This month, Amazon published its 2022 Sustainability Report. This report touches on renewable energy, electric fleets, waste, total emissions including supply chain emissions, sustainable design, supplier diversity, human rights, and sustainable products, clearly highlighting how the company is building a more sustainable future. One of the most notable highlights is Amazon’s decision to update its supply chain standards to require regular reporting and emissions goal setting. The decision to require reporting within their supply chain is one that is likely to create change across the board. Let’s dive in!

This week, global management and consulting firm, McKinsey & Company released a new report highlighting that a $4 trillion investment would be required to tackle the material shortages of key materials and achieve global decarbonization targets. This investment would be required to bridge the materials gap that is crucial to sustainability.

The Global Reporting Initiative (GRI) announced the launch of a new disclosure standard for the agriculture, aquaculture and fishing sectors this week. These sectors have become the main area of focus based on their immense impacts across economic, environmental, and social dimensions. This includes impacts on climate change and biodiversity, food security, farming and fishing practices, and community engagement. According to GRI, the standard will increase the completeness and comparability of sustainability information for all organizations around the world involved in crop cultivation, animal production, aquaculture or fishing.