It's time once again for the Sustainable Brands Innovation Open (SBIO) — our annual competition for startups that positively impact people, planet and profit, sponsored by Target — and we’re excited about our 11 semi-finalists in what has been our most competitive selection process yet. This year, we have startups poised to revolutionize several industries, from natural body care products to responsible mineral mining, to repurposing previously wasted food and clothing.
This week, Procter & Gamble published its 16th annual sustainability report, which reveals how the CPG giant made far-reaching — and as it turns out, lucrative — improvements to its global operations years ahead of schedule.
The second day of SB '14 San Diego kicked off with a morning full of inspirational plenary presentations examining how we can reimagine business to become a positive global force.Gil Friend, Chief Sustainability Officer at City of Palo Alto, gave the opening remarks, reminding attendees of how the US transformed itself during the Second World War to respond to problems that would not wait. Friend suggested that the several social and environmental issues currently afflicting our planet represent a call to action to transform our economy just like our forebears did.
Economic losses caused by natural disasters have been underestimated by at least 50 percent and are “out of control,” according to U.N. Secretary-General Ban Ki-Moon during last week’s launch of a UN report on the business case for disaster risk reduction.
With a number of greenhouse gas (GHG) regulations emerging — including California’s AB32 — many companies are beginning to develop internal departments and strategies to manage the risk of impending climate regulation. Looking at emissions reductions solely from a risk-management perspective, however, can cost companies the opportunity to realize additional business value from their investments.
Emerging compliance markets
Seventy percent of companies believe climate change has the potential to affect their revenue significantly, a risk which is intensified by a chasm between the sustainable business practices of multinational corporations and their suppliers, according to research published today by the Carbon Disclosure Project (CDP) and Accenture.