The trillions of collaboration

ECONOMY

by THE OLBIOS TEAM

Best Buy, Bank of America, Ford, Levi Strauss & Co., Nike, Starbucks and Timberland: these are just a handful of the companies initiating sustainable business practices with support from Ceres. Since 1989, the Boston-based organization has led a normative shift in corporate governance as it pertains to environmental issues like climate change, clean energy, water scarcity, and supply chain sustainability. Ceres, which is comprised of a coalition of more than 130 institutions, public interest groups and investors, engages in a dialogue with leading companies and policymakers to influence critical decision-making. Alongside other initiatives, the organization also directs the Investor Network on Climate Risk, a network of nearly 100 leading investors collectively managing more than $9.5 trillion in assets, which mobilizes and leverages shareholder power to secure meaningful corporate commitments on sustainability challenges. Its Global Reporting Initiative is now the de-facto international standard for corporate reporting on environmental, social and economic performance. Founded by a small group of investors in 1989 in response to the Exxon Valdez oil spill, Ceres has been working for more than twenty years to weave sustainable strategies and practices into the fabric and decision-making of companies, investors and other key economic players. Ceres now works with more than 130 member organizations that make up the Ceres Coalition: they include environmental and social nonprofit groups such as NRDC, Union of Concerned Scientists and Oxfam, institutional investors such as the California and New York public pension funds, socially responsible investors (SRIs), labor unions and other key stakeholders. In recent years, Ceres has expanded the coalition’s expertise to include more social issues such as diversity and human rights. Ceres -Website Website: http://www.ceres.org/

 

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