarthy, Nando's
This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: Nando UK&I's sustainability manager Sam McCarthy.
Zalando completes brand assessments as part of environmental disclosure drive
Online fashion retailer Zalando has disclosed its Tier 1 private fashion label suppliers in an efforts to drive transparency across the value chain, and is expecting brand partners to gain a full understanding of their key suppliers also.
Unilever to let shareholders vote on new climate targets
Unilever has become one of the first global companies to voluntarily commit to putting new climate targets to a shareholder vote, with the company's science-based targets currently focusing on zero emissions for its operations.
Jacobs reaches 100% renewables and net-zero emissions for business operations
Engineering firm Jacobs has revealed it is now powered by 100% renewable energy and has reached net-zero emissions for its operations and business travel, pledging to become carbon negative by 2030.