Good morning. Here is the latest news, research and market analysis that sustainable technology partners need to know for Wednesday, February 8, 2023.
1. Cisco and Score 2 Emissions: Cisco Systems has announced Carbon Emissions Insights in Webex Control Hub. The tool, according to Cisco, allows partners and customers to:
- Estimate energy usage and related carbon dioxide equivalent (CO2e) emissions from Cisco collaboration devices. The calculations are based on formulas from recognized governmental authorities such as the US Environmental Protection Agency
- See emissions trends over time to track progress towards sustainability goals.
- Guide IT administrators to enable features like Webex's Office Hours to reduce their energy usage.
2. Comcast Sustainability: Comcast, the cable TV and broadband giant, inked an agreement with Constellation to purchase 70 megawatts (MW) of renewable solar electricity from the Gravel Pit Solar project in East Windsor, Connecticut. The deal will power nearly half the Comcast Cable and NBCUniversal operations across New England, Comcast said.
3. Data Gap: About 90% of companies in the S&P 500 publish sustainability reports, but only 16% have any reference to ESG factors in their filings, creating a mismatch between what is disclosed in regulatory filings and what companies voluntarily publish, according to S&P Global.
4. Aligning Business Growth and Sustainability: Multiple EY consultants offered this guidance to help businesses align growth goals with sustainability goals, according to this editorial from Harvard Business Review.
5. Green Energy Investments: Global investment in the low-carbon energy transition totaled $1.1 trillion in 2022 – a new record and a huge acceleration from the year before – as the energy crisis and policy action drove faster deployment of clean energy technologies, according to a report from research firm BloombergNEF.
6. Research - Corporate Climate Plans: Fewer than one in 200 companies who submit climate change-related data to a leading environmental disclosure platform have credible climate transition plans, the nonprofit platform CDP said in its latest review of corporate submissions, Reuters reported.
7. Funding - Carbon Credit Platform: Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier for their customers to participate in the market, Reuters reported. Each of the nine banks -- including BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC and UBS -- have invested $5 million in Carbonplace, which will connect buyers and sellers of credits through the banks, Reuters said.
8. California - Pending Legislation: Multiple California senators announced a climate accountability package to "raise the bar for corporate climate action," according to a news release from Scott Wiener (D-San Francisco).
9. Car Manufacturers: The automotive industry is likely to miss climate goals by 75%, according to a study backed by electric vehicle makers Polestar and Rivian, as reported by Reuters.
Got news to share? Email the details to Sustainable Technology Partner Editorial Director Joe Panettieri.