In this follow-up to our last episode on climate resilience, Host Beatrice Bizarro, Water Stewardship Technology Lead at HPC Italy and the Inogen Alliance Global Water Working Group Leader, sits down with Ilaria Troncia, Sustainability Consultant, HPC, to discuss key takeaways from this year’s World Water Week event. The episode highlights the critical need to integrate climate and water management, emphasizing resilience, collaboration, and effective communication.

Listen Now:

Guest Quote:

 ”Water stewardship isn’t just a technical exercise about conservation or compliance. It’s really about understanding the real, often hidden, interconnection between nature, people, businesses, and also different levels of these three elements.”

———

Time Stamps
00:32 The Importance of Water in Climate Conversations

01:32 World Water Week Congress Insights

02:53 Experiences and Learnings from World Water Week

07:13 Challenges in Water Stewardship

12:36 Defining Success in Water Stewardship

17:28 Key Lessons and Future Directions

Sustainability 101 is a blog series that you can turn to for information about different environmental terms that may come up at work, during discussions with friends, and even at your family gatherings.

Whether we’re purchasing grocery items wrapped in plastic or receiving a home shipment packed in polystyrene peanuts, packaging is part of our everyday lives. However, much of it becomes waste after one use.

According to the Organisation for Economic Co-operation and Development (OECD), 31% of plastics produced are for packaging – often single-use and with an average six-month lifespan. Plastic is widely used as an effective packaging material, but as waste in the environment, it can have a negative impact.

Research published in the November 16, 2024, Journal of Hazardous Materials Advances shows that that in landfills, plastic can emit toxins and become a source of greenhouse gases (GHGs), and in oceans, it can break down into microparticles that could disrupt food chains and contribute to a variety of health disorders.

Some other non-recyclable or non-compostable packaging items include foam, aluminum foil with food residue, and fused components such as cardboard attached to foam that cannot be easily separated for recycling.

How does this influence consumers’ choices? A 2025 McKinsey & Company survey reports that 77 percent of respondents consider recyclable packaging “extremely important” or “very important,” while 62 percent responded the same about packaging made from recycled materials.

Packaging sustainability: Materials matter

In a circular economy, industries adjust their processes to enable the reuse and regeneration of materials. The goal is to make products with the smallest environmental impact using the fewest resources possible.

By focusing on materials, companies can make their product containers and components more sustainable, such as berry growers using compostable trays or cosmetics manufacturers using refillable containers for post-purchase reuse.

Some other strategies include:

  • Reducing or eliminating unnecessary components
  • Using QR codes to digitize information vs. printed materials
  • Incentivizing consumer recycling with rewards or by providing clear instructions on how to recycle

Using these alternatives can help reduce packaging waste while aligning with customer values. It also can help reduce packaging costs, optimize space efficiency, and build in regulatory compliance.

How Cisco’s strategy has evolved to think “inside the box”

For Cisco, packaging sustainability is the practice of minimizing waste by reducing or removing certain materials — such as single-use plastic bags and foam — and replacing them with alternative materials that are renewable, recyclable, or both.

In 2019, Cisco developed a set of Circular Design Principles for its products across five categories — one of which is packaging and accessories. Product teams and packaging engineers in our Supply Chain Operation team collaborate at the outset of the design phase to craft a package that provides the optimal balance of product protection and circularity. Many of our products now incorporate recyclable fiber-based cushions like FiberFlute®, paper tube cushions, and molded pulp to replace foam. Through Cisco’s No Paper Initiative, QR codes for digital product information avoid material use altogether.

A good example is the Cisco Ceiling Microphone Pro package, which is fully fiber based. Instead of plastic trays, we opted for unbleached molded pulp-fiber trays that are strong enough to cushion the fragile unit, yet light enough for cost-effective shipping. We also swapped out the conventional single-use plastic bag with a custom-fit paper sleeve that fully encases the unit and shields it from dust and abrasion.

Packaging from legacy products can be modified for circularity as well, and Cisco’s Catalyst 9300 Enterprise Switch is a prime example.

To replace foam, we used recycled thermoforms to cushion the chassis — eliminating about 250 metric tonnes of foam annually — and recycled and recyclable fiber-based retention packs for the power supply units — avoiding approximately 70 additional metric tonnes per year. To eliminate plastic bags, we opted for paper flag labels on power cords, consolidated small parts across multiple bags, and swapped out plastic for paper-based envelopes. In fiscal 2025, Cisco applied these packaging changes to the new generation Cisco C9350 smart switches.

Packaging sustainability: A Circular Design Principle

Circular Design Principles have transformed the product and packing design process at Cisco. Other examples of how we incorporate circularity into our packaging include:

  • Reducing materials usage with a heightened focus on plastics reduction
  • Designing containers and packing materials to be separable and easily recycled at end of use
  • Using post-consumer waste in new packaging parts
  • Eliminating paper documentation in new product shipments
  • Reducing the shipment of unused accessories by offering our customers an opt-out option during the ordering experience
  • Using multipack solutions to reduce material usage and bundling containers for large shipments to reduce the number of boxes needed

By using more efficient, renewable, and recyclable materials, Cisco not only helps keep waste out of landfills but reduces costs and saves resources.

Learn more about these initiatives and Cisco’s packaging sustainability goals in the Cisco Purpose Reporting Hub.

View original content here.

NEW YORK, Sept. 23, 2025 /PRNewswire/ — Energea connects individual investors with high-impact solar portfolios across select global markets, accelerating the clean energy transition while delivering affordable, reliable power where it’s needed most.

On Thursday, Sept. 25, 2025, at 9:30 a.m. ET, Energea Co-Founder and Managing Partner Mike Silvestrini will speak at The Nest Climate Campus Main Stage about how alternative investment platforms can unlock new pools of capital for clean energy infrastructure worldwide.

“Our platform gives individual investors a way to help build clean energy while pursuing competitive returns. Sharing this message on The Nest Climate Campus stage helps us reach people ready to act,” said Silvestrini.

Energea is also partnering with Global Citizen to advance the democratization of clean energy investing and better align private capital with global decarbonization goals. On Saturday, September 27, at the Global Citizen Festival in Central Park, Energea will announce their sustainability commitments as Climate Week draws to a close.

Together, these events keep access to clean energy investing on the agenda from the start of Climate Week through its closing moments.

For more details on Energea’s Climate Week activities, visit energea.com or view the event listing at Climate Week NYC.

About Energea
Energea is a U.S.-based renewable energy investment platform that connects individual investors with solar projects worldwide. Since launching in 2020, Energea has raised over $450 million and generated a 12% realized IRR for investors. By combining financial returns with measurable environmental and social impact, Energea enables people to participate in the global energy transition. Learn more at energea.com.

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SOURCE Energea

Patrick O’Connell, CFA | Director—Responsible Investing Portfolio Solutions and Research

Marie Clara Buellingen | Head of Sustainable Finance for the Americas at Societe Generale Corporate and Investment Banking

Blended finance has the potential to transform overlooked markets into investable opportunities.

The United Nations (UN) warns of a roughly US$4 trillion annual shortfall in financing for its sustainable development goals—a gap too large for the public sector to fill alone. Blended finance, which combines public, philanthropic and private capital, can help bridge this divide and unlock progress on global priorities such as poverty reduction, climate action and access to clean energy.

A decade after the UN adopted its 2030 Agenda for Sustainable Development, progress toward many of its goals remains stalled. While some elements of the plan, such as rural electrification, have advanced, insufficient funding has impeded others. Nearly 3.5 billion people live in countries where governments spend more on interest payments than on healthcare or education—leaving little capacity to invest in sustainable development.

At the same time, according to the IMF, global environmental, social and governance (ESG) funds have largely avoided emerging markets. Even though these economies drove the bulk of global GDP growth over the past 10 years, they were allocated only about 6% of global ESG portfolios (Display).

This mismatch highlights a significant untapped opportunity. Blended finance offers a way to gather capital at scale, mobilizing both mainstream investors and those seeking impact. And it charts a path forward: expanding access to underserved markets and growth sectors while offering attractive potential risk-adjusted returns, typically in investment-grade packages.

But first, a quick word on taxonomy.

The Building Blocks of Blended Finance

Blended finance rests on three types of capital: public, philanthropic and private.

  • Public capital—such as development finance institutions, multilateral banks and government agencies—is usually the first mover. It provides commitments such as guarantees, subsidized loans, anchor investments and policy supports that reduce perceived risk for others.
  • Philanthropic capital—from foundations, donor funds or high-net-worth individuals—is often used to provide early grants, technical assistance or risk-absorbing funds that bridge gaps and unlock innovation. In some frameworks, it’s bundled with concessional forms of public finance under the label “catalytic” or “concessionary” capital. Here, concessional simply means that capital is provided on below-market terms. (In this article, we use “catalytic capital” to mean concessional public or philanthropic funding that accepts below-market economics or first-loss positions to de-risk projects so that private capital can provide the scale.)
  • Private capital—including institutional investors, banks and corporations—typically comes later, bringing scale and efficiency, along with an expectation of market-level returns. In some schematics, this is called “commercial” or “market-rate” capital.

Each of these buildings blocks plays a distinct role: public capital lays the foundation, philanthropic capital helps further de-risk projects and attract private capital, and private capital drives growth and market depth (Display). Combined in complementary ways, they can mobilize far more resources than any source could on its own.

Growing the Ecosystem: Coordinating Across the Capital Stack

Mobilizing capital at the scale required to close a US$4 trillion gap is no small task. Developing nations must secure financing on manageable terms that can also attract investors—requiring coordination among asset managers, development banks, sovereign governments, rating agencies, philanthropic foundations, insurers and nongovernmental organizations.

Attracting large, durable flows of private capital is especially difficult. Early co-creation among these stakeholders can help produce transparent structures that can be replicated. And catalytic resources brought into the riskiest stages of development can help turn early concepts into viable investment opportunities—building a stronger pipeline for private capital to follow.

A major step toward that kind of coordination came with the inaugural Impact and Blended Finance Conference, held earlier this year. Co-hosted by AllianceBernstein, Societe Generale and the Emerging Markets Investors Alliance, the event brought together stakeholders from across the capital stack and served as a model of buy- and sell-side partnership.

Growing the Ecosystem: Creating a Repository

At the conference, Boston Consulting Group and Societe Generale proposed creating a centralized repository to support blended-finance transactions. By aggregating data on funding availability by region, sector and instrument type, such a resource could streamline dealmaking, reduce transaction costs and increase transparency.

A centralized repository could be a major catalyst for expanding blended finance, helping investors deploy capital more efficiently and at greater scale. It could also make catalytic funding easier to access by reducing variability in eligibility, application and reporting requirements that too often slows projects down.

Growing the Ecosystem: Measuring Success

Scaling blended finance requires clear and consistent measures of success. Investors need to understand both the financial outcomes and the environmental or social impact of each transaction. Developing a common set of standards facilitates reliability and comparability. Such a rigorous approach helps reduce the risk of greenwashing—ensuring that capital is flowing to projects with demonstrable impact while also meeting investor economics. Over time, this kind of transparency builds confidence and encourages more investors to participate.

While stronger coordination, a centralized repository and clearer impact metrics are essential for scaling blended finance tomorrow, investors can already find tangible structures they can put capital into today.

Novel Tools for Sustainable Investment

Among the most visible applications of blended finance are innovative bond structures that channel capital directly into sustainability projects. Two examples—debt-for-nature swaps and outcome bonds—show how creative approaches can deliver both measurable impact and competitive returns.

Debt-for-nature swaps allow developing countries to reduce sovereign debt in exchange for investments in conservation. The structures are complex and require coordination among asset managers, multilateral development banks, sovereign governments and conservation organizations. But the benefits are threefold: for countries at risk of default, these arrangements are a cost-effective way of easing debt burdens; proceeds are directed toward critical projects such as protecting rainforests or safeguarding endangered species; and investors may purchase the bonds at attractive valuations.

One recent debt-for-nature swap not only helped conserve 60,000 square kilometers of Ecuadorian marine territory but also delivered yields higher than many US corporate bonds with comparable credit ratings.

Outcome bonds, like debt-for-nature swaps, fund sustainable development but often with more clearly defined goals. These bonds typically appeal to investors focused on a specific theme, such as restoring the population of black rhinos or reforesting the Amazon.

In some cases, coupon payments are adjusted based on project results—providing investors with both measurable impact and principal protection when issued or guaranteed by a highly rated development institution such as the World Bank.

Historically, outcome bonds have had higher yields than other assets of similar credit quality, and their impact is quantifiable: investors know precisely how many trees were planted, how much carbon was sequestered, or how may rhinos were conserved.

Turning Potential into Outcomes

For blended finance to achieve its promise, it must deliver both measurable impact and returns attractive enough to draw mainstream investors.

Catalytic capital plays a critical role in unlocking larger flows of private investment. When catalytic resources de-risk transactions, sustainability-linked instruments can advance global development priorities while also offering compelling returns to investors.

The challenge is vast, but so is the opportunity: blended finance gives investors a chance to participate at the start of a market poised for major growth.

The views expressed herein do not constitute research, investment advice or trade recommendations, do not necessarily represent the views of all AB portfolio-management teams and are subject to change over time.

Learn more about AB’s approach to responsibility here.

When it comes to global trade, time is money. For companies looking to expand in the Americas, DP World’s Special Economic Zone (SEZ) in the Dominican Republic offers a unique opportunity to move fast, scale quickly, and help shape an ecosystem designed for the future of logistics.

At the heart of this transformation is DP World’s $760 million investment to expand the Port of Caucedo and develop 225 hectares of integrated logistics and industrial infrastructure. For early movers, the advantages go beyond location – they extend to influence, incentives, and impact.

Proximity That Changes the Game

Imagine cutting weeks off shipping times. Goods from Caucedo can reach Miami in three days and New York in just five – an unrivaled advantage compared to Asian supply chains that can take several weeks. This speed-to-market capacity allows businesses to respond to shifting consumer demand, reduce inventory holding costs, and maintain leaner, more agile supply chains.

Shaping Infrastructure from the Start

Early adopters aren’t just leasing space; they’re helping set the standard for what this SEZ will become. With more than 120 new industrial buildings, multimodal transport links, and flexible warehousing options in development, first movers gain a seat at the table to influence infrastructure, services, and even sustainability practices that align with their operational needs.

Incentives That Multiply Over Time

The Dominican Republic already hosts more than 850 companies in its free trade zones, but demand continues to outpace availability. Those who secure early entry into the expanded SEZ will enjoy preferential trade incentives – including tariff-free access to U.S. markets under DR-CAFTA – as well as priority access to state-of-the-art facilities. The zone is projected to create up to 50,000 jobs and attract nearly $3.9 billion in foreign direct investment, amplifying its long-term ecosystem value.

Building Growth on ESG Principles

What sets this project apart is its ESG-driven foundation. From deploying electric equipment to supporting environmental protection initiatives along the coast, DP World is embedding sustainability into every phase of SEZ development. The company builds on a rich history of sustainable operations in Latin America spanning electrification, habitat restoration, and waste reuse. For early movers, this means operating in a zone that not only boosts efficiency but also enhances brand reputation with customers, investors, and regulators demanding more responsible trade.

Early Movers Define the Future

The global trend toward nearshoring and regionalization is reshaping supply chains, and the Dominican Republic is fast becoming a hub of choice for manufacturers and logistics providers. Companies that act now will do more than reap speed-to-market benefits—they will help define the region’s next-generation logistics ecosystem, gaining first-mover advantages that compound over time.

As global trade realigns, early movers in the Dominican Republic SEZ aren’t just entering a market. They’re helping to build one.

Learn more about DP World’s Dominican Republic SEZ here.

Complimentary Webinar

Elevating Food Safety: Strategic Planning for 2026

October 16, 2025 | 12 PM ET / 9 AM PT

REGISTER

As the year draws to a close, it’s an ideal time to reflect on your food safety journey and overall performance of the systems.

By evaluating key learnings and challenges from the past year, we can position ourselves to be more proactive, effective, and resilient in driving success into 2026.

Join SCS Global Services for a forward-thinking webinar designed to help food safety leaders evaluate performance, identify areas for improvement, and align their teams around mission-critical approach to ensure compliance.

This session will explore:

  • Tips to assess your current Food Safety Systems (BRCGS, SQF and others)
  • Ways to challenge the status quo to drive continuous improvement
  • Refine KPIs to better measure impact and progress
  • Food Safety Culture – Inspire your team to embrace innovation and accountability

Whether you’re looking to strengthen your food safety systems or build a roadmap for next-level performance, this webinar will provide actionable insights to help you lead your team with confidence.

REGISTER HERE FOR THE WEBINAR

By registering, you will get access to the webinar recording.

For inquiries, contact:

Shyama Devarajan 
Senior Marketing Analyst, SCS Global Services 
sdevarajan@scsglobalservices.com

Funding to Support Housing, Home Repairs and Small Business Loans as Hurricane Recovery Continues

ASHEVILLE, N.C., Sept. 23, 2025 /PRNewswire/ — As the Western North Carolina community continues its efforts to rebuild, Bank of America is announcing $12 million in zero-interest loans to Community Development Financial Institutions (CDFI) to support homeowner recovery  and small business assistance. The loans will be managed through three CDFIs integrally involved in the region’s disaster recovery efforts following the devastating impact of Hurricane Helene.

  • Self-Help Ventures Fund (SHVF) will receive $8 million to provide flexible home loans through its credit union network in the region and in partnership with other home lenders.
  • Mountain BizWorks will receive $2 million to provide low interest small business funding assistance loans with no principal repayments during for the first year; and
  • Partner Community Capital will receive $2 million to provide zero-percent interest loans for the first year focused on small business assistance.

“As we in Western North Carolina continue our long-term recovery, these disaster loan funds will make a meaningful difference in the lives of our families and business owners,” said David Dowd, president, Bank of America Asheville. “This is part of Bank of America’s continued commitment to keeping Western North Carolina strong. We encourage people to join us in being part of our region’s comeback story by visiting, supporting small businesses, and enjoying all that our beautiful mountains have to offer.” 

The funding builds on previous support Bank of America has provided to Western North Carolina through organizations helping families and small businesses, including: $1 million donation for immediate support to organizations providing hurricane relief in the southeast that included $200,000 in funding to both the Asheville Area Chamber of Commerce Foundation and Manna Food Bank. 

Bank employees have spent thousands of hours volunteering to assist with Hurricane Helene recovery.  In the initial weeks following Helene, nearly 500 bank teammates were on the ground across the Western North Carolina region completing more than 5,000 damage assessments for the American Red Cross, which allowed financial assistance to flow to families more quickly.  Additionally, bank volunteers partnered with Habitat for Humanity building tiny homes as well as rebuilding homes for families whose homes were destroyed, among other necessary activities.

Bank of America is the largest private CDFI investor in the U.S., with more than $2 billion in loans, deposits, capital grants and equity investments across more than 250 CDFI partners. Bank of America partners with CDFIs in all 50 states and the District of Columbia to fund projects that strengthen families, businesses and entire communities.

CDFIs helping to rebuild Western North Carolina
Self-Help Ventures Fund’s mission is to create economic opportunity for all. With a 34-year presence in Western North Carolina, SHVF operates an array of community development programs– that includes an affordable home loan secondary market purchasing program that has supported $1.4 billion in responsible home loans.

Mountain BizWorks aims to build a vibrant entrepreneurial community in Western North Carolina by helping entrepreneurs grow strategically and create jobs. Its WNC Strong: Helene Business Recovery Fund was created to provide rapid recovery loans to small businesses suffering economic losses related to the hurricane’s impacts. More than 700 recovery loans have been provided since the hurricane.

Partner Community Capital is committed to providing flexible capital and advisory services to small businesses, non-profits, and farms with a strong market presence in Western North Carolina. Alongside loans, Partner Community Capital connects its clients with valuable business advisory services aimed at empowering them to thrive. 

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
Catherine Page, Bank of America    
Phone: 1.704.519.7314
catherine.page@bofa.com

 

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SOURCE Bank of America Corporation

Images available on Futur/io Press Folder.

NEW YORK, September 23, 2025 /3BL/ – The names of the most important Chief Sustainability Officers of North America were announced at the Futur/io CSO Awards on Monday night. The celebration took place at a gala dinner at the newly opened and stunning vitra design showroom, during New York Climate Week.

Erik Hansen, Chief Sustainability Officer at Workday received the CSO Award /25 in Gold.

The Silver Award went to Jackie Jung, Vice President, Global Operations Strategy & Planning, Corporate Sustainability at Western Digital, while the Bronze Award was granted to Susan Uthayakumar, Chief Energy and Sustainability Officer of Prologis.

The Grand Jury also granted two Special Honour CSO Awards to Annika Dubrall from Tiffany & Co., and Ann Tracy from Colgate-Palmolive.

Ara Erickson from Weyerhaeuser received a special Sustainable Supply Chain Award presented by Simon Jaehnig, Co-Founder & President of IntegrityNext Inc.

The Peer Award, chosen by the live audience of the CSO Awards gala ceremony, went to Jennifer Motles, Chief Sustainability Officer at Philip Morris International, and was presented by jury members Livio Scalvini, Co-Founder and executive director of the Leonardo Centre on Business for Society at Imperial College London and Daniel Erasmus, Founder of ClimateGPT.

Among the speakers of the evening were Sandrine Dixson-Declève, of the Club of Rome, Magnus Drewelies, of CEEZER Software, Nina Eisenman, of NASDAQ, Raphael Gielgen, of vitra and jury members among others.

“Our mission is to shine a light on the role of Chief Sustainability Officers, we hope to inspire others to be ambitious and work on building the desirable futures we want to live in,” said Harald Neidhardt, CEO & Curator of the Futur/io Institute. “These years winners and 20 nominees are exemplary in their commitment towards keeping the pace needed to solve for the Sustainable Development Goals and higher ambition for NetZero, e.g. a goal of 2040 or better.”

In the three months of data collection and analysis, Futur/io and its partners recognized delay in reporting compared to 2024, and some companies even retracted their earlier reporting on sustainability. The business climate can be characterized by geopolitical headwinds, economic pressures and potential “greenhushing”. Also, the participation in our annual survey –that was sent to big name corporations you might expect as leaders in their field and missing among the 20 nominees – lacked support by some CSOs.

The final winners were selected from the 20 Nominees list by a Grand Jury that includes some of the most influential and inspiring voices in sustainability.

Members include John Elkington, known as “the Godfather of Sustainability”, Sandrine Dixson-Declève, honorary president of the Club of Rome, Michael Kobori, former Chief Sustainability Officer for Starbucks, and winner of the CSO Awards Gold in 2024. Additional members are Niyanta Spelman, CEO of Rainforest Partnership, and Nina Eisenman, Vice president at NASDAQ, and Vandinika Shukla, Deputy Director of Global Programs (USA Lead), Obama Foundation. The Chair of the Jury is Harald Neidhardt, CEO and Curator of the Futur/io Institute.

This is the second edition of the CSO Awards North America, an initiative of the Futur/io Institute, a pioneering organisation dedicated to nurturing and inspiring leadership in sustainable innovation and building the most impactful network of Chief Sustainability Officers globally. The European edition of the CSO Awards took place in Davos, parallel to the World Economic Forum Annual Meeting 2025.

The CSO Awards North America is a collaboration with partner Made in Sustainability, and supported by premium partner Integrity Next, together with scientific partner the Leonardo Centre on Business for Society at Imperial College Business School, knowledge partners Denominator, Rainforest Partnership, Climate GPT, and Economist Impact, and also Gold Partner CEEZER Software. The complete list of community partners and supporting brands is available online.

Award Winners 

Gold Award Winner – Erik Hansen 

Chief Sustainability Officer at Workday

 

Silver Award Winner – Jackie Jung

Global Operations Strategy & Planning, Corporate Sustainability of Western Digital

 

Bronze Award Winner – Susan Uthayakumar

Chief Energy and Sustainability Officer for Prologis

 

Special Honour – Annika Dubrall

President of The Tiffany & Co. Foundation / Director and Head of Sustainability – Tiffany & Co.

 

Special Honour – Ann Tracy

Chief Sustainability Officer – Colgate-Palmolive

 

Sustainable Supply Chain Award Winner – Ara Erickson

Vice President Corporate Sustainability – Weyerhaeuser

 

Peer Award Winner – Jennifer Motles

Chief Sustainability Officer at Philip Morris International

 

Awards Criteria 

The 20 CSO Awards North America Nominees have been drawn from the Top100 CSOs of North America 2025 list, compiled by Futur/io using an extensive database including all the major companies with a headquarter in the USA or Canada. The shortlist was defined using a four-quadrant model criteria, developed by Futur/io and scientific partner the Leonardo Centre on Business for Society at Imperial College Business School, and supported by knowledge partners Denominator, specialized in human-centric data, Rainforest Partnership, focused on biodiversity and ClimateGPT by Erasmus.ai adding a balanced public sentiment on the Top 100 CSOs.

The four quadrant model takes into consideration the maturity of corporate behaviours, regulatory performance on Environmental, Social, and Governance (ESG) and Sustainable Development Goals (SDG) criteria, net zero goals, environmental and human impact and also a self-assessment survey.

CSO Awards North America Grand Jury

  • Sandrine Dixson-Declève, co-president of the Club of Rome; Author & Chair of Earth4All
  • John Elkington, Founder & Chief Pollinator at Volans, known as “the Godfather of Sustainability”
  • Livio Scalvini, co-founder and executive director of the Leonardo Centre on Business for Society at Imperial College London
  • Vandinika Shukla, Deputy Director of Global Programs (USA Lead), Obama Foundation
  • Michael Kobori, former Chief Sustainability Officer for Starbucks, and winner of the CSO Awards Gold in 2024
  • Niyanta Spelman, CEO of Rainforest Partnership
  • Nina Eisenman, VP, Head of Sustainability Strategy & Reporting at NASDAQ
  • Daniel Erasmus, Chief Executive Officer, Erasmus.AI and Creator of ClimateGPT
  • Harald Neidhardt, CEO and Curator of the Futur/io Institute, as the Chair of the Grand Jury

About Futur/io Institute

We believe in co-creating desirable futures where ideas and innovation drive a regenerative economy that benefits people and the planet within the planetary boundaries.

The Futur/io Institute is a pioneering organisation to serve the most impactful network of Chief Sustainability Officers dedicated to transforming businesses to drive positive impact for people, planet and prosperity. We do this through publications, podcasts and convening at inspiring locations like Davos, Basel, Lisbon, Venice and New York.

With a mission to inspire ambition, action and cross-pollination to achieve the UN Sustainable Development Goals, the institute provides a platform for thought leaders, innovators, and change-makers to shape the futures of business and society.

Futur/io works with organisations like the UNFCCC or corporations in leadership training and curates Executive Programmes to inspire future leaders in sustainable innovation. Each year in Davos, the institute organizes executive receptions and recently debuted the annual CSO Awards to shine a light on the leadership role of Chief Sustainability Officers.

Futur/io is based in Hamburg and works as a think-tank with a selected international and diverse faculty of 100+ leaders in sustainability. The most recent book “Leadership for Sustainable Futures” was published in May 2024 with Murmann Publishers. CEO & Curator Harald Neidhardt hosts the CSO Impact Podcast.

futur.io

Additional Info

https://www.csoawards.org/north-america
Images of the winners, the jury and the ceremony are available in our Press Folder.

Media Contact

Luciana Prestes
Chief of Staff & Head of Marketing 
luciana@futur.io

Researcher Tim Laske was in Kenya’s Amboseli National Park when he felt the weight of time collapse.

Flanked by a troop of baboons and Cape buffalo grazing in the distance, he quietly walked the ancient landscape with the footsteps of his daughter, Noelle, beside him.

“It could have been a million years ago, walking across the savannas in the middle of wildlife,” said Tim Laske, vice president of research in the Cardiac Ablation Solutions Operating Unit at Medtronic. “It was surreal. To be able to do that together was amazing.”

The father-daughter duo has traversed continents — from the icy climates of North America, to the dense forests of Thailand, to the plains of Africa — in pursuit of something quiet and profound: understanding. As scientists with Medtronic, they implant heart monitors in vulnerable species to study stress and survival, blending cutting-edge technology with a reverence for the natural world.

At home in the wild

Tim has long marveled at nature.

As a teenager, his family visited the rugged, remote island of Isle Royale National Park in Michigan, where he learned of the Wolf-Moose Project, a long-standing effort to better understand interactions between the two species. He later was hired as a field assistant on the project and it unlocked a lifetime of close encounters with animals around the globe in the pursuit of science.

“I loved wildlife and the outdoors, I loved engineering and medicine,” Tim said. “And so it all worked out perfectly that I was able to combine the two.”

Noelle inherited the same adoration for the wild.

When his daughter was a little girl, Tim deliberately taught her about the woods near their home. Noelle was “fearless,” always bucking the trail to explore through the bushes, Tim said. He taught her how to use a compass, and together they named areas of the forest so that Noelle always had reference points.

“The more you learn about the plants and animals, the more the wilderness feels like a home,” Tim said.

Noelle accompanied Tim on his research projects, curling up with cubs while her dad checked on the hibernating bears in northern Minnesota he monitored, or to Isle Royale, where Tim tracked wolves and moose. She joked she “could sit and watch a moose drink water for four hours” and be content.

“Growing up, I always thought he was the coolest person ever,” said Noelle of her father. “He’s always been my role model.”

While Tim has two other daughters who are quick to hold bear cubs and wolf pups and love the outdoors, Noelle embraced the science of the research and over time evolved from an eager witness to her dad’s work to an active contributor. She now works as an associate clinical specialist in the Cardiac Rhythm Management Operating Unit at Medtronic. The opportunity to work closely with her dad isn’t lost on Noelle.

“These are experiences most father-daughter relationships don’t get to have,” Noelle said. “Traveling with him, learning so much, is really cool and it’s something that’s unique to us.”

Not all glitz and glamour 

Tim and Noelle’s work around the world may seem glamorous to an outsider, but seeing an animal in the wild — and oftentimes, they don’t — is the culmination of months of research and prep work, often grueling hikes, bugs, extreme temperatures and sometimes sleeping on floors and under tables in remote places.

Collaborations have included a partnership called The Rhythm of Life Project with the Smithsonian’s National Zoo and Conservation Biology Institute including the team’s recent work on giant anteaters, where Noelle previously spent two summers studying the behavior and physiology of maned wolves as an intern.

“We’re there as scientists to help,” Tim said of his work around the globe.

It’s part of our Mission to be good global citizens and provide good quality of life for both humans and animals on the planet, he said.

Tim publishes all learnings in scientific articles through his appointment as an adjunct assistant professor at the University of Minnesota.

What’s next 

The father-daughter pair has worked together on numerous species including grizzly bears, American black bears, gray wolves, mountain lions, clouded leopards, Indian elephants, scimitar-horned oryx, maned wolves, and baboons.

The research program is made possible by Medtronic volunteers working behind the scenes and hundreds of donated devices. The conservation work is entirely extracurricular, done beyond the confines of their regular jobs. But it’s worth it, said Noelle, whose favorite wild encounter involved an elephant wrapping its trunk around her waist.

“Anything we can do to help understand species and how they interact both in captivity, and also in the changing environments, is really the least we can do,” she said. “And the fact that I enjoy every second of it really helps.”

Read more: At the heart of giant anteater conservation is a medical device

  • 37 organizations including Isometric, Verra, South Pole, and Kita commit to continue supporting the adoption and development of the Carbon Data Open Protocol (CDOP) Version 1.0 
  • Open-source data schema for project location, details & approach addresses carbon market fragmentation
  • Developed in alignment with, and building upon, other data standardization initiatives, including the G20-led Common Carbon Credit Data Model (CCCDM), the CAD Trust, and the UNFCCC (relating to Article 6)

NEW YORK, Sept. 23, 2025 /PRNewswire/ — Today at Climate Week NYC a growing coalition of carbon market participants announced the release of Version 1.0 of the Carbon Data Open Protocol (CDOP) structure to help facilitate and scale carbon markets by standardizing rules and definitions that describe carbon crediting projects and carbon credits across markets, geographies and activity types. The new structure provides a collaborative, cross-industry schema for project location, project details, and project approach.

Today’s CDOP Version 1.0 structure, with its harmonized data schema, marks a critical breakthrough in addressing data fragmentation that has hindered the carbon market’s development into a mature, investable asset class capable of mobilizing the capital needed for global climate action. It is the first result of the international coalition of leading businesses, nonprofits and public sector organizations that launched in mid-March of this year, co-chaired by The Global Carbon Market Utility (GCMU), SylveraRMI, and S&P Global Commodity Insights.

Solving critical market fragmentation

Carbon credits are defined by complex attributes spanning project type, methodology, location, and vintage – variability that has resulted in dozens of incompatible data schemas across the market. This fragmentation results in inconsistent data quality, limited interoperability, and slows down the investment of crucial capital into the market. 

The CDOP Version 1.0 structure – starting with pre-issuance – provides standardized definitions for five foundational data categories: location; project details and approach; disclosures; and issuances, helping support technical alignment across registries, platforms, buyers, project developers, and institutional investors on these key data points where no or little common guidance had previously existed. Future iterations will cover the full lifecycle in terms of data categories, with the aim to bring in-depth technical guidance for implementing common data practices in various contexts.

“This is one of the most significant collaborative steps toward carbon market standardization we’ve seen to date,” said Nikodem Lacki, Data as a Product Head, S&P Global Commodity Insights. “Establishing common data foundations across voluntary and compliance markets, removes structural barriers that have prevented institutional capital from flowing efficiently into climate solutions.”

Built as a public good

CDOP Version 1.0 structure also marks a pivotal technical moment, where the CDOP’s Technical Working Group analyzed and harmonized – according to the CDOP Principles – more than 15 distinct data schemas submitted by market participants, identifying over 1,600 unique data fields under location alone. The resulting standardized structure captures the full complexity of carbon credit attributes while maintaining simplicity for implementation and has already been tested with real data by multiple committee members.

Unlike proprietary data solutions, CDOP is designed as an open-source public good. The complete structure, supporting documentation, and CDOP Principles are freely available online, to ensure broad accessibility and continued evolution. This approach reflects the coalition’s commitment to scaling carbon market integrity through basic infrastructure collaboration rather than competition.

“Carbon markets are too important to global climate goals to be hindered by data silos,” said Allister Furey, CEO, Sylvera. “By open sourcing these standards, we’re ensuring that innovation can build on a stable, shared foundation.”

To access the data schema, technical specifications and documentation, follow this link.

Global alignment and coordination

CDOP is designed to complement and strengthen existing carbon data initiatives, creating a coherent ecosystem of standardization. Specifically, CDOP recognizes and welcomes such as:

  • The G20-led Common Carbon Credit Data Model (CCCDM), as a common foundation on which market participants can build and innovate.
    • The G20 Sustainable Finance Working Group, the first multilateral policy forum to address carbon market data standardization – with its request that the Climate Data Steering Committee (CDSC), as its Lead Knowledge Partner, build a CCCDM to serve as a common foundation for data standardization across the carbon credit life cycle, for voluntary use by the public and private sector.
    • Building on the CCCDM’s fields, CDOP will progressively add layers of technical depth and rigor needed by sophisticated market participants – to ensure implementation readiness for registries, platforms, carbon credit rating agencies and institutional investors. Recognizing the need for data schema to evolve over time, over time, CDOP and CDSC will regularly engage to ensure ongoing alignment.
  • The Climate Action Data (CAD) Trust’s objectives of increasing transparency and accessibility in carbon markets. It aims to support its key role as a global public data infrastructure helping avoid double counting and support transparent accounting in line with the Paris Agreement. CDOP will embed its updated 2.0 schema into the first round of updates, providing a robust open-source baseline for global post-issuance data to support technical alignment. This is to increase data interoperability across systems and ultimately enable greater public access to standardized data and its use for increasing market integrity.

“Standardizing data in carbon credit markets is critical to scaling and unlocking their financing potential,” said Alice Carr, Managing Director of the Climate Data Steering Committee (CDSC) Secretariat. “We welcome CDOP’s efforts to build on the Common Carbon Credit Data Model (CCCDM), developed in support of this year’s G20 priorities, as a step toward greater technical alignment across the market.”

How to get involved in CDOP Version 1.0

 CDOP invites market participants to begin adopting the Version 1.0 structure and contributing to its continued development, especially those involved in data-heavy workflows. CDOP is intended to be an iterative and collaborative initiative, in which the schema will update over time, and will evolve with the data underpinning its use. To adopt, please view CDOP’s Version 1.0 structure, its data schema, adoption guidance and documentation here.

“This is just the beginning,” said Chris Canavan, CEO at GCMU. “The real impact comes from widespread adoption. We invite every carbon market participant to join this movement toward transparent, efficient, and scalable climate finance infrastructure.”

CDOP is supported by 54 leading organizations from the private, nonprofit, and public sectors. To find out more about CDOP and become a member, or submit your organization’s data schema to be included, visit the CDOP website.

“Transforming global systems requires market infrastructure that works at scale,” said Bonnie Lei, Principal, Climate Intelligence – Carbon Markets at RMI (founded as Rocky Mountain Institute). “CDOP represents exactly the kind of collaborative, market-driven solution needed to unlock capital flows for climate and clean energy projects worldwide. We’re enabling the efficiency that the market transition demands.”

SIGNATORIES:
AirCarbon Exchange
AlliedOffsets
Artio
BeZero Carbon
Biocare Projects Pty Ltd
BlueLayer Ltd
CarbonAI
Carbon HQ
CDR.fyi
Centigrade Inc.
Climate Impact X Pte. Ltd. (CIX)
Demia
EcoRegistry
Elimini
Equitable Earth
Evident
Global Blockchain Business Council (GBBC)
GCMU
Herzog Law Firm
Infrablocks Technologies
Isometric
Kana Earth
Kita
Klimate.co
Offstream
oneshot.earth inc.
Plan Vivo
Puro.Earth
Remove
Resilient LLP
Revalue
RMI
S&P Global Commodity Insights
South Pole
SustainCERT S.A.
Sylvera
Verra

MEDIA CONTACTS:
Benjamin Carr (Sylvera), benjamin.carr@mhpgroup.com
Monica Greco (GCMU), monica.greco@gcmu.net
Chris Potter (RMI), cpotter@rmi.org
Kathleen Tanzy (S&P Global Commodity Insights), kathleen.tanzy@spglobal.com 

About CDOP
The Carbon Data Open Protocol (CDOP) is a cross-industry, multi-stakeholder collaboration to standardize data describing carbon crediting projects and carbon credits across markets, geographies, and activity types.

More than 50 leading organizations have collectively endorsed the CDOP Principles for data, disclosure, and protocol governance, and have committed to integrating or evaluating CDOP’s standardized definitions for data on location, project details, and project approach into their own data models, as well as CDOP’s future expanded data structure. Their commitments are a testament to the collective recognition that shared data standards and practices are critical for scaling market trust, efficiency, and liquidity. 

About Sylvera
Sylvera, a leading provider of carbon ratings, tools and data, is on a mission to incentivize investment in real climate action. Global corporations, financial institutions, and governments rely on Sylvera to develop and execute their carbon credit strategies, drive measurable progress toward net zero goals, and optimize returns on investment. Co-founded in 2020 by Dr. Allister Furey and Sam Gill, the company is headquartered in London with additional offices in Belgrade, New York, and Singapore. To date, Sylvera has raised over $96 million from investors such as Balderton Capital, Index Ventures, Insight Partners, LocalGlobe, and Salesforce Ventures. 

About GCMU
The Global Carbon Market Utility (GCMU) is a public utility with a mission to transform the carbon market into a fully developed financial market. The GCMU serves as a central book of record, offering best-in-class financial market infrastructure and registry services. This infrastructure will enable financial intermediaries, like banks and insurance companies, to enter the market, provide project financing, and house risk for end-buyers. The GCMU was launched at COP27 in 2022. 

About RMI
RMI, founded as Rocky Mountain Institute, is an independent nonprofit founded in 1982 that transforms global energy systems through market-driven solutions to align with a 1.5°C future and secure a clean, prosperous, zero-carbon future for all. We work in the world’s most critical geographies and engage businesses, policymakers, communities, and NGOs to identify and scale energy system interventions that will cut greenhouse gas emissions at least 50% by 2030. RMI has offices in Basalt and Boulder, Colorado; New York City; Oakland, California; Washington, D.C.; and Beijing. 

About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value.  

We’re a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including leading benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights. S&P Global Commodity Insights maintains clear structural and operational separation between its price assessment activities and the other activities carried out by S&P Global Commodity Insights and the other business divisions of S&P Global.  

S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights

 

Cision View original content:https://www.prnewswire.com/news-releases/carbon-data-open-protocol-cdop-coalition-unveils-open-source-data-model-at-climate-week-nyc-to-facilitate-and-scale-carbon-markets-302563293.html

SOURCE S&P Global Commodity Insights; RMI; The Global Carbon Market Utility; Sylvera

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