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The Co-op has announced plans to become the ‘world’s first’ supermarket to sell carbon-neutral own-brand food and drink by 2025.
The move is part of a wider ten-point climate action plan the company is putting in place to help it achieve net zero carbon emissions by 2040.
It has also revealed it has achieved carbon-neutral status across its food, funeral, insurance and power businesses.
To achieve carbon-neutrality, the Co-op has committed to price matching its plant-based food range against meat equivalents, electrifying its entire home-delivery fleet, ending its use of fossil fuel heating and cutting down its use of packaging.
Regulatory News: Verallia (Paris:VRLA) will meet with debt investors in the coming days with a view to launching, subject to market conditions, a Sustainability-Linked Bond offering for an amount
The Co-op is to price match its own-brand plant-based food range against equivalent meat products to help shoppers adopt “flexitarian” diets, it has announced.
The scheme is part of the supermarket’s plan to sell fully carbon neutral own-brand food and drink by 2025, in turn part of a climate plan to achieve net-zero carbon emissions by 2040.
The Co-op said it is investing more than £1.7 million to reduce the cost of 29 fresh, chilled and ambient vegan products from May 5 to help consumers who saw price as a barrier to choosing a plant-based diet.
The Co-op intends to make its plant-based food alternatives cost the same as their meat equivalents (Co-op/PA)
UP Issues 2020 ESG Report
May 04, 2021
UP Issues 2020 ESG Report Written by Marybeth Luczak, Executive Editor
Union Pacific (UP) has released an annual report on environmental, social and governance (ESG) initiatives, outlining its new strategy, “Building a Sustainable Future 2030.”
The report which also includes the railroad’s Fact Book and summarizes its financial performance (download the 2020 Building America Report below) covers four key areas of UP’s new strategy:
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Investing in our Workforce. The Class I railroad discusses its employee base, including new diversity and inclusion initiatives.
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Driving Sustainable Solutions. This section details UP’s $2.8 billion investment to harden its infrastructure and support growing customer and community needs, as well as its record for moving wind turbine components.
Union Pacific Champions Environmental Stewardship and Sustainability Goals in New Building America Report
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OMAHA, Neb., May 3, 2021 /PRNewswire/ Union Pacific today published its 2020 Building America Report, the railroad s annual report on its progress toward environmental, social and governance (ESG) initiatives. The report unveils Union Pacific s new cumulative ESG strategy called Building a Sustainable Future 2030, which includes four areas of concentration: Investing in our Workforce, Driving Sustainable Solutions, Championing Environmental Stewardship and Strengthening our Communities. The COVID-19 pandemic taught the world about resiliency, something that s always been a part of our railroad s DNA, said Union Pacific Chairman, President and CEO Lance Fritz. As a critical part of America s infrastructure, our ability to quickly respond to customers evolving needs will continue to be critical long into the future