Most companies measure their bottom line as economic capital, but that doesn't accurately reflect the organization's environmental and social capital. The answer is a multicapital scorecard: an accurate measure of a business' impact on the three vectors of capital so that the business can be held accountable for its real-world costs of operating.
Croda has had a strong 2017 so far and continues to see growing consumer demand for high-performance products that are also sustainable and environmentally friendly, especially in South America, Asia and the US, Croda's Scott Tuchinsky says. Croda tries to employ sustainability measures across its operations, including at its Delaware surfactants plant, where 80% of the electricity comes from landfill gas.
A clear majority of the world's population is in favor of an accelerated adoption of green energy tech, and 74% of those surveyed believe green energy will boost their country's economy. Offshore wind farms are now meeting or exceeding the economy of coal or gas, and that trend is likely to continue.
Vestas has received a conditional order for turbines for an undisclosed company's 300-megawatt wind farm in North America, according to the company. It said it would release additional details when the deal becomes unconditional.
Coca-Cola European Partners says that it plans to work with regional and local government authorities to achieve its goal of collecting and recycling 100% of its packaging in its territories by 2025. "It will require us to drive a step change in packaging collection, especially in those markets where recovery rates have stalled and where we know that our packaging does not always get collected for recycling," said European Partner's sustainability VP Joe Franses
Starbucks wants green bonds to be as much about smart investing as they are about corporate social responsibility. "At the end of the day, if investors want it, everything follows the money," said the company's Vice President Treasurer Drew Wolff.
The US remains committed to clean energy development and will help other nations "adapt to the impacts of climate change," said State Department Acting Assistant Secretary for Oceans, Environment and Science Judith Garber during the climate talks in Bonn, Germany, on Tuesday. "Irrespective of our views on the Paris agreement, the United States will continue to be a leader in clean energy and innovation," she said.
The House Committee on Natural Resources has advanced the SECURE American Energy Act, a bill that would encourage states to pursue offshore energy development, including offshore wind energy. "With this legislation, we can unlock our vast energy potential, advance American energy dominance and generate revenues at all levels of government," said bill co-sponsor Chairman Rob Bishop, R-Utah.
ConEdison Development has purchased BayWa's 25-megawatt Big Timber project in Montana, according to the firms. "This acquisition plants a Con Edison Development flag in the state of Montana, supporting our continued growth across the region," said ConEdison President and CEO Mark Noyes.