22 June 2010

Firms ranked on disclosure, greenwashing risks, CEOs' attitudes and other green business news

Top Stories

Few firms disclose environmental practices.reliability high.
"Major pension funds  are demanding more environmental data about the businesses they've invested in, but most companies are still not giving them key information about things such as energy and water consumption, according to a new review of corporate social responsibility in Canada. ... The review assessed environmental, social and governance (ESG) practices of companies in Canada’s S&P/TSX 60 index. The review found only 10 of 60 corporations in the index (17 per cent) disclosed detailed data on four environmental factors assessed in the ranking. Only 25 per cent of those companies provided data on their water use and waste production." More results of review, ranking of companies. Loblaw's comes first. Feature in The Globe and Mail.

Poll Finds Deep Concern About Energy and Economy.reliability high.
"Overwhelmingly, Americans think the nation needs a fundamental overhaul of its energy policies, and most expect alternative forms to replace oil  as a major source within 25 years. Yet a majority are unwilling to pay higher gasoline prices to help develop new fuel sources. Those are among the findings of the latest nationwide New York Times/CBS News poll." See The New York Times.

Companies, Industries, Markets and Supply Chains

Cadbury shies away from Aussie cynics.reliability high.
"Cadbury is steering clear of prominent advertising of its Fairtrade accreditation in this country because, it says, Australians know so little about ethical and green brands. ... But its corporate affairs chief, Daniel Ellis, says the company has not plans to trumpet its new certification. Speaking at a forum on green branding in Melbourne yesterday, he said the company believed Australian consumers were poorly informed about ethical and environmental accreditation, and such claims could leave the brand open to accusations of 'greenwashing'." See Sydney Morning Herald story.

Smart Move Trial shows majority of people who drive EVs get hooked.reliability high.
"The UK's Centre of Excellence for low carbon vehicle technologies (CENEX) has finally announced the results of its much-anticipated six-month trial of electric vehicles (EVs) and the news is good for people who like plug-ins. CENEX's findings show that once drivers plant their bottoms in the seat of an EV, the love affair with zero-emissions motoring slowly begins to grow. In fact, 72 percent of the 264 participants who drove an electric vehicle stated that they'd happily take an EV to replace their everyday car." More highlights and press release. From Autoblog Green.

Chief execs confirm commitment to low-carbon revolution.reliability high.
"Sustainability is now firmly entrenched as a high priority for many of the world's top business leaders, according to a major global survey of 750 chief executives that revealed 93 per cent believe sustainability is critical to their company's future success. The study, which was undertaken by consultancy giant Accenture in partnership with the UN Global Compact initiative, revealed that far from falling down the corporate agenda during the recession, environmental issues are now more important than ever to business leaders." From BusinessGreen.

Green spending by small businesses remains low: RBC.reliability medium.
"Canadian small businesses are not spending a lot to 'green' operations, according to a survey by RBC. About 59% of businesses surveyed said they spent less than $500 on green initiatives in the past two years. But many focused on initiatives that ultimately cut costs or reduce waste." More highlights. See bivinteractive.

Government and Regulation

Australia probes U.S. biodiesel dumping.reliability high.
"Australia is investigating complaints of U.S. dumping of biodiesel on the domestic market, the nation's customs agency said on Tuesday, a move that could see Canberra follow Europe in imposing anti-dumping duties. U.S. subsidies of biodiesel, commonly made from food crops and sold as a green alternative to petroleum, have boosted cheap global supplies of the fuel, leading the European Union last year to slap importers with duties." Reuters story.

[Crossposted from HaraBara.com courtesy of HaraBara, Inc. Copyright © 2010 HaraBara, Inc.]