Sep 23, 2020

EcoVadis: new carbon action to tackle climate change

EcoVadis
carbon
Sustainability
Georgia Wilson
2 min
Carbon
EcoVadis reports new carbon action to tackle climate change and drive long term emissions reduction...

In an announcement made by EcoVadis, the company reports its new carbon action to tackle climate change and drive long term emission reduction.

The first of its kind Carbon Action Module will be revealed during Climate Week NYC 202. The module has been designed to reduce emissions in the supply chain and enable organisations to increase their fight against climate change.

In an analysis report conducted by EcoVadis, the company identified a large shortfall in supplier carbon reporting and action. The report also identified that the majority of organisations only address their direct and indirect emissions, neglecting the value chain. 

“The climate crisis demands that we take urgent action to combat the impact of carbon emissions,” commented Pierre-Francois Thaler, co-CEO of EcoVadis.

“The greatest opportunity for creating real change is through supply chain action. Our vision is to provide organizations, particularly small and medium-sized enterprises, with the tools and know-how needed to address their own carbon footprint reductions, and, in turn, to engage their suppliers to do the same.”

The comprehensive solution provided by EcoVadis enables customers to drive real change and measure their impact. The solution includes: Carbon rating and scorecards, a carbon calculator and enhanced CSR metrics.

The Carbon Action Module will include advanced features similar to EcoVadis’s Sustainability Intelligence Suite. The module is designed to complement existing solutions already on the market to close the gap for SMEs.  

To read the full report, click here, or to register for EcoVadis’ Climate Week NYC 2020 webinar on September 23, click here

For more information on business topics in Europe, Middle East and Africa please take a look at the latest edition of Business Chief EMEA.

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May 21, 2021

Four CPG giants to fund sustainable accelerator programme

Sustainability
accelerator
incubator
ABInbev
Kate Birch
3 min
With the aim of fast-tracking a shift towards sustainable solutions, Coca-Cola, Unilever, Colgate Palmolive and AB InBev partner to fund innovations

Breakthrough ideas can come from anywhere and anyone. That’s the premise behind the coming together of The Coca-Cola Company, Unilever and Colgate-Palmolive in the funding and support of world-leading brewer AB InBev’s 100+ Accelerator program.

These four consumer packaged goods multinationals will leverage both their size and resources to fast-track a shift toward sustainable solutions by mobilising some of the world’s sharpest thinkers to solve some of the world’s most pressing sustainability challenges.

The aim of this collaboration is to “supercharge adoption of sustainable solutions by funding the accelerating fantastic innovations that will change the world by making all of our businesses more sustainable”, says Tony Milkin, chief procurement, sustainability and circular ventures officer at AB InBev.

“Sustainable business is smart business, and we are working to solve huge problems that no one company can handle alone. With our combined global reach, we can accelerate progress towards a more sustainable future.”

What is the 100+ Accelerator program?

Originally launched in 2018, 100+ Accelerator is a global incubator program that aims to solve key supply chain challenges across water stewardship, circular economy, sustainable agriculture and climate action.

It offers size and scale to passionate entrepreneurs to help bring their solutions to market faster, and the program’s first two cohorts have already piloted 36 innovations in 16 countries, with participating startups raising more than US$200m to help them scale globally.

Among the established innovators are those already creating huge impact on sustainability, with projects including the first solar thermal plant in Africa, recycled electric vehicle batteries that store renewable electricity in China, and upcycling saved grains from the brewing process to produce nutritious foods in the US.

  • The implementation of green cleaning solutions to reduce water and energy use in brewing operations in Colombia
  • Solutions delivering traceability and insurance for smallholder farmers in Africa and South America
  • The collection of more than 1,000 tons of glass waste in Brazil
  • Piloting returnable packaging in the United States
  • Recycled electric vehicle batteries that store renewable electricity in China
  • The ability to upcycle saved grains from the brewing process to produce nutritious foods in the United States
  • The first solar thermal system to be installed at an AB InBev plant

How will the new program work?

So, how does it work? Applications are invited from entrepreneurs or small businesses (deadline for cohort 3 is May 31 2021) and the partners will choose 20-25 ideas which are then provided with funding.

Project aligned with goals of the CPG multinationals

The participation by all three consumer packaged goods giants is in line with each of their own sustainability goals, with each passionate about transforming global supply chains towards a greener future, and knowledgeable that “we can achieve our purpose faster and more effectively with equally committed partners”, says Patricia Verduin, CTO of Colgate.

Since launching its World Without Waste sustainable packaging platform, Coca-Cola has actively engaged the startup community for inspiration and innovation and is an inaugural investor in Circulate Capital, a fund launched in 2019 focused on ventures, infrastructure and innovations preventing the flow of plastic into oceans.

The program’s social inequality component is also aligned with Unilever’s values. “This year, we made commitments to ensure that everyone who directly provides us with goods and services receives a living wage by 2030,” says Marc Engel, chief supply chain officer of Unilever. But that’s not all. “We’re increasing our spend with suppliers from underrepresented groups and committed to train 10 million young people.”

 

 

 

 

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