Today, President Obama rejected the Keystone XL pipeline that would have connected Canada’s tar sands to refineries in Texas. The project became a symbol of the fight against climate change, making its rejection a huge victory for the “unprecedented coalition” of groups that came together to oppose it.In his announcement, the President said that he agrees with the State Department’s decision that the Keystone XL pipeline would not serve the country’s national interests, nor would it make a meaningful long-term contribution to the economy.
One of the highest standards for social and environmental responsibility in business, B Corp certification, was awarded to Fetzer Vineyards and praised by the U.S. Department of Labor last week. The certification developed by the non-profit B Lab now signifies over 1,400 responsibly run companies from 130 industries and 42 countries. The performance standards are comprehensive and transparent, and measure a company’s impact on all of its stakeholders, including workers, suppliers, community, and the environment.
Earlier this month, He Named Me Malala, the feature-length documentary on the inspiring story of Nobel Laureate and girls’ education activist Malala Yousafzai, opened in theatres across the U.S. and Canada. To accompany the release, her charity, the Malala Fund, launched a Stand #withMalala global campaign to encourage people to stand up and take action for education rights.
General Mills, IKEA and Best Buy are among the 81 companies to recently join the White House-led American Business Act on Climate Pledge, which sets significant greenhouse gas reduction and renewable energy sourcing goals for 2020 and beyond.The pledges focus on increasing energy efficiency, boosting low-carbon investing and making sustainability more accessible to low-income Americans.
Today, a group of some of the world’s biggest brands, retailers, NGOs and industry groups launch a Social and Labor Convergence Project, with the aim of improving working conditions in apparel manufacturing across the world.The group says the project seeks to achieve real, sustainable change through the collective development of an industry-wide, standardized methodology for social and labor performance assessment in apparel and footwear supply chains. Through this, the industry believes that it will be able to significantly reduce the amount of money that it spends on duplicated auditing and invest the money saved in improving social welfare for millions of people employed in apparel manufacturing around the world.
Climate risks currently aren’t top-of-mind for most mainstream investors, but the potential value at risk for investment portfolios is significant, according to a new report by Preventable Surprises, a business risk think tank.
Crowdfunding platform Kickstarter has announced it is reincorporating as a public benefit corporation, The New York Times reports, a legal designation that protects for-profit companies that want to do well and do good at the same time by affording them the freedom to pursue corporate purposes beyond maximizing profits.
A new publication called Salt, motivated by the hope that businesses will play a key role in shaping a better world, has released its first Top 100 Compassionate Leaders List."We want to shine a spotlight on businesses with a heart; those pioneers who are using their corporate power not only to generate profits, but to create a better world," said Salt publisher Stephen Vasconcellos-Sharpe.
California, Gov. Jerry Brown and Senate Democrats abandoned a 50 percent cut in petroleum use by 2030 that was a focal point of the state’s climate change policy, following an intense campaign against the mandate by the oil industry, The New York Times reports.The petroleum cut was meant to help reduce carbon emissions by 80 percent by 2050, using 1990 emission levels as a baseline.
It’s the moment we’ve all been waiting for: S&P Dow Jones Indices, one of the world’s leading providers of financial market indices, and RobecoSAM, the investment specialist focused exclusively on Sustainability Investing, today announced the results of the annual Dow Jones Sustainability Indices (“DJSI”) review.The components list for the DJSI will be published on the Sustainability Indices website on Monday, September 14, 2015. All changes are effective on Monday, September 21, 2015.
Rio de Janeiro has become the first city in the world to reach full compliance with the Compact of Mayors, a global coalition of city leaders dedicated to reducing their greenhouse gas (GHG) emissions, making urban communities more resilient to climate change and regularly reporting their progress publicly.Rio now has established a local GHG emission inventory using the Global Protocol for Community-scale GHG Emissions Inventory (GPC), the international “gold” standard for GHG emission reporting, according to a recent announcement. It also is the first Brazilian city to complete a study on climate vulnerabilities.
Around three-quarters of the carbon credits issued under Joint Implementation (JI) may actually have increased emissions by about 600 million metric tons, according to a new study by the Stockholm Environmental Institute (SEI).JI allows countries with emission reduction commitments under the Kyoto Protocol to generate Emission Reduction Units (ERUs) from carbon reduction projects and transfer them to other countries.
The Electronic Industry Citizenship Coalition (EICC), a nonprofit coalition of leading electronics companies dedicated to supply chain responsibility, on Wednesday announced the launch of a foreign migrant worker protection pilot program that aims to improve communications in electronics factories by providing workers with more effective ways to report issues related to social, environmental and ethical responsibility.The program, called “Suara Kita”, which is Malay for "Our Voice," will be piloted in Malaysia — given the sizable industry presence and large number of foreign workers there — from September 2015 through December 2016 with plans for it to be rolled out globally afterward.
After the Pope recently added a religious voice to the chorus of hundreds of business leaders, youth, subnational governments (and one boyband) calling on world leaders to take bold action on climate change, Islamic l
ClimateCare, which delivers corporate and government programs to protect the environment and improve people’s lives, today announced that it has received certification as one of the UK’s first Certified B Corporations.With an 18-year track record, ClimateCare claims it is living proof that commercial businesses can deliver positive impacts at scale. In the last seven years alone, the business has deployed $100 million to deliver measurable social and environmental outcomes for corporate and government clients.B Lab, the nonprofit that administers Certified B Corporation status, awarded ClimateCare a score of 141.4 points — well above the average of 97 points.
The latest quarterly sector research report from CDP ranks companies in one of the highest-emitting sectors — diversified chemicals — based on a number of emissions-related metrics which, in aggregate, could have a material impact on company performance. It reveals which companies in the sector are best prepared for the future in developing sustainable products, enhancing efficiency or addressing regulatory change across sector-specific environmental metrics.
Nestlé has opened a $50 million global research center dedicated to transforming the way the world consumes frozen and chilled foods.Located in in Solon, Ohio, the new 144,000 square foot Nestlé Research & Development Center will balance consumer-centered innovation with technology leadership.Although the center’s mission is to sustain global needs, its location in Ohio reflects the growth in size and complexity of Nestlé’s frozen and chilled foods businesses in the United States. That growth made an expanded and collaborative research and development effort necessary, the company said.
The Interfaith Center on Corporate Responsibility (ICCR), a coalition of 300 investors with assets under management of over $100 billion, along with Calvert Investments and Christian Brothers Investment Services, commend Congresswoman Carolyn Maloney (D-NY) and Congressman Chris Smith (R-NJ) for this week’s introduction of The Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 in the U.S. House of Representatives.
At a bilateral meeting with President Barack Obama in Washington, D.C. on Tuesday, Brazilian President Dilma Rousseff committed Brazil to an agreement for both countries to obtain up to 20 percent of their electricity from renewable power by 2030, The Guardian reports.In an effort to reduce carbon emissions and fight climate change, Brazil also committed to restoring close to 30 million acres (12 million hectares) of forest — an area the size of Pennsylvania.
Forest conservation firm Wildlife Works' factory in Kenya has become the first in Africa to be both carbon neutral and certified by Fair Trade USA.On the heels of this announcement, Wildlife Works is launching its first-ever carbon-neutral, Fair Trade-certified t-shirts, designed by fashion brand Threads 4 Thought (T4T). The clothing company will be contributing over $6,000 in Fair Trade premiums directly to Wildlife Works factory workers.