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Tag >> Sustainability
Dec 17
2010

Sustainability policies: size matters

Posted by Stephen Taub in The Canadian Institute of Chartered AccountantsSustainabilityinternal controlscomplianceCIMACICAChartered Institute of Management AccountantsAICPA

Stephen Taub

Larger companies are much more likely to have a formal sustainability strategy than smaller companies. But, the number one reason both groups have a policy in place is because they are required to have one.

In addition, US-based companies in general lag their global peers when it comes to treating sustainability issues in general.

Aug 30
2010

Sustainability reporting gathers fresh momentum

Posted by nicklord in SustainabilitySingaporeSGXreportingIIRC

nicklord
 

Moves are underway around the world to define and mandate reporting on the sustainability of companies' operations. Using the aftermath of the crisis as a cover, securities regulators, industry bodies such as FASB and IASB and investor groups are looking at how companies can usefully report on the sustainability - environmental, operational and financial - of their businesses.

The latest move comes from Singapore where the stock exchange SGX has issued a policy paper on whether or nor to mandate sustainability reporting for all companies listed on the exchange. The policy paper calls for expressions from the public prior to a deadline of October 29. SGX does not say whether or not it will introduce mandatory sustainability reporting, but it hints that it might.

Aug 04
2010

When it comes to fighting climate change, companies are leading the way

Posted by annearf in SustainabilityRisk, Intel, General MillsFrito Laycomplianceclimate change

annearf

General Mills recently announced that it installed enough solar panels for its yogurt production plant in Methuen, Mass., to provide most of the facility's power for the summer and 40 percent the rest of the year. It's also using everything from wind power to biomass to fuel plants in other areas.

In the wake of Congressional rejection of an energy bill, the General Mills announcement underscores an important point: It's business, not the federal government, that's taking the lead in addressing the effects of climate change.

Jun 15
2010

Emerging market companies improve governance to attract investment

Posted by dbedell in Sustainabilityemerging marketscorporate social responsibilitycorporate governancecomplianceCashCapitalBrazil

dbedell

Brazilian companies are taking a page from their US counterparts when it comes to governance and corporate social responsibility. In a recent Latin American corporate governance survey by Latin Finance and consultancy Management & Excellence, Brazilian firms topped the rankings across different industries--not only aiming for compliance, but striving for excellence in corporate social responsibility, sustainability, board independence and other governance measures.

Companies throughout the region are showing increasing interest in building their good governance reputations in order to attract capital investment from Latin America, the US, and globally.

Jun 07
2010

BP shows the limits of legal liability limits

Posted by Ron F in SustainabilityRiskRegulationlitigationcompliance

Ron F

The longer the Gulf oil spill goes on, the bigger the fallout for BP and the rest of the oil industry.

That fact may be obvious by now, but early reports stressed that the company's legal liability was limited under federal law to $75 million.

Jun 02
2010

A surfeit of sustainability reporting standards?

Posted by annearf in Sustainability, LEED, ESGcompliance

annearf

Question: When it comes to sustainability reporting, can there be too much of a good thing?

For investors, consumers, suppliers, and everyone else to understand whether a business is really engaging in sustainable practices, there has to be some method for reporting this information in a coherent and uniform way.  Current confusion about just how to do that is holding many companies back, as my colleague Sheryl Nash wrote recently.

May 26
2010

Business isn't waiting for Washington on climate change

Posted by SherylNash01 in Sustainabilityclimate changecareer/managementcarbon emissions

SherylNash01

Nearly one in five US companies expect to reduce carbon emissions in the next two to five years, according to a survey by PricewaterhouseCoopers. The survey found that 16 percent are bracing for that possibility, while 13 percent expect new climate regulation and 11 foresee new legislation in this area. And twelve percent expect to improve energy efficiency in general.

"Although federal climate change legislation is uncertain in the short term, there are plenty of government and private sector initiatives driving companies to start reducing emissions now," said Kathy Nieland, leader of the Sustainability and Climate Change practice at PricewaterhouseCoopers in a prepared statement.

Feb 25
2010

Add the U.N. to your lengthening list of stakeholders

Posted by nicklord in UNSustainabilityNick Lord

nicklord
 

CFOs face scrutiny from a wide range of sources: financial analysts, regulators, lawyers and accountants. A new body can now be added to this list, a body which is likely to cause some consternation. The U.N. last week formally castigated 86 global companies for failing to live up to the reporting requirements they agreed to when the companies became signatories of the UN Global Compact.

The scolding was undertaken by a coalition of global investors that are signatories to the U.N.'s Principles for Responsible Investment (PRI), an organization created in 2006 that uses investors to try and force companies to adhere to a global set of corporate and social obligations. That coalition of investors manages assets of over $20 trillion and so carries some weight.





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