Sustainability
Factbox: With climate clock ticking, companies scramble to set green targets

Source: Reuters
Nov 5 (Reuters) – Hundreds of companies around the world have promised to cut carbon emissions, but the deadlines they have set are years away and it is hard to tell if it is enough.
According to scientists at the United Nations, the world’s net emissions must drop to zero by 2050 to limit the rise in global temperature to no more than 1.5 degrees Celsius, compared with pre-industrial levels.
Following is a gist of some of the targets set by global companies as world leaders and officials meet at the U.N. climate gathering in Scotland.
Moderna (MRNA.O) | ** Targets net-zero carbon emissions globally by 2030 |
BBVA (BBVA.MC) | ** Pledges to achieve net-zero emissions by 2050 and expects to channel 200 billion euros between 2018 and 2025 in sustainable financing |
Salesforce.com (CRM.N) | ** Pledges $100 million funding in grants over the next 10 years to nonprofits working on ecosystem restoration and climate justice |
Jones Lang LaSalle Inc (JLL.N) | ** JLL commits to reach net-zero greenhouse gas emissions across the value chain by 2040 |
3M Co (MMM.N) | ** Says it will invest $1 billion over the next 20 years to accelerate its environmental goals, including new commitments to achieve carbon neutrality by 2050, reduce water use 25% by 2030 [USN:[nPnbSBnsWa]] |
Mastercard (MA.N) | ** Commits to reach net zero by 2040 [USN:FWN2RR07G] |
Linde Plc (LIN.N) | ** Aims for a 35% cut in absolute emissions by 2035 and becoming carbon neutral by 2050 [USN:L1N2RO0TZ] |
Standard Chartered (STAN.L) | ** Targets reducing its funding to carbon intensive sectors by 2030, as part of a broader goal to reach net zero emissions for itself and its clients by 2050 [USN:L1N2RO1J3] |
Royal Caribbean Cruises Ltd (RCL.N) | ** Aims to deliver a net zero cruise ship by 2035 |
BlackRock Inc (BLK.N) | ** Raises $673 million for an infrastructure fund to invest in climate-focused projects such as renewable energy in emerging markets [USN:L1N2RT1CQ] |
Qantas Airways Ltd (QAN.AX) | ** Says working to develop a 2030 emissions target [USN:L4N2RG4PH] |
TC Energy Corp (TRP.TO) | ** Targets net-zero emissions from its operations by 2050 [USN:L4N2RM3FU] |
Saudi Aramco | ** Aims to achieve net zero emissions from its operations by 2050, while also expanding its maximum sustained production capacity to 13 million barrels per day [USN:L1N2RJ06S] |
Rio Tinto (RIO.AX) | ** Announces a $7.5 billion plan to reduce carbon emissions by 50% by 2030 [USN:L4N2RG1H7] |
Amazon.com Inc (AMZN.O) | ** Commits to use zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector [USN:L8N2RE1TK] |
Mitsubishi Corp (8058.T) | ** Aims for net zero greenhouse gas emissions by 2050 |
Boeing (BA.N) | ** Targets delivering commercial airplanes capable of flying on 100% biofuel by the end of the decade |
Southwest Airlines Co (LUV.N) | ** Plans to modernize its fleet with more fuel-efficient Boeing 737 MAX 7 and 8 aircraft [USN:[nPn9gBKlca]] |
Royal Dutch Shell (RDSa.L) | ** Reduce Scope 1 and 2 emissions from operated assets by 50% by 2030 vs 2016 in absolute terms |
McDonald’s (MCD.N) | ** Targets cutting global GHG emissions to net zero by 2050 ** Aims to lower absolute emissions by about a third for both its suppliers and its nearly 40,000 restaurants around the world by 2030 [USN:L1N2R1157] |
Chevron (CVX.N) | ** Chevron commits to net zero emissions by 2050, to cut upstream scope 1, 2 emissions |
Dow (DOW.N) | ** Expects to boost its core earnings by $3 billion a year over the next decade, with investments that include building a new net-zero carbon emissions facility [USN:L4N2R21ZH] |
AT&T (T.N) | ** Sets target to help businesses collectively reduce a gigaton of GHG emissions — 1 billion metric tons by 2035 |
Chubb | ** Sets new goal to achieve carbon neutrality in its global operations by 2022 end through a combination of renewable energy and carbon offset purchases |
United Airlines (UAL.O) | ** Plans to use about 3.4 mln gallons of low-carbon, sustainable aviation fuel derived from trash in 2021 vs roughly 1 mln gallons used each year since 2016 [nL1N2M61A6] |
Clorox (CLX.N) | ** Targets net-zero carbon emissions by 2050, Scope 1 & 2 by 50% by 2030, Scope 3 by 25% by 2030 |
Anglo American (AAL.L) | ** Reduce emissions by 30% by 2030 and achieve net zero by 2040, reduce the abstraction of freshwater in water scarce regions by 50% by 2030 from 2016 levels |
Energize Program | ** Ten pharmaceutical companies are joining forces to cut indirect emissions through green power procurement, which in turn will reduce the participating companies’ Scope 3 emissions |
Chipotle Mexican Grill Inc (CMG.N) | ** To reduce absolute scope 1, 2 and 3 greenhouse gas emissions by 50% by 2030 from a 2019 base year [USN:[nPn9NF5g1a]] |
Glencore (GLEN.L) | ** Reduce GHG emissions by 50% by 2035 compared to 2019 levels and achieve net zero by 2050-end |
GHG – Greenhouse gases Scope 1 – Direct emissions Scope 2 – Indirect emissions Scope 3 – Indirect emissions produced by co, products, supply chain
Source:- Company statements, filingsReporting by Sweta Singh, Dania Nadeem, Manojna Maddipatla and Arunima Kumar in Bengaluru; Editing by Arun Koyyur, Aditya Soni and Anil D’Silva
Our Standards: The Thomson Reuters Trust Principles.
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Business
Future-proofing financial services investment

Source: Finance Derivative
Adrian Ah-Chin-Kow, Global Commercial Director at leading software escrow company, Escode, discusses how the financial services sector can prepare for the increasing investment ahead of the government’s industrial growth strategy, Invest 2035, ensuring resilience against technological risks.
The UK’s proposed Invest 2035 strategy sets a bold vision: to elevate the UK as a global leader in high-growth sectors. Financial services are at the heart of this roadmap, tasked with driving innovation, sustainability, and competitiveness. But as we look towards the future, it’s critical that the sector strikes a careful balance between embracing strategic investments and maintaining operational resilience in the face of an increasingly complex technological risk landscape.
The digital transformation currently underway in financial services is set to accelerate even further as organisations adopt new technologies like artificial intelligence, blockchain, and cloud computing. These innovations hold immense potential for growth and efficiency, but they also introduce new layers of vulnerability. For financial services to thrive in this environment, firms need to ensure their technology infrastructure is resilient, reliable, and capable of withstanding disruption.
Growing risks in a digital-first world
As government and industry push forward with initiatives to digitise the financial services ecosystem, the sector is becoming more dependent on technology than ever before. With this reliance comes the inevitable rise of new risks—risks that can threaten operations, customer trust, and even the stability of markets.
We’ve seen first-hand the consequences of technology disruptions in this space. When key software providers experience outages or security breaches, the ripple effect can be significant, disrupting not just the companies involved but entire networks of financial institutions that depend on those systems. The impacts of such disruptions, particularly in a sector where reliability is paramount, can extend beyond the immediate downtime, eroding investor confidence and creating long-term reputational damage.
In a world that is becoming more interconnected by the day, it’s crucial that financial services organisations are prepared for these challenges. Protecting against technology failures and ensuring business continuity must be top priorities for any firm that wants to remain competitive in the years to come.
Operational resilience: The foundation of future growth
The ability to withstand and recover from disruption is at the core of what will define successful financial services firms in the future. Operational resilience is no longer just a regulatory requirement—it’s a business imperative that builds trust with investors, customers, and stakeholders. The strategies needed to build this resilience are varied, but there are a few critical components every organisation should consider.
- Software Escrow: As financial institutions increasingly depend on digital tools, software escrow becomes a fundamental safeguard. We know how crucial escrow agreements are for protecting access to essential tools. If a provider fails or encounters insolvency, escrow ensures that critical software and intellectual property (IP) are held securely by a third party, ready to be released to the firm. In a sector where continuous access to technology is crucial, this arrangement offers peace of mind, ensuring core operations are protected from unexpected interruptions.
- Stress-testing and Business Continuity: Regular stress-testing and comprehensive business continuity plans are essential components of any resilience strategy. By simulating disruptions, firms can identify weaknesses in their operations and put in place measures to address them. Continuity planning ensures that businesses can continue to operate, even under extreme circumstances, helping to mitigate the impacts of unanticipated events and minimise disruption to clients and markets.
- Collaborative Resilience Standards: The interconnectivity of today’s financial ecosystem demands industry-wide standards. We’ve seen collaboration across both the private sector and with government initiatives become increasingly important. The UK’s Invest 2035 strategy offers an excellent foundation for fostering these partnerships, helping to establish resilience as a shared priority across the sector. We’re already seeing frameworks like the EU’s Digital Operational Resilience Act (DORA) lead the way in embedding resilience into the financial services supply chain. This kind of regulatory guidance helps institutions understand how to manage risks effectively, reducing overreliance on third-party providers and ensuring that firms can respond quickly to disruptions.
Collectively, these strategies reinforce the importance of being proactive rather than reactive when it comes to risk management. Operational resilience isn’t just about surviving the next crisis—it’s about building a foundation for long-term stability and growth in a rapidly changing environment.
Resilience as the key to securing Invest 2035
As we move towards Invest 2035, operational resilience will be the cornerstone of success. The financial services sector plays a pivotal role in driving economic growth and innovation, and its ability to adapt and respond to disruption will be key to maintaining the UK’s competitiveness on the global stage.
Embracing proactive resilience measures is the key to future success. By incorporating solutions like software escrow, stress-testing, and government-backed collaboration into their operational strategies, financial institutions can secure the UK’s position as a competitive, reliable investment hub.
Looking to the future, the ability to navigate these risks while maintaining operational integrity will determine whether financial services can continue to be the engine of economic growth in the UK. With the right safeguards in place, the sector can not only meet the goals of Invest 2035 but also build a reputation as a safe and dependable destination for global investment.
Business
How retailers can improve sustainability during peak returns season

By Inge Bujakiewicz ‑ Baars, Head of Sustainability, Security, and Quality at ReBound Returns
In recent years, a significant trend has emerged for retailers: the rising rate of returns. Although retail sales hit their peak between Black Friday sales and Christmas gift shopping, the peak for returning items lags well into January, when the extended returns windows for Christmas gifting closes.
The growing volume of returns brings a hidden environmental cost. This is not only from a logistical point of view, with carbon emissions from transporting items back to warehouses, but also for product wastage if the returned products aren’t able to be resold to another customer.
This challenge is even more pronounced when items are being shipped and returned internationally. Fortunately, there are a number of ways that retailers can manage returns sustainably during high-volume periods.
Local sorting and grading
A highly effective way to reduce the carbon footprint of returns is through the localised sorting and grading of items. Instead of returned items being sent to their original warehouse or a central hub, they can instead be assessed closer to their return location. This cuts down on emissions associated with unnecessary transport as it reduces the need for long trips back to the item’s starting location.
This localised sorting enables retailers to quickly determine the condition of returned products to understand whether they are in a resellable condition or not. Items that are deemed suitable to be resold can be reintroduced into the local market faster, reducing overstock and waste. Items that aren’t able to be immediately resold can then be locally repaired or reconditioned ready to be returned to stock; or donated or recycled nearby.
This localised approach to returns processing reduces transport emissions and also minimises product wastage. It also enables customers to be refunded quickly as the items are checked much faster.
Returns forecasting
Capturing data throughout the returns process is crucial for operational efficiency, accurate product distribution, and customer communication. It is also a key tool enabling the accurate forecasting of returns volumes, and in particular can help retailers to factor low-emission transport solutions into their plans.
For example, rail freight options can be more eco-friendly than truck transport, emitting less CO2. However, rail transport typically requires more planning due to its infrastructure and scheduling restrictions, so proactivity is vital.
By forecasting return volumes, retailers can prioritise more eco-friendly returns logistics options during peak periods. The insight can also be used to optimise the space in transport vehicles, planning fuller loads and avoiding any empty spaces to cut down on unnecessary trips. This approach has the added benefit of also ensuring that returns are processed efficiently without any delays or bottlenecks, leading to a better experience for the end consumer too.
Optimising pre-stocking and inventory management
Returns data isn’t just useful for returns logistics, it’s also a valuable resource for inventory management. It allows brands to better anticipate the volume and type of items likely to be returned, in what volume, and when. The data can then be used to leveraged to pre-stock items in the right quantities whilst correctly anticipating future returns.
This pre-stocking approach based on returns data insight reduces the risk of overstocking, which could lead to wastage further down the line if items aren’t sold. The ability to predict returns in advance means returned goods can be factored in as part of the broader stock rather than a separate logistical challenge, keeping inventory levels sustainable.
Prioritising high-demand items in regional hubs
During peak sales and return seasons, more items will inevitably be returned. Retailers need to identify fast-moving, high-demand items through data analytics. Rather than these items being sent back to central warehouses or their original sale point, they can be retained at regional returns hubs. This ensures they can be quickly returned to stock and be made readily available for resale or redistribution.
This reduces the need for long-distance transport, cutting down on emissions, as well as the time it takes to get the product back in stock and into the hands of a new customer. By using returns data to identify which items are most likely to be resold quickly, brands can streamline their logistics and keep high-demand items closer to potential buyers.
The sustainability of retail returns, especially during peak seasons when volumes of sales and returns soar, is expected to be a key focus for retailers in 2025. Although the environmental impact can be significant, it is not insurmountable, and there are a number of strategies that brands can implement, especially when assisted by expert returns management partners, such as ReBound Returns. By addressing these key areas, retailers can navigate peak return periods with a reduced environmental impact, whilst improving agility and operational efficiency.
Business
How businesses can adopt good Environmental, Social, and Governance (ESG) practices and the benefits of doing so

Source: Finance Derivative
The business and financial services community has witnessed the rise of sustainability in the last decade. Companies small and large have taken on ESG. In fact, 95 percent of the 250 largest companies worldwide report on corporate sustainability activities.
Meeting societal, environmental, economic and future generation needs – the four pillars of sustainable development – is now critical for businesses to succeed. So, what are the benefits of committing to sustainability, and how can the financial sector do so?
The benefits of committing to sustainability
There are three main reasons why businesses pursue sustainability goals: revenue and cost optimization, risk management, and brand and reputation management. But a fourth reason is becoming just as prevalent – the retention and engagement of top talent.
- Revenue and cost optimization
Businesses are naturally aiming to keep costs low and revenues high, and it is possible to achieve both objectives through certain approaches to sustainability. If an organisation can reduce its water and energy usage, then its water and energy bills will also be lower. When we reduce our waste, the cost of having this waste removed or processed also reduces. Similarly, by considering if products or services tick the following boxes, it’s possible to cultivate more innovative solutions and new business models that add value for both society and businesses:
- last for future generations?
- create social cohesion?
- protect the environment?
- contribute towards economic wellbeing?
- Risk management
Before the word “sustainability” came into widespread use, the word “risk” encompassed many sustainability considerations. Identifying and mitigating social and environmental risks helps reduce litigation, compliance costs, and the need for pollution cleanup. Companies can avoid the expensive costs associated with lawsuits by following ethical standards in the labour supply chain, using cradle-to-cradle principles in manufacturing, and more.
- Brand and reputation management
The jury is in regarding consumer concern for sustainability. A good image goes a long way. Sustainable companies are better able to maintain brand loyalty. 46 percent of consumers are buying more sustainable products as a way to reduce their impact on the environment, according to a 2024 survey.
- Employee retention and performance
Not only have customers shown a concern for people and the planet, but employees have as well – over two-thirds of staff want to work for a company that is trying to have a positive impact on the world. Companies can attract and retain talent by showing that sustainability is integral to their business model, by attaching bonuses and financial rewards to sustainability results, and by creating opportunities for employees to engage in the issues. If sustainability isn’t visible in a company, employees are more likely to leave, as one-third of employees have resigned from their jobs because they felt the efforts by their company to tackle environmental and social challenges were insufficient.
Sustainability tips for professionals in the financial services sector
There are numerous initiatives to render the financial services industry more sustainable. Long-term institutional investors such as pension funds and insurance companies are increasingly seeing the potential for minimising ESG risks and gaining from ESG opportunities by building green and socially responsible portfolios.
Similarly, commercial and retail banks are increasingly bringing ESG considerations into lending policies and in designing sustainable financial products. Depository banks such as Climate First Bank in the United States and fintech neobanks such as Green Got in France are laser focused on supporting a just ecological transition. Amid global crises, the COVID-19 pandemic and resultant economic challenges, climate finance has continued to grow in an upward trend (Figure 1). In 2022, it reached USD 1.46tn according to the Climate Policy Initiative, showing resilience and growth despite heightened levels of inflation and global conflicts.

There are even sustainability aims for stock exchanges. For example, the Sustainable Stock Exchanges (SSE) is an initiative aimed at exploring how exchanges can work together with investors, regulators, and companies to enhance corporate transparency (and ultimately performance) on ESG issues and encourage responsible long-term approaches to investment. In April of this year, China’s three major stock exchanges (Shanghai, Shenzhen, and Beijing) issued new guidance mandating sustainability reporting for larger listed entities. The guidelines adopt a “double materiality” approach, addressing both financial and societal impacts of companies’ activities. The guidelines cover: climate change, social responsibilities, governance, and supply chain management, and are largely aligned with global frameworks like the Global Reporting Initiative (GRI) Standards. The initiative aims to integrate sustainability into business strategies while easing compliance for companies operating across multiple jurisdictions. Here are 5 practical tips for professionals in this sector:
- Use frameworks to gauge sustainability progress, including the SURF Framework (Supply Chain, User, Relationships and Future Generations).
- Join professional networks, including dedicated Slack groups such as these, that address sustainable business and finance.
- Attend conferences that address sustainable finance and business.
- Read and contribute to ESG investment publications.
- Adhere to sustainable finance, investing, and accounting standards, frameworks, and guidelines, such as:
- Due Diligence 2.0 Commitment
- The Global Reporting Initiative (GRI)
- The Principles for Responsible Banking (PRB)
- The Principles for Responsible Investment (PRI)
- The Greenhouse Gas Protocol (GHGP)
- The Partnership for Carbon Accounting Financials (PCAF)
- The Equator Principles
- The Private Equity Council’s Guidelines for Responsible Investment
- Taskforce on Inequality-related Financial Disclosures (TIFD)
1 Climate Policy Initiative, Global Landscape of Climate Finance 2024. Retrieved: 26 November 2024. Available from: https://www.climatepolicyinitiative.org/publication/global-landscape-of-climate-finance-2024/.
Marilyn Waite is the author of Sustainability at Work: Careers That Make a Difference. Marilyn has worked across four continents in low carbon energy, climate modeling, and investment. She currently leads the Climate Finance Fund and teaches ESG Strategies at Sciences Po and other universities across the globe. Find out more at marilynwaite.com.

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