GreenBiz: Wells Fargo pledges $200 billion for low-carbon economy projects (April 2018)

GreenBiz, Cassandra Sweet,

Wells Fargo will pay $1 billion in fines for violating federal rules and unfairly charging consumers inappropriate fees as part of its mortgage lending operation, according to a settlement the company reached with federal regulators.

Meanwhile, the San Francisco-based bank said Thursday that it plans to put $200 billion toward investment in, and finance of, companies and projects involved with clean technologies, renewable energy, green bonds and alternative transportation, by 2030.More

The right way to support the sustainable development goals (April 2018)

Source: MIT Sloan Management Review, April 2018

Are Companies Succeeding at the SDGs or at “SDG Washing”?

When 193 member states launched the 17 Sustainable Development Goals (SDGs) at the United Nations in 2015, it was not clear how businesses could contribute to an agenda that covered such wide-ranging topics as eliminating poverty and hunger and promoting peaceful, just, and strong institutions worldwide.More

MIT Sloan Management Review: Supporting sustainable development goals is easier than you might think (February 2018)

It is possible for business to be both sustainable and profitable — but some sectors have a smoother path than others.

Companies and investors are being asked to support the 17 Sustainable Development Goals (SDGs) for 2030 — what some have described as “the closest thing the Earth has to a strategy”— since the public sector alone does not have the resources to do so. At the same time, companies must create value for their shareholders to create the returns they need for their ultimate beneficiaries.

In essence, both are being asked to do good and do well at the same time.More

Corporate Purpose Is No Substitute for Good Governance (MIT Sloan, April 2018)

Any corporate purpose, however laudatory or noble that mission may be, must be accompanied by strong governance.

The company’s board typically sets the boundary conditions in which management pursues its purpose, giving structure and meaning to the pursuit of a given corporate purpose. Purpose is not some teleological concept of the corporate end-state, a raison d’être that — by itself — pulls forward the company’s activities.More

Why carbon pricing matters: A guide for implementation from World Business Council for Sustainable Development (April 2018)

On April 19, 2018 WBCSD released a new in-depth guide for policymakers on carbon pricing.

It aims to spur discussions between policymakers and business leaders on how best to implement a carbon price to encourage low-carbon innovation and investment, while creating a level playing field for meeting the 2°C objective.

WBCSD see carbon pricing as one of the most efficient means of driving the transition to a low-carbon world – learn more today.More