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Report: Companies Maintaining Sustainability Budgets Despite Trade Disruptions
Yahoo Finance· 2026-03-23 18:00
Core Insights - Companies are maintaining or increasing their sustainability budgets despite challenges from tariffs and supply chain disruptions [1][2] Group 1: Sustainability Budgets - Nearly 95% of responsible sourcing professionals reported that their sustainability and risk management budgets are either being maintained (39%) or increased (56%) for 2026 [2] - Companies are still investing in sustainability, but only 24% expressed high confidence in their ability to identify risks to these efforts [3] Group 2: Compliance Challenges - Over half of businesses (54%) faced penalties or fines for responsible sourcing violations in the past year, indicating stricter regulations and increased supply chain disruptions [3] - Key challenges identified include tariffs (47%) and poor data quality (49%), along with limited resources to address changing immigration policies and civil unrest [4] Group 3: Geopolitical Impact - The survey was conducted before the conflict with Iran, which has already affected supply chains, particularly in the Strait of Hormuz [5] - Ongoing global conflicts are reshaping supply chains, necessitating a proactive approach to risk management and due diligence [6]
Brightstar Lottery Receives First Score as Pure Play Lottery Company in S&P Global Corporate Sustainability Assessment
Prnewswire· 2026-03-10 10:45
Core Insights - Brightstar Lottery PLC received its first score in the 2025 S&P Corporate Sustainability Assessment, achieving an overall score of 56, which is nearly double the industry average of 31 [1] - The company has been included in the S&P Global Sustainability Yearbook for 2026, highlighting its strong sustainability performance as a pure play lottery company [1] Company Performance - Brightstar Lottery's score of 56 reflects its commitment to sustainability and positions it as a leader in the lottery industry [1] - The company emphasizes integrating sustainable practices into its corporate identity through strategic efforts focused on stakeholders [1] Industry Context - The S&P Corporate Sustainability Assessment evaluates companies across 61 industries, using a best-in-class approach to score companies on approximately 20 financially relevant sustainability criteria [1] - Brightstar Lottery serves nearly 90 lottery customers globally and is a primary technology provider to 26 of the 46 lottery jurisdictions in the U.S. [1]
WuXi Biologics Included in S&P Global Sustainability Yearbook for Fourth Consecutive Year
Prnewswire· 2026-03-02 03:21
Core Insights - WuXi Biologics has been included in the S&P Global Sustainability Yearbook 2026 for the fourth consecutive year, achieving a Top 1% S&P Global Corporate Sustainability Assessment (CSA) Score, ranking first in its industry [1][1][1] Group 1: Company Performance - The company was recognized among 848 top performers out of over 9,200 companies assessed in the 2025 CSA [1][1] - WuXi Biologics' CEO, Dr. Chris Chen, emphasized the company's commitment to enhancing sustainability performance and delivering ESG excellence [1][1] Group 2: Sustainability Initiatives - WuXi Biologics is a participant in the United Nations Global Compact (UNGC) and the Pharmaceutical Supply Chain Initiative (PSCI), advocating for sustainability [1][1] - The company has received multiple recognitions, including an MSCI AAA Rating, EcoVadis Platinum Medal, and inclusion in the Dow Jones Sustainability Indices [1][1][1] Group 3: Operational Overview - WuXi Biologics employs over 12,000 skilled employees across various countries and supports 945 integrated client projects, including 74 in Phase III and 25 in commercial manufacturing as of December 31, 2025 [1][1] - The company aims to become an ESG leader in the biologics CRDMO sector, utilizing next-generation biomanufacturing technologies and clean-energy sources [1][1]
Melco included in the S&P Global Sustainability Yearbook 2026
Globenewswire· 2026-02-26 09:12
Group 1 - Melco Resorts & Entertainment has been included in the S&P Sustainability Yearbook 2026, ranking in the 96th percentile within the Casinos and Gaming Industry, an improvement from the 92nd percentile the previous year [1] - The Yearbook recognizes companies that score within the top 15% of their industry based on the S&P Global 2025 Corporate Sustainability Assessment, with only about 800 out of over 9,200 assessed companies making the list [2] - Melco has consistently achieved a B score for CDP Climate 2025 and improved its CDP Water score from B to A-, while also holding an A rating from MSCI, reflecting its commitment to sustainability [3] Group 2 - Melco Resorts & Entertainment operates integrated resort facilities in Asia and Europe, including City of Dreams and Altira Macau in Macau, City of Dreams Manila in the Philippines, and City of Dreams Mediterranean in Cyprus [4] - The company is majority owned by Melco International Development Limited, which is led by Mr. Lawrence Ho, who serves as the Chairman, Executive Director, and CEO of Melco [5]
Melco included in the S&P Global Sustainability Yearbook 2026
Globenewswire· 2026-02-26 09:12
Core Insights - Melco Resorts & Entertainment has been included in the S&P Sustainability Yearbook 2026, ranking in the 96th percentile within its industry group, an improvement from the 92nd percentile the previous year [1][2] Group 1: Sustainability Recognition - The inclusion in the Yearbook is based on the S&P Global 2025 Corporate Sustainability Assessment, where only the top 15% of companies in each industry are selected [2] - Over 9,200 companies were assessed for the 2025 CSA, with only around 800 companies across 59 industries making it to the Yearbook [2] Group 2: Company Performance - Melco has consistently achieved a B score for CDP Climate 2025 and improved its CDP Water score from B to A- [3] - The company holds an A rating from MSCI, reflecting its commitment to sustainability [3] Group 3: Leadership Statement - Mr. Lawrence Ho, Chairman & CEO, emphasized the company's commitment to sustainability and the importance of the CSA assessment as a benchmark for evaluating their impact [3] Group 4: Company Overview - Melco Resorts & Entertainment is a developer, owner, and operator of integrated resort facilities in Asia and Europe, including City of Dreams and Altira Macau [4] - The company operates various integrated resorts and gaming facilities in multiple regions, including the Philippines and Cyprus [4]
Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement
Globenewswire· 2026-02-02 21:04
Core Insights - Sonoco has initiated a Virtual Power Purchase Agreement (VPPA) with ENGIE North America for the Big Sampson Wind Project, which will supply over 83% of Sonoco's U.S. electricity needs [1][2]. Company Initiatives - The VPPA will provide an estimated 140 megawatts of electricity annually, covering approximately 83% of Sonoco's U.S. electricity consumption in 2025 and about 52% of Big Sampson's expected output capacity for a 15-year term [2]. - This initiative aligns with Sonoco's sustainability goals, aiming to reduce global Scope 1 and Scope 2 emissions by 25% by 2030 from a 2020 baseline, with the VPPA expected to help reduce carbon emissions by approximately 19% [3]. Project Details - The Big Sampson Wind Project consists of 60 wind turbines, each with a generating capacity of 4.5 megawatts, and is expected to create long-term tax revenues exceeding $60 million for Crockett County and local school districts over its 15-year lifespan [6][7]. - The project employed around 400 skilled construction professionals during its development phase and will maintain 10 to 15 full-time operational staff [6]. Industry Context - ENGIE North America, a leader in the net zero energy transition, has over seven gigawatts of renewable energy production in operation or under construction across the U.S. and Canada [5]. - The partnership between Sonoco and ENGIE is expected to accelerate the addition of new clean power to the U.S. grid, supporting economic growth and meeting increasing energy demand [6].
Franco-Nevada Recognized as One of Corporate Knights' 2026 Global 100 Most Sustainable Corporations
Prnewswire· 2026-01-21 22:05
Core Insights - Franco-Nevada Corporation has been recognized as one of the 2026 Global 100 Most Sustainable Corporations by Corporate Knights, marking its first inclusion in this ranking [1][2]. Corporate Summary - Franco-Nevada is a leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets [4]. - The company's business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation [4]. - Franco-Nevada is debt-free and utilizes its free cash flow to expand its portfolio and pay dividends [4]. - The company trades under the symbol FNV on both the Toronto and New York stock exchanges [4].
Koppers Named To Newsweek 'America's Most Responsible Companies' Listing
Prnewswire· 2025-12-16 13:45
Core Insights - Koppers Holdings Inc. has been recognized as one of America's Most Responsible Companies for the sixth consecutive year in 2026 by Newsweek magazine [1][2] Company Overview - Koppers is an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, employing 1,850 people [4] - The company focuses on creating, protecting, and preserving essential elements of global infrastructure, including railroad crossties and utility poles [4] Sustainability Achievements - Koppers' recent Corporate Sustainability Report (2024) highlights significant achievements: - 2.52 total recordable injury rate, the lowest in company history [7] - 53% increase in solar energy production year-over-year [7] - 27% of energy consumed is produced from renewable sources [7] - 38% of timber purchases in the Utility and Industrial Products business were sustainably certified, the highest on record [7] - 81% of employees reported being happy working at Koppers, the highest score since 2018 [7] Recognition Criteria - The selection of top companies is based on quantitative research from the 2,000 largest publicly traded companies in the U.S., utilizing over 30 key performance indicators in environmental, social, and corporate governance [3]
Pebblebrook Hotel Trust Publishes Seventh Annual Corporate Sustainability Report
Businesswire· 2025-12-05 12:00
Core Insights - Pebblebrook Hotel Trust released its seventh annual Corporate Sustainability Report, showcasing its 2024 performance and ongoing commitment to responsible business practices and sustainability [1] Group 1: Sustainability Reporting - The 2025 Corporate Sustainability Report aligns with international frameworks such as the Global Reporting Initiative (GRI) and includes disclosures per the Real Estate Sustainability Accounting Standard of the Sustainability Accounting Standards Board (SASB) [2] - The company has enhanced its sustainability risk evaluation by following the guidelines of the Task Force on Climate-Related Financial Disclosure (TCFD), incorporating elements from the International Sustainability Standards Board's (ISSB) IFRS climate-related disclosures for the first time [2] Group 2: Environmental Goals and Achievements - Pebblebrook aims to reduce greenhouse gas emissions intensity by 35% by 2030, with significant progress already made across its portfolio [3] - Key achievements include a 41% reduction in greenhouse gas (GHG) emissions intensity per square foot, a 26% decrease in energy intensity per square foot, and a 69% decline in waste intensity per occupied room [7] Group 3: Corporate Governance - The CSR Committee comprises three independent members of the Board of Trustees, one executive officer, and four senior employees, indicating a structured approach to sustainability governance [5] Group 4: Company Overview - Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) and the largest owner of urban and resort lifestyle hotels in the U.S., owning 44 hotels and resorts with approximately 11,000 guest rooms across 13 markets [6]
H2O America Releases 2024 Corporate Sustainability Report
Globenewswire· 2025-09-04 13:15
Core Insights - H2O America has released its 2024 Corporate Sustainability Report, showcasing its sustainability efforts and community impact across multiple states [1][2]. Sustainability Achievements - The company achieved a 43% reduction in Scope 1 and 2 greenhouse gas emissions from the 2019 baseline, moving towards a 2030 goal of 50% reduction [10]. - Solar energy generation increased by 73%, with the addition of eight new solar projects, including the first in Texas [10]. - A total of $353 million was invested in water infrastructure, which included the replacement of 46 miles of pipeline and the installation of over 20,000 smart meters [10]. Water Quality and Compliance - H2O America reported zero violations of drinking water standards across all subsidiaries, with over 73,000 compliance samples conducted [10]. Community Engagement - The company made $400,000 in charitable donations and launched the Force for Good Foundation to support local nonprofits [10]. Customer Satisfaction - H2O America achieved an 85.2% customer satisfaction rate and expanded flexible payment plans and rate assistance programs [10]. Governance - The board of H2O America is majority-female, with eight out of ten members being independent, and the company has initiated an enterprise risk management program [10].