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.
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.
'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.
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.
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 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 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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Essential Eight: edie launches supply chain sustainability handbook
Sustainability and CSR professionals looking to implement best practice to drive sustainability into the supply chain now have access to a new 'handbook' which provides expert advice and insight to tackle eight essential areas of supply chain management.
Blockchain platform to assist £19m virtual energy marketplace in Cornwall
Energy solutions firm Centrica has launched new trials to examine how blockchain technology can assist with multi-party peer-to-peer energy trading for 200 businesses and residential participants in Cornwall.
Why you need to know what the animals in your supply chain are being fed
Earlier this month, sitting in a packed room full of food and feed industry executives from around the world, we spoke together with leading retailers on why animal feed is one of the critical sustainability issue of our times.
Consumer demand for transparency to disrupt food sector, report finds
Public trust in the food sector has eroded to an "all-time low", with a new report commissioned by premium food supplier Cranswick warning that heightened consumer demand for increased transparency looks set to disrupt the sector.
Meat industry driving 'astounding' levels of deforestation, report finds
Global agribusinesses have been implored to improve the traceability of their soy and soybean supply chains, after a new report linked food products sold in European supermarkets with severe deforestation cases in South America.
Starbucks pledges £7m to develop coffee cup solutions
Starbucks has declared a "moon shot for sustainability" by unveiling a £7m funding challenge to develop recyclable and compostable coffee cups, as well as agreeing to new "bean to cup" traceability technology to improve sourcing practices.
Unilever implements 'radical step' on palm oil traceability
Unilever has become the first consumer goods firm to publicly disclose palm oil suppliers and mills that it sources from, both directly and indirectly, a move described by the firm as a "major milestone" in driving sustainability through the industry.