United Parcel Service – Emissions and Climate (2021)
WHEREAS: In 2018, the Intergovernmental Panel on Climate Change updated the goals of the 2015 Paris Agreement to advise that net carbon emissions must fall 45 percent by 2030 and reach net zero by 2050 to limit warming below 1.5 degrees Celsius, thereby preventing the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. Climate change impacts present risks to investors. A warming climate is associated with increased supply chain disruptions, reduced resource availability, lost production, commodity price volatility, infrastructure damage, political instability, reduced worker efficiency, and adverse health …
Costco – Environmental Reporting/Disclosure (2021)
WHEREAS: Climate change presents systemic portfolio risks to investors; a warming climate contributes to supply chain disruptions, lost productivity, commodity price volatility, adverse human health impacts, and regulatory risk, among others. The widely recognized Paris Climate Agreement established the imperative to limit global temperature increases well below 2 degrees Celsius to prevent the worst impacts of climate change. Alarmingly, the most recent science shows achieving this goas is now “extremely unlikely.” Thus, more urgent and ambitious action is needed from all sectors. While Costco Wholesale Corporation (Costco) has adopted some initiatives to begin to address its climate impact, including installing …
Bank of America – Financing Related to the Arctic (2021)
WHEREAS: Climate change is a global challenge that continues to gain widespread attention for its numerous, significant environmental and social impacts. Particular subsectors of fossil fuels, including Arctic exploration and production, have become hot button political and significant policy issues, because of their impacts on the global climate, the local environment, and Indigenous rights. Protests surrounding drilling in the Arctic are among the high-profile concerns. Through 2019 and 2020, Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co., Citibank, and Wells Fargo & Co. made commitments amounting to a rejection of much funding of oil and gas development in …
Sysco Corp – Climate Change (2020)
Whereas: Climate change present systemic risk to food-based businesses. The 2018 National Climate Assessment found “climate change presents numerous challenges to sustaining and enhancing crop productivity, livestock health, and the economic vitality of rural communities,” and rising temperatures are “the largest contributing factor to declines in the productivity of U.S. agriculture.” Not only is agricultural production susceptible to climate change, it also reportedly contributes up to 24 percent of global greenhouse gas emissions. Sysco Corporation (Sysco) derived roughly 85 percent of its FY19 sales from food, with principal product categories based around meat, dairy, poultry, and produce. Thus, the impacts …
TJX Companies – Chemical Policy (2020)
Whereas: For investors the costs of environment chemical exposure to the health of the global economy raises significant concerns. Economic costs are rising: a 2017 study by researchers showed that costs associated with environmental chemical exposures worldwide likely exceed 10 percent of global GDP or 11 trillion dollars. At the same time, new analytical methods providing direct measures of toxic chemicals show that risks to human health may be dramatically underestimated. A recent National Institute of Health- supported study provides compelling evidence that human exposures to Bisphenol A, for example, is much greater than previous estimates that use indirect measurement …
CVS Health Corporation – Sustainable Plastic Packaging (2020)
Whereas: Plastic pollution has become a critical and urgent global problem. Experts estimate 300,000 metric tonnes of plastic are polluted to the ocean from U.S. land sources every year. The global figure is eight to twelve million tonnes and is projected to increase rapidly. The environmental impacts of plastic pollution are vast, including significant harm to marine and terrestrial ecosystems and wildlife. Plastic waste breaks down and persists in the environment, eventually accumulating in agricultural soils, water supplies, food supplies, and the human body – with as yet unknown health repercussions. EPA data shows only 8.4 percent of plastic waste …
Chipotle – Emissions and Climate (2020)
Whereas: In October 2018, the Intergovernmental Panel on Climate Change (IPCC) amplified the urgency behind the 2015 Paris Climate Agreement cautioning it will be necessary to limit global warming to 1.5 degrees Celsius, rather than two degrees Celsius, to minimize the worst impacts of climate change. Achieving this will require deep greenhouse gas (GHG) emissions reductions in all sectors. The 2018 National Climate Assessment found “climate change presents numerous challenges to sustaining and enhancing crop productivity, livestock health, and the economic vitality of rural communities,” and rising temperatures are “the largest contributing factor to declines in the productivity of U.S. …
Waste Management, Inc. – Plastic Pollution (2020)
Whereas: Plastic pollution has become a critical and urgent global problem. Experts estimate 300,000 metric tonnes of plastic are polluted to the ocean from U.S. land sources every year. The global figure is eight to twelve million tonnes and is projected to increase rapidly. The environmental impacts of plastic pollution are vast, including significant harm to marine and terrestrial ecosystems and wildlife. Plastic waste breaks down and persists in the environment, eventually accumulating in agricultural soils, water supplies, food supplies, and the human body – with as yet unknown health repercussions. Due to heightened global awareness of the impacts of …
Sonoco Products Company – Sustainable Plastic Packaging (2020)
Whereas: Plastic pollution has become a pressing, unavoidable global problem. On a global basis, experts estimate that 8 to 12 million metric tonnes of plastic enter the ocean from land sources each year and this discharge is growing rapidly . According to EPA data for 2015, 34.5 million tons of plastic waste was generated in the U.S. and only nine percent was recycled; seventy five percent was sent to landfill. Experts estimate that 300,000 metric tonnes of plastic are polluted to the ocean from U.S. land sources every year – the equivalent of 65 dump trucks/day. Plastic waste breaks down …
United Parcel Service- Climate Change (2020)
Whereas: In 2018, the Intergovernmental Panel on Climate Change advised that net carbon emissions must fall 45 percent by 2030 and reach net zero by 2050 to limit warming below 1.5 degrees Celsius, thereby preventing the worst consequences of climate change. The Fourth National Climate Assessment report (2018) finds that with continued growth in emissions, “annual losses in some U.S. economic sectors are projected to reach hundreds of billions of dollars by 2100.” Climate change impacts present risks to investors. A warming climate is associated with increased supply chain disruptions, reduced resource availability, lost production, commodity price volatility, infrastructure damage, …
Recent Comments