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Camille Tadena
Camille Tadena Verified Account
Writer, Editor and Sustainability Enthusiast
Freelance writer-editor passionate about inspiring positive change through impactful storytelling.
Climate Change Equality Investment Stewardship Sustainability

Camille is a freelance writer and editor based in the Philippines, with over a decade of experience creating compelling content for diverse industries. She has worked with various organizations, including environmental solutions providers and online publications, to help communicate their commitments to sustainability. Holding a Psychology degree, Camille takes a research-based approach and draws on her understanding of human behavior and motivation to present data-driven insights in a way that resonates with a broader audience, making sustainability, ESG and responsible investing topics more accessible. As a professional communicator, she is passionate about harnessing the power of words to inform perspectives, shift mindsets and drive positive change. She aims to help raise awareness about pressing environmental and social challenges, spotlight potential solutions and promote responsible business practices through her writing.

How an ESG-based Approach Can Drive Sustainable City Development
How an ESG-based Approach Can Drive Sustainable City Development
Despite the willingness and commitment of countries to limit global warming to 1.5°C, the latest UN Emissions Gap Report for 2023 shows that the international community is likely to fall short in meeting its Paris Agreement emissions reduction targets. Some of the reasons behind this include shortages in policymaking and delays in the implementation of solutions. Meanwhile, the World Economic Forum’s Global Risk Report 2023 shows that failure to mitigate climate change, failure of climate change adaptation, natural disasters and extreme weather events as well as biodiversity loss, were ranked as the top four risks within the next 10 years. With cities accounting for two-thirds of energy consumption and producing over 70% of the world’s carbon emissions annually, not to mention the growing urbanisation trend, it becomes apparent that cities play a crucial role in tackling environmental and social issues. By implementing a robust environmental, social and governance (ESG) framework, cities and local governments will be able to evaluate and address these challenges in a structured manner while ensuring good governance. So how can cities adopt a holistic ESG-based approach to development? Here are what cities and local governments can do to uphold a strong ESG commitment..The Environmental Pillar of ESGWhen talking about the environmental aspect of the ESG framework, the main goal of cities must be to achieve net-zero targets through proper waste management, pollution reduction and generation of clean energy. Accelerating the development and implementation of regulations that reduce greenhouse gas emissions across various sectors such as transportation and energy is one of the first steps that cities can take. For instance, New York City has enacted new regulations on building-related emissions as part of the Climate Mobilisation Act, which aims to achieve a 40% reduction in emissions by 2030. One of these new regulations is Local Law 97, which focuses on the energy efficiency of large buildings. Meanwhile, Zurich amended the canton’s constitution to include an article calling on authorities to build frameworks for the treatment of resources, materials and goods to reduce waste and energy consumption. It is the first of the 26 cantons of Switzerland to include the circular economy in its constitution. Aside from implementing policies and regulations, it is also important to integrate net-zero objectives into strategic city planning. For example, Singapore has created and is implementing the Green Plan, which aims to accelerate its sustainability efforts and help achieve long-term emissions targets. This national movement towards sustainable development focuses on five core pillars: City in Nature, Energy Reset, Sustainable Living, Green Economy and Resilient Future. Furthermore, to achieve net-zero targets, local governments must provide enough services and infrastructure to support these sustainability goals. For instance, the Dubai Electric and Water Authority launched the EV Green Charger initiative, which involves providing charging solutions across Dubai and acquiring electric vehicles (EVs) for their fleet. This initiative has contributed to the Emirate’s achievement of a 16% emission reduction by 2019.The Social Pillar of ESGWhen it comes to the social aspect of ESG, the main focus of cities should be on addressing inclusion and social cohesion.One way to do this is to develop policies that promote inclusivity, particularly of vulnerable groups. Take, for example, Sydney’s inclusive and accessible public domain policy. It aims to set standards for designing public spaces and infrastructure for equal access, even for people with disabilities. Meanwhile, social issues can be addressed by integrating them into local strategic plans, just as how Berlin’s Diversity Strategy promotes diversity in recruitment and inclusive public communication. It ensures everyone enjoys equal opportunities regardless of their age, gender, ethnicity or disability. Furthermore, inclusivity also involves providing municipal services to all members of society. In Albania, six local government units were covered in the UNDP’s Improving Municipal Social Protection Service Delivery programme. This programme is aimed at improving the quantity and quality of social services delivered to marginalised populations, people with disabilities, women, children, migrants and refugees.The Governance Pillar of ESGFor the governance aspect of the ESG framework, cities should focus on forging partnerships between various stakeholders such as civil society groups, NGOs, international multilateral organisations, government entities and the private sector. There should also be robust supply chain management policies that take into consideration the ESG impact of suppliers. To ensure that socio-economic development and environmental goals are achieved, local governments must provide sufficient funding for sustainability initiatives. They must also ensure full transparency and accountability regarding budgeting, city decisions and project progress updates. Furthermore, metrics must be set, measured and monitored consistently to evaluate the city’s ESG performance and optimise the strategy accordingly.Advancing ESG for Sustainable Urban Development The path to sustainable urban development is filled with challenges. However, by embracing an ESG-based approach, cities and local governments can address current issues such as climate change, social inequality and governance challenges holistically. Through collaboration with local businesses, civil society organisations and citizens, it is possible to develop and manage better cities not only for the current generation but also for the next ones to come.
0 Comments   7/30/2024
Navigating the Path to a Sustainable Future: Prioritising Green Skills Development
Navigating the Path to a Sustainable Future: Prioritising Green Skills Development
Climate change is very real, and its effects can be felt across the world. Heat waves, wildfires, deforestation, water shortages, biodiversity loss—the list goes on and on. With millions of people already displaced by climate change, it’s not a secret that this pressing environmental issue will continue to have devastating effects if people don’t change their ways. As climate change significantly impacts local labour markets and global supply chains, a crucial realisation emerges– there’s a green skills gap waiting to be filled. This article aims to explore the importance of investing in green skills development to drive the transition to a more sustainable economy and the opportunities presented by green skills development.The Need for Green SkillsGlobal labour markets have been under immense pressure lately. First, there was the Great Resignation, where millions of workers left their jobs in 2021 for a variety of reasons, including job insecurity, toxic company culture and their company’s poor response to COVID-19. Following this is the Great Reshuffle, where employees start looking for more fulfilling roles with purpose. Amid these labour market disruptions and the need for climate change action, both employees and employers are realising one thing– there’s an existing green skills imbalance due to the significant shifts in the world of work. More importantly, in order to transition to a green economy, it’s essential to identify, evaluate and develop the necessary green skills. Failing to do so may result in the loss of an estimated 71 million jobs globally as the economy transitions to a circular economy. On the other hand, investing in reskilling and implementing smart policies could produce more jobs, with the energy sector alone generating a net growth of 18 million jobs. As consumers, investors and workers increasingly hold organisations accountable and shift their preferences towards more sustainable choices, it’s clear that businesses need to implement environmentally responsible practices to become future-proof. While making changes such as eliminating fossil fuels will hit some industries harder, it’s also important to note that over 1.47 billion jobs across the world depend on a stable climate. With industries undergoing constant innovation to become more sustainable, it’s safe to say that there are jobs that are yet to be invented. Thus, the potential demand for green skills cannot be underestimated.Strategies in Shifting to a Green Skills EconomyThe challenges in shifting to a green skills economy and building a sustainable future are not easy to overcome. However, when addressed effectively, governments, businesses and employees can enjoy various opportunities. There are various strategies in driving the shift to a green skills economy, including implementing smart green policies that build a future-proof workforce and inclusive, functional labour markets. Playing a crucial role in policymaking, governments must consider that industry changes will occur at different times and in different places. While job losses may occur instantly, jobs will be created at a more gradual pace, which is why it’s essential to put strategies in place to protect workers rather than jobs and promote labour market flexibility. Furthermore, by considering the workforce as a valuable asset, spending on green skills development should be regarded as an investment rather than an added cost. Meanwhile, employers must be proactive in mapping green skills requirements to get started with reskilling and reemploying as soon as possible.Through apprenticeships, vocational education and other trainings, employers can build their own talent pool and establish diverse entry points into their company. Furthermore, they can leverage green skills development and sustainable employment as their brand advantage and attract the right talent. By putting individuals as the centre of the transition, companies can tap into workforce expertise for future success. Similarly, individual employees must be proactive enough to take ownership in upskilling and actively seeking opportunities for learning and growth. They must keep in mind that to ensure employability and career success, embracing lifelong learning and career flexibility is a must.Green Skills Development as a Prerequisite to Achieving a Sustainable FutureInvesting in green skills development and the transition towards a greener, more sustainable future are interconnected. They are intrinsically linked and shape each other in many ways. The transition towards a green economy can significantly impact the labour market and bring about significant changes in the demand for skills. On the other hand, without closing the gap in green skills, it becomes increasingly difficult to achieve progress in the transition towards a greener future. Furthermore, to ensure a just and inclusive transformation, all stakeholders, including governments, businesses and employees must work together on a new social contract that prioritises the development of green skills, supports employees through the transition and builds sustainable economic growth. It is only through collective effort and shared vision will it be possible to ensure that everyone moves forward together and that nobody gets left behind.
0 Comments   7/30/2024
Beyond Economic Gains: Exploring AI's Transformative Role on Sustainability
Beyond Economic Gains: Exploring AI's Transformative Role on Sustainability
The dawn of the new AI era has accelerated digital transformation in various industries, touching many aspects of people's lives. As these profound advancements unfold amidst pressing sustainability issues, it is critical to think ahead about the opportunities and risks that AI will bring for the economy, society and environment. With sustainability becoming an urgent priority, how can AI become a tool for driving progress towards a more sustainable future?  Measuring Sustainability Impacts As sustainability has become a top consideration for both consumers and investors, companies are exploring new ways to quantify their sustainability efforts and highlight their contributions. Frameworks like Environmental, Social and Governance (ESG) and Sustainable Development Goals (SDG) are being used by popular rating agencies like S&P Global to produce sustainability indices for companies. These help investors benchmark long-term impacts and returns and guide their decision-making. Amid the growing demand for quantitative sustainability insights, an all-time high of 96% of S&P 500 companies published sustainability reports in 2022, a huge leap from 20% in 2011. However, with the diverse subjective interpretations of what counts, there's an opportunity to refine these metrics. AI presents a strong potential to advance sustainability measurement, translate sustainability ideas into transparent action, and report on the impact of these initiatives.How AI Can Accelerate Sustainability Efforts With its ability to provide better information, in-depth data analysis, and predictive capabilities, AI plays a transformative role in addressing sustainability challenges. It empowers people and organizations to make responsible choices, delivers more accurate predictions to better adapt to climate change, and optimizes sustainability efforts for greater impact. The United Nations, European Union and World Economic Forum perceive AI as a powerful tool for agile, informed decision-making and scientific breakthroughs. From real-time monitoring of weather events to predicting future energy consumption and carbon dioxide emissions, AI can play a pivotal role in addressing environmental issues. According to Google and Boston Consulting Group's recent report, AI can potentially mitigate 5-10% of global greenhouse gas emissions by 2030. This is close to PwC UK’s estimate of a 4% AI-enabled reduction in global greenhouse gas emissions, which is equivalent to the combined 2030 annual emissions of Australia, Canada and Japan. On top of its potential environmental impacts, AI's application across agriculture, water, energy, and transport could contribute up to US$5.2 trillion to the global economy in 2030 and create 38.2 million net new jobs.With AI's ability to analyze large-scale interconnected databases to develop coordinated sustainability initiatives, it can also facilitate the building of smart cities and circular economies that foster efficient resource and energy usage. Simply put, AI can strike the balance between empowering a productive economy and driving positive environmental outcomes. The Potential Downsides of Increasing AI Adoption While AI brings significant improvements to people’s daily lives and helps address sustainability challenges, it is also important to consider potential trade-offs and concerns about its impact on society and the environment. The EU voices concerns about a possible increase in energy consumption and, consequently, carbon emissions. This is because the research and commercial development of AI technologies require significant computational resources only available through massive data centers. Policymakers play a key role in countering these adverse environmental impacts by spreading awareness, promoting data sharing, and encouraging private sector cooperation. As AI development hinges on insights gained through data analytics and resources that may be inaccessible to low- and middle-income countries, there is also growing sentiment about its potential to widen the economic gap. With AI emerging as a new source of employment opportunities, increased training and development initiatives, as well as making AI technology more accessible in lower income countries, must be considered to drive equality. Governments can build a future-ready workforce by working with corporations to develop or expand AI and climate-related upskilling programs. Along with the rapid adoption of AI come growing concerns about ethical development and deployment, data security, and privacy. While regulations around AI governance are emerging in different parts of the world, such as the 2023 EU AI Act, which is the first comprehensive human-centered AI legislation in the world, there is room for improvement when it comes to governance around AI. S&P Global expects that 2024 could bring several more regulations globally to ensure effective governance and ethical practices.The Road to a Sustainable Future Requires Collaborative Effort The series of industrial revolutions over the last two centuries has led to significant advancements in our society. Today's AI era is no different. However, to maximize AI's potential, avoid pitfalls, and create a sustainable future, collaboration should be at the core of AI adoption. Scientists, policymakers, business leaders, and the general public should consider knowledge exchange and responsible AI development and usage as a collective responsibility. Wide participation will allow diverse perspectives and voices to shape how AI intersects with climate action and other social initiatives. In the end, AI is just a tool, and building a sustainable future is only possible if the entire community works hand-in-hand towards a shared vision.
0 Comments   7/3/2024
Innovation for Good: How Innovation Can Preserve Biodiversity
Innovation for Good: How Innovation Can Preserve Biodiversity
The concept of biodiversity covers all life forms and the ecosystems they inhabit. Just like an intricate web, it refers to the interconnectedness of diverse species, from predators to prey and microorganisms. With each species playing a role in the web of life, the demise of one can lead to negative rippling effects on others. However, biodiversity loss occurs at an unprecedented rate across the world, and it is affecting humanity in profound ways. In this article, we will take the time to understand the significance of biodiversity and explore the innovations that are aimed towards preserving biodiversity.The Importance of BiodiversityKnowing the importance of biodiversity is the first step towards understanding why its loss is a pressing environmental issue and how it can also affect the economy. Ecosystems are essentially like puzzles, and each species represents a unique puzzle piece. When one is missing, the balance will be disrupted. However, biodiversity ensures that ecosystems remain resilient amid changing environmental conditions. Healthy ecosystems also provide clean water, pollination and climate regulation, which are all required for human’s survival. Pollinators, such as bees and butterflies, facilitate the reproduction of plants, including many of the crops that people eat. On the other hand, wetlands and forests filter pollutants from water, providing clean water supplies, while oceans and forests also store carbon for climate regulation. Furthermore, by regulating the populations of disease-causing organisms, biodiverse ecosystems can contribute to disease control. In terms of its impact on the economy, latest research from PwC finds that 55% of the world’s gross domestic product (GDP), which is equivalent to approximately US$58 trillion, is moderately or highly dependent on nature. Despite this, biodiversity is under severe threat, with a million species on the brink of extinction and wildlife populations experiencing a 69% decline in the last five decades. Meanwhile, the funding required to minimise biodiversity loss and facilitate the transition towards sustainable practices is lacking by US$700 billion per year. Regardless, there’s still hope, as new policies are being implemented to avoid irreversible biodiversity loss. For example, new laws have taken effect in England that mandate builders to contribute to enhancing natural ecosystems and compensate for the loss of nature. The European Union’s Nature Restoration Law has also set a target to restore ecosystems on at least 20% of its land and seas by 2030. However, preventing biodiversity loss will require more than just policy changes and corporate commitments. Society can make significant strides by leveraging the power of innovation.How Innovation Can Prevent Biodiversity LossBy leveraging the power of technology and collaboration, innovative solutions are being developed and implemented to address the challenge of biodiversity loss. For instance, UK-based startup NatureMetrics uses state-of-the-art genetic techniques to monitor biodiversity. It gathers and analyses environmental DNA or traces of DNA in water, sediments and insects, and then feeds the data into interactive maps, charts and dashboards. This will help businesses, governments and NGOs develop useful indicators for reliable measuring and tracking of investments in biodiversity. Meanwhile, US-based startup Boomitra uses AI and remote sensing to monitor, report and verify carbon content in soils. This purpose-driven company, which was one of the recipients of the Earthshot Prize, works mainly with farmers and ranchers to increase their soil carbon capture and yields while earning additional income through carbon credits. Boomitra currently manages over 5 million acres of land and sells carbon credits to companies and governments. There are also innovation companies that are helping organisations grasp the value of investing in the preservation and restoration of nature. For example, Colombia-based startup Terrasos has pioneered biodiversity credits and habitat banks. These initiatives aim to restore land damaged by activities such as mining and agriculture. Meanwhile, ViridisTerra’s TreesofLives platform leverages biotechnology to restore and develop degraded land, lowering the cost of restoration and carbon sequestration while generating excellent return on investment for its clients. Then there are also others that bring significant socio-economic impact and positively disrupt value chains, such as COOPAVAM, which is a Brazil-based smallholder farmer cooperative. They work closely with indigenous collectors in the Amazon and pay them up to 80% more than commercial middlemen, on top of the training, equipment and technical support they provide.Maintaining Biodiversity Through Collaboration and InnovationThe detrimental effects of biodiversity loss on the economy and society as a whole are reminders that humans are not separate from nature but are rather connected to a large, interdependent system. Maintaining biodiversity requires collaboration among governments, companies, investors, landowners, farmers, project developers and other stakeholders. Only with an alignment of goals and interests will it be possible to set standards and produce outcomes geared towards a sustainable and biodiverse future. Furthermore, leveraging innovation to promote biodiversity proves to be an excellent way to strike the right balance between economic, environmental and social aspects. It increases the efficiency and effectiveness of initiatives that preserve the health of ecosystems, humans’ wellbeing and the lives of future generations.
0 Comments   7/30/2024
Top 5 Waste Management Technologies That Revolutionise Sustainability Efforts
Top 5 Waste Management Technologies That Revolutionise Sustainability Efforts
As urban population and consumer culture significantly grow in the last few decades, the amount of waste generated increases continuously. Global waste is expected to surge by 70%, reaching 3.4 billion tonnes by 2050 from 2.01 billion tonnes in 2016. With these contributing factors showing no signs of slowing down, communities are leveraging waste management technologies to reduce their environmental impact. In this article, we will explore how companies and cities are adopting innovative solutions for greener, more efficient waste management. 1. Pneumatic Waste Collection SystemMany hospitals and warehouses already have pneumatic waste collection systems in place. Also called automated waste collection or pneumatic refuse collection, pneumatic waste collection is an innovative solution that eliminates the need for fuel-based trucks to pick up trashUnlike traditional waste collection methods, it involves pneumatic waste pipes that form an underground waste collection system. With the help of valves, waste items that go through the tubes are propelled by high-pressure air to a designated, centralised destination. At the collection point, waste is segregated into distinct categories for composting, recycling and landfill disposal.One example of pneumatic waste collection in action can be found in a residential development in Al Raha Beach, Abu Dhabi. With its fully computerised system and tightly sealed underground vacuum pipe network, no waste or odour escapes to the surrounding areas.Another real-life application of this system can be seen in Songdo International Business District, where a combination of pneumatic pipes and IoT-enabled garbage disposal bins work together to collect waste straight from buildings. 2. E-waste kiosksImproper disposal of electronic waste can result in toxic emissions that affect both human and environmental health. However, with e-waste recycling kiosks installed in numerous spots around the world, consumers can trade in their used electronics for cash, incentivising the proper disposal of e-waste.A San Diego-based startup called ecoATM developed an automated kiosk to buy and recycle electronic devices. With over 5,000 ecoATMs installed across the US, it is easier than ever for people to sell their used gadgets whenever they like. Hence, it’s a win-win situation for both the environment and people’s pockets.3. AI-powered Waste SortingMistakes in segregation that lead to improper waste disposal can disrupt the recycling and reuse processes. To ensure that waste is detected and sorted into the right categories, advanced systems utilise sensors, cameras and algorithms. Because the process has been mechanised, sorting trash is no longer tedious and time-consuming. Through cameras, automated garbage sorting systems track incoming waste. Sophisticated algorithms will then categorise them according to size, form and content.Italy-based multi-utility firm HERA is a real-life example of AI-powered waste sorting. HERA partnered with IBM to create an AI-based solution that captures video of incoming waste and identifies trash automatically. By using smart waste management technology, it can identify incoming waste for reuse and recovery, keeping cities clean.4. Smart waste binsSmart waste bins help modernise waste management by using sensors that detect trash levels and alert users when they’re full. This doesn’t only allow people to monitor disposal habits but also optimise trash pickup scheduling for efficient fuel consumption.One real-life example of smart waste bins is developed by a Poland-based company called bin-e. Their smart waste bins are placed at different public places, allowing people to simplify recycling by sorting and compressing waste automatically, controlling the fill level and processing data for seamless waste management.5. Solar-powered trash compactorsSome waste management technologies don’t only improve waste disposal but also use clean energy. Solar-powered waste bins typically come with sensors for tracking fill levels, and some even have pre-installed compactors to hold more waste than traditional trash bins.An example is Ecube Labs’ innovative waste management solution, which harnesses solar energy to compact trash. It can hold 5 times more waste than regular garbage bins and therefore eliminates the need for frequent emptying.Because they use solar power, these trash compactors can be installed in both urban and remote areas. They help minimise the load on centralised waste disposal locations and make waste management more efficient.The Future of Waste ManagementFrom pneumatic waste collection systems to e-waste kiosks and AI-powered waste sorting, these advanced technologies play a game-changing role in waste management operations. They represent a significant step towards minimising environmental impact and promoting sustainability while boosting efficiency at the same time. As the world’s climate problem continues to worsen, governments, businesses and the general public must all work together to reduce their waste and carbon footprint. By embracing waste management technologies and prioritising their implementation, we can address pressing environmental issues and build a cleaner and greener planet for future generations.
0 Comments   7/30/2024
Blockchain for Sustainability: Combating Greenwashing with Blockchain
Blockchain for Sustainability: Combating Greenwashing with Blockchain
Environmental, social, and governance (ESG) initiatives have received a lot of attention in recent years. However, ESG impact assessments are no longer as accurate and credible due to greenwashing. Essentially, greenwashing is when a company deceptively overstates or misrepresents its environmental efforts to create a false perception of its sustainability commitment. However, with blockchain's inherent characteristics of transparency, traceability and immutability, this technology can be used to hold companies responsible for their ESG obligations. In this article, we will delve deeper into the consequences of greenwashing and explore the real-life applications of blockchain in combating this misleading practice.What is Greenwashing?In today's age of environmental awareness, the term "greenwashing" has grown in popularity. It describes the practice of representing goods, services or business endeavours as eco-friendly, even when they don't truly adhere to sustainability standards or criteria. North American companies openly admit to engaging in corporate greenwashing at a surprising rate of 72%, which is 24% higher than the global average. Moreover, the rise of greenwashing is also evident in the financial industry, with the number of global banks and financial service companies engaging in this practice increasing by a whopping 70% between 2022 and 2023. Remarkably, more than half of these incidents involved banks having ties to oil or fossil fuel companies, which directly contradicts their pledges to sustainability. Greenwashing can come in many different forms. Some examples may include a food company showing a picture of a tree or leaf on its product labels, implying sustainable sourcing practices; an automaker advertising its vehicles as zero-emission without quantitative data on emissions; or a corporation claiming their alignment with ESG policies on social media with no verifiable records.These examples only highlight how widespread and easy it is to practice greenwashing. While they may appear like “innocent” marketing activities, they can have serious effects on consumers and the environment. Misleading marketing can influence consumers’ decisions and lead them to make uninformed choices. Because greenwashing is so common, businesses that are genuinely committed to sustainability may find it difficult to win over customers and investors. Furthermore, it may redirect funds from genuine sustainability initiatives, hindering the development of more sustainable practices and causing environmental harm.How Blockchain Can Help Prevent GreenwashingBlockchain technology is becoming a powerful tool to combat greenwashing and support genuine sustainability initiatives. Aside from holding companies accountable by bringing transparency and verifiability to green reporting and certification, it also secures and automates the processes. Here are the ways blockchain prevents greenwashing: Immutable recordsBlockchain can record environmental data and certificates in an immutable ledger. Data integrity is guaranteed, as information added to the blockchain cannot be changed or removed. TraceabilityBlockchain's traceability feature promotes transparency and accountability. Stakeholders, such as investors, regulators, and consumers, can obtain up-to-date, transparent information regarding the environmental impact of a product or company. Verified data sourcesBy using blockchain technology to validate data sources, environmental data may be guaranteed to come from reliable sources. The equal access to independent, decentralised record verifiers also reduces the risk of inaccurate information. Smart contractsAutomating certification processes is possible with smart contracts. By executing predetermined actions only when certain circumstances are met, blockchain lowers the risk of manipulation or human error.Real-life Applications of Blockchain for SustainabilityA large number of market players understand the need for blockchain technology, and some have even begun to reap its benefits. Here are some real-life applications of blockchain for sustainability initiatives: Emissions Tracking and Carbon Credits Digital tokens representing carbon credits are digitally created using blockchain technology. On blockchain platforms like the one developed by IBM, these credits can be bought and traded to encourage environmental preservation and lower greenhouse gas emissions. By streamlining the verification and trading of these credits, it's easier for businesses and individuals to take part in carbon offset programmes. Renewable Energy TradingOne of the use cases of blockchain in the energy sector is peer-to-peer trade of renewable energy. Businesses and individuals may now directly purchase and sell excess renewable energy, thanks to platforms developed by companies like Power Ledger and LO3 Energy. This encourages the use of sustainable energy sources and minimises dependency on fossil fuels. Certifying Sustainable PracticesGroups like the Rainforest Foundation and Fair Trade use blockchain to verify the sustainability of products. These companies can provide consumers with verifiable evidence of ethical and ecologically conscious practices by using blockchain technology to record the manufacture and delivery of sustainably sourced products. Switzerland-based climate protection leader Carbon Connect AG also uses blockchain to issue voluntary cancellation certificates, leveraging the transparency and integrity of the certificates to promote efforts against greenwashing. Traceability of Provenance and Supply Chain Several businesses tap into blockchain to improve supply chain transparency and give consumers the ability to track products from source to shelf. For example, to reduce the incidence of illegal fishing and promote responsible sourcing, the seafood industry has witnessed partnerships between blockchain companies and organisations like WWF and OpenSC. Waste ManagementThrough blockchain solutions, communities and companies can track recycling efforts and offer tokens or discounts to those who practice eco-friendly habits. For example, Plastic Bank rewards plastic collectors with blockchain-based tokens to encourage the recycling of plastic.The Fight Against GreenwashingAs consumers and investors become more environmentally conscious, shady businesses increasingly pose a risk of misleading them through greenwashing. Fortunately, blockchain's transparent, immutable and traceable nature positions it as an effective tool to ensure that sustainable claims are supported by genuine efforts and commitment. In a world where consumers demand authenticity, organisations can leverage emerging technologies like blockchain to not only foster stakeholder loyalty and confidence but also track their progress in meeting sustainability goals accurately.
0 Comments   8/6/2024
Here’s How Companies are Building Sustainable Supply Chain Through Automation
Here’s How Companies are Building Sustainable Supply Chain Through Automation
With supply chains accounting for more than 90% of an organization’s greenhouse gas emissions, there has been an increasing focus on sustainability initiatives in this area. The process of building a sustainable supply chain involves mapping the entire workflow and integrating sustainable practices to decrease carbon footprints. By leveraging the power of automation, core processes such as inventory management, logistics, and waste management can be streamlined, increasing efficiency for a higher ROI while reducing environmental impact. In this article, we’ll delve deeper into the importance of sustainability in supply chains and the different ways companies use automation technologies to enable more sustainable practices.The Growing Focus on Sustainable Supply ChainsThe recent Global Sustainability Study by the global strategy and pricing consultancy Simon-Kucher & Partners revealed that 85% of people feel that their purchase behaviour has shifted towards being more sustainable in the last five years. Furthermore, 34% are willing to pay more for sustainable products or services. As consumers become more conscious of the environmental impact of their shopping habits, there has also been a paradigm shift in the sustainability mindset of businesses in recent years. With companies poised to face up to US$120 billion in costs from environmental risks in their supply chain, it makes even more economic sense to adopt operational measures to drive sustainability in this area. Harnessing the Power of Automation for Efficiency and SustainabilityHere are the ways leading organisations leverage automation to enhance efficiency while adopting greener practices across their supply chain.Route OptimisationWith 37% of CO2 emissions coming from logistics transportation, optimising routes can reduce a company’s carbon footprint by lessening the time delivery vehicles spend on the road, air or water. One example is IBM’s Supply Chain Insights platform, which analyses traffic, weather and other factors in real time to determine the best shipping routes in terms of cost and environmental impact. Additionally, Walmart automates its inventory management through AI, enabling more efficient shipping across its 4,700 facilities.Efficient Scaling of ProductionAs demand for consumer goods fluctuates, manufacturers aim for more dynamic production. Through machine learning, massive historical data can be analysed and used to design production lines that adjust to changes in demand. AI-enabled IoT devices are also being installed in manufacturing equipment to predict potential disruptions in production. Recently, PepsiCo analyzed over 300 million machine hours to develop algorithms that can recognise patterns of malfunction and deploy preventive measures. By saving time and repair costs, this boosts value chain efficiency.Reducing WasteApproximately $163 billion worth of goods is being thrown away every year due to damage or oversupply. Improper disposal leads to soil and water contamination, air pollution, and other detrimental effects on the environment. Through IoT sensors, suppliers can gain real-time insights at every stage of the process. This allows them to manage waste more efficiently. For instance, delivery trucks equipped with interconnected devices and analytics can monitor the status of perishable goods based on a preset scale. When a shipment is delayed and products reach a predetermined limit, sensors will notify suppliers so they can reroute the shipment to a closer sorting facility. This helps suppliers minimise waste and save costs.Automation of ProcessesHuman errors in supply chain can negatively impact the environment. For instance, if an online retailer delivers the wrong product due to a clerical mistake, shipping the correct item means increased carbon emissions and energy consumption. Such manual errors are less likely to happen when processes are automated. Workflow automation can provide more accurate data for strategic decision-making while reducing costs by up to 90%. Furthermore, it boosts productivity by allowing teams to move away from manual busywork and focus on higher-level tasks.Carbon-Neutral Transportation Experts estimate that by 2030, there will be 36% more delivery vehicles on the road worldwide, adding roughly 6 million metric tonnes of carbon dioxide (CO2) emissions. Automating deliveries through electric self-driving trucks instead of using diesel vehicles can reduce carbon emissions by over 63%. While autonomous vehicles are not yet mainstream, self-driving trucks may be seen in California this year. In the meantime, delivery robots and drones could be a more practical choice. According to research, integrating them into an existing supply chain can result in a 90% reduction in energy consumption per package compared to other vehicles.Energy-Saving Technology IntegrationsEnergy production and consumption across the supply chain directly lead to environmental issues such as air pollution and water and soil contamination. Through automation, businesses can improve energy management. AI-powered smart sensors can track energy usage and regulate it to improve equipment scheduling. The data gathered by these sensors can also be analysed to identify and address inefficiencies and guarantee peak performance.Joining the Sustainability MovementConsumers play an equally crucial role in maintaining supply chains that are environmentally responsible. For example, one can lessen their impact on the environment by driving fewer miles when they purchase locally and sustainably sourced goods. Hence, to keep supply chain sustainability at the forefront of buying decisions, it’s important to educate consumers and spark conversations about it. Strategic partnerships are always beneficial to the environment when they’re used to enhance eco-consciousness. The manufacturing, warehousing, and distribution industries are undergoing an ESG-focused transformation, and businesses will benefit from exploring automation options to support their sustainability efforts, stay ahead of the competition and grow rapidly.
0 Comments   7/30/2024
Prioritising Forest Protection Over Tree Planting: Why Forest Conservation Brings More Impact
Prioritising Forest Protection Over Tree Planting: Why Forest Conservation Brings More Impact
Despite high project failure rates and the unintended negative impacts of tree planting, over 100 companies have still pledged to support the World Economic Forum’s Trillion Tree campaign. Furthermore, a recent study found that in the last two decades, 98% of Fortune 500 companies in France, Switzerland and the United Kingdom have engaged in tree planting. In the US, tree planting has also gained massive support, with 90% of Americans in favour of this environmental initiative. While there’s no denying that tree planting can generate positive results, with planting urban forests in megacities alone bringing benefits equivalent to approximately US$500 million per year, is it really the best strategy to restore biodiversity and address the issue of climate change? Or is there a better solution? In this article, we will explore why businesses should prioritise protecting forests rather than planting trees.Rethinking Tree Planting InitiativesMany tree planting programmes lead to biodiversity loss rather than taking society closer to a sustainable future. For instance, Mexico’s Sowing Life campaign led to the destruction of over 180,000 acres of forest in its first year. In China, the Grain for Green initiative resulted in a 6.6% decline in native forest cover due to the planting of single species of trees. Projects in other parts of the world have also destroyed non-forested ecosystems through afforestation, or the act of planting trees in places where forests would not otherwise occur. Even if people could match the rate of forest loss by planting enough trees, the large trees and mature ecosystems that make forests havens for biodiversity and robust carbon sinks will take centuries to achieve. Hence, a more effective, low-cost approach that has an immediate positive impact is to prevent deforestation. However, it’s important to note that while tree planting is not the same as protecting forests, there are some situations where planting trees is the best way to achieve desired results. One example is achieving tree equity in cities to improve air and water quality, reduce temperatures and enhance the overall quality of life.The Benefits of Protecting Forests With the livelihoods of over 1.6 billion people, including more than 2,000 indigenous cultures, relying on forests, it’s easy to understand why it’s crucial to conserve forests. Home to more than 80% of terrestrial species of plants, animals and insects, forests play a crucial role in maintaining biodiversity and combating climate change. Detailed below are the key benefits of protecting forests:1. It keeps people healthy.Aside from providing fresh air and clean water, forests are also a critical source of medicine. In fact, up to 25% of all medicinal drugs in developed countries are plant-based. This rate is even higher in developing countries, where as much as 80% of medicines are derived from plants. Furthermore, access to forest-based food systems has been associated with dietary diversity, which leads to better health. With indigenous communities consuming numerous types of wild food they harvest in forests, deforestation threatens their food source.2. It preserves biodiversity and fights climate change.Between 2015 and 2020, around 10 million hectares of forest globally have been lost, and a much larger area of land suffers from degradation. The environmental consequences of deforestation are significant. Aside from contributing a large amount of harmful greenhouse gases, it also threatens species that naturally live in forests. With this, protecting and restoring forests can help address the pressing climate change issue and prevent biodiversity loss– all while being an excellent source of food, medicine ingredients and other goods. 3. It can generate millions of green jobs.Forests provide more than 86 million green jobs and support the livelihoods of millions of people. With over 90% of those living in extreme poverty relying on forests for wild food, firewood and other aspects of their livelihood, investing in forest protection and restoration makes economic sense. The Great Green Wall project, which aims to restore 100 million hectares of degraded land and sequester 250 million tonnes of carbon by creating an 8,000 km green belt across Africa, will also create approximately 10 million green jobs. Upon successful completion, this project is also expected to be the largest living structure in the world, with an area three times bigger than the Great Barrier Reef in Australia.Forest Protection for Planet Health and Economic RecoveryInvesting in forest protection and restoration plays a key role in the recovery of our planet’s health and economy. Its benefits for communities and the environment are undeniable, which is why companies and governments must go beyond tree planting initiatives and consider integrating forest conservation into their environmental commitments. By working together to restore forests on a massive scale and reverse the degradation of land and ecosystems, we can significantly improve ecological resilience and build a greener future.
0 Comments   7/30/2024
Balancing Financial Gains and Sustainability Through Green Investing
Balancing Financial Gains and Sustainability Through Green Investing
As the fight against climate change intensifies and companies strive to achieve Net Zero emissions, green investing becomes a growing trend among investors who are looking for opportunities to generate positive financial returns while aligning their portfolios with the global transition to clean energy and sustainable practices. Based on the latest statistics, investments in key sectors for green recovery are expected to amount to nearly US$10.2 trillion from 2020 to 2030. In this article, we will take a closer look at the different financial product options for investors looking to make responsible investments and capitalise on these changes in the investment landscape.The Growing Interest in ESG InvestingIn recent years, there has been a shift in investor sentiment. More and more investors are using Environmental, social, and Governance (ESG) considerations as their guide in making investment decisions. According to a 2021 survey, the majority of ESG investors started investing in ESG-related products within the past five years, and 67% of these investors plan to buy more shares of ESG-focused companies. From fighting the effects of climate change to social issues, ESG investing allows investors to direct funds to companies that prioritise these pressing issues. It becomes an avenue for investors looking to make a positive contribution to the environment and society. However, this growing interest in investing in companies with strong ESG commitments doesn’t only stem from having a sense of responsibility but also from recognising that it’s a strategic move for long-term financial gains. At the centre of this outperforming trend lies Europe. In a recent research by ESG Book, an analysis of a model portfolio of regional stocks outperformed by around 1.5%. A similar Asia-Pacific portfolio closely followed this, with an average of around 1% above the benchmark. With its financial and ethical value, the future looks bright for ESG investing. In 2020, ESG fund assets hit a record of US$1.7 trillion, and they are on track to reach US$53 trillion by 2025. As the demand for ESG investments continues to surge, there has also been an increase in new products and strategies geared towards sustainable finance, which will be discussed in the next section.Exploring Green Investing OpportunitiesGreen investing is part of the umbrella term ESG investing. It primarily involves financial instruments that support environmentally-friendly initiatives such as clean energy, sustainable agriculture and EVs. Below are some of the ways to get into green investing.Renewable Energy StocksOne of the most direct ways investors can participate in the transition to clean energy is by directing funds to renewable energy stocks. While they offer significant upside potential, investors must be aware of the challenges the industry faces. One of which is the intermittency of clean energy sources such as solar and wind, which impacts the consistency of energy production.Additionally, there are policy uncertainties, public acceptance, access to capital, cost competitiveness and supply chain disruptions which can all affect profitability. So when evaluating companies to invest in, review the strategies they implement to navigate these challenges.Green Energy Exchange-Traded FundsA convenient and cost-effective way to diversify your portfolios and increasing your energy transition exposure is through exchange-traded funds (ETFs). Green energy ETFs pool together different stocks in the sector to provide exposure to a diverse range of companies. This minimises risk and allows investors to take advantage of the overall growth potential of the industry. This type of investment is ideal for investors who may not have the time or expertise to conduct in-depth research on individual stocks and want to gain exposure to the green energy sector as a whole. Invest in Energy EfficiencyAnother way to capitalise on the energy transition is to invest in companies focused on developing energy efficient solutions. Investing in energy efficiency can yield excellent financial returns while delivering environmental benefits through carbon footprint reduction. However, keep in mind that this market also faces challenges, including high interest rates which may prompt homeowners not to prioritise energy efficiency upgrades. Meanwhile, commercial property owners may focus more on addressing the current issue of elevated vacancy rates. Other factors that may slow down the adoption of these solutions include economic uncertainties, policy changes and ROI concerns.Investing for a Greener FutureThe investing landscape is evolving, and attractive opportunities await those who aim to invest responsibly. Through green investments, investors will not only be able to contribute to the battle against climate change but also position their portfolios for long-term financial gains. However, as the world works together to build a greener future through the transition towards clean energy, investors must also be cautious of greenwashing. This deceptive practice involves companies misleading consumers and investors by falsely claiming their commitment to sustainability. To make informed investment choices and avoid becoming victims of greenwashing, investors must look beyond marketing materials and perform thorough due diligence.
0 Comments   7/30/2024
Ending Plastic Pollution: The Shift to a Plastic Circular Economy
Ending Plastic Pollution: The Shift to a Plastic Circular Economy
The world's current economic system operates on a take-make-dispose model, which inevitably leads to more waste. Combined with improper waste disposal, this linear economy is taking a toll on our environment, notably contributing to the worsening plastic pollution crisis.As plastic production soared from two million tonnes in 1950 to 460 million tonnes in 2019, marine plastic pollution has worsened with it. Research points to single-use plastic packaging as the main culprit in plastic pollution, as it accounts for approximately 47% of plastic waste generated globally.The business case for single-use plastic packaging is undeniable—it's cheap, versatile, and can last for thousands of years. However, the qualities that make it ideal for mass production and preservation are the very same reasons why using it is problematic. Its low value makes it challenging to resell and recycle. Transitioning from a linear to circular economyThe science is clear that plastic pollution can harm many species, affect carbon cycling, and contribute to climate change, but what does it take to end it. Set to be finalised by the end of 2024, the United Nations Environment Assembly’s resolution for a global treaty to end plastic pollution would mark the first legally binding global effort to address this pressing environmental issue. One approach to using plastics wisely and reducing waste is transitioning to a circular economy. Essentially, this concept involves creating a system where items like packaging and containers can be collected after use and turned into new items over and over again. A plastic circular economy redefines the production and consumption of this material so that businesses can achieve positive economic, social, and environmental outcomes. It covers everything from choosing ideal raw materials and designing products to managing recycling and implementing environmentally safe waste management. The economic benefits of effective resource management in a circular economy are substantial. It could potentially generate between nine to 25 million jobs and save private investors up to US$2.9 trillion annually by 2030 from capturing the resource productivity potential. However, to achieve a plastic circular economy and reap its benefits, businesses, governments, and the general public must take the necessary collective actions.Actionable steps to building a plastic circular economyThere has been much talk about recycling plastics, but we can’t simply recycle ourselves out of this deep-rooted problem. These actionable steps will drive the shift to a true circular economy and end plastic pollution more efficiently.  Rethink existing product designs and delivery models It starts with redesigning products to minimise material usage and ensuring fully recyclable packaging. For instance, leading beverage companies in the US are incorporating more recycled plastic in their 100% recyclable containers, leading to the conservation of hundreds of millions of pounds of raw materials. In many Asian countries, personal care and home care products typically come in single-use sachets. According to a World Bank report, it has been estimated that the Philippines consumes 163 million single-use sachets per day. Recognising this issue, the Sea Waste Education to Eradicate Plastic (SWEEP) project launched a pilot initiative in 2018. It involved the installation of micro-refilling systems for fast-moving household goods in eight small convenience stores in the Philippines. Because reusable or repurposed containers were used, the demonstration project prevented the use and disposal of 45,000 pieces of plastic in seven months, highlighting a viable alternative delivery model.  Take an inclusive approach Building a circular economy requires the active involvement of governments, businesses, non-profits, and individuals. An inclusive approach allows all voices to be heard and ensures that courses of action are attuned to market realities. By enhancing stakeholder engagement and securing commitments throughout the value chain, plastic pollution can be addressed on a global scale. Examples of this collaborative approach include national and global alliances between governments, corporations, and civil society groups, such as the Global Plastic Action Partnership, Alliance to End Plastic Waste, and the Public-Private Partnership for Sustainable Plastic and Waste Management in Thailand.  Increase awareness and highlight the benefits of a plastic circular economy Besides the environmental benefits of a plastic circular economy, it also creates new jobs, opens new markets for recycling, and contributes to local tax revenue. Promoting awareness of these multifaceted advantages creates a demand for products made with recycled materials. When consumers actively choose sustainable products and there’s a strong end market willing to pay a fair price, businesses will be more incentivised to implement sustainable practices.  Implement policies that drive change Policy plays a pivotal role in accelerating the shift towards a plastic circular economy. Having the right policies in place creates a conducive environment for changing the way plastics are designed, used, recycled, and disposed of. One example is the government of Indonesia’s collaboration with the Global Plastic Action Partnership to achieve a 70% reduction in marine plastic debris by 2025. As part of its five system changes, the government pushes for the redesign of plastic products and packaging to be more suitable for reuse or high-value recycling. The Philippines also started enforcing its Extended Producer Responsibility law in 2022, which encourages plastic waste reduction by eliminating unnecessary plastic packaging, developing recyclable packaging, and recovering plastic packaging for reusing or recycling. Similarly, in the US, lawmakers reintroduced a federal plastics pollution act, with several states proposing legislation on extended producer responsibility packaging. More recently, in 2023, the EU took decisive steps to combat plastic pollution by limiting the use of single-use plastics and improving eco-design standards through a provisional agreement. Taking a Stride Towards a Plastic Circular Economy Science has provided clarity on plastic pollution and the necessary steps to address this environmental issue. Now, it must serve as a guide in developing solutions, particularly in the design and production of sustainable plastics. Although there’s still a long way to go before a plastic circular economy is adopted globally, successful implementation of science-based solutions, efforts to increase awareness, supportive policies, and collaborative efforts towards sustainable practices will represent significant strides towards this goal. Ultimately, a plastic circular economy promises not only a cleaner environment free from pollution but also a positive ripple effect on the broader environmental issues of climate change and biodiversity loss.
0 Comments   7/4/2024
Balancing Financial Gains and Sustainability Through Green Investing
Balancing Financial Gains and Sustainability Through Green Investing
As the fight against climate change intensifies and companies strive to achieve Net Zero emissions, green investing becomes a growing trend among investors who are looking for opportunities to generate positive financial returns while aligning their portfolios with the global transition to clean energy and sustainable practices. Based on the latest statistics, investments in key sectors for green recovery are expected to amount to nearly US$10.2 trillion from 2020 to 2030. In this article, we will take a closer look at the different financial product options for investors looking to make responsible investments and capitalise on these changes in the investment landscape. The Growing Interest in ESG InvestingIn recent years, there has been a shift in investor sentiment. More and more investors are using Environmental, social, and Governance (ESG) considerations as their guide in making investment decisions. According to a 2021 survey, the majority of ESG investors started investing in ESG-related products within the past five years, and 67% of these investors plan to buy more shares of ESG-focused companies. From fighting the effects of climate change to social issues, ESG investing allows investors to direct funds to companies that prioritise these pressing issues. It becomes an avenue for investors looking to make a positive contribution to the environment and society. However, this growing interest in investing in companies with strong ESG commitments doesn’t only stem from having a sense of responsibility but also from recognising that it’s a strategic move for long-term financial gains. At the centre of this outperforming trend lies Europe. In a recent research by ESG Book, an analysis of a model portfolio of regional stocks outperformed by around 1.5%. A similar Asia-Pacific portfolio closely followed this, with an average of around 1% above the benchmark. With its financial and ethical value, the future looks bright for ESG investing. In 2020, ESG fund assets hit a record of US$1.7 trillion, and they are on track to reach US$53 trillion by 2025. As the demand for ESG investments continues to surge, there has also been an increase in new products and strategies geared towards sustainable finance, which will be discussed in the next section. Exploring Green Investing OpportunitiesGreen investing is part of the umbrella term ESG investing. It primarily involves financial instruments that support environmentally-friendly initiatives such as clean energy, sustainable agriculture and EVs. Below are some of the ways to get into green investing.Renewable Energy StocksOne of the most direct ways investors can participate in the transition to clean energy is by directing funds to renewable energy stocks. While they offer significant upside potential, investors must be aware of the challenges the industry faces. One of which is the intermittency of clean energy sources such as solar and wind, which impacts the consistency of energy production.Additionally, there are policy uncertainties, public acceptance, access to capital, cost competitiveness and supply chain disruptions which can all affect profitability. So when evaluating companies to invest in, review the strategies they implement to navigate these challenges.Green Energy Exchange-Traded FundsA convenient and cost-effective way to diversify your portfolios and increasing your energy transition exposure is through exchange-traded funds (ETFs). Green energy ETFs pool together different stocks in the sector to provide exposure to a diverse range of companies. This minimises risk and allows investors to take advantage of the overall growth potential of the industry. This type of investment is ideal for investors who may not have the time or expertise to conduct in-depth research on individual stocks and want to gain exposure to the green energy sector as a whole. Invest in Energy EfficiencyAnother way to capitalise on the energy transition is to invest in companies focused on developing energy efficient solutions. Investing in energy efficiency can yield excellent financial returns while delivering environmental benefits through carbon footprint reduction. However, keep in mind that this market also faces challenges, including high interest rates which may prompt homeowners not to prioritise energy efficiency upgrades. Meanwhile, commercial property owners may focus more on addressing the current issue of elevated vacancy rates. Other factors that may slow down the adoption of these solutions include economic uncertainties, policy changes and ROI concerns.Investing for a Greener FutureThe investing landscape is evolving, and attractive opportunities await those who aim to invest responsibly. Through green investments, investors will not only be able to contribute to the battle against climate change but also position their portfolios for long-term financial gains. However, as the world works together to build a greener future through the transition towards clean energy, investors must also be cautious of greenwashing. This deceptive practice involves companies misleading consumers and investors by falsely claiming their commitment to sustainability. To make informed investment choices and avoid becoming victims of greenwashing, investors must look beyond marketing materials and perform thorough due diligence.
0 Comments   7/30/2024
The ESG Advantage: Enhancing Supply Chain Resilience and Business Performance Through ESG Tracking
The ESG Advantage: Enhancing Supply Chain Resilience and Business Performance Through ESG Tracking
Amid growing consumer and investor pressure, shifts in government regulations, and new reporting frameworks, companies increasingly recognise the importance of embedding environmental, social and governance (ESG) into their supply chain and overall corporate strategy. Nowadays, the question is no longer about whether the company has an ESG strategy in place but rather how it’s tracking in terms of its ESG goals.To evaluate progress, it’s crucial to set and monitor ESG metrics. In this article, you’ll learn the value of getting ESG right and how keeping track of ESG metrics can help minimise costs and improve supply chain resilience.How Getting ESG Right Benefits BusinessesGetting ESG right brings numerous direct and indirect positive outcomes to businesses and stakeholders.For consumers, ESG practices provide excellent product choices, improved customer experience and better product quality. For instance, Patagonia encouraged recycling and reducing waste by providing enhanced after-sales service options such as return or repair. Meanwhile, investors secure higher long-term returns while reducing risk by adding sustainable investments to their portfolios.Internal stakeholders, especially those who belong to minorities, enjoy better working conditions and economic stability. One example is how American Express committed to double its annual spending with minority-owned suppliers to US$750 million by 2024. Furthermore, companies with strong ESG commitments can help governments meet their own carbon reduction and sustainability goals.Improving Cost-Efficiency and Revenue By Tracking ESG MetricsAmid the tightening regulations that require companies to meet their ESG targets, the need for proper tracking and reporting becomes more important than ever. Without ESG metrics and a solid strategy integrated into supply chains, there’s a higher risk of legal costs, fines and reputational damage. The U.S. Uyghur Forced Labor Prevention Act (UFLPA) that was passed in 2021 bans goods produced and mined China’s Xinjiang Uyghur Autonomous Region, where state-sponsored forced labor is widespread. Violation comes with a great risk, as it may lead to the immediate seizure of goods, which may, in turn, result in supply chain disruptions and civil or criminal penalties. To avoid such repercussions, importers must provide proper documentation of ethical labor practices– something that is easily achievable with robust tracking and reporting measures in place.The EU’s Corporate Sustainability Reporting Directive and Germany’s Supply Chain Due Diligence Act also require sustainability reporting, and non-compliance can lead to financial penalties and damage to reputation. These regulations further highlight the importance of setting up mechanisms to track and report compliance for cost avoidance.Aside from helping companies avoid penalties, ESG efforts can also reduce costs. For instance, contrary to popular belief, adopting renewable energy doesn’t require massive investments, but the long-term savings can be significant. Companies can also start small and explore options such as renewable energy credits and virtual power purchase agreements. Furthermore, renewables are becoming increasingly competitive in terms of cost, making them attractive alternatives for power generation. Renewable energy generation has reached or even surpassed price parity with fossil fuel-based power generation in many parts of the world. According to the International Energy Agency’s Electricity Market Report 2023, the share of renewables in the global power generation market could increase from 29% in 2022 to 35% in 2025.Green subsidy schemes are also being implemented to promote the switch to clean energy options. For instance, through the Inflation Reduction Act (IRA) of 2022, the U.S. government has committed to direct US$400 billion in investments to reduce greenhouse gas emissions and offers tax breaks on clean energy projects.To track consumption and quantify cost savings after making the transition, organisations must utilise energy reporting tools. Using the data and insights generated by these tools can help optimise strategies for improved cost-efficiency.Beyond cost savings, companies with robust ESG policies and a track record of successful sustainability initiatives also witness increased revenue and access to cheaper capital, as consumers and investors are increasingly directing their capital towards them. With 85% of investors considering ESG in their investment decisions, it’s crucial for companies to track, measure and report their ESG efforts and performance transparently.Building Supply Chain ResilienceESG and supply chain resilience are interconnected, particularly in risk management. Identifying, analysing and managing risk are key to building supply chain resilience.Meanwhile, in order to achieve ESG goals, companies must maintain transparency, environmental consciousness and socially responsible practices. They must monitor and measure ESG for compliance, which requires visibility into supplier operations to assess risks within supply chains effectively.Hence, by having a reliable supplier risk assessment system and a supplier relationship management framework, businesses can build supply chain resilience and succeed in their ESG initiatives at the same time.Achieving Business Goals Through Effective ESG TrackingOne of the most common misconceptions about the integration of ESG in corporate strategy is that it can’t coexist with cost-efficiency and revenue improvement initiatives. However, to achieve ESG goals while building supply chain resilience, managing costs and increasing revenue, companies must not only put an ESG strategy in place but also set metrics and key performance indicators that will be tracked to monitor progress. By using tools that will measure and report ESG performance across the value chain, organisations can optimise ESG strategies and achieve better outcomes not only for the business but also for society as a whole.
0 Comments   7/30/2024
The Digital-First Approach Towards Net-Zero Buildings: Leveraging Digital Solutions for Decarbonisation
The Digital-First Approach Towards Net-Zero Buildings: Leveraging Digital Solutions for Decarbonisation
Buildings are responsible for up to 37% of energy and process-related carbon dioxide emissions, and around half of today’s building stock will likely be still in use in 2050. In order to meet 2030 emissions targets, measures must be implemented to upgrade existing buildings. While digital solutions may be the answer to avoid risk and successfully achieve decarbonisation, it’s important to note that digital maturity, or the building’s readiness to accommodate digital capabilities to reduce carbon emissions, energy usage and operational costs, must be taken into consideration. Those that lack digital maturity are poised to become obsolete. In this article, you will discover why a digital-first strategy is the best way to future-proof buildings and how AI can help achieve sustainability targets.Implementing Digital Solutions for Sustainable BuildingsAlthough the building industry is already making significant investments in equipment upgrades, the rate of renovation must be accelerated to meet decarbonisation targets. Digital and electric solutions can cut carbon emissions by up to 70%. However, without digital maturity, upgrades in capital equipment will deliver more modest benefits for the same cost. Meanwhile, integrating automation and digital control can provide valuable insights that can guide investment decisions and produce the best outcomes. Looking ahead, the key components of ideal decarbonisation solutions include the usage of 100% clean energy, electrification of the combustion process and achieving efficiency through capital investment and operational improvements. However, it’s important to note that embracing a digital-first strategy that optimises existing building equipment goes beyond decarbonisation. It also extends the life of the equipment and improves the quality of experience for occupants by making the spaces safer, healthier and more resilient. Furthermore, in terms of operations, digital solutions can be implemented across various building types with minimal disruptions.Achieving Zero-Emission Buildings with AIWhen discussing digitisation, artificial intelligence (AI) is another hot topic that gets a lot of attention. In the building industry, AI can be leveraged to achieve zero-emissions due to the following factors: ●      AI can optimise energy usage. By analysing vast amounts of data from building management systems, AI can optimise energy usage in real-time. It can adjust the heating, cooling, ventilation and lighting of the building dynamically using internal building data such as the level of occupancy and external data such as the weather outside. This means AI can significantly reduce energy consumption and control greenhouse gas emissions.●      AI can be used for preventive maintenance. Advanced AI algorithms can predict when building equipment will require maintenance or repair. By ensuring that systems operate in their best condition at all times, AI can prevent wasting energy due to equipment malfunctions.●      AI can help manage renewable energy better. AI can integrate renewable energy sources into buildings and manage the distribution of renewable energy effectively. Because it can forecast energy supply and demand, AI can help maximise the use of clean energy.●      AI can track and analyse a building’s carbon footprint. With AI’s power to analyse huge amounts of data, AI tools can be used for the analysis of a building’s emissions and identifying areas for improvement. By gaining insights into this, building owners will be able to develop and implement strategies to reduce carbon footprints in alignment with their zero-emission targets.●      AI can help ensure regulatory compliance. Regulations such as Local Law 97 in New York City require significant reductions in building-related emissions. Through AI, compliance can be more easily achieved at a lower cost compared with traditional retrofitting. It can also help owners leverage government incentives for energy efficiency.●      AI is easily scalable and flexible. AI solutions can be implemented on single buildings or entire portfolios. Because it can be customised according to a specific building’s needs and conditions, AI can be a flexible tool that can help owners achieve zero-emissions targets.Leveraging Innovation to Achieve Net Zero BuildingsThe world is at an interesting time where the future of the building industry hinges on people’s ability to innovate and integrate digital solutions and AI. As countries strive to achieve net-zero targets and meet ambitious policy aspirations, they will inevitably turn to technology to make progress cost-effectively. By leveraging advanced analytics, automation, digital control systems and AI, building owners and operators can optimise energy usage, integrate renewable energy seamlessly, reduce carbon emissions, boost operational efficiency and achieve regulatory compliance more efficiently. Besides accelerating decarbonisation and bringing all these benefits, the integration of digital solutions also enhances the comfort, productivity and cost savings of occupants. Future-proofing buildings requires a fundamental shift in the way people think about building design, construction and management. It is a continuous cycle of innovation. It also requires embracing change and collaboration among policymakers, building owners, operators, technology providers and other stakeholders. With innovation as a tool and ESG frameworks as guides, we can collectively create resilient, adaptive and human-centric sustainable buildings that contribute to the well-being of both the environment and people.
0 Comments   7/30/2024
Staying Cool: Exploring Passive Cooling Methods to Minimise Carbon Emissions
Staying Cool: Exploring Passive Cooling Methods to Minimise Carbon Emissions
As the world’s surface temperature rises, the demand for cooling also increases. People don’t only need cooling to protect themselves from the heat, but also to keep food fresh and economies productive. According to the latest Global Cooling Watch Report 2023: Keeping it Chill by the United Nations Environment Programme (UNEP), between 2022 and 2050, the installed capacity of cooling equipment globally will triple, resulting in a more than doubling of electricity consumption. Both air conditioners and refrigerators negatively affect the environment by generating emissions from electricity consumption and releasing refrigerant gases, which can be more harmful to the environment than carbon. Unless people significantly reduce their carbon footprint, nearly 1,000 cities will experience average summer highs of 35°C by 2050, almost triple the 350 cities that already do. Furthermore, the population that will be exposed to this heat could surge by 800%, reaching 1.6 billion. With this, there’s an urgent need for efficient, climate-friendly alternatives to air conditioning to keep people cool without increasing their carbon footprint. In this article, we will look at examples of how passive cooling is implemented in different parts of the world.What is Passive Cooling?Passive cooling involves the use of nonmechanical methods to keep indoor temperatures at comfortable levels and maintain a healthy indoor environment without increasing energy consumption. By taking advantage of natural heat flows, passive cooling techniques can be used to reduce or eliminate the use of air conditioning, thereby minimising the environmental impact of buildings. Furthermore, passive cooling methods lessen the peak cooling loads in buildings, thus reducing the size of air conditioning equipment and the period for which it needs to operate.How Passive Cooling is Done Across the WorldThere are various techniques to implement passive cooling. These methods mainly involve preventing heat from entering or eliminating heat from the building. Here are some of the ways passive cooling is done in different parts of the world:Sustainable School Design at Burkina FasoThe Lycée Schorge Secondary School, located on the outskirts of the Burkina Faso town of Koudougou, combines traditional design techniques with new materials. The layout of the school consists of nine modules that are arranged around a courtyard to protect the central space from dust and wind. Locally sourced laterite bricks were used as materials to absorb the heat during the day and radiate it during the night. Moreover, the classrooms were wrapped with local eucalyptus wood to create shaded spaces that protect students from the high temperatures during the day.White Roofs in Ahmedabad, IndiaAfter an extreme heatwave in 2010, Ahmedabad, India developed a plan to control temperatures, which typically rise in the months before the annual monsoon. The roofs of approximately 7,000 low-income households were painted white to reflect sunlight and reduce indoor temperatures. Moreover, trees were planted, and free water was given to the public to save an estimated 1,100 lives per year. The city’s cooling plan has served as a blueprint for 30 other cities in the country that have developed and implemented similar strategies.Energy Efficient Demonstration Building in the MaldivesWith rising sea levels and increasing temperatures, the effects of climate change are undoubtedly felt in the Maldives. As the Ministry of Environment strives to ensure residents can keep cool without increasing electricity consumption, the Maldives Meteorological Services building in Addu City was built. This energy efficient demonstration building, designed based on UNEP guidelines, focuses on the implementation of passive cooling techniques such as using shading, insulation and optimised orientation to regulate temperatures.Passive Cooling to be Integrated in Cambodia’s Building RegulationsBetween 2020 and 2040, demand for cooling in Cambodia is set to double. In response to this, UNEP and the United Nations Economic and Social Commission for Asia and the Pacific are collaborating with two property developers to test the effectiveness of various passive cooling measures, such as shading, insulation and roof design. This project’s primary goal is to integrate the most effective passive cooling strategies into Cambodia’s building regulations and urban planning standards.Revitalised Stream Reduces Heat in SeoulAt the heart of Seoul lies the 11-km Cheonggyecheon Stream, hidden under a 10-lane road and a raised four-lane motorway until 2005. However, the local government decided to dismantle the infrastructure and revitalise the stream, reducing the heat island effect. With temperatures along the stream cooler by 3.3°C to 5.9°C compared to a parallel road, this project shows how natural solutions can bring considerable reductions in temperature.Keeping Carbon Emissions in Check Through Sustainable CoolingThe constantly increasing demand for cooling typically means greater electricity consumption and, consequently, higher carbon emissions. Fortunately, sustainable cooling options are available to minimise environmental impact. Through passive cooling techniques that are accessible, affordable and scalable, society’s need for cooling can be met without sacrificing the planet’s health. Remember, the road towards a sustainable future is long and filled with challenges. To be able to achieve net-zero targets efficiently, it is crucial to embrace innovation and be willing to adopt creative methods.
0 Comments   7/30/2024
5 Ways the Food Production Industry is Going Green
5 Ways the Food Production Industry is Going Green
Our planet's health is in crisis as signs of climate change are increasingly becoming apparent. Despite this, unsustainable practices in various industries continue to persist. One of the major contributors to the worsening climate change situation is the food production industry. According to research, 34% of all man-made greenhouse gas emissions are generated by food systems– from production all the way to consumption. However, as public interest in sustainability grows, many companies in the food production and processing industries are also transitioning to greener methods to reduce their environmental impact. From switching to cleaner energy sources to minimising resource usage and providing more environmentally-friendly alternatives, this article will explore the various ways organisations can elevate their sustainability efforts.Sustainable Practices in Food ProductionAmid the growing recognition of the need for environmentally-friendly practices in food production, these five strategies are gaining traction in the effort to promote sustainability within the industry.1. Shifting to Renewable EnergyTraditional food production processes heavily rely on fossil fuels. By switching to clean energy sources such as solar and wind, carbon emissions will be reduced. In the International Energy Agency’s Renewables 2023 report, China emerges as the leading country when it comes to renewables, despite being the largest coal producer and importer in the world. China’s renewable energy capacity growth is set to triple over the 2023–2028 period compared with the previous five years. Furthermore, the world’s second largest economy will deploy almost four times more renewable capacity than the European Union and five times more than the United States, which are the second- and third-largest markets for renewables. Solar irrigation is one of the most mature applications of renewable energy in food production. It enables multiple cropping cycles and improves resilience to changing rainfall patterns by improving access to water. Compared to electricity- or diesel-powered water pumps, lifecycle emissions for solar-powered water pumps are estimated to be 95% to 98%. Additionally, biomass by-products from agri-food activities can also be used to generate energy for the processing, cooking and storage of products.2. Reducing Water UsageWater is a valuable resource that is often taken for granted in the food production industry. It takes large volumes of water to grow crops and raise livestock, with agriculture alone utilising 70% of all freshwater in the world. One way to save water in agriculture is by improving the irrigation system. Through an irrigation pipeline and gravity sprinkler system, farmers can reduce water usage and time spent watering crops compared to using flood irrigation. Because healthy soils help crops better utilise water, another technique that farmers implement is planting cover crops in the time periods between growing their crops. Cover crops keep soil healthy by cooling the surface, improving soil structure, preventing soil erosion and reducing water and nutrient loss. Beyond agriculture, companies can also reduce water usage in the food processing industry. A common practice is partially or completely recycling water within a particular process or reusing it in a separate operation. Other sustainable processes may also include dry milling instead of wet milling and cleaning up using dry ice, sweepers or vacuums instead of water-washing.3. Using Alternative PackagingWith one-third of global plastic packaging contributing to pollution, companies are considering alternatives to single-use plastic for food packaging. From redesigning bottles and containers to include less plastic to using recycled or plant-based, biodegradable materials, companies are continuously looking for ways to reduce plastic waste that ends up in landfills. With consumers becoming more mindful of their environmental impact, using sustainable packaging will not only reduce your carbon footprint but also improve your brand reputation and business performance. 4. Supporting Local FarmersWhen the entire food supply chain is considered, transportation accounts for 19% of total emissions. Supporting local farmers by purchasing fresh produce from them is a good way to reduce carbon emissions. With over 500 million people worldwide working on their family smallholdings, their expertise in regenerative farming is the key to greener food production. Aside from increasing yields and improving resilience against environmental challenges, supporting local farmers also has a positive impact on the local economy.5. Implementing Organic Farming TechniquesUsing pesticides and other chemicals can contaminate the soil and water supplies. It can destroy ecosystems and kill wildlife. By shifting to organic farming, which involves using non-toxic fertilisers and pesticides, the risk of contaminated runoff into bodies of water and the soil is reduced. Aside from lowering the risk of pollution, this farming technique is also good for soil health due to organic matter build-up.Furthermore, natural farming methods translate to healthier food production as they prevent consumers from ingesting pesticide residue.Green Practices for Sustainable Food ProductionGoing green in food production may involve making small changes that could have a huge impact on the environment. Something as simple as sourcing products from local farmers and using biodegradable or recyclable packaging can go a long way in helping companies strengthen their commitment to sustainability. However, it’s important to note that building a sustainable future must be a collective effort. Governments must implement policies that support the shift towards sustainable practices, and consumers must become more conscious in their purchase decisions to contribute to improving the food industry.
0 Comments   7/22/2024
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