Spotlight on green building innovation: Library Square Tower, Vancouver
Posted April 12, 2019
The Government of Canada has announced a target to reduce greenhouse gases (GHGs) in federal government operations by 80% by 2050. As assistant deputy minister, real property services, Kevin Radford has his work cut out, with a remit that includes 7.1 million square metres of building space. But unlike much of the rest of the country, his department has already achieved a 54% reduction of GHGs from the 2005 baseline. “To hit the 80% target, we have to get into really deep green retrofits,” says Radford, “which requires a whole new way of looking at upgrades.”Continue Reading...
Green New Deal has kicked off new climate conversation
Posted April 9, 2019
Republican-led U.S. Senate may have rejected the Green New Deal, but climate advocates aren't deterred
The Republican-led U.S. Senate may have rejected the Green New Deal March 26th, but climate advocates aren't deterred.
Looking to own the anti-Trump vote in next year’s elections, the Democrats have been rallying around the Republicans’ greatest nightmare: the Green New Deal (GND). The ambitious, but non-binding, resolution submitted to Congress in February proposes to eliminate “pollution and greenhouse gas emissions as much as technologically feasible” over 10 years. It would also require the U.S. to shift away from fossil fuels in favour of “clean, renewable and zero-emission energy sources.”Continue Reading...
Climate risks: Disclose now – or pay later
Posted April 2, 2019
2019 may go down as the year that the pressure to comply hit a critical mass
For some people, creating a more perfect world will involve giving up meat or switching to an electric car. For big organizations, sustainability starts with a more daunting challenge: signing on to a maze of new paperwork and regulations. But 2019 may go down as the year that the pressure to comply hit critical mass.
Exhibit A: The London-based Principles for Responsible Investment (PRI) has just announced that, as of next year, it will require its 2,250 signatories to formally report how they have considered specific climate-change risks in their investment portfolios. These signatories represent global institutional investors with US$83 trillion in assets.Continue Reading...
China’s Green Belt fueling coal rise beyond its borders
Posted March 28, 2019
China's war on pollution hasn't stopped it from funnelling $36 billion to coal plants in 27 countries
The latest report from the International Energy Agency warns that a rise in coal use is fueling a global increase in greenhouse gas emissions. The IEA called out Asia as the source of the majority of coal-fired generation. But while Beijing has garnered attention for attempting to crackdown on urban pollution from coal, China is aggressively exporting coal technology abroad. Continue Reading...
Church of England prods coal goliath to pursue more saintly endeavours
Posted March 25, 2019
But is Glencore's coal cap all that righteous?
As [miners] tunnel through the rocks,
They discover precious stones…
But where can wisdom be found?
—Job 28. (Good News Translation)
The grimy world of coal production brightened briefly in February, when Swiss mining giant Glencore announced it would cap its global production of thermal and coking coal at its current capacity of 150 million tonnes per year. Glencore promised to refocus on metals such as cobalt, nickel, vanadium and zinc, key battery components for a lower-carbon world.Continue Reading...
POTUS impotent in battle to bring back coal
Posted March 11, 2019
Older coal-fired plants just can’t compete as renewables are proving cheaper and more flexible
Last month, the federally-owned Tennessee Valley Authority voted to close two aging coal-fired power plants. No tweet from U.S. President Donald Trump could save them.
Despite the White House’s efforts to prop up the coal industry, the U.S. was on track to shut down more coal plants in 2018 than in any other year. “The thing that has changed fundamentally the whole picture is that renewables have gotten so cheap,” says Jim Barry, global head of BlackRock's infrastructure investment group. BlackRock is the world's largest asset manager with US$6.29 trillion in assets under management.Continue Reading...
Ethical investing need not penalize struggling economies
Posted February 25, 2019
Ethical investors may be unintentionally screening out investments in poorer countries where they can do the most good
As awareness dawns of the increasing risks of climate change, business and government have developed new tools and mechanisms to promote pro-social and environmentally friendly investment. But one U.K. analyst is pointing out that such high standards could backfire by restricting capital to many developing nations that need it most.
Charles Robertson is the London-based global chief economist at Renaissance Capital, an investment bank specializing in emerging markets. As the lead author of The Fastest Billion: The Story Behind Africa’s Economic Revolution (2012), Robertson has a genuine interest in helping developing countries succeed – and thinks they deserve a break from well-meaning financial engineering.Continue Reading...
Big Oil finds a profitable path to going green
Posted February 18, 2019
Goldman Sachs says Big Oil can become Big Energy within 10 years by embracing greener energy
A recent Goldman Sachs report says big oil companies are key to the global climate debate, as their products account for 10 per cent of the carbon emissions of the global energy sector. The rest of the report asks: Can Big Oil change its ways?
Goldman’s answer is yes. It sets out a path through which Big Oil can become Big Energy by the year 2030 by embracing greener energy sources and higher-value petroleum products. These initiatives can help the oil industry reduce its carbon-emission intensity by 23 per cent, a target that matches sustainable development goals while still providing universal access to energy, according to the International Energy Agency.Continue Reading...
2019 Global 100 results
Posted January 22, 2019
Overview of 2019 Global 100 Most Sustainable Corporations in the World index
Global 100 ranking FAQ
Posted January 21, 2019
Answers to frequently asked questions about the Global 100 2019 ranking
How is this ranking calculated?
The ranking starts with identification of all publicly listed companies who had at least US$1B in revenues in the last fiscal year. They are screened for adequate performance disclosure, good financial health, and non-engagement in defined businesses and practices (e.g. weapons and tobacco manufacturing). The resulting shortlisted companies are scored on a mix and weighting of up to 21 performance metrics, tailored to their sector/peer group. The final G100 represents the top performers from each sector/peer group, with the number from each sector based on the relative size of its global market capitalization. See our 2019 Global 100 Methodology for more details.Continue Reading...