I have no idea that there is such a thing as World Environment Day but I was reminded from this corporate e-mail that came in from Reed Elsevier (our parent company) this morning:
--------------------------That makes me proud that my company is contributing to the health of the environment. So what's your company's environmental efforts??
Today, on World Environment Day, I would like to reiterate RE's support for environmental improvement.
While we work to meet all our environmental targets, our focus this year is reducing carbon emissions from transportation. Between 2007 and 2008, we reduced transport emissions by 16%, but I believe we can go farther, and new tools we are introducing across Reed Elsevier. In doing so, we can reduce consumption and also cost.
We are also today formally launching an Environmental Standards programme to help us meet our environmental targets. Last year, over ten locations across all four divisions achieved five of the RE Environmental Standards, which include per person consumption targets. In addition, Elsevier Philadelphia became the first Reed Elsevier location to achieve a US Environmental Protection Agency Energy Star award.
We are committed to advancing our environmental activities. For example, last year we began collecting environmental data from our supply chain to understand the full impact of our products and services. We also identified our offices in water stress areas and have begun to review further water reduction efforts in these locations.
Our greatest environmental contribution is our extensive internal expertise. We have leading environmental products and services such as the International Journal on Climate Change, New Scientist, The Environmental Law and Climate Change Centre, and Pollutec, the world's largest environmental engineering show. In addition, over 400 employees are involved in Green Teams - local networks of environmental volunteers across the group. You can also play a part; please share your thoughts on the Reed Elsevier Green Forum.
Thank you for your help in this important area.
Speaking of which, according to a recently released study by Ceres, Environmental Defense Fund (EDF) and the Center for Energy and Environmental Security (CEES), corporate climate disclosure continue to fall far short of what investors need to carry out their fiduciary duties.
"Climate change is a bottom line issue and investors have a right to know which companies are best positioned for the emerging clean energy global economy."
The study reports that while some climate related disclosure was common in the electric power, coal and oil & gas industries, most filings in these sectors reportedly lacked the level of detail that investors require. Many companies in the insurance and transportation sectors reportedly failed to provide any disclosure on climate-related risks and opportunities whatsoever.