Tesla’s mega battery saves Australia $40 million in its first year
The 100-megawatt Hornsdale Power Reserve, which was designed by Tesla, has saved over $40 million AUD in annual maintenance costs to the electrical grid.
Business
This archive collects stories about businesses making measurable progress on social, environmental, and economic challenges. From small enterprises to global companies, these 661 articles highlight what the private sector is doing right — and what’s possible when profit and purpose align.
Kelloggs use rejected cornflakes to make beer in bid to cut down on food waste
Throw Away IPA’, made by Seven Bro7thers Brewery in Manchester, uses “upcycled” cornflakes which are too big, small or overcooked to go in a box of breakfast cereal as a proportion of the wheat grain which goes into the beer.
Volkswagen will launch its last gas-powered cars in 2026
Volkswagen’s strategy chief, Michael Jost, told attendees at the Handelsblatt automotive summit conference on Tuesday that the company will launch its last generation of gas-powered cars in 2026.
Shell becomes first energy company to link executive pay to carbon emissions
Royal Dutch Shell caved in to growing investor pressure over climate change, setting out plans to introduce industry-leading carbon emissions targets linked to executive pay.
Patagonia plans to donate $10 million saved from Trump tax cuts to environmental groups
Patagonia said this week that it will donate the $10 million it saved from recent tax cuts to environmental protection groups.
Enel plans to invest €10.6 billion in 11.6 GW of renewable energy
Italian energy giant Enel has announced its Strategic Plan for the next three years, which includes plans to invest €10.6 billion in new renewable energy capacity with plans to create an additional 11.6 gigawatts (GW).
Mondelez cuts ties with 12 palm oil suppliers, citing deforestation
The U.S.-based food giant Mondelez has cut ties with 12 palm oil suppliers, claiming they are engaged in deforestation practices and reasserting its goal of 100% transparency and sustainability.
BBC announces new Greener Broadcasting strategy
The broadcaster has set a number of sustainability goals to be completed by 2022. They aim to reduce carbon emissions by 24 per cent as well as operating a zero waste to landfill policy.
Apple, Amazon, Facebook and more than 50 other companies sign letter against Trump administration’s proposed gender definition changes
More than 50 companies representing over $2.4 trillion in annual revenue and almost 4.8 million employees have signed a letter in protest of Trump’s proposed transgender policy.
Plastic waste elimination pledge by 2025 attracts 250+ big firms
Some 250 big organisations have now pledged to eradicate plastic waste by 2025, including Coca Cola, H&M and L’Oreal, up from 40 in April.