According to Tesla CEO Elon Musk, the solution for the Volkswagen scandal is simple: random emissions testing on cars when they are on the road, not in an auto service center’s garage.
Month: September 2015
Honest Tea, based in Bethesda, Maryland, recently issued its annual sustainability report, touting the achievements and challenges faced by the 17-year-old tea and infusion bottler.
America was meant to be a land of endless possibilities and self-determination. This country was established to give religious and economic freedom to its citizenry. Adams, Jefferson, Franklin, and other signers of the Declaration of Independence knew their proclamations would mean very little without economic freedom. Money is and always has been a major part of the “life, liberty, and the pursuit of happiness” that was promised to Americans. Worker-owned companies can fulfill that promise.
Many of us have heard about public-private partnerships and other multi-stakeholder initiatives. But what if we looked at a new type of partnership- between large organizations and a generation of grassroots change-makers looking to make a difference?
Six major American banks (Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo) issued a joint statement calling for the world’s governments to create a strong agreement in Paris later this year. That’s when the world’s leaders will hammer out a successor to the Kyoto Protocol.
“This is a defining day for the Arctic. It’s a huge victory for the millions of people who stood up against Shell and a disaster for other oil companies with interests in the region,” said Greenpeace International Executive Director Kumi Naidoo. “Shell has gambled big and lost big, both in terms of financial cost and its public reputation.”
Mark Zuckerberg promised that Facebook will help the UN bring internet connectivity to Syrian refugee camps throughout the Middle East during the General Assembly meeting in New York.
If Nova Scotia’s Mi’kaq First Nations are successful in their petition to the Canadian government, the island of Cape Breton will be a new home for Syrian refugees. And if the Israeli company SodaStream gets its way, it will be able to provide jobs for 1,000 refugees – in Israel. A variety of companies and communities are stepping up to help the burgeoning flow of refugees – in some cases, to the consternation of their governments. Is this the new humanitarian movement, or just a gentle encouragement for governments to help? Either way, they are committed to making a difference in Syria’s humanitarian crisis.
A new initiative, 100% Sport, which aims to inspire sports fans to become enthusiastic about renewable energy, has been launched by the British telecommunications giant BT. Will sports fans ditch coal and switch to solar?
Problem solving is a central issue in business ownership. In fact, you might say that business itself is a series of problems waiting to be solved. But when it comes to finding the ideal approach, or the perfect process, for solving any of the dozens of problems faced by the modern business, things get complicated. These three tools encourage both collaboration and transparency: essential qualities for any responsible, modern business.
While visiting the U.S. last week and meeting with President Obama, China’s President Xi Jinping announced the country’s new cap-and-trade system. The system will launch in 2017 and cover heavily-polluting industries such as power generation, iron and steel, chemicals, and building materials including cement.
So do low interest rates explain why green bonds are selling for 20bps (.20%) over market rates? That’s a big deal in fixed income land. Barclays was reported by Bloomberg saying “Sales of “green bonds” have been increasing, but so have their prices.” It may be that the case for investing in the underlying assets – solar, wind, green infrastructure – is so strong that investors are willing to pay the green premium. But is that all that’s happening?
We invest a lot of faith in companies’ CSR programs, especially when they are companies we have known for years. So apparently, does the EPA, which missed indications in Volkswagen’s sustainability reports that suggested there was an ongoing problem.
The Pope’s visit to the U.S. last week focused the nation on a moral challenge of biblical scale. Like Noah, we are called now to build an ark. But our ark will be the entire earth itself—a world rewired soon with clean energy.
PepsiCo’s recent claim that since 2010, it has reaped $375 million in savings due to its sustainability initiatives, is encouraging news. Improved water efficiency, packaging efficiency and waste diversion are amongst the reasons PepsiCo has been able to reduce its expenses the past several years.