Pdf from the Consumption of Alcohol and Tobacco

Total Page:16

File Type:pdf, Size:1020Kb

Pdf from the Consumption of Alcohol and Tobacco The Sustainability Yearbook 2021 Tackling parity, plastics and petroleum - reflecting on values, anticipating risks and identifying opportunities The Sustainability Yearbook 2021 February 2021 S&P Global spglobal.com/yearbook 2 The Sustainability Yearbook 2021 2021 Annual Corporate Sustainability Assessment 61 7,032 Industries Companies assessed* *As of January 22nd, 2021 215,412 7,326,876 Documents uploaded Data points collected The Sustainability Yearbook 2021 3 The Sustainability Yearbook ISBN 978-3-9525385-0-0 (print) ISBN 978-3-9525385-1-7 (online) Publisher Evan Greenfield, [email protected] Editor Robert Dornau, +41 44 529 51 73 [email protected] Contributors Editorial Board Edoardo Gai Evan Greenfield Nathan Hunt Robert Manjit Jus Rosanna Dornau Brady Copy Editors Director, ESG Operations Corporate Rosanna Brady, Mariano De Lellis, Specialist, Engagement, Lyn Zurbrigg S&P Global S&P Global Production Manager David Sullivan, + 44 207 176 0268 Alexandra [email protected] Mihailescu Cichon Marie Production Office Executive Froehlicher S&P Global Switzerland SA Vice President, Zürich Branch Sales and Marketing, ESG Specialist, Josefstrasse 218 RepRisk S&P Global 8005 Zürich Switzerland Lotte Article Reprints & Permissions Knuckles John Griek S&P Global Switzerland SA Duncan Head of Corporate +41 33 529 51 70 Initiative Lead, Sustainability [email protected] No Plastics in Nature, Assessments, S&P Global WWF International S&P Global 55 Water Street New York, New York 10041. United States General Chuck President & CEO Kieran Jacoby Doug Peterson Dobson (US Army, Ret.), Global Head of ESG Research PhD, Executive ESG Specialist, Vice Chairman, Manjit Jus S&P Global Tilman & Company 4 The Sustainability Yearbook 2021 Contributors Robert Manjit Jan Anton Dornau Jus Lily van Zanten Shepherd Director, Global Head, Strategist, Corporate ESG Research Programme Manager, Sustainable Engagement, and Data, Ellen MacArthur Development Goals, S&P Global S&P Global Foundation Robeco Jacob Messina Nathan Lindsey Senior Sustainable Stovall Hall Investing Principal Analyst, Senior Editor, Strategist, S&P Global S&P Global Robeco Market Intelligence Market Intelligence Azadeh Isabelle Nematzadeh Stauffer Senior Data Senior Manager, Scientist, ESG Research, S&P Global S&P Global General Chuck Jacoby Douglas L. Leo (US Army, Ret.), Peterson Executive President Tilman Vice Chairman, and CEO, Founder and CEO, Tilman & Company S&P Global Tilman & Company The Sustainability Yearbook 2021 5 Foreword Dear Stakeholder, In a world of extreme uncertainty, people are searching for clarity. Clarity to make business and investment decisions. Clarity to move their organizations forward with confidence. Last year, more companies than ever took part in our Corporate Sustainability Assessment. A record amount of corporate ESG data derived from this preeminent evaluation offers shareholders, executives and anyone who wants independent insights, the transparency to make better-informed choices. This new level of disclosure is testimony to one of the silver linings of 2020. The convergence of the COVID-19 pandemic, increased consciousness of race, diversity and inclusion in our communities and the devastation created by extreme weather and climate change have cemented the theme of sustainability as the business community’s No. 1 priority. As we begin 2021, the commitment of the new U.S. administration to put climate policy at the forefront of its domestic and international agendas promises to reinforce and accelerate this trend, with implications for the growth in carbon markets and innovation in the broader energy transition. 6 The Sustainability Yearbook 2021 This Yearbook is once again filled with Looking ahead to the rest of 2021 and revealing data and stories. Articles beyond, I am as hopeful as ever about about rethinking how to assign value the positive contributions businesses across investments, companies will make to society. Increasing levels of and economies; plastics packaging; engagement in the CSA create the gender equality in the workforce; the essential intelligence to power the markets electrification of transportation; and of the future and to accelerate progress using ESG as a tool for effective risk in our world. management are worthy of your time. In a year when so many other things were competing for people’s attention, I want Sincerely, to express S&P Global’s gratitude to each of the companies that participated Douglas L. Peterson in the CSA in 2020. Contributing to the President and CEO CSA last year demonstrated a great deal S&P Global of commitment to transparency and to building more sustainable economies and communities during a difficult time. I also want to thank every one of our team members who are responsible for collecting and analyzing the CSA submissions. It’s been one year since we acquired the ESG ratings business from the asset manager Robeco. We’re proud of the team’s integration and we’re pleased at how essential the CSA has become to the ESG work we’re doing at our company. The Sustainability Yearbook 2021 7 Table of Contents 8 The Sustainability Yearbook 2021 Foreword 6 Rethinking the value of everything 10 Jacob Messina, Senior Sustainable Investing Strategist, Robeco Jan Anton van Zanten, Strategist for the Sustainable Development Goals, Robeco Identification and management of new risks - key gaps and recommendations 20 Isabelle Stauffer, Senior Manager ESG Research, S&P Global Gender equality in the workplace: women on the board 38 Marie Froehlicher, ESG Specialist, S&P Global Lotte Knuckles Griek, Head of Corporate Sustainability Assessments, S&P Global Driving the energy transition: more than just downside demand 58 Kieran Dobson, PhD, ESG Specialist, S&P Global Manjit, G Jus lobal Head of ESG Research and Data, S&P Global Packaging the future: a material matter 72 Rosanna Brady, ESG Operations Specialist, S&P Global Robert Dornau, Director Corporate Engagement, S&P Global Sustainability Leaders 2020 92 Industry Profiles: 61 Industries At A Glance Company Overview 164 The Sustainability Yearbook 2021 9 Rethinking the value of everything A hard look at how value is measured in investment portfolios, corporate performance and national economies 10 The Sustainability Yearbook 2021 The Sustainability Yearbook 2021 11 Current measures of value are too narrowly focused on measuring growth and progress in terms of goods and services consumed and produced. As a result, the value of easily monetized input, outputs, and capital assets is overestimated while the more diffuse but nevertheless material value that characterizes social and environmental assets is underestimated. Moreover, such rigid accounting frameworks omit costly externalities that further distort current estimates and future outlooks. This myopic view has created an unsustainable Looking for better metrics system that rewards the short-term and discounts the long-term. But conventional The inappropriateness of using GDP as the metrics and methods of today’s accounting central benchmark for a nation’s success is will not work for a sustainable tomorrow. well noted. The Nobel Prize-winning economist Simon Kuznets, who is often credited as New mandates, new metrics and new the inventor of the metric, warned that GDP methodologies are needed to help companies was not a suitable measure of a country’s and economies recalibrate for the future. economic development or well-being in his 1 Kuznets S. We advocate a rethink on what constitutes National Income, seminal work which redefined how economic 1929-32. Letter value creation as well as how to measure growth should be viewed.1 American from the Acting and monetize it. With a wealth of corporate politician Robert Kennedy summarized it Secretary of sustainability data, analytical tools and well in his election speech in 1968 when he Commerce to the US Senate. 1934. long-term orientation, ESG research and said “it [GDP] measures everything in short, ratings providers like S&P Global will be key except that which makes life worthwhile”. collaborative partners in defining a new way of assessing value that ensures the interests of Some governments are looking for better all stakeholders are represented and aligned. metrics of success. New Zealand is attempting to become the first nation to do without GDP and focus on well-being as a better measure instead. It is part of the Well-being Economy Governments (WEGo) partnership, which currently includes Scotland, Iceland Jacob Messina and Wales, and seeks to build economies that deliver human and ecological well- Senior Sustainable being. Yet while these governments are Investing Strategist pioneering new metrics, the use of GDP as Robeco the primary yardstick with which national success is measured remains to this day. Jan Anton van Zanten Strategist for the Sustainable Development Goals Robeco 12 The Sustainability Yearbook 2021 “What you measure affects what you do”. Joseph Stiglitz Our dependency on GDP complicates a Following this logic through to the long-term sustainable recovery from Covid-19. As Joseph impact on investors, if our accounting systems Stiglitz, former World Bank chief economist do not reward (or penalize) companies for these and Nobel laureate, explains: “What you hitherto non-financial benefits (or damages), measure affects what you do”.2 GDP is the investors are not being properly informed monetary value of all the finished goods and about companies’ true value creation potential. services that are produced
Recommended publications
  • OSB Representative Participant List by Industry
    OSB Representative Participant List by Industry Aerospace • KAWASAKI • VOLVO • CATERPILLAR • ADVANCED COATING • KEDDEG COMPANY • XI'AN AIRCRAFT INDUSTRY • CHINA FAW GROUP TECHNOLOGIES GROUP • KOREAN AIRLINES • CHINA INTERNATIONAL Agriculture • AIRBUS MARINE CONTAINERS • L3 COMMUNICATIONS • AIRCELLE • AGRICOLA FORNACE • CHRYSLER • LOCKHEED MARTIN • ALLIANT TECHSYSTEMS • CARGILL • COMMERCIAL VEHICLE • M7 AEROSPACE GROUP • AVICHINA • E. RITTER & COMPANY • • MESSIER-BUGATTI- CONTINENTAL AIRLINES • BAE SYSTEMS • EXOPLAST DOWTY • CONTINENTAL • BE AEROSPACE • MITSUBISHI HEAVY • JOHN DEERE AUTOMOTIVE INDUSTRIES • • BELL HELICOPTER • MAUI PINEAPPLE CONTINENTAL • NASA COMPANY AUTOMOTIVE SYSTEMS • BOMBARDIER • • NGC INTEGRATED • USDA COOPER-STANDARD • CAE SYSTEMS AUTOMOTIVE Automotive • • CORNING • CESSNA AIRCRAFT NORTHROP GRUMMAN • AGCO • COMPANY • PRECISION CASTPARTS COSMA INDUSTRIAL DO • COBHAM CORP. • ALLIED SPECIALTY BRASIL • VEHICLES • CRP INDUSTRIES • COMAC RAYTHEON • AMSTED INDUSTRIES • • CUMMINS • DANAHER RAYTHEON E-SYSTEMS • ANHUI JIANGHUAI • • DAF TRUCKS • DASSAULT AVIATION RAYTHEON MISSLE AUTOMOBILE SYSTEMS COMPANY • • ARVINMERITOR DAIHATSU MOTOR • EATON • RAYTHEON NCS • • ASHOK LEYLAND DAIMLER • EMBRAER • RAYTHEON RMS • • ATC LOGISTICS & DALPHI METAL ESPANA • EUROPEAN AERONAUTIC • ROLLS-ROYCE DEFENCE AND SPACE ELECTRONICS • DANA HOLDING COMPANY • ROTORCRAFT • AUDI CORPORATION • FINMECCANICA ENTERPRISES • • AUTOZONE DANA INDÚSTRIAS • SAAB • FLIR SYSTEMS • • BAE SYSTEMS DELPHI • SMITH'S DETECTION • FUJI • • BECK/ARNLEY DENSO CORPORATION
    [Show full text]
  • Measuring Intangibles
    Measuring Intangibles ROBECOSAM’S CORPoraTE SUSTAINABILITY AssessmeNT METHODOLOGY RobecoSAM’s Corporate Sustainability Assessment Methodology 03/2014 RobecoSAM AG www.robecosam.com Focus on Financial Materiality As an investment boutique focused exclusively on RobecoSAM pursues a truly integrated approach to sustainability investing, RobecoSAM has always analyzing sustainability performance. An interdisciplinary believed that financial analysis is incomplete if it team of analysts designs, monitors and refines the ignores material extra-financial factors. Sustainability CSA with the purpose of generating additional insights trends such as resource scarcity, climate change or an into the value creating and risk mitigating potential aging population continuously reshape a company’s of companies, ensuring that the assessment focuses competitive environment. RobecoSAM is convinced on sustainability criteria that are financially relevant that companies that can adapt to such challenges to corporate performance, valuation and security through innovation, quality and productivity enhance selection. Not only does this make the results of the CSA their ability to generate long-term shareholder value. assessment particularly relevant for investors, but it also For this reason, RobecoSAM developed the annual helps companies to focus on sustainability issues that Corporate Sustainability Assessment (CSA) in 1999 in are more directly linked to their success as a business. order to identify companies that are better equipped to recognize and respond to emerging sustainability RobecoSAM’s approach is also unique in that it is opportunities and challenges presented by global and based on information provided by the companies industry trends. directly through the online questionnaire. This allows RobecoSAM to analyze sustainability at a much deeper “RobecoSAM’s rules-based assessment level than frameworks based on public disclosure alone.
    [Show full text]
  • An Introductory Guide to SDG Credits
    FOR PROFESSIONAL INVESTORS An introductory guide to SDG Credits SEPTEMBER 2021 Introduction Although investors are increasingly embracing sustainable investing, there is no one-size-fits-all approach. Sustainable investing means different things to different people, and their investment goals can vary considerably. While it is easy for asset managers to talk about sustainability, it is much more challenging for them to implement it. Compounding the lack of a clear definition is the challenge of measuring the impact sustainable investors make. Nevertheless, there have been some very interesting developments in this ever-evolving investment field. Launched in 2015 the UN Sustainable Development Goals (SDGs) take goals within this timescale. As governments alone are unlikely to be able the quest for sustainability to the next level by making integration find such huge sums of money, the UN has explicitly asked the private tangible and measurable. Investors are becoming increasingly interested sector, including asset owners, to contribute as well. According to a survey in investment products that contribute to the realization of these goals among Dutch institutional investors carried out by the Dutch Association and at the same time offer attractive returns. Building on the success of Investors for Sustainable Development (VBDO), the SDGs are on the of the Millennium Development Goals and adopted as part of the 2030 agenda of pension fund boards, although most of them have yet to Agenda for Sustainable Development, which was signed by 193 countries, integrate SDGs in their portfolios. the SDGs are a vast agenda of 17 goals and 169 targets such as the elimination of poverty and hunger, decent work and growth, sustainable Why should investors embrace the SDGs? cities and communities.
    [Show full text]
  • Stars Shine at the Downer Nines! the Downer Rugby League World Cup 9S Was One of the Most 4 Exciting Weekends of Football in 2019
    Issue 17 December 2019 PAGE Stars shine at the Downer Nines! The Downer Rugby League World Cup 9s was one of the most 4 exciting weekends of football in 2019. 2 Hydrogen: a key energy 7 Walkin’ in a ginger 8 Maryborough celebrates source of the future wonderland 150 golden years 2 Issue 17 December 2019 THOUGHT LEADERSHIP CONTRACT WINS Hydrogen can be a key energy source in a zero-emissions future There is no doubt that the power generation industry is the most disrupted of all industries. The unholy trinity of climate By Pat Burke change, perceived soaring energy prices and legislative Executive General Manager, uncertainty underlined by an ageing workforce, increasing Asset Services activism and changing market fundamentals have combined to create a sector facing considerable uncertainty. Many traditional energy sources are becoming clear example of the advancements being made And, perhaps most importantly, we need to unsustainable, not to mention unpopular in the development of these new technologies. convince a sceptical public it can be safely stored, among a growing section of the population. and used in their cars and in public transport. I also saw advances in retrofitting existing The energy market is changing quicker than plant to better cope with changed operating For Downer, a move towards hydrogen energy most expected. There are also conflicting parameters, improve efficiency, reduce would also present many opportunities. views on which decarbonisation technologies emissions or even convert gas turbines to We have a strong reputation for the provision will most likely progress, and what the current handle hydrogen. of safe and reliable operational services status and development roadmap of those across a diversified range of commodities These technologies are directly applicable to technologies actually looks like.
    [Show full text]
  • Important Notice the Depository Trust Company
    Important Notice The Depository Trust Company B #: 12945-20 Date: February 10, 2020 To: All Participants Category: Dividends | International From: Global Tax Services Attention: Managing Partner/Officer, Cashier, Dividend Mgr., Tax Mgr. BNY Mellon | ADRs | Qualified Dividends for Tax Year 2019 Subject: Bank of New York Mellon Corporation (“BNYM”), as depositary for these issues listed below has reviewed and determined if they met the criteria for reduced U.S. tax rate as “qualified dividends” for tax year 2019. The Depository Trust Company received the attached correspondence containing Tax Information. If applicable, please consult your tax advisor to ensure proper treatment of these events. Non-Confidential DTCC Public (White) 2019 DIVIDEND CERTIFICATION CUSIP DR Name Country Exchange Qualified 000304105 AAC TECHNOLOGIES HLDGS INC CAYMAN ISLANDS OTC N 000380105 ABCAM PLC UNITED KINGDOM OTC Y 001201102 AGL ENERGY LTD AUSTRALIA OTC Y 001317205 AIA GROUP LTD HONG KONG OTC N 002482107 A2A SPA ITALY OTC Y 003381100 ABERTIS INFRAESTRUCTURAS S A SPAIN OTC Y 003725306 ABOITIZ EQUITY VENTURES INC PHILIPPINES OTC Y 003730108 ABOITIZ PWR CORP PHILIPPINES OTC Y 004563102 ACKERMANS & VAN HAAREN BELGIUM OTC Y 004845202 ACOM CO. JAPAN OTC Y 006754204 ADECCO GROUP AG SWITZERLAND OTC Y 007192107 ADMIRAL GROUP UNITED KINGDOM OTC Y 007627102 AEON CO LTD JAPAN OTC Y 008712200 AIDA ENGR LTD JAPAN OTC Y 009126202 AIR LIQUIDE FRANCE OTC Y 009279100 AIRBUS SE NETHERLANDS OTC Y 009707100 AJINOMOTO INC JAPAN OTC Y 015096209 ALEXANDRIA MINERAL - REG. S EGYPT None N 015393101 ALFA LAVAL AB SWEDEN SWEDEN OTC Y 021090204 ALPS ELEC LTD JAPAN OTC Y 021244207 ALSTOM FRANCE OTC Y 022205108 ALUMINA LTD AUSTRALIA OTC Y 022631204 AMADA HLDGS CO LTD JAPAN OTC Y 023511207 AMER GROUP HOLDING - REG.
    [Show full text]
  • Financial Darwinism
    Praise for Financial Darwinism “The world’s political and economic uncertainties, exacerbated by a serious lack of financial transparency, can lead business leaders to feel like they may be virtually flying blind in a rapidly changing global economy. Leo Tilman offers some important tools to address the clear imperative of better strategic and systemic risk management.” William E. Brock Former United States Senator United States Trade Representative and United States Secretary of Labor “History is littered with the wrecks of financial institutions. Some failed to change their strategies. Others pursued tantalizing returns while paying insufficient attention to the risks. Judging from recent financial crises, many financial institutions still have not learned how to avoid crippling, perhaps even life-threatening, wrecks. Leo Tilman’s timely book is a navigator’s manual for managers of 21st-century financial institutions. To prosper, even to survive, Tilman clearly and forcefully shows that they must abandon outmoded strategies, adopt new ones, and pay much more attention to the trade-off between risk and return. He blends theory with experience to show how this can be done, and even how it has been done.” Dr. Richard Sylla Henry Kaufman Professor of The History of Financial Institutions and Markets Professor of Economics Leonard N. Stern School of Business, New York University Financial Darwinism Create Value or Self-Destruct in a World of Risk LEO M. TILMAN John Wiley & Sons, Inc. Copyright C 2009 by Leo M. Tilman. All rights reserved. Published
    [Show full text]
  • Industry Associations & ASX Companies
    Industry Associations, ASX Companies, Shareholder Interests and Lobbying CONTENTS About the Authors ........................................................................................................................ 3 ACCR ............................................................................................................................................ 3 About ISS-caer ............................................................................................................................. 3 About the Report .......................................................................................................................... 4 Foreword ...................................................................................................................................... 4 Introduction .................................................................................................................................. 5 Report Structure .......................................................................................................................... 6 PART 1 - Background ................................................................................................................... 8 What is an Industry Association? .............................................................................................. 8 Advantages and Disadvantages of Belonging to an Industry Association ........................... 10 Australian Legislation and Regulations Covering Industry Associations ............................. 11
    [Show full text]
  • Climate and Energy Benchmark in Oil and Gas Insights Report
    Climate and Energy Benchmark in Oil and Gas Insights Report Partners XxxxContents Introduction 3 Five key findings 5 Key finding 1: Staying within 1.5°C means companies must 6 keep oil and gas in the ground Key finding 2: Smoke and mirrors: companies are deflecting 8 attention from their inaction and ineffective climate strategies Key finding 3: Greatest contributors to climate change show 11 limited recognition of emissions responsibility through targets and planning Key finding 4: Empty promises: companies’ capital 12 expenditure in low-carbon technologies not nearly enough Key finding 5:National oil companies: big emissions, 16 little transparency, virtually no accountability Ranking 19 Module Summaries 25 Module 1: Targets 25 Module 2: Material Investment 28 Module 3: Intangible Investment 31 Module 4: Sold Products 32 Module 5: Management 34 Module 6: Supplier Engagement 37 Module 7: Client Engagement 39 Module 8: Policy Engagement 41 Module 9: Business Model 43 CLIMATE AND ENERGY BENCHMARK IN OIL AND GAS - INSIGHTS REPORT 2 Introduction Our world needs a major decarbonisation and energy transformation to WBA’s Climate and Energy Benchmark measures and ranks the world’s prevent the climate crisis we’re facing and meet the Paris Agreement goal 100 most influential oil and gas companies on their low-carbon transition. of limiting global warming to 1.5°C. Without urgent climate action, we will The Oil and Gas Benchmark is the first comprehensive assessment experience more extreme weather events, rising sea levels and immense of companies in the oil and gas sector using the International Energy negative impacts on ecosystems.
    [Show full text]
  • Independent Auditor's Limited Assurance Report of Old Mutual Unit Trust Managers (RF) (Pty) Ltd (The “Manager”)
    KPMG Inc 4 Christiaan Barnard Street, Cape Town City Centre, Cape Town, 8000, PO Box 4609, Cape Town, 8001, South Africa Telephone +27 (0)21 408 7000 Fax +27 (0)21 408 7100 Docex 102 Cape Town Web http://www.kpmg.co.za/ Independent Auditor's Limited Assurance Report of Old Mutual Unit Trust Managers (RF) (Pty) Ltd (the “Manager”) To the unitholders of Old Mutual Core Conservative Fund We have undertaken our limited assurance engagement to determine whether the attached Schedule IB ‘Assets of the Fund held in compliance with Regulation 28’ at 31 December 2020 (the “Schedule”) has been prepared in terms of the requirements of Regulation 28 of the Pension Funds Act of South Africa (the “Regulation”) for Old Mutual Core Conservative Fund (the “Portfolio”), as set out on pages 4 to 39. Our engagement arises from our appointment as auditor of the Old Mutual Unit Trust Managers (RF) (Pty) Ltd and is for the purpose of assisting the Portfolio’s unitholders to prepare the unitholder’s Schedule IB ‘Assets of the Fund held in compliance with Regulation 28’ in terms of the requirements of Regulation 28(8)(b)(i). The Responsibility of the Directors of the Manager The Directors of the Manager are responsible for the preparation of the Schedule in terms of the requirements of the Regulation, and for such internal control as the Manager determines is necessary to enable the preparation of the Schedule that is free from material misstatements, whether due to fraud or error. Our Independence and Quality Control We have complied with the independence and other ethical requirements of the Code of Professional Conduct for Registered Auditors issued by the Independent Regulatory Board for Auditors (IRBA Code), which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
    [Show full text]
  • Nuclear Hvac
    NUCLEAR HVAC ENGIE Axima, your key partner ENGIE Axima your local partner for engineering, procurement, construction and operation maintenance of your nuclear HVAC projects. Gravelines With a network of GravelinesDunkerque Lille Boulogne-sur-Mer Dunkerque Lille Boulogne-sur-MerPenly St-Omer Dieppe Chooz Cherbourg Penly St-Omer Amiens Paluel Dieppe Chooz FlamanvilleCherbourg Amiens Compiègne Cattenom officies Paluel Rouen Flamanville Compiègne Cattenom Phalsbourg Engineering Procurement Construction Rouen PARIS Saint-Brieuc Caen Reims Metz ENGIE_axima RÉFÉRENCES COULEUR Brest Phalsbourg Haguenau • Design of HVAC & air treatment systems, • Qualification of the equipment (either • Installation of HVAC systems in in France ChartresPARIS Nogent/Seine gradient_MONO_WHITE Saint-Brieuc MontaubanCaen Reims Metz 22/10/2015 Brest Nancy HaguenauSTRASBOURG Landivisiau de Bretagne LeChartres Mans Nogent/Seine Troyes 24, rue Salomon de Rothschild - 92288 Suresnes - FRANCE of process fluids, process vacuum, and by analysis or testing). coordination with other work packages. Montauban Tél. : +33 (0)1 57 32 87 00 / Fax : +33 (0)1 57 32 87 87 Quimper Web : www.carrenoir.com WHITE cooling systems, including the preparation Landivisiau de BretagneRennesLe Mans Orléans Troyes Nancy Epinal STRASBOURGColmar Lorient Chaumont • Long-term partnership with reputable • Testing, commissioning, acceptance, Quimper Angers Fessenheim of the technical specifications for the VannesRennes St-LaurentOrléans Epinal MulhouseColmar suppliers for the procurement of all operation
    [Show full text]
  • 2020 Us Policymaker Esg Primer
    2020 U.S. POLICYMAKER ESG PRIMER DECEMBER 2020 About Paul, Weiss’s sustainability and ESG advisory practice Paul, Weiss, Rifkind, Wharton & Garrison LLP is a firm of 1,000 lawyers who provide innovative and effective solutions to our clients’ most complex legal and business challenges. Our sustainability and environmental, social and governance (ESG) advisory practice helps boards and executives navigate the legal, business and political ramifications of developing and implementing sustainability and other ESG initiatives. We advise on ESG-focused stakeholder engagement, corporate governance, crisis management, corporate social responsibility, sustainability, diversity and inclusion, ethics and compliance. For more information visit paulweiss.com/practices/sustainability-esg. This Primer is not intended to provide legal advice, and no legal or business decision should be based on its content. About Refinitiv Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. Report authors Barnabas Acs, Ph.D., Global Business Development Director, Sustainable Finance, Refinitiv Mark S. Bergman, Partner, Paul, Weiss, Rifkind, Wharton & Garrison
    [Show full text]
  • Integrated Report 2020 Index
    INTEGRATED REPORT 2020 INDEX 4 28 70 92 320 PRESENTATION CORPORATE GOVERNANCE SECURITY METHODOLOGY SWORN STATEMENT 29 Policies and practices 71 Everyone’s commitment 93 Construction of the report 31 Governance structure 96 GRI content index 35 Ownership structure 102 Global Compact 5 38 Policies 103 External assurance 321 HIGHLIGHTS 74 104 Glossary CORPORATE STRUCTURE LATAM GROUP EMPLOYEES 42 75 Joint challenge OUR BUSINESS 78 Who makes up LATAM group 105 12 81 Team safety APPENDICES 322 LETTER FROM THE CEO 43 Industry context CREDITS 44 Financial results 47 Stock information 48 Risk management 83 50 Investment plan LATAM GROUP CUSTOMERS 179 14 FINANCIAL INFORMATION INT020 PROFILE 84 Connecting people This is a 86 More digital travel experience 180 Financial statements 2020 navigable PDF. 15 Who we are 51 270 Affiliates and subsidiaries Click on the 17 Value generation model SUSTAINABILITY 312 Rationale buttons. 18 Timeline 21 Fleet 52 Strategy and commitments 88 23 Passenger operation 57 Solidary Plane program LATAM GROUP SUPPLIERS 25 LATAM Cargo 62 Climate change 89 Partner network 27 Awards and recognition 67 Environmental management and eco-efficiency Presentation Highlights Letter from the CEO Profile Corporate governance Our business Sustainability Integrated Report 2020 3 Security Employees Customers Suppliers Methodology Appendices Financial information Credits translated at the exchange rate of each transaction date, • Unless the context otherwise requires, references to “TAM” although a monthly rate may also be used if exchange rates are to TAM S.A., and its consolidated affiliates, including do not vary widely. TAM Linhas Aereas S.A. (“TLA”), which operates under the name “LATAM Airlines Brazil”, Fidelidade Viagens e Turismo Conventions adopted Limited (“TAM Viagens”), and Transportes Aéreos Del * Unless the context otherwise requires, references to Mercosur S.A.
    [Show full text]