Sustainability means different things to different organizations. It could be environmental stewardship, health and wellness, fair trade, women’s empowerment or an “all of the above” approach. Sustainability is a journey not a destination.
One of the frequently quoted definitions of sustainability is from Our Common Future (also known as the Brundtland Commission): “Sustainable development is development that meets the needs of the present without compromising the ability of future generations.”
Here’s a round-up of sustainability news, tips, happenings.
TOP GREEN COMPANIES IN THE U.S. 2016 – In partnership with Corporate Knights, HIP (Human Impact + Profit) Investor Inc., and leading sustainability minds from nongovernmental organizations and the academic and accounting communities, Newsweek has ranked the world’s largest companies on corporate sustainability and environmental impact.
Why Companies Are Becoming B Corporations – By Suntae Kim, Matthew J. Karlesky, Christopher G. Myers, Todd Schifeling – Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. B Lab certifies companies based on how they create value for non-shareholding stakeholders, such as their employees, the local community, and the environment. Once a firm crosses a certain performance threshold on these dimensions, it makes amendments to its corporate charter to incorporate the interests of all stakeholders into the fiduciary duties of directors and officers. The first generation of B Corporations was certified in 2007, and the number of firms earning certification has grown exponentially ever since. Today, there are more than 1,700 B Corporations in 50 countries. Although any company, regardless of its size, legal structure, or industry, can become a B Corporation, currently most B Corporations are privately-held small and medium-sized businesses.
A global view of corporate social responsibility (CSR) – More businesses than ever are contributing to the greater good across the world, according to the most recent Grant Thornton International Business Report. The survey asked what companies are doing to make their operations more sustainable and why. Here are some of the top findings:
- Cost management emerges as the key driver for CSR followed by customer demand and because it’s the ‘right thing to do’.
- How a business is perceived to be operating is also important, especially in China.
- Vast majority of businesses are involved with local charities, either through donating time, money or products/services.
- Businesses are working to reduce their environmental impact, with increasing numbers calculating the carbon footprint of their operations.
- More than half of businesses now view integrated reporting as best practice.
Bill Gates, Jeff Bezos and 18 Others Commit $1 Billion To New Cleantech Fund, Breakthrough Energy Ventures – Bill Gates, Jeff Bezos, Vinod Khosla, Jack Ma, John Doerr and 15 other high-profile investors have formed a new venture firm. Breakthrough Energy Ventures will pour at least $1 billion into cleantech companies over the next 20 years. The firm’s goal, according to its own website, will be: “to provide everyone in the world with access to reliable, affordable power, food, goods, transportation, and services without contributing to greenhouse gas emissions.” Breakthrough Energy Ventures will invest in tech ventures at any stage, from seed through commercialization. The deals will focus on electricity, manufacturing, agriculture, buildings and transportation.
Transforming our World: the 2030 Agenda for Sustainable Development – On September 25th 2015, member countries of the United Nations adopted a set of 17 goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda. Each goal has specific targets to be achieved over the next 15 years.