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WRI offers industry ecosystem guidelines
01 April 2008The World Resources Institute (WRI) has developed guidelines for businesses to better understand, and profit from, the link between healthy ecosystems and the bottom line.
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Ineos seeking buyers for CER portfolio
01 April 2008The Ineos Group has put its Clean Development Mechanism (CDM) business up for sale, and has charged Morgan Stanley with finding buyers for the subsidiary and its massive certified emission reduction (CER) portfolio, Environmental Finance's sister publication Carbon Finance has learned.
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E.Capital launches Asian infrastructure index
01 April 2008E.Capital Partners has launched an index tracking the 25 Asian infrastructure companies with the highest scores on environmental and social governance (ESG).
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Merrill backs CDP
01 April 2008Merrill Lynch has signed a three-year deal to support the Carbon Disclosure Project (CDP), an investor collaboration that asks companies to disclose their greenhouse gas emissions and strategies for dealing with climate change.
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Ocean fertilisation firm wins $3.5m funding
01 April 2008San Francisco-based start-up Climos has raised $3.5 million to develop its ocean iron fertilisation technique. This process involves dumping iron filings into the ocean to encourage the growth of plankton, which captures carbon dioxide from the atmosphere, against which Climos hopes to sell carbon offsets.
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Vodafone scoops CSR report award
01 April 2008Vodafone Group's corporate responsibility (CR) report has been voted the best published in 2007. The award is one of nine organised by CorporateRegister.com, which claims to have the world's largest directory of CR reports
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Shareholders claim records on climate resolutions
01 April 2008Shareholders pursuing US companies for commitments on global warming have claimed two record successes. Investor group Ceres reported that an unprecedented 54 shareholder resolutions on this issue have been filed for the 2008 reporting season and, at press time, a record 20 had been withdrawn after shareholders and companies reached agreements.
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World Bank offers catastrophe loan
01 April 2008The World Bank has launched a new loan facility that will deliver $500 million of emergency funding to countries hit by natural disasters.
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FTSE4Good drops seven firms on climate change
01 April 2008Chemical firms Lanxess and Eastman, German cement manufacturer HeidelbergCement and Scottish oil and gas firm Cairn Energy are among seven companies deleted from the FTSE4Good index family for failing to meet its climate change criteria. They failed either to have adequate governance systems or policies in place, or adequately disclose climate change information.
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A shifting kaleidoscope
01 April 2008The global biofuels industry is realigning, says Ben Warren, as sustainability concerns, shifting support schemes, and changing agricultural markets exert differing pressures across the value chain