Should News Corp’s Anti-Climate Stance Impact its CSR Rating?

CSRHUB | Friday January 27th, 2012 | 0 Comments

CSR RatingsThe following is part of a series by our friends at CSRHUB (a 3p sponsor) – offering free sustainability and corporate social responsibility ratings on over 5,000 of the world’s largest publicly traded companies. 3p readers get 40% off CSRHUB’s professional subscriptions with promo code “TP_2010_Intro”

By Bahar Gidwani

One of our board members sent us a link to a great Harvard Business School article about how green ratings sources have failed to properly measure News Corporation’s social and environmental performance. The authors point out that News Corporation has set a goal to be “zero carbon” and therefore climate neutral.  But at the same time, the editorial side of News Corporation’s media properties has taken an anti-climate-change stance.

The authors describe a few of the ways in which a large company such as News Corporation could have actively pushed for positive change. They ask why ratings firms (including some who are our partners) don’t include “corporate activism” as one of the ways they measure corporate social responsibility (CSR).

It may sound smug, but we agree with this article and hope that our CSRHub ratings do make this adjustment. As a starting point, we would offer our ratings for News Corporation:

(Note: All ratings in this article are based on our CSRHub average user profile.  Our site’s users can adjust the ratings on our site to suit their personal opinions and values.)

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Where Sustainability Reporting is Headed: A Preview of the E&Y and GreenBiz Survey

| Friday January 27th, 2012 | 0 Comments

While at the GreenBiz12 Forum in New York earlier this week, I got a sneak preview of the findings of the new Ernst & Young and GreenBiz Group survey of trends in sustainability reporting. The soon-to-be-released survey validates much of what I’ve seen firsthand in my work preparing sustainability and corporate responsibility reports for Fortune 100 companies in various industry sectors.

There’s been no slowdown in the number of reports being produced, despite the poor economy, noted John DeMelis, a sustainability assurance partner with Ernst & Young.  DeMelis kicked off the standing-room-only breakout session by noting the links between the rise in sustainability reporting and drivers such as cost reduction efforts, growing investments in sustainability, an increasingly strategic approach to sustainability efforts, and intensifying calls for accountability. The report also revealed growing concerns around validity of the data contained in sustainability reports (more on that later).

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Coal-Fired Closures: More Plants Biting the Dust

Bill DiBenedetto | Friday January 27th, 2012 | 0 Comments

In another victory for clean air in the battle against coal-fired plants, First Energy Thursday said it will retire six of its dirtiest power plants in Ohio, Pennsylvania and Maryland by September 1.

The Ohio-based utility will retire these plants: Bay Shore Plant, Units 2-4, Oregon, Ohio; Eastlake Plant, Eastlake, Ohio; Ashtabula Plant, Ashtabula, Ohio; Lake Shore Plant, Cleveland, Ohio; Armstrong Power Station, Adrian, Pa.; and R. Paul Smith Power Station, Williamsport, Md.

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Is There a Better Way to Stop Global Warming?

RP Siegel | Friday January 27th, 2012 | 0 Comments

Most efforts to slow the impact of global warming have focused on reducing carbon emissions, because, according to the EPA, they are the most dominant and the fastest growing greenhouse gas (GHG). But CO2 is only one of several greenhouse gases, which also include methane, nitrous oxide, and fluorinated gases, such as hydrofluorocarbons, and soot. A team of scientists led by NASA Goddard’s Drew Shindell (who also works at Columbia’s Earth Institute), in an article published in this month’s issue of Science, suggest that an easier and possibly more effective approach, at least in the short term, would be to focus on methane and soot. Why? Because these two pollutants are both fast acting, so reducing their presence in the atmosphere can have a more immediate impact on the overall GHG concentration. If a two degree Celsius increase in average global temperature is seen as the cliff that we are rapidly driving towards, focusing on methane and soot might actually help to slow us down more quickly than our current approach, which focuses on CO2. Not only that, but according to the paper’s title, reducing these two pollutants, could also improve human health and food security.

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Why Biodiversity Loss Deserves as Much Attention as Climate Change

| Friday January 27th, 2012 | 0 Comments

Biodiversity loss is probably a challenge that is often ignored as climate change looms. Currently the world is losing species at a rate that is 100 to 1000 times faster than the natural extinction rate, further, it is currently seeing the sixth mass extinction.

The previous mass extinction occured 65 million years ago, and was caused by ecosystem changes, changes in atmospheric chemistry, impacts of asteroids and volcanoes. For the first time in history, the current extinction is called by the competition for resources between a single species Homo sapiens and all others. 

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India Needs More then the Food Security Bill to Alleviate Hunger

| Friday January 27th, 2012 | 0 Comments

After a lot of debate, the Indian cabinet finally cleared the National Food Security Bill (NFSB) amidst doubts of whether this would really help create a hunger-free India. According to the Food Security Bill, India will need 60 – 61 million tons of grain to feed people who will be eligible for assistance. This means food subsidies will increase to about $18.05 billion in the first year of implementation. The government will also have to increase their spend on agricultural production.

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Swap-O-Matic – a Vending Machine that Promotes Sustainability

| Friday January 27th, 2012 | 0 Comments

If you thought that vending machines that dispense nothing but baby carrots are the latest green innovation in this field, we’ve got news for you. There’s a vending machine that is far more progressive and innovative. It provides you with a “fun way to save the earth” and doesn’t even want any money in return. Intrigued? Welcome to the world of Swap-O-Matic.

The Swap-O-Matic is not a regular vending machine. While a conventional vending machine helps us to buy stuff in places and times where other alternatives are out of reach, the Swap-O-Matic offers a swapping experience, enabling users to donate and receive items, instantly and for free. According to its website, the Swap-O-Matic tries to remind us that “reusing and recycling can be just as fun as buying something new.”

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Keeping the Green Hope Alive, One Wise Investment at a Time

3p Guest Author | Friday January 27th, 2012 | 0 Comments

This post was originally published on the Zayed Future Energy Prize blog and is reprinted here with permission.

By: Eswar Mani, Investment Manager, Masdar Capital

The current state of the world economy leaves a lot to be desired particularly when it comes to the hunger for new investment opportunities, so conventional wisdom would suggest that investing in the renewable energy technology (or cleantech) sector is a fool’s errand.

With Google shutting down its ‘RE

Here in Abu Dhabi, through the investment arm of Masdar, Masdar Capital, we continue to see interesting opportunities for cleantech investing, and a number of worthy renewable energy projects both within the region and around the world. After the financial crisis in 2008, Masdar Capital announced a record intake of external capital for its second fund from investors such as Siemens, GE, and Japanese entities including Development Bank of Japan, Japan Bank for International Cooperation, Inpex Corp, JX Nippon Oil & Energy Group, and Mitsubishi Heavy Industries.

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Israeli Company to Open Solar Power Plant in Spain

3p Guest Author | Friday January 27th, 2012 | 0 Comments

A version of this story originally appeared on NoCamels – Israeli Innovation News 
By David Allouche

The Israeli company AORA Solar will soon be opening  its second solar power station in southern Spain. The thermodynamic solar plant  was  constructed in the city of Almeria, on the Mediterranean coast, and will be inaugurated on February 7th 2012.

The plant is situated in a complex of 2,000 square meters. It is expected to produce 100 Kilowatt (KW) of electricity per hour for the domestic needs of the region’s population, as well as 170 KW per hour of heat energy as a byproduct, which will be used to power an adjacent desalination facility.

AORA Solar is using concentrated solar power (CSP) and opened its first plant in in 2009 at Kibbutz Samar next to Eilat, in the south of Israel. It is in the exact same architecture and dimensions as the new plant in Almeria.

“100 KW has the potential to produce electricity for 80 homes. This new Solar Plant will show the efficiency of the design of our solar thermodynamic plant outside the country,” said CEO of AORA , Zev Rosenzweig, to the Jerusalem Post.

AORA’s plant contains a hybrid system which is able to function using solar energy during daytime and fuel during the night, or with a combination of both sources during cloudy days, for example. Currently, the plant is using diesel, but according to AORA the company aims to switch to natural gas in the future.

Each of the plant’s panels can track the motion of the sun along two axes and directs the sun’s light to a tower that rises to the height of 35 meters. In this tower there is a solar receiver that utilizes the sunrays to heat the air to1,000 degrees Celsius. This thermal energy is then directed into a gas turbine which converts it into electricity.

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The Ultimate Green Building Material: Dirt?

| Friday January 27th, 2012 | 0 Comments

ban-startup-friday

In a time of increasing weather-induced natural disasters, viable, affordable, durable shelter options are becoming vitally important. Additionally, as entirely new cities spring up, a greener building option is crucial to minimize use of resources and overall lifetime impact.

Dwell Earth has high aspirations for a humble building material: Dirt. Compressed Earth Bricks are an impressively simple modern interpretation of a building material that’s been perfected over the centuries by many indigenous populations. They are the ultimate locally sourced material, more energy efficient to heat and cool than wood or concrete based structures, do not offgas VOCs, and are able to provide a source of employment and pride in developing countries.

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Sustainability in Retail: Not an Oxymoron

| Thursday January 26th, 2012 | 1 Comment

TriplePundit participated in the Retail Leaders in Sustainability tweet-up this morning - an inspiring chat. Not only has the retail industry (at least on paper) recognized that sustainability is here to stay, but many leaders within the industry have moved from looking at sustainability as a cost center to seeing it as an opportunity to reduce risk, improve relationships with customers and employees, and deliver better products. It’s an exciting road ahead!

The Retail Industry Leaders Association sponsored the tweet-up to promote their new report on sustainability in the retail industry. Data was collected from the most recent sustainability reports of 30 RILA retail member companies including Best Buy, Gap Inc., The Home Depot, IKEA, Petco, Safeway, Sears, Staples, Target, Walmart and Whole Foods Markets. The make-up of the organization is quite diverse:

Key Findings:

1. Retailers are working across sectors to achieve sustainability goals. Achieving social and environmental goals is a significant challenge, often requiring expertise that the organization doesn’t have. That means that employees charged with sustainability-related tasks are going outside the organization and even the sector to learn about how to improve their organizations. The research indicated a noticeable uptick in stakeholder engagement.

2. Sustainability has turned from a risk mitigation and cost center into an opportunity for business growth. Long-gone are the days of focusing on the low hanging fruit like energy efficiency (which is being tackled store-by-store as a no brainer to save money on energy costs and reduce risk associated with the fluctuating energy market). Sustainability programs are increasingly seen as a source of innovation and a key way to differentiate in a competitive market.

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Timberland Eco-labels Go Beyond Green Info

| Thursday January 26th, 2012 | 1 Comment

In 2007, Timberland pioneered eco-labels on their apparel, modeling them after USDA nutrition labels. The imitation was deliberate, said VP of Corporate Social Responsibility, Mark Newton. With the wealth of green information that is currently tracked, measured, analyzed and debated, the intent was to capture the essence of several large categories on a very small parcel of garment real estate. The absence of numbers keeps consumers from getting bogged down by a figure that would need a detailed explanation and wouldn’t be consistent with measurements on other ecolabels.

This way, consumers can scan the label for the metric that means most to them – whether it is climate impact, resource consumption or eco-conscious materials – much the same way that consumers scan food labels to discern fat content, calories or sodium.

Newton, who joined Timberland less than a year ago, admires Timberland’s try-it-and-see-if-it-works business approach, combined with the company’s openness about its goals and shortcomings, and, most of all, its commitment to both the planet and to its customers. Since their introduction, Timberland has been working to improve the labels (and the products they describe) based on customer feedback. Newton explained that the intent of the labels has always been to spark conversation with consumers and build relationships.

“We’re not trying to put this stuff on there to show off green attributes. There is more than just green involved. We use it to draw attention to the face that we care about these things and bring the customer into the conversation. These measures also guide further innovation in our products.”

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Mayor Works to Bring Clean Tech to Los Angeles

| Thursday January 26th, 2012 | 0 Comments

Los Angeles Mayor Antonio Villaraigosa

At the VerdeXchange Marketmakers Conference that took place in downtown Los Angeles this week, Mayor Antonio Villaraigosa gave a keynote speech to an audience of 500 industry leaders working to build and shape the green economy of Los Angeles and the nation. The group included individuals working in both the public and private sectors to further the development of technologies and markets related to energy efficiency, electricity transmission, alternative fuel vehicles, clean water, low carbon transportation, and green building. In his presentation, Mayor Villaraigosa explained how his focus on developing Los Angeles’s clean technology market is helping him address some of the biggest challenges facing the city.

According to Villaraigosa, over 60 percent of the world’s population will live in cities by 2015, a 10 percent increase over four years ago. And in the coming years, 85 percent of jobs will need to be created in cities. In the face of absent leadership from the federal government, city leaders will need to come up with innovative ideas and take bold actions to determine how to balance growth with the need to provide residents with work and livable communities in the face of dwindling resources.

To that end, the mayor has set out to establish Los Angeles as the country’s leading hub for clean tech innovation, an effort that will create new jobs and improve the city’s economy. “LA is the creative capital of the country and maybe even the world. And it is fast becoming the clean tech capital of the country,” said Villaraigosa. This statement is sure to conjure some doubts, but there are convincing arguments that support Los Angeles as a city that is leading in the clean tech industry.

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The Power of Social Entrepreneurship to Create a Sustainable World

3p Guest Author | Thursday January 26th, 2012 | 1 Comment

This post was originally published on the Zayed Future Energy Prize blog and is reprinted here with permission.

By Dr Nawal Al Hosany, Associate Director of Sustainability, Masdar

The concept of sustainable development stemmed from environmental movements in earlier decades. International forums, such as the Earth Summit in Rio in 1992, brought sustainable development to the mainstream. Today, the concept is often over-used and it may mean different things to different people, but it clearly goes to the heart of tackling a number of inter-related global issues such as poverty, food and water resources, energy security, and environmental preservation.

The Global Sustainability Panel, a high-level panel on climate change and development launched in August last year by the UN, has already started to address the broader context of development, encompassing the interconnected global issues and the socio-economic objectives in the world.

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