This week, the Center for Energy & Environmental Security (CERES), and the Environmental Defense Fund released a new report entitled “Reclaiming Transparency in a Changing Climate: Trends in Climate Risk Disclosure in the S&P 500 since 1995” (PDF). This report takes an in-depth look at how leading companies are addressing the issue of climate change in the annual reports that they prepare for investors.
In spite of the fact that climate change is an issue that will impact the bottom line of almost every major industry, 76.3% of the 2008 annual reports by companies in the Standard & Poor's 500 (S&P 500) list did not mention climate change even one time in their reports. Only 5.5% of these reports identified a risk posed by climate change and fully articulated a strategy for addressing these risks.While these numbers are disappointing as a whole, there is reason for encouragement in this report as the number of companies addressing climate change in their annual report is increasing. From 2007 to 2008, the number of companies that did address climate change increased from 13.3% to 23.7% and the number has increased every year since 1999. Much as we have seen an increase in the importance of Corporate Social Responsibility/CSR reporting in the past several years, we are starting to see more companies address the financial impact of climate change on their business. Here is to hoping that the number of companies reporting on this issue continues to grow in 2009.
“We work with bands and nonprofits that strive to have a true, positive impact on the world,” said Dan Porras, Founder and CEO of Planetwize. “We are very pleased to offer Mojave’s awesome new album to our users, and to make it easy for the band to support Carbonfund.org through our platform.” The commitment to the environment runs deep for the band. “I spent months trying to find the most environmentally friendly way to produce the CD,” Mojave’s Paul explained. As a result, Crow’s Funeral is packaged in FSC-certified paper, printed with soy ink, and sealed in biodegradable overwrap.
Carbonfund.org is thrilled to be partnering with both Planetwize and Mojave and are very appreciative of their support of our mission. You can preview tracks from Crow’s Funeral and download the album by clicking here. Starting next month, our friends to the North can catch up with Mojave on their fall tour by checking out their tour dates.
Last week, Hotel Carlton in San Francisco, CA announced that it had become the first hotel in San Francisco to achieve a special distinction from the US Green Building Council – the Leadership in Energy and Environmental Design (LEED) Existing Building Operations and Maintenance (LEED-EB O&M) Gold certification.
For Hotel Carlton, LEED-EB O&M Gold reflects an ongoing commitment to environmentally sustainable principles and practices. The Hotel Carlton was the first hotel in San Francisco to be 100% powered by solar energy and also offsets its carbon footprint as a part of our CarbonFree® business program. This level of commitment to eco-consciousness deserves our applause and we commend Hotel Carlton, and Joie de Vivre Hotels, for making a difference and implementing an amazing green program. You can learn more about Hotel Carlton’s commitment to the environment by reading their Environmental Policy Statement.
Global Basecamps, one of our CarbonFree® partners, helps travelers set up trips that both maximize their experience and minimize the environmental impact of their travels. They are also preparing to launch a great new initiative that will help their customers to continue to reduce their carbon footprint through recycling.
Recently, Global Basecamps joined the International Mountain Explorers Connection. IMEC works to ensure equitable treatment for porters and guides on trekking and climbing routes on three continents. Global Basecamps also works closely with the Kilimanjaro Porters Assistance Program to help ensure that proper gear, wages and sleeping conditions are met by tour companies working on the mountain. As a part of this program, Global Basecamps will be working with their clients to recycle their used trekking gear with the Porters Alliance. You can read more about Global Basecamp’s involvement with IMEC and the Porter’s Assitance Project by clicking here. We commend Global Basecamps for their commitment to sustainability and to reducing what they can!