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 the Editor
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.
The technology that creates wind and solar power has become ubiquitous. It is now common to see efficient, cost-effective wind turbines and solar panels ieverywhere. But another form of potential renewable energy, wave energy stemming from ocean currents and tides, has so far not developed a viable technology to deliver it. The challenges are many, from corrosive salt water to unpredictable water movement patterns.
As more companies take public stands on political issues, it’s getting easier to follow corporate contributions made to candidates and political parties, ballot measures, and other direct or indirect payments.
Quick: name the US city that represents the cutting edge of sustainable design. How many did you think of before getting the right answer: Washington D.C.? Yes, the nation’s capital, home of a current administration that is openly hostile to environmentally friendly issues from renewable energy to climate change, is by far the country’s leader in sustainable design, reports Huffington Post.
In the most recent example of brands taking stands, 13 major corporations have written to President Trump urging him to keep the US signed on to the Paris Agreement on Climate Change. Their reason is simple: the bottom line.
There’s yet another measure of the rapid rise of green investments made by the private sector. The Green Transition Scoreboard has added up private investment in five areas (renewable energy, efficiency, life systems, constructions, and corporate R & D) and arrived at a total of $8.1 trillion. That is a larger sum than many have suspected. Published since 2009 by Ethical Markets Media, the Scoreboard tracks private money shifting from traditional investments into sustainable investing.
Over 80 national brands issued public statements as they removed their ads from Bill O’Reilly’s show when allegations of sexual harassment against the host continued to unfold. The pullout of major brand advertising clearly played a major part in Fox News’ decision to dismiss its most popular pundit.
Another generation of Buffets is showing leadership in innovative philanthropy. The NoVo Foundation, set up by Peter and Jennifer Buffett, the son and daughter-in-law of the legendary investor and philanthropist Warren Buffett, has announced a $90 million program aimed at groups and organizations working with girls of color in the US.
The growth in renewable energy is continuing its rapid rise, propelled by momentum built up in 2016. According to a new UN report, last year the world added record levels of renewable energy capacity and at lower cost. Eight percent more capacity than 2015 was added in 2016, with 23 percent less investment than the previous year (the 2016 total investment number was a still whopping $241 billion).
Call it another unexpected item on the list of unintended consequences. It makes total sense that a drop in the use of coal would result in a decrease in carbon emissions from the energy sector in 2016. That’s confirmed by the Energy Information Administration, which reports that overall emissions were down by 1.7%, the result of an 8.6% decrease in pollution from coal that followed from a 1.3% fall in coal use. But the EIA also reported that warmer weather was a big factor, too.
Impact investing—funding that supports efforts that both improve the social good and deliver a reasonable ROI—just got a big boost from the Ford Foundation. In the largest commitment of its kind by a private foundation, Ford is committing $1 billion from its $12 billion endowment over the next 10 years to mission-related investing.