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☆ Bernard Arnault, the world's richest person, appoints son to CEO role at LVMH amid leadership shake-up
▼ + stars: | 2024-11-14 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Bernard, CEO and chairman of LVMH, is the world's richest person with a $158.5 billion net worth. Related Video 5 ways Elon Musk shook up Twitter as CEOAlexandre Arnault and Bernard Arnault in 2016. Representatives for LVMH, Arnault, and Guiony did not respond to requests for comment from Business Insider. The new appointments also drum up speculation about who will succeed Bernard as LVMH's CEO. The Arnault family has been compared to the Roy family, the subjects of the HBO drama, "Succession."

Persons: Alexandre Arnault, Moët Hennessy, Bernard Arnault's, —, Bernard Arnault's multibillion, LVMH, Bernard, Christian Dior, Bernard's, Alexandre, Elon Musk, Bernard Arnault, Donato Sardella, Louis Vuitton, Jean, Jacques Guiony, Guiony, — Alexandre, Frédéric —, Delphine Arnault, Dior Couture, Antoine Arnault, Antoine, Jean Arnault, Roy, Roy family's Organizations: Service, company's Sustainability, LVMH's, Product, Communications, Tiffany, LVMH, Business, Reuters, Christian Dior, HBO, New York Times Locations: LVMH

☆ I went to 3 Gap stores in New York City and saw firsthand why the 'tired' company needs a revamp
▼ + stars: | 2024-01-21 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +8 min

Once known as a staple American mall brand, Gap lost its relevance among consumers who traded shopping centers for e-commerce. "Gap brand, as you know, has tremendous heritage as a pop culture brand," Dickson told investors. Jennifer Ortakales Dawkins/Business InsiderGap's design team is playing it too safe for today's competitive market. Jennifer Ortakales Dawkins/Business InsiderOn that note, Gap could be doing a lot more to market to younger generations. Jennifer Ortakales Dawkins/Business InsiderBriggs suggests brands like Gap go where their younger customers spend much of their time: TikTok, YouTube, and Instagram.

Persons: —, Richard Dickson, Dickson, Ellyn Briggs, Barbie, Neil Saunders, Jennifer Ortakales Dawkins, Briggs, Gen Zers, Gen, Gen Z, Piper Sandler's Organizations: Service, Mattel, Morning, New York City, Grand Central, Free, Nike, Alpha, Teens, Times, YouTube Locations: New York City, New York, Grand

☆ 53% of parents say climate change affects their decision to have more kids
▼ + stars: | 2023-06-20 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Climate change is affecting people's decisions about where to work, what companies they buy things from — and how many kids to have. More than half of parents, 53%, say that climate change affects their decision about having more children, according to a new survey. Parents say that concern about climate change is impacting their career decisions, too. It is largely the responsibility of corporations to make good climate decisions, parents say. Just more than half, 51%, of parents say companies have "a lot" of responsibility to hold themselves accountable to do the right thing for the climate, and only 36% of parents say the responsibility to push companies to act sustainably lies with the customer.

Organizations: HP, United Locations: Flushing Meadows Corona Park, Queens Borough of New York City . New York City, India, Mexico, Singapore, United States

☆ Chipotle wants you to think composting before burrito bowl becomes trash
▼ + stars: | 2023-06-18 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

Composting has been a key part of that for Chipotle, and the fast-casual restaurant chain is expanding that focus this year. In 2023, Chipotle has set a goal to institute composting programs in at least 23% more restaurants, or approximately 234 additional locations. In certain jurisdictions, compostable products have to be fiber-based, while in others plant-based compostable products are accepted. Infrastructure is key for Chipotle, Shibata said, as there are many Chipotle restaurants in areas where there is no facility that can compost certain items. She sees more jurisdictions pushing in the direction of more composting, and said that a focus from companies like Chipotle on composting will help generate momentum.

Persons: Brandon Bell, Chipotle, Brian Niccol, Laurie Schalow, Lisa Shibata, Shibata, We've, Frank Franciosi, Franciosi, Schalow Organizations: Mexican Grill, Getty, composted, Companies, New, New York City, Seattle Locations: Mexican, Austin , Texas, Chipotle, U.S, New York, West Coast, San Francisco

☆ Amazon employees plan to walk out and accused the company of 'actively accelerating' the climate crisis, leaked email shows
▼ + stars: | 2023-05-26 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

In the email, the organizing group encourages employee participation in the walkout by pointing out five areas of concern over Amazon's climate initiatives. Here's what the email says:Emissions that are rising: Amazon's emissions have increased 40%(!!) Partnering with Big Oil: AWS Al and machine learning are being used by Big Oil to greatly accelerate oil and gas discovery and extraction. Amazon launched the Climate Pledge in 2019, committing to reach net-zero carbon emissions by 2040. Partnering with Big Oil: AWS Al and machine learning are being used by Big Oil to greatly accelerate oil and gas discovery and extraction.

☆ BASF Uses Integrated Reporting to Focus Stakeholders on Sustainable Innovation
▼ + stars: | 2023-05-03 | by ( Julia Hood | ) www.businessinsider.com time to read: +7 min

Integrated reporting is growing more popular as stakeholders look to understand how companies are building sustainable growth. BASF produces an integrated report and is involved in the International Integrated Reporting Council. According to the IFRS Foundation, more than 2,500 companies worldwide have adopted integrated reporting. A major shift occurred with the launch of the International Integrated Reporting Council in 2010, and the framework it rolled out in 2013. An integrated report brings with it a higher threshold of measurement and accountability than a standalone sustainability report.

☆ A financially independent millennial shares an overlooked risk for investors in 2023 that 'doesn't get talked about enough'
▼ + stars: | 2023-01-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Self-made millionaire Grant Sabatier says investors need to pay more attention to climate change. He's also expanded his "view of investing," he said, and is preparing for an uncertain future — including climate change. "One of the things that doesn't get talked about enough is the climate risk for investors," said Sabatier, especially for real estate investors. Climate change increases the likelihood of severe storms, wildfires, floods, and hotter temperatures. Besides causing health and safety issues, the consequences of climate change could influence property values and homeownership costs in certain markets.

☆ There is no better energy security than the energy you produce in your own country, says MSCI
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is no better energy security than the energy you produce in your own country, says MSCIHenry Fernandez of MSCI discusses the energy crisis, while Loh Boon Chye of SGX Group discusses the company's sustainability efforts.

At the COP27 climate conference in Egypt, companies and country delegates are discussing ways of enhancing the market for green bonds, or bonds that are linked to projects deemed environmentally beneficial. POPULAR DESPITE THE 'GREENIUMS'Also known as "use of proceeds bonds," green bonds involve a company or government raising money for projects considered environmentally beneficial. SUSTAINABILITY-LINKED BONDSSustainability-linked bonds, or SLBs, comprise a newer and smaller market than green bonds. SOCIAL BONDS, SDG BONDS, AND MOREBeyond bonds focused on environmental outcomes, lie pools of money for related goals around social equity or fair living standards. Social impact bonds, or impact bonds, differ from social bonds in linking financial returns to the desired outcome.

☆ Culture of sustainability
▼ + stars: | 2022-11-07 | by ( Sponsor Post | Created Insider Studios With Schneider Electric | ) www.businessinsider.com time to read: +9 min

As early as 2005, the company had launched its first sustainability barometer — the Schneider Sustainability Impact (SSI) — which produces quarterly measurements of its ESG performance. In short, it has created a remarkable culture of sustainability throughout its operations. Watch the video below featuring Gwenaelle Avice-Huet, Chief Strategy & Sustainability Officer, Schneider Electric. The results have been highly encouraging, both in terms of advancing the company's sustainability drive, and in creating a happier and more engaged workforce. To help its customers and partners arrive at this ambition, Schneider Electric applies a programmatic approach to drive sustainability impact: strategize, digitize, decarbonize.

☆ Buy this waste management leader well positioned to ride out a recession, Jefferies says in upgrade
▼ + stars: | 2022-10-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Wall Street is underappreciating this waste management leader with strong pricing power even if a recession hits, Jefferies said. Analyst Stephanie Moore assumed coverage of Waste Management , upgrading the stock to buy from hold. Over the next few years, Moore expects Waste Management to expand margins by 180 basis points as it benefits from elevated inflation and leverages investments in automation. Shares of Waste Management have held up better than the broader market this year, falling just 2.5%. As recession fears mount, Moore said Waste Management is a defensive play to ride out the headwinds, noting that during nine of the last 11 market corrections, waste companies outperformed the S & P 500.

☆ Leaders from Walmart, AB InBev, Honeywell, Carlyle, and more share advice for getting started — and sticking to — sustainability goals
▼ + stars: | 2022-07-22 | by ( Julia Hood | ) www.businessinsider.com time to read: +26 min

Sustainability leaders from Walmart, JUST Capital, Dow, Honeywell, Cognizant, Deloitte, Bank of America, AB InBev, and Carlyle participated. If you're just looking for a science partner, you're going to go and get the science. So then we started building debriefs for our portfolio companies, actually making them sit down and have a conversation with us. Because as long as you do it with integrity, you're going to probably get to the right place. I remember him saying when we talked about the idea, "what you're trying to achieve with that, is somewhere between really, really, really, really hard and impossible."

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