🍃The Sustainability Top 10: was it worth the wait?

Welcome back 🖐,

This week in the sustainability world: cultivated meat finally got approved for sale in the US! (and you can find it in your nearby grocery store…oh, wait, scratch that…in just 2 exclusive restaurants…), clean tech newest unicorn getting big VCs behind it, Nvidia growing ESG-funds spotlight, diversity impact in financials, interventions to reduce GHG, and more. Here are The Green Tea's Top 10 actionable, innovation, and hot sustainability stories this week! 👇 

1. (SM) First ‘lab-grown’ meats (and their potential for lower emissions) approved for sale by regulators in the US. The meat will first be served in exclusive restaurants, with Upside partnering with a San Francisco restaurant called Bar Crenn and Good Meet working with a Washington, D.C., restaurant run by chef José Andrés read here

6. (AYS) Analysis shows that higher representation in management of people of color (BIPOC) has a positive association with higher cash flow, net profit, three and five-year revenue, five-year return on equity, and stock performance read here

7. (Just Capital) The New York Times explores how and why the racial wage gap is shrinking. A strong economy, the fight for a livable minimum wage, and the Black Lives Matter movement have all contributed to the trend. read here

9. (McKinsey)(Report) According to McKinsey, generative AI could generate +$3-4T in value globally mostly through productivity. But how? and how will it impact the workforce? read here

10. (Sustainable Brands) Lessons for other industries? Incentives (some $ based) driving behavior among travelers to close knowledge-action gap read here

+. (IR Magazine) So predictable….Shell abandons plans to limit oil production despite previous pledge read here. "The world’s five biggest publicly listed oil and gas companies posted just under $200 billion in total profits last year. Faced with three strategic possibilities for how to use their cash piles - extract oil and gas apace, move their businesses into renewable power and energy transition assets or return money to shareholders - the supermajors have largely sprung for the third option in recent weeks" (Bloomberg)

+. (Guardian) Even Rihanna got in the action calling for results at the Paris Climate Finance Summit, but outcomes left many wanting more read here

+. (The Hill) Landmark case in Montana about warming climate and the harm alleged by the plaintiffs, who say their constitutional right to a “clean and healthful environment” has been violated by the state’s practices, comes to a close read here

Enjoy and reflect 💭. Warm regards / saludos,

Julio