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Thursday, December 04, 2008
Thursday, December 04, 2008
Latest Procurement News
Posted: Thursday, January 10, 2008, 11:11AM
RELATED NEWS
- Olympic committee launches sustainability code
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26 Nov 08 - Report calls for fairtrade re-think
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10 Nov 08 - Ethical awareness sees change of sourcing approach at ASDA
31 Oct 08
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KNOWLEDGE MANAGEMENT TAGS
"Corporate Social Responsibility"
Sustainability “rewriting” rules for global business
Climate change is "rewriting" the rules for global business, according to a new report published by Worldwatch Institute.The study claims that as companies pour money into renewable energy projects and carbon trading schemes a more sustainable global economy is beginning to emerge.
"Once regarded as irrelevant to economic activity, environmental problems are drastically rewriting the rules for business, investors, and consumers, affecting over £50bn in annual capital flows," said the report's co-directors Gary Gardner and Thomas Prugh.
The independent research organisation revealed that an estimated £26bn was invested in renewable energy in 2006, a 33 per cent rise on the 2005 figure.
Carbon trading in 2006 was also running at nearly triple the level seen in 2005.
"We have the tools today to steer the global economy onto a sustainable path," Gardner and Prugh said.
"The task now is to bring them together and scale them up so that they become the norm across today's economies."
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