This week, the Center for Energy & Environmental Security (CERES), and the Environmental Defense Fund released a new report entitled “Reclaiming Transparency in a Changing Climate: Trends in Climate Risk Disclosure in the S&P 500 since 1995” (PDF). This report takes an in-depth look at how leading companies are addressing the issue of climate change in the annual reports that they prepare for investors.
In spite of the fact that climate change is an issue that will impact the bottom line of almost every major industry, 76.3% of the 2008 annual reports by companies in the Standard & Poor's 500 (S&P 500) list did not mention climate change even one time in their reports. Only 5.5% of these reports identified a risk posed by climate change and fully articulated a strategy for addressing these risks.While these numbers are disappointing as a whole, there is reason for encouragement in this report as the number of companies addressing climate change in their annual report is increasing. From 2007 to 2008, the number of companies that did address climate change increased from 13.3% to 23.7% and the number has increased every year since 1999. Much as we have seen an increase in the importance of Corporate Social Responsibility/CSR reporting in the past several years, we are starting to see more companies address the financial impact of climate change on their business. Here is to hoping that the number of companies reporting on this issue continues to grow in 2009.
- Sold the two cars.
- House’s basic structure—N/S exposure only; S. shaded in summer, open for sun in winter.
- New windows throughout—double paned, sealed, and screened for warm weather.
- Recoating for the roof and insulated ceiling with panels.
- Sealed the chimneys and installed ventless gas fireplaces.
- Installed Mitsubishi heating and air conditioning system instead of electric room heaters and window air conditioners.
- Energy efficient refrigerator
- Energy efficient hot water heater
- Energy efficient washer and dryer
- Energy efficient toilets, shower heads, and faucets.
- Replaced light bulbs, use bleachless or recycled paper products, sprays rather than aerosol cans
- Use dishwasher and washing machine after 11:00 p.m.
- And, of course, he offsets with Carbonfund.org
Ever wish you could decrease your jet lag?
It's been sold in airports and onboard airlines and has also been offered through an American Express membership program and the FlyRight website. FlyRight's jet lag remedy contains an all natural blend of 12 herbs designed to boost the immune system, improve circulation, and offset travel fatigue.
Now, through a partnership with Carbonfund.org, a portion of the proceeds from sales of FlyRight Jet Lag Formula will support Carbonfund.org's efforts to help end global warming through Carbonfund.org's third-party verified carbon offset projects in renewable energy, energy efficiency and reforestation. Ted's Tinctures, Inc., makers of FlyRight is also offsetting the company's business office emissions.
Founded in 2007 by Ted Ray, Silicon Valley Licensed Acupuncturist and herbalist, FlyRight Jet Lag Formula is the first in a line of all natural herbal supplements that increase productivity and improve quality of life for business travelers worldwide. It was developed by Mr. Ray for his clientele of Silicon Valley executives and road warriors who sought a jet lag solution to keep them healthy and productive on the road. To learn more please visit the FlyRight website here.
- The distribution of allowances via an auction would generate $254 billion for the Treasury between 2010 and 2014, and about $858 billion over the next 10 years;
- $25 million and $50 million per year starting in 2012 from companies who do not meet their compliance obligations on-time.
- Giving credits away for allowances will cost about $693 billion from 2010-2019;
- Tax breaks for the poorest individuals and families to help offset higher energy prices ($161 tax credit for a single person earning less than $23,000 and about $359 for a five-person household);
- $19.3 billion will be credited into a new Treasury account to help the Energy Department and U.S. EPA with reductions in HFCs through better appliance purchases, as well as recycling and reclamation;
- $5.3 billion would go into a Treasury fund for national resource adaptation activities;
- $900 million gets sent primarily to the Department of Health and Human Services to assist health professionals as they gear up for the challenges associated with climate change;
- $4.3 billion from 2011-2019 for a new Labor Department benefits, job training and health insurance program to help workers who lose their jobs because of the climate law.