🍃The Sustainability Top 10: to ESG or not to ESG

Welcome back 🖐,

This week we learned that at least one influential figure has chosen to no longer say the acronym ESG, as if it were some kind of slur, because it has been ‘weaponized’. All the bickering around ESG is unhelpful at a time when we should be joining efforts and doing more given a rapidly deteriorating environment and exponentially growing negative impact on human civilization. And we just got some astounding evidence of human’s all-encompassing impact on the planet: we are not only changing the climate, we are also changing the Earth’s axis! (see how below). 

Also this week, a guide on the most impactful sustainability marketing claim, cutting-edge technology for climate operational resilience, the impact of the Supreme Court’s decision on businesses’ diversity programs and more+. Here are The Green Tea's Top 10 actionable, innovation, and hot sustainability stories this week! 👇 

1. (NYTimes) Humans pump so much groundwater that Earth’s axis has shifted, study finds. read here

2. (GRI) The launch of the IFRS S1 and S2 Standards is a milestone towards standardized sustainability reporting, with GRI and ISSB's standards as complementary, covering impact and financial reporting. read here

4. (NYTimes) Implications, limitations and how not to get sued: Supreme Court's affirmative action ruling may upend diversity hiring policies, too. read here

5. (NYTimes) (Green)washing Shein’s clothes? Shein flew influencers to China to help its image. A Backlash ensued. read here

6. (Bloomberg) Another ESG new poster child: LVMH? The world’s biggest producer of luxury goods has emerged as a favorite among fund managers, appearing in more ESG funds than Tesla. read here

8. (Reuters) BlackRock's Fink says he has stopped using 'weaponised' term ESG. read here

9. (RetailDetail) Anti-greenwashing rules and lawsuits likely having an impact: Nestlé abandons carbon-neutral ambitions for KitKat and other brands. read here

10. (Bloomberg) What do sheep and solar panels now have in common? A nascent practice, known as solar grazing, is bringing sheep to solar farms in an effort to keep panels out of the shade. read here

Enjoy and reflect 💭. Warm regards / saludos,

Julio