Following the tragic death of an Ernst & Young (EY) India chartered accountant, allegedly due to work-related stress, RPG Enterprises Chairman Harsh Goenka called on Indian companies to take immediate action to foster a healthier workplace culture. Goenka outlined six key tips for creating a more supportive environment, emphasizing the importance of prioritizing employee well-being, tackling burnout, and promoting open communication.
Kennametal Inc. has released its Fiscal Year 2024 Corporate Responsibility Report, showcasing significant achievements in its environmental, social, and governance (ESG) strategy. The report highlights reductions in greenhouse gas emissions, water usage, and improved waste recycling efforts, alongside advancements in employee engagement and diversity initiatives.
Nuvei, a Canadian fintech company, has published its third annual ESG report for 2023, highlighting its continued commitment to environmental, social, and governance principles. The report details achievements across key pillars of its ESG strategy and emphasizes its people-first, technology-led approach to global payments.
Las Vegas Sands has released its latest ESG report, highlighting its substantial achievements in 2023 towards its 2021-2025 corporate responsibility goals. The company exceeded its targets in emissions reduction, workforce development, and community volunteerism, demonstrating a strong commitment to sustainability and social impact.
Goodyear Tire & Rubber Company has released its 2023 Corporate Responsibility Report, highlighting its commitment to sustainability and delivering value to stakeholders. The report outlines significant progress made towards achieving short- and long-term sustainability goals, including a 21.9% reduction in greenhouse gas emissions, increased use of renewable electricity, and the launch of a sustainable-material tire.
TXU Energy has recognized four innovative organizations as category winners for the 2024 TXU Energy Leadership Awards. The awards highlight corporate, government, and non-profit leaders showcasing their commitment to energy responsibility. The winners include Foxconn Industrial Internet for manufacturing and industrial energy management, Harris County for sustainability and climate action, the City of Corpus Christi for urban tree canopy and community engagement, and Mission 911 for supporting families in need with bill-payment assistance and other resources.
McKinsey & Company has released its 2023 ESG Report, outlining its commitment to sustainable and inclusive growth. Partnering with clients, colleagues, and communities, McKinsey seeks to accelerate progress in the areas of decarbonization, reskilling, inclusive workplaces, and responsible operations. Guided by the highest professional and ethical standards, the report aligns with leading ESG standards and frameworks, including the Global Reporting Initiative (GRI) Standards and the World Economic Forum International Business Council’s (IBC) Stakeholder Capitalism Metrics.
Global plastic production has doubled over the last two decades, and is projected to increase significantly in the future. This surge in production is a major contributor to plastic pollution, as most plastic ends up as waste. A new study has found that a 1% increase in plastic production leads to a 1% increase in plastic pollution. The study also found that just 56 companies are responsible for over half of branded plastic pollution worldwide. The top polluter is The Coca-Cola Company, which accounts for 11% of branded waste. If these companies were to introduce effective plastic reduction plans, it could lead to a significant decrease in plastic pollution. However, many companies are missing their voluntary targets for reducing plastic, suggesting that these measures are ineffective. Producer responsibility schemes could help to shift the costs and responsibility for plastic pollution away from consumers and back to the producers. These schemes require companies to take responsibility for the end-of-life management of their products, which can incentivize them to reduce plastic use and develop more sustainable packaging. Capping plastic production could also be an effective way to reduce pollution, but would require countries to set measurable targets to phase out non-essential, hazardous, and unsustainable single-use plastic products.
STAG Industrial has released its 2023 Environmental, Social and Governance Report, emphasizing the company’s commitment to stakeholder value creation through ESG practices. The report details STAG’s initiatives in sustainability, social responsibility, and corporate governance.
A recent study by Dalhousie University and global collaborators reveals that 56 companies are responsible for more than half of branded plastic pollution worldwide. The top four polluters are Coca-Cola (11%), PepsiCo (5%), Nestlé (3%), and Danone (2%). This study highlights the urgent need for greater transparency, accountability, and solutions to address the global plastic waste crisis.
