CSO Futures Weekly CSO Futures Weekly CSO share their views on EVs and green buildings, recycled materials take centre stage and a study questions the legitimacy of sustainability bonuses in this week's newsletter. Melodie Michel 26 October 2023
CSO Formula E’s sustainability boss sees it as a sandbox for innovation Jaguar increased battery life in its cars after testing new software at a Formula E championship. Melodie Michel 26 October 2023
Policy & Standards California’s new climate rules to affect privately held companies 10,000 firms set to be exposed to new reporting requirements. Melodie Michel 26 October 2023
Operations & Finance Zara owner Inditex to buy €70mn worth of recycled polyester in bid to improve circularity and cut emissions Textile-to-textile recycled materials are a key part of the strategy employed by Inditex to minimise its supply chain impact. Melodie Michel 25 October 2023
People & Culture APAC firms lead the way with Chief Sustainability Officer appointments Among recent high-profile Chief Sustainability Officer appointments in the region, Singaporean bank OCBC named Mike Ng its first group CSO last July. Melodie Michel 25 October 2023
Data and Technology Terex sustainability report: company commits to Science-Based Targets The company is currently targeting a 15% reduction in emissions intensity. Melodie Michel 25 October 2023
Data and Technology DMC Global sustainability report: still no mention of Scope 3 emissions DMC Global has not set any climate goals yet, but says it will use 2022 data as its baseline. Melodie Michel 24 October 2023
Policy & Standards Companies worth US$1 trillion call for fossil fuels phase-out as oil and gas firms scale back climate ambition Pressure to phase out fossil fuels is mounting ahead of COP28. Melodie Michel 24 October 2023
Data and Technology Australian study links pay incentives to sustainability data 'restatements' This is not the first study to question the legitimacy of tying executive bonuses to sustainability performance. Melodie Michel 24 October 2023
Policy & Standards Two-thirds of WBCSD members tie executive compensation to sustainability performance Sustainability information in financial filings is still rare, but linking executive pay to ESG performance metrics is becoming more commonplace. Melodie Michel 23 October 2023
News and Interviews Net zero investors now manage $9.5 trillion – are ramping up sustainability engagements Insurance giant Nippon Life, for example, plans to aggressively halve portfolio emissions by 2030 to achieve net-zero by 2050 Edward Targett 23 October 2023
News and Interviews Xerox posts sustainability progress amid investor pressure Company says 97% of its 20,000+ employees completed "net zero" training in 2022. Melodie Michel 23 October 2023