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News & Updates

June 17, 2022 ExxonMobil hits back after Biden threatens energy producers

Source: YouTube/Fox

ExxonMobil said had invested $118 billion on new oil and gas supplies over the past five years, compared to a net income of $55 billion – resulting in an almost 50% increase in its U.S. production of oil during that period.

June 16, 2022 Why the structure of the world’s supply chains is changing

Source: The Economist

More than two years after the pandemic, supply chains are still snarled. Shipping times remain at record highs. Baby food, tampons, and semiconductors are all scarce. Companies are still struggling to answer a basic question:...

June 16, 2022 UK Steel Council meet to discuss sustainability

Source: Steel Times International

According to a report in Welsh newspaper the South Wales Argus, the meeting covered the challenges facing the steel industry, with a particular focus on decarbonization, and on the sector’s transition to being competitive and...

June 16, 2022 Anglo American agrees sustainability-linked loan with the IFC

Source: Global Mining Review

Anglo American has signed a US$100 million 10-year loan agreement with the International Finance Corporation (IFC) linked to the delivery of sustainability goals that are integral to Anglo American’s Sustainable Mining Plan.

June 16, 2022 Kroger Is Facing Backlash for Having This in Stores

Source: Best Life

The suit claims that a number of the grocery chain's private-label products contain high levels of lead, and that Kroger has failed to warn shoppers of "the presence of chemicals, including lead" in several of its store brand...

June 16, 2022 Sustainability is getting better and better for business

Source: National Retail Federation

Every business decision has hidden human health, environmental and social impacts. More retailers are contributing less waste and toxicity, using better materials and sourcing from sustainable suppliers. These actions contribute...

June 16, 2022 Is the US economy on a tailspin into recession?

Source: Great and HRA

Is the US economy slipping into a recessionary period and have the sanctions on Russia over the Ukraine war in the eastern Donbas region set to boomerang, bringing stocks down and the entire money market into a tailspin reversing...

June 16, 2022 U.S. retail sales stumble as inflation bites

Source: Reuters

U.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid rampant shortages, and record high gasoline prices pulled spending away from other goods.

June 15, 2022 Measuring What Matters: PMI’s New Sustainability Index

Source: Sustainable Brands

Progress of any kind requires clearly articulated priorities and targets, as well as transparency and accountability for meeting them. I am proud to say that Philip Morris International (PMI) is committed to all of the above.

June 15, 2022 Sustainability data firm EcoVadis joins $1 billion club after fundraising

Source: Reuters

Sustainability data firm EcoVadis has raised $500 million to become one of the sector's first "unicorns", its co-chief executive told Reuters, as demand from companies to track their performance on environmental and social issues...

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