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Kate Wylie to step down as Mars global sustainability lead for new role at Chanel
Kate Wylie has confirmed plans to step down as Mars global vice-president for sustainability after more than 10 years at the food and beverage giant. She has been named as luxury fashion house Chanel s next global chief sustainability officer.
Wylie s career with Mars spanned more than a decade
Wylie joined Mars back in 2010, as the business’ global sustainability director. She was promoted to the global vice-president for sustainability in 2017.
Under Wylie’s tenure, Mars unveiled its flagship sustainability strategy ‘Sustainable in a Generation’, backed by $1bn of investment from the multinational. The original strategy was aligned with the Paris Agreement’s less ambitious 2C trajectory, so, in light of the updated climate science outlined by the IPCC in 2018, Mars developed a 1.5C-aligned update called ‘Pledge for Planet’.
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21 Jan, 2021 Author David FelibaRehan Ahmad
In the face of a sharp economic downturn spurred by a pandemic, 2020 was still a very good year for green bond issuances in Latin America.
The amount of funds raised in the region through the environmentally focused instruments totaled $7.82 billion, up 68.7% compared to 2019. And experts expect that growth to continue. Demand remains strong for 2021, for both use-of-proceeds green, social and sustainable bonds but also the newest ESG bond label, Sustainability-Linked Bonds. said Marilyn Ceci, global head of ESG Debt Capital Markets at J.P. Morgan.
Green bonds are the fastest-growing asset class globally, according to Sean Kidney, head of the Climate Bonds Initiative. While he acknowledged that growth continues to be a patchy story in Latin America, Kidney argued that the case has become stronger for regional countries looking to tap environmentally conscious inv
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Date: 27 May 2021