New Metrics

The new and evolving metrics that are helping expand the way businesses create, quantify, manage and report their impacts, and the value they deliver.

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Cutting GHGs by 25% Among Carnival’s New 2020 Sustainability Goals

After meeting its initial goal a year ahead of schedule, Carnival Corporation has renewed its goal to reduce greenhouse gas emissions by 25 percent from its 2005 baseline by 2020, according to a recent announcement of the travel and leisure company’s 2020 sustainability goals.As part of the effort, the company and its 10 global brands have developed strategic energy reduction and conservation initiatives, many of which exceed current laws and regulations.

Report: Low-Carbon Cities a $17 Trillion Economic Opportunity

Investing in public and low emission transport, building efficiency, and waste management in cities could generate savings with a current value of $17 trillion by 2050, according to new research from the New Climate Economy, the flagship project of the Global Commission on the Economy and Climate.The report, Accelerating Low-Carbon Development in the World’s Cities, found that these low-carbon investments could also reduce greenhouse gas emissions by 3.7 gigatons of carbon dioxide equivalent (Gt CO2e) per year by 2030, more than the current annual emissions of India.

What Is the Payoff from Product Sustainability Investments?

Those of us in the field may share a deep-seated belief that sustainability efforts across the product value chain pay clear dividends — but it’s nice to have proof.

Beverage Industry Giants Release True Cost of Water Toolkit

The Beverage Industry Environmental Roundtable (BIER) — a technical coalition of leading global beverage companies working to advance environmental sustainability within the beverage sector - has leveraged its expertise to develop a user-friendly tool to help facilities better estimate their “true cost” of water. This interactive tool can help facilities within the beverage industry and beyond better determine direct costs associated with their most water- and resource-intensive processes.

Report: Climate Impacts Causing Billions in Economic Damage; El Niño Making It Worse

As El Niño continues to intensify in the coming months, it is expected that global drought losses will surpass the current forecast $8 billion in economic damage, according to a new report by Aon Benfield, the global reinsurance intermediary and capital advisor of risk management firm Aon.

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Yes, You Can Learn From a Regulator: The Pitfalls of Sustainable Business Metrics, Part 17

In 16 earlier parts of this series, Claire Sommer and I developed 29 pitfalls in the sustainable business metrics field, based on the experiences of many mostly non-business fields. (Find them here.) From this point on, the series will be co-authored by Dr. Jill Lipoti.

Citibank: Tackling Climate Change Would Create Positive ROI for the Global Economy

Taking action to mitigate climate change by investing in a low-carbon energy mix will save more money in the long run than inaction, even before accounting for savings from avoided climate damage costs, according to a new report by Citi Global Perspectives & Solutions (GPS), a division within Citibank.

SimaPro Share & Collect Software Facilitates Fast, Fact-Based Sustainability Decisions

Today, PRé Sustainability, a sustainability software and consultancy firm with 25 years’ experience as leading voice in life cycle management, life cycle assessment and sustainability metrics development, launches SimaPro Share & Collect, a web-based platform developed to facilitate fact-based sustainable decision-making in an efficient, time-saving manner.

At Last, a Business Case for CSR That Even Milton Friedman Could Love -- The Sustainability Effect!

Way back in 1962, Nobel Prize-winning economist Milton Friedman famously proclaimed, “… there is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits …” And while most of us in the CSR and sustainability worlds have tended to recoil in horror at those words, some of us have no less earnestly longed for a way to live up to them. Isn’t it possible, we’ve asked, for sustainability to be good for society, the environment and shareholder value, all at the same time? What better way to achieve sustainability in commerce, that is, than to disarm its most formidable foe - the presumed lack of a business case?

#BusinessCase: Ecolab, Trucost Expand Water Risk Monetizer to Include Revenue-at-Risk Assessment

Just in time for World Water Week, the Water Risk Monetizer, industry’s first publicly available financial modeling tool that enables businesses to factor current and future water risks into decision making, now provides users with insights into how water scarcity impacts revenue. The tool’s new assessment helps water-dependent businesses better understand the full value of water to their operations and identify revenue at risk based on current and projected water scarcity.

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The Implications of an Emerging Corporate Conscience for Sustainable Business Metrics: Part 16

In 15 earlier parts of this series, Claire Sommer and I developed 28 pitfalls in the sustainable business metrics field, based on the experiences of many mostly non-business fields. (Find them here.)

Introducing PEF: A Game-Changer in LCA

The Product Environmental Footprint (PEF) approach is a game-changing standard in LCA, with effects and ramifications that we are only just beginning to understand. That’s why PRé is devoting an article series to PEF, discussing it one aspect at a time.Today: How did PEF come about? And what are some of the lessons we have learned so far?

5 Evolving Reasons Every Business Should Care About #NewMetrics

If you are a regular or even semi-regular reader of Sustainable Brands, you are likely familiar with our New Metrics (#NewMetrics) events and publications.

The Implications of an Emerging Corporate Conscience for Business Metrics: Part 15

In 14 earlier parts of this series, Claire Sommer and I developed 26 pitfalls in the sustainable business metrics field, based on the experiences of many mostly non-business fields (Find them here.)

OK ... Now What? The Future of Natural Capital Accounting Metrics

Natural Capital Accounting (NCA) is an emerging methodology in the private sector, aimed at measuring the dependency and impact of companies on natural systems. NCA helps in quantifying the value of usually intangible assets from nature (such as water, pollination, etc). NCA allows mitigating risks but also identifies opportunities to reduce costs, innovate and become more resilient.

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UPS Halfway to Driving 1 Billion Miles With Clean Fuel Fleet By 2017

UPS logged 154 million miles in 2014 toward its goal of driving 1 billion miles with its alternative fuel and advanced technology fleet by the end of 2017 — an almost threefold increase from 2013, according to the company’s 13th annual Sustainability Report.To put this into perspective: it took 13 years for the company to drive the first 350 million miles with its alternative fuel and advanced technology fleet, but in just one year UPS was able to build dramatically on that number and is now more than halfway to its 2017 goal.

Carbon Trust Launches Water Footprint Certification Scheme

The Carbon Trust announced Monday it is piloting a new Water Footprint label and certification scheme. It is now inviting businesses to certify their water use assessments with the scheme, using the Water Footprint Network’s methodology or the ISO water footprint standard.

How Much Water to Make a Cup of Tea? The Importance of Product Water Footprinting for Businesses

Like most British people, I enjoy a nice cup of tea. And like most practitioners of life cycle assessment (a far smaller group), I’m very interested in understanding the full impact of the products I consume.So how much water goes into a cup of tea? Somewhere around 30 litres of water is required for tea itself, 10 litres for a small dash of milk and a further 6 litres for each teaspoon of sugar. This means that a simple cup of tea with milk and two sugars could actually require 52 litres of water – enough to fill my kettle more than 30 times.

Natural Capital Coalition Releases Stakeholder Feedback Report, Draft Protocol

The Natural Capital Coalition has released an extensive report on business expectations around the Natural Capital Protocol, its standardized framework for measuring impact and dependence on natural ecosystems. Due to be published next year, the Protocol will provide decision-making support to businesses in their risk-management processes, exploration of new revenue streams, and in product and value chain innovation.

How Do You Get Other Departments to Listen? Let Your Colleagues Run With Your Ideas

In the sustainability field, in contrast to other fields, it is the biggest possible compliment to no longer be needed in a discussion because your colleague in purchasing is already covering your topics. But how do you get your colleagues to not just listen to your ideas, but to consider them worth working towards?Ideally, your colleagues would not only acknowledge sustainability topics, but run with them. That tells you that something is changing. The companies making the biggest changes are those where everybody feels responsible — from the cleaning lady to the purchasing department. But how can you work towards this?

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