AF&PA’s Better Practices, Better Planet 2020 purchased energy efficiency goal is a great example of a sustainability goal that furthers all three pillars of sustainability: economic, social, and environmental. Using energy more efficiently reduces companies’ overall energy costs, thereby improving profitability; frees up resources for other more productive investments in mills and communities; and, reduces environmental impacts. It also complements our goal to reduce water use in AF&PA member mills by 12 percent, as reducing water use has the added benefit of reducing mills’ energy consumption. On average, AF&PA members meet about two thirds of their energy demand from self-generated renewable biomass. Striving for the most efficient energy consumption is important to companies small and large because our industry remains energy intensive.
Leading retailers H&M Group, Ingka Group (IKEA), Kingfisher plc and Walmart today launched a new climate change initiative – the Race to Zero Breakthroughs: Retail Campaign – in partnership with the COP26 High Level Climate Action Champions and supported by the World Business Council for Sustainable Development (WBCSD). Retailers have pledged their support to accelerate a movement in the retail industry to drive climate action and encourage other retailers to set out their plans to achieve 1.5 degree aligned carbon reduction targets.
The retail sector faces unprecedented challenges due to climate change, which have only been accentuated by the COVID-19 pandemic. The imperative to take action to limit warming to 1.5 degrees Celsius has never been higher. Despite bold actions from some leading retail brands, a decarbonization pathway for the sector is notably absent, with only 5% of retail businesses – by total global industry revenues – having committed to taking action to limit global warming in accordance with the Paris Agreement goals.
“I encourage the retail industry to join us and take immediate climate action to halve global emissions by 2030. Together, we can win the Race to Zero,” said Nigel Topping, a UN high-level climate champion for COP26.
Peter Bakker, president and CEO of the World Business Council for Sustainable Development (WBCSD), the organization leading the campaign, said: “This campaign is a call to retailers everywhere to take ambitious climate action as they increasingly recognize the risks posed by climate change across their supply chains and operations. We need more retailers to join the UNFCCC’s Race to Zero and showcase leadership and commitment, like H&M Group, Ingka Group (IKEA), Kingfisher and Walmart.”
He emphasized that, “The climate emergency, together with the loss of nature and rising inequalities, are the greatest and most complex challenges of our time. Only by joining forces and collectively rethinking the industries, like retail, will it be possible to tackle them. Governments, investors and businesses are uniting to support a pathway to limit the global temperature rise to 1.5°C, in line with the goals of the Paris Climate Agreement – the only viable way for people and planet.”
more at source: https://corporate.walmart.com/newsroom/2021/07/07/retailers-join-forces-to-tackle-climate-change-in-the-race-to-zero