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Paris Withdrawal Won’t Stop Business Sustainability

June 27th, 2017

In the wake of the United States leaving the Paris Climate Agreements, many states, cities, and individual companies have taken pledges to continue sustainability efforts. In Minnesota, we’re lucky to have major companies and thought leaders stand firm in their commitment to environmental protection, including many members of the Minnesota Sustainable Growth Coalition.

In an effort to work toward a circular economy, environmental protection and stewardship must be a high priority. Several Coalition members have issued public statements and/or been in public support of the Paris Climate Agreements, demonstrating the leadership in our community on environmental issues.

The fact is, a commitment to the Paris Agreements, and more broadly our environment, is a smart business decision no matter your priorities.

STAYING GLOBALLY COMPETITIVE

One of the main reasons that companies and government entities are still following through with climate promises is to stay competitive. Cargill issued a statement reflecting their need to remain globally competitive, concluding that the Paris accords impact “trade, economic vitality, the state of our environment, and relationships amongst the world community.” Because of this, CEO David MacLennan said Cargill will not back away from efforts
to reduce climate change.

General Mills and several leading companies (Google, Walmart, Unilever, and more) echoed that sentiment with a letter to the President to express why the Paris Climate Agreements are important to their ability to compete globally: “the agreement ensures a more balanced global effort, reducing the risk of competitive imbalances for U.S. companies.”

INNOVATION & OPEN MARKETS

Part of being globally competitive is practicing innovation. The Paris Climate Agreements helped companies to innovate and create technologies that lower business costs. That new technology allows companies to enter new markets and keep markets open. Dow commented on how they will act in light of the executive decision, saying they will “continue to advocate for smart policies that enable the reduction of global greenhouse gas emissions and ensure that global markets stay open to American exports and innovation.”

Thomson Reuters also commented on the importance of climate innovation: “In short, having a sustainability strategy integrated into your business model is an efficiency, growth and innovation driver.”

COMMITTING TO CUSTOMERS

In addition to economic arguments, Xcel Energy made a more values-driven appeal. In an op-ed, Xcel’s CEO calls out the value of their customers, and responding to their interests in achieving a higher standard of environmental protection. As a result, Xcel is already on a “path to reduce carbon emissions by 45%
by 2021, well ahead of the U.S.-Paris commitment.”

Best Buy also highlighted what they’re doing in response to customer interests, saying, “Best Buy is focused on reducing our own carbon impact, and helping our customers use less energy as well… Collective action will result in a healthier world for generations to come.”

THE BOTTOM LINE

In the end, Minnesota businesses and corporations are dedicated to the environment for more than just regulatory reasons. Investing in environmental protection is a smart business decision. Even more than that, private-sector leaders see lessened environmental protections as harmful to their organizations and global markets as a whole.

These businesses, our state, and many others are still committed to action on the environment. It’s because of that leadership that we can still look forward to climate action for years to come.

Sam Hanson

POSTED BY:

Director, Sustainability Program

A Year and 30+ dedicated organizations later…

February 23rd, 2017

The Minnesota Sustainable Growth Coalition is just over a year old, but already we’ve come a long way. More than 30 businesses and organizations now form a business led partnership that harnesses each member’s expertise to advance the next frontier of corporate sustainability – the circular economy.

Together, the Coalition has designated three strategic priorities for regional transformation and are actively educating on what a circular economy can do for Minnesota and the region.

NEW MEMBERS

The Minnesota Sustainable Growth Coalition is a business-led effort that also includes key public and nonprofit entities within its membership. This cross-sector representation is essential to advancing the circular economy. In June of 2016, the Coalition publicly announced itself as a 27 member strong collaboration. Since then, six additional organizations have joined the effort, including:

 

 

With these six additions, the Coalition expands to just over 30 members. Each new member brings a different perspective and a wealth of experience. This knowledge continues to better position the Coalition, allowing the group to more effectively work on advancing the aspects of a more circular economic system. With each new member, we get closer to realizing our vision.

CIRCULAR ECONOMY EDUCATION

Our members have been quick to explain and project circular economy concepts. Jessica Hellman, Director of the University of Minnesota’s Institute on the Environment (IonE) and Coalition member, recently penned an op-ed in the Pioneer Press demonstrating the value of transformative, far-reaching sustainability efforts.

Ackerberg, a recent addition to the Coalition, is the first commercial real estate company to join. Shortly after entering the group, they shared more information on the value they see in collaboration through a piece by Finance & Commerce.

And finally, the Coalition as a whole was featured in the Harvard Business Review as part of the 9 Sustainable Business Stories that Shaped 2016. Number nine focuses on the circular economy, with special mention of the Coalition.

OUR THREE PRIORITIES

Soon after the Minnesota Sustainable Growth Coalition launched, Environmental Initiative convened members to select priority areas for their work. Three areas of focus quickly emerged from these conversations including: 1) advancing clean energy, 2) transforming organic waste into resources, and 3) greening grey infrastructure.

Members selected clean energy as the initial priority for leadership and collaboration. Coalition members recognize a circular economy can only exist if is powered by 100% clean, renewable energy. It’s a big commitment, but we aren’t taking it lightly. Over the past six months, members have developed a clean energy work plan, have secured initial funding to support that work, and have begun taking actions that support increased access to renewable energy resources.

While a lot of progress has been made already, much more is ahead. You’ll be hearing a lot more from us as we continue to make progress on our clean energy work plan while also digging deeper in our greening grey infrastructure and organics focus areas.

Sam Hanson

POSTED BY:

Director, Sustainability Program
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