Equator Principles Celebrate Five Years of Positive Environmental Impact and Improved Business Practices

Sixty of the world’s leading financial institutions today mark the fifth anniversary of the Equator Principles (EPs), voluntary standards for financial institutions to manage environmental and social risk in their project finance transactions. The EPs have become the global standard for project finance and have transformed the funding of major projects globally. In 2007, of the US$74.6 billion total debt tracked in emerging markets, US$52.9 billion was subject to the EPs, representing about 71 per cent of total project finance debt in emerging market economies, according to Infrastructure Journal. ... lees meer

Carbon Disclosure Project announces findings in supply chain carbon emissions

The Carbon Disclosure Project (CDP), the world’s largest investor collaboration on climate change, with 385 institutional investors holding assets under management of US $57 trillion, today announced the first ever findings of its Supply Chain Leadership Collaboration. Cadbury Schweppes, Dell, HP, Imperial Tobacco, L’Oréal, Nestlé, PepsiCo UK & Ireland, Procter & Gamble, Reckitt Benckiser, Tesco and Unilever all work through CDP’s Supply Chain Leadership Collaboration to measure carbon risks and liabilities in the supply chain. ... lees meer

Global standard for beverage industry to measure and manage carbon emissions

The Carbon Action Plan (CAP), a global initiative to provide the beverage industry with a quick, accurate and flexible tool for measuring carbon footprints, was launched today at the InnoBev Global Soft Drinks Congress in Moscow. Beverage companies which take part in the CAP program for the measurement and independent verification of greenhouse gas (GHG) emissions will, for the first time, have a tool to monitor and manage carbon emissions along their entire supply chains. ... lees meer

New guide urges companies to take responsibility for their actions

A new guide has been published today, urging UK plc to recognise the impact of their actions on the three R’s – recruitment, retention and reputation. Calling on organisations to take corporate responsibility seriously, the guide encourages employers to look beyond statutory obligations. It also outlines how businesses should report on Corporate Responsibility. ... lees meer

UN Global Compact launches self assessment tool

The United Nations Global Compact launched the GLN OpenAccess tool, an interactive self-assessment tool to support Global Compact participants with the implementation of the ten principles as well as with the Communication on Progress. The GLN OpenAccess tool can assist companies to improve their understanding of how the management of social, environmental and governance issues impact the business and its stakeholders. ... lees meer

New European Commission funding programme on CSR

The European Commission (DG Enterprise and Industry) has announced a new funding programme entitled “Responsible Competitiveness: fostering CSR in European industrial sectors”. The overall objective of this call for proposals is to improve the CSR performance of European industry, thereby improving its contribution to sustainable development and enhancing its competitiveness. ... lees meer

Investors Want Companies to Disclose Climate Change-Related Impacts

U.S. investors filed nearly twice as many shareholder resolutions with companies that will likely encounter business impacts from climate change. There were 54 climate change-related resolutions filed in the 2008 proxy season that targeted companies in the electric power, oil, coal, aviation and construction businesses, according to Ceres, a coalition of investors, environmental groups and NGOs working with companies to address sustainability issues. ... lees meer

Green Is the New Gold

Aberdeen, a Harte-Hanks Company (NYSE: HHS), announced today upcoming findings from “The 2008 Aberdeen Report: State of the Market.” Over 4500 survey participants identified how their organizations are seeing the emergence of “Green” initiatives like never before fueled by social, ecological and economic implications. The increasing complexity of the global business environment, rising energy and transport costs, and mounting compliance challenges are driving a major focus on sustainability and green initiatives. Forty-seven percent (47%) of the 4,645 companies participating in the 2008 Aberdeen Report revealed that they already have green initiatives in place. Of these firms, 74% cite Corporate Social Responsibility (CSR) as the main driver for their green initiative and 52% of the surveyed audience identified competitive advantage as the second top pressure for having a green initiative (see chart). Overall, green initiatives ranked in the top eight corporate strategic goals for organizations in 2008. ... lees meer