New report identifies seven factors companies must address in order to realize sustainable practices.
The World Business Council for Sustainable Development (WBCSD) has issued a new report that shows how open, transparent markets can drive sustainability. It also makes the business case for implementing sustainable practices. Entitled -Sustainability Through the Market: Seven Keys to Success”, the document outlines seven keys to successful implementation and illustrates the economic benefits of doing so with real-world case studies.
The report, four years in the making, was co-authored by Chad Holliday, CEO and Chairman of Dupont (ticker:DD) and current Chairman of the WBCSD, and John E. Pepper, Chairman of Procter & Gamble (PG). The two introduced the report last week during a luncheon at the U.N. headquarters in New York City.
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Public companies will come under increased pressure to focus on their impact on the environment following the announcement of a new policy by a leading UK fund manager.
Morley Fund Management, which manages Pounds 100bn of assets including the equivalent of 2.5 per cent of the UK stock market, will in future vote against top 100 companies’ annual accounts unless they include an environmental report.
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An update of the Global Reporting Iniative:
* Measurement Working Group Subgroups Take Shape
*Board of Directors Nominating *Committee Members Announced
*Thirty-one Companies Join Structured Feedback Process
*Site Selection Update
*GRI on the Road
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Numerous financial institutions have started installing environmental management systems. In ISO terms, such companies need to show continuous improvement of both their environmental management system and the environmental performance of their business processes. A better understanding of what and how is to be measured in financial institutions is therefore essential for performance assessment and reporting.
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FTSE announces today an innovative new family of indices named FTSE4Good, designed to be a first step towards setting a global standard in the fast growing area of socially responsible investment (SRI). FTSE4Good aims to increase awareness and acceptance of SRI amongst the international business community, and will also generate significant funds for UNICEF.
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**Major Guidelines Improvement Effort Launched The revision of the June 2000 first edition of the GRI’s Sustainability Reporting Guidelines is just getting under way. One key area of revision work is the performance section (Part C, Section 6) of the Guidelines. Work on this section is taking place through the Measurement Working Group (MWG). We […]
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The majority of London’s blue chip firms will not be eligible for inclusion in a series of ethically correct stock market indices that are being developed by FTSE, the index compiler.
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There is a real, positive pay-off from corporate triple bottom line programmes, according to SustainAbility’s new report for the United Nations. The report, Buried Treasure: Uncovering the business case for corporate sustainability, is based on international research and finds that a strategic focus on sustainable development is both significantly and positively aligned with mainstream business success.
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German research firm publishes a study on the social and environmental performance of international food corporations.
Consumer confidence in the food industry has been shaken by the controversy over genetically modified organisms (GMOs), as well as by scares such as e-coli poisoning and mad cow disease (bovine spongiform encephalopathy). Oekom Research AG, a corporate social research firm based in Munich, Germany, recently analyzed the social and environmental performance of some of the major multinational producers. While the wide range of scores on various criteria were not surprising, the lower-than-average overall score suggests the industry can do better.
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An environmental think tank and a socially responsible investment firm have joined forces to press corporations on reporting environmental risks. And they’ve called on the Securities and Exchange Commission for muscle.
The World Resources Institute and Calvert called on corporate managers recently to fully comply with government requirements on reporting their environmental risks, and asked the SEC to strengthen its enforcement of rules intended to protect investors.
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A new update from the Global Reporting Initiative (GRI), guidelines for sustainability reporting.
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Innovest Strategic Value Advisors, Inc. and Socialfunds.com have announced a joint marketing agreement to provide individual investors with access to corporate environmental performance research previously available only to the institutional marketplace. The research reports, now offered on www.socialfunds.com, utilize Innovest’s unique methodology of correlating corporate environmental performance with stock market performance.
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