Environment / Climate change
Climate Scientist Joins Exxon Board (02/03)
The oil and gas giant responds to years of shareowner action by appointing atmospheric scientist Susan Avery to its board of directors.
Investors Challenge Mutual Funds on Proxy Voting (01/20)
Sustainable investment firms respond to update by Ceres by pressuring mutual funds on their proxy voting records relating to climate change. Second in a two-part series.
Many Large Mutual Funds Continue Failure to Address Climate Change (01/07)
Ceres updates its annual report on voting climate-related resolutions by mutual funds, noting that several PRI signatories failed to support a single resolution in 2016. First in a two-part series.
SEC Urged to Strengthen ESG Reporting Requirements (08/12)
Ceres organizes an investor coalition calling for regulations to strengthen corporate climate reporting, while US SIF and ICCR issue a joint press release urging mandatory sustainability reporting.
After the Conventions (07/30)
While it seems implausible that investors concerned with environmental and social justice will vote for Donald Trump, some of the positions take by Hillary Clinton during her years of public service merit scrutiny.
Major Pension Funds Still Funding Deforestation (07/29)
Friends of the Earth and As You Sow create a free online database to help educate individual investors about which retirement funds continue to invest in companies engaged in deforestation for palm oil production.
Are Big Banks Ignoring Paris Climate Agreement? (07/07)
The seventh edition of the Fossil Fuel Finance Report Card reveals that while some progress has been made in exiting the financing of coal mining, global financial institutions are lagging badly in other extreme fossil fuels and human rights.
Institutional Investors Support Increase in Solar Deployment (04/29)
The Green Infrastructure Investment Coalition, launched during the COP21 negotiations, now counts over $60 trillion in assets under management supporting a trillion dollar investment in solar.
Despite Climate Commitments, World Bank Still Funding Fossil Fuels (04/22)
Oil Change International reports that the World Bank Group's investments in fossil fuel exploration actually increased in 2015, to $313 million.
Investors Win Battles for Shareowner Votes on Climate at Exxon (04/01)
Resolutions addressing the moral imperative of limiting climate change and the manner in which the company reports oil reserves replacement will appear on proxy ballot following SEC decision.
ICCR Publishes 2016 Proxy Voting Guide (02/25)
Members of the faith-based investor organization have filed 257 shareowner resolutions thus far this proxy season, with climate change and corporate political expenditures receiving the most attention.
Obama to Propose New Fee on Oil (02/05)
Citing the opportunities in addressing climate change, the President's budget proposal will include a $10 per barrel fee on oil that will be used to build a sustainable national transportation infrastructure.
Exxon Opts for Business as Usual on Climate Change (02/03)
The oil and gas giant challenges a shareowner resolution from Interfaith Center on Corporate Responsibility members, requesting that it commit to global temperature increase limits.
After a Successful Proxy Season, Walden Asset Management Sets Sights on 2016 (01/27)
The sustainable investment firm reports on its shareowner action during the 2015 proxy season, and begins 2016 with resolutions addressing corporate climate change lobbying and emissions reporting.
Ceres Launches Online Database of Corporate SEC Filings on Climate Change (01/22)
The organization collaborates with CookESG Research to provide an online tool for searching corporate filings with the Securities and Exchange Commission on carbon asset risks and other sustainability factors. Third in a three-part series.
In Wake of COP21, Shareowners Challenge Corporate Lobbying on Climate (01/16)
A shareowner initiative coordinated by Walden Asset Management requests that fossil fuel companies disclose lobbying activities and review public policy advocacy on energy policy and climate change. Second in a three-part series.
Sustainable Investors Respond to Climate Pact (01/15)
With COP21 Climate Conference in Paris ending with agreement intended to keep global temperature increase below two degrees Celsius, investors envision portfolios focused on renewable energy. First in a three-part series.
Resolution on Climate Change Will Be on Franklin Templeton's Proxy Ballot (12/10)
A proposal submitted by Zevin Asset Management, requesting that the mutual fund company “assess any incongruities” in its proxy voting practices relating to climate change, is allowed onto proxy ballot by the SEC.
Scientists Join Call for Exxon Investigation (11/19)
In the wake of reports detailing the oil giant's duplicity on climate change, the Union of Concerned Scientists join legislators and others in urging a Department of Justice investigation.
NGOs Urge Green Climate Fund to Deny Accreditation to Scandal-Plagued Banks (11/14)
HSBC and Crédit Agricole finance environmentally destructive projects and rank at the bottom of major banks in implementing the UN Guiding Principles on Business and Human Rights. Second in a two-part series.
First Investments Approved by Green Climate Fund (11/13)
Eight climate change mitigation or adaptation projects—three in Africa, three in Asia-Pacific, and two in Latin America—mark the end of the Green Climate Fund's two-year launch period and the beginning of providing financing to developing nations. First in a two-part series.
Bank Financing of Fossil Fuels Dwarfs that of Renewables (11/10)
A new study by Fair Finance Guide and BankTrack reveals that since 2009, investment in fossil fuels by 75 of the world's largest financial institutions is more than nine times greater than investment in renewable energy.
Banks Still Failing to Incorporate Climate Risks in Lending (11/05)
A year after Boston Common Asset Management organized an investor initiative, major global banks continue to fail to account for greenhouse gas emissions in their lending and underwriting portfolios.
Skepticism Greets Oil Industry Statement on Climate Change (10/21)
Even before member companies of the Oil and Gas Climate initiative issued a statement supporting a climate deal in Paris in December, the Union of Concerned Scientists question the extent of the industry's commitment.
Justice Department Urged to Investigate Exxon (10/19)
After two reports identify research into global warming by the oil giant as far back as the 1970s, two members of the House of Representatives call on the Justice Department to investigate the corporation for its campaign to deceive the American public about the risks of climate change.
Pope Francis Talks Climate Change in Speech at UN (10/15)
A global perception of his moral authority may contribute momentum to a meaningful deal at December's climate talks in Paris.
Investors Call for Support of EPA Methane Regulations (09/22)
A coalition of investors organized by the Interfaith Center on Corporate Responsibility writes to 32 energy companies, requesting that they support new regulations on methane emissions.
Letter to Obama: No Drilling on Public Lands (09/18)
Hundreds of signatories call on the President to end the policy of leasing federal lands for fossil fuel exploration and extraction.
Investors Call on Corporations to Oppose Chamber's Challenge to Clean Power Plan (09/04)
Fifty prominent members of the Chamber of Commerce receive letters from investors, requesting that they address contradictions between their public positions on climate change and their funding of the Chamber's opposition to the Clean Power Plan.
MacArthur Foundation Focuses on Climate Change (09/03)
The Foundation launches its Climate Solutions initiative with $50 million in grants, to help ensure that the US meets its responsibilities in addressing the crisis of climate change.
Another Major Religion Gets the Implications of Climate Change (08/26)
Two months after Pope Francis delivers his encyclical on climate change, Islamic Relief hosts a climate change symposium and publishes the Islamic Declaration on Global Climate Change.
Drilling in the Arctic, Mining at the Grand Canyon (08/21)
President Obama's legacy on climate will be compromised by Shell drilling for oil in the Arctic, and the Grand Canyon is under siege from uranium mining and tourism development.
EPA Proposes Methane Cuts for Oil and Gas Sector (08/20)
The proposed standards, part of the Obama administration's Climate Action Plan, will reduce methane emissions in the oil and gas industry by as much as 45% by 2025.
Sustainable Investors Praise Obama's Clean Power Plan (08/06)
The Plan, which will reduce carbon emissions from the power sector by 32% below 2005 levels in 2030, is praised by Mindy Lubber of Ceres as a blueprint for the low carbon transition.
Green Bond Investments Reach $600 Billion (07/13)
The fourth edition of Bonds and Climate Change, published by the Climate Bonds Initiative, reports that 70% of climate-aligned bonds are invested in low-carbon transport, while another 20% focus on clean energy.
Consumer Goods Companies Commit to Halving Food Waste (07/10)
Four hundred corporate members of the Consumer Goods Forum commit to a sustainability program that includes halving food waste within their operations by 2025.
Investors Support White House Plan to Cut Methane Emissions (07/07)
The Obama Administration proposes to reduce methane emissions from the oil and gas industry by at least 45% by 2025, and investors coordinated by Ceres and Trillium Asset Management issue a statement expressing their support.
Laudato Si Makes Waves Throughout Society (06/27)
Sustainable investors and climate deniers alike weigh in with responses and reactions to Pope Francis's landmark encyclical on climate change. Second in a two-part series.
Pope Francis Delivers Encyclical on Climate Change (06/20)
The Pope makes explicit the connection between climate action, poverty, and morality, and calls for a radical shift away from current failures and toward an “ecological conversion” instead. First in a two-part series.
And Now for Something Completely Different (06/16)
The Heartland Institute hosts its annual conference on climate change, at which such scientific luminaries as climate denying Senator James Inhofe of Oklahoma are honored.
Morgan Stanley Issues $500 Million Green Bond (06/15)
The investment bank intends to fund a number of wind energy projects in the US.
Shareowners Target Amazon on Human Rights and Climate (06/12)
Sustainable shareowners submitted four resolutions addressing environmental, social, and corporate governance issues at this week's annual general meeting, as pressure grows for the company to improve its sustainability performance.
Resolutions Request Emissions Reduction Goals by Exxon and Chevron (05/29)
A process for shareowners to declare their intention to vote in favor of emissions reduction resolutions at the annual meetings of the oil and gas giants does not appear to have led to substantial votes in favor, but signal that investors who choose engagement as a strategy will remain aggressive.
At Yale, John Fullerton Presents on Regenerative Capitalism (05/15)
Speaking to the generation that will have to reverse the course of multiple crises, the founder of the Capital Institute envisions a holistic organization of social systems to replace the current reductionist and competitive approach. Third of a three-part series.
Regenerative Capitalism Seeks Radical Overhaul of Financial System (05/07)
John Fullerton, the founder of the Capital Institute, writes that the transition of an “antisocial” global financial system to one aligned with our understanding that “living systems are both sustainable and regenerative” is underway. But is the evolution decisive enough to solve the crises of our age? Second of a three-part series.
Carbon Tracker Offers Roadmap for Energy Transition (05/01)
Asserting that many executives in the oil and gas industry assume a business as usual approach in their planning, the NGO warns that unconventional exploration and price volatility will have negative impacts for investors.
$120 Million Green Bond from Nordic Investment Bank (04/20)
The fixed income issuance, driven by investors incorporating environmental, social, and corporate governance factors, will finance loans to environmental projects in Scandinavia.
Investors Call on SEC to Require Effective Climate Risk Disclosure (04/18)
In a letter to SEC Chair Mary Jo White, a coalition of investors organized by Ceres offers specific criticisms of disclosures by major oil and gas companies, and argues that climate risk is changing the economics of the industry.
Harvard Students Mount Blockade in Campaign for Divestment (04/17)
The Divest Harvard demonstrators block access to administrative offices during Harvard Heat Week as analyses of the university's investments find significant levels of greenhouse gas emissions.
US Coal Crash Structural, not Cyclical, Report States (03/27)
The Carbon Tracker Initiative's latest report reveals that bankruptcies are rampant in the US coal industry as cheap natural gas and a strengthening renewable market indicate that the decline of coal will be permanent.
Corporate Sustainability Measures Fail to Address Impacts (03/26)
The 2015 State of Green Business report, published by GreenBiz with environmental data supplied by Trucost, confirms that corporate sustainability efforts and disclosures are insufficient.
Citi Announces $100 Billion Sustainability Commitment (02/27)
Having met several targets of a $50 billion goal two years early, the bank now commits twice that amount to activities such as financing large renewable-energy projects and reducing its absolute emissions by 80%.
BP Calls for Price on Carbon (02/25)
Arguing that emissions are rising significantly more than scientists recommend, the oil and gas company states that a meaningful global price on carbon will incentivize participation in a low-carbon transition.
Shell Demonstrates Tunnel Vision Version of Climate Change (02/23)
The oil and gas company endorses a shareowner resolution requesting a sustainable approach to stranded assets, but signals that it will resume costly and ineffectual drilling for oil in the Arctic.
ICCR Publishes 2015 Proxy Resolutions and Voting Guide (02/09)
Climate change and wealth inequality lead members of the the Interfaith Center on Corporate Responsibility to increase for the third year in a row the number of shareowner resolutions filed. Second of a two-part series.
Board of Directors Endorses Climate Change Resolution at Shell (02/03)
By endorsing a shareowner resolution filed by members of the Aiming for A investor coalition, the oil giant agrees to report on several aspects of climate risk, including portfolio resilience in post-2035 scenarios.
Investors Urged to Challenge Fossil Fuel Industry Assumptions on Risk (01/31)
Ceres hosts a press call in which investors express concerns that the oil and gas industry relies on a business as usual scenario in planning capital expenditures.
Climate Resilient Supply Chains Remain a Work in Progress (01/29)
CDP's new report comparing corporate supply chains by countries finds that the response of US suppliers to climate risk exposure is insufficient, while China and India offer the best financial returns from emissions reduction activities in supply chains.
Social Cost of Carbon to Threaten Global Economy (01/27)
A report published in the journal Nature Climate Change warns that worsening climate change impacts could lead to dramatic increases in the social cost of carbon unless short-term mitigation measures are taken.
Over 50 Institutional Investors Call for Improved Annual Reporting from BP and Shell (01/26)
Invigorated shareowner engagement in the UK leads to resolutions requesting that the two companies with the largest carbon footprints in the FTSE 100 report on strategies to address climate change.
Sanders to Republicans: Believe in Climate Science? (01/22)
After assurances by by Republican leader McConnell that all amendments to a bill to approve the Keystone pipeline will be voted on, the Senate votes not to vote on amendment submitted by Senator Sanders of Vermont. Second of a two-part series.
Engage or Divest? (01/10)
Investors know what has to be done to prevent the worst effects of climate change, but many continue to debate whether moving their assets from fossil fuel companies might affect their returns in the short term. Second of a two-part series.
The Risk to Investors of Stranded Assets (01/09)
In a roundtable hosted by Environmental Finance, investors, analysts, and corporate managers convene to discuss the financial risks associated with stranded fossil fuel assets. First of a two-part series.
Report Calls for Climate Resilient Stock Exchanges (01/06)
Arguing that risks associated with climate change are increasingly likely to destroy value, the Climate Disclosure Standards Board calls on stock exchanges to mandate corporate reporting that includes climate risk assessments.
Sustainable Investment Firms Offer Guide to Fossil Fuel Investing (12/29)
Along with 350.org, Green Century Capital Management and Trillium Asset Management update a guide for investors who want to divest from fossil fuel companies and reallocate their assets to sustainability.
Heartening Developments in the War on Coal (12/26)
The Department of the Interior proposes that coal companies pay royalties on federal leases, and the Environmental Protection Agency announces new regulations for coal ash disposal. First of a two-part series.
Addressing Climate Change Means Honoring Human Rights (12/17)
A large coalition of civil society groups called on climate negotiators to factor human rights into agreements, but CARE concludes that the failure of governments to act leaves the world's most vulnerable people at risk.
Energy Companies Fail to Disclose Impacts of Fracking Operations (12/13)
The third edition of Disclosing the Facts, published by a coalition of sustainable investment organizations, reveals that companies engaged in hydraulic fracturing continue to prioritize empty assurances over meaningful data.
Norway's Sovereign Wealth Fund Declines to Divest from Fossil Fuels (12/12)
Nongovernmental organizations criticize an expert report that recommends active ownership instead of divestment, which was published one week after Norway's largest private pension fund announced a policy of divestment.
Green Bonds Growth a Positive Development in 2014 (12/10)
In a year when ExxonMobil rejects stranded assets and half a million march for climate in New York, green bonds offer an increasingly popular fixed-income investment strategy for sustainable investors.
Public Works Needed for Low Carbon Transition (12/03)
A 2013 briefing by academics from the University of Greenwich argues forcefully for the management by the public sector of a transition to renewable energy, and is cited in Naomi Klein's book This Changes Everything.
Book Review: This Changes Everything: Capitalism vs. the Climate, by Naomi Klein (12/01)
The author and activist argues that global trade policies promoting privatization and government austerity have doomed the climate movement thus far, but insists that there is still time for massive public infrastructure programs to address both climate change and inequality.
Investors Ratchet Up Engagement Over Stranded Assets (11/26)
Undeterred by ExxonMobil's plan to burn all fossil fuel reserves already on its books, As You Sow and Arjuna Capital file a shareowner resolution requesting that the company return capital to investors rather than embark on further exploration.
China Climate Agreement a First for Developing Nations (11/15)
In agreement with US, China commits to emissions reductions for the first time. But as a Natural Resources Defense Council report points out, the nation will have to make significant strides in reducing emissions from its ports and shipping systems.
Despite Pledges, G20 Subsidies of Fossil Fuel Exploration Continue (11/12)
Oil Change International co-authors a study which reveals that the Group of 20 governments spend $88 billion a year subsidizing exploration of fossil fuel reserves that cannot be burned if worst effects of climate change are to be averted.
Phase Out Fossil Fuels by 2100, IPCC Warns (11/03)
The Synthesis Report of the Intergovernmental Panel on Climate Change warns that further delay in aggressive mitigation efforts will substantially increase the risks of severe and irreversible impacts on human life and ecosystems.
Extreme Weather and the Need for Resilient Power (10/31)
Clean Energy Group continues its Resilient Power Project with a report outlining strategies for financing energy generation alternatives that can remain operative during extreme weather events.
Contrasting Views on the Financing of Coal (10/30)
Rainforest Action Network congratulates US investment banks for backing away from Australian coal export terminal, while BankTrack reports that $83 billion was provided by banks to finance coal mining and coal power projects.
Financing Food Justice a Priority for ICCR Members (10/25)
Members of the Interfaith Center on Corporate Responsibility commemorated the recent World Food Day by calling for sustainable food systems and palm oil sourcing.
BICEP Member Patagonia Launches Vote the Environment Campaign (10/20)
The apparel company campaigns to overcome voter apathy in the US in order to elect officials who will support replacing fossil fuels with renewable energy.
Fossil Fuel Companies Failing to Integrate Risk (10/18)
Research by the Carbon Tracker Initiative reveals that while most fossil fuel companies acknowledge climate change as a risk, very few are integrating climate risks into project and capital expenditure assessments.
Investors Call for Oil and Gas Methane Regulation (10/13)
In a letter to the Environmental Protection Agency, investors with more than $300 billion in assets under management call for regulation of methane emissions from the oil and gas industry.
Coal Keeps Getting Riskier for Investors (10/05)
The Carbon Tracker Initiative projects that as the demand for coal exports slows in China, $112 billion in planned future coal mine expansion and development is at risk of losing money.
Institutional Investors Pledge to Disclose Carbon Footprint of Portfolios (10/01)
Signatories to the Montreal Pledge, launched at last week's UN Climate Summit, will measure and disclose the carbon footprint of their investment portfolios on an annual basis.
Civil Action Grows to Unprecedented Heights. So Do Emissions. (09/22)
Upwards of 400,000 people take to the streets of New York City to demand meaningful action on climate change, and scientists report that greenhouse gas emissions reached record levels in 2013
NGOs Express Concern that Climate Summit Could be Hijacked (09/21)
An extensive network of nongovernmental organizations write to the UN Secretary-General arguing that private investment is not a replacement for public funds, while a campaign by the Indigenous Environmental Network warns against influence of corporations in the upcoming Climate Summit. Second in a two-part series.
$24 Trillion Calls for Climate Policy (09/20)
In advance of next week's climate summit at the United Nations, a group of institutional investment organizations representing 348 investors and $24 trillion under management call for climate policies that encourage clean energy investment. First in a two-part series.
Carbon Tracker Analysis Refutes Exxon Claims (09/12)
The analysis reveals that unconventional oil and gas exploration has contributed to ExxonMobil underperforming the S&P 500 by eight percent over five years, and that the company has not adequately stress tested a future low carbon scenario.
Reporting by Equator Banks Lacks Transparency (09/10)
An academic paper published by the Center for International Governance Innovation concludes that only five percent of financial institutions reporting to the Equator Principles disclose all the information required of them.
Two Sustainable Investment Funds Reach Milestones (09/04)
Community Capital Management's flagship fixed income fund celebrates its fifteenth anniversary, and the fossil fuel free Green Century Equity Fund reaches $100 million in net assets.
Addressing Pollution a Top Priority for Development in China (08/28)
The China Greentech Report 2014 finds that sustainable development, once considered an optional approach, is now a prerequisite as the world's largest emitter of greenhouse gases struggles with pollution in its cities.
Corporate Recycling Loans or Extended Producer Responsibility? (08/20)
A consortium of major corporations led by Walmart launches the Closed Loop Fund to help fund municipal recycling projects, but critics say EPR will accomplish more.
Distributed Energy Resources Require a New Regulatory Framework (08/18)
The New England Clean Energy Council calls for modernization of the region's grid to encourage renewables and distributed energy resources.
ConAgra Joins Movement to Eliminate Deforestation (08/16)
Green Century Capital Management and the New York State Common Retirement Fund withdraw a shareowner resolution after the packaged food giant agrees to eliminate palm oil suppliers engaged in deforestation from its supply chain.
Investors Call on Banks to Consider Climate Risks (08/07)
Boston Common Asset Management publishes a report on climate risks in the banking sector and invites investors to sign on to letter to be sent to major banks.
Student Cellist Bases Composition on Climate Data (08/05)
It's as inevitable as the effects of climate change that artists will engage more deeply with the subject, and a recent chamber music festival in Ottawa, Canada featured five compositions addressing it.
Subsidies for Oil and Gas Companies Increase under Obama (08/02)
A report by Oil Change International estimates that fossil fuel exploration and production subsidies have increased by 45% since President Obama took office in 2009, as his repeated efforts to lower them have been stymied in Congress.
Climate Change and Pollution Threaten Global Food Supply (07/30)
A study by Massachusetts Institute of Technology concludes that reductions in crop yields due to climate change can be offset somewhat by stronger ozone pollution controls.
General Mills to Report on Supply Chain Emissions (07/29)
The company agrees to report on and reduce greenhouse gas emissions in its supply chain, joins Business for Innovative Climate & Energy Policy, and becomes a signatory to the Climate Declaration.
Electric Utilities Ranked on Renewables and Energy Efficiency (07/28)
A report from Ceres and Clean Edge benchmarks the nation’s largest electric utilities on renewable energy sales, and cumulative and incremental energy efficiency savings.
World Bank Calls for Price on Carbon (07/24)
Stating that the debate over pricing carbon has shifted from whether to how, the World Bank invites stakeholders to become signatories to a statement calling on governments to take action.
Investors Applaud Palm Oil Sourcing Policy Announced by Smucker's (07/18)
Clean Yield Asset Management and Green Century Capital Management withdraw shareowner resolution after company commits to environmental protection by sourcing only deforestation-free palm oil.
Ways to Assess Corporate Action on Climate Change (07/15)
The Carbon Tracker 200 list provides information on the unsustainable practices of the world's largest fossil fuel companies, and Ceres collaborates on a searchable database of climate change disclosures by US companies listed on the Russell 3000 index.
Unitarians Craft Divestment Policy that Provides for Continued Engagement (07/14)
SocialFunds.com talks with Simon Billenness of the Unitarian Universalist Association about the year-long process to develop a policy of divestment from fossil fuel companies while retaining shareowner engagement.
Carbon Tracker Responds to Shell on Stranded Assets (07/09)
The Carbon Tracker Initiative, whose 2011 report on stranded fossil fuel assets helped launch the fossil fuel divestment movement, joins with Energy Transition Advisors to argue that Shell's statement on stranded assets underestimates the magnitude of risk to investors.
World Leaders Urged to Act Decisively on Climate Change (07/08)
In a message to world leaders, signatories to a letter call for decisive action on climate change in order to keep global temperature increases within two degrees Celsius limit.
Vermont Produces First State Level Climate Assessment in US (07/01)
The Vermont Climate Assessment partners with the recently published National Climate Assessment of the US Global Change Research to provide region-specific data on the impacts of climate change.
High Level Report Outlines Risks from Climate Change in US (06/27)
The Risky Business Project releases a report warning of severe economic disruptions from rising sea levels and extreme heat.
Supreme Court Upholds EPA Authority to Regulate Greenhouse Gas Emissions (06/24)
The Court's ruling allows the Environmental Protection Agency to regulate greenhouse gas (GHG) emissions from sources whose conventional pollutants are already being regulated.
Shareowner Action on Fracking Disclosure Proves Strength of Proxy (06/18)
The Investor Environmental Health Network reports that of six shareowner resolutions filed this year with companies engaged in hydraulic fracturing, four were withdrawn and two received substantial support.
Panelists at Slow Living Summit Discuss Context Based Sustainability Metrics (06/17)
Corporate sustainability architect Bill Baue leads a conversation about the importance of placing sustainability reporting in the context of planetary boundaries. Second of a two-part series.
Coal Fired Power Consumption Slowing in China (06/09)
Carbon Tracker and the Association for Sustainable and Responsible Investment in Asia report that investors need to consider the implications of significant stranded assets in China's coal sector.
EPA Announces Historic Emissions Limits for Power Plants (06/03)
More than 40% of the nation's greenhouse gas emissions come from power plants, and when enacted the new regulations will reduce emissions from existing power plants by 30% nationwide below 2005 levels.
Oil Change International Exposes Growing Crude by Rail (05/30)
A new report estimates that an average of 135 trains with 100 cars apiece are moving crude oil via the rail system of North America, and at any given time nine million barrels are being transported by rail.
No Surprise: Climate Change the Biggest Issue for Sustainable Investors (05/29)
A survey of eleven sustainable investors by Monitor Global Outlook reveals that while more environmental and social shareowner resolutions have been filed in 2014 than ever before, the number of withdrawals has set a record too.
Record Support for Stranded Assets Resolution at Anadarko Petroleum (05/27)
Resolution filed by As You Sow requesting that oil and gas company report on risk of stranded assets gains support of 30% of shareowners, the highest percentage for such a resolution thus far.
Book Review: The Sixth Extinction: an Unnatural History, by Elizabeth Kolbert (05/26)
The New Yorker staff writer travels through space and time to assert that a mass extinction is underway, this time at the hands of human agency. Second in a two-part series.
Uncivilization: an Artistic Manifesto for an Age of Ecocide (05/24)
The Dark Mountain Project contends that the human race has already destroyed the possibility of its survival and advocates for cultural responses that reflect reality. First of a two-part series.
Investment Professionals Taking Stranded Assets Seriously (05/23)
In advance of the 25th annual SRI Conference on Sustainable, Responsible, Impact Investing, First Affirmative Financial Network surveys sustainable investment professionals and finds that a majority believes now is the time to assess investments in fossil fuel companies.
Shell Joins Exxon in Denying Assets are Stranded (05/20)
A long-winded response by the oil company to shareowner concerns boils down to the assertion that it plans to burn all the reserves on its books regardless of the impact on climate change.
Film Review: The Wisdom to Survive (05/19)
Filmmakers John Ankele and Anne Macksoud document the destruction of nature from the developed nations' addiction to fossil fuels, but argue that there is still time to remake civilization in a just and sustainable way. Second of a two-part series.
Is it Time to Consider Planetary Hospice? (05/17)
Environmental activist Zhiwa Woodbury concludes that climate change will lead to the extinction of life on our planet, and recommends hospice for the entire human race based on the stages of grief of Kubler-Ross. First of a two-part series.
Colgate-Palmolive Commits to Emissions Reductions (05/16)
Shareowner engagement by Walden Asset Management leads to agreement by the company to reduce greenhouse gas emissions in line with standards recommended by the Intergovernmental Panel on Climate Change.
Carbon Tracker Publishes First in Series on Stranded Assets (05/09)
The first of three reports analyzing the investment risks associated with stranded fossil fuel assets coincides with Stanford University's divestment of coal stocks from its $19 billion endowment.
Third National Climate Assessment Published (05/06)
In its new report, the US Global Change Research Program asserts that the effects of climate change have already become a present day concern, and announces the launch of a website to help Americans receive reliable scientific information.
Corporations Lagging in Sustainability Efforts (05/02)
In a follow-up to their 2012 report on corporate sustainability, Ceres and Sustainalytics reiterate that major US corporations are failing to keep pace with urgent environmental and social challenges.
Sister Patricia Daly Honored for Shareowner Advocacy (05/01)
The Executive Director of the Tri-State Coalition for Responsible Investment and longtime member of the Interfaith Center on Corporate Responsibility receives the Joan Bavaria award from Ceres for advocacy on behalf of environmental justice.
Supreme Court Upholds EPA Ruling on Coal Pollution (04/30)
The 6-2 decision upholds the Agency's authority to regulate pollution from coal-fired power plants, and is the second court decision in two weeks that supports environmental regulations.
NRDC Teams with Investment Firms to Offer Fossil Fossil Fuel Free Equity Index (04/29)
The Natural Resources Defense Council joins BlackRock and FTSE Group to launch a equity global index series that excludes companies engaged in exploration, ownership, or extraction of carbon-based fossil fuel reserves.
ICCR Writes to Bank of America on Financing Fossil Fuels (04/19)
A letter signed by 50 institutional investors accompanies a shareowner resolution filed by an ICCR member, requesting that Bank of America report on its financing of greenhouse gas emissions.
Canadian Investors Issue Climate Change Policy Statement (04/12)
The Responsible Investment Association calls on the federal and provincial governments of Canada to develop policies that will encourage a transition to a low-carbon economy.
Harvard Joins Principles for Responsible Investment (04/10)
Harvard's endowment is the first in the United States to join the global network of sustainable investors; the university also announces it will report its greenhouse gas emissions to the CDP.
Dare We Celebrate Exxon Agreeing to Report on Fracking Risks? (04/03)
As You Sow and the New York City Pension Funds withdraw resolution when Exxon agrees to increased transparency days after the oil and gas company issues disappointing report on stranded assets.
Another Win for Climate Change Mitigation (03/28)
As You Sow withdraws shareowner resolution at Southern Company after the utility agrees to report on integrating renewable energy into its business operations.
Literature and Climate Change (03/25)
In which this writer turns to a writer of creative literature for inspiration and understanding in considering the climate crisis.
ExxonMobil to Report on Stranded Assets (03/21)
A shareowner resolution is withdrawn by As You Sow after Exxon agrees to becomes the first oil and gas company to report on the impacts of unburnable carbon assets on its business model.
News Briefs for March 20th (03/20)
Green Century Capital Management releases an animated fossil fuel free investing video, and Community Capital Management announces the launch of the CCM Alternative Income Fund.
Is 2014 the Year for Green Bonds? (02/25)
As You Sow hosts a webinar exploring the role of green bonds in the transition to a low-carbon economy.
Kellogg's Commits to Deforestation-Free Palm Oil (02/20)
Green Century Capital Management withdraws shareowner resolution after the food processing company agrees to source only deforestation-free palm oil by next year.
Divest or Engage Meets the Capital Markets (02/19)
Investors aligned with Ceres with Ceres file ten resolutions addressing stranded fossil fuel assets, and Green Century Capital Management announces its Equity Fund will become fossil free.
Kerry Denounces Complacency on Climate Change Action (02/18)
In a speech in Indonesia, the Secretary of State describes that country as one of the most vulnerable to the effects of climate change, and calls for a global commitment to reducing greenhouse gases.
SEC Action on Corporate Climate Disclosure Inadequate (02/13)
Four years after the Commission issued interpretive guidance on climate change disclosure, the quality of corporate reporting remains low, according to a report from Ceres.
Environmentalists Wait for Obama Decision on Keystone Pipeline (02/01)
Following a State of the Union Address in which natural gas exploration was cited as a response to climate change, the State Department publishes its assessment of the controversial Keystone XL Pipeline.
Climate Change Takes the Stage at Davos (01/30)
A high-profile panel convenes at the annual World Economic Forum meeting to discuss the negotiation of an international climate change treaty and how to end extreme poverty.
How to Fund Clean Energy Investment (01/23)
A report released by Ceres at the recent Investor Summit on Climate Risk suggests that the responsibility for scaling up clean energy finance to the necessary level is shared by institutional investors, banks, and policymakers. Third in a three-part series.
Climate Summit Press Conference Focuses on Policy and Fiduciary Duty (01/21)
Prominent representatives of government, business, and institutional investment meet with journalists to discuss strategies for increasing climate finance. Second of a three-part series.
Institutional Investors Meet to Discuss Climate Finance (01/17)
At a conference hosted by Ceres at the United Nations, 550 institutional investors hear climate scientist Rosina Bierbaum describe the effects of climate change that are already underway. First of a three-part series.
Banks Announce Support for Green Bond Principles (01/14)
Thirteen investment banks indicate their support for a measure designed to ensure transparency, disclosure, and integrity in the development of a more robust green bond market.
Goldman Sachs Exits Coal Terminal Investment (01/13)
BankTrack and the Rainforest Action Network applaud the investment bank's decision to withdraw from funding a proposed coal export terminal at Cherry Point, Washington.
Top Sustainable Investment Stories for 2013 Part 3 (01/08)
Divest or engage? Sustainable investors have wrestled with arguments of divestment versus engagement, and many have concluded that engagement provides them with the better opportunity to pressure fossil fuel companies to change their behaviors. Meanwhile, sustainable investment firms such as Green Century Capital Management and Trillium Asset Management have been offering fossil free investment opportunities for years.
Top Sustainable Investment Stories for 2013 Part 2 (01/07)
Sustainable shareowners request that fossil fuel companies report on financial impacts of having to leave in ground a majority of reserves on their books if climate change is to be addressed.
Top Sustainable Investment Stories for 2013 Part 1 (12/31)
As the daily mean concentration of carbon dioxide in the atmosphere surpasses 400 parts per million for the first time in three million years, the Intergovernmental Panel on Climate Change emphasizes tha human activity is responsible for climate change.
Using Science to Set Emissions Targets (12/27)
Climate Counts and the Center for Sustainable Organizations rank 100 companies within the context of climate science and find that nearly half are rated as sustainable.
Index Ranks Climate Change Preparedness of Nations (12/19)
The annual Notre Dame Global Adaptation Index finds that the world's poorest countries are more than a century behind their developed nation counterparts in adapting to climate change.
More Environmental Risks for Fracking Operations (12/13)
A report by the Environmental Integrity Project warns that construction or expansion of more than 90 natural gas power plants could increase greenhouse gas emissions by 91 million tons.
Divest or Engage a Serious Question for More than Investors (12/06)
UK think tank Meteos convenes an investor dialogue on risks to energy holdings and recommends more analysis of the effects of climate change mitigation on stranded fossil fuel assets.
Fossil Fuel Subsidies Average $112 per Adult (11/29)
A new report on subsidies by the Overseas Development Institute recommends that they be phased out globally by 2025 in order to encourage investment in renewable energy.
Investors Call for Improved Disclosures by Operators of Wood-Burning Power Plants (11/22)
A report by the Partnership for Policy Integrity challenges claims of carbon neutrality by three companies with bioenergy operations, and 15 fifteen investors call on the Securities and Exchange Commission to review disclosures by the companies.
US Banks Rank Poorly on Indicators of Concern to Sustainable Investors (11/21)
The Interfaith Center on Corporate Responsibility and Sustainalytics rate seven major US banks on four key performance indicators relating to sustainability and corporate responsibility, finding significant room for improvement.
Investors Call on Fossil Fuel Companies to Account for Stranded Assets (11/06)
Seventy institutional investors with more than $3 trillion in assets under management request that 45 companies report on unburnable fossil fuel assets in advance of 2014 proxy season. Third of a three-part series.
As Fossil Fuel Divestment Grows, Cleantech Offers Opportunities for Investors (11/01)
As You Sow teams with Kachan & Co. and the Responsible Endowments Coalition to outline opportunities for investors in cleantech. Second of a three-part series.
Fossil Fuel Divestment only the First Step (10/29)
Investors join 350.org to produce a guide on divesting from fossil fuel companies. First of a three-part series.
Engage or Divest? (10/07)
As college students continue their campaign for divestment from fossil fuel companies, Northstar Asset Management debunks estimates of the cost of the investment strategy and questions whether shareowner engagement can be effective.
The State of Shareowner Engagement in Europe (10/04)
Eurosif reports on investor engagement with corporations in Europe and finds that engagement on environmental, social, and corporate governance issues is steadily increasing.
Will Governments Act on the Basis of Scientific Consensus? (09/28)
The Intergovernmental Panel on Climate Change publishes the first section of its Fifth Assessment Report, which asserts with even greater emphasis that climate changed is caused by human activity.
EPA Proposes Limits for Power Plant Emissions (09/21)
The standards, which will limit emissions by new power plants, are praised by investors and corporations, and assailed by the Senate Minority Leader and the Chamber of Commerce.
CDP Report on Global 500 Emissions Is Published (09/14)
The report finds that the average emissions of the 50 heaviest emitters among the world's largest companies have actually increased since 2009.
Bank of America a Corporate Sustainability Leader? (09/13)
S&P Dow Jones Indices announces that Bank of America will be added to its influential sustainability indexes despite the bank's continuing financial support of the coal industry.
Bank of America Bankrolls Coal India Despite Poor ESG Performance (09/04)
Bank of America and Goldman Sachs are among the foreign banks selected by the government of India to sell a stake in the world’s largest coal company, despite Bank of America's statements of commitment to sustainability.
Investors More Comfortable Assessing Climate Change Risks than Opportunities (08/23)
In its third annual survey, the Global Investor Coalition on Climate Change reports that assessing climate risk has become commonplace among institutional investors, but government inaction and other barriers continue to hinder a transition to low carbon investment.
Record Number of Sustainability Resolutions in 2013 (08/21)
In its overview of the 2013 proxy season, Ceres reports that 40% of all resolutions filed address environmental and social issues, and that 40 of the 110 such resolutions were withdrawn.
Shareowner Support for Environmental and Social Resolutions at a Ten-Year High (08/16)
Jackie Cook of Fund Votes summarizes the 2013 proxy season and notes strong support for shareowner resolutions across the environmental, social, and corporate governance spectrum.
US SIF Offers Guides on Climate Change Investment for Retail and Institutional Investors (08/15)
Warning of the urgent crisis that is climate change, the guides provide basic information on voting proxies, filing shareowner resolutions, and public policy advocacy.
Ceres Publishes Blueprint for Sustainable Investment (08/14)
In The 21st Century Investor, Ceres outlines how investors can help transform the global economy into one in which sustainability is the central concern. Second of two parts.
Ceres, ICCR Offer Guidance for Sustainable Investing (07/02)
The Interfaith Center on Corporate Responsibility provides insights for investors on climate change, and Ceres issues a blueprint for investors seeking to incorporate sustainability into their decision making. First of two parts.
Major Cities Adapting to Climate Change (06/28)
A report by the Carbon Disclosure Project and the C40 Cities Climate Leadership Group reveals that many of the world’s largest cities have launched energy efficiency and other initiatives to lessen the effects of climate change.
Obama Directs EPA to Use Clean Air Act to Regulate Emissions (06/26)
Acknowledging that Congress is likely to persist in failing to act on climate change, the President decides that executive action is needed to address a growing crisis whose effects are already being felt.
Hundreds of Small Businesses Sign Climate Declaration (06/24)
During the recent Small Business Week in Washington DC, the American Sustainable Business Council and Business for Innovative Climate and Energy Policy announce that 364 small businesses from 47 states have joined the call for lawmakers to act on climate change.
Investor Coalition Holds First Global Forum on Climate Change (06/20)
The Global Investor Coalition on Climate Change, a network of four regional climate change investor groups, holds its first meeting in Hong Kong and launches an action plan to facilitate low-carbon investment.
Gulf Persists Between Corporate Sustainability Claims and Performance (06/07)
Sixty percent of corporate respondents to an oekom research survey suggest that rating agencies and sustainable investors influence strategy.
Revised Equator Principles Fall Short, BankTrack Says (06/05)
The third version of the Equator Principles fails to adequately safeguard community rights while continuing to allow signatory banks to fund high impact sectors such as coal and tar sands.
Threatened by Climate Change, Ski Industry Joins Call for Effective Policies (05/30)
More than 100 US ski resorts sign the Climate Declaration of Ceres, calling for a coordinated effort to combat climate change threatening the winter sports industry.
Effective Policy Will Drive Investment in Energy Efficiency (05/28)
A report from Ceres and the Investor Network on Climate Risk calls for policies that will encourage institutional investors to invest in energy efficiency projects.
First Carbon Bubble Resolution Wins Strong Support at CONSOL Energy (05/16)
Twenty percent of shareowners support an As You Sow request that the company report on the financial risks associated with having to leave most of its coal reserves in the ground.
Three Million Years Later, 400 Parts per Million of CO2 in Atmosphere (05/13)
Daily concentrations of carbon dioxide in the atmosphere pass the 400 parts per million threshold, foretelling severe effects from climate change if a long-overdue reversal of the trend does not occur.
Resolution Calls on CONSOL Energy to Report on Stranded Assets (05/08)
Up to 80% of known fossil fuel reserves will have to stay in the ground if climate change is to be addressed, and As You Sow requests that the coal producer report on the risks of stranded reserve and infrastructure assets.
State Department Assessment of Keystone Pipeline Insufficient, EPA states (05/03)
Commenting on a State Department review of the controversial Keystone XL pipeline, the Environmental Protection Agency criticizes its findings on greenhouse gas emissions and pipeline spills.
US Banks Continue to Finance Coal (05/01)
Despite the coal industry's leading impact on climate change and the bankruptcies of several operators of coal-fired power plants, US banks continue to finance mountaintop removal and the construction of new plants.
Cisco, Google Share Top Spot on Cool IT Leaderboard (04/29)
The sixth edition of the Greenpeace ranking of companies in the information technology sector focuses on political advocacy for effective climate change legislation.
Price Externalities, Report Tells Companies and Investors (04/26)
A new analysis from Trucost estimates that unpriced externalities cost the global economy at least $7.3 trillion per year, and finds that no companies in high impact sectors would be profitable if they had to account for environmental costs.
Subsidizing Fossil Fuels Hinders Investment in Renewables (04/22)
A paper from the Overseas Development Institute calls for an end to fossil fuel subsidies in order to help mobilize private investment in climate-compatible development in developing nations.
Climate Principles Issues Best Practices for Hydraulic Fracturing (04/13)
Guidelines for financiers of hydraulic fracturing published by the European Climate Principles add to calls for greater transparency by companies engaged in the practice.
Businesses Join Call for Climate Legislation (04/11)
Thirty-three companies join Ceres and its BICEP coalition in signing the Climate Declaration and calling on Congress to finally pass strong climate legislation.
From Divestment to a Sustainable Investment Strategy (04/08)
The authors of Crossing Thresholds: From Fossil Fuel Divestment to Sustainable Investment argue for the inclusion of environmental and social thresholds in investment decision-making and corporate management.
On Divestment and a Portfolio Free of Fossil Fuels (04/05)
The debate over the investment implications of divestment continues, but the Green Century Balanced Fund has a carbon footprint less than half that of the S&P 500 without sacrificing financial returns.
Twenty Years on, Corporate Sustainability Still Lacking (03/30)
In its annual rating of the sustainability performance of the world's largest companies, oekom research finds that only one in six demonstrate adequate commitment.
Afloat on Fossil Fuel Money, Senate Votes for Keystone Pipeline (03/26)
Oil Change International reports that the 62 Senators supporting the controversial tar sands pipeline in a non-binding vote have received $31 million in campaign contributions from fossil fuel interests.
Bank of America Urged to End Financing of Coal (03/21)
Sustainable investors are among the 50 signatories to a letter delivered to Bank of America, urging it to phase out the financing of coal and shift its lending priorities to renewable energy.
Insurers Still Unequipped to Deal with Climate Change (03/18)
In a survey of 184 disclosures by insurance companies, Ceres finds that only 23 have climate change strategies, and few have policies in place to help prepare for the effects of climate change.
Law Professor Anticipates Future of Climate Adaptation Law (03/16)
In an academic paper, J.B. Ruhl of the Vanderbilt University Law School summarizes the piecemeal efforts undertaken thus far to address climate adaptation from a legal standpoint, and outlines legal issues that are likely to emerge.
Report Says Carbon Bubble Poses Risk to Financial Stability (03/13)
Originally published in 2011, Carbon Tracker's report Unburnable Carbon wins a Farsight Award from UK-based Long Finance for its assessment of the financial implications of fossil fuel reserves.
First-Time Shareowner Resolutions Address Stranded Fossil Fuel Assets (03/11)
As You Sow and the Unitarian Universalist Association have filed shareowner resolutions with two large coal companies, requesting that they report on material impact of reserves that must remain in the ground if climate change is to be addressed.
As You Sow Publishes 2013 Proxy Preview (03/09)
Political spending resolutions account for one-third of those filed this year's, while two first-time resolutions request that companies in the fossil fuel industries report on the financial impact of stranded assets.
Get Real about Climate Change, Shareowners Tell Utilities (02/28)
With trillions of dollars in infrastructure upgrades looming for electric utilities, investors call on five companies to emphasize a transition to renewables, improve energy efficiency, and manage water risks.
Fracking on Proxy Ballots at Chevron and Exxon (02/25)
Described as laggards for their failure to address investor concerns, the oil and gas giants face shareowner resolutions addressing environmental and social risks associated with hydraulic fracturing.
Senators Boxer and Sanders Propose Climate Change Legislation (02/19)
Among the highlights of the proposed bill are a fee on carbon pollution and increased oversight of hydraulic fracturing.
Natural Capital and Integrated Reporting Among Trends for 2013 (02/18)
With the help of environmental research from Trucost, GreenBiz publishes the sixth annual edition of its State of Green Business Report, assessing major trends as well as the environmental performance of 500 US companies.
SEC Allows Climate Change Proposal at PNC Financial Services (02/15)
The bank had sought to exclude a proposal by Boston Common Asset Management requesting that it report on climate change risks in its lending portfolio.
Ceres Ranks Among World's Top NGOs (02/13)
The annual Global Journal ranking of the world's most effective nongovernmental organizations places the environmental investor network sixth among 450 NGOs from 27 countries.
Climate Change Outpacing Green Investment (02/08)
A report from the World Economic Forum outlines the steps necessary to encourage the unprecedented shift in investment strategies that is necessary for sustainable growth.
ICCR Publishes 2013 Proxy Resolutions and Voting Guide (02/07)
The Interfaith Center on Corporate Responsibility reports that its members have filed 180 shareowner resolutions and engaged in 225 corporate dialogues this proxy season.
Shareowners Press on with Fracking Campaign (02/05)
Nine oil and gas companies face shareowner resolutions this proxy season requesting quantitative reporting of risks associated with hydraulic fracturing and the management of fugitive methane emissions.
Portfolios Can Thrive After Fossil Fuel Divestment (01/31)
As students on campuses across the country respond to climate change by calling on universities to divest fossil fuel holdings, an analysis reveals that divestment could add little financial risk to portfolios.
Sustainable Investment Forums Form International Alliance (01/29)
The Global Sustainable Investment Alliance, consisting of seven major sustainable membership organizations, publishes a survey of global trends in sustainable investment.
Corporate Knights Publishes Global 100 List of Leading Sustainable Corporations (01/28)
The Belgian metal recycling company Umicore tops the ninth annual list of sustainable large cap corporations, but the list also includes Enbridge, the Canadian operator of pipelines carrying oil from the controversial tar sands.
Thich Nhat Hanh, Alexis de Tocqueville, and Bernie Sanders on Climate Change (01/25)
The Vermont Senator says he will introduce legislation that includes a price on carbon, but despite President Obama's statement of commitment to climate change a White House spokesperson says the administration has no plans to propose a tax on carbon.
Keystone Pipeline First Challenge for Obama on Climate Change (01/23)
With two new reports describing greenhouse gas emissions from oil sands development as even worse than expected, environmentalists and sustainable investors are likely to scrutinize the State Department's upcoming decision on the Keystone XL pipeline.
Sustainable Investment Assets Continue Growth in Canada (01/17)
The biennial report by the Social Investment Organization of Canada reveals that sustainable assets under management now represent 20% of the total.
Ceres Awarded with Zayed Future Energy Prize (01/16)
The investor network wins the $1.5 million prize in the nongovernmental organization category for its work on behalf of addressing climate change.
Draft Report Paints Grim Picture of Climate Change Effects (01/14)
The 1,200-page Third National Climate Assessment warns that some effects of climate change are already underway, and insufficient response ensures that the effects will grow worse in coming years.
Shareowner Urges End to Natural Gas Flaring (01/10)
Mercy Investment Services files a shareowner resolution with Continental Resources, requesting that the oil company reduce or eliminate the environmentally destructive practice of natural gas flaring in its operations.
Top Sustainable Investment Stories of 2012, Part 4 (01/04)
Will the re-election of Barack Obama help further the sustainability agenda? Despite legislative inaction by Congress, regulatory agencies issued rules addressing climate change and corporate governance in 2012.
Top Sustainable Investment Stories of 2012, Part 1 (12/26)
Assets allocated to sustainable investment continue to rise, with increasing amounts focusing on positive screening strategies; however, mainstream mutual funds continue to lag in supporting shareowner resolutions addressing climate change and corporate political spending.
Plan for Regulating Emissions from Existing Power Plants Proposed (12/08)
The Natural Resources Defense Council states in an issues brief that state-specific standards from the Environmental Protection Agency could lead to a steep drop in emissions and significant cost savings.
US Winter Tourism Endangered by Climate Change (12/07)
A report prepared for the Natural Resources Defense Council and Protect Our Winters warns that the winter tourism industry could disappear in regions of the US if greenhouse gas emissions continue to increase.
Institutional Investors Unprepared for Climate Change Impacts in South Africa (12/06)
A report from WWF South Africa and SinCo outlines impacts that are expected to be worse in South Africa than elsewhere, and warns that the portfolios of institutional investors are failing to account for climate change and the impacts of an upcoming carbon tax.
Prospects Dim for Least Developed Nations at Climate Change Conference (12/05)
Despite contributing little to climate change, the populations of the world's poorest countries face imminent loss and damage from its effects while developed economies plead poverty in delaying help.
Climate Financing Improves, but Falls Short of What is Needed (12/03)
The Climate Policy Initiative identifies $364 billion in financing the transition to a low-carbon economy, but the amount falls far short of what is needed to keep global temperature increases below two degrees Celsius.
Global Emissions Continue to Rise (12/02)
Carbon dioxide emissions reached a record high in 2011, a record which will be broken in 2012, and a report commissioned by the World Bank warns that adapting to a 4°C increase is by no means certain.
US SIF Publishes Biennial Sustainable Investment Trends Report (11/24)
The 2012 Trends Report notes a total of $3.74 trillion in assets allocated to sustainable investment, a 22% increase over a two-year period.
Investor Networks Urge Governments to Face Climate Change (11/20)
With Hurricane Sandy behind us, and another international climate change conference coming up in Qatar, seven of the world's largest investor networks form the Global Investor Coalition on Climate Change and call for an investment-friendly approach to climate change.
Assets of PRI Signatories Exceed $32 Trillion (11/15)
With 254 new signatories to the Principles for Responsible Investment, the number now exceeds 1,100, even as 61 former signatories are delisted.
College Endowments Urged to Divest Fossil Fuel Holdings (11/12)
The Do the Math campaign from 350.org urges colleges and universities to restructure their endowments and divest their holdings in fossil fuel industries to make an impact on climate change.
Climate Change Action in Obama's Second Term? (11/09)
After an election campaign during which climate change was barely mentioned, sustainable investors and other advocates hold out hope for effective action in the next four years.
Calvert Launches Emerging Markets Fund (11/07)
The Calvert Emerging Markets Equity Fund uses the firm's environmental, social, and corporate governance criteria in determining the components of a portfolio investing in the fastest-growing segment of the global economy.
US Banks Persist in Financing Climate Change (11/01)
A report from BankTrack and the Rainforest Action Network urges financial institutions to measure and report on financed emissions, and recommends that they support expanded disclosure requirements being developed by the Greenhouse Gas Protocol.
With Expiration Looming, Groups Call for Extension of Production Tax Credit (10/30)
The Investor Network on Climate Risk is the latest to write to Congressional leaders, urging them to support extending a tax credit that has helped wind energy become one of the nation's fastest growing manufacturing industries.
CDP Water Disclosure Issues 2012 Report on Corporate Water Use (10/26)
For the first time, the initiative publishes a separate report focusing on water management by US companies, as the number of institutional investors requesting corporate disclosures on water increases to 470.
Oil Sands Producers Urged to Adopt Environmental and Social Performance Goals (10/24)
A coalition of 49 investors with $2 trillion in assets call on newly formed association of producers to set specific goals for improving environmental and social performance.
As You Sow Updates Investment Risks Associated with Coal (10/23)
Investors are warned that as the use of coal as a source of power output in the US declines and construction costs increase, the financial risks of investing in coal-dependent electric utilities are significant.
2012 Newsweek Green Rankings Published (10/22)
With research provided by Sustainalytics and Trucost, this year's Green Rankings note a 20% improvement in companies disclosing environmental information.
Project Promoting ESG Disclosure in Emerging Markets Issues Final Report (10/16)
The Emerging Markets Disclosure Project notes that considerable improvements in ESG reporting have been driven by regulatory regimes such as sustainable stock exchanges, but calls for reliance upon standardized reporting to increase attractiveness of emerging markets for investors.
Resources Insufficient to Protect World's Poorest from Climate Change (10/13)
The Climate Vulnerability Monitor warns that 100 million lives could be lost by 2030 if climate change and carbon-intensive energy practices are not addressed.
BankTrack not Satisfied with new Draft of Equator Principles (10/12)
While acknowledging that the new draft is an improvement, the Netherlands-based NGO finds insufficient commitments by signatory banks to transparency, human rights, and climate change mitigation.
Assets Committed to Emerging Markets on the Increase (10/11)
A new survey by EIRIS suggests that while sustainable stock exchanges increase investor confidence in emerging markets investment, poor corporate attention to environmental, social, and corporate governance issues remains a barrier.
Growth of Sustainable Investment in Europe Continues to Outpace the Overall Market (10/06)
In its fifth biennial survey of sustainable investment in Europe, Eurosif identifies norms-based screening as the fastest-growing strategy, and urges improved communications to encourage greater uptake of sustainable investment by retail investors.
Insurers Unequipped to Deal with Climate Change (09/20)
A report from Ceres warns that as payouts for extreme weather events increase to record levels, the insurance sector is falling behind other industries in returns on investment.
CDP Releases Annual Reports on Corporate Carbon Management (09/13)
Responding to more than half of the world's invested capital, large companies increasingly view climate change as a current business concern, but too little is being done at present to avert a climate crisis.
Panel Calls for Rescue of CDM (09/12)
Despite its flaws, the Clean Development Mechanism remains the only international framework for funding renewable energy projects in developing nations, and meaningful emissions reduction targets will help enhance its effectiveness.
GMI and Trucost Form Partnership (09/10)
The strategic partnership provides for environmental research by Trucost to be incorporated into GMI's analysis of the corporate governance performance of companies.
Is Corporate Reporting Sufficient to Meet Sustainability Goals? (09/08)
Mark McElroy of the Center for Sustainable Organizations argues that the absence of context for corporate sustainability measurements increases the likelihood that meaningful goals will not be met.
Opinions Differ on the Future of Sustainable Investing (09/07)
Industry veterans weigh in on likely developments over the next twenty years, and their opinions range from optimism to concern.
Muhammad Yunus, Father of Microcredit and Nobel Peace Prize Recipient, to Address SRI Conference (09/05)
The founder of the Grameen Bank will be the keynote speaker at October's SRI Conference on Sustainable, Responsible, Impact Investing, which will also feature author Deepak Chopra and Robert F. Kennedy Jr. Second of a two-part series.
PRI Signatories Prioritize ESG Issues for Engagement (09/04)
A survey of frequent users of the PRI Clearinghouse indicates that executive compensation, climate change, and labor standards in corporate supply chains will be the top areas of engagement for institutional investors during the coming year.
New York City Codifies Climate Change Adaptation (08/31)
The legislation, which will require the city's Climate Change Adaptation Task Force to update its assessment of the effects of climate change every three years, is the first ordinance from a US city to use latest climate science to develop adaptation strategies.
Sustainability Management by Oil Firms Lacking (08/21)
A report from oekom, a German research firm, analyzes the sustainability performance of oil and gas companies, finding that as technological demands increase the management of risk is failing to keep up.
A Strategy for the Commons that Includes Business and Government (08/20)
As national governments persist in pursuing narrow agendas rather than global action on climate change and sustainable development, other key stakeholders are recognizing that they must pressure corporations and governments into dialogue on the issues.
Certified Coffee to be on Menu at Smucker's (08/08)
A resolution from Calvert Investments and Trillium Asset Management, supported by 30% of shareowners in 2011, is withdrawn after Smucker's agrees to targets for purchases of certified coffee.
Facebook Publishes Carbon Footprint (08/06)
For the first time, the social networking company has disclosed its greenhouse gas emissions, and announces a goal of using renewable energy sources for 25% of its power.
Despite SEC Guidance, Disclosures by Oil and Gas Companies Are Insufficient (08/02)
A report from Ceres finds that ten of the largest companies in the oil and gas sector are failing to provide sufficient disclosures on climate change and deepwater drilling.
Greenland Ice Sheet Melt Unprecedented (07/26)
NASA satellite measurements confirm that 97% of Greenland's ice sheet has melted this summer, far more than ever before recorded.
Pros and Cons of Australian Carbon Tax (07/18)
Implemented on July 1st, Australia's carbon pricing scheme imposes a price of $23 per ton on carbon emissions. But some clean energy advocates argue that the policy does not go far enough.
ICCR and the Business Case for Sustainability (07/14)
For the first time, members of the Interfaith Center on Corporate Responsibility engage in corporate dialogues more often than submit shareowner resolutions, reflecting the growing awareness of the business case for corporate sustainability measures. Second of a two-part series.
Proxy Season Results Support Mainstreaming of ESG (07/12)
This year's shareowner resolution tracker from Ceres notes that almost half of the environmental and social resolutions coordinated by the organization were withdrawn after successful engagement with companies. First of a two-part series.
A Guide to Economics for the 99% (07/06)
The Center for Popular Economics publishes Economics for the 99%, a handbook which describes the roots of economic inequality and offers a solidarity economy as an alternative.
Investors Fear Canadian Budget Bill Weakens Environmental Regulations (07/05)
Despite efforts by the Social Investment Organization, which warned that passage of an omnibus budget bill could discourage investment by providing for inadequate environmental regulation, the bill passes in a Senate dominated by conservatives.
Investors Urge Congressional Leaders to Support EPA Authority (06/28)
A coalition led by Calvert urges leaders in both houses of Congress to oppose resolution that would prevent the Environmental Protection Agency from implementing Mercury and Air Toxics Standards for power plants.
Court Supports EPA Authority to Regulate Greenhouse Gases (06/27)
An appeals court rules that the Environmental Protection Agency is authorized under the Clean Air Act to regulate emissions from new fossil fuel-fired power plants.
Book Review: Private Empire: ExxonMobil and American Power, by Steve Coll (06/25)
In a well-researched investigation into the inner workings of one of the world's largest and most powerful corporations, author Steve Coll details ExxonMobil's efforts to discredit climate science and extract resources in countries ruled by autocrats.
Rio+20 Ends without Binding Agreements (06/23)
Sustainable investors who consider regulatory action to be essential are likely to be disappointed by the absence of agreements addressing climate change and corporate reporting.
UK Mandates Emissions Reporting for Public Companies (06/20)
Deputy prime minister Nick Clegg is expected to announce at Rio+20 today that all 1,800 companies listed on the London Stock Exchange's Main Market will be required to report on greenhouse gas emissions.
Corporate Disclosure of Water Risks Should Include Quantitative Data (06/18)
Ceres follows up on a 2010 study of corporate reporting on water risk with a new report that notes improvements, but says also that quantitative data and supply chain information is lacking.
Investors Call for Improved Management of Methane Emissions from Fracking (06/15)
An international coalition of institutional investment organizations with more than $20 trillion in assets warn of the impacts of methane emissions on global warming, and issue a draft framework for improved corporate disclosure.
Behind the Scenes, Corporations Undermine Science-Based Climate Policy (06/11)
The Union of Concerned Scientists reports that many US-based corporations engage in greenwashing by maintaining a public image of climate consciousness while secretly undermining climate science and policy.
Proxy Voting on Climate Change by Mutual Funds Fails to Account for Materiality (06/09)
An analysis by Ceres and Fund Votes of 2011 proxy voting reveals that the three largest mutual funds failed to vote in favor of a single climate-related resolution.
Investors Urge Corporations to Consider Physical Impacts of Climate Change (06/02)
A new report notes improved corporate reporting on greenhouse gas emissions emerging from SEC guidance, but calls for improved management and disclosure of extreme weather events and other physical risks.
Add Corporate Social Responsibility to Rio+20, Stakeholders Say (05/31)
The Dialogue on a Convention on Corporate Social Responsibility and Accountability proposes a global policy framework requiring companies to embed sustainability into their operations and report on their efforts.
More Stakeholders Call for Meaningful Action at Rio+20 (05/25)
The International Institute for Environment and Development outlines a three-point plan to ensure that government negotiators account for the needs of local communities through sufficient aid and realistic valuation of natural capital.
Investors Warned to Question Shell's Plans for Arctic (05/24)
Citing the likelihood that control of a spill in ice-covered waters will fail, and outlining Shell's poor track record in the Russian Far East, Greenpeace advises investors to ask hard questions about the risks to the company's financial health.
A Trillion Dollar Call for Best Practices in Fracking Operations (05/23)
Fifty-five institutional investment organizations representing $1 trillion in assets under management call for adoption of best practices by oil and gas companies engaged in hydraulic fracturing.
Concerns Grow over Slow Pace of Sustainable Development (05/22)
The World Business Council for Sustainable Development publishes a report in advance of next month's Rio+20 Conference, warning that a radical adaptation in the use of natural capital is required.
Race Between Sustainability and Over-Consumption Continues (05/16)
The third annual MIT survey of corporate executives suggests that sustainability is increasingly a management agenda item, while a report from WWF finds that global consumption patterns are still unsustainable.
UNDP Reports on Outlook for Sustainable Development in Asia-Pacific (05/10)
Exploring both widespread poverty and the impacts of climate change on the region, the report warns that the private sector and other stakeholders must act in order to galvanize government action.
Sustainable Investment by Pension Funds Total Less than One Percent of Assets (05/04)
Despite the necessity of a low-carbon economy and the opportunities for investment in the transition, efforts by governments and institutional investors remain inadequate. Second of a two-part series.
EIRIS Reports on Sustainability Practices of Largest Global Companies (05/03)
Companies in the US and Asia lag behind their peers in Europe, while significant differences persist among corporate approaches to sustainability.
US Banks Receive Failing Grades for Financing Coal (05/01)
While most of the nation's largest banks have publicly stated commitments addressing mountaintop removal coal mining and coal-fired power generation, the financing of such projects continues.
UKSIF Endorses Key Investor Initiatives for Rio+20 (04/30)
The Natural Capital Declaration commits financial institutions to integrating environmental considerations into their products and services, while the Corporate Sustainability Reporting Coalition seeks a convention on corporate reporting.
Retail Investors Invited to Discussion on Fracking (04/26)
Moxy Vote provides a forum for individual investors to vote their proxies, and invites them to weigh in on hydraulic fracturing resolutions at Chevron and Exxon Mobil.
EPA Finalizes Rules on Emissions from Fracking (04/23)
Drillers of new wells that use hydraulic fracturing to access natural gas resources have until 2015 to employ green completions to capture methane and other chemicals before they are released into the environment.
New Exchange Traded Fund Will Support Sustainability Themes (04/21)
A portion of the assets of AdvisorShares Global Echo ETF will support the Global Echo Foundation, a charitable foundation co-founded by Philippe Cousteau.
EPA Proposes Carbon Pollution Standard for New Power Plants (03/29)
The standard, which will be the first to limit emissions from the largest individual sources of carbon pollution in the US, will not be applied to existing plants or those to be built in the next 12 months.
Shell Heads for the Arctic (03/26)
While the company contends with activist nongovernmental organizations such as Greenpeace, it remains unclear if sustainable investors are engaging with it on the potential cost of an oil spill cleanup.
Investors Observe World Water Day 2012 with Focus on Land Grabs (03/22)
The focus of this year's World Water Day is on water and food security, and the Interfaith Center on Corporate Responsibility launches a campaign to educate institutional investors on the impacts of large acquisitions of farmland in the global South.
Climate Change Imperils Coastal Cities in US (03/21)
In a new report, Climate Central finds that millions of US residents are at risk from rising sea levels and increasing numbers of storm surges.
Investors Continue Pressure for Fracking Disclosure (03/09)
Two guides for investors and companies engaged in hydraulic fracturing have been published in recent months, and four of ten shareowner resolutions calling for increased disclosure of risks have been withdrawn.
Benefits of Large-Scale Low-Carbon Transition Will Take a While (03/06)
The authors of a new study find that even a rapid transition to clean energy will not produce climate benefits until the second half of this century, while converting coal to natural gas will have little positive effect.
Reinsurers Call for National Climate Policy (03/05)
After a year in which losses due to extreme weather events totaled $44 billion, representatives of the reinsurance industry call on US policymakers to acknowledge the reality of climate change and take action on a national policy.
EPA and Partners Announce Recipients of First Climate Leadership Awards (03/03)
Companies are recognized for greenhouse gas management through goal setting and achievement, supply chain leadership, and overall organizational leadership.
On a Bumpy Road Toward the Sustainable World (03/01)
A morning's reading ranges from Davos to ESG metrics, and the prevailing message is that improved collaboration among all stakeholders is necessary to rescue the world from an unsustainable future.
As You Sow Publishes Proxy Preview (02/29)
The report notes an exponential increase in resolutions addressing the various forms of corporate political spending, while the community impacts of hydraulic fracturing and financial risks associated with coal lead environmental resolutions.
Zevin Asset Management Grows into a Corporate Engagement Powerhouse (02/28)
The Boston-based investment manager, with $335 million in assets under management, has co-filed 14 shareowner resolutions for the 2012 proxy season.
Investors Urge Large Corporations to Move Beyond Reporting and Take Carbon Action (02/23)
The Carbon Action initiative of the Carbon Disclosure Project, launched last year on behalf of 34 institutional investors, now has 92 signatories with more than $10 trillion in assets under management.
Resolutions or Engagement? Ceres Prepares for Proxy Season by Using Proxy Ballot to Encourage Change (02/21)
SocialFunds.com talks with Rob Berridge of Ceres about the organization's past success and its plans for driving change in the stewardship of the environment through shareowner resolutions.
US Joins in Launch of Initiative to Reduce Short-Lived Climate Pollutants (02/17)
The Climate and Clean Air Coalition, a partnership of the UN Environment Program and six countries, seeks to encourage reductions in methane, black carbon, and ozone that could reduce global warming and avoid millions of premature deaths.
Shareowners Continue Campaign for Disclosure of Risks Associated with Fracking (02/10)
Ten shareowner resolutions addressing hydraulic fracturing have been filed thus far for the 2012 proxy season, and proponents for improved disclosure look to improve upon last year's 40% vote in support.
Google Tops Greenpeace International's Cool IT Leaderboard (02/09)
The Internet giant is cited in Greenpeace's fifth ranking of information technology companies for its commitment to renewable energy and its public advocacy for clean energy policies.
ICCR Publishes 2012 Proxy Resolutions and Voting Guide (02/07)
The Guide reveals a focus by members of the Interfaith Center on Corporate Responsibility on social issues and corporate engagement.
Interview: Cary Krosinsky, Editor of Evolutions in Sustainable Investment (02/03)
SocialFunds.com talks with Krosinsky about the challenges to as well as the inevitability of a mainstream uptake of sustainable investing strategies.
States Require Insurers to Respond to Climate Risk Survey (02/02)
California joins New York and Washington in requiring insurers that that write in excess of $300 million in premiums to respond to the National Association of Insurance Commissioners' Climate Risk Survey.
A 30% Reduction in EU Emissions by 2020 will be Cheaper than Expected (02/01)
Noting that emissions reductions reached 14% by 2010, the European Commission concludes that a 30% cut will cost less than anticipated, and the Institutional Investors Group on Climate Change calls for incentives to stimulate private investment.
UN Adaptation Database Highlights Corporate Sustainability Efforts (01/30)
The UN Framework Convention on Climate Change publishes an online database featuring case studies of climate change adaptation activities undertaken by private companies.
Book Review: Evolutions in Sustainable Investing: Strategies, Funds and Thought Leadership (01/28)
Trucost executive Cary Krosinsky edits a book of essays demonstrating that sustainable investment in an era of growing resource scarcity yields significant opportunities for portfolio outperformance.
Congressional Recipients of Oil Industry Money Overwhelmingly Support Controversial Pipeline (01/17)
An analysis by MapLight reveals that of the 118 House members who report the oil and gas industry among their top ten contributors, only two voted against legislation calling for construction of the Keystone XL pipeline.
Investors Vow to Address Climate Change even as Congress Fails to Act (01/16)
At the Investor Summit on Climate Risk & Energy Solutions, hosted by Ceres, institutional investors note progress in managing climate change in their portfolios, but warn that further action must be taken now.
Emerging Markets Investors Advised to Factor for Cost of Carbon (01/13)
SinCo and Trucost produce a report that identifies risks of a carbon tax to high-emitting companies, while analyzing the carbon footprints of South African equity funds.
EPA Launches Database of High Emitters (01/13)
2010 greenhouse gas emissions data reveals that power plants were the largest stationary sources of direct emissions, with 96 of them among the 100 facilities reporting the highest levels of emissions.
Investors Advised to Increase Climate-Sensitive Allocations and Engage with Companies and Policymakers on Climate Change (01/11)
Mercer follows up groundbreaking 2011 study of the economic costs of climate change with a survey of the climate change-related investment strategies of institutional investors.
The Pros and Cons of COP17 (01/09)
Nations agree to agree on a binding emissions reduction treaty, and the Green Climate Fund is established, but details on both are lacking and may not prevent warming of more than two degrees Celsius.
Climate Change and COP17 from an African Perspective (01/03)
SocialFunds.com talks with Graham Sinclair, President of AfricaSIF, about his impressions of the recently concluded climate change conference held in South Africa.
Top Sustainable Investment Stories of 2011 (12/31)
Many sustainable investors see affinities between their concerns and those of the Occupy Movement, and global emissions from the burning of fossil fuels in 2010 were the highest in human history.
Scientists Urge GOP Candidates to Accept Climate Science (12/30)
In advance of early primaries, scientists in Iowa and New Hampshire urge Republican presidential candidates to accept climate science and support efforts to reduce greenhouse gas emissions.
Greenpeace Ends Unfriend Coal Campaign Targeting Facebook (12/28)
The social media giant agrees to reduce its reliance on coal-powered electricity by siting its data centers where renewable energy sources are available.
Investors Provide Guidance for Companies Engaged in Hydraulic Fracturing (12/15)
SocialFunds.com talks with Richard Liroff of the Investor Environmental Health Network about a collaborative effort with the Interfaith Center on Corporate Responsibility to minimize risks associated with fracking through key performance indicators and best practices.
EPA Finds Drinking Water Tainted by Fracking (12/13)
An analysis by the Environmental Protection Agency finds that hydraulic fracturing is responsible for polluting the drinking water in Pavilion, Wyoming.
What Happened at COP17? (12/12)
Negotiators leave Durban without a plan to stop climate change but with an agreement to pursue a binding pact, and investors look for signs that support increased investment in climate change mitigation and adaptation.
Unilever Tops Scorecard of Companies Addressing Climate Change (12/07)
In the fifth annual Scorecard produced by Climate Counts, Unilever supplants Nike for the first time as the leader in corporate emissions reduction, public policy, and reporting.
Largest South African Companies are Responding to Climate Change but Need to do More (12/06)
With the COP17 climate change conference occurring in South Africa, EIRIS analyzes the climate change performance of the 40 largest companies listed on the Johannesburg Stock Exchange.
Global Emissions Break Records in 2010 (12/05)
Scientists at the Global Carbon Project find that despite a persistent economic downturn, emissions from burning fossil fuels increased 5.9% in 2010 and reached highest level recorded in at least the last 800,000 years
BankTrack Names Banks Funding Dirty Coal Power Plants (12/02)
Four US banks top the list of those spending the most on financing the construction of new coal-fired power plants.
IPCC Links Extreme Weather Events to Climate Change (11/21)
In a summary released for policymakers in advance of its full report, the Intergovernmental Panel on Climate Change considers it highly likely that the increase in extreme weather events and disasters is due to man-made climate change.
Investors Support Administration's New Fuel Efficiency Standards (11/19)
Ceres says that 54.5 mpg by 2025 will add jobs to the economy, increase auto industry competitiveness, and reduce greenhouse gas emissions.
Support by Mutual Funds for Sustainability Proposals Increases, but is it Happening Quickly Enough? (11/16)
SocialFunds.com talks with Jackie Cook of Fund Votes about the results of voting by mutual funds on shareowner proposals in 2011 relating to sustainability.
Window of Opportunity for Acting on Climate Change Closing Fast (11/12)
The International Energy Agency warns that without a binding international agreement within five years, global temperatures could increase by 6°C.
Administration Punts on Controversial Oil Pipeline (11/11)
The State Department's decision to review planned route through Nebraska is likely to put off a final decision until 2013.
I Was Never a Climate Change Skeptic, Physicist Richard Muller Now Says (11/08)
In a study partly funded by the Koch brothers, a team of Berkeley physicists conclude that climate change is real and that studies debunked by skeptics were in fact accurate.
Business Partnership Supports Administration's Goals for Climate Change Adaptation (10/31)
Calvert Investments and other companies form the Partnership for Resilience and Environmental Preparedness to support business cooperation in developing a national strategy for adapting to climate change.
Time to Improve the Equator Principles, BankTrack Says (10/24)
As the Equator Principles Association prepares a draft of new principles, BankTrack calls for increased transparency and more attention to climate change and human rights.
New Green Bonds Product Will Support Climate Protection (10/20)
State Street Global Advisors says its High Quality Green Bond product will invest in green bonds issued by supranational or multilateral development banks.
Investors Managing $20 Trillion in Assets Call for Climate Change Policies (10/19)
A coalition of 285 institutional investors say that effective domestic policies and a binding international agreement are needed to spur private investment in clean technologies.
Why the Newsweek Green Rankings are Important (10/18)
SocialFunds.com talks with Cary Krosinsky of Trucost about the methodology and the significance of the findings of this year's results.
Munich Re and IBM Lead Companies in Newsweek's 2011 Green Rankings (10/17)
IBM moves up from third place finish last year to first in US, and HP ranks second for second year in row; Dell drops from first to fifth, and Munich Re tops list of global companies.
SRI in the Rockies: Public Policy as a Strategic Tool for Sustainable Investment (10/08)
Leading voices for shareowner action discuss public policy engagement at this year's SRI in the Rockies conference.
Mainstream Support for Environmental Resolutions Grows (10/07)
A resolution calling for a report on social and environmental risks to Smuckers coffee business, filed by sustainable investors, gains wide support from mainstream shareholders as well.
US Companies Don't Wait for Regulation, Address Climate Change to Compete (09/21)
The Carbon Disclosure Project's survey of S&P 500 companies finds that the number integrating climate change into business strategies nearly doubles.
Sustainability Issues Persist but Urgency to Address them Declines (09/20)
A survey of sustainability experts finds that while issues such as energy, climate change, and water scarcity remain critical, a sense of urgency in dealing with them is declining.
Trillium Wraps Up 2011 Proxy Season (09/19)
Asset management firm's resolutions led to successful engagement on environmental reporting, political spending, and Internet privacy.
More Large Companies Have Climate Change Strategies (09/16)
In its most recent annual report, the Carbon Disclosure Project finds that for the first time a majority of Global 500 companies integrate climate change into business strategies.
Google Finally Comes Clean on Energy Usage (09/12)
The IT giant's energy consumption continues to grow, but with the help of renewable energy sources and the purchase of carbon offset credits the company claims to have been carbon neutral since 2007.
Book Review: Tropic of Chaos, by Christian Parenti (09/07)
Author Christian Parenti writes of how the catastrophic convergence of poverty, violence, and climate change is already destabilizing regions of the world, and of the worldwide conflagration that is likely to occur if climate change remains unchecked.
Insurers Unprepared for Climate Change (09/02)
A report from Ceres analyzes responses from insurance companies to a survey by the National Association of Insurance Commissioners, and calls for mandatory disclosure to correct failures of risk management.
SEC Considering Oversight of Hydraulic Fracturing (08/31)
As investor concerns over the risks of hydraulic fracturing increase, news reports indicate that the Commission is asking companies for information relating to chemicals used in the practice.
Trucost Environmental Data to Reach More Investors (08/19)
The environmental research provider partners with FactSet to add environmental risk management to the financial research company's offerings to clients.
Shareowners Pressure Smucker's on Climate Change (08/16)
Noting insufficient attention to the impact of climate change in the company's sustainability report, Calvert Investments and Trillium Asset Management call for a report on social and environmental risks to its coffee business.
Investors Ask Companies to Send Trade Associations to Neutral Corner (08/12)
Walden Asset Management and Calvert Investments write to companies on the boards of the Chamber of Commerce and the National Association of Manufacturers, urging them to ask trade associations to end campaign against EPA regulation of climate.
Investor Group Supports Australian Carbon Tax (08/09)
The Investor Group on Climate Change argues that industry opponents to the proposed tax of $25 per ton of carbon emissions have issued "misleading or mistaken" statements.
Is the Carbon Bubble About to Burst? (07/28)
The Carbon Tracker Initiative finds that if global warming is to be contained, 80% of fossil fuels must remain unburned, leaving asset owners with holdings in the fossil fuels industries at risk.
What Is the Real Social Cost of Carbon? (07/27)
A new report from the Economics for Equity and the Environment Network argues that the figures arrived at by the US government are far too low, and that climate change mitigation is far less expensive than climate damage.
TIAA-CREF Publishes 2011 Socially Responsible Investing Annual Report (07/26)
The report describes the accomplishments of the $470 billion financial services company in promoting sustainable investment according to environmental, social, and corporate governance (ESG) criteria.
UKSIF Reflects on Twenty Years of Growth in Sustainable Investment (07/20)
A report issued by the organization celebrates the growth of sustainable investment in the UK to $1.5 trillion, while acknowledging that more needs to be done to meet national emissions reduction and renewable energy goals.
Urgently Needed: Nothing Short of a Technological Revolution (07/13)
A new report by the UN Department of Economic and Social Affairs warns that steps taken thus far to address climate change and food security are woefully insufficient, and argues that $1.9 trillion per year must be spent to end poverty and avert effects of climate change.
EPA Finalizes Cross-State Air Pollution Rule (07/12)
The rule covers emissions in 27 states in the eastern US and is expected to save as much as $280 billion a year in health and environmental costs.
As You Sow Reports on Investment Risks Associated with Coal (07/06)
As shareowner support grows for resolutions addressing risks of reliance on coal and coal ash, a white paper details the decline of the industry's profitability.
Shareowner Support for Environmental Resolutions Continues to Grow (06/28)
Tracking by Ceres of this year's environmental resolutions reveals that the average support for hydraulic fracturing proposals increased to 40% in 2011, up from 30% in 2010.
Don't Believe in Climate Change? Then Adapt for Competitive Reasons. (06/24)
SocialFunds.com talks with Hunter Lovins, author of Climate Capitalism and President of Natural Capitalism Solutions, about the business opportunities presented by adaptation to climate change.
MSCI Launches MSCI ESG Manager (06/23)
The MSCI ESG Manager, designed to help asset managers and owners manage ESG research, analysis, and compliance, includes on a single platform all of MSCI's research and analysis of companies listed on the MSCI World index.
Report Recommends Private Sector Adaptation to Climate Change (06/21)
While corporate signatories to the Caring for Climate initiative understand the risks and opportunities presented by climate change, few are taking concrete steps to formulate adaptive strategies.
Report Surveys Climate Change Strategies of Global Investors (06/15)
Three investor networks collaborate on a new report that details the different approaches to climate change among investors in North America, Europe, and Australasia.
Investors Call on Russell 1000 Companies to Address Sustainability (06/08)
Led by Ceres, a coalition of investors representing more than $1 trillion in assets under management writes to the CEOs of Russell 1000 companies, urging them to increase corporate attention to sustainability issues.
Resolutions Addressing Hydraulic Fracturing Continue to Attract Shareowner Support (06/03)
At annual meeting of Ultra Petroleum, the company refuses to permit shareowners to present their proposal, but votes in favor double that of 2010.
Global Emissions Reach Record High in 2010 (06/01)
The International Energy Agency finds that, following a decline in global emissions in 2009, they increased by five percent over the previous record year, adding to the challenge of meeting reduction goals established at Cancun last year.
Investors Call on World Leaders to Act Now on Climate Change (11/18)
A coalition of 259 institutional investors call for an agreement at this month's climate conference that will stimulate the private investment necessary to address climate change.
CDP Water Issues First Annual Report on Corporate Water Usage (11/16)
Backed by 137 institutional investors, the Carbon Disclosure Project initiative asks 302 large companies in water-dependent industry sectors to report on water usage.
EPA Finalizes Emissions Reporting Rules for Petroleum and Natural Gas Industry (11/15)
Large facilities in the industry will be required to monitor and report all greenhouse gas (GHG) emissions to the EPA.
Institutional Investors Ask SEC to Clarify That Climate Change is a Material Risk (12/10)
Despite regulatory and legislative progress, the failure of companies to disclose risks remains widespread, according to the request for interpretive guidance.
New Sustainable Transportation ETF to be Launched on NASDAQ (09/02)
Index-based ETF to track companies offering green solutions to growth in worldwide transportation.
Bob Monks: ExxonMobil Exemplifies Corpocracy (06/30)
SocialFunds writers Bill Baue and Francesca Rheannon interview corporate governance advocate Bob Monks about his shareholder activism at ExxonMobil and his new book, Corpocracy.
Shelley Alpern on How Tar Sands Perpetuate Petro-Addiction (06/26)
SocialFunds writer Bill Baue speaks with Shelley Alpern of Trillium Asset Management about its shareholder activism on oil company exploitation of tar sands.
Will 2008 Be the Year Congress Acts on Climate Change? (05/21)
Institutional investors send a message to Congress that action on climate change policy is a business imperative.
Tracking Suppliers' Carbon Footprints (05/01)
The Carbon Disclosure Project reports on the carbon emissions of some of the world's largest corporations' supply chains.
Climate Change Resolutions Picking Up Heat (04/18)
A new report from Ceres shows mutual funds are starting to move away from voting against climate change resolutions, to not voting on them at all.
Ford Establishes Greenhouse Gas Reduction Plan (04/15)
Shareholders withdraw resolutions at Ford after the carmaker agrees to release its plans on how it will decrease greenhouse gas emissions.
New Fund Invests in Tomorrow's Green Stars (04/09)
ThinkCapital launches a green growth fund that focuses on sustainable companies.
Greenhouse Gas Emission Standards Released (04/08)
The Climate Registry publishes its greenhouse gases emission methodology.
Citi Addressing Climate Change (04/08)
Citi becomes a Ceres network company on the heels of embracing the Carbon Principles.
New Coal Plants: At What Cost? (03/20)
Uncertainties abound around the 100-plus proposed US coal-burning power plants contends a report from the Interfaith Center on Corporate Responsibility.
Fighting Climate Change, State by State (02/27)
A core group of state treasurers and controllers are moving their investments into environmentally friendly and clean tech funds, while thinking big about climate change.
Economics Push Green Technology (02/20)
New study from PricewaterhouseCoopers reports the technology sector will benefit from the "Green Movement."
Institutional Investors Plan Long-term for Climate Change (02/20)
Summit at the UN unveils an action plan for addressing climate change risks and opportunities.
US Carbon Trading on the Way (02/15)
Analysts predict in 2020 the US will have a $1 trillion carbon trading market.
Foundations Move Toward Mission Related Investing, One Foundation at a Time (02/15)
Climate change issues may push foundations to examine their portfolios and proxy voting policies.
Joel Makower on the GreenBiz.com State of Green Business 2008 Report (02/01)
GreenBiz founder talks about the inaugural report, which surveys the top 10 green business stories of 2007 and introduces the GreenBiz Index.
Growing Interest In Green Investing (01/31)
New research shows that individual investors think the environment is hot, with solar energy an important investment opportunity.
Are Banks Getting Caught With Their Umbrellas Down? (01/14)
A new report from the RiskMetrics Group ranks 40 of the world's largest banks responses to climate change risks and possibilities.
Jolly Green Giant: Google Gives the Green Light to Alternative Energy (12/04)
Google promises millions of dollars to create inexpensive renewable energy.
Launch of Five Climate Change Funds May Enrich Investors, But Won't Save the World (11/15)
Deutsche Bank, F&C, HSBC, Schroders, and Virgin Money launch climate funds, a trend that validates the role of finance in addressing--though not solving--global warming.
Growing Up Green: Winslow Offers New Mid-Cap Green Mutual Fund (11/13)
As the green market place expands, Winslow launches a mutual fund to capitalize on middle-sized growth companies that offer green solutions.
Green Financial Products Take Root in North America (11/01)
A new report commissioned by UNEP FI lists green financial services and products as it makes the case for green banking's environmental, social, and economic benefits.
Are Colleges Only Green Skin Deep? (10/31)
The Sustainability Report Card 2008 examines colleges and universities dedication to sustainability, on campuses and in endowment portfolios.
Connecting the Dots Between Climate Change, Companies, and Financial Performance (10/30)
Laying the groundwork for new investment products, Innovest releases the first study relating how companies manage climate change risk to their financial performance.
Risking the Weather: The Insurance Sector Faces Climate Change (10/24)
A new report sponsored by Ceres and written by Evan Mills, one of the recipients of the 2007 Nobel Peace Prize with Al Gore, highlights new products offered by the insurance sector in response to the changing climate.
Emissions Trading Commodifies Carbon, But Does It Really Help Solve Climate Change? (10/15)
Proponents of carbon trading see markets as the best mechanism for reducing emissions, while critics characterize carbon trading as a devil's bargain that steers profits to polluters.
Companies, Carbon and Climate Change: The Carbon Disclosure Project Issues its 5th Global Corporate Climate Change Report (09/24)
More companies are moving from simple carbon awareness to carbon action, but further work still needs to be done.
Big Bosses Embrace Corporate Responsibility (09/21)
A new survey of executives finds many companies are increasing their spending on environmental, social, and governance issues, in spite of a decline in business confidence.
Leave Only Footprints: Measuring and Managing Corporate Carbon Emissions (09/04)
Corporate carbon footprinting is on the rise, but so too is the number of footprint methodologies, challenging companies and investors to discern the best options. Part two of a two-part article.
Fiddling While The Planet Burns: Mainstream Investment Funds Blinkered To Climate Risk (08/25)
Part one of a two-part article looks at the lack of climate risk calculations by UK fund managers. Part two will examine some new tools for assessing climate risks to investments.
Jitters About Regulatory Outlook Rile Confidence in Coal Mining Stocks (08/12)
Growing political momentum for enacting state and national laws to reduce CO2 emissions is raising worries among investors of the long term viability of the coal industry.
ABN Amro: Honored for its Global Sustainability Work and Called Out for Its Climate Change Finance (06/29)
The Financial Times awards banking goliath ABN Amro its 2007 Sustainable Banking Award while a new report points to the bank's carbon-intensive investments.
Biofuels: Keeping Good Intentions on the Right Path (06/27)
With the biofuels industry growing by leaps and bounds worldwide, controversy is erupting over whether this important new energy source is truly as sustainable as it claims to be.
SustainAbility Predicts How Sustainable Development Will Play Out Over Next Two Decades (06/15)
Part two of this two-part article looks at a recent report from SustainAbility that projects four scenarios of potential developments in sustainability over the next 20 years.
Brundtland Report Celebrates 20th Anniversary Since Coining Sustainable Development (06/11)
Part one of this two-part article examines how the Brundtland Report has promoted sustainable development over the past two decades.
Banking on the Future: The Two Biggest US Banks To Dedicate Billions to Halting Climate Change (05/16)
Citigroup and Bank of America have pledged billions of dollars to help fight climate change while a new report questions Chinese banks' environmental policies.
Risky Business: The Outlook for Investing in Nuclear Power (05/10)
A new report scrutinizes the nuclear industry from an investor's perspective and finds a rotting fantasy of cheap energy and huge returns.
Book Review: Deep Economy: The Wealth Of Communities And The Durable Future (05/07)
Author Bill McKibben's latest book helps lay the groundwork to create a more livable and viable world in which less is actually better.
Corporate Social Responsibility: Perfect Playing Field for Tipping Points and Cognitive Frames (04/25)
The Lifeworth review of CSR developments in 2006 fuses two popular concepts on social beliefs and change to promote personal, corporate, and societal transformation.
Carbon Offsets: Modern-Day Indulgences to Assuage Carbon Guilt or Market Mechanism for Supporting Clean Energy (04/04)
Even as they gain popularity as a climate change solution, carbon offsets have come under considerable criticism for diluting action on global warming--the truth likely resides between these extremes.
Concerned Investors and Businesses Call for Congress to Pass a Carbon-Cap or Wear a Dunce Cap (03/27)
A large group of institutional investors and US companies call on the federal government to pass legislation to fight climate change that includes a demand for mandated cuts in greenhouse gasses.
Mutual Funds Inch Toward More Conscientious Proxy Voting on Social and Environmental Resolutions (03/14)
Corporate social responsibility resolutions addressing climate change reveal the increasing complexity of assessing proxy voting records.
New Bond Index Focuses on Climate Change (03/06)
JP Morgan Chase and Innovest introduce the first bond index that addresses climate change risks and possibilities.
Citigroup, Lehman Brothers, and UBS Report on Climate Risks and Opportunities for Investing (02/27)
Lehman Brothers and UBS agree climate change represents a market failure for neglecting to price carbon externalizations in valuations, while Citigroup makes specific stock picks.
Business for Social Responsibility Fuses the Theoretical and Practical to Promote Sustainability (02/20)
SocialFunds.com speaks with Aron Cramer, CEO of Business for Social Responsibility, about past developments in corporate social responsibility and future trajectories of sustainability.
S&P 500 Lags on Climate Disclosure, Electric Utilities Burning Economic Value Into Carbon (02/05)
Two recent reports use findings of the 2006 Carbon Disclosure Project to assess limits of transparency on climate risks and opportunities and drag on value creation at electric utilities.
Inaugural Report Card Grades College Sustainability on Endowment and Campus Efforts (01/29)
The Sustainable Endowments Institute study finds endowment sustainability lagging campus sustainability policies and initiatives.
Global 100 List Raises the Profile of Sustainability at the World Economic Forum (and Beyond) (01/25)
Competition to make the third annual list of the 100 most sustainable companies--based on ratings by Innovest--continues to spur strong corporate social and environmental performance.
From Competition to Cooperation: Companies Collaborate on Social and Environmental Issues (01/19)
Collaborative initiatives bring together companies, investors, and activists to address issues such as online freedom of expression, climate change, and labor rights in the global supply chain.
Top Five Socially Responsible Investing News Stories of 2006 (01/05)
Green investing booms, microfinance pioneer wins Nobel Peace Prize, shareowner democracy increases, resolutions receive record votes, and UN launches Principles of Responsible Investment
Launch of Three New Clean Tech Indexes Culminates Banner Year for Green Investing (12/29)
The three Jefferies Global Clean Technology Indexes join the half-dozen green indexes introduced this year.
Costs of Carbon and Coal: Examining Emissions Trading Scheme Impact on Shareowner Value (12/22)
WWF and SAM Group collaborate on a study modeling impacts of rising costs of carbon dioxide emissions on the valuation of German utility RWE, the biggest private carbon emitter in Europe.
Rainforest Action Network Seeks to Stem Flow of Financing to TXU Coal Project (12/20)
Part two of this two-part articles addresses how RAN sent a letter to 54 banks urging them to withhold funding from a TXU plan to build 11 pulverized coal-burning power plants in Texas.
TXU Shareowners File Three Resolutions Questioning Wisdom of Pulverized Coal Plants (12/19)
Part one of this two-part article examines how shareowners are raising environmental and regulatory concerns over the TXU coal expansion plan, as well as environmentally preferable alternatives to coal such as energy efficiency.
How to Do Sustainble Banking (12/06)
BankTrack, a coalition of nongovernmental organizations promoting social and environmental responsibility in the finance sector, issues a guide to best practices in sustainable banking.
Eight Percent of Fortune 500 Taking EPA Challenge to Double Their Green Energy Use (12/05)
Fortune 500 companies are installing renewable energy generation on-site as well as purchasing green power directly or through renewable energy certificates.
Ecosystem Depletion Presents Businesses with Risks and Opportunities (11/29)
Four prominent environmental and business organizations report on the business risks and opportunities associated with ecosystem crises such as climate change and water scarcity.
Book Review: Green to Gold: How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage (11/20)
The plethora of real-life examples of corporate environmental initiatives is where readers will find value in this book from two authors associated with Yale.
Dear Sir or Madam: Stakeholder Letters Push Corporate Sustainability Improvements (11/16)
Letters remains an important mode for addressing environmental, social, and governance issues, encompassing a broader swath than simply communication between shareowners and companies.
Merrill Lynch and World Resources Institute Issue Second Auto Sector Climate Change Report (11/15)
The report again balances stock picking and investment analysis with in-depth discussion of regulatory and market developments in response to global warming and energy security concerns.
As Climate Debate Matures, Companies Strategize Solutions and Investors Push for Disclosure (11/03)
Companies are taking tangible actions to minimize risks and seize opportunities related to climate change, while investors promote more robust climate-related disclosure.
Two New ETFs Fight Climate Change: One Bridges Shift to Cleaner Energy, One Pushes Cleantech (11/02)
The PowerShares WilderHill Progressive Energy Portfolio and the PowerShares Cleantech Portfolio offer investors increasing choice for investing in climate change solutions.
Pax World Drops Zero Tolerance Screens on Alcohol and Gambling (10/26)
SocialFunds.com speaks with Pax World CEO Joe Keefe about changes approved today, including the addition of governance, climate change, and human rights screens.
Votes for Social and Environmental Resolutions Rising, But Proxy Firm Support Still Lagging (10/23)
Over a quarter of social and environmental resolutions topped 15 percent support this proxy season, but proxy advisory firm recommendations supporting such proposals remain low.
Investors Call on S&P 500 Companies to Use New Global Reporting Initiative G3 Guidelines (10/05)
Only 13 percent of the S&P 500 issues GRI reports--those that do see the move as insulating them against the possibility of future mandated disclosure on issues such as climate risk.
FTSE4Good Deletes Nine Companies on Environmental and Supply Chain Labor Standards (10/04)
FTSE4Good criteria promote incremental progress in corporate social responsibility performance, and climate change is the latest topic covered in newly proposed standards.
Why Aren't We Here Yesterday? A Conversation with Social Investment Forum CEO Lisa Woll (09/28)
SocialFunds.com speaks with Lisa Woll as well as SIF President Tim Smith about the new CEO position and the future direction of SIF and socially responsible investing generally.
BP, John Deere, Goldman Sachs, and Allianz Among Renewable Energy Award Winners (09/27)
The third annual award ceremony, sponsored by Euromoney and Ernst and Young, took place during the Renewable Energy Finance Forum.
Pennsylvania Treasurer Keys into Clean Tech Investing and Green Screens (09/21)
Keystone Green Investment Strategy commits state to $40 million in green private investments, $50 million shifted to managers investing in clean tech, and environmental screening.
Carbon Disclosure Project Finds Tipping Point in Awareness But Not Action on Climate Risks (09/19)
CDP4 reveals almost three quarters of FT500 tracking their greenhouse gas emissions, but less than half of those who think climate change poses risks are reducing GHG emissions.
Hydropower Stocks as an Alternative Energy Play (08/31)
Phaethon and Creative Investment Research recommend hydro to gain exposure to the energy boom, contending new technologies offer potential for reducing environmental impacts.
How Insurers Are (and Are Not) Tackling Climate Risk in Underwriting, Investing, and Policies (08/29)
A new report from Ceres identifies almost 200 activities recently introduced by insurers to address climate change, but calls on the industry for further action.
Trucost Joins Yale Professor to Devise Tool to Gauge Financial Cost of Environmental Impacts (08/25)
Professor Robert Repetto and Trucost Researcher Dan Dias apply the TRUEVA methodology for measuring externalities in financial terms to the US electric sector, which scores terribly.
Benchmarking Corporate Climate Change Mitigation to Scientific Targets (08/15)
The Center for Sustainable Innovation launches a new tool for measuring corporate sustainability using emissions reductions goals set by science, not business or politics.
Book Review--International Documents on Corporate Responsibility (08/04)
A comprehensive compendium of important codes on corporate social responsibility.
ADVANCE Converts Corporate Environmental Metrics Into Monetary Terms (08/03)
The transparent methodology stands to advance corporate social responsibility and socially responsible investing, but it remains to be seen if it measures true sustainability.
Biofuels May Not Be Sustainability Panacea, According to Bank Sarasin Report (08/02)
The report identifies strengths and weaknesses of biofuels from social and environmental perspectives, as well as positing minimum sustainability criteria to qualify for investment.
BP, Suncor, and Shell Top Oil Sector Sustainability Rating; Chevron and ExxonMobil Rank Low (08/01)
The report by Jantzi Research examines 23 oil companies worldwide on environmental issues such as greenhouse gas emissions as well as human rights and other social issues.
The Pages of Corporate Sustainability and Responsibility (07/28)
Books addressing climate change dominate the fourth annual SocialFunds.com Summer Reading List recommended by socially responsible investing and corporate social responsibility leaders.
Trillium Takes the Reins from Winslow in Managing the Green Century Balanced Fund (07/24)
The transition in portfolio managers has shifted the fund back to its roots as a core portfolio holding by reducing risk and diversifying holdings across the multi-cap space.
Does Trucost Measurement of Corporate Carbon Footprints Reduce Environmental Impacts? (07/03)
Trucost ranks the carbon intensity in UK portfolios, arguing for overweighting companies with lower carbon footprints to reduce ecological impact while maintaining performance.
World Resources Institute and Citigroup Team Up to Report on Solutions to Climate Change (06/15)
The report recommends a dozen companies poised to profit from a carbon-constrained future, including Archer Daniels Midland, Caterpillar, Cypress Semiconductor, GE, Itron, Johnson Controls, Monsanto, and Waste Management
Winslow and Jupiter Launch Global Green Fund Using Only Positive Environmental Criteria (06/12)
The Jupiter Green Investment Trust pioneers cross-continent collaboration and evolution from negative screening to positive sustainability criteria.
Book Review--Managing the Business Case for Sustainability: The Integration of Social, Environmental, and Economic Performance (06/07)
The book presents a wide breadth of academic and practitioner perspectives on corporate social and environmental sustainability.
Survey Starts to Pry Open Black Box of University Endowment Holdings and Proxy Voting (05/31)
The survey, conducted by the Sustainable Endowments Institute, finds the vast majority of universities and colleges veiling their holdings and proxy voting records in secrecy.
Applying an Ant Colony Mentality to Extra-Financial Factors and Enhanced Analytics (05/30)
A report from the Universities Superannuation Scheme, a member of the Enhanced Analytics Initiative, calls for diverse, community-wide advocacy of factoring extra-financials into research.
Ecological Community Loan Pool Directly Links Ecologically Minded Investors to Eco-Preneurs (05/23)
The portal created by Ecostructure Financial tweaks the community development financial institution model to allow investors to lend directly to startups solving environmental problems.
Japanese Fund First to Track KLD Global Climate 100 Index (05/19)
The construction methodology of the Global Climate 100 distinguishes it from other clean energy indexes, and distinguishes this fund from other Japanese eco funds.
Proxy Season Report Geared to Foundations Helps Others Navigate Proxy Landscape (05/08)
As You Sow Foundation and Rockefeller Philanthropy Advisors report allows for stepping back by providing a useful overview as well as an in-depth look at behind-the-scenes dialogue.
Corporate Action on Climate Change Improves Over Past Three Years, But Still Insufficient (03/28)
A report from Ceres benchmarks corporate governance on climate change, finding steady gains by leaders while some laggards leapfrog toward the top and other laggards stagnate at the bottom.
Cost of Clean Energy Decreases to Compete with Its Dirtier Counterparts, According to Report (03/21)
The Clean Edge report surveys clean energy, documenting market growth, strong stock performance, and expansion of venture capital investment, as well as projecting future trends.
US Banks Sink to the Bottom of the Barrel on Latest Sustainability Ratings from Oekom (03/14)
Most US banks fail to disclose enough information on their social and environmental performance to qualify for analysis, and only four of 21 analyzed earned above D-level grades.
Whole Foods Market Gags Shareowners at Annual Meeting (03/10)
A leader on corporate social responsibility, Whole Foods lags on corporate governance by stymieing shareowner democracy.
Wells Fargo Issues Alternative Energy Report to Join Ranks of Banks Advancing SRI Research (03/08)
The report provides an overview of the alternative energy market as well as the pros and cons of investment opportunities in wind, solar, hydroelectric, hydrogen, biomass, and even nuclear.
SEC Forces Chevron, Dow, and CVS to Include Shareowner Resolutions on Their Proxies (03/07)
Part two of this two-part article examines no-action activity thus far in the 2006 proxy season, focusing on attempts to apply the personal grievance rule and expand a new risk assessment rule.
Resolution Withdrawals Signal Success in Shareowner Advocacy Early in 2006 Proxy Season (03/06)
Part one of this two-part article examines withdrawal of resolutions on climate change, sexual orientation nondiscrimination, political contributions, and HIV/AIDS policies.
Bank Policies Fail to Meet International Social and Environmental Standards, Report Says (02/25)
The 39 banks assessed fall far short on global sustainability standards, and fail to disclose enough information on implementation to even be assessed by NGO coalition BankTrack.
Evergreen Solar and Energy Conversion Devices Rated Outperformers in Piper Jaffray Solar Report (02/23)
The report continues a trend of mainstream equity research using socially responsible investing strategies, and SRI funds confirm this assessment through wide exposure to these two companies.
Opening the Umbrella of Socially Responsible Investing to Include Energy Efficient Mortgages (02/21)
Indigo Financial Group promotes energy efficient mortgages, which have long been available through a Fannie Mae program but have yet to reach their market potential.
Financial Wonks Meet Treehuggers: New Tool Places Valuation on Corporate Sustainability (02/14)
The sdEffect analytical framework takes the next step in establishing metrics to translate sustainable development into valuation.
Two New Indexes Help Wean Us From Oil Addiction Via Clean Energy and Cleantech (02/10)
The WilderHill New Energy Global Innovation Index tracks clean energy companies internationally, while the Cleantech Index tracks cleantech companies in the US.
Using Mutual Fund Proxy Voting Data to Promote More Conscientious Voting (02/03)
The final installment of this multi-part series steps back to consider the implications of the findings and how to harness them to push mutual funds to support corporate social responsibility.
Two Sides of the Same Coin: Surveys Track Growth of Interest in CSR and SRI (02/01)
Part two of this two-part article focuses on a survey by McKinsey Quarterly on increasing interest from global corporate executives in corporate social responsibility.
Two Sides of the Same Coin: Surveys Track Growth of Interest in SRI and CSR (01/31)
Part one of this two-part article focuses on a survey by Mercer Investment Consulting on increasing interest from institutional investors in socially responsible investing.
Eroding Support for Shareowner Resolutions on Climate Change Revealed by Unpublished Data (01/25)
In part three of this multi-part article, SocialFunds.com examines unpublished data associated with a recent report on mutual fund proxy voting from The Corporate Library, and finds decreasing support for climate change resolutions.
Top Five Socially Responsible Investing News Stories of 2005 (01/05)
Socially responsible investing, corporate social responsibility, and microfinance embraced by the mainstream; shareowner advocates withdraw several climate change resolutions as companies agree to report; and exchange traded funds apply SRI strategies.
Are European Finance Sector Corporate Social Responsibility Initiatives Adequate? (12/23)
A report from a recent EU conference on CSR suggest so, while a Corporate Responsibility Coalition report says voluntary CSR initiatives and current regulation fall short.
Solar Energy Helps Fuel Socially Responsible Investing (12/15)
Managers from Winslow Green Growth Fund, New Alternatives Fund, and Portfolio 21 discuss the opportunities and challenges of investing in solar power.
Tool for Tracking Greenhouse Gas Reductions Launched at UN Climate Change Conference (12/13)
The World Business Council for Sustainable Development and the World Resources Institute release a GHG accounting tool for projects to complement their existing corporate-wide tool.
A Light Bulb Turns On: Goldman Sachs First Investment Bank to Adopt Environmental Policy (11/30)
The policy matches the robustness of other such policies recently adopted by global financial institutions, but the status of Goldman Sachs as an investment bank brings added significance.
New International Finance Corporation Sustainability Standards: Watershed or Watered Down? (11/23)
A group of socially responsible investors express concern over perceived shortcomings in the proposed IFC policy revisions, while the IFC points out where the policies break new ground.
Radical/Conservative: Innovest Integrates Sustainability Factors into Financial Analysis (11/17)
Innovest Strategic Value Advisors reconciles socially responsible investing research with traditional investment research by fusing social, environmental, and financial considerations.
Shareowner Empowerment Is Alive and Well: a Preview of the 2006 Proxy Season (11/16)
Part two of this two-part article examines the developing trends in shareowner activism as resolutions are filed for the upcoming proxy season.
Insurers at the Crossroads: Intersection Between Insurance and Sustainability is a Busy Corner (11/02)
Swiss Re exemplifies global sustainability leadership, as the chair of its US arm gives the keynote address at a summit on climate change and insurance in Connecticut.
SRI Research from UBS Strikes Balance Between Ethics and Economics (10/28)
The new socially responsible investing team at UBS quantifies the costs of corporate social and environmental impacts as a means of effecting ethical and economic rectification.
Wal-Mart Embraces Sustainability: Does the SRI Community Buy It? (10/26)
Socially responsible investors cautiously applaud Wal-Mart for committing to social and environmental sustainability, but remain highly skeptical about actual implementation.
Spreading SRI: Goldman Sachs Adds Its Own Twist in Social and Environmental Assessment (10/05)
As socially responsible investment strategies migrate into the mainstream, mainstream analysts apply social and environmental considerations in innovative ways.
Insurers Behind the Curve on Addressing and Disclosing Risks of Climate Change (09/29)
Two reports, one from Ceres and one from Friends of the Earth, concur that climate change is catching insurance companies, which are particularly impacted by global warming, unawares.
Third Carbon Disclosure Project Survey Finds Increasing Action on Climate Change (09/21)
CDP3, now sponsored by 155 institutional investors with more than $21 trillion in assets, also reveals some significant footdragging by the Financial Times 500 companies.
Banks and Financial Service Providers Figure Prominently in FTSE4Good Attrition, DJSI Matriculation (09/08)
Corporate social responsibility plays an important role at banks and financial service companies, which are not only recipients but also increasingly purveyors of socially responsible investment.
New KLD Index Benchmarks 100 Global Companies Proactively Addressing Climate Change (07/06)
While the G8 agreement on climate change may amount to hot air, the KLD Global Climate 100 Index will allow investors to support high-profile large-cap companies as well as little-known small caps actively mitigating climate change.
Chicago Climate Exchange Prepares 4-year Extension (07/01)
There are now over 100 members in the Chicago Climate Exchange (CCX).
Merrill Lynch and World Resources Institute Analyze Climate Change Investment Opportunities (06/21)
The jointly-produced report, the first such collaboration between a mainstream US investment bank and a environmentalist nonprofit, breaks new ground by issuing stock recommendations.
Book Review--The Next Sustainability Wave: Building Boardroom Buy-In (06/10)
Longtime IBM Canada executive authors a sequel book, adding new sustainability drivers and providing a comprehensive tool for convincing management to consider sustainability.
Nuclear Power: Still an Environmental Scourge or Now a Climate Change Mitigator? (06/09)
Despite prominent environmentalist opinions that low greenhouse gas emissions of nuclear power eclipse its problems, socially responsible investment funds still screen nukes out.
Report Equips Investors With Tools To Analyze Climate Risk in Uncertain Policy Atmosphere (06/03)
Investor Network on Climate Risk and World Resources Institute team up on a report that provides a framework for valuating climate risk in the absence of regulatory clarity.
The Ghost of a Shareholder Resolution Haunts ExxonMobil Annual Meeting (05/26)
Despite an unprecedented 28 percent vote for a first-year climate change resolution and strong support for seven others, the censoring of a resolution quashes shareholder democracy.
Institutional Investors Call on SEC, Wall Street, and Companies to Address Climate Risk (05/11)
The second Investor Summit on Climate Risk focused on information, from the perspectives of disclosure, data generation, and analysis, as a key to transforming climate risk into opportunity.
JPMorgan Chase Environmental Policy Triggers Tipping Point for US Bank Sustainability (04/29)
The JPMC policy surpasses environmental best practice established by Citigroup and Bank of America in some areas, but also lags these sustainability leaders in others.
Climate Change Offers Opportunities: An Interview with Tim Wirth, President of the UN Foundation (04/19)
At the Ceres conference in Boston last week, SocialFunds.com sat down with Tim Wirth to discuss the opportunities for companies presented by the climate change issue.
Vermont Issues Call to Investment Managers for Environmentally Sustainable Portfolio (04/14)
Request for Information asks investment managers about their positive and negative screening practices as well as financial performance, particularly of environmentally sustainable portfolios.
To Screen Or Not To Screen?: That May Not Be The Question For Fiduciaries (03/30)
Part two of this two-part article examines the opportunities and limitations that social and environmental sustainability screens present to pension funds and other institutional investors.
Shareowner Activists on Sustainability Take Baby Steps Into Sustainability Screening (03/25)
Part one of this two-part article surveys the landscape of US public pension fund screening of corporate social and environmental sustainability.
Faith-Based and Environmentalist Shareowners Withdraw Climate Change Resolutions at Six Companies (03/22)
The six oil and gas companies commit to measure, mitigate, and disclose data related to global warming, and evangelicals join their faith-based compatriots in concern over climate change.
Book Review--Corporations and the Public Interest: Guiding the Invisible Hand (02/22)
Steve Lydenberg eloquently describes corporate social responsibility and socially responsible investment, fields in which he is an expert, and recommends mechanisms to fuel their trajectories.
Binding Resolutions and Coordination Circumvent Structural Limitations of Shareowner Action (02/18)
A preview of the 2005 proxy season reveals tactics that challenge the systemic imbalance of power favoring corporate management and directors over shareowners.
Book Review--Cause for Success: 10 Companies that Put Profits Second and Came in First (02/09)
The profiles present a wealth of information supporting the claim that corporate social responsibility can enhance profitability, but little information critiquing this claim.
Top Five Socially Responsible Investing News Stories of 2004 (01/11)
Shareowner engagement shifted from confrontational to collaborative, sustainability analysis fused with financial analysis, and fiduciary duty expanded to include social and environmental issues.
Book Review--Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult Problems (12/21)
According to author Stuart Hart, sustainable global enterprise holds the key to reducing poverty, reversing environmental destruction, and even counteracting terrorism.
Two Reports Reveal Proxy Votes Rubber-Stamp Management Recommendations (12/08)
One finds the majority of top US mutual funds voting against climate change resolutions, the other finds contradictory proxy by Canadian pension fund managers.
Ford HIV Report Exemplifies New Shareowner Action Strategy (12/07)
Ford joins Coca-Cola, Cinergy, and others heeding shareowner resolutions requesting reporting on social and environmental issues, but it remains to be seen how far the strategy will extend.
Bhopal, Climate Change Require Shift From Legal Liability to Moral Accountability (12/03)
A report by SustainAbility examines how increasing legal liabilities are blending into moral liabilities, forcing companies to face social and environmental accountability.
Enhanced Analytics Initiative Offers Sell-Side Analysts Cash to Cover Intangibles (11/23)
A group of European institutional investors launched EAI to encourage mainstream investment analysts to include issues such as corporate governance and climate change in their research.
European Utilities Top Oekom Sustainability Rankings, US Utilities Crowd the Bottom (10/28)
Corporate sustainability rating firm Oekom Research rewards climate change mitigation and enhancing energy accessibility for the economically disadvantaged in its latest report.
Shell and BP Top Innovest CSR Ratings of Integrated Oil and Gas Companies (10/13)
Marathon and several companies operating in emerging markets sink to the bottom of the rankings of corporate social responsibility performers.
Institutional Investors Can Now Hedge Climate Risk With New Investment Strategy (09/24)
The strategy combines the investment algorithms of State Street Global Advisors with an environmental overlay from Innovest Strategic Value Advisors.
New Web Tool Identifies Climate Risk and Opportunity in 24 Biggest Mutual Funds (09/10)
KLD Research & Analytics information reveals both positive and negative corporate performance on climate change, allowing retail investors to lobby their mutual funds.
First Alternative Energy Index Spawns Exchange Traded Fund (09/09)
The WilderHill Clean Energy Index, published by the American Stock Exchange, will serve as the basis for an exchange traded fund from PowerShares Capital Management.
Climate Change a Nuisance? Nine State and City Attorneys General Bet a Lawsuit On It (08/06)
The first climate change lawsuit against corporations, aimed at the top five US carbon dioxide emitters in the utility industry, cites federal common law on public nuisance.
Keeping Score: The Mathematics and Linguistics of the World Bank Extractive Industries Review (07/28)
World Bank Group management and socially responsible investors interpret EIR recommendations differently.
Sell-Side Analysts Confirm the Materiality of Sustainability Issues in UN Report (07/23)
A United Nations Environment Programme Finance Initiative report documents belief in the materiality of corporate social responsibility issues by 11 brokerage houses.
Senate Calls on the SEC to Enforce Environmental Disclosure Regulations (07/16)
A series of reports issued at a Senate symposium detail how insufficient disclosure of environmental liabilities results from lack of SEC enforcement.
Are the Equator Principles Sincere or Spin? (06/04)
A report calls into question whether signatory banks are complying with the Equator Principles.
ExxonMobil Mocks Climate Change, Maine Treasurer Finds It No Laughing Matter (05/27)
Senior management remains resolute in its disbelief of climate change risk.
New Bank of America Policy Sets Best Practice on Climate Change in US Bank Sector (05/26)
Environmentalist organization Rainforest Action Network helps usher Bank of America into the vanguard of US banks improving their environmental responsibility.
Carbon Disclosure Project Report and Greenhouse Gas Protocol Release Second Editions (05/19)
Climate change initiatives get a significant boost this month with the release of two revised editions of a report and a protocol for addressing global warming.
Shareowner Resolution Withdrawn as JP Morgan Chase Addresses Environmental Risks (05/14)
A group of socially responsible investment advocates withdrew a shareowner resolution from JP Morgan Chase when the company established an office of environmental affairs.
Three More Companies Address Climate Risk, So Shareowners Withdraw Resolutions (05/04)
Shareowners withdrew climate change resolutions at Southern Company and TXU, which agreed to issue reports, and at Reliant, which agreed to expand disclosure.
Forget Sit Ins: Student Activists Now Promote Socially Responsible Investment (04/22)
Students and alumni from 22 prestigious colleges and universities launch the Responsible Endowment Coalition to urge schools to practice socially responsible investing.
Thirteen Pension Funds Call on SEC to Require Disclosure on Climate Change Risk (04/16)
Institutional investors ask the Securities and Exchange Commission to issue a clarification that climate change is a material risk which must be disclosed in filings.
Social and Environmental Best Practice Linked to Financial Outperformance in Electric Sector (04/08)
Innovest releases another sector report correlating progressive social, environmental, and governance practices and policies with financial outperformance.
Social Investors Urge World Bank to Adopt Extractive Industries Review Proposals (03/23)
If adopted by the World Bank, EIR recommendations could serve as a social and environmental best practice benchmark for oil, gas, and mining companies.
Five Companies Comply with Terms of Shareowner Resolutions in One Week (02/24)
In less than seven days, Dover, Masco, Cinergy, AEP, and Bank of Montreal all abided by the requests of investors, a major achievement for shareowner action.
California Treasurer Proposes Environmental Screening for State Pension Investments (02/06)
California Treasurer Phil Angelides pitches the Green Wave Initiative to CalPERS and CalSTRS, the state's huge pension funds, asking them to support green investments.
ExxonMobil Contributed Five Percent of Global Greenhouse Gas Emissions in Last 120 Years (01/30)
Friends of the Earth releases two studies that attribute one twentieth of global climate change to ExxonMobil. The company questions these findings, as it questions climate change.
The Rashomon Effect: Why Do Innovest and Oekom Rate Toyota's Environmental Performance So Differently? (01/20)
A Japanese film may help investors understand the discrepancy between the environmental ratings of Toyota by Innovest and Oekom.
Underreporting of Material Environmental Liabilities Persists (12/23)
Despite clear documentation of the problem, multiple solutions proposed, and petitioning to enhance enforcement, corporate underreporting of material environmental liabilities continues.
Top Five Social Investing News Stories of 2003 (12/19)
The major social investing news stories of the year include SEC reforms, stock exchanges mandating social, environmental, and corporate governance practices, and climate risk assessment defined as a fiduciary duty.
2003 Proxy Season Roundup: Shareowner Action Success Measured On and Off the Record (12/17)
While the 2003 proxy season produced some impressive numbers, shareowner advocates also define success in ways that are not easily quantifiable (Part one of a two-part article.)
Two New Real Assets Funds Attract $25 Million in Their First Two Months (12/03)
The Real Assets Social Leaders Fund and Social Impact Balanced Fund are off to a flying start, re-invigorating social investing in Canada.
UN Institutional Investor Summit Considers Opportunities of Addressing Climate Change (11/26)
Institutional investors make the business case and investment case for assessing, reporting, and mitigating climate change in a summit at the UN (part two of a two-part article).
Institutional Investors Send Wall Street Wake-Up Call to Address Climate Risk (11/25)
At a UN Summit, state treasurers and other institutional investors issue a ten-point call for action for companies, investment analysts, and fiduciaries to address climate risk (part one of a two-part article).
Carmakers and Carbon Constraints: Who Will Capitalize and Who Will Cave? (11/20)
A new report assesses ten auto companies’ relative readiness for reduced carbon emissions and increased fuel efficiency regulations in Japan, the EU, and the US.
Socially Responsible Investment Through 401k Plans Comes of Age (10/10)
Since the late 1990s, there has been a boom in socially responsible investment through 401k retirement plans.
Social Investors Recommend Best Practice for Coalbed Methane Extraction (10/07)
A shareowner action campaign proactively asks companies to practice environmental and social responsibility in extracting coalbed methane.
Dow, GM, and Johnson & Johnson Lead the Charge to Green Power (09/30)
The 12 members of the Green Power Market Development Group have purchased almost 100 megawatts of green power from renewable resources since last summer.
Boise's Plan to End Old Growth Harvesting: Trend-Setting or Too-Little, Too-Late? (09/04)
Boise Cascade bans logging old growth forests in the US and deters it elsewhere, but other companies may not jump on this bandwagon if its time has already passed.
UN to Hold Corporations More Responsible for Human Rights and the Environment (08/26)
A UN sub-commission adopted a resolution calling for transnational corporations to be held more accountable for human rights protection and environmental stewardship.
Will Ford's Transparency Affect Its Performance? (08/13)
While lauding the transparency of Ford's 2002 Corporate Citizenship Report, analysts caution that it remains to be seen whether such reports and the Global Reporting Initiative reporting guidelines will help improve corporate performance (part two of a two-part article).
Report Finds Oil Companies' Social and Environmental Practices Unsustainable (08/07)
Oekom Research's report criticizes the oil industry's uneven progress in sustainable development, but those in the industry question the report's findings.
Climate Change Litigation Could Affect Companies’ Market Value (07/23)
In the near future companies could face the risk of being on the receiving end of climate change lawsuits, a development that stands to impact shareowner value.
First Steps for the U.S. Business Council for Sustainable Development (07/15)
Carlos Guimaraes, chair of the U.S. Business Council for Sustainable Development, speaks about the new organization's strong membership, partnerships, and projects.
Members of Congress Consider Social and Environmental Disclosure in SEC Filings (07/11)
A group of Senators and Representatives summoned a symposium on the need for social and environmental disclosure by companies in their SEC filings.
Report Connects the Dots Between Corporate Governance and Climate Change Risk (07/10)
A report reveals the degree to which 20 major global companies use corporate governance to address climate change risks and opportunities.
Sustainability Leaders in Food Sector Produce Healthy Returns (07/09)
Innovest finds that global food products companies with higher sustainability ratings perform better financially than companies with weaker environmental performance.
U.S. Drops in Country Sustainability Ratings (06/26)
The United States fell eight places in Oekom Research's Country Rating Report this year, mirroring its poor performance on other similar country sustainability ratings.
Book Review: Eco-Service Development: Reinventing Supply and Demand in the European Union (06/06)
A new book presents the business case for promoting sustainable development through "eco-services," or the switch from a product-oriented to a service-oriented culture.
FedEx and UPS Green Up Their Fleets With Hybrid Electric and Fuel Cell Vehicles (06/03)
FedEx introduces hybrid electric delivery vehicles, while UPS is investing in fuel cell technology.
Religious Institutions Issue Benchmarks for Corporate Social Responsibility Performance (05/28)
A global coalition of religious activists have published the third edition of a comprehensive set of guidelines for corporate social and environmental performance.
Increasing Shareowner Action Fuels Record Proxy Season (05/20)
Shareowners are increasingly recognizing and practicing their right to influence corporate practices and policies by filing and voting on shareowner resolutions.
Report Asks When ExxonMobil Will Wake Up to Climate-Related Risks (05/15)
For the second year in a row, a report tells ExxonMobil shareowners to beware of the significant risks the company faces in terms of how the oil giant addresses climate change.
Canadian Greenhouse Gas and Toxic Emissions Resolution Garners Near Record Support (05/07)
A near majority of IPSCO shareowners voted in favor of a resolution asking the company to report on its greenhouse gas and toxic emissions.
Earth Day Founder Not the Only One to Link Climate Change and Investing (04/22)
The voices of institutional investors representing public pension funds join those from the insurance industry to advance a business case for addressing climate change.
When Lightning Strikes: Portfolio 21 Applies The Natural Step's Sustainability Theories (04/03)
Portfolio 21 applies environmental screens based on the principles of the Natural Step, which promotes sustainability.
Oekom Applauds Insurers Employing SRI but Chides Rest of Sector's Non-Transparency (03/18)
Lack of transparency prevented the German corporate research firm from conducting corporate responsibility ratings on the majority of global insurance companies.
New UK Index Rates Corporate Social Responsibility Performance (03/13)
UK-based Business in the Community launches its Corporate Responsibility Index, which benchmarks corporate social responsibility performance.
International Right to Know Campaign Promotes Disclosure of Global Corporate Impacts (02/27)
In a recent report, the International Right to Know Campaign outlines the benefits of corporate disclosure of global environmental and social policies and practices.
ExxonMobil Receives 23 Shareowner Resolutions on Issues Ranging from Climate Change to Corporate Governance (02/26)
Concerted shareowner action this proxy season targets ExxonMobil over such issues as its refusal to address climate change and its coupling of CEO and Chairman of the Board.
Carbon Disclosure Project Informs Investors of Climate Change Risks and Opportunities (02/18)
A new report finds that companies stand to gain competitive advantage by addressing climate change.
National Wildlife Federation and Amnesty International USA Embrace SRI (02/11)
Two well-known advocacy organizations have made a commitment to lowering the wall between their program activities and their investments.
Prince Albert of Monaco Helps Launch a New Sustainability Fund (02/07)
Instead of investing directly in equities, this new "fund of funds" from Monaco invests in SRI and sustainability funds.
Green Banking (01/23)
Ten exemplary "green banking" enterprises were honored recently, highlighting the growth of environment-friendly community investing.
ICCR Proxy Resolutions Book Gauges Shareowner Action Climate (01/22)
In its new publication, the Interfaith Center on Corporate Responsibility rounds up the social and environmental shareowner resolutions to be voted on in the 2003 proxy season.
Global Warming Shareowner Resolution Filed at "Filthy Five" Electric Companies (01/17)
A coalition of institutional investors has filed a shareowner resolution calling on five electric power producers to report on the business risk of their greenhouse gas emissions.
Sierra Club Launches SRI Mutual Funds (01/15)
The Sierra Club is harnessing its name recognition and expertise on corporate environmental performance with its launching of an SRI equity mutual fund and an SRI balanced mutual fund.
Humans' Overuse of Earth's Resources Exceeds Sustainability by 20 Percent (12/11)
A new report on the ecological footprints of 146 nations documents unsustainable consumption, a phenomenon that, unchecked, will deplete the world's natural resources.
BP Abandons Group Lobbying for Oil Drilling in Arctic National Wildlife Refuge (12/05)
British oil company chooses to disengage from the Arctic Power lobby group and will only seek to drill in the ANWR if the people and the politicians endorse it.
Eco-Efficient Real Estate and Retail Food Stocks Outperform Environmental Laggards (10/24)
Two recent Innovest reports correlate strong energy management, particularly participation in the EPA ENERGY STAR program, with superior stock performance.
UNEP Advises Financial Sector on Threats and Opportunities Related to Climate Change (10/17)
A recent United Nations Environment Programme Finance Initiative report outlines the financial sector's risks and opportunities regarding climate change.
SRI Community Reaps Success in Washington (10/09)
Recent proposals from the SRI community enacted as public policy are creating momentum toward more potential legislation and regulations that support SRI goals.
Rio + 10 Series: The Johannesburg Summit Differs from Its Predecessor (08/30)
Five days into the World Summit on Sustainable Development, participants remark how the conference is different than the 1992 Rio Earth Summit.
Rio + 10 Series: The Rhetoric of the World Summit on Sustainable Development (08/23)
Sustainable development's amorphous definition may prove a difficult hurdle to gaining consensus on concrete action plans at the Johannesburg Summit.
New Tool Quantifies Corporate Environmental Performance (08/20)
London-based TruCost launched a single-framework rating tool that allows for a quantitative comparison of companies' environmental performance.
Rio + 10 Series: The Sustainability of the World Summit on Sustainable Development (08/02)
Organizers are working to reduce the environmental impacts of the Johannesburg Summit.
Oil and Gas Company Environmental Risk Should Concern Investors (07/25)
Innovest and the World Resources Institute released reports this week that illustrate how environmental risk can affect the shareowner value of oil and gas companies.
Rio + 10 Series: Two UNEP Reports Chart Past, Present, and Future Course of Sustainable Development (07/13)
Assessments of the progress since the Rio Summit guide the blueprints for the Johannesburg Summit.
Cement Companies Churn Out Action Plan to Promote Sustainable Development (07/10)
The Cement Sustainability Initiative, a consortium of ten global cement companies, recently released a report outlining specific steps to achieve sustainable development.
Rio + 10 Series: Progress and Regress--Energy Sectors Report on Their Efforts Toward Sustainability (07/05)
Three industry sectors that supply energy--oil and gas, coal, and electricity--reported on their improvements and shortcomings in sustainable development since the Rio Summit.
Shareowner Support for Resolutions Increases Significantly This Proxy Season (06/27)
Support for proposals concerning corporate governance as well as social and environmental issues in the 2002 proxy season is reaching record levels.
Rio + 10 Series: A Brief History of the Earth Summits--From Rio to Johannesburg (06/14)
SocialFunds.com presents a historical snapshot of the Rio Summit and surveys some significant developments leading up to the Johannesburg Summit. (the second in a series of articles leading up to the Johannesburg Summit)
Rio + 10 Series: A Brief History of the Earth Summits--From Stockholm to Rio (06/07)
SocialFunds.com examines the significant events, theories, and people that contributed to the first two global summits on human interaction with the environment. (the first in a series of articles leading up to the Johannesburg Summit.)
Institutional Investors Press Largest Companies to Disclose Greenhouse Gas Emissions (05/31)
A group of institutional investors requested information on environmental performance from the 500 largest companies in the world.
Annual Meeting Focuses Pressure on ExxonMobil (05/24)
Some shareowners and NGOs claim that ExxonMobil's environmental and social practices are hurting the company's profitability.
Mutual Fund Reports on Environmental and Social Returns (05/03)
Norway-based Storebrand reports on the environmental and social performance of companies in its international mutual fund.
CERES Calls on Institutional Investors and Corporate Directors to Address Global Climate Change Risk (05/01)
A new report from CERES advises institutional investors and corporate directors on the financial risks of global climate change.
Companies Skirt Disclosure of Environmental Liabilities (04/08)
New study echoes social investors' call for the SEC to strengthen its rules regarding corporate disclosure of environmental liabilities.
SEC Requires ExxonMobil to Include Shareowner Resolutions on Proxy (04/04)
The SEC denied ExxonMobil’s request to omit three shareowner resolutions from its proxy, but allowed it to omit two other proposals.
Survey Holds Money Managers Accountable (04/02)
A recent AFL-CIO survey may prod money managers to examine their proxy voting on labor issues, but some in the social investment community note that the interests of organized labor and social investors sometimes diverge.
Verdict Still Out on Costa Rica Offshore Drilling (02/20)
Although American companies Harken Energy and MKL-Xplorations purchased the rights to drill for oil off the coast of Costa Rica in 1998, drilling has not started as local organizations voice concerns.
Book Review: Eco-Economy (02/15)
Pioneering environmentalist Lester R. Brown fuses ecological consciousness into economics to create "eco-economy," an economic system that would preserve natural resources while continuing to generate wealth.
Report Criticizes GM's Poor Fuel Efficiency, Applauds Its Other Environmental Efforts (01/31)
CERES reported on GM's environmental record, praising the majority of the carmaker's initiatives but condemning its failure to improve overall fuel efficiency in its fleet.
Swiss Insurance Company Invests in Sustainability (01/25)
The reinsurance giant Swiss Re supports sustainability not only in its business practices but also in its investments, and has one portfolio committed exclusively to sustainability.
UK Bank Offers Green Mortgages (01/14)
Financial institution efforts to be more environment-friendly are proving popular with customers.
Resolution Urges ExxonMobil to Strip Chair from its CEO, a Global Warming Naysayer (12/21)
Robert Monks' resolution claims that ExxonMobil Chairman and CEO Lee Raymond's denial of global warming is harming the company's reputation and shareowner value.
GEMI Elevates Environmental Consciousness from the Bottom to the Top Line (12/03)
The Global Environmental Management Initiative releases a new report promoting environment-friendly methods of enhancing corporate performance.
Dutch Banks Act to Save Tropical Rainforest (11/19)
Three major Dutch banks have announced they will restrict loans for palm oil plantation development in Indonesia that results in tropical rainforest destruction.
Greenhouse Gas Protocol Initiative Creates Global Emissions Standards (11/07)
An international consortium of government agencies, NGOs, and businesses creates its own set of standards for reducing greenhouse gas emissions in advance of the Kyoto Protocol.
Businesses Convey Interest in Sustainable Mobility (11/05)
Report on the challenges of achieving long-term sustainable transportation offers multinational automotive and energy companies, as well as governments, food for thought.
EPA Program Recognizes Better Corporate Environmental Performance (11/02)
Performance Track motivates and rewards businesses that exceed EPA's environmental standards.
Reducing Greenhouse Gases by Making Fizz (11/01)
An innovative venture enables a Shell subsidiary to sell excess carbon dioxide for soft drink manufacturing, but social investors should know that the company is still miles away from being socially responsible.
Mirant Commits $50 Million to Climate Change Solutions (10/05)
Energy company's plans include a more robust and transparent environmental policy.
EPA Partners with Businesses to Promote Green Power (09/27)
Voluntary program has enlisted companies, cities, universities and others with the aim of boosting the market for renewable energy.
Political Contributions Bring Oil Drills Closer to ANWR (08/31)
U.S. PIRG finds unsurprising correlation between oil company political donations and House members that voted to allow drilling in the Arctic National Wildlife Refuge.
Companies Cut Pollution Through E-commuting (08/28)
A federal government pilot program will give participating companies pollution credits based on the emission reductions achieved by telecommuting employees.
Labor Standards Resolutions Garner Support in 2001 Proxy Season (07/11)
Ten international labor and human rights proposals that came to vote this year received 10 percent or more support from shareowners.
Companies Using NAFTA to Undermine Legitimate Regulations (06/12)
New report explains how the U.S., Canadian and Mexican governments' ability to regulate in the public interest is being eroded by NAFTA's Chapter 11.
Telecommunications Industry Calls for Sustainability (06/05)
Some of the world's largest information and communications technology companies form an alliance to promote sustainable development.
Magazine Industry Is Wasting Forests (05/24)
New study finds magazines use almost no recycled paper and publishers have an incentive to overproduce wastefully.
ExxonMobil Feeling Heat on Both Sides of the Atlantic (05/17)
Shareholder resolutions and boycotts put pressure on oil giant to change its stance on global warming and embrace clean energy.
Winslow Launches New Green Mutual Fund (05/16)
The Winslow Green Growth Fund will seek small- and mid-cap companies with superior environmental performance.
SAM Sees Future Profits in Energy (04/25)
New European investment company will invest in companies with innovative technologies and services that realize more efficient and environment-friendly energy use.
Major UK Fund Manager to Require Environmental Reporting (04/19)
Institutional investors are increasingly seeing the need for environmental disclosure.
Environmental Groups Endorse Shareholder Resolutions (04/12)
Environmental advocates ask for support for pro-environmental resolutions at a wide range of companies.
Do You Own Nuclear Power Stock? (04/10)
Well-known conventional mutual funds and asset managers are looking to catch profits from nuclear power’s revival.
U.S. Petulance on Global Warming Irritating Friends (04/05)
The Bush Administration is increasingly being seen as anti-environmental after scuttling Kyoto agreement to reduce greenhouse gas emissions.
Shopping for Responsibility (04/02)
Internet site is helping consumers base shopping decisions on values.
New Venture Fund Aims to Shed Some Light (03/23)
The first solar energy venture fund will provide capital to companies distributing solar energy products or services in unelectrified rural areas in developing countries.
New UNEP Website Helps Businesses Save Ozone (03/22)
On-line resource will assist companies in trading ozone-destroying halons so that new production can be reduced.
New International Society Marries Technology and Ecology (02/23)
Representatives of AT&T and Motorola join researchers, policy makers and environmental advocates to launch the International Society of Industrial Ecology.
Fuel Cell Car Tests Moving Along (02/21)
Mazda and DaimlerChrysler first to test fuel cell vehicles on public roads in Japan, while Honda tests a new version of its fuel cell vehicle in California.
Report Finds Oil Industry Responsible for Environmental Impact (01/14)
Transnational Resource and Action Center report calls on stakeholders to confront oil companies and call for "climate justice."