iCompli Sustainability

22 Jan

California's slushy, good water news, Corporate Reporting boom

  1. California’s cap-and-trade slush fund

    California’s 2016-2017 budget includes a record high $3.1B from the cap-and-trade fund – to be used for all kinds of goodies like transit infrastructure, affordable housing, GHG reductions technologies, waste diversion, and renewable and efficiency technologies. More here.

  2. Water – the Good, Bad and the Downright Ugly

    World Economic Forum’s Global Risks 2016 report of 18 month and 10 year risks to global economy:  the most serious 10 year risk concerns water:  flooding, to severely drained aquifers (fracking, population), undrinkable water etc. But wait, good news about water too. But you’ll have to go here to read about it…  No wonder the Carbon Disclosure Project and others have pivoted to a duel emphasis on carbon and water disclosures -- for shareholders and others to assess company risk/upside.
     
  3. Corporate Reporting is growing,  as is the use of Corporate Reporting data by investors. 

    In a Harvard study of 2300 companies, those with strong performance on material ESG issues also had stronger stock performance than those with weak ESG performance (HBR 2015). It’s no wonder that the use of Bloomberg’s ESG data screens grew by 76% in one year. In the mean time, 95% of the 250 largest companies in the world are now reporting on sustainability and corporate responsibility activities. Need help to get started? We have a fast track reporting solution. This email address is being protected from spambots. You need JavaScript enabled to view it..

15 Jan

Three things you should know this week, on Trump, green wash fines, Singapore stock exchange

  1. A Trump company airplane was fined US$2,347 for not purchasing offset credits for a UK bound flight. The EU’s Emissions Trading Scheme (ETS) requires permits for every ton of carbon pollution emitted, or pay a $109/ton fine. Who cares? Well, first this supports theories that global warming is a plot to stifle US competitiveness ;). Second, it illustrates, in a small way, how carbon emissions impact the bottom line. Companies that measure and manage GHGs will outfox their peers by reducing exposure to carbon taxes and levies such as this. See below for help.

  2. Feeling good about your eco-sensitive, cozy bamboo sheets? Don’t. The US FTC (Fair Trade Commission) has just fined Bed Bath and Beyond, Nordstrom, JC Penney and Backcountry.com $1.3M for misleading information about bamboo textiles. Consumers have empowered the world’s FTCs to track down green wash, impose fines, and take brand values down a notch or two. Thanks to this kind of bamboo-zling, unverified social-environmental claims and reporting have little value anymore. More here. See below for help.
     
  3. The Singapore Stock Exchange (SGX) released planned rules for ‘comply or explain’ Sustainability Reporting guidelines. The SGX joins a growing number of stock exchanges mandating non-financial reporting. This on the heels of the World Federation of Exchanges (members – 64 stock exchanges worldwide) releasing its Sustainability Guidance on how stock exchanges themselves should report. Bottom line – non-financial reporting will be an entry-level requirement for listed entities.
05 Jan

 

Three things you should know this week, on carbon plans, China and Corporates:

  1. Obama will be un-stoppable on Climate Change in his final year. Expect wide-reaching policies calling for immediate business adaptation. If your carbon plan relies on a post-Paris fizzle, abort. Learn more here and see point 3 for options.
     
  2. Then there’s China’s unfair advantage when things need to get done quickly. Here's eye-popping evidence on how fast they executed an e-waste policy. China will be rolling out its national cap & trade regime in 2017 – in one year. Prepare for this by internalizing carbon pricing now. Side note: UK and USA were just ranked well below China and Russia on a reputable sustainability competitiveness ranking. Hmmm.
     
  3. To join forces with the Global A-List of Corporates (some of them are your Customers? Suppliers? Financiers?) that get Point 1 and 2 above, choose from dozens of initiatives in the Low Carbon Technology Initiative. Unlike most A-List corporate collaborations, this one is open to all corporations big and small. 

NB: Most businesses don’t yet know how to start a carbon management plan. Here’s a “7 Things about the 7 Greenhouse Gases” starter sheet. If you want more, join our 30 minute speedinar this Thurs. Jan. 7 – ‘Everything you need to know about GHGs but were afraid to ask.’ Book your spot here.