After receiving the stamp of approval from the Science Based Targets Initiative (SBTi) for its carbon reduction aims, fashion brand Levi Strauss has unveiled a revamped sustainability strategy that will see the company commit to sourcing 100% renewable power for its operations by 2025. It has a headline target of reducing greenhouse gas (GHG) emissions from the facilities it owns and operates by 90 percent, against a 2016 baseline. The strategy also includes a 40 percent target for emission reductions across the company’s global supply chains, also by 2025.
Anheuser-Busch InBev, the drinks giant behind beer brands such as Corona, Stella Artois and Budweiser, is launching a new accelerator to support start-ups working on solving climate challenges. The 100+ Accelerator will see the world’s biggest brewer invest up to $100,000 per company to deliver “breakthrough advancements” in areas such as green logistics, water scarcity, responsible sources and product upcycling. AB InBev said the 100+ Accelerator is part of the firm’s pledge to solve 100 climate and environmental challenges by 2025.
De Beers is building the first end-to-end diamond industry blockchain platform that will securely track a diamond from the mine to the end consumer. The platform, known as ‘Tracr’, is based on Etherium blockchain technology and is being built in collaboration with the industry players. ‘Tracr’ is being designed to benefit all diamond industry stakeholders – from large producers to small businesses – including the Indian diamond sector, which processes the majority of the world’s diamonds.
A group of MPs has recommended that the UK government should force medium-sized companies to reveal their gender pay gaps and push for larger law firms to include partner pay. All companies with more than 50 employees should have to report their gender pay gap from 2020, said the business, energy and industrial strategy (BEIS) committee . Currently only firms with more than 250 employees have to report their gender pay gap, leaving half of the UK workforce without knowledge of their workplace’s gap.