Developed Nations to Pay US$100B to Combat Climate Crisis

The UN urged developed countries to fulfill their promises in the fight against the climate crisis. Meanwhile, Heineken aims to reduce its carbon emissions by 30% by 2030. 

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UN Demands Rich Countries to Fulfill Climate Financing Promises

During the Africa Climate Summit (ACS), the UN called on wealthy countries to fulfill their promises in the fight against the climate crisis. António Guterres, UN Secretary General, urged these nations to fulfill their promise of providing US$100 billion annually, a goal that was established in the Paris Agreement in 2015. Likewise, Simon Stiell, Executive Secretary, UN Climate Change, recalled the establishment of the loss and damage fund created at the COP27 climate summit. On the other hand, John Kerry, US Presidential Envoy for Climate, emphasized the need to reduce the risk for investors in the fight against climate change. 

Heineken’s Sustainable Journey: Commitments, Impact

In the 2023 edition of the Open Mind Forum, Heineken unveiled the actions carried out as part of its sustainability program. According to directives, the company sources 80% of its raw materials from local suppliers, it has conducted circular economy training for more than 2,000 employees and decision-makers and boasts a textile recycling program. Moreover, the brewer has created innovative packaging with biodegradable materials such as residual malt, which has resulted in 20% cost savings. By 2030, Heineken aims to reduce its global carbon footprint by 30% and scope 3 emissions by 21%.  

Herdez, Arca Continental and NAFIN’s Sustainability Strategies

During the Business Meeting for Sustainability 2023, Herdez, Arca Continental and Nacional Financiera (NAFIN) presented their sustainability strategies. Last year Grupo Herdez allocated over MX$1.2 billion (US$70.9 million) to sustainability initiatives and committed to reduce water consumption per ton of food produced by 25% in 2030. Moreover, Arca Continental, aims to achieve 50% of recyclable content in all its packaging across Latin America also by 2030. Meanwhile, NAFIN, was the first financial institution in Mexico to implement green bonds and has established significant standards in the field.