Business Ecosystem News

150 private citizens of the coastal Massachusetts town of Salisbury completed a replenishment project for their local beach. Instead of relying on the government to replace 15,000 tons of sand that storms carried out to sea, the citizens decided to spend $600,000 of their own funds to do so.

Sustainability accountants, sharpen your pencils! The deadline for submitting comments about the new Climate Change exposure draft of the Global Reporting Initiative (GRI) is this Thursday, February 29, 2024.

Last Wednesday, March 6th, the US Securities & Exchange Commission (SEC) released its final climate disclosure rules, formally known as The Enhancement and Standardization of Climate-Related Disclosures for Investors (the Final Rules). 886 pages long (!), they require publicly listed U.S. companies and certain foreign companies to disclose climate-related information in their registration statements and annual reports.

A few days ago, baseball superstar Shohei Ohtani signed the richest contract in the history of professional sports by agreeing to play ten years for the Los Angeles Dodgers. The team will pay him $700 million for his services. Ohtani’s value far exceeded that of any other baseball professional because of his ability to serve as a “two way player.”…

On Tuesday, February 28th, the European Parliament voted, by a narrow margin, to adopt the Nature Restoration Law. Enacted against a backdrop of concern that natural places have been degraded, the core concept of the law is that protecting remaining natural places will not be sufficient; also needed is large-scale restoration. The goal of the law is to rehabilitate at…

Recently, the Norwegian government legalized large-scale commercial sea mining. Many expected environmentalists to applaud the sea floor production of natural elements like lithium and cobalt, elements that are used to create large batteries for the storage of renewable energy. After all, one major complaint about solar and wind power is that energy production dwindles on cloudy days and evenings when…

ESG started off as a choice. Grounded in the sentiments of Corporate Social Responsibility and Ethical Investing, ESG meant that you chose to act in accordance with your values and not merely for the sake of financial profits. Those days are long over.  Today many investors and customers expect or even require companies to “do ESG”. What had been “voluntary”…