CSR News Stories
Four of Australia's biggest business lobby groups have joined an alliance with unions, investors and campaigning NGOs to call for more robust policies to take the country towards reducing the impact of climate change.
An alliance of news organisations, including the Guardian, Sydney Morning Herald, El Pais, Le Monde, India Today and China Daily have said that they will share climate change content in the run-up to the forthcoming UN summit. The agreement is designed to help raise the profile of the issues.
Paul Polman has called on world leaders to set clear targets on greenhouse gas emissions to force the pace of innovation. Talking ahead of the Paris climate summit, he said that business leaders could help create 'political licence' for governments to promote clean energy.
Bank of America has said that it will reduce its financial exposure to coal companies based on an assessment of the risk to such investments from future regulation and competition from lower carbon natural gas. The announcement is the latest development in the continuing progress of the fossil fuel divestment campaign that has seen a growing focus on the possibility that current oil and coal reserves might come to be 'stranded assets' of no financial value.
Apple chief executive Tim Cook rejected arguments at the company's AGM that it should avoid "unprofitable" action to reduce its impact on climate change. He said that the company didn't only consider return on investment when it took action on social issues such as the environment, and access for people with disabilities. Tim Cook told the AGM that Apple's intent was to "leave the world better than we found it."
Hundreds of businesses, including Microsoft, Diageo, General Motors, Unilever and Levi Strauss, are calling on federal policymakers to properly address climate change.
A number of major businesses have called on the government to adopt a 2030 target for reduced carbon from the power sector. The current Chancellor of the Exchequer George Osborne has been hostile to such targets to date, attacking green policies as a burden on business.
Drinks giant Diageo has said it will avoid funding the Heartland Institute following a campaign that compared people who believe in the reality of climate change with mass murderers.
More than two thirds of the top 500 companies in the world have now put climate change as a key focus in their strategy, according to the Carbon Disclosure Project.
Sony is withdrawing from the climate change campaign 10:10 following a video aimed at building support for the initiative that graphically shows non-supporters being blown up. The company said that the video was "ill-conceived and tasteless".
A Greenpeace investigation has identified a little-known, privately owned US oil company as the paymaster of global warming sceptics in the US and Europe.
Tullow Oil has reached agreement with the Ugandan government that it will be allowed to flare gas at its operations in the country - a process that would release large quantities of greenhouse gases, according to an NGO report.
BP, Caterpillar and ConocoPhillips have said that they are to pull membership of the Climate Action Partnership - the group of companies that had been supporting President Obama's climate change legislation agenda. The companies said they would devote resources to furthering their business interests in other ways.
Pacific Gas and Electric, the California-based utility, has pulled its membership of the US Chamber of Commerce over the chamber's sceptical line on global warming. The chairman Peter A. Darbee said: "We find it dismaying that the chamber neglects the indisputable fact that a decisive majority of experts have said that the data on global warming are compelling and point to a threat that cannot be ignored".
Airlines have agreed that they will aim to cut emissions of greenhouse gases to 50 percent below 2005 levels by 2050. The move, which aims to pre-empt unfavourable attention at the Copenhagen summit in December, is the most radical vision to date of the future of air travel.
A group of senior business leaders have broken the business consensus in favour of airport expansion to oppose the government's plans for a third runway at Heathrow on environmental grounds.
The US lead negotiator on climate change, Todd Stern, has warned industry that money spent on high-carbon infrastructure is likely to be wasted within a few years as such business becomes untenable in the light of future global agreements.
Lord Browne, the former CEO of oil giant BP, has said that market mechanisms are falling well short of delivering the growth in renewable and clean energy that is required, and the government needs to intervene.
Royal Dutch Shell has said that it is to reduce future investment in solar and wind power to focus its renewable energy activity more on biofuels. The company has said that it is pursuing its priority of giving best returns to shareholders, and returns on other alternatives, even with considerable public subsidy, are not sufficient.
Standard & Poor's has launched the S&P US Carbon Efficient Index, which excludes the 100 most carbon-heavy companies from the standard S&P 500. It said that the new Index had an average annual carbon footprint around 48 percent lower than the standard Index.
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