CSR Minute

Business School Students Want to Work for Companies Taking Action on Climate Change - The Minute

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Students at top business schools prefer to work at companies taking action on climate change. That’s the finding of a new global study of 3,700 students at 29 top business schools around the world. The study was conducted by Yale University, with the World Business Council for Sustainable Development and the Global Network for Advanced Management.

Global Stock Exchanges Adopt Guidelines for ESG Metrics - The Minute

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The World Federation of Exchanges has released guidelines for ESG-related metrics that companies should release to investors. Companies listed on the WFE’s 64 global exchanges are being urged to report on 30-plus metrics to guide investment decision-making.

The guidelines also encourage companies to use standardized reporting frameworks. The WFE represents over 44,000 companies with a total market capitalization of $64 trillion and a trading value of $76 trillion, equal to more than 75 percent of global GDP.

Renewable Energy Supply in World’s Largest Economies to Double - The Minute

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A new report finds that the renewable energy supply in some of the world’s biggest economies will more than double by 2030. The study, by the World Resources Institute, a think tank, and reported on by Reuters, attributes this exponential increase to new national climate and energy plans, driven by the UN’s conference on climate change, now in session in Paris.

Morgan Stanley, Wells Fargo Join Other Banks to Cut Coal Financing - The Minute

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Morgan Stanley and Wells Fargo have announced changes in their financial policies to cut financing for the global coal industry. The banks join similar financing cuts at eight other banks. Bank of America, BNP Paribas, Citigroup, Credit Agricole, ING, Natixis, and Societe Generale enacted policies to end financing for coal-driven businesses earlier this year.

Healthcare Leaders Call for Government Control of Drug Prices-The Minute

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The biggest pushback against the Affordable Care Act is an ideological one: keeping the government out of health care so that Americans don’t end up with a ”socialist” health system. Now, a new industry report finds that almost all of the country's top healthcare leaders favor the government taking a bigger role in curbing the rising cost of prescription drugs.

Companies Act That Mandates CSR in India to Get Changes - The Minute

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We’ve been following developments in CSR in India since 2013, when the passage of the Companies Act mandated expenditures on CSR. Under the Act, a class of companies with high revenues is required to spend at least two percent of their three-year annual average net profits on CSR activities. The act took effect in April 2014. Initial reports earlier this year were that many companies were filing explanations of why they could not comply rather than certifying compliance.

U.S. Home Energy Use is Down, but House Size is Up - The Minute

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There’s good news and bad news about energy conservation in American homes. First, the good news. Energy use in the average home in 2012—the most recent year with available data—was down 31 percent from 1970, reports the Pew Research Center. But there’s a problem—that’s the bad news—new houses are much larger. The average home in 2012 was 28 percent bigger than in 1970. And last year’s homes are even larger: the average new single-family house built in 2014 was 57 percent larger than forty years ago. The result?

More Awards, More Lists Recognize CSR and Sustainability Leadership - The Minute

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More awards and more ratings of companies engaged in CSR and sustainability practices are being released. CDP has named 113 companies to its A-list of those addressing climate change, including Unilever, Microsoft, Samsung, Citigroup, Apple, Google, BMW, Nissan, L’Oreal, and Nestlé. And the EPA has honored 22 Green Power Partners and three renewable energy suppliers, including H&M, TD Bank, Microsoft, GM, Intel, Kohl’s, Kaiser Permanente, Apple, and Northwestern University.

I’m John Howell for 3BL Media.

ESG Meets Fiduciary Duty at the Bottom Line - The Minute

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“There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits.” So goes the famous statement by the Nobel Prize-winning economist, Milton Friedman, about the purpose of business. Until recently, it has stood as the most quoted of corporate commandments. Now, that’s changing. I’m John Howell for 3BL Media.

Game Changer for Investors: SEC Permits Crowdfunding for Equity in Startups - The Minute

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Crowdfunding has proven to be an innovative model for fundraising. It allows all sorts of new projects easy access to capital that historically, has been very hard to come by for untested efforts. Now, the practice is being extended to the act of investing itself. I’m John Howell for 3BL Media.

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