Sustainability Matters: What Consumer Brands are Doing to Become Eco-Friendly | TiiCKER

Sustainability Matters: What Consumer Brands are Doing to Become Eco-Friendly

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Devon Bradley December 22, 2021
Eco friendly

The environment is one of those top-of-mind issues for consumers and investors alike. With public and governmental pressure mounting for corporations to become more eco-friendly, corporate leaders are developing new procedures and mandates to reduce carbon footprints, waste and energy consumption. Here is a look at ten companies and their sustainability efforts.

Nike Inc. (Tii:NKE): The sports apparel provider is decreasing its impact on the environment by designating 2025 eco targets. These targets include reducing greenhouse gas emissions in its facilities by 70%, a 25% reduction in freshwater usage, and a half a million-ton reduction in greenhouse gas (GHG) by using environmentally preferred materials.

Whirlpool Corporation (Tii:WHR): The leading appliance manufacturer made a global commitment to reach net-zero emissions in its plants and operations by 2030. As of 2021, eight of its plants achieved zero waste to landfill (3.5% of waste from its other plants goes to landfill), 96% of the company’s water waste is recycled, and 0.5% of its waste goes to incineration.

Microsoft Corp. (Tii:MSFT): This tech giant has been carbon-neutral since 2012 and looks to be carbon-negative by 2030. Many of its devices are designed with eco-friendly materials, and its AI and cloud services help other businesses reduce energy consumption and carbon impact. The company is investing $50 million in Energy Impact Partners’ (EIP) global platform to innovate new technologies to transform the world’s energy and transportation systems.

The Sherwin-Williams Company (Tii:SHW): The paint and coating manufacturer has reduced its carbon emissions by 17% since 2017, recycled 2.5 million gallons of paint since 2018, and now offers several sustainably advantaged products. By 2030, the company plans to reduce waste disposal intensity by 25% and increase operational energy efficiency by 20%.

NVIDIA Corporation (Tii:NVDA): In addition to improving energy efficiency in its technology, the semiconductor maker sources low-carbon and renewable forms of energy to avoid growth in its greenhouse gas (GHG) emissions footprint. After meeting its goal of a 15% reduction in scope 1 and 2 GHG emissions, normalized per employee, from fiscal 2014 to fiscal 2020, NVIDIA developed a new goal to source 65% of global electricity use from renewable energy by the end of fiscal 2025.

Costco Wholesale Corporation (Tii:COST): The big-box retailer has invested millions to replenish depleted natural forestry and fund research designed to restore the endangered honeybee population. Its Stewardship Goals also include contributing to restoring natural ecosystems, protecting high carbon stock forests, and avoiding contributing to deforestation.

Verizon Communications Inc. (Tii:VZ): The telecommunications powerhouse is set to use 50% of its electricity from renewable energy by 2025 and announced a commitment to planting 20 million trees by 2030. The company also set a goal of net-zero emissions in its operations by 2035.

Yum! Brands Inc. (Tii:YUM): This fast-food giant converted 1,000 of its restaurants to renewable energy this year and announced plans to decrease GHG emissions by 46% by 2030. The parent company of KFC, Pizza Hut, Taco Bell, The Habit Burger Grill, and WingStreet also pledged to achieve net-zero emissions by 2050.

Walt Disney Co. (Tii:DIS): The multinational entertainment and media conglomerate has a zero-waste policy where no refuse ends up in landfills. The House of Mouse is also reducing its indirect greenhouse gas emissions by cutting its electrical consumption and will only serve responsibly-sourced seafood in its parks and resorts starting in 2022. The company also announced a commitment to use 100% recycled material in brand packaging and wood from sustainable or recycled sources by 2030.

Alphabet Inc. (Tii:GOOG): Last year, Google’s parent company issued $5.75 billion in sustainability bonds, the largest sustainability or green bond offering by any company in history. Proceeds from the sale of these bonds are earmarked to support investment in both environmental and social initiatives. Alphabet also became the first major corporation to go carbon neutral for its entire operating history.

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