At-a-Glance:
From sustainably manufactured shoes to offsetting 75 years of carbon waste, these ten initiatives set the bar for this year’s most innovative companies in the category of corporate social responsibility. To learn more and view the full list read “The 10 most innovative corporate social responsibility companies of 2021.”
Key Takeaways:
- Microsoft promised to become carbon neutral by 2030 and, by 2050, to remove all the carbon the company has ever emitted since its founding in 1975.
- Natural products retailer Grove Collaborative has committed to removing all plastics from its product lines by 2025.
- Consumer electronics design company Logitech has committed to label its products with a carbon footprint number by 2025 to help consumers make more informed decisions and hold itself accountable for “total carbon transparency”.
- Twisted X is driving down waste in the fashion industry by using sustainable raw materials in its production and is aiming for its shoes to contain 80% “eco elements”, such as rice husks and algae, by the end of 2021.
Path to 100% Perspective:
Lower costs and increasing spending on renewables are driving deeper penetration of renewable energy around the globe. While solar energy generates only about 2% of Earth’s electricity today, it is projected to generate 22% by 2050, according to Bloomberg New Energy Finance. And while wind generates 5% of today’s electricity, it is projected to generate 26% by 2050. While two thirds of the world’s electricity is generated from fossil fuels today, by 2050 two-thirds of electricity will be generated from zero-carbon sources, with almost half coming from renewables and the rest from hydroelectric and nuclear power. The writing is on the wall: the global shift to renewable power generation has begun, and there is no going back.
Photo by Josh Power on Unsplash