ESG International Weekly News 7/16-7/23

July 25,2023
Green and White Minimalist Earth Day Instagram Post (4)
Resources: ESG Today
1. Amazon to Require Suppliers to Report Emissions, Set Climate Goals

Amazon plans to update its Supply Chain Standards, requiring suppliers to report their carbon emissions data and set emissions reduction goals, as outlined in the company's 2022 Sustainability Report. This move is part of Amazon's commitment to achieving net zero carbon emissions by 2040. The report highlights that Scope 3 emissions, originating outside the company's direct control, make up a significant portion of Amazon's emissions footprint. The company aims to collaborate with its supply chain partners to reduce their carbon footprint and will offer support and tools for tracking and decreasing emissions. Amazon is also making progress in its energy transition, aiming to power its operations with 100% renewable energy by 2025 and increasing its fleet of electric delivery vehicles to 9,000 in 2022, with a goal of reaching 100,000 by 2030.


2. Biden Launches $20 Billion Climate and Clean Tech Project Financing Programs

The Biden administration has unveiled two new programs, totaling $20 billion, to finance climate and clean energy projects at the community and small business level. These initiatives, established under the Greenhouse Gas Reduction Fund, aim to mobilize financing and private capital to combat climate change. The $14 billion National Clean Investment Fund will offer grants to non-profit clean financing institutions, partnering with the private sector to fund numerous clean technology projects in homes, businesses, and communities, with a focus on low-income areas. Additionally, the $6 billion Clean Communities Investment Accelerator will provide funding and technical assistance to local community lenders to build their clean financing capacity, exclusively benefiting low-income and disadvantaged communities. These initiatives mark a significant step in the administration's commitment to addressing the climate crisis and fostering a sustainable future.


3. ESG the Top Investment Priority for CFOs… and the Most Vulnerable to Near Term Budget Cuts: EY Survey
   EY調查報告發現ESG成為CFO們最重要的投資優先項目... 但也是最容易受到近期預算削減影響

A recent survey by EY, the global professional services firm, found that ESG (Environmental, Social, and Governance) topped the list of long-term investment priorities for CFOs. However, paradoxically, it was also identified as the most likely area to face near-term budget cuts as companies focus on short-term results. The study involved 1,000 CFOs and senior finance leaders from companies with revenues over $1 billion in 21 countries and 13 industry segments. While 43% of respondents prioritized ESG as a long-term investment focus, 37% were planning to cut or pause spending in this area. The tension between short and long-term priorities was evident, with disagreements within leadership teams, especially concerning how to balance financial performance and sustainability investments. Transforming the finance function and embracing culture change and digitization were seen as important factors to address these challenges.


4. Virgin Atlantic Plans First-Ever 100% Sustainable Aviation Fuel-Powered Transatlantic Flight this Year

A consortium led by Virgin Atlantic has announced its plans to conduct the first-ever transatlantic flight using 100% sustainable aviation fuel (SAF) on November 28, 2023, pending regulatory approvals and testing. The flight will take place on a Boeing 787 Dreamliner, traveling from London Heathrow to New York JFK. The consortium, which includes Rolls Royce, Boeing, University of Sheffield, Imperial College London, and Rocky Mountain Institute, is funded by the UK Government's Department for Transport. The flight aims to demonstrate the potential of SAF as a viable replacement for conventional fossil-based jet fuels in the aviation industry's efforts to decarbonize. Currently, SAF accounts for less than 0.1% of jet fuel volumes, but it offers significant emissions reduction compared to traditional fuels.


5. Deloitte, Salesforce, AT&T Collaborate on IoT-Powered ESG Data Management Solution
    德勤、Salesforce 和 AT&T 合作推出物聯網驅動的 ESG 數據管理解決方案

Global professional services firm Deloitte, CRM solutions provider Salesforce, and telecom giant AT&T have announced a new collaboration to assist organizations in collecting and managing ESG (Environmental, Social, and Governance) data using an Internet of Things (IoT)-powered connectivity-based approach. This partnership aims to address the challenges companies face in gathering ESG data across their value chains, driven by increasing regulatory pressure to report sustainability progress. By combining AT&T's asset management solutions, which provide direct connectivity to emission sources, with Deloitte's sustainability management solution, Sustainability 360, powered by Salesforce's emissions and ESG data platform, Net Zero Cloud, organizations can streamline data collection, enhance ESG data integrity, and identify sustainability improvement opportunities. The collaboration aligns with AT&T's Connected Climate Initiative, with the goal of reducing 1 billion metric tons of greenhouse gas emissions by 2035 through innovative climate solutions.

德勤(Deloitte)全球專業服務公司、CRM解決方案提供商Salesforce,以及電信巨頭AT&T宣布新的合作計畫,協助組織使用物聯網(IoT)驅動的連接方案來收集和管理環境、社會和公司治理(ESG)數據。這個合作旨在應對公司在收集ESG數據時面臨的挑戰,因為日益增加的監管壓力要求進行可持續發展進度報告。通過結合AT&T的資產管理解決方案,提供直接連接到排放來源的功能,與德勤的可持續性管理解決方案"Sustainability 360",搭載Salesforce的排放和ESG數據平台"Net Zero Cloud",組織可以優化數據收集,提高ESG數據完整性,並找到可持續改進的機會。此合作與AT&T的"Connected Climate Initiative"相符,目標是通過創新的氣候解決方案,在2035年前減少10億公噸溫室氣體排放。