Blackrock doubles down on impact investing
Posted February 10, 2015
Is the world’s largest asset manager embracing impact investing a turning point for the market?
It’s a sign of growing investor interest in responsible investing: Blackrock Inc., the world’s largest asset manager with over $4.5 trillion in assets under management, has announced plans for a new impact investing initiative.
Billed as an attempt to unify the firm’s social and environmental investment offerings, Blackrock Impact will offer a combination of existing and new financial products geared toward tackling social problems, the company announced on Monday. Spearheading this initiative is Deborah Winshel, previously the president and CEO of The Robin Hood Foundation, a charitable organization dedicated to ending poverty in New York City.Continue Reading...
The Republican case for transparency in the oil, gas and mining industries
Posted February 4, 2015
Why one U.S. Senator reached across the aisle in an effort to make industry payments to countries abroad more open.
Former Republican Senator Richard G. Lugar was a fixture of Washington D.C. for more than 36 years – a Senatorial tenure that spanned over six presidencies. Described by President Barack Obama as an internationally renowned statesman, Lugar became best known for his foreign policy clout and bi-partisan legislative record, despite his staunchly conservative political leanings. The Rhodes Scholar, Naval officer, former mayor of Indianapolis and six-term Senator ran for the Republican presidential nomination in 1996, and was frequently floated as a potential vice-presidential nominee throughout his time in office. After being defeated by a tea-party challenger during the Republican primary in 2012 he founded The Lugar Center, a non-profit organization dedicated to providing informed debate around global issues.Continue Reading...
US companies dominate 2015 Global 100 index
Posted January 21, 2015
U.S. companies have the largest presence yet on our Global 100 ranking, which is growing increasingly competitive.
The events of the past year have demonstrated the growing relevance of the indicators used by Corporate Knights to determine its annual list of corporate leaders in sustainability.
The landmark China-U.S. climate change agreement, rising awareness and interest in the concept of “unburnable carbon,” and global momentum behind carbon pricing mean increased risk for organizations with low carbon productivity.Continue Reading...
The (dis)honour of the crown
Posted January 12, 2015
Author John Ralston Saul tells Corporate Knights why he was inspired to write a book on Canada's aboriginal renaissance.
Canadian author and leading public intellectual John Ralston Saul was busy working on other projects when the Idle No More protests sprang up in late 2012. For several months, First Nations protests emerged all over the country, mostly in opposition to provisions tucked into two government omnibus bills that affected environmental and land management policy.
Media and pundits were confused by the lack of cohesive demands or centralized leadership coming out of these protests, but Saul saw something more important: The protests were part of a broader re-emergence of aboriginal Canadians into a position of power and influence.Continue Reading...
Heroes & zeros: vol. 16
Posted January 10, 2015
Asia Pulp and Paper goes from a zero to a hero, while Hyundai gets caught lying about the gas mileage for its U.S. vehicles.
Hero: Asia Pulp and Paper
Asia Pulp and Paper (APP) was designated a Zero by Corporate Knights back in 2012, after a Greenpeace investigation uncovered damning evidence of illegal clear-cutting in portions of the Indonesian rainforest controlled by the company. The report and a subsequent Greenpeace pressure campaign led to over 130 global companies dropping APP as a paper supplier. Even prior to the Greenpeace report, APP had gained a reputation in the industry as an environmental pariah. British environmentalist George Monbiot once described APP as “one of the most destructive companies on the planet.”Continue Reading...