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Ceres News Feed

Business & financial sectors converge at COP21
Nov 25, 2015
Dozens of major companies and investors from across the United States will be joining the nonprofit sustainability group Ceres at the upcoming climate negotiations in Paris in support of a strong global climate deal that will accelerate the shift to a low-carbon, clean energy economy.
The CEOs of Coca-Cola, The Hain Celestial Group, Inc., Hershey’s and PepsiCo Join Food & Beverage Call for Climate Action
Nov 24, 2015
With key international climate negotiations one week away, the chief executive officers of Coca-Cola, The Hain Celestial Group Inc., Hershey’s and PepsiCo announce today that they’ve joined with ten of their peers in signing a joint letter to U.S. and world leaders urging governments to forge a robust international climate agreement in Paris.
International Consultation Opens on Water Climate Bond Standard
Nov 23, 2015
The Climate Bonds Initiative and consortium partners Ceres, World Resources Institute, CDP and the Alliance for Global Water Adaptation have released for public comment, the world’s first standard for low carbon and climate resilient water bonds. The proposed Water Climate Bond Standard will bring a focus on vulnerability assessment and climate mitigation and adaptation planning to the fixed income space. It will allow investors to easily prioritise projects that are seriously considering their climate impacts and climate resilience.
Water Climate Bonds Standard
Nov 23, 2015
Water-related projects are a growing subset of the green bonds market that encourages investments for a low carbon and climate resilient economy. The Water Climate Bonds Standard is intended to provide investors with verifiable, science-based criteria for evaluating water-related bonds, and to assist issuers in the global corporate, municipal, sovereign and supra-sovereign markets in differentiating their green bond offerings. By establishing this screening tool, we aim to maintain credibility in the green bonds market, which reached almost US$40bn in annual issuances as of 2014 and could be valued at US$1tn by 20201. This standard can be used to evaluate projects as diverse as industrial water efficiency, reuse, catchment or watershed restoration and or large-scale water supply infrastructure development. This document provides the necessary methodology and process to evaluate a project’s likely compatibility with the Water Climate Bonds Standard, whether you are a project sponsor, an underwriter, an auditor or a bond investor. This Standard should be recognized as a starting point and can be supplemented by other relevant standards that cover areas such as stakeholder engagement, social or human rights.2 We emphasise that the proposed criteria are provisional and may be adapted either due to public feedback or future developments in the water sector. The Water Climate Bond Standard Consortium3 and Technical Working Group (TWG) have undertaken best endeavors to present a comprehensive first version of the Standard, however it is acknowledged that revisions will be needed over time. Accordingly, feedback is welcomed in order to ensure the Water Climate Bonds Standard are as robust, credible and practical as possible.
Paris climate summit: why more women need seats at the table
Nov 20, 2015
Women, particularly those in developing countries, are on the frontlines of a changing climate. Extreme weather events, deforestation and loss of biodiversity threaten their survival and that of their families. Yet, when confronted with social and economic exclusion, women’s vulnerabilities remain hidden and their voices quiet.
Building and Real Estate Companies Join Call for Action on Climate Change
Nov 20, 2015
As Paris readies for the COP21 International Climate talks, more than 53 building and real estate companies, including Thornton Tomasetti, Skanska and JLL, announced today that they have signed on to the Building and Real Estate Climate Declaration, a business call to action that urges policymakers to seize the economic opportunity of tackling climate change.
Nov 19, 2015
Agenda | 2016 Investor Summit on Climate Risk: Advancing the Clean Trillion
Exxon's Handling of Climate Change Raises Questions About Board Oversight at Oil Giant
Nov 18, 2015
Corporate boards and the critical oversight function they play have come to the fore over the last year. You don't need to look any further than the scandal roiling ExxonMobil to understand the high stakes at play.
New York AG mulls widening effect from Peabody climate settlement
Nov 13, 2015
The New York state attorney general's office, which told Peabody Energy this week to give investors more details about how its sales would suffer from measures to curb global warming, is now mulling whether the tactic it used with the coal firm could be applied to companies beyond the energy sector.
World Bank Climate Envoy Delivers Powerful Message on Coming Low-Carbon Revolution
Nov 12, 2015
The World Bank’s Rachel Kyte is a whirling dervish these days in advance of key international climate change negotiations. She recently made a stop at the University of Massachusetts-Boston to share her optimism that a big climate breakthrough is possible next month in Paris.
How Institutional Investors Can Alleviate Climate Change While Boosting the Global Economy
Nov 12, 2015
Institutional investors like to call themselves global investors, but when it comes to global clean energy financing that’s hardly the case. Pension funds, insurance companies and other investors manage trillions of dollars, but precious few of those dollars are being invested in renewable energy projects in developing countries — a key linchpin in curbing carbon pollution to avoid catastrophic global warming.
One of the World’s Largest Coal Companies Misled Investors About Climate Change Risk, Investigation Finds
Nov 11, 2015
In the midst of the ExxonMobil investigation, the NY State Attorney General released investigation results that found one of the world's largest coal companies had misled the public and its shareholders about the risks climate change could pose to its bottom line.
Pathway to a 21st Century Electric Utility
Nov 09, 2015
Utilities do an excellent job of
 what they are mandated to do— provide safe, reliable and affordable energy. Utilities are not going away, because we require them to operate the electric grid, so why not expand the scope of their mandate to manage an environment in which consumers use energy and electricity more efficiently to create customer value and optimize the electricity system for the benefit of all? In this environment, utilities will be incented to maximize customer and system value, as opposed to simply building infrastructure. Given the importance of revising the utility industry model for the benefit of customers, society and utility investors, this paper is an expression of Peter H. Kind's evolved views in an effort to find common ground that will support a robust 21st Century Utility model.
Ceres Releases Report Proposing New 21st Century Electric Utility Model Aligned with Clean Energy Goals
Nov 09, 2015
As regulators, industry representatives and advocates discuss power sector challenges at the 2015 National Association of Regulatory Utility Commissioners’ (NARUC) annual meeting, Ceres released a report outlining a pathway to align the electric utility business model with increased clean energy deployment and long-term financial viability amid growing climate change concerns.
Ceres Statement on New York AG’s Investigation into ExxonMobil
Nov 06, 2015
Ceres and its investor members have engaged with ExxonMobil and its predecessor companies for decades. Our message all along has been clear: disclose the risks of climate change to investors, and tell us what you are doing to manage those risks. We have long warned the company that failure to do so could bring about significant liability.
Here's an unexpected answer for the groundwater shortage
Nov 05, 2015
Congressional representatives in October sent a letter to Gov. Jerry Brown asking about his plans to ensure that when El Niño’s storms hit, the water is captured. More dams, greater surface storage and looser environmental permitting do not add up to a sustainable water supply for California. We need to think outside of the box.
Mindy Lubber Statement, in response to the World Federation of Exchanges' Sustainability Reporting Guidance Launch
Nov 04, 2015
For several years, Ceres and our investor members have worked with individual exchanges and the World Federation of Exchanges (WFE) on sustainability reporting standards. Ceres President Mindy Lubber issued a statement regarding the progress made and the work ahead for global exchanges and sustainability reporting.
How To Show Corporate Leadership In Sustainability
Nov 03, 2015
What progress are we seeing from board directors, in terms of demonstrating sustainability leadership? A recently published report includes insights from dozens of interviews with senior corporate leaders and governance experts; Dr. Bob Eccles discusses how the findings are timely and valuable for developing robust sustainability oversight.
35 Members of Congress Urge SEC to Take Robust Action to Improve Climate Risk Disclosure
Oct 29, 2015
Senators Jack Reed (RI) and Brian Schatz (HI), Representative Matt Cartwright (PA) and 31 other members of Congress wrote to Securities and Exchange Commission Chair Mary Jo White seeking stronger action by the federal agency to ensure that companies are adequately disclosing material risks from climate change.
View From the Top: How Corporate Boards Engage on Sustainability Performance — Executive Summary
Oct 28, 2015
A preview of the full report is available by downloading this executive summary.