Operations & Finance PepsiCo announces first net zero plant for 2025 The brand has managed to decrease Scope 1 and 2 emissions by 23%, though its Scope 3 emissions have increased by 7%. Melodie Michel 10 May 2024
CSO Futures Weekly CSO Futures Weekly: The devil in the details Peaking power sector emissions, Paypal's rising crypto footprint and a growing bet on carbon capture and storage... Melodie Michel 09 May 2024
Energy Transition Electricity emissions may have peaked in 2023 Renewable energy, including solar, wind and hydro, made up a record 30% of the world’s energy mix last year. Melodie Michel 09 May 2024
People & Culture Germany’s development bank KfW names new Chief Sustainability Officer Jürgen Kern joined the bank in 2007 and was most recently Director of Corporate Strategy and Sustainability. Melodie Michel 09 May 2024
Sustainability Reports Paypal’s crypto emissions now make up more than 15% of its carbon footprint The crypto assets held by Paypal on behalf of its customers more than doubled between 2022 and 2023, reaching US$1.2 billion. Melodie Michel 08 May 2024
Carbon removals Microsoft signs historic carbon capture deal to remove 3 million tonnes of CO2 Tech giant is betting heavily on carbon removals to achieve carbon negativity. Melodie Michel 08 May 2024
Oil & Gas TotalEnergies and Sinopec to collaborate on low-carbon energy TotalEnergies invested about US$5.9 billion in low-carbon energies and almost US$11 billion in oil and gas in 2023. Melodie Michel 07 May 2024
Policy & Standards New guidance available for ISSB-ESRS sustainability standards interoperability EFRAG is aiming to reduce complexity and fragmentation between different disclosure frameworks. Melodie Michel 07 May 2024
Operations & Finance Global banks under pressure to set more specific sustainable finance targets To meet the world’s net zero targets, the ratio of green to fossil fuel financing should reach a minimum of 4:1 by 2030. Melodie Michel 06 May 2024
People & Culture IBM names new Chief Sustainability Officer as Balta retires Christina Shim joined IBM at the end of 2021 to lead its sustainability software strategy. Melodie Michel 06 May 2024