Energy & Infrastructure

BNY Mellon launched its new set of long-term Corporate Social Responsibility (CSR) goals for 2016-2020 in its latest CSR Report, released today. The goals reflect the tremendous commitment BNY Mellon has made to further integrate CSR within its business and culture and lay out a plan for continued growth.

Solar power is rapidly expanding in the U.S. — by 2015, there was enough solar capacity to power 5.4 million American homes. And the nation’s major cities are leading the revolution to power their metropolises with clean energy and sustainable lifestyles.

Introduced last fall by the United Nations, the sustainable development goals are aimed at solving the planet’s most vexing environmental and social issues over the next 15 years. BM&F BOVESPA updated the questionnaire companies must complete to be listed in its Corporate Sustainability Index to ask how the SDGs are incorporated into company sustainability practices and strategies.

CITGO Petroleum Corporation has entered into a new partnership with First Response Team of America, making CITGO the natural disaster response organization’s official fuel sponsor. With this partnership, First Response Team of America, which aids communities between the onset of a natural disaster and the arrival of traditional relief agencies, will be able to continuously and reliably fuel its support vehicles as they travel the country assisting areas in need.

This April, Fashion Revolution, a non-profit organization, released their annual Fashion Transparency Index report. The Index ranks 40 of the most recognizable fashion brands based on their supply chain transparency and governance practices. The average score was 42%, with only three brands receiving a “top rating” of up to 77%. Companies with higher scores made their supply chain policies available to the public, and had auditing and reporting policies in place. A majority of companies receiving low scores merely had a code of conduct available on their websites.

Understanding environmental law and the potential damage to capital value of environmental risk is critical for overseas investors in the UK. Julie Townsend, Senior Director in Environmental Consultancy explains the differences between UK and overseas environmental laws and explains how risks can be minimized or avoided in pre purchase due diligence.

Forced labor generates $150 billion in illegal profits every year. From hazardous conditions in Congo mines to factory workers trapped in bonded labor debt, major companies have faced reputational risks through their supply chain processes.

Humans are only a small part of the incredibly complex but connected system of life on our Earth. While we are only one of over 8 million species in existence, our individual health and well-being are intimately linked to the health of our planet.

From a survey of over 3,000 corporate managers, LNS Research found that companies using EHS software not only allowed companies to streamline their EHS programs, but also provided many corporate advantages. 75% of companies using EHS software were able to identify points of risk in their operations, versus 34% of companies that did not.