(3BL/JustMeans) Carnival Corporation is a cruise company that bills itself as the world’s largest leisure travel company. It is also a company that puts a premium on sustainability, as shown by the progress it has made towards sustainability performance goals it set in 2015. The 10 goals are all specifically designed to reduce the company’s environmental footprint.
FROM THE EDITOR
What Happens When Big Business Media Reports on CSR
The WSJ has published a downbeat assessment of CSR. The article cited a study showing that CEOs exiting Fortune 500 companies were 84% more likely to be fired if they invested strongly in good corporate citizenry yet recorded below par financial results than CEOs at poor performing companies that spent less on “do-good” initiatives. This decidedly defensive claim was offset by an upbeat article in the Financial Times. It notes that a survey of 500 pension funds, foundations, endowments, and sovereign wealth funds found that two-thirds of big investors believe sustainable investing will grow in significance by 2022. Further, studies show a “remarkable correlation” between responsible investing and outperforming results. Who to believe? The wise CSR/sustainability professional will collate carefully from such “mainstream” sources to ensure an accurate reading of the pluses and minuses of CSR—and stay tuned to this space, which curates the CSR news.
John Howell, Editorial Director
ReportAlert: Marine Stewardship Council releases 20th Annual Report.
News & Blogs
(3BL Media/Justmeans) – The Paris climate agreement in 2015 sent a clear message to markets and businesses worldwide: a low-carbon future cannot be denied. While it was a wake-up call for some companies, for many others it was an affirmation that cleaner growth was not only possible, but also good for their bottom line.
Guest blog by Mark Wallace, UPS
More and more of the world’s population is moving to cities. According to the UN, by 2050 nearly two-thirds of the global population will live in cities, and urban populations will increase by two billion people. While this mass migration will bring new, exciting opportunities for city residents, it also brings daunting challenges to urban environments and the businesses operating there.
(3BL Media/Justmeans) – Fortune magazine has brought out its 2017 ‘Change the World’ list to recognize large companies that are making a positive social impact through activities that are part of their core business strategy. The list identifies companies based on three factors: measurable social impact, business results, and degree of innovation.
(3BL Media/Justmeans) – It has been estimated that the cost of the damage from Hurricane Harvey is between $150bn to $180bn. It has been the most powerful hurricane to hit Texas in 50 years, killing an estimated 47 people, displacing more than a million and damaging some 200,000 homes in its path of destruction stretching for more than 300 miles.
(3BL Media/Justmeans) – Clean energy is one of the most effective tools in the fight against climate change. At the same time, clean technologies save money and make better business sense as they displace fossil fuel emissions. As a result, major companies are increasingly inclined to use clean energy for their global business needs.
(3BL Media/Just Means) Green building is a trend that is on the upswing. The number of global builders that have at least 60 percent of their projects certified green will double from 2015 to 2018, predicts the World Green Building Trends. By 2023, commercial building owners and managers will have invested an estimated $960 billion globally on making their existing built infrastructure green.