CSR Minute: McGraw-Hill to Build Largest, Privately-Owned Solar Power Plant; BT, Ikea, Google, + 70 Other Global Companies Petition European Union to Reduce CO2 Emissions Levels

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CSR Minute: McGraw-Hill to Build Largest, Privately-Owned Solar Power Plant; BT, Ikea, Google, + 70 Other Global Companies Petition European Union to Reduce CO2 Emissions Levels

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The CSR Minute is your daily video digest of the most relevant Corporate Social Responsible news of the day. Our team of 3BL Media correspondents tracks the global world of corporate social responsibility to bring you coverage of the most important announcements, initiatives, issues, trends, ideas, and breaking news.

Tuesday, June 21, 2011 - 10:18am

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McGraw-Hill has announced plans to build the largest, privately-owned solar project in the Western Hemisphere. The 14 megawatt system will offset the need for other energy sources to power the company’s offices in East Windsor, New Jersey, including its expanding data center. The clean, renewable energy will also reduce an estimated 10 percent of McGraw-Hill’s annual global carbon emissions and lower its long-term electricity costs.

More than 70 companies have signed a joint declaration asking the European Union to reduce its CO2 emissions by 30 percent below 1990 levels by 2020. That’s a higher target than the 27-nation Union’s existing goal of a 20 percent reduction. The companies, including BT, Ikea, Google, Phillips, Puma, Swiss Re, and Unilever, say that the higher target will encourage investment, speed up the transition to a low-carbon economy, and create millions of new jobs.

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Video source: CSR Minute: McGraw-Hill to Build Largest, Privately-Owned Solar Power Plant; BT, Ikea, Google, + 70 Other Global Companies Petition European Union to Reduce CO2 Emissions Levels

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CONTENT: Press Release