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Zawya
2 days ago
- Business
- Zawya
Tetra Pak releases Its 26th Sustainability Report
Cairo: Tetra Pak the world-leading company in food processing and packaging solutions launched its full-year 2024 (FY24) Sustainability Report, highlighting a 25% reduction of greenhouse gas (GHG) emissions across its value chain since 2019, marking a further five percentage-point improvement since 2023. Within its own operations, the company has achieved a 54% reduction in GHG emissions since 2019 and reports 94% renewable energy consumption in its own operations, keeping the company on track to achieve net-zero GHG emissions in its own operations by 2030. Moreover, these environmental achievements go hand in hand with the company's continuous efforts to improve livelihoods and strengthen economies through the delivery of safe food everywhere. Adolfo Orive, President & CEO at Tetra Pak, comments: "By 2050, the global population is projected to reach 10 billion, driving a 60% surge in food demand. Yet, while food systems are vital to sustaining modern life, they also account for more than one-third of global greenhouse gas emissions." He added: "This growing tension between the need for increased food production and reduced environmental impact presents a critical challenge – one that Tetra Pak is committed to addressing. As highlighted in our latest Sustainability Report, we are driving more secure and sustainable food systems, while mitigating climate impacts and improving livelihoods. We look forward to working with our customers and other stakeholders as we continue the journey." The progress illustrated in the Tetra Pak FY24 Sustainability Report puts the company on track to achieve its 2030 ambition of reducing GHG emissions across its value chain by 46% (Scopes 1, 2 and 3) compared to the 2019 base year. This follows another year of significant development in decarbonising the company's own operations and helping its customers reduce their emissions through the equipment, technology and services that Tetra Pak provides. Such advancements demonstrate the company's ongoing commitment to working collaboratively with suppliers, customers and other stakeholders to achieve net-zero GHG emissions across the value chain by 2050, compared to the 2019 baseline. One significant contributor to Tetra Pak's progress in reducing GHG emissions across its value chain in 2024 was the company's resource-efficient equipment, whole-factory optimisation technology, and packaging solutions with lower carbon footprints. These innovations have helped food and beverage producers maintain their competitive edge while reducing their own emissions. The report indicates that in 2024, GHG emissions from delivered ambient dairy lines decreased by 13% compared to 2023, and by 42% from the 2019 baseline. New equipment introduced this year, such as the Tetra Pak® Tubular Heat Exchanger featuring unique, patent-pending Q corrugation, has proved particularly impactful. This design reduces the pressure drop by 40% (that is, the reduction in pressure as fluid flows through the tubes), allowing customers to cut the electricity consumption of the heat exchanger pump used during food and beverage production for processes such as sterilization and pasteurization by up to 40% compared to the previous market-leading model. As a result, customers benefit from both lower energy costs and a reduced carbon footprint at the same time. Other notable achievements shared in the company's FY24 Sustainability Report include: Helping food production factories achieve up to a 40% reduction in energy consumption and a 60% improvement in quality consistency, thereby preventing food waste, through Tetra Pak's advanced manufacturing solutions. Providing 66 million children in 49 countries with milk or other nutritious beverages in packages through school feeding programmes. Helping 84,000 smallholder dairy farmers across 29 Dairy Hub sites worldwide achieve greater income security while providing stable raw milk supply to dairy manufacturers. Investing approximately €100 million in research and development to further enhance the environmental profile of cartons without compromising food safety. This investment led to innovations such as recycled polymer caps developed in partnership with Elle & Vire, and the Tetra Brik® Aseptic 200 Slim Leaf with a paper-based barrier. Launching the company's award-winning Approach to Nature framework, which outlines specific actions, and more than 20 measurable targets aimed at halting and reversing nature loss. This framework supports ecosystem restoration and enhances water security. Strengthening and scaling the company's engagement with workers across the value chain through worker voice surveys, impact assessments, and third-party interviews. Engaging 150 suppliers through its supplier sustainability initiative, Join Us in Protecting the Planet. It is worth noting that Tetra Pak Egypt follows a clear sustainability strategy focused on protecting food, people, and the planet. The company is also committed to developing an integrated infrastructure that supports building a more efficient and sustainable economy, through initiatives that promote the circular economy and contribute to strengthening the recycling sector in Egypt. One of its most successful partnerships is with Uniboard, the only factory in Egypt with the capacity and infrastructure to handle large day to day volumes of used beverage cartons. Tetra Pak Egypt also recently launched the first recycling line for beverage cartons in the Egyptian market through a joint investment with Uniboard worth approximately €2.5 million. Tetra Pak will continue working to expand its initiatives to achieve a more sustainable future for Egypt and the region.
Forbes
6 days ago
- Politics
- Forbes
World Court Climate Change Opinion Validates Trump's Paris Agreement Concerns
US President Donald Trump holds letter to the UN stating the US withdrawal from the Paris Agreement ... More during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) On July 23, the International Court of Justice released its Advisory Opinion relating to the Obligations of States in respect of Climate Change. The Court found that developed countries, like the United States, must take action to reduce GHG emissions to meet the goals of the Paris Agreement. Those countries could also be required to pay reparations to developing countries that are 'adversely impacted' by the effects of climate change. The opinion, while non-binding, gives teeth to the Paris Agreement and reinforces many concerns expressed by President Trump. The Paris Agreement is an international treaty adopted in 2015 to address the impacts of climate change. The agreement sets a goal of reaching net-zero GHG emissions by 2050. To reach that goal, a series of policies were adopted to address how governments and businesses reduce and report GHG emissions. It also focused on funding of both climate change initiatives and the economic impacts of climate change. In 2019, President Trump withdrew the U.S. from the treaty, only for President Joe Biden to rejoin in 2021. On January 20, 2025, Trump signed an executive order to withdraw the U.S. from the agreement for a second time. The justifications can be found in a June 2017 statement by legal liability has become a reality. In March 2023, at the request of Vanuatu, the UN General Assembly asked the ICJ to issue an advisory opinion on the legal obligations of countries in preventing climate change. The opinion gives an indicator of how the Court may interpret future climate related litigation and guide future legislative development. Following two years of proceedings, including both written and oral statements, the Court issued its opinion, and a shorter summary of the opinion, on July 23. The opinion started with the obligations in the United Nations Framework Convention on Climate Change, the Kyoto Protocol, and the Paris Agreement. During the proceedings, a divide was formed between large, developed countries and developing countries. One particular legal debate related to the obligations states have under the Paris Agreement. Article 4, paragraph 2 of the Agreement requires countries to 'prepare, communicate and maintain successive nationally determined contributions that it intends to achieve. Parties shall pursue domestic mitigation measures, with the aim of achieving the objectives of such contributions.' These NDCs outline actions taken by the the countries to reduce GHG emission. Throughout the Court's proceedings, this process was been referred to as procedural, meaning that countries are only required to go through the process of creating the report. Notably, this argument was made by attorneys representing the Biden Administration. The debate arises over whether there is a substantive, or actual action, required to enact the goals of the NDC. A substantive requirement creates a legal liability to act and could lead to legal consequences for failure to act. To justify the substantive argument, advocates point to Article 4, paragraph 3 that states successive NDCs 'will represent a progression beyond the Party's then current nationally determined contribution and reflect its highest possible ambition, reflecting its common but differentiated responsibilities and respective capabilities, in the light of different national circumstances.' Developing countries also argued that the goal of net zero GHG emissions by 2050, and the goal to limit global warming to 1.5 C are aspirational and not legally binding. However, the Court disagreed. The Court determined that NDCs, steps to reduce GHG emissions, and the 1.5 C target are not aspirational, rather countries have a legal obligation to meet those goals. Further, the Court said failure to act could bring legal liability. According to the Court, if developed countries fail to take action to mitigate the impacts of climate change, developing states that are 'adversely impacted' by climate change can take legal action. If successful, high GHG emitting countries will have a 'duty to make reparation.' Reparation can come in the form of restitution, like 'reconstructing damaged or destroyed infrastructure, and restoring ecosystems and biodiversity", or compensation. While the ICJ's Advisory Opinion relating to the Obligations of States in respect of Climate Change was non-binding, it will be used as a strong legal argument in future cases. Expect a wave of litigation relating to climate change. It will not take long for developing countries to file complaints before the ICJ seeking damages from the United States, China, Australia, and the European Union. Activists will also use the opinion in national courts to challenge both the actions of governments and of companies.
Yahoo
22-07-2025
- Health
- Yahoo
Afya Limited Releases 2024 Sustainability Report
BELO HORIZONTE, Brazil, July 22, 2025--(BUSINESS WIRE)--Afya Limited (Nasdaq: AFYA; B3: A2FY34) ("Afya" or the "Company"), the leading medical education group and medical practice solutions provider in Brazil, announces the release of its 2024 Sustainability Report. The document, which presents Afya's trajectory throughout 2024, follows the Global Reporting Initiative (GRI) standards and is aligned with the Sustainable Development Goals (SDGs). It also reports specific indicators from the Sustainability Accounting Standards Board (SASB) and elements of the International Integrated Reporting Council (IIRC). The sustainability report contains some of the results of the fifth Greenhouse Gas (GHG) Emissions Inventory. Both of which have undergone individual audits by KPMG. The report is divided into two publications a narrative document and a technical annex in Excel format, which addresses all GRI and SASB indicators. Afya's 2024 Sustainability Report is available at: About Afya Limited (Nasdaq: AFYA, B3: A2FY34) Afya is a leading medical education group in Brazil based on the number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students and physicians to transform their ambitions into rewarding lifelong experiences from the moment they join us as medical students through their medical residency preparation, graduation program, continuing medical education activities and offering medical practice solutions to help doctors enhance their healthcare services through their whole career. View source version on Contacts Investor Relations Contact:Afya Limitedir@
Associated Press
07-07-2025
- Business
- Associated Press
Regulatory Spotlight: Navigating California's Climate Accountability Package (CCAP)
Passed in 2023, the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Act (SB 261) were viewed as groundbreaking legislation in the United States and around the world. Despite challenges to the legislation, changes in geopolitical pressures, and the latest from the European Union's Omnibus I package, California has remained steadfast in their commitment to ensuring companies consider and disclose climate-related matters starting in 2026. Understanding these regulations and their evolving timelines is crucial for compliance and strategic planning. Summarizing California's Key Climate Acts SB 253: The Climate Corporate Data Accountability Act This act mandates that public and private companies doing business in California with total annual revenues exceeding $1 billion USD report their greenhouse gas (GHG) emissions in accordance with the GHG Protocols. SB 261: The Climate-Related Financial Risk Act This act requires public and private companies doing business in California with total revenues exceeding $500 million USD to biennially disclose their climate-related financial risks. These disclosures must follow the Task Force on Climate-Related Financial Disclosures (TCFD) framework or its successors, such as the International Financial Reporting Standards (IFRS) Sustainability Standards, specifically 'IFRS S2". The key deadline for SB 261 is January 1, 2026. SB 219: Greenhouse gases: climate corporate accountability: climate-related financial risk This bill was introduced in September 2024, providing an extension for CARB to finalize and adopt the new rules for both SB 253 and SB 261 in July 2025. The bill also streamlines SB 253 reporting requirements for parent companies, removing the requirement for subsidiaries to file separate reports. Latest Developments and Global Influence On May 29, 2025, the California Air Resources Board (CARB) hosted a virtual workshop to discuss the implementation of SB 253 and SB 261, as well as the amendments under SB 219. During the workshop, State Senators Scott Weiner and Henry Stern acknowledged the global influence of similar disclosure regulations, such as the EU's Corporate Sustainability Reporting Directive (CSRD), but reiterated that the compliance deadlines for California's bills remain unchanged. CARB presented initial concepts regarding definitions for 'doing business in California,' 'revenue,' and 'corporate relationships'. However, CARB also indicated that more time is needed to finalize their proposed rules and that meeting the July 1 deadline presented in SB 219 would be unlikely. Instead, the rules package for SB 253 and SB 261 is now anticipated to be finalized by the end of the 2025 calendar year. In a similar fashion, on July 1, 2025, the European Financial Reporting Advisory Group (EFRAG) announced that they would also extend their public consultation period from the end of July through the end of September, extending the revision and simplification deadline of the European Sustainability Reporting Standards (ESRS) until November 30, 2025. It is yet to be seen if the delay for the updated ESRS will have further impact on the status of the California rules. A notable point from the workshop was CARB's reminder about a December 2024 Enforcement Notice: reporting entities will not be subject to penalties for incomplete disclosures related to SB 253, provided they demonstrate 'good faith efforts' to collect GHG emissions data. It's important to note that a similar Enforcement Notice has not been introduced for SB 261 at this time. The California rulemaking process is comprehensive, offering opportunities for public engagement and compliance reviews. CARB remains in the 'Pre-Rulemaking' stage and intends to continue public engagement before issuing proposed regulations. Once the proposed rules are ready, CARB will enter the 'Formal Rulemaking' status, with one year to finalize and adopt the rules into law. This means that the final rules might not be ready until late 2026. Preparing for Compliance: Actionable Steps Despite the delayed release of formal guidance materials, the statutory deadlines for these regulations remain in effect. Therefore, companies, especially those new to GHG emissions inventories and/or climate-related risk reporting, should begin preparations as soon as possible. Here are key areas your organization should focus on: Key Deadlines at a Glance: The evolving landscape of climate corporate accountability demands proactive engagement. Antea Group is here to help your organization navigate these complex regulations and build a resilient sustainability reporting framework. Is your company prepared for California's new climate disclosure mandates? Learn how Antea Group can support your compliance journey and enhance your sustainability reporting: Visit 3BL Media to see more multimedia and stories from Antea Group
bnok24
07-07-2025
- Business
- bnok24
Emirates NBD Egypt Releases Its First Carbon Footprint Report
Emirates NBD Egypt announced the release of its first Carbon Footprint Report, marking its initial comprehensive assessment of greenhouse gas (GHG) emissions resulting from its operations. This report affirms the bank's firm commitment to applying the highest standards of accuracy and transparency in measuring and disclosing emissions, and represents a pivotal step in the bank's efforts towards transitioning to a green economy by minimizing its environmental footprint and embedding sustainability at the core of its operations The report covered all of the bank's operational facilities, including branches, headquarter, sales buildings, and warehouses. The report provides a breakdown of emissions across three main scopes: direct emissions under scope 1 amounted to 589 mtCO2e, indirect emissions from purchased energy under scope 2 reached approximately 5,956 mtCO2e, while other indirect emissions under scope 3 totaled 7,701 mtCO2e. This brings the bank's total carbon emissions to 14,246 mtCO2edemonstrating its continued dedication to adopting sustainable practices and understanding the full scope of its environmental impact In this context, Amr ElShafei, CEO and Managing Director of Emirates NBD Egypt, stated: 'Issuing this report reflects our profound commitment to embedding sustainability within the core of our operations and enhancing transparency in data disclosure. We strive to play an active role in addressing climate change challenges by adopting integrated solutions that align with Egypt's Vision 2030 and the Sustainable Development Goals.' He added: 'At Emirates NBD Egypt, we believe that real economic growth goes hand in hand with environmental protection. We will continue to develop innovative initiatives that contribute to emission reduction and help build a more sustainable and prosperous future for the generations to come Amgad Doma, Chief Strategy & Sustainability Officer at Emirates NBD Egypt, also commented: 'This report serves as a cornerstone in our journey toward achieving carbon neutrality, leveraging its preparation on a thorough analysis of emission sources across all our operations, allowing us to design practical and impactful solutions for carbon reduction. The report also crowns our continued efforts to develop an integrated disclosure framework that enhances transparency and ensures our alignment with international sustainability standards, while supporting Environmental, Social, and Governance (ESG) data governance in line with global best practices.' He added: 'Through these efforts, we aim to embed a culture of sustainability within the bank and solidify our leadership in this field across the Egyptian banking sector As part of its environmental commitment, Emirates NBD Egypt is currently developing a comprehensive decarbonization plan focused on reducing its carbon emissions. This includes implementing a holistic energy management system, adopting environmentally responsible practices, optimizing water and electricity consumption, improving waste management strategies, and boosting recycling processes. Additionally, the bank is committed to applying green building standards across many of its upcoming construction projects Emirates NBD Egypt continues to advance its sustainable growth by innovating in banking services and investing in renewable energy, thereby creating real sustainable value for both the community and the environment. The release of the first carbon footprint report marks a significant milestone in this direction, laying a solid foundation for monitoring and reducing carbon emissions in alignment with national efforts and The Central Bank of Egypt's directions toward a green economy and the achievement of Egypt's Vision 2030 Google News تابعونا على تابعونا على تطبيق نبض
