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684 articles · Page 51 of 57
Watts Water Technologies Among “America’s Greenest Companies 2025"
Watts Water Technologies, Inc., a global leader in plumbing, heating, and water quality solutions, has been named one of America’s Greenest Companies for 2025 by Newsweek. Recognized among the top 300 U.S. companies for environmental sustainability, Watts earned its place through its efforts to reduce greenhouse gas emissions, water consumption, and waste generation, while maintaining transparency in its sustainability practices. The rankings were based on over 25 parameters, derived from the strict European Union sustainability standards. Watts has a legacy of over 150 years of innovation aimed at improving water safety and energy efficiency. CEO Robert J. Pagano, Jr. highlighted the company’s commitment to environmental stewardship both within their operations and through customer support, ensuring a positive environmental impact. Watts’ comprehensive Environmental, Social, and Governance (ESG) initiatives are detailed in their 2023 Sustainability Report, reflecting their continuous efforts to combat climate change and preserve water resources for future generations.
04 October 2024by Sourav Das
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The Rise of Greenhushing: Why Companies Stay Silent on Sustainability
Greenhushing is when companies deliberately withhold information about their sustainability efforts, even if they have achieved carbon neutrality or made significant environmental progress. This trend is driven by fear of legal repercussions, consumer misconceptions about green products, and concerns about public scrutiny or greenwashing accusations. While these companies take meaningful actions toward sustainability, they choose not to advertise them, often to avoid negative perceptions or backlash. Greenhushing is increasing across industries, potentially slowing the spread of environmental solutions and reducing the visibility of corporate climate action.
02 October 2024by Sourav Das
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Italy Investigates Shein for Alleged Greenwashing in Environmental Claims
The Italian Competition Authority has launched an investigation into online fashion retailer Shein’s operator, Infinite Styles Services Co, for possibly misleading environmental claims. The investigation centers around claims made in sections of Shein’s website, such as “#SHEINTHEKNOW,” “evoluSHEIN,” and “Social Responsibility,” which allegedly convey a false image of sustainability through vague or confusing statements on circularity, product quality, and responsible consumption. This inquiry is part of broader efforts by EU regulators to tackle greenwashing and ensure companies substantiate environmental claims. The European Commission has already introduced regulations, such as the Green Claims Directive, to address transparency issues in sustainability advertising. The fashion sector, known for its significant environmental footprint, is a key focus of these efforts. Shein has set emission reduction goals, but the Italian regulator noted inconsistencies between these targets and the company’s actual practices. Shein expressed its willingness to cooperate with authorities.
30 September 2024by Sourav Das
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Microsoft Expands Carbon Removal Efforts with UNDO's Enhanced Rock Weathering
Microsoft has strengthened its commitment to carbon removal by partnering with UNDO, a company specializing in enhanced rock weathering (ERW), to remove 15,000 tonnes of CO2. This deal builds on a 2023 agreement between the two organizations, which removed 5,000 tonnes of CO2 by spreading crushed basalt on UK agricultural land. Under the new arrangement, UNDO will spread 65,000 tonnes of crushed basalt and wollastonite across farmland in the UK and Canada, facilitating CO2 absorption through natural soil and plant processes. Alongside carbon capture, the project aims to improve soil quality and fund crucial research on ERW’s scalability, focusing on measurement, reporting, and verification (MRV). Microsoft, committed to being carbon-negative by 2030, views this partnership as a key part of its broader strategy, which includes diverse carbon removal technologies like direct air capture and biochar. UNDO’s innovative approach offers significant potential for scalable and permanent carbon removal solutions.
30 September 2024by Sourav Das
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Pioneering CO2 Storage: Total Energies, Shell, and Equinor Launch World's First Commercial Carbon Capture Project in Norway
The Northern Lights joint venture, a collaboration between TotalEnergies, Shell, and Equinor, has completed the world’s first commercial CO2 transportation and storage project in Norway. This landmark project is designed to capture and store carbon emissions from hard-to-abate industries across Europe, marking a significant advancement in global decarbonization efforts. Launched in late 2020 as part of Norway's Longship carbon capture and storage (CCS) initiative, Northern Lights includes a terminal for receiving liquid CO2, a 100 km subsea pipeline, and storage facilities located 2,600 meters below the seabed. The first phase of the project can transport and store 1.5 million tons of CO2 annually, with plans to expand capacity to over 5 million tons per year. The project's first CO2 injection is expected in 2025. This milestone, supported by the Norwegian government, establishes a critical CCS value chain for reducing industrial emissions in line with the Paris Agreement targets.
29 September 2024by Sourav Das
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EU to Introduce Standardized Carbon Labels for Flights
The European Commission has proposed a new initiative, the EU Flight Emissions Label (FEL), aimed at offering passengers clear information on the carbon emissions of their flights. Part of the broader ReFuelEU Aviation regulations, the FEL will standardize how flight emissions are calculated, addressing current discrepancies across airlines. Passengers will see this information when booking flights within or departing from the EU, enabling them to make more environmentally conscious decisions. With only 5% of passengers currently having access to emissions data, despite high demand for it, the FEL will include factors like aircraft type, passenger load, and fuel used. The initiative is voluntary for airlines starting in 2025, and a dedicated website will allow public comparison of emissions across airlines. This move aims to combat greenwashing and promote cleaner operations by rewarding airlines that invest in sustainable practices, fostering competition towards lower emissions in the aviation sector.
27 September 2024by Sourav Das
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Siemens Unveils Innovative Building Decarbonization Solution
Siemens launches a new Building Decarbonization Solution to help reduce emissions and energy costs, enabling smarter, sustainable buildings for a low-carbon future.
26 September 2024by Sourav Das
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Urgent Call to Action: UNEP FI Urges Governments to Address Systemic Climate Risk
UNEP FI urges governments to urgently tackle systemic climate risks, emphasizing the need for robust regulations and collaboration to protect economies and promote sustainable finance.
25 September 2024by Sourav Das
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Global Solar Power Surges as Costs Plummet, Set to Overtake Coal by 2024
Global solar power is set to surpass coal by 2024 as costs plummet. This shift marks a pivotal move toward cleaner energy and sustainability worldwide.
24 September 2024by Sourav Das
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SBTi Enhances Corporate Net-Zero Standard to Refine Emission Neutralization
The SBTi has updated its corporate net-zero standard, emphasizing genuine emissions reductions over offsetting, and enhancing transparency and accountability for companies' climate actions.
19 September 2024by Sourav Das
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BlackRock, Microsoft, and GIP Unite to Launch $100 Billion Investment Fund for AI, Energy Infrastructure, and Sustainability
BlackRock, Microsoft, and GIP have formed a partnership to raise $100 billion for investments in AI, energy infrastructure, and sustainability, aiming to drive transformative change.
19 September 2024by Sourav Das
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Tata Power to Invest $9 Billion in Renewable Energy Expansion
Tata Power plans to invest $9 billion to add 15 GW of renewable energy by 2030, reinforcing its commitment to India's clean energy goals and sustainability efforts.
18 September 2024by Sourav Das
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