Unilever to scale back environmental and social pledges

Posted on April 19, 2024 by Admin

Environmental groups say bosses should ‘hang their heads in shame’ as firm bows to pressure from shareholders to cut costs

Unilever is to scale back its environmental and social aims, provoking critics to say its board should “hang their heads in shame”.

The consumer goods company behind brands ranging from Dove beauty products to Ben & Jerry’s ice-cream was seen as perhaps the foremost proponent of corporate ethics – particularly under the tenure of its Dutch former boss Paul Polman.

Let boardrooms look beyond shareholder returns to drive productivity, report urges

Posted on November 27, 2023 by Admin

Adapting business laws to include benefits other than profit in decision-making could add £149bn to UK economy, says Demos thinktank

Britain’s economy could receive a £149bn boost from a change to UK business laws that would ensure companies put social, economic and environmental benefits at the heart of their decision-making, according to a report.

With the UK on course for the second lowest growth rate in the G7 group of leading economies in 2023, the study by the thinktank Demos said it was clear that cutting taxes or raising public spending had not been effective at driving economic growth.

Why progressive gestures from big business aren’t just useless – they’re dangerous

Posted on October 28, 2021 by Admin

From climate crisis to anti-racism, more and more corporations are taking a stand. But if it’s only done because it’s good for business, the fires will keep on burning

In early 2020, bushfires raged across Australia. More than 3,000 homes were destroyed, reduced to ash and rubble by the unrelenting onslaught of flames. Tragically, 34 people died in the fires themselves, with an estimated 445 more dying as a result of smoke inhalation. More than 16m hectares of land burned, destroying wildlife and natural habitats. Nearly 3 billion animals were affected. So massive were the fires that the smoke was visible over Chile, 11,000km away. The record-breaking inferno that engulfed Australia was described as a “global catastrophe, and a global spectacle”. As reported in the New Statesman, Australia had come to symbolise “the extreme edge of a future awaiting us all” as a result of the climate crisis. The Australian government’s inquiry into the bushfires unequivocally reported that “it is clear that we should expect fire seasons like 2019–20, or potentially worse, to happen again”.

If we turn the clock back to less than a year earlier, 15 March 2019 marked the day that 1.4 million children turned out at locations around the world, on “strike” from school in support of action against the climate crisis. In Australia, the strikes were especially targeted at the government’s dismal record of inaction, with many politicians being climate-change deniers. The Australian prime minister, Scott Morrison, was vocal in his criticism of the strikes. He wanted students to stay in school instead of engaging in democratic protest. His public statement said: “I want children growing up in Australia to feel positive about their future, and I think it is important we give them that confidence that they will not only have a wonderful country and pristine environment to live in, that they will also have an economy to live in as well. I don’t want our children to have anxieties about these issues.”

Twenty firms produce 55% of world’s plastic waste, report reveals

Posted on May 17, 2021 by Admin

Plastic Waste Makers index identifies those driving climate crisis with virgin polymer production

Twenty companies are responsible for producing more than half of all the single-use plastic waste in the world, fuelling the climate crisis and creating an environmental catastrophe, new research reveals.

Among the global businesses responsible for 55% of the world’s plastic packaging waste are both state-owned and multinational corporations, including oil and gas giants and chemical companies, according to a comprehensive new analysis.

‘It’s a big deal’: why former protester turned Davos mayor wants WEF back

Posted on January 23, 2021 by Admin

Philipp Wilhelm knows local people rely on forum’s revenue – but still thinks world must change

In his youth, Philipp Wilhelm was at the forefront of protests against the World Economic Forum’s annual “extreme capitalism” gathering of the business and political elite in Davos, the Swiss mountain resort where he grew up.

Now, however, Wilhelm is the mayor of the town and his central mission is to ensure the return of the WEF jamboree, which had been scheduled to start next week but was cancelled this year due to the pandemic.

Most of world’s biggest firms ‘unlikely’ to meet Paris climate targets

Posted on September 23, 2019 by Admin

Only a fifth of the companies will remain on track, according to analysis of their disclosures

More than four fifths of the world’s largest companies are unlikely to meet the targets set out in the Paris climate agreement by 2050, according to fresh analysis of their climate disclosures.

A study of almost 3,000 publicly listed companies found that just 18% have disclosed plans that are aligned with goals to limit rising temperatures to 1.5C of pre-industrialised levels by the middle of the century.