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News articles on green business
Mongabay.com news articles on green business in blog format. Updated regularly.
(01/31/2014) French cosmetics giant, L'Oreal, has pledged to stop using palm oil linked to deforestation for its products by 2020. Palm oil, which is found in both cosmetics and many food items, has been linked to widespread deforestation in places like Indonesia and Malaysia, decimating biodiversity and contributing to global warming. The crop, which is both high-yield and lucrative, is now becoming increasingly popular in Africa and Latin America as well.
What if companies actually had to compensate society for environmental destruction?
(04/29/2013) The environment is a public good. We all share and depend on clean water, a stable atmosphere, and abundant biodiversity for survival, not to mention health and societal well-being. But under our current global economy, industries can often destroy and pollute the environment—degrading public health and communities—without paying adequate compensation to the public good. Economists call this process "externalizing costs," i.e. the cost of environmental degradation in many cases is borne by society, instead of the companies that cause it. A new report from TEEB (The Economics of Ecosystems and Biodiversity), conducted by Trucost, highlights the scale of the problem: unpriced natural capital (i.e. that which is not taken into account by the global market) was worth $7.3 trillion in 2009, equal to 13 percent of that year's global economic output.
Paradigm shift needed to avert global environmental collapse, according to author of new book The Blueprint: Averting Global Collapse
(01/10/2013) Global strategist, trained educator, and international lecturer Daniel Rirdan set out to create a plan addressing the future of our planet. His book The Blueprint: Averting Global Collapse, published this year, does just that. "It has been a sixty hour a week routine," Rirdan told mongabay.com in a recent interview. "Basically, I would wake up with the burden of the world on my shoulders and go to sleep with it. It went on like this for eighteen months." It becomes apparent when reading The Blueprint that it was indeed a monumental undertaking.
Soccer lights up kids' lives: new technology produces cheap, portable power
(07/16/2012) Recently, Jessica O. Matthews and Julia Silverman, both Harvard graduates, were awarded Harvard Foundation’s Scientists of the Year award for their invention of a soccer ball that converts kinetic energy to electricity. The two women, who were both social science majors, came up with the idea when they were taking an engineering class for non-majors and were required to create a project that would address a social problem.
Oil exploration approved in Africa's oldest park, Virunga National Park
(03/19/2012) Permits for controversial oil exploration in Virunga National Park have been released after request by NGO Global Witness. Oil company, SOCO International, has confirmed it has received two permits to undertake preliminary exploration, including seismic tests, in the UNESCO World Heritage Site. Located in the Democratic Republic of Congo (DRC), Virunga is famous for its population of the Critically Endangered mountain gorillas (Gorilla beringei beringei).
Taking corporate sustainability seriously means changing business culture
(08/11/2011) As more and more people demand companies to become sustainable and environmentally conscious, many corporations are at a loss of how to begin making the changes necessary. If they attempt to make changes—but fall short or focus poorly—they risk their actions being labeled as 'greenwash'. In addition, if they implement smart changes and self-regulations, but their employees don't buy-in to the process, all their investments will be for nothing. This is where Accountability Now, a young, fresh social responsibility agency, comes in. Clare Raybould, director of Accountability Now, believes companies—large and small—have the potential to change the world for the better, but they simply need a guiding hand to change not just the way a company works, but its culture.
Shipping firm pledges to disconnect itself from rainforest destruction
(05/25/2011) The Danish shipping giant Maersk pledged this week to stop purchasing containers with floors made from uncertified tropical hardwood, reports Deutsche Welle press. In an effort to reduce illegal logging and combat climate change, the company will be turning to recycled plastic, bamboo, and tropical wood certified by the Forest Stewardship Council (FSC) for its flooring. The Copenhagen-based firm is the first cargo company to transition to 'green containers' as part of a sustainable business strategy.
Nobel laureates: 'we are transgressing planetary boundaries that have kept civilization safe for the past 10,000 years'
(05/23/2011) Last week the 3rd Nobel Laureates Symposium on Global Sustainability concluded with participants—including 17 past Nobel Prize winners and 40 other experts—crafting and signing the Stockholm Memorandum. The document calls for emergency actions to tackle human pressures on the Earth's environment while ensuring a more equitable and just world.
Sustainability takes only cents
(03/30/2011) Real economic global results from decoupling economic growth from unsustainable natural resource management and inefficient industrial processes are the central themes of Cents and Sustainability. Implementing wealth creation strategies at the local, national, and international level is the primary economic theme, or modus operandi, of the 21st Century, as opposed to 20th Century wealth appropriation strategies. This begets the question do concrete auditable examples of wealth creation while sustainably managing natural resources at the national level exist?
Clean energy investments rise 630% in 7 years
(03/29/2011) According to a report by the US Pew Environment Group global clean energy investments, which do not include nuclear power, jumped 630% since 2004. The report detailing 2010 clean energy investments found that China remains the global leader in clean energy, while the US fell from 2nd to 3rd. This is the second year in a row that the US fell: in 2009 it lost first place to China. In all $243 billion were invested in clean energy in 2010.
Environmental sustainability—the new economic bottom line
(03/28/2011) That’s the message in Accounting for Sustainability: Practical Insights. The book represents the compilation of a five-year project—nicknamed “A4S”—sponsored by Prince Charles, Prince of Wales, that examined the feasibility of factoring industries’ impact on the environment into their economic spread sheets. Using case studies and interviews with leaders at major accounting firms, Accounting For Sustainability documents the bond between capitalism and environmental capital.
New organization seeks to make biofuels sustainable, but is it possible?
(03/24/2011) Not too long ago policy-makers, scientists, and environmentalists saw biofuels as a significant tool to provide sustainable energy to the world. However, as it became clear that biofuels were not only connected to deforestation, pollution, and greenhouse gas emissions (sometimes exceeding fossil fuels), but also competed with the global food supply and water sources, biofuels no longer seemed like a silver bullet, but a new problem facing the environment and the poor. Still, biofuels have persisted not so much due to perceived environmental benefits, but to entrenched interests by the big agricultural industry, lobbyists, and governments. However, the Roundtable on Sustainable Biofuels (RSB) hopes to begin certifying environmentally friendly biofuels that don't compete with food production or water sources.
Is Obama's clean energy revolution possible?
(01/26/2011) Last night US President Barack Obama called for a massive green energy make-over of the world's largest economy. Describing the challenge as 'this generation's Sputnik moment' the US president set a goal of producing 80 percent of America's energy by clean sources by 2035. While this may sound improbable, two recent analyses back the president up, arguing that a global clean energy revolution is entirely possible within a few decades using contemporary technology and without breaking the bank. "Based on our findings, there are no technological or economic barriers to converting the entire world to clean, renewable energy sources," Mark Z. Jacobson, a professor of civil and environmental engineering at Stanford said in a press release. "It is a question of whether we have the societal and political will."
US elects barrage of climate change deniers, threatening support for green energy
(11/03/2010) The US midterm election, which won Republicans the House but safeguarded the Senate for Democrats, has brought in a number of self-proclaimed climate change deniers, ending any likelihood that an energy bill will be passed over the next two years and essentially stumbling the White House's strategy on climate change. Newly elected Republican Senators Rand Paul of Kentucky and Marc Rubio of Florida, both members of the nascent Tea Party, have stated they do not believe in climate change despite that scientists overwhelming agree the Earth is warming due to human impacts.
Can 'boutique capitalism' help protect the Amazon?
(10/11/2010) Most companies talk green, but few—almost none in fact—actually walk the walk. Sustainable design company, Ecostasy, not only walks the walk, but actually seeks out among the most challenging places to work: the imperiled Brazilian Amazon. Specializing in hand-crafted products by indigenous groups—such as jewelry, pots, and furniture—Ecostasy seeks to balance smart economics, environmental protection, and community development. Make no mistake, however, Ecostasy is not a non-profit, but a rare and refreshing example of a company truly dedicated to changing the world for the better. "In my mind, a virtuous company does not compromise ethical principles for economic interests. For me, being ethical is comprised of conducting oneself with honesty and responsibility to one’s constituencies (customers, employees, suppliers), society and the environment," Katherine Ponte, founder of Ecostasy, told mongabay.com in an interview.
Paying for nature: putting a price on 'ecosystem services'
(07/12/2010) Ever since humans entered the stage, nature has been providing us with a wide-variety of essential and 'free' services: food production, pollination, soil health, water filtration, and carbon sequestration to name a few. Experts have come to call these 'ecosystem services'. Such services, although vital for an inhabitable planet, have largely gone undervalued in the industrial age, at least officially. Yet as environmental crises pile one on another across the world, a growing number of scientists, economists, environmentalists, and policy-makers are beginning to consider putting a monetary value on 'ecosystem services'.
Big compromise reached on Canada's Boreal by environmental groups and forestry industry
(05/19/2010) In what is being heralded as the 'world's largest conservation agreement' 20 Canadian forestry companies and nine environmental organizations have announced an agreement covering 72 million hectares of the Canadian boreal forest (an area bigger than France). Reaching a major compromise, the agreement essentially ends a long battle between several environmental groups and the companies signing on, all members of the Forest Products Association of Canada (FPAC).
Nestle caves to activist pressure on palm oil
(05/17/2010) After a two month campaign against Nestle for its use of palm oil linked to rainforest destruction spearheaded by Greenpeace, the food giant has given in to activists' demands. The Swiss-based company announced today in Malaysia that it will partner with the Forest Trust, an international non-profit organization, to rid its supply chain of any sources involved in the destruction of rainforests. "Nestle’s actions will focus on the systematic identification and exclusion of companies owning or managing high risk plantations or farms linked to deforestation," a press release from the company reads, adding that "Nestle wants to ensure that its products have no deforestation footprint."
How that cork in your wine bottle helps forests and biodiversity, an interview with Patrick Spencer
(03/01/2010) Next time you’re in the supermarket looking to buy a nice bottle of wine: think cork. Although it’s not widely known, the cork industry is helping to sustain one of the world’s most biodiverse forests, including a number of endangered species such as the Iberian lynx and the Barbary deer. Spreading across 6.6 million acres in southern Europe (France, Spain, Portugal, and Italy) and northern Africa (Algeria, Morocco, and Tunisia) oak cork trees Quercus suber are actually preserved and protected by the industry.
Profit of biggest companies would be cut by a third if forced to pay for environmental damage from operations
(02/19/2010) Profits of the world's 3,000 largest companies would be cut by $2.2 trillion per year if they were forced to pay for environmental damage from their operations, according to an upcoming U.N. report detailed by The Guardian. The study, conducted by Trucost, a consultancy, and scheduled to be released this summer, estimates that pollution and degradation of natural resources by the world's 3,000 largest companies amount to six to seven percent of total revenue, or roughly one-third of profits.
Consumers fail at identifying green companies
(02/17/2010) An article today in New Scientist shows that American consumers have a difficult time correctly identifying green companies, often confusing 'greenwashing' for true green credentials or not bestowing enough credit where credit is truly due. By combining data from Earthsense, which polled 30,000 Americans about on their views of 'green' companies, and Trucost which assesses companies global environmental impact, New Scientist was able to discover just how confused American consumers are when it comes to identifying 'green'.
Could special bonds fund the green revolution and stabilize the climate?
(02/02/2010) There is no question that governments around the world are moving slowly and sluggishly to combat climate change, especially when placed against the measures recommended by climate scientists. Only a handful of nations have actually cut overall greenhouse gas emissions, and the past couple decades have seen emissions rise rapidly worldwide as nations like India and China industrialize while Brazil and Indonesia continue massive deforestation. Global temperatures are rising in concert (though with natural fluctuations): the past decade is the warmest on record. After the failure of Copenhagen this past December to produce an ambitious and binding treaty, many are wondering if the world will ever address the threat of climate change or if future generations are set to live in a world far different—and more volatile—than the one we currently enjoy.
China leaves US (and Europe) in the dust on renewable energy
(02/01/2010) This year China has become the world's largest manufacturer of solar panels and wind turbines, doubling its wind capacity since 2005. The economically booming nation—and the world's most populous—has also invested heavily in nuclear power and the world's most efficient coal plants, according to the New York Times.
New rating systems seeks to promote sustainable landscapes from shopping malls to city parks
(11/15/2009) The Sustainable Sites Initiative has developed the United States' first rating system for the design, construction, and on-going maintenance of a wide-variety of landscapes, both with and without buildings, including shopping malls, subdivisions, university campuses, corporate buildings, transportation centers, parks and other recreation areas, and single-family homes.
Disney commits $4 million to rainforest conservation in the Amazon, Congo
(11/03/2009) The Walt Disney Company will invest $7 million in forest conservation projects in the U.S., the Congo Basin, and the Amazon in an effort to reduce its greenhouse gas emissions.
Business and conservation groups team up to conserve and better manage US's southern forests
(10/15/2009) A new project entitled Carbon Canopy brings together multiple stakeholders—from big business to conservation organizations to private landowners—in order to protect and better manage the United State's southern forests. The program intends to employ the emerging US forest carbon market to pay private forest owners for conservation and restoration efforts while making certain that all forest-use practices subscribes to the standards of the Forest Stewardship Council (FSC).
Brazilian beef giants agree to moratorium on Amazon deforestation
(10/07/2009) Four of the world's largest cattle producers and traders have agreed to a moratorium on buying cattle from newly deforested areas in the Amazon rainforest, reports Greenpeace.
Could agroforestry solve the biodiversity crisis and address poverty?, an interview with Shonil Bhagwat
(09/24/2009) With the world facing a variety of crises: climate change, food shortages, extreme poverty, and biodiversity loss, researchers are looking at ways to address more than one issue at once by revolutionizing sectors of society. One of the ideas is a transformation of agricultural practices from intensive chemical-dependent crops to mixing agriculture and forest, while relying on organic methods. The latter is known as agroforestry or land sharing—balancing the crop yields with biodiversity. Shonil Bhagwat, Director of MSc in Biodiversity, Conservation and Management at the School of Geography and the Environment, Oxford, believes this philosophy could help the world tackle some of its biggest problems.
Fashion labels drop APP after party highlights the plight of Indonesian forests
(09/21/2009) The fashion world has been rocked: not by the newest designer or the most shocking outfit, but by the continuing destruction of forests in Indonesia. On September 15th, the Rainforest Action Network (RAN) helped open New York City's styling Fashion Week with a party to encourage fashion designers to take a closer look at the paper bags they give customers.
Concerns over deforestation may drive new approach to cattle ranching in the Amazon
(09/08/2009) While you're browsing the mall for running shoes, the Amazon rainforest is probably the farthest thing from your mind. Perhaps it shouldn't be. The globalization of commodity supply chains has created links between consumer products and distant ecosystems like the Amazon. Shoes sold in downtown Manhattan may have been assembled in Vietnam using leather supplied from a Brazilian processor that subcontracted to a rancher in the Amazon. But while demand for these products is currently driving environmental degradation, this connection may also hold the key to slowing the destruction of Earth's largest rainforest.
Retailers Costco and Amazon.com flunk sustainable paper use, WalMart and Target fare little better
(08/27/2009) Every year forests are destroyed for the production of paper: habitat is lost, greenhouse gases are released, species are impacted, and fresh water sources damaged. Some companies have begun to move towards more sustainable paper production, seeking paper sources stamped by the Forest Stewardship Council (FSC) and increasing the use of recycled paper, however other companies in the industry have yet to change their way. The 3rd annual report card conducted by Dogwood Alliance and Forest Ethics focuses both on the companies who continue to make progress toward sustainable paper production—and those who don't.
Little hydroelectric dams become all the rage, but do they harm the environment?
(08/23/2009) Looking for a way to create energy that doesn’t contribute to climate change and avoid the usual opposition that comes with building large hydroelectric dams, many energy companies are now pursuing constructing small hydroelectric dams in the wilderness, reports the Wall Street Journal.
Nike implements policy to avoid leather produced via Amazon deforestation
(07/22/2009) Nike is working with Greenpeace to ensure its products don't contribute to destruction of the Amazon rainforest, according to statements from the shoe giant and the environmental activist group. The partnership comes after Greenpeace report accused Nike of using leather derived from cattle raised on illegal deforested Amazon land. The report, "Slaughtering the Amazon", also linked other shoemakers to rainforest destruction, including Adidas, Reebok and Timberland.
Clean energy investment moving too slowly to avoid irreversible climate change
(03/04/2009) Stalled clean energy investment due to the current recession makes severe climate change more likely, according to a new report by analysts with New Energy Finance (NEF).
New model uses carbon credits, sustainable palm oil to save Indonesia's rainforests
(02/05/2009) The World Resources Institute (WRI) has launched an innovative avoided deforestation model that aims to deter conversion of Indonesian rainforest for oil palm plantations. The project, dubbed "POTICO" (Palm Oil, TImber, Carbon Offsets), integrates sustainable palm oil, FSC-certified timber, and carbon offsets in order to "divert new oil palm plantations onto degraded lands and bring the forests that were slated for conversion into certified sustainable forestry".
Obama pick supports 'Green Jobs' initiative to rebuild economy
(12/18/2008) President-elect Barack Obama's choice of California congresswoman Hilda Solis to head the Labor Department is a boost to the effort to launch a national "Green Jobs" initiative reports The Wall Street Journal.
Salvage logging offers hope for forests, communities devastated by industrial logging
(12/04/2008) As currently practiced, logging is responsible for large-scale destruction of tropical forests. Logging roads cut deep into pristine rainforests, opening up once remote areas to colonization, subsistence and industrial agriculture, wildlife exploitation, and other forms of development. Timber extraction thins the canopy, damages undergrowth, and tears up soils, reducing biodiversity and leaving forests more vulnerable to fire. Even selective logging is damaging. Nevertheless demand for wood products continues to grow. China is expected to import more than 100 million cubic meters of industrial roundwood by 2010, much of which will go into finished products shipped off to Europe and the United States. As much as 60 percent of this is illicitly sourced. Meanwhile in Brazil domestic hunger for timber is fueling widespread illegal logging of the Amazon rainforest. Armed standoffs between environmental police and people employed by unlicensed operators are increasingly common. Tropical Salvage, a Portland, Oregon-based producer of wood products, is avoiding these issues altogether by taking a different approach to meet demand for products made from high-quality tropical hardwoods. The company salvages wood discarded from building sites, unearthed from mudslides and volcanic sites, and dredged from rivers in Indonesia and turns it into premium wood products. In the process, Tropical Salvage is putting formers loggers to work and supporting a conservation, education and reforestation project on Java.
HSBC to cut lending to questionable oil palm and logging companies
(12/02/2008) HSBC will cut lending to oil palm developers and logging companies in Malaysia and Indonesia due to environmental concerns, reports Reuters.
Coca-Cola announces water conservation goal
(10/30/2008) Coca-Cola Company has pledged to a 20 percent improvement in water efficiency over 2004 levels in its worldwide operations by 2012, saving some 50 billion liters of fresh water over projected use that year, reports WWF, which negotiated the agreement.
Shell, HSBC put $665,000 toward Borneo rainforest conservation project
(10/26/2008) Brunei Shell Petroleum (Shell Oil) and HSBC have donated 500,000 Brunei dollars ($333,000) each to conserve forests on the island of Borneo, reports the Borneo Bulletin.
Green New Deal will spark global economy, create jobs
(10/22/2008) A "Global Green New Deal" that focuses the world economy "towards investments in clean technologies and 'natural' infrastructure such as forests and soils is the best bet for real growth, combating climate change and triggering an employment boom," according to a new initiative led by the United Nations Environment Programme (UNEP).
Challenges of starting a green business
(10/20/2008) While green design offers the potential to greatly improve the sustainability of new goods and services without sacrificing performance, developing and bringing such products to market is a challenge, said a panel of innovators from companies using nature as inspiration for new technologies. Speaking at the 2008 Bioneers conference in San Rafael, California, Stephen Dewar of WhalePower, Charles Hamilton of Novomer, and Jay Harman of PAX Scientific told biomimicry expert Jane Benyus that radically new approaches to solving design and engineering problems is often met with skepticism from the existing market.
Company that turns CO2 into eco-friendly plastic gets new CEO
(10/20/2008) Novomer, a firm developing biodegradable plastics using carbon dioxide instead of petroleum as a feedstock, today announced the appointment of Jim Mahoney as its new chief executive officer and the relocation of company headquarters from Ithaca, N.Y. to Boston, Mass.
Financial crisis could pave way for greener economy inspired by nature
(10/20/2008) Biomimicry — the use of nature to inspire design — could serve as a model for a greener economy that rises out of the ashes of the financial crisis, said experts meeting at a sustainability conference in the San Francisco Bay Area. Speaking at the three-day Bioneers conference in San Rafael, Janine Benyus, a leading voice in the emerging field of biomimicry, said that nature offers lessons that can be applied to build better and more sustainable products and services as well as economic models.
Group takes "venture capital" approach to conservation
(09/16/2008) An innovative group is using a venture capital model to save some of the world's most endangered species, while at the same time working to ensure that local communities benefit from conservation efforts. The Wildlife Conservation Network (WCN), an organization based in Los Altos, California, works to protect threatened species by focusing on what it terms "conservation entrepreneurs" -- people who are passionate about saving wildlife and have creative ideas for dong so. After a rigorous review process to identify and select projects that will have the greatest impact on conservation in developing countries, WCN provides the conservationist with fund-raising and back-office support, technology, and access to its network of people and resources.
Prince Charles says hedge funds could save rainforests
(09/11/2008) Prince Charles renewed his call to protect rainforests for the services they provide humanity. Speaking Wednesday at a black-tie dinner in London, Charles compared the need to protect forests to fighting a war.
Big computer makers pitch energy efficiency to sell more services, equipment
(09/09/2008) Tech giants are using high power costs to market new energy efficiency computers to large corporate data centers, reports the Wall Street Journal.
Ghana becomes first country to sign sustainable timber pact with the E.U.
(09/04/2008) The European Union has signed a sustainable forestry deal with Ghana that would stop imports of illegally-harvested timber from the West African nation, according to a statement released by the European Forest Institute. The agreement comes under the European Commission's 2003 Action Plan on Forest Law Enforcement, Governance and Trade (FLEGT), which seeks to address illicit timber imports. The regulation requires chain-of-custody documentation for timber to be imported into the E.U.
PG&E will build the world's largest solar power plant
(08/15/2008) California electricity producer PG&E Thursday announced a plan to build two giant solar photovoltaic power plants that will cover 12.5 square miles and have a peak generating capacity of 800 megawatts.
"Turtle carbon" could help protect rainforests and save endangered sea turtles
(08/12/2008) Using carbon credits to promote rainforest conservation could help protect endangered sea turtles in some parts of the world, argues a carbon finance expert.
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