365 Companies and Investors Announce Support for EPA′s Clean Power Plan. “In an unprecedented show of business support for tackling climate change, 365 companies and investors sent letters today to more than two-dozen governors across the United States voicing their support for the Environmental Protection Agency′s Clean Power Plan for existing power plants and encouraging the state′s ’timely finalization’ of state implementation plans to meet the new standards… [Signatories include: General Mills, Mars Inc., Nestle, Staples, Unilever and VF Corporation.]”
[COMMENTARY] Actions like these from businesses of all sizes offer hope that Paris COP21 environmental conference might actually produce real carbon reduction agreements. Hitherto, business was acting as a retarding force to such agreements. So these actions really point in a very positive direction.
365 Companies and Investors Announce Support for EPA′s Clean Power Plan, press release, July 31, 2015, Ceres, USA.
SRI Investing Opens For 4.7 Million Government Workers. “For the first time, government workers and military personnel saving for retirement will have the option to invest in sustainable, responsible and impact investment funds, based on a vote this week by the Federal Retirement Thrift Investment Board. The board serves the government’s massive retirement system known as the Thrift Savings Plan or TSP.”
[COMMENTARY] It’s taken a long time, but finally, the US government is doing the right thing. There might well be an infusion of new funds into ethical investment products, providing further support for the sector.
SRI Investing Opens For 4.7 Million Government Workers, by Maureen Nevin Duffy, July 29, 2015, Financial Advisor, USA.
EIRIS Foundation Launches Database of Companies Doing Business in Occupied Lands. “Building on its 30-year history of providing free and objective information on ethical finance and corporate activity to the public, the EIRIS Foundation announced the release of a new online database of companies in Crimea and Palestine. For the first time, businesses, civil society, media and the investor community will have access to objective and comprehensive information about corporate operations in these two occupied territories.”
[COMMENTARY] This database will be welcomed by many — though controversial as well. South African apartheid was largely abolished through business disinvestment there. However, Crimea and Palestine are very different situations from that of South Africa in the 1980s and 1990s.
EIRIS Foundation Launches Database of Companies Doing Business in Occupied Lands, press release, July 16, 2015, EIRIS, UK.
Sustainability Initiatives Can Drive Corporate Revenue Growth And Innovation, New Research Shows. “Between 2010 and 2013, revenues from company-defined portfolios of sustainable products and services grew by 91 percent among the companies examined in the report. For S&P Global 100 companies that break out revenue for sustainable products or services separately, that revenue stream grew at six times the rate of overall company results.”
[COMMENTARY] Clearly, such growth is illustrating consumers’ desire for sustainable products and services. One needs look no further than McDonalds with their experimentation to find healthier and more environmentally friendly menu options. We are at the beginning of a new era where sustainability becomes uppermost in everyone’s mind and where companies are responding. Over time, this will be especially financially rewarding for ethical investors.
Sustainability Initiatives Can Drive Corporate Revenue Growth And Innovation, New Research Shows, press release, July 1 re July 14 webinar on subject, The Conference Board & The Investor Responsibility Research Center Institute (IRRC), USA.
‘Halo Effect′ of CSR Allows Companies to Get Away with Corruption. “A new study shows that companies with corporate social responsibility (CSR) programs tend to get more favorable court decisions on corruption cases completely unconnected to CSR – and that′s a problem…
Now, a study from Harrison Hong of Princeton University and Inessa Liskovich of the University of Texas found that this type of CSR, aimed at making a company look good, has the beneficial side-effect of making it more likely the company gets away with a crime, specifically, bribery as defined under the Foreign Corrupt Practices Act.”
[COMMENTARY] The writer of the article describing this study suggests it’s ultimately the consumer to decide who’s most ethical and thereby buy appropriately. What do you think? Should companies with good CSR receive easier sentences or fines, or, because of their out-front ethical standards be dealt with more harshly! Anyway, for companies that might have some shady things to hide, promoting CSR in their organizations might not only be good PR but ultimately less costly to their operations. Whatever is the case, it does promote CSR!
‘Halo Effect′ of CSR Allows Companies to Get Away with Corruption, by Nithin Coca, July 8, 2015, TriplePundit, USA.
Women Want Social Responsibility from Their Brands. “The demand for corporate social responsibility continues to sweep the brand marketplace. According to new research from Nielsen, corporate social responsibility is important as a benefit to positive branding efforts. We also know for your brand reputation positive press is key. What you may not realize, however, it is also critical to winning the hearts and minds of the coveted group of women consumers.”
[COMMENTARY] As per many studies and surveys, women are significantly more interested in CSR and SR-ethical products than men. Thus, they’re also more interested in SR-ethical investing.
Women Want Social Responsibility from Their Brands, by Colin Shaw, July 2, 2015, LinkedIn post, USA.
Who are the sustainability leaders? (GlobeScan) “Most would agree that some corporate giants have taken great strides toward sustainability in recent years. But experts in the field still cite too few companies doing so.
Instead, our latest GlobeScan/SustainAbility Leadership survey finds that experts believe that other non-governmental actors have been driving the sustainable development agenda since the United Nations Earth Summit in Rio in 1992. The business sector is not seen as the driver, with few exceptions.”
[COMMENTARY] This is a great article that provides much insight into who are the leading companies integrating sustainability into their operations, and what drives them to be a sustainability leader — all from the perspective of sustainability experts.
Who are the sustainability leaders? By Eric Whan, July 2, 2015, GreenBiz, USA.