archiveOctober 4, 2023

The use of carbon offsetting is set to grow rapidly driven by strict new rules covering the reporting of environmental impact and changes to global carbon markets. These growing demands on industry and finance require an ever-more rigorous method of environmental reporting and, as 26 out of 50 key climate indicators can only be accurately observed and measured from space, the use of satellite monitoring – like carbon offsetting – will play an increasingly important role in global efforts to reach net zero. Many businesses cannot meet net-zero targets without...

reCommerce is rapidly emerging as a circular business model, refurbishing and reselling used products to prolong their lifecycle. Brands from Apple to Hoover to IKEA are tapping into reCommerce that combines sustainability and economic agendas and is expected to grow by 20x compared to traditional retail between now and 2025. Companies see reCommerce as an ideal model to decouple sales from raw material usage, build their brand and address new customers segments. Pioneering companies are able to create meaningful synergies between their brand narrative and re-commerce strategy, driving customer loyalty...

For the best part of the last century, electricity grids have been designed in a specific way in order to meet the demand from consumers. Operators were tasked with forecasting and then adjusting the electricity supply in accordance with peak demand times. Although most operators would not admit it, this task was relatively simple, given that a predictable supply of power was available from the various power plants which fed into the system. The energy transition has changed all of that. With an increasing amount of wind and solar energy...

Recycling metal plays a vital role in preserving primary resources and the future of our planet, says the British Metals Recycling Association. Scrap metals are secondary raw materials whose use reduces the demand for precious natural resources needed to make new metal compounds such as iron ore in steelmaking, nickel in stainless steel or alumina and bauxite in aluminium smelting. For example, every tonne of recycled steel saves 1.5 tonnes of iron ore; 0.5 tonnes of coal; 70 per cent of the energy; 40 per cent of the water and...

Scope 3 supply chain emissions complexity can be addressed with a new collection and reporting solution from Ivalua. The company’s new Environmental Impact Center (EIC) solution allows for collection of Scope 3 emissions and other ESG data at scale from an organisation’s supply base and third parties. More than half of UK organisations struggle with visibility into their suppliers, making Scope 3 measurement extremely difficult. Incoming UK regulations like the proposed Sustainability Disclosure Requirements (SDR) in the finance industry will make reporting on Scope 3 emissions compulsory for the first time. The procurement function...