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Banking Industry Should Address Climate Risk, Report Says

The banking industry has not successfully integrated climate change risk into its long-term strategic planning, or understood the implications for its business operations, according to a report by Boston Common Asset Management. The report, Financing Climate Change: Carbon Risk in the Banking Sector, warns investors may unwittingly be investing in … Read more »

HSBC Appoints Head of Climate Change Center

HSBC has appointed Zoe Knight as the new head of its Climate Change Centre of Excellence. Knight, the UK-headquartered bank’s former climate change strategist, will replace Nick Robins, who left the post earlier this year to lead a United Nations Environment Programme inquiry into developing a more environmentally sustainable global … Read more »

Integrated Reporting

IIRC Publishes Integrated Reporting Framework

The International Integrated Reporting Council (IIRC) has released its Integrated Reporting (IR) Framework, intended to accelerate the adoption of integrated reporting worldwide. The IR framework combines sustainability and financial data to provide a holistic view of the company and its ability to sustain value over the short, medium and long term. … Read more »

Investors to Unilever, General Mills, 38 Other Companies: Adopt Sustainable Palm Oil Policies

Unilever, Kellogg, Dunkin Donuts and General Mills are among the companies facing pressure from investors to adopt policies that would ensure palm oil development does not contribute to deforestation, development on peatlands, or human rights violations. In an effort coordinated by Green Century Capital Management, a coalition of institutional investors … Read more »

Investor Group Pressures Fossil Fuel Companies to Calculate Climate Risk

Investor Group Pressures Fossil Fuel Companies to Calculate Climate Risk

A group of 70 investors with more than $3 trillion of collective assets under management is pressuring fossil fuel companies to calculate the financial risks that climate change poses to their business plans. The investor campaign, called the Carbon Asset Risk initiative, sent letters to 45 of the world’s top … Read more »

IPCC Report: Rising Temps, Oceans Increase Firms’ Risks

IPCC Report: Rising Temps, Oceans Increase Firms’ Risks

Global warming is “unequivocal” and humans are turning up the heat — but more slowly since 1998, according to a report from the United Nations Intergovernmental Panel on Climate Change released today. Each of the last three decades has been warmer at the Earth’s surface than any previous decade since … Read more »

wind power

Investment Firms Call for More Carbon Accounting

Institutional investors should start measuring, disclosing and reducing greenhouse gas emissions associated with their investments and portfolios to reduce policy, regulatory and financial risks associated with these emissions, according to a briefing developed by the United Nations Environment Programme Finance Initiative (UNEP FI) and a group of investors including Allianz, … Read more »

Anglo American Named Top Sustainability Reporter

Mining group Anglo American, energy company Centrica and finance group HSBC Holdings have been named the European companies with the year’s best records of sustainability reporting, in an assessment by communications agency Radley Yeldar. The top five European reporters are rounded out with drinks company Diageo and technology firm Siemens, according to How Does … Read more »

Impact Investing ‘to Hit $9 Billion in 2013’

Impact Investing ‘to Hit $9 Billion in 2013’

Impact investing is expected to grow 12.5 percent to reach $9 billion in 2013, according to a survey released by JP Morgan and Global Impact Investing Network. The results, outlined in the Perspectives on Progress report, reveal expectations and perceptions of 99 impact investors who manage at least $10 million or … Read more »

‘Sustainability Leaders’ Revealed – But Most Firms Fall Short

‘Sustainability Leaders’ Revealed – But Most Firms Fall Short

While most large companies fall short of sustainability leadership, 10 including Ford, GE and Panasonic present best practices for other businesses to emulate, according to sustainability advisor Two Tomorrows. Less than a third of the largest companies scored over 70 percent, the threshold for “sustainability leadership” in the 2012 Tomorrow’s … Read more »

Rio+20: Pepsi, Coke, Levi Strauss to Set Water Efficiency Goals; Other Summit Business News

CEOs from The Coca-Cola Company, Pepsico, Levi Strauss & Co., Royal Dutch Shell, Unilever and 40 other international companies have agreed to set targets on their own water efficiency and wastewater management in factories and operations, and have called on governments attending the Rio+20 Earth Summit to make global water … Read more »