Latest news with #ScienceBasedTargets
Qatar Tribune
13 hours ago
- Business
- Qatar Tribune
Msheireb Properties partners with Cundall to deliver Qatar's first large-scale portfolio decarbonization strategy
Msheireb Properties, Qatar's leading sustainable real estate developer, has partnered with global multi-disciplinary consultancy Cundall to decarbonize its entire portfolio in Msheireb Downtown Doha. Msheireb Properties stated in a press release that this landmark initiative is the first of its kind at this scale in Qatar, reinforcing Msheireb Properties position as a pioneer in sustainable urban development and supports the goals set out in the Qatar National Vision 2030. As part of the project, Cundall conducted a detailed carbon footprint analysis across the full asset portfolio which includes over 100 buildings, 800+ residential units, and 300+ retail spaces. The decarbonization strategy targets emissions reductions across all three GHG Protocol carbon accounting scopes (1, 2 and 3) and aligns with the Science Based Targets initiative (SBTi), a globally recognized benchmark for decarbonization. Carbon accounting marks the first step in Msheireb Properties decarbonization roadmap, that accounts for direct building emissions and indirect emissions. Each building has been assessed against Cundall's Seven Steps to Net Zero Carbon, with detailed action plans developed to reduce operational energy consumption through priority upgrades to mechanical, electrical, and plumbing (MEP) systems. Comprehensive energy audits were conducted across all building typologies to evaluate current performance and identify high-impact, cost-effective energy-saving opportunities. The wider decarbonization plan also addresses elements such as sustainable procurement, supply chain engagement, waste management, and policy enhancement. Each asset received a performance rating and had measures identified as part of their tailored pathway to net zero carbon. As part of its leadership in carbon transparency, Msheireb Properties will now be able to provide granular emissions data to tenants - supporting their own decarbonization goals and enabling alignment with international sustainability frameworks. Fatima Fawzy, Sustainability Manager at Msheireb Properties, said: "This is more than a sustainability initiative - it's a pivotal step in redefining the future of urban living in Qatar. By embedding science-based decarbonization across our entire portfolio, we are not only setting a bold new benchmark for climate leadership in the region, but also demonstrating what is possible when innovation, transparency, and collaboration come together. This milestone reflects our long-term commitment to driving measurable climate action in the built environment and highlights the impact of working with forward-thinking partners like Cundall." Gary Dodds, Partner and Country Director - Qatar, Cundall, added: "We are proud to support Msheireb Properties on this pioneering journey. This is not just about upgrading buildings, it's about reshaping what sustainable development looks like in Qatar. By taking a portfolio-wide view, we're helping deliver meaningful change that aligns with both local goals and global expectations." Mario Saab, Director of Sustainability MENA, Cundall, said: "By taking a data-led, science-aligned approach to portfolio decarbonization, Msheireb Properties is setting a new standard for sustainable development in the region - one that others can learn from and follow." This strategic partnership is part of Msheireb Properties' ongoing efforts to advance sustainable and smart infrastructure in the State of Qatar and to strengthen its position as a regional and global leader in sustainable real estate development.
Yahoo
7 days ago
- Business
- Yahoo
APC to expand pouching capabilities in Iowa, US
American Packaging Corporation (APC) has announced plans for an expansion of its pouching capabilities at its Center of Excellence in Story City, Iowa, US. The company aims to commence construction in October this year, with the project expected to be completed by the end of September 2026. This expansion is said to demonstrate APC's commitment to enhancing its flexible packaging solutions, which include various pouches, bags, and others. APC CEO and president Ray Graham said: 'American Packaging is uniquely positioned to meet the growing demand for pouches and bags for a wide variety of applications. 'Customers can find the perfect combination of packaging materials, printing, and special features for their products.' The project will allow APC to serve the growing demand for these solutions in North America. APC operations director Kevin Neis said: 'APC's Story City Center of Excellence offers award-winning flexographic printing for its preformed pouches and bags, creating vivid graphics with eye-catching shelf appeal that our customers value. We are excited to expand our pouching capacity and capability.' Established in 1902, APC is a family-owned company that operates six Centers of Excellence across the US and employs around 1,300 staff members. In March this year, APC announced that the Science Based Targets initiative approved its near-term emissions reduction targets. The company aims to reduce its absolute scope 1 and 2 greenhouse gas emissions by 58.8% by 2034, using 2023 as the baseline year. "APC to expand pouching capabilities in Iowa, US" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Major grocery chain announces game-changing initiative to solve ongoing issue with its products: 'Will have a substantial impact'
A grocery store in the United Kingdom is committing to a major change in its packaging, looking to reduce plastic waste and make recycling easier for its customers. The chain Co-op announced it will switch from plastic packaging to more sustainable options for its private label products, including bakery items, produce, and proteins, according to Trend Hunter. The initiative will reportedly remove 115 tonnes (253,532 pounds) of plastic per year. "Co-op is committed to making a difference to the lives of our members and the world in which they live," group property and sustainability director Heather Thomas said in a statement. "These new packaging developments will have a substantial impact across our operations, eliminating millions of pieces of plastic and importantly simplifying home recycling for our members and customers." According to Sustainable Packaging News, Co-op has a goal to reach net-zero carbon pollution in its operations by 2035 and across the company by 2040. The outlet also reported that the brand was recognized by Science Based Targets initiative. Switching to sustainable packaging and reducing plastic has proved to be a money saver for businesses, which can help consumers in turn. A PakFactory report explained that recyclable and biodegradable options, including cardboard, can often be cheaper than traditional packing supplies. They are also lighter, leading to reduced shipping costs. They require fewer resources to make than plastic, which uses dirty energy sources such as petroleum and isn't consistently recycled. The Supply Chain Solutions Center reports that 91% of plastic packaging is sent to landfills and often ends up in the environment in the form of chemicals or microplastics, which negatively impact human health. More and more companies are getting in on sustainable packaging, cutting down plastic in major ways. PepsiCo introduced 50% recycled chip bags in 2024, a major advancement for a company that is one of the biggest plastic producers in the world. And a grocery chain in the Netherlands launched PEF packaging, a plant-based material that is biodegradable. When you think about a product's packaging, which of these factors is more important to you? The way it looks The information it provides The waste it produces I don't think about packaging at all Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Solve the daily Crossword
Web Release
16-07-2025
- Business
- Web Release
LG'S LATEST SUSTAINABILITY REPORT HIGHLIGHTS PROGRESS TOWARD 2030 ENVIRONMENTAL GOALS
LG Electronics (LG) has released its 2024–2025 Sustainability Report, highlighting the company's strong progress toward its 2030 environmental targets, including reductions in greenhouse gas (GHG) emissions and advancements in resource circularity. The report outlines the company's wide-ranging efforts to embed sustainability into its operations as part of its vision for a Better Life for All. In 2024, LG's Scope 1 (direct) and Scope 2 (indirect) emissions totaled 910,000 tons of CO? equivalent (tCO?eq), bringing the company close to its 2030 goal of 878,000 tons. The company had previously set itself the goal to reduce GHG emissions by 54.6 percent (compared to 2017 levels) by 2030. The early achievement of this goal was driven by proactive adoption of energy-efficient equipment and carbon-reduction technologies across multiple production processes. LG is also making headway in cutting Scope 3 emissions from product use through expanded application of AI and other energy-saving technologies. In 2024, the company reduced product carbon emissions by 19.4 percent compared to 2020. Notably, LG was the first South Korean home appliance manufacturer to have its emissions reduction targets validated by the Science Based Targets initiative (SBTi). These targets include a 20 percent cut in Scope 3 emissions across seven key product categories by 2030 (based on a 2020 baseline). Progress has also been made in resource circulation. LG achieved a 97.4 percent waste recycling rate at its global production sites in 2024 – surpassing its 2030 goal of 95 percent. The company also collected 532,630 tons of used electronics from 91 locations in 56 countries last year, bringing its cumulative total since 2006 to over 5 million tons. Additionally, LG increased the amount of recycled plastic used in its products by 36 percent year-over-year. LG remains committed to enhancing accessibility in its products and services. The LG Comfort Kit, designed to make appliances easier to use regardless of age, gender or ability, now includes 14 products. Accessibility features such as screen reading and simultaneous audio output for hearing aids and speakers on LG OLED TVs, as well as kiosks with height adjustment and tactile keypads, further reflect this commitment. The company also provides inclusive services including disability care programs, sign language consultations, senior support, and in-store educational sessions on safety, IT and culture. LG continues to strengthen its approach to responsible management through a governance structure rooted in compliance and ethics. The company's board of directors is guided by principles of independence, expertise and transparency, while its ESG Committee plays an expanding role in overseeing sustainability initiatives. In its supply chain, LG supports shared growth through third-party ESG audits aligned with Responsible Business Alliance (RBA) standards. As a result of its continued efforts, LG ranked in the 'Top 1%' of S&P Global's Corporate Sustainability Assessment (CSA) for the second year in a row. The company has also earned an 'A' grade from Morgan Stanley Capital International (MSCI) for five consecutive years and has been included in the Dow Jones 'Best-in-Class World Index' for 13 straight years.
TECHx
16-07-2025
- Business
- TECHx
Sustainability Report: LG Cuts Emissions, Expands Recycling
Home » Green Tech » Sustainability Report: LG Cuts Emissions, Expands Recycling LG Electronics (LG) has released its 2024–2025 Sustainability Report, providing an update on its progress toward environmental goals. The company revealed advancements in reducing greenhouse gas emissions and increasing resource circularity, aligned with its vision for a Better Life for All. According to the report, LG's Scope 1 (direct) and Scope 2 (indirect) emissions in 2024 totaled 910,000 tons of CO₂ equivalent. This brings the company close to its 2030 target of 878,000 tons. LG had previously announced a goal to cut greenhouse gas emissions by 54.6 percent from 2017 levels by 2030. It reported that early progress was enabled by adopting energy-efficient equipment and carbon-reduction technologies across its operations. LG is also working to reduce Scope 3 emissions from product use. It reported a 19.4 percent drop in product carbon emissions in 2024 compared to 2020. The reduction was achieved through expanded use of AI and energy-saving technologies. The company noted that it was the first South Korean home appliance brand to have its emissions targets validated by the Science Based Targets initiative (SBTi). These targets include a 20 percent reduction in Scope 3 emissions across seven key product categories by 2030, based on a 2020 baseline. The Sustainability Report also outlined LG's efforts in waste reduction and recycling. In 2024, the company reached a 97.4 percent waste recycling rate at global production sites. This surpasses its 2030 goal of 95 percent. Additionally, LG collected 532,630 tons of used electronics from 91 locations across 56 countries last year. Since 2006, the company has collected over 5 million tons of used electronics. Other highlights from the report include:• A 36 percent year-over-year increase in the use of recycled plastic in LG products • Continued product design improvements to enhance accessibility for users of all ages and abilities LG also detailed initiatives to improve inclusivity. The LG Comfort Kit now includes four products aimed at simplifying appliance use. Accessibility features in LG OLED TVs include screen reading and simultaneous audio output for both hearing aids and speakers. The company also offers height-adjustable kiosks and tactile keypads, as well as services like sign language consultations and senior support programs. In the area of responsible management, LG reported that its governance structure is rooted in compliance and ethics. The board of directors follows principles of independence, expertise, and transparency. The ESG Committee continues to expand its oversight of sustainability programs. LG also conducts third-party ESG audits across its supply chain, based on Responsible Business Alliance (RBA) standards. As a result of these efforts, LG announced its inclusion in the top 1 percent of S&P Global's Corporate Sustainability Assessment for the second year. The company also received an 'A' rating from MSCI for the fifth year and has been listed in the Dow Jones Sustainability Index for 13 consecutive years. The 2024–2025 LG Sustainability Report reaffirms the company's long-term goals and documents its progress across environmental, social, and governance areas.
