Supply chain News and trends
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The Meat Industry Is Still Destroying the Amazon for Soy, Study Finds 

The Meat Industry Is Still Destroying the Amazon for Soy, Study Finds  | Supply chain News and trends | Scoop.it
In the last two decades, many companies have made pledges to eliminate deforestation from their supply chains. Have these pledges been effective? New research published in the scientific journal Environmental Research Letters shows that when it comes to sourcing soy from the Amazon region, zero-deforestation pledges (ZDP)—made in support of Brazil’s Soy Moratorium, which banned sourcing soybeans produced on deforested land after 2006—have been mostly ineffective. 

Conducted by researchers from the University of Cambridge, Boston University, ETH Zurich, and New York University, the research found that ZDP pledges were made by at least 94 companies through 2021, and the majority of these were not effectively implemented.

From 2006 to 2015, researchers found that these pledges reduced tree clearance in the Brazilian Amazon by only 1.6 percent—or approximately 2,300 km2, or an area that is smaller than Rhode Island, the smallest US state. After fossil fuels, deforestation is the second largest contributor of greenhouse gas emissions.

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Sustainable Business: HSBC sets bold climate change ambitions

Sustainable Business: HSBC sets bold climate change ambitions | Supply chain News and trends | Scoop.it
HSBC, one of the biggest banks in the world, has set bold climate change ambitions — and its sustainability aspirations are now being replicated in New Zealand.

The bank, based in London after being established in Hong Kong in 1865, believes there is a landmark opportunity to build a thriving, resilient future for society and businesses by prioritising financing and investment that supports the transition to a carbon zero global economy.

HSBC, with assets of nearly US$3 trillion (NZ$4.29t), operates in 64 countries and has 40 million personal banking customers and 1.4m business clients. The bank is prepared to work with all of them to develop tailored solutions to reduce greenhouse gas emission. It is also applying a climate lens to financing decisions.

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SpartanNash eliminating 10% of fleet mileage in 2022

SpartanNash eliminating 10% of fleet mileage in 2022 | Supply chain News and trends | Scoop.it

Food wholesaler and retailer SpartanNash announced Thursday it is reducing the company’s carbon footprint in 2022 through an annual fleet mileage decrease in excess of 7 million miles, representing 10% of total fleet mileage. According to the company, this network optimization eliminates nearly 10,000 metric tons of greenhouse gas emissions and provides faster, fresher and more cost-effective deliveries for SpartanNash’s food retailer customers.


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