DBusiness Magazine
Lear Corp. Releases 2020 Sustainability Report, Highlights Green Commitment
Lear Corp., a global automotive technology company specializing in seating and e-systems, announced the release of its 2020 Sustainability Report yesterday. The report illustrates the auto supplier’s lineup of green technologies, along with achievements in diversity, human rights, and climate impact reduction targets.
Lear plans to expand its foothold in the electric vehicle market according to its 2020 sustainability report. // Rendering Courtesy of Lear Corp.
Lear Corp., a global automotive technology company specializing in seating and e-systems, announced the release of its 2020 Sustainability Report yesterday. The report illustrates the auto supplier’s lineup of green technologies, along with achievements in diversity, human rights, and climate impact reduction targets.
Sylvera grabs seed backing from Index to help close the accountability gap around carbon offsetting
U.K.-based startup Sylvera is using satellite, radar and lidar data-fuelled machine learning to bolster transparency around carbon offsetting projects in a bid to boost accountability and credibility applying independent ratings to carbon offsetting projects.
The ratings are based on proprietary data sets it’s developed in conjunction with scientists from research organisations including UCLA, the NASA Jet Propulsion Laboratory and University College London.
It’s just grabbed $5.8 million in seed funding led by VC firm Index Ventures. All its existing institutional investors also participated namely: Seedcamp, Speedinvest and Revent. It also has backing from leading angels, including the existing and former CEOs of NYSE, Thomson Reuters, Citibank and IHS Markit. (It confirms it has committed not to receive any investment from traditional carbon-intensive companies.) And it
Young leaders in finance and business have a pivotal role to play in helping organisations understand and tackle the climate-related risks and challenges they face, the Minister for Business, Energy and Clean Growth, Anne-Marie Trevelyan has said.
Speaking at an event hosted by FinBiz2030, a joint initiative between One Young World and Chartered Accountants Worldwide dedicated to achieving the UN Sustainability Development Goals by 2030, Trevelyan – herself an ICAEW-qualified Chartered Accountant – called on members of the profession to be the “difference makers” to galvanise action among the business community.
“Climate change poses risks to companies, financial institutions and individuals alike. The physical and transition risks can have a material impact on the value of companies and their assets,” Trevelyan warned. And as trusted business advisers, it was the role of accountants to help companies understand and communicate the risks and opportunit
The campaign’s target is to provide basic food items, sufficient to prepare up to 100m meals in targeted countries including Sudan, Lebanon, Jordan, Pakistan, Angola, Uganda and Egypt.
Survey finds sustainability high on the agenda
Pandemic has had a positive impact on proactive investment.
1st April 2021
The US Cotton Trust Protocol recently surveyed sustainability decision-makers at 1,000 brands and retailers in the USA and UK to determine the impact the Covid-19 pandemic has had on the importance of sustainability initiatives.
As brands and retailers look to the future, there is a sense of optimism for increased consumer spending and investment in environmentally friendly practices – with 28% of the brands and retailers surveyed committed to setting new industry standards for sustainability.
The research findings reveal that 69% of brands and retailers believe that the pandemic has emphasised the importance of environmentally friendly products to customers – with two-thirds (61%) also noting that there has been an increased demand for sustainable products.