Sustainable cannabis company, Rubicon, releases ESG report
Rubicon Organics, a licensed producer and seller of organic certified and premium cannabis, has published its inaugural Environmental, Social and Governance Report, covering January 1 and December 31, 2020.
Through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer, Rubicon Organics cultivates, processes and sells organic certified, sustainably produced, super-premium cannabis products, such as vaporizer pods. The company is based in Delta, Canada and has a revenue of $23m.
The ESG Report is informed by:
- Global Reporting Initiative (GRI) Standards
- The Ten Principles of the United Nations Global Compact (UNGC)
- The Sustainability Accounting Standards Board (SASB)
- The Task Force on Climate-related Financial Disclosures (TCFD)
Energy efficiency, employee diversity and a contribution to the local community
The highlights of ESG Report include:
- Rubicon’s inaugural materiality assessment has identified and prioritised key non-financial topics for stakeholders.
- Newly installed LED lights are 60% more energy efficient than traditional greenhouse lights.
- Rubicon has joined Climate Smart and committed to measuring its carbon footprint.
- The company has set ambitious reduction targets, such as 100% circular packaging and 80% waste diversion by 2025.
- The company has achieved 78% diversity across its employee base.
- An outdoor nursery has been built, made from 90% construction scrap materials, which has reduced waste sent to landfill.
- Rubicon has contributed to the local community, by spending over 50% of total procurement dollars with local suppliers.
Rubicon’s core values led to the ESG report
The company has demonstrated leadership in ESG standards, which CEO Jesse McConnell hopes will help the company succeed in proving their dedication to their core values of sustainability, growth, freedom and impact.
“We are proud to be the first cannabis company in Canada to launch an ESG report”, said Jesse McConnell, Chief Executive Officer of Rubicon Organics. “Not only does our ESG Report highlight where we excel, it also serves as a roadmap for how we are going to strive to achieve the highest standards in operation as we set out to make the Best Cannabis on Earth and for the Earth.”
Sherwin-Williams issues 2020 sustainability report
The Sherwin-Williams Company has issued its latest ESG disclosure: 2020 Sustainability Report: Building in the Good.
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development and sale of paints and coatings. It is headquartered in Ohio, USA, and has a revenue of $18b.
This covers inclusion, diversity and equity, as well as the response to COVID-19 and an appendix containing the Sustainability Accounting Standards Board (SASB) Index and the Company's Investor ESG Summary.
Sherwin-Williams sustainability successes
As detailed in the report, recent company achievements include:
- Reduced carbon emissions by nearly 17% since 2017
- Reduced employee injuries by nearly 50% since 2015
- Collected 2.5m gallons of paint for recycling since 2018
- Sherwin-Williams has developed the first non-BPA epoxy coatings for food and beverage cans
- In addition, the company has developed a powder coating comprised of 25% pre-consumer recycled plastic
- The number of sustainably advantaged products accounts for 30% of the product portfolio
- Forbes® Magazine has recognised Sherwin-Williams as one of America's Best Employers for Diversity, New Graduates, Women and Veterans
- Strengthened communities through employee service on more than 120 nonprofit boards and financial support of more than 800 nonprofit organizations.
"I am extremely proud of our global team's many accomplishments and the progress we continue to make while delivering value to our employees, customers, communities, shareholders and other stakeholders," says John G. Morikis, Sherwin-Williams Chairman, President and Chief Executive Officer. "This report reflects our holistic view of sustainability and an acceleration of our ESG journey, as we introduce new goals and aspirations under a redefined framework."
The company is not stopping here. Building on the experiences of the past few years, Sherwin-Williams has organised additional goals for the future.
Sherwin-Williams sustainability targets for 2030
By 2030, the Company intends to:
- Reduce greenhouse gas emissions by 30%
- Increase renewable energy to 50% of total electricity usage
- Reduce waste disposal intensity by 25%
Through life cycle thinking and a commitment to product stewardship, Sherwin-Williams aims to provide world-class products in a safe and responsible manner.