Historic Climate Summit Opens New Chapter in Global Efforts to Tackle Climate Change

New York, 23 September – New commitments, new ideas, and new financing for significant actions to address the challenge of climate change dominated the announcements made by more than 100 Heads of State and Government and leaders from the private sector and civil society at the Climate Summit hosted Tuesday by United Nations Secretary-General Ban Ki-moon. World leaders reaffirmed the need to take urgent action to limit global temperature...

Read More

Sumitomo to Probe $1.8 Billion in Shale And Coal Losses

Sumitomo Corp. (8053) will set up a special investigation into how it lost almost $1.8 billion in Texas shale oil and Australian coal mining. The probe comes after the company, Japan’s fourth-biggest trading house, cut its annual profit forecast by 96 percent after writing down the value of the two investments. Most of the losses were incurred at the shale oil project it shares with Devon Energy Corp. (DVN) of the U.S. “I didn’t expect the...

Read More

CEOs: the challenge of creating a lasting legacy of sustainability

Stephen Howard, Guardian Professional, Thursday 2 October 2014 07.00 BST With the average tenure of a FTSE-100 company CEO at just five years, many business leaders struggle to leave a long-term legacy of sustainability It can be a lonely place at the top, with CEOs under greater public scrutiny than at any other time in history. What will I be remembered for? With political conference season in full swing, this...

Read More

Analysis: Climate talks Tapping the barometer

By Eric Marx, Ethical Corporation | September 2014 Government and business leaders meet this month in preparation for next year’s global climate negotiations, and much has changed since the last such gathering A UN-sponsored summit on 23 September in New York will mark the first time in five years that world leaders have gathered together to chart a new course to limit global warming. With leaders from business and civil society given the...

Read More

Strategic Sustainability

Ethical Corporation, September 2014 Sustainability goals are aligning with business. The number of chief executives who consider sustainability a high priority for their company has jumped significantly, but is still less than half of CEOs, according to a McKinsey report. The consultants found that 13% of CEOs now say sustainability is their number one priority, compared with 5% in 2012, while 36% place it in the top three, compared to 37%...

Read More
Translate »