Investors of every stripe are increasingly using Environmental, Social and Governance (ESG) data to design their portfolios. While pension funds, insurance companies and sovereign wealth funds have led early ESG integration, mainstream banks are following suit with significant commitments to sustainable finance. Last month, several prominent banks announced programs that indicate the further maturation of global environmental finance and the Green Bond market.
The Association of Climate Change Officers (ACCO) has announced its first professional certificate under the CCO Certification program.The Climate Governance Certificate provides a recognized credential to professionals who have developed the competencies and knowledge to integrate an understanding of climate change and related implications into their decision-making.
Apple, Google and Berkshire Hathaway are the world’s most highly regarded companies, according to a new ranking by Fortune magazine.Amazon, Starbucks, Disney, Southwest Airlines, American Express, General Electric (GE) and Coca-Cola rounded out the top ten.
As the European Commission (EC) prepares its new five-year strategy for Corporate Social Responsibility (CSR), delegates at their Multi-Stakeholder Forum on CSR on 3rd and 4th February urged the EC to pick up the pace. Given that this 2015–2020 strategy is still in the making, they have a point.The forum attracted over 450 delegates interested in shaping the EC’s future CSR strategy, many of whom see the formulation of the strategy as a key mechanism to drive innovation, competitiveness and growth for Europe, whilst furthering sustainability goals.
Citi announced a commitment to lend, invest and facilitate a total of $100 billion within the next 10 years to finance activities that reduce the impacts of climate change and create environmental solutions that benefit people and communities. Citi's previous $50 billion goal was met three years early in 2013.
A new cooperative venture at Arizona State University aims to make ASU a key academic hub for the emerging discipline of biomimicry.
Since Janine Benyus first observed and named the field in her 1997 book, Biomimicry: Innovation Inspired by Nature, designers, engineers, businesses and other innovators have increasingly turned to nature in search of inspired ideas.
If there is one aspect of coaching executive leaders that few truly understand well, it is the nature of humility. If you have been born and bred as an alpha-adult - commanding, controlling, dominating - and this is your leadership style, the very word itself can be perceived as a form of weakness, an undesirable quality in a world where lunch is for wimps.Fine, but for those who have this attitude, there are massive returns on investment for both the individual and their businesses that stand there screaming, while the executive hears and sees nothing.
IKEA sold more than €1 billion ($1.13 billion) of sustainable products in 2014, a 58 percent increase over the previous year, according to the company’s new sustainability report.These products enable people to save or generate energy, reduce water use, cut waste and live healthier lives, the company says.
Sonoma County Winegrape Commission, also known as Sonoma County Winegrowers (SCW), has created a 100-year business plan to preserve agriculture in Sonoma County well into the 22nd century.
The time period of 100 years was chosen because it represents two generations before and the next two future generations — spanning from grandparents to grandchildren. The plan addresses such issues as innovation and research, natural resources, the regulatory environment, community engagement and marketing while building coalitions throughout the community in support of sustaining agriculture in Sonoma County in the long term.
The UN Global Compact expelled 372 companies in the second half of 2014 for failure to communicate progress for at least two consecutive years, bringing the total number of expelled companies in 2014 to 657.These expelled companies represent 10 percent of the 3,760 participants due to submit a Communication on Progress (COP) within the second half of 2014. A total of 197 companies achieved the GC Advanced level, reflecting an increased commitment to transparency and accountability.The number of companies joining the UN Global Compact continues to exceed the number of expulsions, with 729 companies from around the world joining the initiative from July through December 2014.
CH2M Hill and Tetra Tech lead the global environmental consultancy market for the second consecutive year, which saw a 0.8 percent decrease to stand at $28.7 billion in 2013, according to new research by Environment Analyst.
Twenty-two million people were displaced by extreme weather events in 2013, three times more than the number displaced by war, according to the Internal Displacement Monitoring Centre (IDMC), as reported by Reuters. To put this in perspective, in the early 1970s the total number of people displaced by extreme weather events was only about 10 million.Rising sea levels, as well as extreme weather and natural disasters such as heatwaves, floods and droughts linked to global warming are likely to force millions of people to move, with many never able to return.
UK grocery giant Sainsbury’s has announced that 95 percent of the palm oil used in its own-brand products is now certified as sustainably sourced. The supermarket revealed this statistic late last month, on the day it also became the first UK retailer to launch a dishwashing liquid made with palm oil certified as sustainable by mass balance analysis.
Danish pharmaceutical firm Novo Nordisk has opened its eleventh Diabetes Support Center, improving access to affordable diabetes treatment in some of the largest cities in Ghana and Nigeria.The new Diabetes Support Center at Holy Family Hospital in Nkawkaw, Ghana will provide insulin and glucose testing equipment at a reduced cost, access to trained healthcare professionals and free diabetes screening for the general public. The centers are part of the company’s Base of the Pyramid project to help improve diabetes care and lessen the financial burden of diabetes treatment for low-income groups.
For the first time in over a decade, the majority of executives anticipate resources for every corporate citizenship dimension to increase over the next three years, according to a new report from The Carroll School of Management Center for Corporate Citizenship at Boston College.
German power and gas giant E.ON has announced it will now focus on renewables, distribution networks and customer solutions, and spin off its conventional generation, global energy trading, and exploration and production businesses into a new, independent company (“New Company”), a majority of which will be spun off to E.ON SE shareholders.“I’m pleased that the Supervisory Board unanimously approved the Board of Management’s proposed new strategy, which will give our employees and our investors clear prospects in two strong companies that are viable for the future,” E.ON Supervisory Board Chairman Werner Wenning said.
Today is #GivingTuesday, a day dedicated to charitable giving, harnessing the power of social media and the generosity of people around the world to bring about real change in their communities. In the spirit of the day, The Salesforce Foundation, Atlassian and Entrepreneurs Foundation of Colorado announced the Pledge 1% program, setting a target of securing 500 pledges by #GivingTuesday 2015.The program is the result of corporate social responsibility leaders coming together to encourage and challenge their peers to pledge 1% of their company’s equity, product and employee time for their communities.
The American Sustainable Business Council’s (ASBC) third annual summit Nov. 13 and 14 in Washington, D.C. brought together 150 entrepreneurs, business leaders, investors and elected officials to discuss the state of play—and possibilities—for policies that advance a sustainable economy.Founded in 2009, ASBC is a national business advocacy policy organization representing over 200,000 businesses across the nation. ASBC works on a wide range of policy issues at the federal and state level, working to advance a sustainable economy by shifting markets and policies. ASBC raises up the voice, presence and power of business to create jobs, grow business and build a sustainable US economy.
General Mills released a new water policy this week that factors water risk considerations into business decisions, including where to locate new facilities. A primary aim is to improve the health of watersheds—particularly those critical to the company’s business.Last night at The Nature Conservancy (TNC) Global Water Summit, General Mills chairman and CEO Ken Powell spoke about the company’s efforts to conserve and protect global water resources critical to the business. He shared the company’s journey of “über-collaboration” with stakeholders to improve the health of watersheds and announced significant steps the company is taking to ensure freshwater for future generations.