(3BL Media/Just Means) -Air travel accounts for 2 percent of all emissions, but it gets a lot of attention in any conversation about climate change mitigation efforts. While Obama wants new limits on aviation emissions, the UN’s International Civil Aviation is also expected to set new limits early next year.
(3BL Media/Justmeans) – Several research studies in recent years have shown that companies with high ratings on environmental, social and governance (ESG) factors frequently outperform the market in the medium and long term, and have a lower cost of debt and equity. Business sustainability has emerged as a key source of competitive advantage in today’s economy.
(3BL Media/Justmeans) – In 2009, at the peak of the financial crisis, one of the revelations was the absence of up-to-the-minute, accurate data about who was being impacted and to what degree. The suddenness with which the global economy plunged into the crisis exposed the gaps in the governments’ knowledge and understanding of the changing economic conditions.
(3BL Media/Just Means) - Another major technology company is increasing its commitment to sustainable, renewable power. Cisco has entered an agreement with NRG Renew, a subsidiary of NRG Energy, for the power company to develop a 20 megawatt solar energy facilty to supply Cisco's San Jose headquarters with clean power. This is a massive boost to the 2MW worth of solar power Cisco has installed over the last two years.
(3BL Media/Justmeans) - In Pope Francis’s encyclical, he appeals to the international community–particularly rich countries–to step up and alter their economies and lifestyles in order to address ‘the ecological crisis.’ Governments are called on to address the issues, but there are corporations whose gross revenues surpass the GDP of entire countries. So what then is the responsibility of corporations, when multiple stakeholders are impacted by these companies?
Guest blog by Marvin Smith, Future 500
(3BL Media/Just Means) - Fish are endangered in the Mediterranean Sea. While sunlight-deprived Europeans flock to Mediterranean beaches for their summer breaks, offshore the action is a tad less quaint. The old Med has turned into a jammed criss-cross of fishing activity that have led fish populations to the brink of collapse. Now it ranks as the most over-exploited fishing region on the planet.
(3BL Media/Just Means) - Sir Richard Branson's Virgin Atlantic airline has some good news. The company posted its latest figures on greenhouse gas emissions and it has gone down by 12 percent.
(3BL Media/Justmeans) - There was big news coming out of Europe last week, other than the ongoing Greek banking crisis. A district court in The Hague made a ruling in a climate change lawsuit that could have far-reaching consequences. A group called the Urgenda Foundation, along with some 900 co-plaintiffs, filed suit against the Dutch government for not taking sufficient action against climate change. The case was filed in November 2013, after a letter written a year earlier, asking for more action received a response that acknowledged that the Dutch government's action were insufficient. The lawsuit was based on “the principle that the government can be held legally accountable for not taking sufficient action to prevent foreseeable harm.”
The action was largely inspired by the book, Revolution Justified, written by the Dutch lawyer Roger Cox, who made the case for such a suit in a piece published in The Guardian. He later gave a TEDx talk on the subject entitled “How EU Action Couild Save Earth from Climate Disaster.”
The suit made three specific requests of the court:
To declare that global warming of more than 2 degrees Celsius will lead to a violation of fundamental human rights worldwide.
To declare that the Dutch State is acting unlawfully by not contributing its proportional share to preventing a global warming of more than 2 degrees Celsius.
To order the Dutch State to drastically reduce Dutch CO2 emissions even before 2020 to the level that has been determined by scientists to be in line with less than 2 degrees Celsius of global warming; that is, to reduce Dutch emissions by 40% by 2020 below 1990 levels.
The court upheld the position of the plaintiffs, ruling that, “the State must take more action to reduce the greenhouse gas emissions in the Netherlands. The State also has to ensure that the Dutch emissions in the year 2020 will be at least 25% lower than those in 1990. The parties agree that the severity and scope of the climate problem make it necessary to take measures to reduce greenhouse gas emissions. Based on the State’s current policy, the Netherlands will achieve a reduction of 17% at most in 2020,