Indonesia has become the site of the greatest environmental disaster of the 21st century. Since August, raging fires have enveloped the country in a film of smoke. Wildlife, including the iconic orangutan, has been displaced or burned alive, and one third of them are in serious danger in the islands of Sumatra and Borneo.
The World Federation of Exchanges (WFE) issued new guidance on sustainability disclosures. Thirty-three specific KPI's are included in the recommendations. Mindy Lubber, President of the advocacy organization Ceres, issued a statement on the WFE launch.
T. Rowe Price’s 2014 Corporate Social Responsibility Report describes the firm’s progress on its commitment to reduce environmental impact. Between 2010 and 2014, the firm cut landfill waste by 49%, expanded recycling by 79%, and reduced greenhouse gas emissions by 3%, all while the associate population grew 30%.
Today, Novo Nordisk was recognised as a Nordic leader for the quality of climate change related information that it has disclosed to investors and the global marketplace through CDP (Carbon Disclosure Project).
The Sustainability Accounting Standards Board (SASB) just announced a new credential for accountants charged with analyzing sustainability issues that impact the bottom line. “More and more companies are disclosing sustainability information. In 2011, only about 20 percent of S&P 500 companies produced a sustainability report, while in 2014 that number jumped to 75 percent.”
Baxter International Inc. (NYSE: BAX) has been recognized as a corporate sustainability leader for the 16th consecutive year as part of the Dow Jones Sustainability Index. The company also has advanced a variety of newly initiated corporate programs to provide young environmental scholars with practical experience, support crisis intervention and suicide prevention for young people, and offset greenhouse gas emissions associated with its air travel.
"Imagine the scenario. A large multinational with a secure market position, steady cash flows and a healthy balance sheet suddenly and unexpectedly gets news of a regulatory change that will have a significantly negative impact on its business. Almost overnight the company is forced to write off millions..."
Kering and BSR published a report today on tackling resilience to climate change in luxury fashion. The report is a first analysis of climate change and its consequences for the Luxury sector.
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Purpose 360 Podcast is a masterclass in unlocking the potential of social purpose to ignite business and social impact. Hosted by Carol Cone, CEO of...
