Tag Archives: Sustainability

United States Carbon: Venture-Backed Companies Put Social Impact on Par with Financial Returns

Governor Markell, Entrepreneurs and DE State Legislators celebrate the first DE benefit corporations

Today, Delaware Governor Jack Markell and Secretary of State Jeffrey Bullock welcomed a record 17 companies to register as Delaware benefit corporations on the statute’s first effective date.

Registering companies include popular home goods brand Method Products, fastest-growing organic baby food brand Plum Organics, innovative paper company New Leaf Paper, leading fair trade food business Alter Eco and Farmigo, the world’s first online personal delivery farmer’s market. Venture capital investors, corporate investors and parent companies of these businesses include San Francisco Equity Partners and European eco-leader Ecover (Method), American icon Campbell Soup Company (Plum), Benchmark Capital and RSF Social Finance (Farmigo), Pacific Community Investors (New Leaf Paper) and Good Capital (Alter Eco).

Benefit corporations meet a market need and a societal need,” said Governor Jack Markell. “They have the potential to create high quality jobs and improve the quality of life in our communities.”

“B Corp re-imagines corporate governance in a way that drives value creation for all and creates lasting companies,” said Michael Eisenberg of Benchmark Capital.

Delaware is the 19th state (plus the District of Columbia) to enact benefit corporation legislation, but as legal home of most venture-backed businesses, the majority of publicly-traded companies, and nearly two-thirds of the Fortune 500, it is the most important state for businesses that seek access to venture capital, private equity and public capital markets. Current Delaware law requires corporations to prioritize the financial interests of shareholders over the interests of workers, communities and the environment. Benefit corporations enjoy legal protection to create value for society, not just for shareholders, while meeting higher standards of accountability and transparency.

“Part of Method’s mission is to show that business can be a force for social and environmental good. Delaware benefit corporation law enables responsible businesses like Method to practice a more enlightened form of corporate governance that includes not only financial objectives, but social and environmental objectives,” said Adam Lowry, Co-Founder and Chief Greenskeeper of Method Products.

“Adopting this legislation is a natural extension of how we do business at Plum,” said Neil Grimmer Co-founder & President of Plum Organics. “We are committed to providing little ones with the very best food from the very first bite, and a publicly stated benefit recommits us to that core value. We are honored to be among the first to reincorporate as a benefit corporation, and hope today will set the stage for many like-minded companies to join us.”

In recognition of what members of the Delaware Bar have called a “seismic shift in corporate law,” more than 600 business leaders from the community of B Corps have signed an Open Letter inviting their colleagues to join them in redefining success in business. Signatories include well-known businesses like Patagonia and Ben & Jerry’s and high growth businesses like online marketplace Etsy and eyewear company Warby Parker; the Open Letter to Business Leaders can be read at www.bcorporation.net/open-letter-to-business-leaders.

Benefit corporations are a new kind of corporation legally required to: 1) have a corporate purpose to create a material positive impact on society and the environment; 2) expand fiduciary duty to require consideration of the interests of workers, community and the environment; and 3) publicly report annually on its overall social and environmental performance using a comprehensive, credible, independent and transparent third party standard. Delaware’s statute does not require use of a third party standard and only requires reporting to shareholders, not to the general public.

Four other companies, SustainAbility, Honest Company, GOOD Inc. and Performance Management Institute, have also committed to registering as benefit corporations in the coming year.

“With the passage of Delaware Benefit Corporation legislation, the path is now clear to scale business as a force for good,” said Andrew Kassoy, B Lab Co Founder. “It’s great to see venture capital and corporate investors taking advantage of this new tool to scale mission driven businesses on the very first day.”

To learn more about United States Carbon and our energy reduction technology that will help you become greener, cleaner, and more socially responsible please contact us at (855) 393-7555 or visit our website: www.unitedstatescarbon.com

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United States Carbon: US investors show climate clout

fracking drilling

American business and industry is coming under closer scrutiny from shareholders concerned to see how prepared companies are to respond to the financial pressures of a warming world.

Shareholders in the US are showing growing concern about their investments in companies exposed to climate change-related risks, according to new data released by Ceres, a US organization that promotes more sustainable business practices.

The annual round of corporate shareholder meetings – referred to in the US as the proxy season – has recently ended. Ceres says that at those meetings a total of 110 shareholder climate change and environmental sustainability-related resolutions were filed with 94 US-based companies: issues covered by the resolutions included concerns about hydraulic fracturing, flaring and both the environmental and financial risks of further exploitation of fossil fuel reserves.

Some of the US’s largest public pension funds were among those filing resolutions, including the California State Teachers’ Retirement System and the New York State and New York City Comptrollers’ Offices.  Ceres estimates that along with other large institutional investors these groups manage funds worth in excess of $500 bn in assets.

“The strength of this year’s proxy season shows unwavering investor concern about how companies, especially energy companies, are managing the profound climate-related risks of fossil fuel production, including traditional and unconventional oil and gas extraction,” says Mindy Lubber, president of Ceres.

“Investors saw especially important progress in tackling flaring, hydraulic fracturing and methane emission impacts, all key contributors to climate change.”

A resolution questioning the activities of Continental Resources, a large oil producer, was withdrawn after the company agreed to reduce or eliminate flaring at its well sites. Similar resolutions filed with three companies involved in the booming hydraulic fracturing industry – EOG Resources, Ultra Petroleum and Cabot Oil & Gas – were also withdrawn after managements agreed to increase disclosure of their activities, including steps being taken to reduce the environmental risks of “fracking”.

Mounting concern

“Companies are responding to the growing calls for transparency and accountability,” says the head of a major investment fund. “Without qualitative reporting, shareholders cannot be assured that a company is taking real steps to minimize these risks and protect shareholder value.”

According to Ceres data, the number of investor resolutions relating to climate change and environmental sustainability has increased significantly in recent years – from around 30 a decade ago to more than 100 last year.

While some companies are responding to investor concerns on climate change and the environment, others are more hesitant.

Shareholder resolutions asking two of the US’s biggest coal companies – CONSOL Energy and Alpha Natural Resources – to disclose how their extensive coal reserves might be affected by proposed new carbon regulations were defeated.

Recent analyses have indicated that if targets to limit the rise in global temperature are to be met, then vast amounts of proven fossil fuel reserves need to remain unexploited.

Such reserves can account for between 50 and 80% of the market value of coal, oil and gas companies: if regulations are brought in to support meeting targets on limiting global temperatures, those reserves could become “stranded” underground – having the knock-on effect of exposing companies and investors to significant financial risk.

To learn more about United States Carbon and our energy reduction technology that will help you become greener, cleaner, and more socially responsible please contact us at (855) 393-7555 or visit our website: www.unitedstatescarbon.com

United States Carbon: Global leaders debate: the agenda for business sustainability

Grass with blue sky

One theme coming across loud and clear from this year’s discussion is that we need to shift gears, both in scale and ambition.

Each year Accenture hosts Sustainability 24, a unique online conversation connecting thousands of people, including business leaders, policy makers and academics from more than 90 countries. This year’s Sustainability 24 once again convened thought-leaders across the world to debate and discuss the challenges and opportunities that business sustainability presents.

One theme coming across loud and clear from this year’s discussion is that we need to shift gears, both in scale and ambition, when it comes to sustainability. We need to move beyond pilot projects and small-scale successes and focus on how we use sustainability innovation to transform organisations and economies at their cores.

The most recent Sustainability 24 report reflects the views of 62 executives and thought leaders who participated in the day long debate. Some of the specific themes of this report include:

Sustainable strategies, innovation and business models: exploring scalable business models and new forms of collaboration that can take sustainability from pilot projects to mainstream.

Sustainability and operational excellence: scrutinising operations and supply chain transparency to optimise resource consumption and promote innovation.

Energy and resource optimisation: re-examining consumer demand and global supply chain practices to address resource efficiency.

To learn more about United States Carbon and our energy reduction technology that will help you become greener, cleaner, and more socially responsible please contact us at (855) 393-7555 or visit our website: www.unitedstatescarbon.com

United Statees Carbon: What is sustainability?

Sustainability is based on a simple principle: Everything that we need for our survival and well-being depends, either directly or indirectly, on our natural environment.  Sustainability creates and maintains the conditions under which humans and nature can exist in productive harmony, that permit fulfilling the social, economic and other requirements of present and future generations.

Sustainability is important to making sure that we have and will continue to have,  the water, materials, and resources to protect human health and our environment.

What is United States Carbon doing?

United States Carbon combines the best in class technology utilizing, SMART WEB, SAETEC and SHOMEL to achieve the most comprehensive approach to reduction of energy in exchange for Carbon Assets. Our software solutions measure energy consumption and create the baseline for the Carbon Assets. Our solution can be offered as software service (SaaS) to large greenhouse gas emitters for corporate social responsibility, reporting and compliance management.

A United States Carbon Sustainability Plan is self-funding.  Benefiting People, Planet, And Profits…at the same time. Contact us today and let us show you how.

United States Carbon aims to make sustainability the next level of environmental protection by drawing on advances in science and technology to protect human health and the environment, and promoting innovative green business practices.

How can I help?

United States Carbon has tools to help you learn and understand the issues and help you reduce your environmental footprintVisit our website.

Government Regulations and Practices

Executive Order 13423: “Strengthening Federal Environmental, Energy, and Transportation Management” of 2007 set policy and specific goals for federal agencies to ”conduct their environmental, transportation, and energy-related activities under the law in support of their respective missions in an environmentally, economically and fiscally sound, integrated, continuously improving, efficient, and sustainable manner.”

Executive Order 13514: “Federal Leadership in Environmental, Energy, and Economic Performance” of 2009 enhances EO 13423 “to establish an integrated strategy towards sustainability in the Federal Government and to make reduction of greenhouse gas emissions (GHG) a priority for Federal agencies.”

The Federal Government Sustainability website includes the latest information from federal agencies relevant to developing and maintaining sustainable facilities and to developing and promoting sustainable practices within their environmental programs.

Greening EPA. EPA implements a wide range of programs to reduce the environmental impact of its facilities and operations, from building new, environmentally sustainable structures to improving the energy efficiency of older buildings.

To learn more about United States Carbon and our energy reduction technology that will help you become greener, cleaner, and more socially responsible please contact us at (855) 393-7555 or visit our website: www.unitedstatescarbon.com

United States Carbon Services And The Conscious Company

United States Carbon runs a unique energy and waste reduction program that also creates a significant balance sheet asset over time. Our services provide …

  • A Business Sustainability Plan that addresses key energy issues and suggests self-funding improvements across the entire business.
  • A Conscious Company road map that guides a client through a step-by-step process in order to bring about successful outcomes in the areas of people, planet & profits.
  • Our energy savings and asset accumulation roadmap will enable your organization to achieve a 10% – 50% decrease in energy costs year after year and a triple digit ROI over the life of the project.
  • Our programs will allow for you to discover and amplify your brands Corporate Social Responsibility profile resulting in greater affinity with eco-conscious consumers.
  • Our unique diagnostic framework provides your organization with the tools to evaluate how your energy resources can be used most effectively to achieve the greatest financial and environmental improvement results.  It is possible to streamline your business costs and help the biosphere both at the same time.  Let us show you how.
What is a Conscious Corporation?

Conscious Corporations are those seeking awareness of the effects of their actions and implementing practices that benefit people, the planet & profit.  The conscious business movement, which emerged from the theory of corporate social responsibility, pushes for economic values where values represent social, environmental & economic concerns on global and local scales.

The Conscious Corporation – Business Principles:
Doing no harm

It is generally agreed upon that the product or service of a conscious corporation should not be intrinsically harmful to humans or the environment. However, it is possible for such a business to be taking part in the conscious business movement if it is taking conscious steps to be more aware of its social and environmental affects, and to adopt more beneficial social or environmental practices.

To learn more about United States Carbon and our energy reduction technology please contact us at (855) 393-7555 or visit our website: www.unitedstatescarbon.com