Ending Wall Street's Big Sleep on Sustainability

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Ending Wall Street's Big Sleep on Sustainability

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.@CeresNews President Mindy Lubber on Ending Wall Street's Big Sleep on #Sustainability http://3bl.me/8dnsdb on @Forbes #GE @GeneralElectric

Summary

Ceres President Mindy Lubber explains for Forbes that although investors are ramping up their attention to sustainability, they still lag behind many corporations. GE's Ecomagination program is cited as a prime example.

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Friday, February 10, 2012 - 9:00am

Companies often point to investors as a reason why they’re not doing more on sustainability.  “We’d like to do more … but mainstream investors just don’t care about it,” is the common refrain according to a survey by Accenture on CEO attitudes.

That’s starting to change. At a recent Wall Street meeting of 100 investor members of the $10 trillion Investors Network on Climate Risk sustainability leadership was the buzz.

“The theme of the day is how to move from warm words to action, to the realm of the practical,” exhorted CalPERS Senior Portfolio Manager and Head of Corporate Governance, Anne Simpson. “Going to meetings and signing on to letters isn’t going to do anything unless we move the money.”

...

“There’s this theory that you have to pick one: economics or environmental performance,” said Mark Vachon, vice president of GE’secomagination. “That’s nonsense. Innovation is the way you can have both. Companies that don’t get this, really risk becoming irrelevant to the marketplace.”

To read the full article, please click here.

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