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Business for Democracy and ASBC Lead Effort to Overturn Citizens United v. FEC

The Business for Democracy Campaign, which the American Sustainable Business Council is spearheading in partnership with Free Speech for People is tackling the compelling issue of corporate contributions to political campaigns.

The U.S. Supreme Court’s Citizens United v. FEC decision on January 21, 2010 allows corporations to spend unlimited funds to support or oppose candidates for political office, overturning campaign finance laws in place for decades. The Business for Democracy campaign is an initiative of business leaders and their companies who believe this ruling is in direct conflict with American democratic principles and a serious threat to good government. The campaign supports the four members of the Supreme Court and the 80 percent of Americans who disagree with the decision (Washington Post poll, Feb. 17, 2010).

If you'd like your business to join this effort, you can sign the statement of support here or here.

Rio+20: negotiations falter amid deluge of corporate commitments

Rio+20: negotiations falter amid deluge of corporate commitments
Businesses have announced a raft of commitments and unveiled numerous reports on sustainable development, as the Rio+20 negotiations enter their final phase. More >>>

Sustainability reporting falling among large corporations
Regulation is required to reverse a fall since 2008 in the percentage of large companies reporting sustainability data, according to Aviva Investors. More >>>

Better together
Moribund markets in US renewable energy certificates could be boosted by more standardisation, reports Gloria Gonzalez

Investors yet to respond to ?640bn EU EED opportunity
Implementing the EU Energy Efficiency Directive will require investment totalling ?640 billion ($808 billion), according to a study by the Danish Energy Agency ? although investors are awaiting national-level implementation. More >>>

Water disclosure rising, but so is the risk ? Ceres
More US companies are disclosing information on water risk exposures following changes to filing requirements made by the US Securities and Exchange Commission in 2010, according to a Ceres report, but more needs to be done, the investor and environmental coalition says. More >>>

PRI to explore sustainability ?value-add? for private equity
The Principles for Responsible Investment is studying how sustainability management can enhance private equity returns. More >>>

Standard Chartered wins FT/IFC sustainable finance award
Standard Chartered has been named Global Sustainable Bank of the Year at the Financial Times/International Finance Corporation Sustainable Finance Awards, while impact investment firm Bridges Ventures was given an award for excellence. More >>>

Welspun Energy invests $250m in Indian wind power
An Indian renewable energy company is investing $250 million in two wind energy projects in the Indian state of Karnataka, and is raising $750 million in debt from unnamed banks to finance the projects. More >>>

Turning on the taps
Might multinationals be persuaded to invest in water infrastructure in the growth markets of the future? It might make sense for them as well as for their potential customers, suggests Alex Money

Pacific Carbon Trust issues RFP for bio-coal offsets
Offset company Pacific Carbon Trust has issued a request for proposals for emission reductions from bio-coal in British Columbia. More >>>

 

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