“Could renewables be the Majors’ next big thing?” That’s the provocative question raised in a white paper by Wood MacKenzie, a research and consultancy group, promoted through its subsidiary, Greentech Media. A few years back, the major oil and gas companies had small but active units dedicated to renewable energy sources. When oil reached $100 a barrel, these exploratory departments went quiet. Now, as the rapid growth of wind and solar power radically reshapes energy markets, Big Oil is getting back into the renewables game.
From the Editor
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.
China has gotten bad press for the high pollution levels in its major cities, but here’s some good news: of the 103 new electric car models projected to be launched globally by 2020, Chinese automakers are on track to produce 49—nearly half, according to Reuters.
Whether you actually see it in action or not, big data is transforming the healthcare industry. It now organizes, analyzes, and shapes stakeholder requirements and market competitiveness, manages risk, and enhances performance by organizations and providers. One area in which it is becoming more visible is in personalized medicine, according to Hidden Brains. Patient data—from genetic blueprints to lifestyle information—can be collected and integrated to develop individualized care.
A new economic assessment adds up the potential costs of climate change—and the numbers are hefty.
Companies are being asked by investors to meet carbon emissions reduction targets agreed to in the 2015 Paris Agreement. A group organized by the G20 countries, the Financial Stability Board’s Task Force on Climate Related Financial Disclosures, has proposed a voluntary framework for companies to disclose financial risk related to climate change.
It’s “Energy Week,” during which President Trump plans to promote US policy energy at events that focus on local and state energy issues. His stance is, of course, built on American production of oil and natural gas, and withdrawal from the Paris Climate Change agreement. But pushback has already kicked off the week. Leaders of more than 250 cities at the US Conference of Mayors have unanimously committed to renewable sources as the sole urban power within the next 20 years.
I recently caught up with some long-delayed reading this week. Among the backlog, one report especially stood out (thank you cleantechnica.com for bringing it to my attention).
In the latest example of companies joining together for political action, a coalition has been formed to “upgrade” government. DisruptDC, a non-partisan alliance, has released an open letter from 30 business leaders, “Upgrading American Government: It’s Not Rocket Science,” that presents their vision of “better” government. It links better government to a more competitive, innovative business climate.
More than 150 corporate executives have joined in a new initiative, C.E.O. Action for Diversity and Inclusion. The group commits companies to encourage their employees to openly discuss race and gender in the workplace.
Here at the editorial hub of global news about all things CSR and sustainability, I see many notices for many conferences. Some are general (on CSR and sustainability), some are specific (renewable energy, etc.). Some are focused on The Big Ideas (innovation, leadership), some on products (digital health tech). I often check websites for conference wrap ups that capture the incredible amount of knowledge that gets exchanged. But I know I’ve missed the comments that take place in informal conversations.
From where I sit at the nexus of a daily flood of news about all things CSR and sustainability, it’s plain to see to that innovation is the dominant idea in business today. What still surprises me is the many forms that it takes. A technological breakthrough that harnesses wave power—check. “Clean” meat—check. A watch brand that donates its profits for school uniforms for children in Africa—check. Renewable energy, food, and charity—these are only three of the many sectors of business and CSR/sustainability activity that are being creatively disrupted by innovation.
The pushback against the Trump Administration’s withdrawal from the Paris Climate Agreement continues, with thousands of US businesses, states, and cities saying they will maintain their standards in accord with the Paris deal despite the shift in national policy. Meanwhile, there are other, quieter places to look for signs of progress in addressing climate change. For example, housing accounts for 14% of global greenhouse emissions.
President Trump's withdrawal of the US from the Paris Climate Agreement on the grounds that it is bad for the country’s economy rejected arguments by business leaders that withdrawal would have a negative effect on business. Executives from many corporations said that withdrawal would cost the US economy in future jobs in clean energy and in investment in new technology. Elon Musk of Tesla and Robert Iger of Disney so disagreed with the “bad for business” rationale that they announced their own withdrawal from the president’s business advisory council.
Reportedly, we'll find out soon if the US remains in the Paris Agreement on climate change. If business really matters to the Trump Administration, you'd think that the message from major companies to keep the US in the Agreement "for the good of the U.S. economy" would make "remain" the obvious choice.
The Harvard Business Review has identified three “immutable” trends that will transform US health care in the future, no matter what shape governmental public policies take. Demographics (an ageing population) and research (new tools and drugs) are two certainties. So is the third, technology. “Today, nearly nine in 10 physicians regularly employ Electronic Health Records (EHRs). . . .
Businesses are doubling down on their investments in sustainability. UK grocer Tesco will source all of its electricity from renewable sources by 2030, adding to the £200 million in annual savings that the chain has recorded since investing in energy efficiency in 2007. Daimler has partnered with Vivint Solar to provide power storage for US homes, a logical move for a car maker that plans to introduce 10 models of electric cars by 2022.
Here’s a statement that ought to give any business pause: “Americans are willing to buy from or boycott companies based on corporate values.” That’s the header for the latest Cone Communications research, a study that concludes seven in ten Americans “believe companies have an obligation to take actions to improve issues that may not be relevant to everyday business operations” (italics mine).
Missouri is often classed as one of the reddest of Red States, with an uncompromising hard right socio-political stance. But that attitude can turn toward an individualistic libertarianism in unexpected ways. Take the legislature’s recent refusal to pass HB 340, which would have “allowed utilities to impose additional fees on Missourians who produce their own renewable solar power,” thereby increasing utility bills by 75 percent, according to The Missouri Times.
The latest data about the “green premium,” the higher price that consumers say they are willing to pay for eco-friendly goods, confirms that Millennials will pay more as will other demographics, but that they are also very frugal in their spending.