More than 50 corporations, including Kraft Foods, IKEA, Ford, GE and SC Johnson, are measuring the greenhouse gas emissions of their products and entire supply chains with two new standards from the Greenhouse Gas Protocol Initiative.
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Suppliers are now expected by some of their global customers to demonstrate greenhouse gas emissions management, awareness and action, in order to maintain business relationships, a Carbon Disclosure Project (CDP) report shows.
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On behalf of the German Federal Environment Ministry and with participation of leading sustainable investors/analysts, who influence sustainable assets of c. Euro 2 trillion with offices in all important industrial countries, Dr. Axel Hesse (SD-M) has defined the three most important Sustainable Development Key Performance Indicators (SD-KPIs) for the business development of 68 industries in the next five years (according to the MSCI/S&P Global Industry Classification Standard, GICS).
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A recent survey of corporate sustainability leaders shows that while sustainability initiatives are seen as having significant strategic value to organizations, the reporting on these initiatives is challenging. The survey found that 72 percent of respondents believed that boards of directors place a high priority on sustainability and 74 percent say their organizations link their sustainability initiatives to company strategy. However, more than half of the respondents also said they thought measurement for the initiatives was lacking.
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CSR Europe, the European business network for corporate social responsibility (CSR), has released A Guide to CSR in Europe based on contributions by its national partner organisations across Europe.
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European companies are set to reduce their greenhouse gas emissions intensity by 2.2% per annum, with 84% of responding companies reporting emissions or energy reduction targets. There is strong evidence of considerable investment being made to cut emissions. 54 companies report planned investments totalling some €100 billion in the coming years, aimed at reducing carbon intensity. Among energy intensive sectors, Transportation and Utilities demonstrate both the largest financial commitment and the most aggressive reduction targets. The results were launched today in London at an event hosted by Bank of America Merrill Lynch, one of the Carbon Disclosure Project (CDP) global sponsors.
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Zimbabwe’s First Lady, Grace Mugabe, owns dairy farms that supply up to a million litres of milk a year to food giant Nestlé, according to London’s Sunday Telegraph.
The newspaper reports that Mugabe took over six of the country’s most valuable commercial farms around 2002.
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A new paper from SDialogue outlines the power of social media in effectively communicating with and engaging stakeholders at a time when they are demanding more authenticity and transparency from business.
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The economic recession has not put an end to corporate citizenship. Based on current economic conditions, 15 percent of companies are increasing their research and development for new sustainable products; 11 percent are increasing corporate citizenship marketing and communications; and 10 percent are increasing local and/or domestic sourcing or manufacturing, according to a new study from the Hitachi Foundation and the Boston College Center for Corporate Citizenship.
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A new report by Arthur D. Little urges businesses across all sectors to consider the cost of carbon when planning for long-term growth, or risk losing out to sustainability-savvy competitors and new emerging market players. In “Ensuring survival: Business models in a low carbon world,” the consultancy’s Energy and Sustainability practices argue that in 2009, the carbon agenda will leave no business untouched, through multiple direct and indirect routes – from brand recognition, to the cost-base, to investors’ perceptions of value.
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When David Roberts was growing up near the oilfields of West Texas in the early 1960s, it never got dark. Back then, oilfields were lit 24/7 by the gas flares used to burn off natural gas, a byproduct of oil drilling. The flares released massive amounts of CO2, and over time, oil companies halted that harmful practice in the U.S. But gas flares remain the norm in the developing world-and today Roberts oversees a team at Marathon Oil that’s trying to end the practice. In 2007, Marathon opened a $1.5 billion liquid-natural-gas plant in Equatorial Guinea to capture the natural gas that once went up in smoke. The plant is one factor that helped Marathon, No. 100 in NEWSWEEK’s Green Rankings, cut its CO2 emissions by 40 percent between 2004 and 2008-and the plant earns a profit.
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Allianz, Consolidated Edison, EMC, Reckitt Benckiser, Siemens along with BASF, Boeing and Cisco Systems were among the global corporations leading efforts to tackle climate change, according to this year’s Carbon Disclosure Project (CDP) Global 500* Report. The results were launched today in New York at an event hosted by Bank of America Merrill Lynch, one of CDP’s global sponsors.
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