Markets Insider (June 27)
“The banking crisis that unfolded earlier this year isn’t over, and banks could be hit with losses akin to what was seen in 2008 if the Federal Reserve doesn’t get inflation under control.” In its annual report, the Bank for International Settlements called attention to the “lasting ramifications of 2023’s bank failures, starting with the collapse of Silicon Valley Bank in early March.”
Tags: 2008, 2023, Annual report, Banking crisis, BIS, Collapse, Failures, Fed, Inflation, Losses, Ramifications, SVB, Unfolded
BBC (November 15)
Unilever unveiled its Sustainable Living Plan. With this business model, the company aims to double sales in 10 years while cutting the environmental impact of its products in half. The company will produce an annual report to document progress on these and other sustainability goals. Unilever’s Chief Executive Paul Polman said a sustainable model is “the only way to do business long term.” Rather than viewing sustainability as conflicting with business growth, he notes “there is a compelling case for sustainable growth—retailers and consumers demand it and it saves us money.” On top of that, “there is no way of arriving at a sustainable world that does not involve businesses making money.” The BBC notes that while many leading multinationals are reducing their environmental impact few “have made such concrete commitments on environmental policy as Unilever.”
Unilever unveiled its Sustainable Living Plan. With this business model, the company aims to double sales in 10 years while cutting the environmental impact of its products in half. The company will produce an annual report to document progress on these and other sustainability goals. Unilever’s Chief Executive Paul Polman said a sustainable model is “the only way to do business long term.” Rather than viewing sustainability as conflicting with business growth, he notes “there is a compelling case for sustainable growth—retailers and consumers demand it and it saves us money.” On top of that, “there is no way of arrive at a sustainable world that does not involve businesses making money.” The BBC notes that while many leading multinationals are reducing their environmental impact few “have made such concrete commitments on environmental policy as Unilever.”
Tags: Annual report, Environment, Sustainability, Unilever
