(3BL/JustMeans) Food waste is a big problem. An estimated 30 to 40 percent of the food supply in the U.S. alone is wasted. In 2010, about 133 billion pounds of food end up wasted in the U.S., amounting to $161 billion worth of food. Globally, about one-third of all food produced is wasted. Food waste in industrialized countries is about $680 billion. Food that is wasted ends up in landfills where it emits methane, a greenhouse gas with a warming potential 23 times that of carbon dioxide.
FROM THE EDITOR
Responsible Investment Adds “Social Bonds” to Ethical Finance Products Glossary
Add this term to your socially responsible investing vocabulary: “social bonds.” These are financial products aimed at addressing social issues such as access to education, crime, homelessness, and helping underserved communities and disadvantaged children. This market is small—just $3.5 billion of social bonds were issued in Q2 of this year—but the market is booming, according to the Financial Times. Data provider Dealogic reports that this was more than double the previous record, and the best quarter on record. FT states that the trend is “part of a wider shift by bond investors to follow in the footsteps of longstanding efforts to push for ethical investing.” For issuers, the ROI is clear: reaching new investors. Watch for standards to be settled (how to measure effectiveness?), then for this market to really take off.
John Howell, Editorial Director
ReportAlert: American Cleaning institute releases 4th Sustainability Report
News & Blogs
(3BL Media/Justmeans) – Social enterprises are a new way of doing business, where, by selling goods and services in the open market, the social enterprises reinvest the money they make back into their business or the local community to tackle social problems, improve people's lives, support communities and help the environment. It’s accepted that when a social enterprise profits, society profits.
(3BL/Justmeans) President Trump has proved to be a president who is weak on climate action. In June, his administration announced it would withdraw from the Paris climate accord. Trump will likely continue with policies that are detrimental to the environment, but business can lead where government lags or fails.
(3BL Media/Justmeans) —S-Network Global Indexes, a leading publisher and developer of proprietary and custom indexes, is hosting its 5th annual “Summer in the City” CSR Investing Summit and Workshop July 19-20 in New York.
(3BL Media/Justmeans) – Our societies need thriving young people - children and young adults who want and are able to positively shape the world around them. They need opportunities to develop as people and citizens, to create their own path and a positive personal identity to develop empathy so they can live and contribute alongside others.