Apr 30, 2021

Top 10 business pledges for 2030

2030
Environmental
Net-Zero
Business
Helen Adams
4 min
Here are our Top 10 big businesses who are preparing their company for sustainable changes in 2030

Nine years into the future, the world will be a faster, brighter place, with the pandemic a distant memory. Scientists predict that 3D printed organ transplants will be in use and driverless cars will be on the road - but still no word on if they will fly.

2030 is a critical year, another decade milestone in the race to stop the planet's temperature from rising, which would have a devastating impact on billions of people. 

On Earth Day 2021, many international companies proclaimed people and planet positive goals for 2030, to do their bit in the race against climate change. 


 

AECOM

Headquarters: California, USA

Revenue: $13bn 

Infrastructure consulting firm AECOM has committed to reaching net-zero operations by December 2021, in addition increasing environmental offset schemes and transferring to an electric fleet.

The company also plans to achieve a net-zero value chain by 2030 and will work towards the 1.5C-aligned science-based targets.


 

L’Oreal

Headquarters: Paris, France

Revenue: €29m 

L’Oréal has launched a program called “L’Oréal for the Future”, which includes three specific commitments for 2030: 

  •  Ensuring all activities are “respectful of planetary boundaries”.

 

  •  Supporting the L’Oreal “business ecosystem” move towards being fully sustainable.

 

  •  Facing “the challenges of the world”, through showing support for social and environmental aspects in need of assistance.


 

Kingspan

Headquarters: Kingscourt, Ireland

Revenue: €4bn

International insulators Kingspan identified the lack of action taken in the fight against climate change and have set some 2030 goals for themselves:

  • Increase use of renewable energy by 60%
  • Install solar panels on all sites
  • Zero landfill waste 
  • 50% reduction in CO2 production
  • Collection of 100m litres of rainwater


 

Nestle 

Headquarters: Vevey, Switzerland 

Revenue: $93bn

“Tackling climate change can't wait and neither can we,” said Mark Schneider, Nestlé CEO. “It is imperative to the long-term success of our business. We will work together with farmers, industry partners, governments, non-governmental organizations and our consumers to reduce our environmental footprint.” 

The food giant aims to halve their emissions by 2030 and go on to achieve net-zero by 2050. Between those key dates, Nestle will investigate ways to offset remaining emissions.


 

Apple

Headquarters: California, USA

Revenue: $274bn 

Apple will become entirely carbon neutral across business and manufacturing by 2030 and its devices will be sold as "zero climate impact" items.

“We are firmly committed to helping our suppliers become carbon neutral by 2030 and are thrilled that companies who've joined us span industries and countries around the world, including Germany, China, the US, India, and France," says Lisa Jackson, Apple's vice president for Environment, Policy, and Social Initiatives.


 

Bank of America

Headquarters: California, USA

Revenue: $85bn 

Bank of America Corp. has dedicated $1tn to aid sustainability and low-carbon activities by 2030.

Back in 2007, the Bank of America created an environmental business initiative, where $200 billion has been spent on sustainable activities, ranging from asset-based lending, capital raising, bond underwriting and tax equity investments.


 

Volvo

Headquarters: Gothenburg, Sweden

Revenue: $40bn 

Fom 2030, Volvo Cars will only sell electric vehicles, something Volvo’s CTO feels is the logical step forward.

"There is no long-term future for cars with an internal combustion engine," said Henrik Geen.

After the UK set a ban on selling new diesel or petrol cars from 2030, Volvo encouraged The European Union to set a similar date.


 

Google

Headquarters: California, USA

Revenue: $17bn

Google made history as the first major company to reach carbon neutrality and becoming one of the biggest corporate buyers of renewable energy. 

The company now hopes to reach 24/7 carbon-free energy by 2030, using carbon-free energy generation and storage technologies, from working with governments to individuals to drive real change. 


 

Amazon

Headquarters: Seattle, USA

Revenue: $386bn

Amazon plans to have 100,000 electric vans on the road by 2030, which will reduce carbon emissions by 4 million metric tons per year by 2030.

In addition, Amazon will increase its usage of renewable energy, reaching 100% renewable energy use by 2030.


 

Honda

Headquarters: Tokyo, Japan

Revenue: $36bn

Honda plans to see complete electrification in Japan by 2030 and will follow up across the planet in the following years. 

“My hope is to hear people saying, ‘We are glad Honda exists,’” said Toshihiro Mibe, President and Representative Director of Honda. 

The company is also developing recyclable batteries.


 

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May 5, 2021

What is a circular economy?

circulareconomy
Sustainability
recycle
production
Helen Adams
3 min
A circular economy has nothing to do with backtracking, it's all about moving forward, sustainability and recycling. Here's how it works

Over the next few centuries, historians will be researching the impact of net-zero targets made during the Coronavirus pandemic. Teachers will be helping students to revise what happened on the day the last drop of oil was burned. Archaeologists will be wondering “How did we get into this mess?” as they dig through ancient 21st century landfill sites, where some of the single-use plastic used this week will be slowly rotting.

A circular economy is a model of production with a sustainable future in mind, where manufacturers are aware of the infinite and finite resources which they use. Let’s break down what a circular economy is - and what it is not.

 

The linear model of production 

A wasteful model of production is ‘take, make, dispose’, with a clear beginning, middle and an ending. 

Companies buy the resources needed to make their product at the lowest possible price. The company then sells as many of the product as they can at an affordable price tol make a profit. This profit goes back into buying more resources to make more products and expanding the company. For example:

Take: A manufacturer pays farmers for an ingredient and takes it to their factory. 

Make: The ingredient is used to make the desired item and sold to the consumer.

Dispose: When the product is no longer needed by the consumer, it is thrown away. The product may end up in landfill or the sea. 

 

Finite resources and space

Waste is sent to landfills and into the sea, locations which are not sources of infinite space. Some of the ingredients used to manufacture products are also finite..

If production remains at its current rate, the planet is expected to run out of many essential resources throughout the next century:

The fossil fuels oil, gas and uranium, are expected to run out in the 2040s, with the last lump of coal being mined in the 2050s. 

Fresh supplies of zinc, silver, copper and gold will also be finished, within the next decade. 

The ocean is suspected to contain more plastic than fish by 2050. Maybe even earlier if the plastic inside of the fish is included. The world’s largest landfill site is the Ghazipur garbage dump in India, which at one point was taller than the Taj Mahal (73m). 

A circular economy seeks to eliminate waste disposed of in the ocean and minimise the use of landfills. 

 

The circular economy model of production

A circular economy respects the space restrictions of current methods of production and waste, as well as the limit of materials and the environment.

Make: Manufacturers create something, with its future in mind. For example, 

Use: The consumer buys the item and uses it. When the item has served its purpose, the consumer can return the item to the manufacturer or take it to a dedicated location where it can be repurposed. 

Recycle: The item is taken away to be recycled, reused or repaired and begins its journey again, in the circular economy. 

 

Who is implementing a circular economy?

As reported by Sustainability, retailer H&M has started a new initiative, Looop, where customers can donate their old or unwanted clothes at their local branch. These items are sent off to be remade into new products and sold to a new consumer.

Water, our planet's most precious resource, is naturally recycled - we collect water, use it and then flush it away. It is believed that every water molecule has been drunk at least four times, including by dinosaurs. So it’s only natural for recycling to permeate every other aspect of our lives in the circular economy. 

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