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August 19, 2014 Auditing Firm Fined Millions For Involvement In Money-Laundering To Terrorist StatesSource: The Daily Caller
PricewaterhouseCoopers (PwC) has been fined $25 million and suspended from consulting for two years for aiding a Japanese bank in laundering money to terrorist states, the New York Post reports.
August 19, 2014 Report highlights CPGs' sustainability achievementsSource: Packaging World
The Grocery Manufacturers Association (GMA) has released a report that spotlights progress and achievements by food, beverage, and consumer products companies as they work to reduce their environmental footprints and implement...
August 19, 2014 U.S. lawmakers slam Fed's crisis lending proposalSource: Reuters
A bipartisan group of U.S. lawmakers on Monday urged the Federal Reserve to restrict its crisis lending programs for big banks, which were criticized as bailouts during the 2007-2009 meltdown.
Source: Washington Post
The average global temperature in July was the fourth highest on record for any July since records began in 1880, according to NOAA. This is after two months of record warm global temperature in May and June. So far, 2014 is the...
August 18, 2014 West’s historic drought stokes fears of water crisisSource: Washington Post
Now, across California’s vital agricultural belt, nervousness over the state’s epic drought has given way to alarm. Streams and lakes have long since shriveled up in many parts of the state, and now the aquifers — always a backup...
August 18, 2014 FedEx Now Indicted for Money LaunderingSource: Daily Mail Times
FedEx Corp has been charged with conspiring to launder money by U.S. federal law enforcement authorities over the drug deliveries the company made for online rogue pharmacies despite receiving warnings from authorities.
Source: Washington Post
No challenge derails managers from the goal of sustainability more than understanding what it means for an organization to really be sustainable. Some people think sustainability is all about environmental issues. Others see it...
August 18, 2014 Tax inversions can be bad for shareholders — and for AmericaSource: MarketWatch
Individual investors typically produce better results when they live by a set of rules and beliefs on what to buy, hold or sell. Recently, based on news events that forced me to look at my own portfolio, I added a new guideline...
Source: IR Magazine
A series of 150 climate-related resolutions by institutional investors prompted 20 large US-based multinational companies to commit to reducing greenhouse gas emissions or obtaining sustainably produced palm oil in the 2014 proxy...
The latest global survey conducted in July by the consulting firm McKinsey, reveals interesting figures on how and why sustainability is important to company’s strategy and how successful companies are in mastering the...
August 15, 2014 Wal-Mart’s Sales Stagnation Reignites Concern About EconomySource: Bloomberg
Wal-Mart Stores Inc. (WMT)’s latest struggles to revive U.S. sales, following a disappointing Commerce Department report earlier this week, add to evidence that the economy isn’t recovering as quickly as expected.
August 15, 2014 Antarctic Melt May Lift Sea Level Faster in Threat to MegacitiesSource: Bloomberg
Antarctica glaciers melting because of global warming may push up sea levels faster than previously believed, potentially threatening megacities including New York and Shanghai, researchers in Germany said. Antarctica’s ice...
August 14, 2014 Sustainability Can Be Profitable, TooSource: Entrepreneur.com/
Small companies may feel a social obligation or desire to implement sustainability programs, but they can be expensive. Very large companies can often justify the expense based on the PR value. They’re in the public spotlight and...
August 14, 2014 Kellogg wants suppliers to report carbon emissionsSource: KOMO News
Kellogg said Wednesday it will step up efforts to reduce planet-warming emissions in its supply chain as part of a broader initiative designed to be more environmentally friendly. Under the plan, the Battle Creek-based food...
August 14, 2014 Market Structure Map - Buy The RightsSource: Tim Quast, president, ModernNetworks IR LLC
The market-structure mashup recently took a somewhat bizarre turn. InterContinental Exchange, owner of the NYSE, bought the rights to high-speed trading patents.
August 14, 2014 Are we doing enough to safeguard drinking water?Source: PBC Newshour
Finally tonight, the state of our drinking water and how two major problems in American cities these past few months are calling new attention to concerns over supply and protection.
August 13, 2014 Water Efficiency in a Global CrisisSource: Huff Post
Listen to the headlines and you will hear more and more frequent anecdotal evidence of the crisis facing our global fresh water supply. Only 3 percent of the water on earth is fresh, and of that some 2 percent is locked in the...
August 13, 2014 World Awash in Oil Shields Markets From 2008 Price ShockSource: Bloomberg
Fighting across Iraq, Libya, Ukraine and Gaza, and an accelerating economy, should mean higher oil prices. Yet crude is falling. Six years ago, oil soared to a record $147 a barrel as tension mounted over Iran’s nuclear program...
August 13, 2014 With Disney Dispute, Has Amazon Gone Too Far?Source: Forbes
In the latest sign that Amazon is willing to play hardball with suppliers, the online retailer has stopped accepting pre-orders on Disney movies including Maleficent and Captain America: The Winter Soldier. It’s not clear what’s...
August 13, 2014 5 reasons to panic about Arizona's water, and 5 reasons not toSource: AZ Central
A June story in the Arizona Daily Star outlined the ways Arizona could end up with an official water shortage, but it pronounced the chances of that happening anytime soon to be "slim."
August 13, 2014 Executives Place More Worth on Strategic Sustainability - SurveySource: ProBono News
The global online survey, Sustainability’s Strategic Worth, drew on the responses of 3344 executives representing a full range of regions, industries, company sizes, functional specialties and tenures. It revealed that 43 per...
August 12, 2014 Extreme weather becoming more common, study saysSource: The Guardian
Extreme weather like the drought currently scorching the western US and the devastating floods in Pakistan in 2010 is becoming much more common, according to new scientific research. The work shows so-called “blocking patterns”,...
August 12, 2014 'Gadfly' Trio Leads Proxy Season DisharmonySource: Corporate Counsel
So far this year three individuals have been the most frequent filers of corporate shareholder proposals, according to a new study, "Frequent Filers: Shareholder Activism by Corporate Gadflies," from the Manhattan Institute for...
The chemical triclosan has been linked to cancer-cell growth and disrupted development in animals. Regulators are reviewing whether it’s safe to put in soap, cutting boards and toys. Consumer companies are phasing it out....
Source: The Guardian
Hugh Welsh saw his stock bonus cut last year when his firm missed its sustainability targets. But he’s still believes tying bonuses to environmental goals is the right thing to do
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