
I’ve written and talked about this for years. It’s not getting any less significant.
Smart money is betting on sustainability and renewable technology. There’s a new sense of urgency, because in states like mine, where the anti-science crowd has done their best to hold up progress, there is a real threat to the health of our major utilities if we do not update our regulatory structures fast enough to keep up with new technology, and the increasing recognition by the financial community that sustainable business will soon be the only business.
Climate Deniers, WindBaggers and the “Agenda 21” crowd will take this as more evidence of the vast, left wing conspiracy.
Guys, if you want to argue the science of interdependence, don’t look at me. Take it up with the capitalists at Walmart.
DomesticFuel.com:
According to a recent survey conducted by SRI, 65 percent of retail investors and 53 percent of institutional investors are currently expressing interest in fossil fuel-free portfolios in reaction to climate change. More than 2,000 SRI industry professionals took the First Affirmative Financial Network’s Fossil Fuels Divestment Survey in anticipation of the 24th annual SRI Conference taking place October 28-30 in Colorado Springs, Colorado.
Other key survey findings include:
- 77 percent see growing risks for investors associated with fossil fuel company holdings in their investment portfolios.
- 30 percent of those surveyed either already do – or are getting ready to – offer fossil-fuel free portfolios to investors.
- 63 percent believe that investors will in the next 10 years start divesting in meaningful numbers from fossil-fuel companies due to climate change implications of such energy sources.
GreenBiz:
Since launching its sustainability program in 2006, Walmart has reduced energy consumption in its stores, installed solar panels on its rooftops, curbed emissions from its trucks and recycled millions of tons of its trash. Now that the world’s biggest retailer has streamlined its own operations, it is turning its attention elsewhere — actually, almost everywhere.
Since last fall, Walmart has rolled out what it callsa supplier sustainability index to thousands of suppliers, asking them pointed questions about their operations and prodding them to better understand and manage their own supply chains.
It’s Walmart’s most ambitious environmental project ever, and if all goes according to plan, it will change the way all kinds of consumer products — clothes, toys, electronics, food and beverages — are made. The typical Walmart stocks 125,000 to 150,000 products (!), and the environmental and social performance of most companies that make them soon will be rated and ranked in Bentonville, Ark.
So Walmart is asking lots of questions of its suppliers. Among them:
Continue reading “Smart Money Chases Sustainability: Dinosaurs Adapt or Die”