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The race to meet global clean energy targets is on, and the supplychains supporting this shift are feeling the pressure. As new clean energy projects take off, manufacturers must secure vital materials while navigating an increasingly complex web of sustainability expectations from regulators and consumers alike. In the U.S.,
EV sales surpassed 1 million for the first time in 2023, the International Energy Agency (IEA) projects U.S. EV sales to exceed 17 million by the end of 2024, marking a 20% increase from 2023. This transition is reshaping global supplychains in ways manufacturers are still scrambling to adapt to.
Originally published in Lenovo's 2023/24 ESG Report Supplychain ESG practices As a global business offering a variety of products and services in 180 markets around the world, Lenovo manages a diverse and dynamic supplychain. ODMs include manufacturing partners who manufacture products on behalf of Lenovo.
Similar in scope, Cascale’s new report emphasizes Bangladesh’s impressive strides toward sustainability, including ambitious environmental targets, the rise of green manufacturing, and a growing culture of industry collaboration. The initiative is an innovative manufacturer-led, nationally oriented, globally coordinated program.
Global management consulting firm Bain & Company and supplychain decarbonization intelligence solutions startup Terralytiq announced the launch of a new strategic partnership, aimed at enabling companies to optimize supplychains for carbon and costs, and to help deliver lower carbon products.
Despite the company’s success in addressing its data center emissions, however, the report also indicated that Google’s overall carbon footprint continued to grow in 2024, driven by a sharp increase in emissions from its supplychain, with Scope 3 emissions rising by more than 20% in the year.
Worldwide, there are more than 95,000 private companies with annual revenues over US$100 million, compared to only 10,000 public companies over that threshold, according to a 2023 report from investment management firm Hamilton Lane. By 2023, Bosch reported that 99% of its electricity requirements were met by green energy. in 2024.
21 A core component of any circularity strategy are products that enjoy multiple lives through repeated cycles of reuse, recovery and recycling, and the assurance that any byproducts of the manufacturing process are put to good use. Dry ash can be used in road construction and in the manufacturing of concrete.
This concept is often known as product takeback when products are returned to the manufacturer for responsible reuse or recycling. Since Cisco started holding these events in 1995 through our fiscal year 2023, our employees and contractors have helped recycle 3283 metric tonnes of used electronics.
Established in 1951 and 1959 respectively, the manufacturing facilities in Kansas City and L’Anse are two of Saint-Gobain’s longest operating plants in the United States. In its first full year, the project has saved over one and a half million pounds of insulation from landfills.
At Henkel Adhesive Technologies, water is not just an essential resourceit is a key part of our value chain, from raw material sourcing to manufacturing and product application. Since the site does not use water in manufacturing, all reductions stem from domestic water use.
Rogers (R3) global R&D and Manufacturing facility in Texas is treated and recycled back into the local watershed. Advocacy: Engaged in 100+ trade associations globally on a range of policy issues from direct selling and entrepreneurship to personal care and supplychain and logistics.
Colin Browne, chief executive officer at Cascale, commented, The climate crisis is here, and fashions supplychain feels it every day. Since integrating SBTs into Cascale membership requirements in 2023, over 60 percent of Cascale corporate members have set or are actively working towards setting SBTs or science-aligned targets (SATs).
This is largely driven by electrification, data center load growth , and increased demand from the manufacturing sector. Our analysis suggests next-generation geothermal energy could supply up to 100 gigawatts of power in the United States by 2050, with approximately 40 gigawatts by 2035. â McKinsey, March 21, 2023.
Our Litter manufacturing facility in Martinsburg, West Virginia, recently achieved zero-waste-to-landfill, or ZWtL, status. In late 2023, the Martinsburg Eco Team was established to drive engagement throughout the site. What advice would you give to other manufacturing plants aiming to achieve zero waste to landfill?
The European Investment Bank (EIB) and Paris-based financial services group Societe Generale announced the launch of a new clean energy financing initiative, aimed at unlocking as 8 billion in investments to support manufacturers across the wind energy supplychain in Europe.
billion for net zero technologies, including €1 billion targeted specifically to electric vehicle battery cell manufacturing, and a further allocation of €1.2 In 2023, EU lawmakers agreed to increase the EU ETS’ scope , raising the direct emissions reductions required by covered sectors, and expanding the system to new sectors.
The FY 2023/24 Verification Statements for GHG, Energy, Waste and Water can be viewed here. In addition, Lenovo ESG Navigator is in use at Lenovos Beijing Headquarters where it is deployed as a smart building solution and within Lenovos Global SupplyChain where it collects and monitors select ESG data related to suppliers and products.
DP World launched its pilot project in October 2023. DP World partnered with TYCROP Manufacturing Ltd., H2 Portable, together with TYCROP, designed a Hydrogen-Electric Generator (HEG) utilizing a dual fuel cell and battery energy storage system, while HTEC provided the hydrogen storage system and hydrogen supply.
During FY 2023/24, there were no reported incidents of refrigerant releases. Lenovos climate risk assessment in FY 2023/24 also included climate scenario analysis to explore how physical and transition risks and opportunities of climate change can impact its business. This process is managed by Lenovos Global ESG team. Read more
in 2023 to 12% by 2028, creating a need for energy storage systems that can act to offset power outages and reinforce the grid when demand is high or supply is limited. According to the companies, the new agreement comes as U.S. The company has two battery materials campuses in the U.S.,
In fact, Emilio shared, roughly 75% of the energy that flows through manufacturing processes is linked to water systems. Many of our companys sustainable solutions use water, such as water-sourced cooling systems, and we use water to manufacture these systems.
Originally published in Lenovo's 2023/24 ESG Report Under the EMS, energy-related targets are set annually. 2 Energy consumption also occurs throughout Lenovos value chain. Energy is used by Lenovos suppliers and its supplychain is encouraged to develop energy targets, use renewable energy, and report energy usage.
Royal Canadian Mint In 2023, Canadas coin producer released its inaugural Impact Report and committed to making its manufacturing carbon-neutral by 2030. In 2023, the Mint offset 491 tonnes of emissions, and it is now pioneering more sustainable methods of gold refining and mineral sourcing. In 2023, EDC provided a record $12.2
Originally published in Lenovo's 2023/24 ESG Report Lenovo is working both internally and externally to minimize and mitigate water risks. During the FY 2023/24 reporting year, Lenovo continued to measure and monitor water use and risk. During the FY 2023/24, there were no water-related incidents.
Apple announced a series of sustainable materials goals for its products in 2023, including a target for magnets in Apple devices to use entirely recycled rare earth elements by 2025. Meanwhile, the new equipment and technical capacity will allow MP Materials to boost its overall production.
To date, Hochul has focused primarily on renewables, including announcing in 2023 awards for 6.4 In the new statement, the Governor reiterated the need for “new, clean electricity resources to meet growing power demand from new industrial development, building electrification and electric vehicles.”
This partnership will provide partners like Mark II with technology to produce high-value products, and also aligns with the Asphalt Roofing Manufacturer Associations 2035 goal of 50% waste reduction. billion in sales in 2023 160,000 employees, locations in 76 countries Committed to achieving net zero carbon emissions by 2050
By replacing traditional sorting technologies, Polysorter ensures higher sorting accuracy, reduced contamination, and an increase in the volume of high-quality Post-Consumer Resin (PCR) available for use in manufacturing.
Originally published in Lenovo's 2023/24 ESG Report Environmentally conscious products Product materials Lenovos corporate-wide environmental standards and specifications require its product designers to consider environmentally conscious design practices to facilitate and encourage recycling and minimization of resource consumption.
As of 2023, 12 percent of travel volume worldwide was for business, but the level is falling thanks to videoconferencing. Less weight means less energy is required to ship the phones in bulk, reducing supplychain costs and emissions. And cutting these emissions can have a multiplier effect, says Kjesbu.
2 â Cloud-powered technologies for sustainability ,â McKinsey, November 9, 2023. 3 â Accelerating decarbonization across the farming supplychain ,â McKinsey, February 4, 2025. 4 â Global Energy Perspective 2023: Transition bottlenecks and unlocks ,â McKinsey, January 10, 2024.
They are therefore taking things into their own hands, actively engaging with companies to eliminate modern slavery from supplychains. In the UK, the Global Slavery Index estimates that 122,000 people were living in modern slavery in 2023.
The President also said that the Commission will explore direct support for EU battery producers, and will to introduce EU content requirements for battery cells and components to help protect the EU automotive supplychain while ensuring that EVs dont become more expensive.
Our new report calls for policymakers and businesses to work together to deliver an NDC that puts the EU on track to become a clean technology and manufacturing powerhouse. million tonnes of CO2 equivalent in 2023, a reduction of 22% compared to its 2016 baseline, while enjoying a fivefold increase in profits from 2022 to 2023.
Renewable energy technology startup Exowatt announced that it has raised $70 million in a Series A funding round, with proceeds aimed at supporting the development and production of its modular solar energy system, which can supply power 24 hours a day. The funding round was led by Felicis, a venture capital firm in Silicon Valley.
Manon Beauchamp-Tardieu participated in the 2023 Innovate to Grow: Recycling program as a founder of Little Green Panda , a company turning agricultural waste into biodegradable alternatives to single-use plastics.
Energy systems are increasingly dependent on IT at every stage of the supplychain-generation, transmission, and distribution- all of which must be protected. In 2023 the China-linked group, RedEcho, attacked Indias power sector during border tension.
million metric tonnes in 2023, almost double the amount produced in 2000, and is expected to double again by 2040. Another issue that created divisions in Busan is the use of chemicals of concern, or ones that have the potential to damage human health, in the manufacture of plastic polymers and applications in different products.
Siccardo is joining Quinbrook after serving as the first ever Director of Manufacturing & Energy SupplyChains at the U.S. Lin joined Quinbrook in 2023, and has been serving as a Director in the firm’s North American investment team. Department of Energy in Washington, D.C.
For instance: Renewable resource : Trees used to manufacture mass timber products are grown in sustainably managed forests and replanted after harvest, making mass timber an entirely renewable resource. Minimized waste: Sawmill residues are typically used in mass timber manufacturing, helping reduce waste associated with production.
In the summer of 2023, Vasileios Tsianos, the vice president of corporate development at Neo Performance Materials, started getting calls from government officials on both sides of the Atlantic. Neo recycles a few dozen tons of high-purity gallium a year, mostly from semiconductor chip manufacturing scrap, at a factory in Ontario, Canada.
In addition, an International Chamber of Commerce recently released report estimated that between 2014 and 2023, climate-related extreme weather events caused approximately $2 trillion in damage worldwide. Especially related to goods which are not time sensitive, said Jensen, from CNBC article on the impact in the supplychain.
There was also a boost for the automotive sector with “over £2 billion over 5 years” to support developments including “the zero-emissions vehicle manufacturing sector and supplychain”. Housing-and-carbon discord Housing was one of the headline-grabbing topics, with £5bn of funding earmarked to build 1.5
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