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Ceres News Feed

Pending Global Warming Resolutions for 2007 Proxy Season
Jan 28, 2011
Investors have filed 42 global warming resolutions with U.S. companies as part of the 2007 proxy season – nearly double the number of climate-related resolutions filed just three years ago. The resolutions, seeking greater disclosure from companies on their responses and strategies to climate-related business trends, were filed by state and city pension funds and labor, foundation, religious and other institutional shareholders. The filers collectively manage more than $200 billion in assets. Some of the resolutions at these companies are not proceeding to a vote either because the proposal was withdrawn by shareholders after a satisfactory pledge by the company to implement the request, or because the U.S. Securities and Exchange Commission (SEC) excluded the proposal on technical grounds.
Sun Microsystems Approved as Ceres Company: Sun Takes Lead in Energy Efficiency
Jan 28, 2011
Citing the company’s recent leap in environmentally minded products and incentive programs, the Ceres board of directors today announced it has approved Sun Microsystems, Inc. as a Ceres company.
New Consortium Created to Develop Standard Framework for Company Reporting of Climate Risks
Jan 28, 2011
The World Economic Forum announced today the formation of a new international partnership of seven organizations to establish a generally accepted framework for climate risk-related reporting by corporations. Founding members of the institutional consortium, the Climate Disclosure Standards Board (CDSB), include the California Climate Action Registry, Carbon Disclosure Project, Ceres, The Climate Group, International Emissions Trading Association, World Economic Forum Global Greenhouse Gas Register and World Resources Institute.
New Report Touts Vast Energy Efficiency Potential in Texas
Jan 28, 2011
A new report released today concludes that Texas can meet its growing energy needs at lower cost, and with significantly less pollution by using new incentives for businesses and consumers in the state, and requiring utility companies to invest in cost-effective energy savings before they spend money on expensive new plants. Together, the report says these strategies would yield nearly $50 billion in savings and other economic benefits to Texas over the next 15 years with an investment of $11 billion – a dividend of more than four to one.
Aspen Skiing Company, The L.P. The bault Company, PRIZIM and The CarbonNeutral Company Join Ceres
Jan 28, 2011
Citing the company’s commitment to improving their social and environmental performance and reporting, Ceres today announced that it has approved four new companies – the Aspen Skiing Company, The L.P. Thebault Company, PRIZIM Inc. and The CarbonNeutral Company – into its network.
EILEEN FISHER Joins Ceres
Jan 28, 2011
Citing the company’s commitment to social initiatives focused on improving women’s health, the Ceres Board of Directors has approved EILEEN FISHER Inc. into its coalition of companies. The Irvington, NY-based company is the first women’s clothing company to join Ceres, a leading national coalition of investors, environmental organizations and other public interest groups working with companies to address environmental and social challenges, such as climate change.
National Grid Approved to Join Ceres
Jan 28, 2011
Citing the company’s commitment to social and environmental improvements, the Ceres Board of Directors has approved National Grid into the Ceres network of companies. National Grid, based in Westborough, MA, is one of the first New England utilities to join Ceres, a leading coalition of investors, environmental groups and other public interest groups working with companies to address sustainability challenges such as global climate change.
Power Companies and Wall Street Firms Begin to Assess Climate Risks
Jan 28, 2011
With input from investors, financial firms and electric power companies, Ceres today released a report outlining actions that power companies and Wall Street firms should be taking to address the financial risks posed by climate change. The report comes as more financial services firms, including Citigroup, JPMorgan and Sanford C. Bernstein, are boosting their research on the financial impact of emerging climate change regulations.
Investors Press S&P 500 Companies for Better Disclosure on Social and Environmental Challenges
Jan 28, 2011
For the first time, major institutional investors today called on S&P 500 companies to follow their European counterparts in using the Global Reporting Initiative (GRI) to improve their public disclosure to shareholders on pressing environmental and social issues. The announcement comes as GRI today unveiled new reporting guidelines, called G3, that elevate climate change as a key disclosure topic for companies to include in public reports.
Marsh, Yale and Ceres Join To Educate Corporate Directors About The Risks, Opportunities Posed By Climate Change
Jan 28, 2011
Three leading U.S. organizations have announced a unique collaborative effort to educate hundreds of independent corporate board members about the potential liabilities and strategic business opportunities global climate change can create for companies. The announcement was made at a plenary session of the 2006 annual meeting of the Clinton Global Initiative, being hosted here this week by former President Bill Clinton.
State Street Corp. Approved as a Ceres Company
Jan 28, 2011
Citing the company's increasing commitment to socially responsible investing, sustainability reporting, and community engagement, the Ceres board of directors today announced its approval of Boston-based State Street Corp. as the newest company to join the Ceres network.
Dozens of New Insurance Products Emerging to Tackle Climate Change and Rising Weather Losses
Jan 28, 2011
Dozens of new insurance activities, such as 'green' building credits and incentives for investing in renewable energy, are emerging to tackle the causes of climate change and rising weather-related losses in the U.S. and globally, according to a major new report issued today by the Ceres investor coalition. But the report also states that more insurance companies need to be offering similar services to minimize losses and make the most of business opportunities related to climate change.
Ceres Partners with EAI to Improve Investment Research on Climate Change and other 'Extra-Financial' Issues
Jan 28, 2011
Ceres, a U.S. coalition of investors, environmental groups and other public interest organizations, today announced it is joining the Enhanced Analytics Initiative as a partner, a new membership category for organizations supportive of EAI's mission, and has pledged to support EAI’s mission to encourage investment research that considers the impact of ‘extra financial’ issues on long-term company performance.
Clif Bar & Co. Joins Ceres Network of Companies
Jan 28, 2011
Citing the company’s long-time commitment to environmental and sustainable business practices, the Ceres board of directors has selected Clif Bar & Co. as its newest company member.
For a Long-Term Stimulus, Invest in Green Energy
Jan 28, 2011
A green stimulus bill that spurs innovation in energy efficiency, renewable energy and achieving a smart grid will help America get its swagger back. Consider energy efficiency, the lowest-hanging fruit for improving company bottom lines and slashing global warming pollution.
Whole Foods Needs a Holistic Approach on Climate Change
Jan 28, 2011
Why would a new Ceres report give low scores to Whole Foods, one of the nation's largest purchasers of renewable energy, for the way it is responding to the challenge of climate change? Precisely for the word that Whole Foods uses to describe itself: "whole." Many of the company's actions on climate change are laudable, but it still lacks a holistic strategy for dealing with this colossal challenge that will ripple across all industry sectors.
From Starbucks to Nike, Business Asks for Green Legislation
Jan 28, 2011
Would it surprise you to learn that Starbucks is a leading advocate for action on climate change? "The way we see it," says Ben Packard, Starbucks VP of Global Sustainability, "addressing climate change will help companies like ours reduce operating costs and mitigate future economic instability. Starbucks has joined with other companies to form a coalition that calls itself BICEP (Business for Innovative Climate and Energy Policy) and it has a clear message for next year's Congress--move quickly on climate change to kick-start a transition to a clean energy economy.
Why Cleantech Investors Haven't Panicked
Jan 28, 2011
The short-term blowback from the global financial panic has been pretty logical: A flight to value and safety and reallocation of assets to deal with longer-term risks of the new economy. So what does this mean for cleantech investing?
How to Cure Our Short-Term Thinking
Jan 28, 2011
If we have any doubt about the prevalence - and cost - of "short-termism" in global capital markets, the current economic meltdown is an obvious reminder. But, beyond the $700 billion bailout and other financial band-aids to stop the bleeding, the bigger debate is how to fix the regulatory and corporate governance systems to avoid future calamities -- whether financial or environmental.
How Insurance Has Become a Well-Spring of Green Innovation
Jan 28, 2011
We all know the saying: adversity begets opportunity. Today, the insurance industry is heeding that idea and discovering that hurricanes, among other climate adversities, can create innovation -- and revenue.