Sustainability Science

Slashing carbon emissions
Danish firm DSV Panalpina is the fourth largest third-party logistics business in the world. It orchestrates the movement of goods by road, air, sea and rail. 

As an asset-light company, DSV Panalpina has set ambitious science-based targets to reduce the carbon emissions from all shipments and decarbonize its entire supply chain.

One company, Sendle, is the first 100 percent carbon-neutral shipping carrier in Australia and the United States. As a certified B Corporation, Sendle considers concerns about the environment to be a key stakeholder in business decisions. 

Sendle reduces the environmental impact of shipping by tapping existing carriers and filling vehicles to ensure every trip is maximized. Then, it offsets the carbon emissions of every package. 

Since its launch in 2014, Sendle has offset more than 9 million miles of carbon emissions. That’s equivalent to driving a one-ton truck from Earth to Mars and back 128 times.

Today, Morgan Stanley announced it will become the “first US-based global bank to join the Partnership for Carbon Accounting Financials (PCAF) and its Steering Committee as part of the firm’s commitment to measuring and disclosing its approach to climate change risk and opportunity.” In addition, Morgan Stanley will lend insights and expertise to help PCAF develop the global accounting standard that can be used by all financial institutions to measure and reduce their climate impact. PCAF includes financial institutions from around the world and represent more than US$5.3 trillion in assets.

With the temporary decrease in global carbon emission this year, more giant companies such as Unilever are switching to a sustainable business model.

Multinational company Unilever joins WWF in calling on Australian leaders to set the economy on course to a zero-carbon future, targeting net-zero emission from all products by 2039. This target will be eleven years ahead of the 2050 Paris Agreement deadline. 

The multinational company aims to have the greenhouse (GHG) footprints across its operation. To accelerate the action, Unilever will collectively invest €1 billion (AUD$1.89 billion) in a new dedicated Climate and Nature Fund.

The International Air Transport Association (IATA) is teaming up with a company to develop a carbon exchange platform where airlines, and passengers, can purchase offsets aimed at reducing the impact of air travel on the environment.

New report reveals that by meeting their science-based targets, these companies — with more GHGs than France and Spain, combined — will eliminate 265 million metric tons of emissions from their operations, equivalent to closing 68 coal-fired power plants.

The tequila company Buen Vato has invested in sustainable manufacturing processes in order to produce a cardboard bottle. Stockholm-based distributor Alias Smith says the bottle is lighter to transport and offers major CO2 reduction in comparison to traditional industry methods.

BMW Group has announced it is to begin sourcing aluminium produced using solar electricity with immediate effect in a move that could deliver significant reductions to its supply chain emissions.

The Scottish multinational brewery and pub chain announced yesterday it became carbon negative, which makes it the world’s first international beer business to reach this status.

Thanks to a £30 million investment plan, BrewDog launched a series of unprecedented initiatives to remove carbon from the atmosphere and so help the fight against climate change.

Dole Packaged Foods and Dole Asia Fresh, which are divisions of Dole Asia Holdings, announced plans to move toward zero fossil-based plastic packaging by 2025.

All original TV series made by Sky since last year - including hit shows such as Chernobyl and Brassic - have been classified as 'carbon neutral', with the broadcaster today pledging to offset the emissions generated by its UK productions from 2019 onwards.

The media giant said 41 Sky Original television series produced since 2019 - as well as all future shows - would now be certified in line with the CarbonNeutral Protocol which requires firms to cut emissions through efficiency measures, in addition to investing in external CO2 offsetting projects

PepsiCo has priced its first ever green bond at $1bn, with proceeds from the issuance aimed at funding the food and drink giant's sustainability drive to slash greenhouse gas emissions, packaging waste,...