Businesses are constantly reminded of the risks and challenges of climate change, most recently with the Intergovernmental Panel on Climate Change’s fifth assessment report (AR5). Extreme weather events like flooding, wildfires, and droughts are challenging our infrastructure and disrupting our supply chains.
But with risk comes opportunity. One such opportunity is providing goods and services that avoid greenhouse gas (GHG) emissions and decarbonize the supply chain. Today, the GHG...
GENEVA/WASHINGTON – Many financial institutions measure and report their own greenhouse gas emissions, but the real impact is in their value chains. In 2013, only six percent of financial companies in the FTSE Global 500 reported any emissions associated with lending and investment to CDP.
COPENHAGEN//WASHINGTON — The World Resources Institute (WRI) today announced the first step in designing a global standard for measuring food loss and waste. The forthcoming guidance, called the “Food Loss and Waste Protocol,” will enable countries and companies to measure and monitor the food loss and waste that occur within their boundaries and value chains in a credible, practical, and consistent manner.
In this Issue Brief, we examine (1) how integrating ecosystem services into landscape management can increase the economic, environmental, and social values generated by managed landscapes for both private landowners and surrounding communities, and (2) how these considerations can be...
by Suzanne Ozment, Doug MacNair, Steve Bartell, Barbara Wyse, Rush Childs and Sabina Shaikh - September 2013
WRI’s partnership with General Electric is one example of harnessing the power of business to solve environmental challenges. This year, GE launched “Ecomagination”, a climate strategy based on product development and operational performance goals. GE plans to double its revenue from energy-efficient and other green products while reducing its corporate greenhouse emissions by 2010. Working with WRI, as a member of our corporate working group on climate, GE made the business decision that it can find opportunity in selling technologies that reduce greenhouse gas emissions. When an iconic company like GE makes confronting global climate change a major element of its business strategy, other corporate leaders take heed.
Measuring greenhouse gases is critical for companies and governments looking to reduce their greenhouse gas emissions. The Greenhouse Gas Protocol (GHGP), created by WRI and The World Business Council on Sustainable Development, is becoming the global standard for measuring GHG emissions. The Swiss-based International Organization for standardization (ISO), the world’s leading developer of standards for corporate accountability, recently adopted the GHG Protocol. Various ISO standards are being used by more than half a million organizations in 159 countries. Standardization will promote a convergence of greenhouse accounting practices globally, and in this way will reduce costs, improve comparability, and strengthen the capacity of corporate leaders to make informed decisions on greenhouse gas risks and opportunities.
WRI assisted Whole Foods Market in completing the largest purchase of green power in U.S. history, 4598 kilowatt-hours per year from wind farms—enough to power 40,000 homes. Corporate leadership is essential to the growth of green power and Whole Foods’ purchase has set a new benchmark. Whole Foods worked with WRI because of the success of our Green Power Market Development Group, a partnership of Fortune 500 companies building corporate markets for renewable energy. Group members are now the nation’s largest corporate users of renewable energy. Starbuck’s, J&J, and IBM support wind power. DuPont and GM are the country’s largest corporate users of landfill biogas for thermal energy, while J&J, Staples, and GM are among the nation’s top business users of solar power.
Which companies are going to thrive in a carbon-constrained future? It’s a critical question that the capital markets are currently ill-equipped to answer. Citigroup Investment Research, in partnership with WRI’s Capital Markets Research Team, looked at the risks and opportunities that climate change is creating for business. The findings were distributed to Citigroup’s real client base, including the largest investment and mutual funds in the world. When Citigroup, the world’s largest financial services company, says there are opportunities to make money solving climate change problems, investors will listen and other financial institutions will be inspired to follow. This is an example of the power of market-based strategies to steer business investment and innovation toward solutions to environmental and development challenges.