This document provides a summary of recent ethics-related news stories:
1) A report from Global Witness accuses HSBC of bankrolling unsustainable logging companies in Borneo that are violating the bank's forest policies.
2) The EU has decided to cut the aviation industry from the EU Emissions Trading Scheme due to pressure from China, India, and Russia.
3) The US has toughened its stance against human trafficking by introducing new rules to rank countries based on their efforts to combat trafficking and protect victims.
4) There is debate around the potential of wind energy given uncertainties over subsidies and public opposition to wind farms in some areas.
This document is the September 2012 issue of Ethical Corporation magazine. It contains summaries of articles on topics related to corporate responsibility and sustainability such as responsible reporting, green building models, supplier engagement, and the GM food labeling debate. The magazine also advertises an upcoming conference on CR reporting and communications strategies and previews content in the issue on sustainability salaries, ethical banking, Kimberly-Clark's sustainability efforts, and an essay on leadership.
Duke Energy 4Q/03_Transcript_and_QA_-Finalfinance21
Duke Energy held an earnings call to discuss its financial results for Q4 2003 and the full year. The company reported a net loss of $1.48 per share for 2003, which included $2.76 in special items. Most business segments met their targets except for Franchised Electric, which saw lower earnings due to higher costs. Duke Energy's largest loss was primarily driven by asset impairments and other special charges related to its DENA business. Management provided additional details on special items to help analysts understand the company's ongoing earnings performance excluding these one-time charges.
The annual report summarizes Perini Corporation's financial results for 2005. It highlights that revenues decreased 6% to $1.73 billion due to timing shifts on some projects, but pre-tax income was impacted by a $24.9 million legal charge. Two acquisitions expanded Perini's presence and its backlog reached a record $7.9 billion due to major new project wins in gaming and hospitality. Looking ahead, the company expects continued growth from its building segment and improved margins and earnings from its civil and management service segments.
The Sustainable Economy Dialogue process involved over 400 participants in 161 sessions across 5 countries. When asked about the fundamental goal of a good economy, there was broad consensus that it should steadily improve the wellbeing of all people, now and in the future, with due regard for equity, within the constraints of nature, through active engagement of all participants.
Current economies were seen as failing this goal due to a variety of causes. Strategic issues included a lack of shared purpose and values as well as short-termism. Structural issues dealt with problems in governance and incentives. Operational issues involved what gets measured and costed. An underlying concern was about education and awareness.
Participants proposed numerous ways for business to
The document is the program for the 2007 SHSMD Annual Conference and Exhibits held in Washington D.C. from October 3-6, 2007. It features sessions on healthcare topics, networking events, and opportunities to connect with peers. Joe Flowers, founder of Imagine What If Inc., is scheduled to give the general session presentation on Thursday, October 4th about integrating physicians and healthcare organizations. The conference aims to provide healthcare executives opportunities to learn, network, and discuss strategic issues in the industry.
DuPont provides a summary of its 2002 financial data and business activities in its 2002 DATA BOOK. Some key highlights include:
- Earnings recovered dramatically from 2001 levels, though excluding the large gain from the 2001 sale of DuPont Pharmaceuticals.
- DuPont realigned its business units into five market-focused Growth Platforms and took steps to separate its Textiles & Interiors segment.
- Science, knowledge intensity, productivity improvements, and financial discipline supported DuPont's performance and positioning for sustainable growth.
- Acquisitions and partnerships expanded DuPont's offerings in areas like electronics, biotechnology, and agriculture.
This document is the September 2012 issue of Ethical Corporation magazine. It contains summaries of articles on topics related to corporate responsibility and sustainability such as responsible reporting, green building models, supplier engagement, and the GM food labeling debate. The magazine also advertises an upcoming conference on CR reporting and communications strategies and previews content in the issue on sustainability salaries, ethical banking, Kimberly-Clark's sustainability efforts, and an essay on leadership.
Duke Energy 4Q/03_Transcript_and_QA_-Finalfinance21
Duke Energy held an earnings call to discuss its financial results for Q4 2003 and the full year. The company reported a net loss of $1.48 per share for 2003, which included $2.76 in special items. Most business segments met their targets except for Franchised Electric, which saw lower earnings due to higher costs. Duke Energy's largest loss was primarily driven by asset impairments and other special charges related to its DENA business. Management provided additional details on special items to help analysts understand the company's ongoing earnings performance excluding these one-time charges.
The annual report summarizes Perini Corporation's financial results for 2005. It highlights that revenues decreased 6% to $1.73 billion due to timing shifts on some projects, but pre-tax income was impacted by a $24.9 million legal charge. Two acquisitions expanded Perini's presence and its backlog reached a record $7.9 billion due to major new project wins in gaming and hospitality. Looking ahead, the company expects continued growth from its building segment and improved margins and earnings from its civil and management service segments.
The Sustainable Economy Dialogue process involved over 400 participants in 161 sessions across 5 countries. When asked about the fundamental goal of a good economy, there was broad consensus that it should steadily improve the wellbeing of all people, now and in the future, with due regard for equity, within the constraints of nature, through active engagement of all participants.
Current economies were seen as failing this goal due to a variety of causes. Strategic issues included a lack of shared purpose and values as well as short-termism. Structural issues dealt with problems in governance and incentives. Operational issues involved what gets measured and costed. An underlying concern was about education and awareness.
Participants proposed numerous ways for business to
The document is the program for the 2007 SHSMD Annual Conference and Exhibits held in Washington D.C. from October 3-6, 2007. It features sessions on healthcare topics, networking events, and opportunities to connect with peers. Joe Flowers, founder of Imagine What If Inc., is scheduled to give the general session presentation on Thursday, October 4th about integrating physicians and healthcare organizations. The conference aims to provide healthcare executives opportunities to learn, network, and discuss strategic issues in the industry.
DuPont provides a summary of its 2002 financial data and business activities in its 2002 DATA BOOK. Some key highlights include:
- Earnings recovered dramatically from 2001 levels, though excluding the large gain from the 2001 sale of DuPont Pharmaceuticals.
- DuPont realigned its business units into five market-focused Growth Platforms and took steps to separate its Textiles & Interiors segment.
- Science, knowledge intensity, productivity improvements, and financial discipline supported DuPont's performance and positioning for sustainable growth.
- Acquisitions and partnerships expanded DuPont's offerings in areas like electronics, biotechnology, and agriculture.
Win New Consulting Business: The Four Keys to Writing a Successful ProposalMBO Partners
The document discusses keys to writing a successful proposal. It begins by noting that many proposals focus too much on the proposing company rather than the client's needs. Successful proposals should avoid simply reusing old proposals, including unnecessary company history, or providing excessive data that does not address the client's specific needs. The document emphasizes that proposals need to deliver the right message to the client in the right way to maximize the chances of winning the work.
The document provides an agenda for a private equity fundraising and LP conference taking place on September 15th, 2009. The agenda includes:
- An opening address and panels on how private equity compares to other asset classes, LP strategies and expectations, and best practices for communications with LPs.
- Additional panels on fundraising in the current climate, locating new funding sources, and how terms of trade may change between LPs and GPs.
- Closing addresses in the afternoon and evening drinks reception.
The document provides an overview of DuPont's 2001 financial results and realignment into new business segments. It notes that in 2001, DuPont sold its Pharmaceuticals business to Bristol-Myers Squibb for $7.8 billion in cash, repositioned its Polyester business through various joint ventures and asset sales, and took additional steps to strengthen its technology position in displays through acquisitions. The document also outlines DuPont's new five Growth Platform business structure and explains that financial data from 2001 is presented under both the old and new reporting segments to help users understand the company's transformation.
Telecommunications Industry CEO's Discuss Capitalizing on ComplexityIBMTelecom
How will telecommunications organizations respond to rising complexity. Creative leadership is key. IBM interviews with more than 1,500 CEOs revealed that the most successful are creatively discovering ways to capitalize on complexity.
Positive Leadership Article in IOD Scotland NewsletterGraham Watson
The document is a magazine for members of the Institute of Directors in Scotland that discusses an upcoming conference at Cameron House on Loch Lomond. It highlights the scenic beauty of Loch Lomond and the amenities at Cameron House. The Chairman of IoD Scotland encourages leaders to take stock of their strategies during challenging economic times, ensure employees understand priorities, and stay focused on core goals. The conference will feature speakers on inspiring leadership.
This document contains information about recruitment and retention strategies for different generations in the workforce. It discusses engaging mature workers, recognizing the different imprints that shape how generations translate work values, and the importance of aligning an organization's interests with its people. The document advocates paying attention to the voices of candidates, adapting roles to individuals, and removing barriers to knowledge transfer between generations.
This document is a DuPont data book that provides financial and operational data about DuPont for 2003. Some key highlights include:
- Net sales for 2003 were $26.996 billion, up from $24.006 billion in 2002. Income from continuing operations was $1.002 billion in 2003 and $1.841 billion in 2002.
- Actions taken in 2003 included the sale of INVISTA to Koch Industries and $900 million in cost improvements planned for 2004-2005 through productivity and organizational actions.
- Total assets as of 2003 year-end were $37.039 billion, with working capital of $5.419 billion and total debt of $10.479 billion.
- Per share
Unified Comms Exploring Attitudes Towards Riskrosiegregory
The document discusses risks facing UK businesses and their attitudes towards risk management. Some key findings include:
- 61% of businesses surveyed say they have become more focused on risk in the last three years. However, smaller businesses are less likely to have formal business continuity plans.
- Risks are categorized into two tiers: tier one technology risks like IT and telecom failures, and tier two "talent" and environmental risks. Technology is seen as both a risk and a solution.
- Flexible working enabled by technology is seen as important for retaining employees, though talent risks are still not as high a priority as technology risks for most businesses.
- The closing comments encourage businesses to take a systematic
"Electronics Industry CEOs Executive SummaryIBMElectronics
How are leaders responding to a competitive and economic environment? IBM interviewed 1,541 CEOs, general managers and senior public sector leaders, including 105 Electronics Industry respondents.
This document outlines an open science trip from July 12th to September 2nd 2013 by Célya Gruson-Daniel. The trip involved interviews, articles, and events about open science. Topics included scientific publications, peer review, open data, replicability, and the sharing economy. The goal was to promote open science through collaboration, transparency, and sharing information on websites and social media under the hashtags #OpenScience and #HYPhDUS.
El documento habla sobre recuerdos de ir al cine durante la época de Franco en España. Describe besos y experiencias amorosas en la última fila del cine mientras las películas pasaban en la pantalla. También menciona la censura franquista y cómo afectaba lo que se podía ver en las películas. Finalmente expresa que la vida es como una película y que los sueños son cine.
Radiant Opto-Electronics is expected to report weaker sales in December 2011 compared to previous guidance due to order delays for tablet components and weaker notebook shipments, leading analysts to lower 2011 and 2012 earnings estimates slightly. However, the analysts maintain a "Buy" rating and see growth resuming in the second quarter of 2012 as tablet orders increase ahead of new product launches and short-term notebook component issues are resolved. The target price is lowered to NT$115 based on revised earnings estimates but the company is still seen as having strong design capabilities and stable revenue contributions long-term.
Sky Farms is developing 5 model urban farms in Shanghai using hydroponic and sustainable designs to safely grow food locally and reconnect people with their food sources. They are partnering with Shanghai Organic Farmers Coop to deliver over 120 varieties of organic vegetables and eggs weekly from local farms while raising awareness of seasonal and safe foods through programs like Hand-in-Hand and EggsChange. Their goal is to shift the paradigm from rural and monoculture-based food systems to urban, connected, and distributed organic farming.
The document is a short story about a character named Whispering Jack. It begins and ends abruptly without providing any details about Jack or the plot. The only other content is instructions for the reader to keep listening to music or press 'Esc' to exit, with the artist John Farnham named.
Springtime in Ireland is a short story by John La Ferlita. The story describes the beauty of spring in rural Ireland, with green fields and colorful wildflowers blooming after the long winter. The main character takes a walk through the countryside, enjoying the sights and sounds of new life emerging across the landscape as spring arrives.
This short document does not contain any clear information that can be summarized in 3 sentences or less. It appears to list image and music titles but provides no other context.
The document discusses taking pictures for an album back cover with a group member and includes photos of rapping in a homemade studio and the studio location in Marietta.
This short document does not contain any clear information that can be summarized in 3 sentences or less. It appears to list image and music titles but provides no other context.
The document discusses images and music on the internet. It mentions images without providing any details and lists "Ernesto Cortazar 'With You'" as the music. The high-level information is sparse, providing only the topic of images and internet and a single music reference without further context.
Madonna es una cantante estadounidense que alcanzó la fama mundial en la década de 1980. A lo largo de su carrera ha vendido más de 300 millones de discos y es conocida por reinventar constantemente su imagen y estilo musical. Madonna ha tenido una infancia difícil tras la muerte de su madre y se mudó a Nueva York para perseguir su sueño de convertirse en bailarina y cantante, donde pasó por momentos económicos difíciles antes de alcanzar el éxito.
The document recommends buying shares of E Ink Holdings Inc. based on three key points:
1) E Ink's chairman reiterated strong 3Q11 revenue guidance and an increasing outlook for the e-reader market, reinforcing the company's structural growth thesis.
2) Strong sales ramp is expected as Amazon launches new Kindle and tablet devices for the holidays.
3) Upside risks remain to analyst earnings estimates as E Ink remains the dominant display supplier for e-readers.
Win New Consulting Business: The Four Keys to Writing a Successful ProposalMBO Partners
The document discusses keys to writing a successful proposal. It begins by noting that many proposals focus too much on the proposing company rather than the client's needs. Successful proposals should avoid simply reusing old proposals, including unnecessary company history, or providing excessive data that does not address the client's specific needs. The document emphasizes that proposals need to deliver the right message to the client in the right way to maximize the chances of winning the work.
The document provides an agenda for a private equity fundraising and LP conference taking place on September 15th, 2009. The agenda includes:
- An opening address and panels on how private equity compares to other asset classes, LP strategies and expectations, and best practices for communications with LPs.
- Additional panels on fundraising in the current climate, locating new funding sources, and how terms of trade may change between LPs and GPs.
- Closing addresses in the afternoon and evening drinks reception.
The document provides an overview of DuPont's 2001 financial results and realignment into new business segments. It notes that in 2001, DuPont sold its Pharmaceuticals business to Bristol-Myers Squibb for $7.8 billion in cash, repositioned its Polyester business through various joint ventures and asset sales, and took additional steps to strengthen its technology position in displays through acquisitions. The document also outlines DuPont's new five Growth Platform business structure and explains that financial data from 2001 is presented under both the old and new reporting segments to help users understand the company's transformation.
Telecommunications Industry CEO's Discuss Capitalizing on ComplexityIBMTelecom
How will telecommunications organizations respond to rising complexity. Creative leadership is key. IBM interviews with more than 1,500 CEOs revealed that the most successful are creatively discovering ways to capitalize on complexity.
Positive Leadership Article in IOD Scotland NewsletterGraham Watson
The document is a magazine for members of the Institute of Directors in Scotland that discusses an upcoming conference at Cameron House on Loch Lomond. It highlights the scenic beauty of Loch Lomond and the amenities at Cameron House. The Chairman of IoD Scotland encourages leaders to take stock of their strategies during challenging economic times, ensure employees understand priorities, and stay focused on core goals. The conference will feature speakers on inspiring leadership.
This document contains information about recruitment and retention strategies for different generations in the workforce. It discusses engaging mature workers, recognizing the different imprints that shape how generations translate work values, and the importance of aligning an organization's interests with its people. The document advocates paying attention to the voices of candidates, adapting roles to individuals, and removing barriers to knowledge transfer between generations.
This document is a DuPont data book that provides financial and operational data about DuPont for 2003. Some key highlights include:
- Net sales for 2003 were $26.996 billion, up from $24.006 billion in 2002. Income from continuing operations was $1.002 billion in 2003 and $1.841 billion in 2002.
- Actions taken in 2003 included the sale of INVISTA to Koch Industries and $900 million in cost improvements planned for 2004-2005 through productivity and organizational actions.
- Total assets as of 2003 year-end were $37.039 billion, with working capital of $5.419 billion and total debt of $10.479 billion.
- Per share
Unified Comms Exploring Attitudes Towards Riskrosiegregory
The document discusses risks facing UK businesses and their attitudes towards risk management. Some key findings include:
- 61% of businesses surveyed say they have become more focused on risk in the last three years. However, smaller businesses are less likely to have formal business continuity plans.
- Risks are categorized into two tiers: tier one technology risks like IT and telecom failures, and tier two "talent" and environmental risks. Technology is seen as both a risk and a solution.
- Flexible working enabled by technology is seen as important for retaining employees, though talent risks are still not as high a priority as technology risks for most businesses.
- The closing comments encourage businesses to take a systematic
"Electronics Industry CEOs Executive SummaryIBMElectronics
How are leaders responding to a competitive and economic environment? IBM interviewed 1,541 CEOs, general managers and senior public sector leaders, including 105 Electronics Industry respondents.
This document outlines an open science trip from July 12th to September 2nd 2013 by Célya Gruson-Daniel. The trip involved interviews, articles, and events about open science. Topics included scientific publications, peer review, open data, replicability, and the sharing economy. The goal was to promote open science through collaboration, transparency, and sharing information on websites and social media under the hashtags #OpenScience and #HYPhDUS.
El documento habla sobre recuerdos de ir al cine durante la época de Franco en España. Describe besos y experiencias amorosas en la última fila del cine mientras las películas pasaban en la pantalla. También menciona la censura franquista y cómo afectaba lo que se podía ver en las películas. Finalmente expresa que la vida es como una película y que los sueños son cine.
Radiant Opto-Electronics is expected to report weaker sales in December 2011 compared to previous guidance due to order delays for tablet components and weaker notebook shipments, leading analysts to lower 2011 and 2012 earnings estimates slightly. However, the analysts maintain a "Buy" rating and see growth resuming in the second quarter of 2012 as tablet orders increase ahead of new product launches and short-term notebook component issues are resolved. The target price is lowered to NT$115 based on revised earnings estimates but the company is still seen as having strong design capabilities and stable revenue contributions long-term.
Sky Farms is developing 5 model urban farms in Shanghai using hydroponic and sustainable designs to safely grow food locally and reconnect people with their food sources. They are partnering with Shanghai Organic Farmers Coop to deliver over 120 varieties of organic vegetables and eggs weekly from local farms while raising awareness of seasonal and safe foods through programs like Hand-in-Hand and EggsChange. Their goal is to shift the paradigm from rural and monoculture-based food systems to urban, connected, and distributed organic farming.
The document is a short story about a character named Whispering Jack. It begins and ends abruptly without providing any details about Jack or the plot. The only other content is instructions for the reader to keep listening to music or press 'Esc' to exit, with the artist John Farnham named.
Springtime in Ireland is a short story by John La Ferlita. The story describes the beauty of spring in rural Ireland, with green fields and colorful wildflowers blooming after the long winter. The main character takes a walk through the countryside, enjoying the sights and sounds of new life emerging across the landscape as spring arrives.
This short document does not contain any clear information that can be summarized in 3 sentences or less. It appears to list image and music titles but provides no other context.
The document discusses taking pictures for an album back cover with a group member and includes photos of rapping in a homemade studio and the studio location in Marietta.
This short document does not contain any clear information that can be summarized in 3 sentences or less. It appears to list image and music titles but provides no other context.
The document discusses images and music on the internet. It mentions images without providing any details and lists "Ernesto Cortazar 'With You'" as the music. The high-level information is sparse, providing only the topic of images and internet and a single music reference without further context.
Madonna es una cantante estadounidense que alcanzó la fama mundial en la década de 1980. A lo largo de su carrera ha vendido más de 300 millones de discos y es conocida por reinventar constantemente su imagen y estilo musical. Madonna ha tenido una infancia difícil tras la muerte de su madre y se mudó a Nueva York para perseguir su sueño de convertirse en bailarina y cantante, donde pasó por momentos económicos difíciles antes de alcanzar el éxito.
The document recommends buying shares of E Ink Holdings Inc. based on three key points:
1) E Ink's chairman reiterated strong 3Q11 revenue guidance and an increasing outlook for the e-reader market, reinforcing the company's structural growth thesis.
2) Strong sales ramp is expected as Amazon launches new Kindle and tablet devices for the holidays.
3) Upside risks remain to analyst earnings estimates as E Ink remains the dominant display supplier for e-readers.
This document outlines several communication-related fields of study and their average salaries. It discusses journalism, which involves writing to inform and report on current topics, with an average salary of $48,000. Public relations manages communication between organizations and the public and has an average salary of $52,000. Human communication is the study of how humans communicate and has the highest average salary of $100,000. Media studies deals with the content, history, and effects of media and has an average salary of $50,000. Media productions focuses on television broadcasting and shows and has an average salary of $64,000.
Ballerina is a graceful dancer who performs ballet. She wears a tutu and dances en pointe on her toes to classical music. Her movements are fluid, elegant, and beautiful as she leaps and spins across the stage.
Nairobi is the capital and largest city of Kenya, founded in 1899 as a train depot. It has grown around its Central Business District (CBD), which is the most important part of the city and home to landmarks like City Hall and Parliament Building. While the CBD is modern and home to many international businesses, it faces problems of high rents driving people to live elsewhere, traffic congestion, and pollution. The city government is taking steps to address these issues by decentralizing the CBD and improving public transportation.
The document is about Madonna's song "Vogue" from her 1990 album. It mentions the song and artist "Vogue" by Madonna. The document provides an option to keep listening to the music or press 'Esc' to exit.
This short document discusses the faces of Papua and mentions that the reader can continue listening to music or press 'Esc' to exit whatever program they are using. It provides a brief introduction to Papua but does not go into much detail about the topic. The document ends by noting that the user has the option to keep listening to music or exit.
The summit will bring together 500 senior business leaders and experts over two days in London to discuss collaboration between businesses, governments and civil society on sustainability challenges. Speakers will address topics like resource constraints, building trust with stakeholders, and driving supplier performance on social and environmental issues. Interactive sessions include debates, case studies, and networking opportunities. Attendees can learn best practices for addressing corporate responsibility in their organizations.
Marco Lotz is Nedbank's sustainability carbon specialist whose role includes monitoring, managing, and reducing the bank's carbon footprint. He contributes to group policies on environmental issues and shares his expertise with clients. Some of his achievements include co-authoring a carbon footprinting guide and receiving awards for his work. Marco views the biggest highlight of his job as opportunities to transfer knowledge over coffee. He is passionate about sustainability and has used his engineering PhD to carve out a career helping others manage their carbon footprints.
The triple bottom line not a zero sum game by cb bhattacharyaESMT Berlin
In his webcast, Professor Bhattacharya will point out that it is not enough nowadays for companies to "do well" (Profit). Companies need to "do good" as well for communities (People) and the environment (Planet). Achieving this triple bottom line (People, Planet, Profit) is not a zero sum game but these linkages and strategies are often underexplored as most companies are largely in the dark when it comes to understanding how their stakeholders think and feel about their Corporate Responsibility (CR) programs. Based on the research in his book, Prof. Bhattacharya suggests that stakeholders' responses to a company's CR initiatives are driven by three levers: Understanding, Usefulness and Unity (the 3U's model). Drawing on empirical research insights, Prof. Bhattacharya points out how companies can maximize the value of their CR initiatives by fostering strong stakeholder relationships to develop, implement, and evaluate compelling social responsibility programs that generate value for both the company and society. (https://conferenceboard.adobeconnect.com/p18cj63dm07/)
As managing ESG and sustainability issues have become mainstream business practice, there is no doubt in the minds of corporate leaders that ESG/sustainability issues should be a top priority agenda in boardrooms. However, it is still challenging to integrate ESG/sustainability considerations fully into business practices due to the difference between short-term financial goals and longer-term ESG/sustainability performance. Thus, top executives usually give weight to the shorter-term financial metrics when trade-offs between financial and ESG/sustainability performance come into focus. How can companies achieve short-term profits and ESG/sustainability goals at the same time?
Agenda
ESG/Sustainability Imperative v. Conundrum
Stakeholder Capitalism v. Purpose
Sustainable Economic GrowthValue Innovation for Sustainable Economic Growth
Business Model Innovation for Profitable and Sustainable Business
Sustainability Balanced Scorecard for TBL
Industry/Business Specific Cases
This document provides an executive summary of a study conducted by the UN Global Compact and Accenture on sustainability. The study involved interviews with over 100 global CEOs and a survey of 766 CEOs from around the world. The following are the key findings from the executive summary:
1. CEOs see the landscape of sustainability changing and believe a new era is emerging where sustainability issues will be fully integrated into business strategies and market forces will be aligned with sustainability outcomes.
2. However, CEOs recognize major challenges still remain, such as engaging investors on new terms around sustainability, improving sustainability-related education, and developing new metrics to measure organizational value.
3. Demonstrating a visible and authentic
Responsible investment & governance annual report_2010Nordea Bank
1) The document discusses Nordea's focus on responsible investment and governance. It emphasizes managing environmental, social, and governance (ESG) risks and opportunities.
2) Nordea has identified five major global megatrends that will shape business in the coming years: changing demographics, climate change, water scarcity, shortage of human capital, and increased focus on corporate governance.
3) Nordea engages with companies to improve their management of ESG issues and integrates ESG factors into the selection and monitoring of investment funds and managers.
2008 The year sustainability got tough.
2008 saw some really hard to handle issues ruse to the surface. they are complex, full of paradoxes and beset with conflicting agendas. we put these tough issues in the spotlight and identify the difference between CR housekeeping and CR leadership.
Wa learning event transformative csr 17 january 2013 the hague zijn werkt! ja...ZijnWerktSlides
This document summarizes a workshop on transformative corporate social responsibility (CSR) hosted by Shell. The workshop explored aligning the concepts of CSR 2.0 and Theory U to create profound innovation and change in CSR. CSR 2.0 redefines the purpose of business to serve human dignity and the earth, while Theory U provides a process for profound change through collective awareness and action. The workshop concluded that Theory U could help progress CSR to a systemic level by fostering new dialogue and exploring its principles of interconnectedness through shared learning experiences.
The document is Autodesk's 2012 sustainability progress report. It summarizes the company's performance across economic, environmental and social metrics for fiscal year 2012. Key highlights include:
- Revenue grew 13% to $2.2 billion while reducing greenhouse gas emissions intensity by 27.8 tonnes of CO2e per $1 million revenue.
- Total greenhouse gas emissions decreased slightly to 61,600 tonnes of CO2e despite revenue growth, with scope 1 and 2 emissions decreasing by over 30%.
- Employee programs focused on ethics and compliance, community support through volunteer hours and donations, and making Autodesk a great place to work.
This document is Lenovo Group Limited's 2020/21 Environmental, Social and Governance (ESG) report, which covers the fiscal year from April 1, 2020 to March 31, 2021. The report details Lenovo's ESG performance, initiatives, and goals. It includes sections on environmental management, social programs, governance, and the company's global supply chain. Lenovo engaged with stakeholders to determine the key ESG issues to report on and followed Global Reporting Initiative standards and Hong Kong Stock Exchange guidelines for ESG reporting.
The document summarizes a conference on collaboration, cultural change and competitive edge through corporate social responsibility. The conference will provide tools and proven strategies for embedding CSR throughout organizations to create business value and measurable returns. Speakers will address issues like managing supply chain risk under new regulations and forming partnerships to advance CSR programs. Attendees can learn how leading companies meet long-term sustainability targets and engage investors on ESG issues.
Insight into the 16 key issues shaping the CSR agenda in USA in 2012
Knowledge of what the 3 C's of sustainabiility are and how they will be shaping business in the coming years
The Responsible Business Summit 2011 is a two-day conference focused on corporate responsibility and sustainability. It will feature keynote speeches from the CEOs of several major international companies on critical CR issues. Attendees will have the opportunity to choose from over 20 focused workshop sessions on topics related to stakeholder engagement, performance measurement, communications and more. The event is expected to draw over 400 senior sustainability and CR professionals and provide a valuable forum for benchmarking best practices and networking.
Presentation shared at Boards Impact Forums webinar Aug 26, 2021 on Strategic Competence for Sustainable Business https://www.youtube.com/watch?v=4oOx5kwM2xY
This document outlines the agenda for the 53rd EOQ Congress on a new society for the brave of heart and mind. It discusses key concepts around social entrepreneurship such as having an ethical vision, passion for creating social and economic value, and resilience. It also covers the triple bottom line of economic, social and environmental dimensions that organizations should consider. Finally, it contrasts old paradigms of maximizing profit versus new paradigms of transformational leadership, stakeholders, ethics and partnerships to create win-win economies through grassroots approaches and sustainable development.
This document is Softchoice's 2007-2008 Corporate Sustainability Report. It contains the following key information:
1) The CEO discusses Softchoice's growth and commitment to sustainability, including goals to become the greenest IT supplier in North America and help customers adopt sustainable practices.
2) Financial highlights show Softchoice doubled revenues over 5 years while increasing gross profit per customer.
3) Softchoice aims to align all activities with sustainable business principles and create a supportive work environment for its people.
This document is the contents page for the March 2013 issue of Ethical Corporation magazine. It provides summaries of several articles in the issue, including:
1) An article about Asia Pulp & Paper committing to new forest protection policies after activist pressure.
2) Questions around future funding for the UN Global Compact as it celebrates its 10th anniversary.
3) Unilever achieving its goal of zero waste across its operations.
4) A discussion of corporate responsibility rankings as an imperfect but still useful tool.
The contents page previews additional articles on the impact of activist NGOs, the role of social media in campaigns, challenges in the energy sector, issues around shale gas, the
The document describes the One Planet MBA program offered by the University of Exeter Business School in partnership with WWF. The One Planet MBA is designed to equip students with the knowledge, skills, and mindset needed to lead sustainable businesses in a changing world with finite resources. It emphasizes sustainability throughout the curriculum, leadership development, experiential learning, collaboration, and a global perspective. Students will benefit from WWF's global network and projects focused on environmental protection. The program aims to develop a new generation of business leaders who view the planet differently and have the skills to make a positive impact.
Thai businesses are elevating their standards to become carbon-neutral and sustainable in the future. KBank is committed to becoming net zero in its own operations by 2030 and net zero in its financed portfolio in line with Thailand's aspirations. KBank will allocate at least 100-200 billion baht in sustainable financing and investments by 2030. KBank will prioritize decarbonizing sectors based on their emissions, the availability of methodology and data, and their ability to deliver reductions based on Thailand's trends, complexity, and social considerations. KBank will work with corporate and retail customers to empower them in decarbonizing their lives and businesses.
This document outlines the top 10 business sustainability challenges for 2012 as identified by a council of sustainability executives from leading Canadian organizations.
1) How can businesses redefine the traditional business case to include sustainability, as sustainability initiatives may have longer payback periods than typically expected, making them appear less attractive.
2) How can sustainability drive innovation (and vice-versa) within companies? While innovation and sustainability are often linked, more understanding is needed on how to create a virtuous cycle between them.
3) The Network for Business Sustainability will systematically review the challenges of how sustainability can drive innovation, and how businesses can mobilize citizens to take more sustainable actions.
The report is intended to help businesses
Similar to Ethical Corporation Dec-January 2012 Extracts (20)
This document summarizes a startup company called InsectBiotech Group that is turning food waste in Spain into sustainable animal feed and fertilizer products using black soldier fly larvae. The startup is raising 1.5 million euros to build a pilot facility and hire employees to operate it. The funding will allow the company to lay the foundations to eventually produce 150,000 metric tons of insect larvae per year and reduce agricultural waste.
The Future of Wine Forum will be a one-day business conference on November 4th in London to discuss sustainability in the wine industry. The agenda will debate topics such as whether sustainability presents opportunities for winemakers, the future of pesticide use, affordable sustainability approaches, and the potential impacts of climate change on wine regions by 2030. Additional sessions will examine certification standards, ingredient labeling, the role of retailers in supporting sustainability, and engaging younger consumers around sustainability. Confirmed speakers include experts from the wine industry, consulting firms, and journalism.
Tools, techniques and strategies for understanding, measuring and communicating impact. 19th-20th June 2018, London. This two-day conference will highlight the latest methods being applied by business to measure the impact of their sustainability programs. We’ll discuss and debate the pros and cons of the different tools and techniques available, whilst assessing what has really worked for companies in practice.
The document discusses sustainable supply chains and the challenges that businesses face in achieving fully sustainable supply chains. It notes that a sustainable supply chain would safeguard the environment and human rights, follow international standards, engage suppliers on social and environmental issues, and have a net positive impact. However, no company yet has a fully sustainable supply chain, as most impacts occur lower in tiers of suppliers. Working to address issues in lower tiers can be difficult and expensive. Traceability, transparency, and government action to create a level playing field for companies are seen as important steps, but full sustainability may not be achievable by targeted dates of 2020, 2025 or 2030.
Brochure for a joint conference between Innovation Forum and Bon Sucro on sustainable sugar cane, to held in London on December 4-5 2017. This is the third event in our recent series on sugar cane.
An excerpt from our new Supply Chain Risk & Innovation publication: http://innovation-forum.co.uk/supply-chain-risk-innovation.php
A key mechanism of the sustainability movement, commodity certification has proved fairly effective in the fight against environmental destruction. But do global systems designed to drive best practice have their limitations?
An excerpt from our new Supply Chain Risk & Innovation publication: http://innovation-forum.co.uk/supply-chain-risk-innovation.php
As a result of its industry-leading position, tech giant Apple's efforts on sustainability have come under significant scrutiny - especially when it comes to working conditions at factories in China. Now, via audits, reporting and increased engagement, it is making a difference.
This document describes a subscription publication about sustainable supply chain management. It provides analysis and insight into key industries like apparel, consumer goods, and food and beverages. The publication benchmarks performance against competitors and provides case studies on corporate strategies and initiatives. It also covers trends in areas like NGO campaigning, sector risks and values, and upcoming issues. Subscribers benefit from cross-industry news and analysis to inform their work. The publication examines challenges like reducing antibiotics use, human rights, child labor, and certification standards. It costs £495 annually for 25 pages of condensed insight per issue.
Modern slavery and forced labor continue to exist in global supply chains, with recent examples uncovered in industries like shrimp fishing in Thailand and coffee plantations in Brazil. New legislation in countries like the UK and US requires large companies to increase transparency about their efforts to address risks of slavery in their supply chains. While some companies have made progress through initiatives like strengthened recruitment policies and local monitoring of high-risk areas, most agree that eradicating slavery from global supply chains remains a significant challenge that requires distinct policies, activities, and approaches.
Management briefing from Innovation Forum on sustainability in the apparel industry. The report provides a concise snapshot of the latest trends and challenges facing the industry, and looks at how business is responding.
Management briefing from Innovation Forum on seafood and aquaculture sustainability, highly relevant for the US market and global companies working in seafood sustainability and CSR.
A huge challenge lies ahead of the world's biggest restaurant chain, largely run by franchises.
Taken from Innovation Forum's Supply Chain Risk & Innovation publication, published ten times a year on a subscription basis. The publication brings together concise, practical insight into global supply chains.
Required reading for senior management, buyers, business sustainability professionals and all who advise them, Supply Chain Risk & Innovation distils all the myriad information, data, research and comment, presented it in a clear, analytical format.
This piece comes from our third issue, to which you can receive as part of a free 3 month trial, should you subscribe by Friday 4th March here: http://innovation-forum.co.uk/supply-chain-risk-innovation-subscribe.php
This management briefing, published by Innovation Forum, sets out the latest trends in the extractives industry, with a data digest and the low-down on upcoming campaigns, finishing with a Q&A.
Targets versus achievements - this article compares what a company said it would do with what it has actually achieved. This time, the focus is on Ikea.
Taken from the second issue of Innovation Forum's new regular monthly publication, Supply Chain Risk & Innovation, which covers all the key trends, stats, numbers, critical analysis, campaigns and analysis in sustainable supply chains world-wide. Published ten times a year at: http://innovation-forum.co.uk
This document provides information about an upcoming conference on "Sustainability for Smallholders" to be held in London on March 22-23, 2016. The conference will address major risks facing smallholder farmers and how to develop programs and solutions to boost their resilience. Over 200 attendees, including representatives from food companies, donors, NGOs, and governments will discuss strategies around access to finance, markets, climate change, and collaboration. Breakout sessions will cover topics such as insurance, engaging women, land rights, and building community support. High-level speakers from organizations like Fairtrade, Mars, and Root Capital will provide insight and guidance. The goal is to have practical discussions that can inform business strategies and lead to scalable solutions
Free management briefing from Innovation Forum on sustainability issues - and how they are being tackled - in the global alcoholic drinks industry. March 15 2016 London conference also being held. Details at: http://innovation-forum.co.uk/sustainable-drinks.php
Sample issue of Innovation Forum's new regular monthly publication, Supply Chain Risk & Innovation, which covers all the key trends, stats, numbers, critical analysis, campaigns and analysis in sustainable supply chains world-wide. Published ten times a year at: http://innovation-forum.co.uk
As supply chain collaborations and collective organisations multiply, what are the ingredients for success? What are the dangers from 'collaboration fatigue'?
Taken from Innovation Forum's new Supply Chain Risk & Innovation publication, published ten times a year on a subscription basis. The publication brings together concise, practical insight into global supply chains.
Required reading for senior management, buyers, business sustainability professionals and all who advise them, Supply Chain Risk & Innovation distils all the myriad information, data, research and comment, presented it in a clear, analytical format.
Find out more here: http://innovation-forum.co.uk/supply-chain-risk-innovation.php
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
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Top 10 Free Accounting and Bookkeeping Apps for Small BusinessesYourLegal Accounting
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
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This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
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Ethical Corporation Dec-January 2012 Extracts
1. ECM Dec-Jan_Layout 1 10/12/2012 16:06 Page 1
Corporate reputation
Transparency is the answer
Alternative vehicles
Is liquid nitrogen the low emission solution?
Nike
Sustainable can be cool
December 2012 – January 2013 www.ethicalcorp.com
The year that climate change hit Manhattan
2. ECM Dec-Jan_Layout 1 10/12/2012 16:06 Page 2
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INNOVATION BEST PRACTICE INTERACTIVITY FOCUSED DEBATE Daniel Franklin
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Key CSR Topics for 2013
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3. ECM Dec-Jan_Layout 1 10/12/2012 16:06 Page 3
Ethical Corporation • December 2012 – January 2013 Contents 3
Contents
5 From the editor
EthicsWatch
6 HSBC
Battered and bruised
7 Emissions trading
Aviation cut out
8 People trafficking
US toughens stance
p22 Are there new alternatives?
9 Wind energy
So much potential
22 Alternative vehicles
Electric cars left behind
24 Cheat sheet
10 Mallen Baker
Insight and analysis distilled p35 Sustainable products people want
Options for GRI
26 NGOwatch
Water risks addressed
Review of the year Strategy and management
12 2012’s ups and downs 35 Sustainability commercialised
Briefing: corporate reputation
Nike’s big steps forward
16 2013’s potential
28 Stakeholders, crises and bad
38 Essay
management
Nature’s business solutions
32 Transparency and disclosure that works
19 Peter Knight
American voters explained
41 China column
20 CRwatch
Paul French has high hopes for China’s new
How Sandy brought out the best
premier
Review
42 Report: Microsoft
43 Report: Symantec
44 New books
45 Academic news
People
46 Recruitment
Sector that bucks the trend
48 People on the move
REUTERS/CARLO ALLEGRI
50 Toby Webb
p11 Looking back, looking forward p27 Business bashing Give reporting some glitz
4. ECM Dec-Jan_Layout 1 10/12/2012 16:06 Page 4
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5. ECM Dec-Jan_Layout 1 10/12/2012 16:06 Page 5
Ethical Corporation • December 2012 – January 2013 From the editor 5
Welcome to the December 2012 – January 2013 issue
t’s been quite a year. As ever, the focus for our final issue of activism, which carefully and effectively identifies corporate
I 2012 is to reflect on the events of the past 12 months, and
try to analyse where the progress has been made and where
targets, companies need to be nimble and engaging. They
need to demonstrate that they know where their corporate
the new challenges have come from. behaviour needs improvement, and that they are doing
While many parts of the world have for some time been something about it. Transparency is the key, of course, and an
experiencing seemingly more-frequent extreme climate ability to accept there are problems – and that there will be in
events, there’s no doubt that Hurricane Sandy sweeping the future. And as the recent corpo-
through the eastern United States in the autumn focused rate tax scandals – not least
attention on the issue. Ironically – and despite a severe involving Starbucks – show, simply
drought this year in many crucial grain growing regions else- operating within the law is often
where in north America – climate change was hardly not enough.
mentioned for much of the US presidential election. It really Elsewhere this time we examine
was all about the economy (stupid), despite the fact, of course, the future for electric vehicles, and
that climate impacts may well be the most serious economic explore some potentially much
issue over the coming years. better alternatives. And in the next
Is the game up already? As Penny Shepherd, chief execu- of our sustainability commercialised
tive of UKSIF says in our 2012 review, this past year may well series, we focus on Nike’s leader-
become regarded as the time when everyone involved in the ship in the apparel and footwear
climate debate concluded that the 2C “safe” temperature rise sector in the drive for radically more sustainable products. In
target that the UN’s climate panel have set is in practice addition we have reviews of the latest reporting from
unachievable. Microsoft and Symantec, and the usual roundups and
We’ll review next time how far the Doha climate talks analysis from our columnists.
addressed these thorny issues. But, one thing the experts We’ll be back with our February issue. Until then, many
from the Ethical Corporation advisory panel agree on is that thanks from all of us at Ethical Corporation for your feedback
business is taking the lead on the climate and other sustain- and support during 2012, and best wishes for a successful
ability matters that are so pressing. Chris Wille from the 2013.
Rainforest Alliance sums it up well, pointing out that as we all
share the responsibility for a sustainable future, everyone has
to do something.
There are no surprises that, increasingly, the companies
that are seen to be doing their share are also winning in terms
of corporate reputation, the focus of this issue’s management Ian Welsh
briefing. In the age of interconnected stakeholders and smart Editor
Publisher: Toby Webb Contributors: Rob Bailes, Oliver Balch, Mallen Baker,
toby.webb@ethicalcorp.com Jeni Bauser Yaghoubi, Elaine Cohen, Jon Entine,
Editor: Ian Welsh Paul French, Stephen Gardner, Phoebe Hayes,
ian.welsh@ethicalcorp.com
Giles Hutchins, Peter Knight, Claire Manuel, Sam Phipps,
Rikki Stancich, Toby Webb
Contributing editor: Mallen Baker
Sub editors: Sarah Burton, Gareth Overton
Business Intelligence for Sustainability
People on the move Advertising and sales: Oliver Bamford Design: Alex Chilton Design
moves@ethicalcorp.com oliver.bamford@ethicalcorp.com | +44 (0) 20 7375 7518 info@alex-chilton.co.uk | +44 (0) 20 7042 6340
7-9 Fashion St, London E1 6PX UK
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6. ECM Dec-Jan_Layout 1 10/12/2012 16:06 Page 6
6 EthicsWatch Ethical Corporation • December 2012 – January 2013
EthicsWatch Banking boost
Britain’s Green Investment Bank has
By Stephen Gardner opened for business. The Edinburgh-
HSBC under fire, aviation cut from EU emissions trading, US people trafficking rules based GIB officially opened its doors
tightened and the wind power dilemma at the end of November, with initial
state backing of £3bn. The bank has
GORDONBELLPHOTOGRAPHY/ISTOCKPHOTO.COM
Analysis: HSBC Tom Picken of Global Witness says: “HSBC also made its first investment, placing
have tried to deflect the seriousness of this by £8m into a project to construct
‘World’s local bank’ stating almost all of their clients are ‘compliant Britain’s biggest anaerobic digestion
accused over or near-compliant’. They won’t, however,
explain what ‘near-compliant’ means.”
logging clients Global Witness suggests that while HSBC’s
forest policies are more progressive than those
of other banks, it has failed to monitor and
By Rob Bailes implement those policies.
Embattled British bank HSBC finds itself Picken adds: “It is deeply disappointing
embroiled in yet another scandal that HSBC have still not agreed to a meeting
with Global Witness at a level higher than
ust when you thought things couldn’t get simply fielding HSBC’s sustainability people –
J any worse for HSBC, a report published by
Global Witness in November accuses the British
this suggests they are not taking these matters
seriously.” Green bank will boost energy, says Cable
financial giant of bankrolling unsustainable
logging companies in Sarawak, Borneo. A new low plant (for conversion of waste into
According to the Global Witness investiga- The Global Witness report represents a new biogas), in Teesside. The bank’s
tion, a number of HSBC’s Sarawak clients have nadir for the embattled bank. In July 2012, a 12- contribution is matched by £8m in
been engaging in illegal logging and unethical month US Senate investigation found that private funding. The GIB will “place
practices, violating the bank’s 2004 forest HSBC’s compliance culture had been “perva- the green economy at the heart of
sively polluted for a long time” our recovery and position the UK at
after years of poor anti-money- the forefront of the drive to develop
laundering controls allowed billions of dollars green energy”, according to business
to be laundered through its US and Mexican secretary Vince Cable. Some of the
banking operations. bank’s powers, including its freedom
A Senate subcommittee concluded HSBC to borrow from the capital markets,
had “exposed the US financial system to money remain to be clarified, however.
laundering, drug trafficking, and terrorist
financing risks” through a systematic failure to Sweet success
enforce internal controls. HSBC says: We are The self-declared “pre-eminent
actively engaged in discussions with US author- player in global snacking”, Mondelez
ities to try to reach a resolution, but there is not International, formerly known as
yet an agreement. Kraft Foods, and the owner of brands
The bank is currently preparing itself for such as Cadbury’s, has celebrated the
fines from the US authorities that could reach launch of its new name with a plan
Stakeholders kept in the dark as much as $1.5bn – one of the largest ever to invest $400m over 10 years in a
imposed in the financial services industry. For Cocoa Life sustainability programme.
policy – and earning it $130m. comparison, Standard Chartered recently The scheme will help cocoa farmers,
HSBC’s 2004 forest policy required the bank received a fine of $340m from US regulators for especially in Ivory Coast, where
to drop clients unlikely to achieve Forest Stew- its alleged role in illegal banking transactions $100m will be invested to double the
ardship Council or equivalent certification for with Iran. productivity of 75,000 smallholders.
70% of their operations, by 2009. Global If money laundering and bankrolling of Money will also be spent on commu-
Witness says that as of 2012, none of HSBC’s unsustainable logging companies weren’t nity, youth and environmental
Sarawak forestry clients analysed in the report enough, last month HSBC also found itself projects. Cocoa Life is the scaling up
hold an FSC or equivalent certification, repre- looking into evidence that criminals and tax of the Cadbury Cocoa Partnership,
senting a 100% compliance failure over an evaders were using offshore accounts at its which has run projects in the
eight-year period. Jersey operations following a leak from a Dominican Republic, Ghana and
Responding to Ethical Corporation, the bank whistleblower. India. In Ghana, it helped partici-
says that “99% of our customers in the forestry While it is not the responsibility of the bank pants increase their household
sector are compliant or near compliant with our to police the tax affairs of its account holders, incomes by 200%, according to the
policy” and that it is ending its relationships HSBC shareholders, regulators and the public company. “It’s about empowering
with the “remaining 1%”. will surely be very concerned. I cocoa communities,” Mondelez senior
vice-president Bharat Puri says.
7. ECM Dec-Jan_Layout 1 10/12/2012 16:06 Page 7
Ethical Corporation • December 2012 – January 2013 EthicsWatch 7
Gender balance
At least 40% of non-executive board- Analysis: international aviation national aviation emissions. “Our concern was
member positions in European Union that by putting international aviation into the
publicly listed companies should go
to women, the European commis-
Aviation falls EU emissions scheme, policy-makers were
putting off difficult political decisions around
sion says. Under proposals published
in mid-November, the quota would
from emissions UK airport capacity and expansion,” says
Wyatt.
have to be met by 2020. Commission
vice-president Viviane Reding says 11
trading scheme There is, however, scepticism that ICAO can
deliver. “The track record of ICAO in terms of
EU countries, including France, Italy By Rob Bailes delivering real emissions reductions is poor,”
and Spain, have introduced some The ICAO has a year to come up with a adds Wyatt. “That’s why aviation needs to be
kind of rule on gender balance in framework for aviation emissions, as the part of a global deal.”
boardrooms, and other countries EU suspends international flights from its
should follow suit. However, trading scheme Stung into action
although it would be binding for Addressing greenhouse gas emissions from
n November the European commission international aviation has long been a
countries to take measures to meet
the goal, no sanctions would be
applied to companies missing the
I unexpectedly announced it would freeze the
application of the EU emissions trading
headache for international policy-makers.
Excluded from the 1997 Kyoto protocol
target if it could be shown that scheme to non-EU flights for a year. because of difficulties in determining how to
suitable candidates were not avail- According to climate commissioner Connie allocate emissions to different countries,
able. The proposal must survive Hedegaard, the decision by the EU will enable responsibility for reducing emissions has
examination by the European parlia- the International Civil Aviation Organisation instead rested with the ICAO.
ment and EU member state (ICAO) time to develop a global framework for Now, ICAO appears to have been pressured
governments before becoming law. a market-based emissions reduction scheme into action. In mid-November it announced
relevant to international aviation.
JORDIRAMISA/ISTOCKPHOTO.COM
Local tariffs for local Industry experts say the EU’s
people climbdown is a result of pressure
People living close to wind farms from aircraft manufacturers and
might have less of a not-in-my- overwhelming global opposition
backyard attitude if they receive a to the EU’s decision to pull inter-
bonus via their electricity tariff. Good national aviation into the EU ETS.
Energy, which provides renewable Countries such as China, India
power, is offering a 20% discount to and the US have consistently
opposed the EU ETS decision on
TIMMY/ISTOCKPHOTO.COM
the grounds that any agreement
on international aviation emis-
sions must be global and come
through ICAO.
Most recently, a new US law
was enacted that shields US Can aviation avoid a bumpy landing?
airlines from the EU ETS. While
the move will have no immediate effect in light the formation of a special high-level group
of the EU’s decision it could affect future rela- charged with investigating the feasibility of a
tions between the US and EU, should ICAO fail global market-based measure and a global
to develop and agree a global framework. policy framework to guide its application.
According to the Aviation Environment According to ICAO’s secretary-general,
Local generation can turn back the clock Federation, opposition to the EU ETS has been Raymond Benjamin, a draft resolution on a
one of political principle rather than any global policy framework will need to be
people living within 2km of its wind fundamental rejection of the scheme itself. produced in time for the organisation’s annual
farm in Delabole on the north Cornish “Disquiet towards the EU’s decision is not general assembly in September 2013. Putting in
coast, in southwest England. The so much based on how it will impact in terms place a global market-based scheme may take
scheme is the first of its kind, of cost, but more in terms of the principle – much longer, however.
according to the company. An extra that the EU was looking to impose measures “We don’t have to come to that general
bonus depending on how much elec- beyond its borders,” says Cait Hewitt, deputy assembly with a global scheme. We have to
tricity the wind farm produces could director of the federation. come with a global framework and an answer
bring the net benefit for local resi- Environmental groups have tentatively to the question about the feasibility of a global
dents up to £150 a year. The local tariff welcomed the decision as positive. According scheme,” says Benjamin. “The objective
would “put renewables at the heart to Vicky Wyatt of Greenpeace UK, the EU ETS remains carbon-neutral growth of the aviation
of the community,” says Good Energy was never a panacea to the problem of inter- industry by 2020.” I
chief executive Juliet Davenport.
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8 EthicsWatch Ethical Corporation • December 2012 – January 2013
Prototype published
Analysis: supply chains workforce agencies and educators. Integrated reporting of financial and
This would help ensure that “victims are non-financial results has come a step
Anti-trafficking always treated as victims and not criminals,” closer according to the International
measures go federal he said. Integrated Reporting Council (IIRC),
which has published its “prototype”
Now for action framework. Paul Druckman, the IIRC
By Sam Phipps Human rights NGO Stop The Traffik has chief executive, says the prototype
While the US government is targeting praised Obama’s adoption of the California framework will help companies dip
human trafficking, companies must take law on a federal level but cautions against their toes in the waters of integrated
ultimate responsibility for their supply complacency. reporting. “We are encouraging busi-
chains “It is excellent that anti-human trafficking is nesses to start testing the principles
on top of the agenda for President Obama, as of integrated reporting and evalu-
new executive order from the US presi- this will inspire others to also make it a
A dent, Barack Obama, requires all US
government contractors and subcontractors to
priority,” says Jantine Werdmuller von Elgg,
global project officer at Stop The Traffik.
ating their relevance and
applicability,” he says. Feedback is
welcome, though the prototype
ensure they do not engage directly or indi- But she argues that putting legislation in framework is not part of the IIRC’s
rectly in forced labour. The measures mirror place won’t necessarily bring about change. “It formal consultation process. The final
laws passed in California two years ago with is only employees taking action in a company framework is expected at the end
the purpose to “provide consumers with infor- that will disrupt the global trade in people.” of 2013.
mation regarding [companies’] efforts to Von Elgg also cites imminent UK legislation
eradicate slavery and human trafficking from that has much the same thrust as the US law. Adding fuel to the fire
their supply chains”. The proposed Transparency in UK Company The European commission has infu-
“Our fight against human trafficking is one Supply Chains (Eradication of Slavery) Bill is riated environmental groups by
of the great human rights causes of our time,” expected to resume its second reading debate listing as “sustainable” palm oil
Obama said, announcing the order shortly in January 2013. certified by the Roundtable on
before his re-election. More than 20 million Obama also announced more resources for Sustainable Palm Oil (RSPO). The
people around the world are ensnared in traf- services and legal assistance to victims of traf- listing means that biofuel produced
ficking, according to the White House. ficking, including the launch of $6m in special from RSPO palm oil can count
The executive order reinforces an existing awards – with support from the Goldman towards a legally binding European
zero-tolerance policy on trafficking in govern- Sachs Foundation – for local communities to
develop collaborative and comprehensive
RZELICH/ISTOCKPHOTO.COM
solutions to help trafficking victims.
EDSTOCK/ISTOCKPHOTO.COM
Laurel Bellows, president of the American
Bar Association (ABA), also welcomes the exec-
utive order and says she expects a uniform law
against trafficking to apply in the US from next
July or August 2013, covering the whole
private sector as well as the state.
More than 100,000 US citizens are in slavery
today, and that excludes “tens of thousands of
men, women and children who are brought
over our borders and subjected to captivity for
sex or labour for the profit of their captors,” Green fuel greenwash?
Bellows says.
In Chicago alone 16,000 underage girls are Union target for 10% of transport
Officially zero-tolerant on people trafficking forced into prostitution each year, though fuels to come from renewable sources
Seattle and Atlanta are the main hubs, Bellows by 2020. Friends of the Earth and
ment contracting and requires compliance says. Greenpeace say that the decision
measures for overseas contracts and subcon- “We have to make certain that every single amounts to “greenwashing” of palm
tracts of more than $500,000. These include an employer in this country incorporates into a oil, the production of which can drive
employee awareness programme, a process to handbook or short presentation a basic plan destruction of tropical forests as areas
report violations without retaliation, and for all employees to sign off when they join are cleared for plantations. The RSPO
recruitment and housing plans. and at the end of every year: how do you says the decision was “critical in
Obama has pledged more training and identify a victim and what’s the hotline making real progress towards the
guidance to federal prosecutors, law enforce- number to call if you think you have.” supply and demand of sustainable
ment officials and immigration judges, as well Bellows concluded: “Americans have to commodities” and that certified palm
as to commercial transportation officials, state understand that they all have a job they can do oil does not “contribute to the
and local law enforcement partners and state on this issue.” I sustained destruction of valuable
tropical forests”.
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Ethical Corporation • December 2012 – January 2013 EthicsWatch 9
Deforestation down
Some rare environmental good news: Analysis: wind power the IEA. If these subsidies were removed
the rate of Amazon deforestation today, greenhouse gas emissions would be 6%
was down 27% in the year to 31 July Blowing hot and lower by 2050 (according to OECD analysis),
2012, and the lowest rate since
records began in 1988. Andre Correa
cold and renewables such as wind and concen-
trated solar power would be cost competitive
do Lago, Brazil’s head negotiator at By Rikki Stancich in Hong Kong with, if not cheaper, than coal and gas, says
the United Nations climate conference More commitment to wind power could Greenpeace’s renewable energy expert, Sven
mean hitting global emission reduction Teske, a co-author of the GWEO report.
RICARDOAZOURY/ISTOCKPHOTO.COM
targets. But it’s looking unlikely
Within reach
ovember was an important month for According to the report, the power sector is
N climate change mitigation. The Interna- responsible for more than 40% of all CO2 emis-
tional Energy Agency made a historic first, sions from burning fossil fuels, and about 25%
initiating dialogue on climate change. It of total greenhouse gas emissions. This makes
advises that to achieve the goal of keeping any a compelling case for installation of renewable
global temperature rise to 2C, only one-third of energy generating capacity.
proven reserves of fossil fuels can be With political commitment, the 2030 emis-
consumed before 2050. sions goal can be met and even exceeded,
All eyes then turned to COP 18 in Doha, stresses the report. In a best-case scenario,
and the UK’s Department of Energy and wind energy could meet roughly 24.8% of total
Welcome cut in cutting Climate Change’s long-awaited energy bill. electricity demand.
The latter signals a switch away from coal Since 2009, however, growth in the wind
in Doha, Qatar, says measures to towards nuclear and renewables, sector has slowed significantly. According to
curb illegal logging had had an particularly wind, but with consumers facing the report, “recession in most of the OECD, the
impact, and that emerging countries higher bills to pay for new power installations. lack of EU ambition to ‘fix’ its emission trading
could do more on deforestation and With the window of opportunity to stave system, fickle policy in the US and elsewhere”,
other carbon-related issues if rich off runaway climate change
SHAUNI/ISTOCKPHOTO.COM
nations provided more funding, narrowing, the stakes are higher
including to address poverty. than ever. Even so, “the politics
Despite the improvement, more don’t look very good”, says the
than 4,600 square kilometres of latest Global Wind Energy
the Amazon rainforest was lost in Outlook (GWEO) report.
2011-12, an area nearly twice the To rein in climate change,
size of Luxembourg. annual global emissions must
be pared down from the IEA’s
How to avoid 2020 business-as-usual scenario
corruption of 56bn tonnes of CO2, to a
Executives hoping to avoid large fines 44bn tonne goal. Today,
or even prison sentences should they however, there is already a
get caught up in corruption in foreign “gap” of 10bn tonnes of CO2
countries should read a 120-page per year between current
guide to the United States Foreign confirmed national emission
Corrupt Practices Act, published reduction targets and that
recently by the US government. The 2020 goal. Still untapped potential
guide includes case studies, details “Even if the pledges made in
on the scope of anti-bribery provi- Copenhagen and confirmed in Cancún are have undermined the sector’s growth poten-
sions, definitions of terms such as met in full, a gap of 6bn tonnes per year tial, according to the GWEO report.
“corruptly” and “wilfully”, defences remains,” notes the GWEO report. Meanwhile, Growth is likely to pick up again around
that might be accepted and the global emissions continue to rise. 2014. But the Global Wind Energy Council’s
penalties that might apply to wrong- Unless market corrections such as efficient secretary-general, Steve Sawyer, argues it is
doers. Because of the damage done carbon pricing and removal of fossil fuel subsi- unlikely that the best-case scenario can be
by corruption, enforcement of the dies are made now, the current opportunity to achieved. Instead, he says it is more likely that
Foreign Corrupt Practices Act is a contain global warming will be missed, 760GW will be installed by 2020, meeting 8.3%
“continuing priority at the Depart- according to IEA projections. of electricity demand, with annual CO2
ment of Justice and the Securities However, governments continue to back savings of around 1bn tonnes. As the report
and Exchange Commission,” the the wrong horse. Subsidies to fossil fuels are concludes, this is “not sufficient for wind
guide said. The act’s provisions can now 30% higher than in 2010 and six times the energy to play its full part in combating the
extend to non-US, as well as US, amount received by renewables, according to climate crisis”. I
companies.