‘Scope 3’ push and ESG backlash: Lessons from Fortune’s First Impact Initiative [Fortune]
Tyson Foods, Inc. (TSN)
Last tyson foods, inc. earnings: 2/6 07:30 am
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Source: Fortune
Good morning, Peter Vanham here, mid-air between Washington and Geneva, filling in for Alan, who got rerouted on his way home. We had almost forgotten about the joys of business travel! With Fortune’s Impact Initiative now in the rearview mirror, here are some of the take-aways from our first-ever gathering of ESG practitioners. “Scope 3” is the new “Net Zero” among chief sustainability officers. In the past 18-36 months, many Fortune 500 companies have made “net zero” commitments. But as the list of “net zero” pledges grows, so does the scrutiny of their scope. With the U.S. and Europe both closing in on mandatory climate disclosures, the most followed matter is so-called “Scope 3” emissions—emissions from suppliers and customers. The external backlash against the terms ESG and DEI is real and palpable… We met one company, Deloitte, that formally dissolved its ESG practice. In the U.S., it is now called “SCE”, for Sustainability, Climate and Equity. (Elsewhere in the world, it i
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