Companies in Action
Starbucks sets ambitious 2030 targets setting the company on a path to become resource positive. Companies are rethinking the way they are setting sustainability strategies and goals to reflect the magnitude and urgency of the climate crisis. As the Seattle-based coffee house approaches its 50th anniversary in 2021, the company is launching a bold new vision to become resource positive —storing more carbon than it emits, eliminating waste and providing more clean, freshwater than it uses. In a quest to generate transformational change and give more back to the planet than it takes, the company is releasing three preliminary 2030 targets; reduce carbon emissions in its operations and supply chain by 50%, conserve or replenish 50% of water withdrawn for direct operations and coffee production and achieve a 50% reduction in waste sent to landfill from stores and manufacturing. To help develop specific strategies, the company partnered with the World Wildlife Fund and Quantis to quantify—for the first time—the carbon, waste and water footprint of its operations and supply chain. Starbucks will continue to work with the Science Based Target Initiative to help track progress.
Danone aims to accelerate the transition towards a circular economy with its 2025 goals. A circular economy is restorative and regenerative by design and aims to keep products and materials at their highest value at all times. Looking to accelerate the transition towards a circular economy, Danone has committed to 100% reusable, recyclable or compostable packaging by 2025. In 2019, the company reported that it had already transitioned 87% of its packaging to this standard. To achieve its overall goal, the company is shifting to materials with higher recycling rates, phasing out certain materials, such as PVC packaging, by 2021 and designing products to optimize material use and reduce waste. A signatory to the New Plastics Economy Global Commitment, Danone is actively collaborating with peer companies, NGOs and public authorities to address this broader challenge. The company is focused on working with key stakeholders in its top markets to strengthen collection and recycling systems that complement the company's efforts. As part of this work, Danone has invested over $5 million in the Closed Loop Fund to develop large scale recycling infrastructure in the United States and is eager to invest in similar projects in other markets.
Amazon commits to spending $100m on nature-based solutions through the Right Now Climate Fund. Leading companies are tapping into the environmental and economic opportunities of nature-based solutions to meet their climate goals and accelerate the transition to a low-carbon economy. Amazon has committed to invest $100 million in nature-based solutions as part of its strategy for achieving net-zero carbon emissions by 2040. Amazon announced the Right Now Climate Fund’s first investment would include $10 million to restore and conserve 4 million acres of forest land across the Appalachian Mountains. Working with The Nature Conservancy, the fund will be used to help family farmers invest in reforestation and carbon sequestration projects, with the expectation of achieving a net reduction of up to 18.5 million metric tons of CO2 by 2031. With the company’s recent commitment of $4m to the Nature Conservancy’s Urban Greening program in Germany, Amazon is investing in nature-based solutions outside of the U.S. as well. The program's aims include the reduction of flood and extreme heat risk through tree planting, the revitalization of urban wetlands and water bodies and an increase in urban biodiversity. Lessons from the program are intended to be used to help The Nature Conservancy create and share a guide for urban greening that can be used across Europe.