Investors have a growing role in sustainability reporting. Their actions are key to encouraging reporters to move towards disclosing what matters. They have an interest in better performance along with other stakeholders, as it brings higher returns. One way to promote that is by ensuring that the companies they invest in are transparent about the effects they have on the economy, society and the environment. The virtuous circle in which transparency reinforces good performance will result in benefits to the investors, better off societies and less damage to the environment.
Timberland’s work to reintroduce cotton farming to Haiti was honored recently with the US Chamber of Commerce Citizenship Award for the Best Economic Empowerment Program. In partnership with the Smallholder Farmers Alliance(SFA), the global outdoor lifestyle brand aims to create a new supply chain for sustainable cotton for use in its products through a program that will also contribute to reforesting Haiti and improving the livelihoods of smallholder farmers.
Today, American Express, the National Trust for Historic Preservation and Main Street America announced the winners of the 2018 Partners in Preservation: Main Streets campaign. The 11 winning historic sites will receive a total of $1.6 million in grants to fund their respective preservation projects. At the outset of the campaign, an additional $400,000 was allocated to the 20 Main Street communities that participated in the program to increase public awareness of the importance of these historic places and build grassroots support for the participating Main Street districts.
As the private sector adopts climate disclosure standards established by the Task Force on Climate-Related Financial Disclosures (TCFD), the oil and gas industry faces increasing pressure from its investors to disclose how it is managing climate risk, including emissions of methane from oil and gas.
This year, the Ray C. Anderson Center for Sustainable Business at the Georgia Tech Scheller College of Business celebrates its fifth anniversary. It launched in 2013 as the Center for Business Strategies for Sustainability with funding from the Ray C. Anderson Foundation and others, and in January 2015 the Ray C. Anderson Foundation made a $5 million commitment. It was then renamed for Ray C. Anderson.
In terms of total consumption of energy, pulp and paper is third among industrial sectors; only the refi ning and chemical industries consume more. However, environmental impact is affected not just by the amount of energy consumed, but also by the type of energy. On average, US pulp and paper mills derive nearly two-thirds of their energy needs from renewable sources that are considered carbon neutral. Sappi’s mills derive nearly 80 percent of their energy from renewable resources.
With increasing recognition of the imperative for companies and investors to transform their business models in order to generate sustainable returns while achieving the Paris Agreement and Sustainable Development Goals, there’s greater need for a “transformation blueprint.” Responding to this need, Reporting 3.0 is rolling out the Transformation Journey Program (TJP), based on our Transformation Journey Blueprint, in Workshop Series in Europe and North America. The Workshop Series, which focus on Sustainable Finance, will be hosted by ING in Amsterdam, John Hancock / Manulife in Boston, and McMaster University in Toronto between November 2018 and May 2019.
Every year, the SFI Implementation Committees pool and distribute resources, contributing hundreds of thousands of dollars to various organizations in support of conservation, research and education. Since 1995, SFI participants have collectively contributed over $1.6 billion to conservation efforts. Our wood procurement group for the Cloquet Mill supports numerous conservation projects through direct funding and in-kind resources, as well as through the collaborative efforts of the SFI Implementation Committees in Michigan, Wisconsin and Minnesota.
Plastic pollution in the world’s oceans is one of the biggest threats to our environment and impacts more than 600 marine species. Discarded trash, mostly comprised of single-use plastic, accumulates in five ocean garbage patches, the largest of which is the Great Pacific Garbage Patch located between Hawaii and California.
The Digi Dhan team set up Digi Dhan, meaning digital money, in partnership with the NASSCOM Foundation, a non-profit organisation dedicated to using technology for good.
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