Latest news with #corporateresponsibility
Malay Mail
3 days ago
- Business
- Malay Mail
ABB among TIME's World's Most Sustainable Companies
ZURICH, SWITZERLAND - EQS Newswire - 25 June 2025 - ABB ranked 14th in the "World's Most Sustainable Companies 2025" list by TIME Magazine and Statista ABB named third most sustainable company across all industries in Switzerland Companies assessed on sustainable business practice, commitments & ratings, reporting standards & transparency, environmental & social stewardship ABB has been ranked 14th in TIME's "World's Most Sustainable Companies 2025" and third in Switzerland across all industries. TIME and Statista assessed over 5,000 of the world's largest and most influential companies, considering factors such as revenue, market capitalization, and public prominence. The top 500 companies from 35 countries and 21 industries were identified using a transparent methodology involving a rigorous 4-step process and the evaluation of more than 20 key performance indicators. Companies were assessed on sustainable business practices, commitments & ratings, reporting standards & transparency, environmental & social stewardship. An overall sustainability score was calculated, with a maximum achievable score of 100. ABB achieved a score of 81.92."Being among the top 15 in the World's Most Sustainable Companies 2025 is testament to ABB's strategic approach of embedding sustainability into the business with a focus on transparency and accountability," said Anke Hampel, ABB's Group Head of Sustainability. "Our Sustainability Agenda aims to enable a low-carbon society, preserve resources and promote social progress for a net-zero future. As a global technology leader in electrification and automation, we help our customers optimize energy use, reduce emissions, and accelerate the transition to more resilient, resource-efficient operations."ABB has set ambitious net zero targets validated by the Science Based Targets initiative (SBTi). The company aims to reduce Scope 1 and 2 emissions by 80% by 2030 and 100% by 2050, compared to a 2019 baseline. In 2024, ABB achieved a 78% reduction of Scope 1 and 2 GHG emissions since 2019 and decreased Scope 3 emissions by 8% compared to has also been recognized for leadership in corporate transparency and performance on climate change by the global environmental non-profit organization Carbon Disclosure Project (CDP) securing a place on its annual 'A List' in April 2025. In May 2025, ABB received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings more about ABB's sustainability approach and progress: is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they out-perform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).
Associated Press
18-06-2025
- Business
- Associated Press
Growing With Purpose, Inspired by Possibility: A Message From Covia's CEO
Originally published in Covia's 2024 Corporate Responsibility Report At Covia, we believe that corporate responsibility is an opportunity to create lasting value for our customers, communities, and the environment. This belief has guided us through a transformative year, one that has strengthened our foundation and positioned us to lead with purpose and innovation. The past year marked a significant milestone for Covia, as 2024 saw the completion of the separation of our Energy and Industrial businesses. This strategic decision has allowed Covia to sharpen our focus on delivering innovative, high-performance mineral solutions to our industrial markets. While this transition represents a new chapter, it also reinforces our dedication to sustainable growth and operational excellence. With renewed purpose, we are well positioned to pursue tailored strategies that align with our customers' needs and the evolving demands of our industry. Our people play an active and passionate role in Covia's work as a corporate citizen. We recently refreshed our Covia Values, as you'll see on the next page, and these values reflect both our aspirations and our priorities. Safety continues to be our North Star, and our team members are committed to our journey to zero injuries. In that section of this report, you can read about some of the projects we've undertaken, which are a mix of innovations and precautions, all designed to make our work safer. We are proud of the significant decrease in our injury rate since our baseline year, which has put us on track to achieve world-class safety performance, but we have more to do. You'll also see how our values are demonstrated in our support for our communities. Covia volunteers help hundreds of organizations make the world a better place, and The Covia Foundation ensures support for the causes that are important to our employees and our communities. Ultimately, everything we do is about the people whose lives we touch, from our neighbors to our team members, and our customers to their end-users. Our products are part of everyday life in thousands of ways, and our people are dedicated to our mission of responsibly providing minerals solutions for a better tomorrow. The achievements outlined in this report are examples of these values in action and underscore our unwavering commitment to environmental stewardship, positive social impact, and responsible governance and ethics. Aligned with our values, we are pleased to reaffirm our commitment to the UNGC and its 10 principles covering human rights, labor, environment, and anti-corruption. In addition to our constant work to reinforce the safety culture that has always been integral to Covia, we also delivered on environmental initiatives and made substantial investments in energy efficiency. In addition, we strengthened our support networks for both team members and our communities through The Covia Foundation and revitalized our governance structures and sustainability responsibilities to ensure accountability and transparency in alignment with our long-term goals. As we look ahead, innovation and collaboration will remain central to our strategy. From advancing our cybersecurity measures to leveraging cutting-edge technologies, we are committed to staying ahead of industry trends and challenges, ensuring that we deliver solutions that not only meet but exceed expectations. Along with the progress described in this report, you'll find stories about members of the Covia team who work every day to build our enduring company. Our team members took all the photos you'll see in this document, which help bring those stories to life. I am incredibly proud of what we have accomplished and excited about the opportunities that lie ahead. We are growing with purpose, inspired by possibility. Thank you to our team members, partners, and stakeholders for your continued support and trust. Together, we are building an enduring company with a resilient, sustainable future—one that reflects the values and aspirations of Covia. Thank you for being part of this journey. We look forward to continuing to share our progress and achievements. Sincerely, Bruno Biasiotta President and Chief Executive Officer Visit 3BL Media to see more multimedia and stories from Covia
Bloomberg
16-06-2025
- Business
- Bloomberg
Companies Are Ditching Pride Based on Vibes, Not Facts
Save In business as in politics, one of the worst things you can do is expose yourself as a flip-flopper. And this Pride Month is shaping up to reveal a record number of corporate wafflers. A long list of companies, including Mastercard Inc., Citigroup Inc., PepsiCo Inc., Nissan Motor Co Ltd., Deloitte, Comcast Corp., Diageo Plc., Anheuser-Busch and Booz Allen Hamilton have all declined to renew or scaled back their corporate sponsorships of Pride events and marches this year. Some companies have even opted out of the relatively benign and inexpensive move of rainbow-ifying their corporate logos.
Reuters
12-06-2025
- Business
- Reuters
Lead EU lawmaker on sustainability laws proposes more cuts
BRUSSELS, June 12 (Reuters) - The European Union should further slash the number of companies subject to its environmental and corporate sustainability rules, the European Parliament member leading negotiations on the policies said on Thursday. The European Commission proposed a "simplification omnibus" in February that it said would help European firms compete with foreign rivals by cutting back on sustainability reporting rules and obligations intended to root out abuses in their supply chains. Those proposals did not go far enough, according to Swedish centre-right lawmaker Jörgen Warborn, who has drafted amendments to scale back the laws further to only cover companies with 3,000 employees or more and over 450 million euros ($521 million) in turnover. The Commission proposal would exempt companies with fewer than 1,000 employees - already, cutting out more than 80% of the roughly 50,000 companies currently covered by the green reporting rules. The EU counts around 6,000 companies with more than 1,000 employees. "Europe is falling behind the U.S. and China in the global race for competitiveness. I'm entering this process with a clear ambition: to cut costs for businesses and go further than the Commission on simplification," Warborn said in a statement on Thursday. His draft proposal must be negotiated in the European Parliament where other lawmakers can propose their own amendments. The Parliament will agree the final changes with EU member countries in the coming months. Warborn, a member of the centre-right European People's Party lawmaker group, is facing competing calls from some right-wing lawmakers to scrap the policies entirely, and Socialist and Green lawmakers vowing to preserve them. French President Emmanuel Macron and German Chancellor Friedrich Merz have both demanded the EU scrap the supply chain law. But the walk-back on ESG rules has met resistance from some investors and campaigners, who have warned it weakens corporate accountability and hurts the bloc's ability to attract more investments towards meeting climate goals. Warborn said his proposed changes will not weaken Europe's sustainability standards, but rather free up resources that companies can instead invest in innovation. ($1 = 0.8633 euros)
Associated Press
11-06-2025
- Business
- Associated Press
Carter's, Inc. Releases 2024 Raise the Future Impact Report
ATLANTA--(BUSINESS WIRE)--Jun 11, 2025-- Carter's, Inc. (NYSE: CRI), the leading company in North America focused exclusively on apparel for babies and young children, today announced the release of its fifth annual Raise the Future Impact Report, showcasing the Company's progress in 2024 against its corporate responsibility commitments. Guided by its Raise the Future™ platform, Carter's is focused on helping all families with young children grow and thrive—while minimizing its environmental footprint and making meaningful investments in people and communities. 'In 2024, we continued to take meaningful steps to build more resilience in our business,' said Antonio Robinson, Senior Vice President, General Counsel, Corporate Secretary, CSR, and Chief Compliance Officer. 'From our product standards to our climate goals and community partnerships, our actions are anchored in transparency and impact. This report reflects our unwavering commitment to doing what's right for our business, its current stakeholders, and future generations.' 2024 Raise the Future Impact Report Highlights Global Recognition for Sustainability Excellence In 2024, Carter's earned several sustainability awards, underscoring Carter's growing leadership in corporate responsibility and environmental stewardship, including: 'We are proud to be recognized by these and other respected organizations for our work,' said Anu Piduru, Senior Director of Sustainability. 'Our 2024 Impact Report is not only a reflection of our achievements along our sustainability journey—it's a call to action for the future we want to help build for all families.' Prepared in accordance with the SASB, TCFD, and GRI frameworks, the Raise the Future Impact Report details Carter's strategy, data, and progress across the Company's corporate responsibily priorities. To view the full report, please visit: About Carter's, Inc. Carter's, Inc. is the largest branded marketer in North America of apparel exclusively for babies and young children. The Company owns the Carter's and OshKosh B'gosh brands, among the more recognized and trusted brands in the marketplace. These brands are sold through over 1,000 Company-operated stores in the United States, Canada, and Mexico and online at and Carter's also is the largest supplier of young children's apparel to the largest retailers in North America. Its brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. The Company's Child of Mine brand is available at Walmart, its Just One You brand is available at Target, and its Simple Joys brand is available on Amazon. The Company also owns Little Planet, a brand focused on organic fabrics and sustainable materials, and Skip Hop, a global lifestyle brand for families with young children. Carter's is headquartered in Atlanta. Additional information may be found at View source version on CONTACT: Lindsay Rider Senior Director, Public Affairs [email protected] KEYWORD: UNITED STATES NORTH AMERICA GEORGIA INDUSTRY KEYWORD: ENVIRONMENT CHILDREN BABY/MATERNITY SUSTAINABILITY CATALOG FAMILY FASHION CONSUMER RETAIL ONLINE RETAIL SOURCE: Carter's, Inc. Copyright Business Wire 2025. PUB: 06/11/2025 06:45 AM/DISC: 06/11/2025 06:43 AM
