In a groundbreaking study released by CECP: The CEO Force for Good, the way companies calculate and report on their various programs and initiatives to improve society will fundamentally shift. In its report “What Counts: The ‘S’ in ESG, New Conclusions,” CECP, with support from Cisco, introduces an aggregated calculation called “Total Social Investment (TSI).” The calculation is a forward-looking reflection of the innovative ways companies invest in society. TSI offers a high-level and comparable snapshot for use by investors and other stakeholders to determine the value created by the “S” efforts in Environmental, Social, and Governance (ESG) measures.
Efficiency and environmental measures have cut carbon dioxide emissions by 834,209 tons in nine years reports Bloomberg, the Manhattan-based financial, software, data and media company. As a result, operating costs have been reduced by an impressive $103m (£74m, €84m). The emissions statistics are among the ethical achievements listed in Bloomberg’s 2017 impact report.
Newark, New Jersey, is experiencing a revival. Graduation rates are climbing, economic growth has risen, and the city has become increasingly prosperous and vibrant. Since its founding in 1875, Prudential has contributed immensely to this progress through significant investments in local infrastructure, organizations, and people. As one of Newark’s anchor institutions, Prudential’s commitment to the city has included a focus on pro bono service: a powerful tool for strengthening local nonprofits that, in turn, greatly benefits society.
Teck Resources Limited ("Teck”) has released its 17th annual Sustainability Report, covering the company’s performance in 2017 and progress towards its short-term sustainability goals set for 2020.
The company generates, transmits and distributes electricity to more than 4 million customers in the province of Québec. It also exports its clean, renewable power and commercializes its unique expertise and innovations on world markets. Hydro-Québec carries out its activities in a spirit of sustainable development, and its sustainability vision goes well beyond the environment. The company contributes to the province’s economic vitality and encourages stakeholders to participate in its decisions. Hydro-Québec is leading the energy revolution.
Today, the United Nations Global Compact and Global Compact Network Argentina concluded their two-day event in Buenos Aires, Making Global Goals Local Business – Argentina. Nearly 600 local and global leaders from business, finance, civil society, Government, Global Compact Local Networks and the UN attended the event, organized to underscore the impact of multi-stakeholder partnerships and responsible business action in support of the UN Global Goals.
JetBlue this week released its 2017 environmental, social and governance (ESG) report outlining the airline’s long-term environmental strategy and labor and safety performance, among other topics. This year’s report was developed with investors in mind and produced according to the Sustainability Accounting Standards Board (SASB) standards for the airline industry and recommendations from the Task Force on Climate-related Financial Disclosures (TCFD).
Citi today released its 2017 Global Citizenship Report, highlighting efforts made in the last year to responsibly provide financial services that enable growth and progress. This report includes numerous examples of how, through our core business and with our philanthropic efforts, we are helping address complex and pressing issues such as global warming and social inequality.
Calor Gas has launched its Responsible Business Plan for the next three years. This marks a change in name from the company’s previous sustainability strategies but it reflects the approach Calor’s always taken to sustainability, seeing it as something which encompasses a range of equally important elements. Calor has six brand values, around which they centre their business – Safe, Seamless, Local, Caring, Leading and Sustainable; the Responsible Business Plan encompasses all of these. The plan is based on the three pillars of Our People, Our Business and Our Planet. Essentially this means that Calor will look at the social, environmental and economic impacts of their activities, as well as the long term viability of the company. The Responsible Business Plan has also been developed to su
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