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Consumer goods giant Unilever Plc. (ULVR.L) stated on Monday that it would invest 1 billion Euros in a new Climate & Nature fund and achieve net-zero greenhouse gas emissions from all its products by 2039, 11 years ahead of the 2050 Paris Agreement.
The Anglo-Dutch consumer products company said that the fund would be used over the next ten years to take meaningful action with projects likely to include landscape restoration, reforestation, carbon sequestration, wildlife protection, and water preservation.
“We are now going much wider in our commitments, we call it a cradle to shelf commitment...across the value chain,” Unilever’s Chief Supply Chain Officer Marc Engel stated.
Unilever’s Chief Executive Officer Alan Jope said in an interview that while the world was rightly focused on the devastating coronavirus outbreak and severe inequality issues raised by the Black Lives Matter protests, the climate emergency should not be overlooked. He also added that climate change is still a threat to all of the people in the world.
Unilever aims to have no carbon emissions from its operations and to halve the greenhouse gas footprint of its products by 2030. According to the data on its website, Unilever’s total greenhouse gas footprint reached 60 Million tonnes of carbon dioxide in 2019.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
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