If you’re interested in buying New York bonds, the state wants you to know that “climate change poses a long-term risk to the state’s finances.” Sounds reasonable, right? After all Hurricane Sandy wasn’t that long ago. Well, not so fast say rating agencies. A senior executive at Standard & Poor’s said he has “a hard time finding a direct relationship for climate change on New York State’s economy at this point.” Another senior executive at Moody’s explained that FEMA mitigates the risk by picking up the bill when big natural disaster events happen. In other words, investors in NY bonds shouldn’t worry too much about climate change.
Category: Climate & Environment
This category is climate change in relation to sustainability and CSR and how these segments effect one another. This includes how climate change has started to cause a wide range of physical effects with serious implications for investors and businesses, and how the business sector discloses climate risks and manage them.
A new report from the International Monetary Fund (IMF) claims ending the $1.9 trillion in global energy subsidies could reduce greenhouse gas (GHG) emissions by 4.2 billion tons – a 13 percent reduction – and lead to major gains both for economic growth and the environment.
Fair Trade USA launched the Rust Response Fund, to which we will contribute a minimum of $50,000 to fight the spread of coffee rust in Central America.
The latest news involves a piece of land in British Columbia called the Sacred Headwaters. Shell had been planning to drill anywhere from 1,500 to 10,000 coal bed methane (i.e. fracking) wells there, until they ran into some very stiff resistance.
On March 4, right before the Geneva Motor Show, Volkswagen announced its decision to meet the proposed EU emissions target of an average of 95 grams of carbon per kilometer by 2020.
Today, a broad coalition led by Corporate Accountability International is providing the grassroots support for four major national parks to take ban bottled water: Mt. Rainier, Yosemite, Golden Gate National Recreation Area, and Independence National Historical Park.
The global Access to Nutrition Index report and rankings was released last week, assessing the nutrition-related commitments, performance and disclosure practices of 25 of the world’s largest food and beverage manufacturers. The good news is that finally we have the metrics to evaluate how these companies address challenging nutritional issues, the bad news is that most of them perform quite poorly.
Now we are declaring biotech chemical companies to be above the law, essentially allowing them to do whatever they want, eliminating what little oversight had remained in the wake of their previous lobbying victories. This all but eliminates the ability of the government to restrict or regulate their activities based on any environmental concerns.
Dr. Greg Allgood, director of P&G Children’s Safe Drinking Water Program, discussed how little water purification packets make a difference worldwide.
A growing world population, global warming, growing fossil fuel use and greenhouse gas emissions and ongoing, growing disparities in the distribution of wealth and income and business-as-usual political economy – all threaten national, regional and international efforts to assure all members of society fair access to sustainable water resources. Marking World Water Day 2013, UN-Water’s working definition of water security will facilitate and foster development of holistic, integrated initiatives at the local, national, regional and international levels.
World Water Day this year highlights the role of cooperation in managing the many competing needs for the resource, a topic near and dear to Future 500’s heart. Demand for water is surging as global population booms and developing economies continue their steady hum. Meanwhile, climate change is projected to greatly alter water supply, placing additional strain on … Continued
This week Starbucks announced it would increase its ethical sourcing practices with the investment in a new farming and research center in Costa Rica.
Another major food company joined the ranks of companies with commitments to buy 100 percent sustainably sourced palm oil. The company is Dunkin’ Brands Group, the parent company of Dunkin’ Donuts and Baskin-Robbins, and the New York state Comptroller Thomas DiNapoli made the announcement a few weeks ago.