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SRI funds 'failing to invest in companies that tackle climate change'
Socially responsible investment (SRI) and ethical funds are often failing to invest in companies that tackle climate change, according to a report by Holden & Partners. The independent financial advisor (IFA) assessed the top 10 holdings of all the SRI, ethical and environmental funds open to private investors in the UK. It cautions that few SRI or ethical funds invest heavily in companies specifically focused on tackling environmental problems such as climate change. Read more. (Source: Environmental Finance)
09 February 2008
The WWF supported by the Caisse d’Epargne's S'Miles programme
The customer loyalty programme of the French savings bank Groupe Caisse d’Epargne allows customers to collect points whenever they use their Caisse d’Epargne Visa card and then convert their S’Miles points into gifts or into a donation, an option offered by the bank as part of its Sustainable Development campaign. This option provides customers with a concrete way to support the “Access to Water” campaign pursued by the WWF by allowing a family living in Niger to enjoy long-term access to water for domestic consumption and agricultural use… Read more
09 February 2008
Climate a business issue, but action lacking - McKinsey report
Business leaders across the globe believe climate change is an important consideration, but few appear to have taken significant action to cut company greenhouse gas (GHG) emissions, Environmental Finance reports on the results of a survey by consultancy McKinsey.The survey found that 60% of executives believe climate change is important to consider as part of their companies’ strategy. Around a third of respondents say their companies place more emphasis on climate change than on most other global trends… Read more
08 February 2008
Two thirds of firms failing to green supply chains, survey says
Despite high profile initiatives from firms such as Wal-Mart and HP to limit the environmental impact of their supply chains, the majority of large firms still have no green supply chain policy in place, BusinessGreen reports. According to a new survey from management consultancy Bearing Point, almost two thirds of firms had taken no action to cut the environmental impact of their supply chain. Read more. (Source: BusinessGreen)
08 February 2008
Novartis India wins Pegasus award for corporate social responsibility
Novartis India received the Reader's Digest Pegasus CSR Gold Award in Mumbai on 12 December 2007. The award, in the "Contribution to individual welfare" category, recognizes the work the company has done in rehabilitating leprosy patients in India. The Pegasus CSR Awards distinguish outstanding work by socially conscious companies. Read more. (Source: CSRwire)
08 February 2008
London launches world's largest 'low-emission zone'
Trucks driving around the UK capital will be fined up to £200 per day if they are found to be over EU pollution standards in an attempt to improve the city's poor air quality. The initiative will be closely watched in Brussels as the Commission is currently considering action to 'green' transport in Europe's cities, EurActiv reports.Seventy towns and cities in eight European countries - including Norway, the Netherlands and Germany - already have or are planning low emission zones. London's scheme, covering a 1,577-square kilometre zone inhabited by 7… Read more
07 February 2008
Business travel industry and clients embrace environmental awareness
In just over two years since the Association of Corporate Travel Executives (ACTE) introduced Corporate Social Responsibility as a major industry initiative, the number of travellers and companies embracing environmental awareness has more than doubled, according to a new industry-wide survey. The joint ACTE/KDS survey indicates that 59 percent of respondents’ companies now have a CSR charter. The same percentage of their travellers (59%) looks to these charters in making environmentally sound travel decisions… Read more
07 February 2008
HP recycled over 110 million kilograms of products in 2007; 50% more than in 2006
HP has announced it recycled over 110 million kilograms of hardware and print cartridges globally in the 2007 fiscal year – an increase of 50 percent on the previous year and the equivalent to almost 400 Airbus A380s. HP also refurbished almost 29 million kilograms of hardware for resale or donation, increasing its annual reuse rate by 30 percent. In 2007, HP surpassed its goal of recycling half a billion kilograms (1 billion pounds) of its products and is well on its way to reaching its new goal of recovering a cumulative weight of 0… Read more
07 February 2008
Companies see volunteering as a benefit
As more employees see volunteer work as a way to learn new skills or move their careers forward, volunteering has become a sort of corporate benefit, AP reports. Companies are increasingly offering time off for volunteer projects, volunteer work on company time or company-organised efforts. One major attraction for companies is the chance to align their employee volunteer programmes with the objective of their business, says Jen Kim Field, director of VolunteerMatch Corporate Solutions. VolunteerMatch, an online database that pairs volunteers and nonprofits, now has roughly 70 corporate clients, up from 30 in 2005 and 47 in 2006… Read more
06 February 2008
Leading Wall Street banks establish The Carbon Principles
Three of the world's leading financial institutions have announced the formation of The Carbon Principles, climate change guidelines for advisors and lenders to power companies in the United States. This effort is the first time a group of banks has come together and consulted with power companies and environmental groups to develop a process for understanding carbon risk around power sector investments needed to meet future economic growth and the needs of consumers for reliable and affordable energy… Read more
05 February 2008
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