Today’s ESG Updates
- NVIDIA-Powered AI Reduces Ship Emissions: NVIDIA-backed startup Amphitrite has developed a system capable of optimising shipping routes.
- Tesco Adopts Carbon Profiling: Tesco aims to use a carbon tracking tool to improve carbon emissions across its seafood supply chain.
- Climate Fintech Zero launches banking app: Zero has publicly launched its sustainability-focused banking app with the GreenScore feature.
- Qatar’s $2.5 billion investment in sustainable development: Qatar has committed to sustainable development with a $2.5 billion green bond fund.
NVIDIA-powered AI models reduce shipping emissions and fuel usage
NVIDIA-backed startup Amphitrite has combined AI and satellite data to optimise shipping routes. The system predicts ocean conditions like currents and weather patterns to help ships optimise their routes for the most fuel efficiency. The system is also used for ocean litter cleanup operations to track plastic movement in the oceans. AI tools can be a useful asset for sustainable practices; see how businesses utilise AI solutions and get involved.
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Further reading: Amphitrite Rides AI Wave to Boost Maritime Shipping, Ocean Cleanup With Real-Time Weather Prediction and Simulation
Tesco deploys carbon tracking tool for seafood supply chain
Tesco aims to use the Seafood Carbon Emissions Profiling Tool (SCEPT) to track seafood supply chain emissions. The tool will help suppliers understand their carbon footprints, adjust their practices, and reduce carbon emissions. Tesco already has net-zero goals by 2050, with this tool being a large contributor to reaching said goals. Other companies have been successful in applying SCEPT, reducing the environmental impact of supply chains.
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Further reading: Tesco Adopts Carbon Profiling for Seafood Supply Chain
Climate fintech Zero publicly launches sustainable money app
Climate fintech Zero has publicly launched its sustainability-focused money app. Its highlight is a GreenScore feature, which measures a consumer’s sustainable spending. GreenScore scores the carbon footprint of every transaction against an index, allowing consumers to act on being more sustainable across daily transactions. Businesses looking to utilise scorecards and make an active change in sustainable practices can do so with the use of ESG solutions.
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Further Reading: Climate fintech start-up Zero publicly launches sustainable money app
Qatar invests in sustainable development with a $2.5 billion green bond fund
Qatar is pushing its sustainability commitment with a $2.5 billion green bond initiative targeted at advancing sustainable development. The bond will create new renewable energy projects, improve infrastructure and develop sustainable real estate. Lusail City leads the way for sustainable development within Qatar, incorporating AI to set a global standard for intelligent urban development. Businesses can become more sustainable for long-term development by using ESG tools.
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Further reading: Qatar Commits $2.5B Green Bond Fund to Renewable Energy, Low-Carbon Real Estate
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Venti Views
