181 major US businesses commit to act fairly and sustainably (published August 2019)

A welcome development this week was the declaration from 181 chief executives of US companies to operate in a way that values and recognizes all their stakeholders.

The signatories to the Statement on the Purpose of a Corporation, organized by Business Roundtable, includes commitments to:

  • Respect communities and the environment by embracing sustainable business practices;
  • Deal with suppliers and partners fairly and ethically;
  • Invest in their employees, fostering diversity and inclusion;
  • Demonstrate transparency and effective stakeholder engagement.

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Unilever warns it will sell off brands that hurt the planet or society (article in The Guardian, July 2019)

Unilever has warned it will sell off brands that do not contribute positively to society, with British favourite Marmite and Magnum ice-cream among the big names thought to be vulnerable to a cull linked to the company’s sustainable business agenda.

Unilever’s chief executive Alan Jope said it was no longer enough for consumer goods companies to sell washing powders that make shirts whiter or shampoos that make hair shinier because consumers wanted to buy brands that have a “purpose” too.More

New York State has set ambitious decarbonization goals. What needs to happen to reach them? (article by McKinsey, July 2019)

The below is an extract of an article by McKinsey.

You can read the entire article at McKinsey’s homepage here.

“The global relevance of New York State’s clean-power targets

In the past year, several US states have announced 100 percent clean-power targets—meaning complete reliance on low-carbon sources such as wind and solar—to be achieved over the next 20 to 30 years. The European Union hopes to go even further: it wants to decarbonize almost its whole economy—not just the power sector—by 2050. Meeting these targets will require extensive efforts across sectors (including power, transportation, industry, and building heating), successful bets on technology, and complex policy changes that incorporate market incentives, costs, customer acceptance, and electrical interconnections with adjacent regions.More

Denmark, Sweden and Finland – top the SDG Index 2019 (Bertelsmann Stiftung, June 2019)

From the report’s Executive Summary:

“The Sustainable Development Report 2019 presents an updated SDG Index and Dashboards with a refined assessment of countries’ distance to SDG targets.

Once again, Nordic countries – Denmark, Sweden and Finland – top the SDG Index.

Yet, even these countries face major challenges in implementing one or several SDGs. No country is on track for achieving all 17 goals with major performance gaps even in the top countries on SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action), SDG 14 (Life Below Water) and SDG 15 (Life on Land). Income and wealth inequalities, as well as gaps in health and education outcomes by population groups also remain important policy challenges in developing and developed countries alike.More

UN Global Compact: Report on global goals and ocean’s opportunities (January 2019)

Quote from UNGC report “Global goals, Ocean Opportunities” foreword by Lise Kingo:

“The rapid deterioration of ocean health, which deeply affects biodiversity, coastal communities and the health of the planet, must be urgently addressed. As this report shows, this deterioration is, like climate change, caused by human activity. We need the capacity and competence of the business community to solve this challenge.More

Jordens Vänner: Det svenske olieselskab Preem bedst til greenwashing 2019! (Juli 2019)

Citeret fra artikel i Aktuell Hållbarhet, 3/7 2019:

“Greenwashpriset blir Preemwashpriset

Jordens Vänner anser att kombinationen hög svansföring inom hållbarhetsområdet och planer som fördubblar koldioxidutsläppen vid raffinaderiet i Lysekil gör att Preem förtjänar Svenska Greenwashpriset 2019.

Preem tilldelas årets skampris nummer ett i Almedalen, Svenska Greenwashpriset. Utdelare är som vanligt Jordens Vänner som anser att Preems grönmålning består av att företaget planerar en utbyggnad av raffinaderiet i Lysekil samtidigt som företaget hävdar att deras “verksamhet bedrivs med utgångspunkt att bevara miljön för fratida generationer”. Utbyggnaden av Preemraff i Lysekil innebär att utsläppen därifrån fördubblas från 1,7 miljoner ton koldioxid till 3,4 miljoner.

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UK becomes first major economy to pass net zero emissions law (Gov.UK, June 27, 2019)

New target will require the UK to bring all greenhouse gas emissions to net zero by 2050.

The UK today became the first major economy in the world to pass laws to end its contribution to global warming by 2050.

The target will require the UK to bring all greenhouse gas emissions to net zero by 2050, compared with the previous target of at least 80% reduction from 1990 levels.

The UK has already reduced emissions by 42% while growing the economy by 72% and has put clean growth at the heart of our modern Industrial Strategy. This could see the number of “green collar jobs” grow to 2 million and the value of exports from the low carbon economy grow to £170 billion a year by 2030.

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Task Force on Climate-related Financial Disclosures: 2019 Status Report (June 2019)

“This is the second status report on adoption of the Task Force for Climate-related Financial Disclosures (TCFD) has delivered to the FSB. The Status Report provides an overview of the extent to which companies in their 2018 reports included information aligned with the core TCFD recommendations published in June 2017.More

More CEOs Sacked For Ethical Failure Than For Poor Financial Performance (Article by Andreas Rasche, June 2019, CBS)

From article, June 5th, 2019 by professor Andreas Rasche:

“According to a recent study from Strategy&, for the first time more CEOs have been dismissed for ethical lapses than for poor financial performance (in 2018).

What is the lesson?

I think that we overvalue compliance and undervalue the effects of a corporate culture on sustainable business decisions…”More