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As the private sector increasingly takes on greater leadership in helping to create a more sustainable world—as is taking place through the implementation of the recent Paris climate negotiations and the UN Global Goals for sustainable development, for example—more companies are disclosing on sustainability performance. But as more firms embrace sustainability reporting, and new developments in regulations and reporting practices emerge, sustainability reporting frameworks must continue to evolve.
In an effort to enhance the clarity and uptake of sustainability reporting worldwide, the Global Reporting Initiative (GRI) recently released its final set of Sustainability Reporting Standards (Standards) in November 2016, marking the next phase of GRI reporting. As the most commonly used framework for sustainability disclosures, this is a change any company reporting or considering doing so will want to make note of.
What are Standards?
The GRI is in the midst of restructuring its reporting framework from iterative guideline releases (as with… More
MetLife recently released its 2015 Global Impact report. The report contains information on how MetLife has managed environmental, social and governance issues, including social impact investments, customer service, product access, employee programs, workplace diversity, environmental stewardship and philanthropy.
Throughout the report, MetLife indicates how its actions align with the United Nations’ 17 Sustainable Development Goals, or SDGs, demonstrating the company’s support of the 2030 Agenda for Sustainable Development.
Highlights of MetLife’s 2015 corporate responsibility performance include:
Green investments of $9.7 billion, which includes stakes in 37 wind and solar farms, 48 LEED-certified properties, and $3 billion in renewable energy projects
As the first U.S.-based insurer to commit to carbon neutrality, committing to reducing energy usage and greenhouse gas emissions by 10% by 2020
Implementing an Inclusion Index to measure diversity and inclusion integration within the company
Infrastructure investments of $7.8 billion, which includes projects such as roads, pipelines, and power
NVIDIA recently released its 2016 Sustainability Report, the company’s seventh report on its environmental, social, and governance progress. This latest update highlights how NVIDIA’s central technology, the Graphics Processing Unit, or GPU, advances demanding and socially-beneficial technologies. The report describes how GPUs help supercomputers model diseases, self-driving cars interpret roads, and virtual reality create entirely new forms of media and communication.
Because of NVIDIA’s performance related to corporate responsibility, multiple organizations have recognized the company’s ESG leadership, including:
CR Magazine adding NVIDIA to the “100 Best Corporate Citizens”
Newsweek ranking NVIDIA fourth in its Green Rankings of US companies
scoring a 98 out of 100 on the company’s CDP disclosure, demonstrating its leadership in climate action and emissions
remaining a member of the Dow Jones Sustainability Index
To continue its progress, NVIDIA has set several goals for the coming year. This includes ranking suppliers based on the company’s criteria for conflict… More