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The net-zero commitments cover business operations, digital infrastructure and the sector’s historic emissions

Crypto Climate Accord aims for 100% renewables and net-zero digital currency by 2040

A new global accord has been set up to align the swelling cryptocurrency market with the ambitions of the Paris Agreement by ensuring that blockchain and energy-intensive currency mining systems are powered by renewables and reach net-zero emissions by 2040.

Pictured: edie content director Luke Nicholls (right) and compere Julia Bradbury (left) present Barry Callebaut with the award

What makes a sustainability leader? Meet Business of the Year, Barry Callebaut

With the 2021 Sustainability Leaders Awards taking place on Wednesday (3 February), this feature series showcases the achievements of the 2020 winners and reveals their secrets to success. Up next: The winners of the Business of the Year award, Barry Callebaut.

#SustyTalk​: The WBA's Dan Neale on delivering social transformation

edie's #SustyTalk interview series continues with an exclusive talk with the World Benchmarking Alliance's (WBA) social transformation lead Dan Neale.

Some of the world's largest banks have been linked to industries that are causing mass deforestation and biodiversity loss

Banks urged to set time-bound targets to tackle deforestation

A new report has outlined how banks can take proactive steps to improve traceability and accountability of contributions to deforestation, as part of a first step to accelerating action towards a forest-restorative economy.

On average, each of the 50 banks was linked $52bn in finance that is causing biodiversity loss risk

Banks and agribusiness linked to biodiversity loss

Some of the world's largest banks have been linked to industries that are causing mass deforestation and biodiversity loss, with some in the finance sector providing loans and underwriting worth more than $2.6trn to climate-wrecking initiatives.

Beer made using the tracked barley will go on sale early next year

'From barley to bar': AB InBev pilots blockchain to boost transparency and traceability

The world's largest brewer is piloting blockchain technology to trace barley throughout its European supply chains and to provide customers with more sustainability-related information.

Data is captured using mobile phones and QR code IDs. Image: The Estée Lauder Companies / Aveda

The Estée Lauder Companies turns to blockchain to boost supply chain traceability

The Estée Lauder Companies will introduce vanilla that has been traced throughout the supply chain using blockchain technology to more than 125 of its Aveda-brand products next spring.

Many luxury fashion brands see digital technologies playing a role in creating more transparent and sustainable supply chains

Burberry and IBM collaborate on blockchain initiative to boost fashion supply chain traceability

Burberry has revealed that it has supported IBM interns to develop a prototype cloud and blockchain tool aimed at tracing materials and products across the fashion supply chain, including information about their environmental and human impact.

Mars is also taking steps to improve human rights across the palm oil supply chain

Mars achieves deforestation-free supply chain for palm oil

Mars has confirmed it is now operating with a deforestation-free supply chain for palm oil, following a year-long process to streamline the number of mills that it sources from.

Princes' partnership with Provenance will also see QR codes added to selected seafood products

Princes turns to QR codes and blockchain for sustainability storytelling

Princes is printing QR codes on its Napolina brand tomato products which, when scanned, will provide consumers with information about supply chain sustainability.

The supply chain can account for more than 90% of a company's environmental footprint

Scope 3 and the supply chain: How businesses are taking sustainability leadership to a new frontier

Not too long ago, sustainable leadership was defined by those 'getting their own house in order' through emissions reductions, but as the pace required to reduce emissions grows, so too does the efforts from businesses to assist the supply chain in decarbonising. Here, edie looks at some of the transformational ways businesses are engaging with suppliers.

Deforestation will be mitigated through supply chain engagement, recycled material sourcing and investment in innovation

World Rainforest Day: Dozens of retailers commit to deforestation-free fashion supply chains

Ralph Lauren, Ted Baker, Sainsbury's and Asda are among a coalition of 45 major businesses jointly pledging to eliminate deforestation from their fashion supply chains, as part of a collaborative initiative coordinated by non-profit Canopy.

The new commitments will also focus on supply chain emissions and regenerative practices 

Unilever launches €1bn climate and nature fund, targets net-zero emissions by 2039

Consumer goods giant Unilever has unveiled a new set of sustainability commitments, pledging to end its contribution to deforestation, promote regenerative agriculture, transition to biodegradable ingredients and reach net-zero emissions for products by 2039 - all supported by a new €1bn Climate and Nature fund.

No company assessed could prove that workers across the supply chain had the right to unionise

World's largest ICT companies failing to tackle human rights abuses in supply chains

In a new analysis of how the world's 49 largest ICT businesses are protecting against human rights abuses in their supply chains, the average score is just 30%.

Princes states that export PRNs (PERNs) are less transparent, due to a limited ability to ensure compliance outside of the UK

Princes commits to no export waste

Food and drink firm Princes has committed to ensuring that all of its packaging is recycled and handled solely by UK re-processors, rather than exporting the waste abroad, to gain more certainty that its packaging is recycled or dealt with appropriately.

The coronavirus has exposed a lack of focus on supply chain sustainability

Coronavirus and globalisation: What next for supply chain sustainability?

Covid-19 has brought global economies to a standstill and knocked the confidence in global and connected trade. Would businesses benefit from pivoting to more localised value chains, or do global supply chains enable a global shift towards a climate-resilient future?

Focusing on people and the planet this Easter

While Easter celebrations will almost certainly be different for many of us this year, it will still be synonymous with chocolate. Cocoa production worldwide hit a record high of 4.85 million tonnes last year and shows little sign of slowing down as, in the face of the pandemic, consumers reach for familiar comforts like chocolate.

The investors forming the coalition noted that 13 of the 17 banks that financed the Dakota Access Pipeline project were also signatories to the Equator Principles

Equator Principles: Global banks failing to uphold environmental and social risk agreements

An investor coalition representing more than $2.9trn has urged global banks to strengthen efforts that protect the rights of indigenous people and the environment that they rely on.

The two companies join Braemar Energy Ventures, Centrica, and Siemens in investing into LO3 Energy

Shell invests in peer-to-peer energy trading blockchain platform

The venture fund arm of oil and gas giant Shell has invested in a US-based company that uses blockchain to enable peer-to-peer energy sharing and trading over networks.

This year's Index is the first to award any brand a ranking of more than 60%

Fashion Revolution Week: Adidas, Reebok and Patagonia top sector transparency rankings

Sportswear giants Adidas and Reebok and outdoor clothing brand Patagonia have been named as the corporates leading the fashion sector's drive for greater transparency around supply chain activity, in a new ranking of 200 of the industry's largest companies.

The project's goal is to is to create an open, industry-wide network to trace and validate the sustainability of minerals. Image: IBM

VW joins blockchain network for sustainable mineral sourcing

German carmaker Volkswagen Group (VW) has joined a collaborative sector initiative aimed at bolstering sustainability and traceability in global mineral supply chains through the use of blockchain technologies.

The tool aims to help the sector overcome the challenges of

Fashion firms urged to log global supply chains on new digital open-source map

Fashion giant C&A's charitable arm, the C&A Foundation, has teamed up with geospatial technology firm Azavea to develop a new open-source digital map aimed at helping fashion retailers, suppliers and designers to boost their transparency efforts.

Thai Union relies on the oceans for its business and is recognised widely as a leader for its approach to sustainability

SDGs In Action: How Thai Union is achieving Goal 14 - Life Below Water

Welcome back to edie's new editorial series which breaks down exactly how businesses are turning the Sustainable Development Goals (SDGs) into action. Up next: seafood-based food producer Thai Union outlines how it is creating healthy oceans by changing seafood for good.

The Government is concerned that a lack of digital record keeping in the waste industry is being frequently exploited by organised criminals

Government turns to blockchain to boost waste management transparency

The UK Government has unveiled plans to invest in startups which are using digital technologies like blockchain and machine learning to solve the nation's most pressing waste management issues.

100% of the Italian-grown tomatoes Princes processed in 2018 have been sourced from farms with independent ethical accreditation

Princes turns to blockchain to minimise supply chain sustainability risks

International food and drink firm Princes has unveiled a sweeping new set of measures to make its supply chain practices more sustainable, including a pledge to use blockchain to ensure workers' rights are protected.

More than three billion tonnes of cocoa are produced every year, with the majority being grown in West Africa

Valentine's Day: How the cocoa supply chain is falling in love with ethical practices

Chocolate remains the most popular gift for Valentine's Day, but climate change and environmental pressures are already creating tensions along the global supply chain. Here, edie explores how the food and drink industry is working to make its reliance on cocoa more sustainable.

The majority of survey respondents (65%) believed that corporates already had to include sustainability impacts in profit calculations

Survey: Consumers want corporates to include sustainability in profit calculations

Around four in ten members of the UK public believe that corporations should include social and environmental impacts in their profit calculations, a new survey has found.

Nespresso pledges to use 100% sustainably sourced aluminium for coffee capsules

Beverage giant Nespresso has unveiled a new commitment to use only sustainably sourced aluminium in its coffee capsules by 2020, after co-founding a new scheme to encourage the sustainable extraction of the metal.

Big-name fashion retailers collaborate to fund digital deforestation map

Seven of the world's largest fashion retailers including H&M and Kering have collectively funded the development of a new online tool that allows businesses, investors and customers to track the origin of paper, wood and viscose sourced by corporates.

Food security: The power of data insights, knowledge sharing and collaboration

Increasing agricultural productivity is a global imperative. To feed a rising global population it has been estimated that we need to grow more food in the next 40 years than we did in the previous 10,000. If that wasn't stark enough, the challenge is being compounded by climate volatility.

PZ Cussons outlines plastics and palm oil goals

Healthcare and consumer goods manufacturer PZ Cussons has committed to reduce the amount of plastic it uses by 25% while also setting out an action plan to source all its palm oil from sustainable sources.

Almost one million garment workers covered by H&M's 'fair living wage' strategy

H&M has revealed that more than 930,000 garment workers located in its supply chain are now covered by a "fair living wage" approach, with 84% of the company's product volume now produced in factories that are improving wage standards and human rights approaches.

Tax havens shielding companies responsible for deforestation and overfishing

Money channelled through secretive tax havens has been used to fuel deforestation in the Amazon and illegal fishing around the world, racking up a heavy environmental toll but leaving few ways for businesses to be held to account.

New tech on the block: 8 ways businesses are using blockchain to drive sustainability

As the fruits of the Fourth Industrial Revolution continue to change how businesses operate within society, edie has rounded up eight of the most notable ways companies have been using blockchain to spur their sustainability actions.

Dirty fashion: Companies criticised over 'damaging' viscose use

Luxury fashion brands and high-street retailers have again been linked with the damaging production of viscose textile fibres, despite some of last year's laggards making notable improvements to sourcing practices.

PepsiCo on track for palm oil goals despite NGO concerns

PepsiCo has released an updated sourcing policy in a bid to source 100% certified sustainable palm oil by 2020, a move that the Rainforest Action Network has described as a "dodge and cover" action plan.

Report: UK supermarkets failing to protect supply chain workers' rights

The UK's largest supermarkets "routinely" implement weak human rights policies in their supply chains, "exerting relentless pressure" on their suppliers while "trapping" overseas workers in poverty, a new report from Oxfam has claimed.

Unlocking the Fourth Industrial Revolution for the planet

Back in 1970, at the dawn of the modern environmental movement, American Futurist Alvin Toffler coined the term 'Future Shock'. Toffler highlighted that the late-20th Century was experiencing a phenomenon unique in human history in which technology was changing faster than people. This in turn led to widespread discomfort and confusion as well as frequent social and economic upheaval.


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