Fracking on the Rise in Water Stressed Regions
The water intensive practice of hydraulic fracturing is increasingly occurring in arid, water stressed regions, creating significant long-term water sourcing risks for companies operating in these regions as well as their investors.
In a new report, Hydraulic Fracturing and Water Stress: Water Demand by the Numbers, Ceres analyzed water use data from 39,294 oil and gas wells and found that nearly half of the wells were in regions with high or extremely high water stress. The report provides first-ever data on oil & gas companies’ water use and exposure to the most water stressed regions and includes recommendations for companies to improve their water management and mitigating their water sourcing risks.
“Water sourcing and management is becoming a key competitive advantage – and a critical risk – for oil and gas companies using hydraulic fracturing to unlock new reserves. Investors need the data to understand how companies are meeting these challenges on a regional or play-by-play basis in order to appropriately value companies and also engage with them to improve their practices,” said Steven Heim, Managing Director and Director of ESG Research and Shareholder Engagement at Boston Common Asset Management.
Download the report.
California Businesses Come Together to Call for action on U.S. Climate Change
Apple, SolarCity, San Diego International Airport, Sungevity, and Sapphire Energy have joined more than 750 companies in signing the Climate Declaration. Launched last year by Ceres and our BICEP network, the Climate Declaration is a call for action from businesses for policymakers to seize the economic opportunity of addressing
“As the world’s 8th largest economy, California is a champion of clean energy progress and innovation. Thanks in part to its smart energy policies including its landmark climate law, AB32, California has been a global leader in job creation, clean energy investments and GDP growth.”
The more than 140 California companies that have signed the Declaration are helping California lead the nation in renewable Learn more.
Sign the Climate Declaration.
SEC not adequately enforcing climate disclosure
According to a new Ceres report, The report, based on a survey of more than 40,000 “Investors want greater transparency on the business risks of climate change as a means to protect and increase shareholder value,” said Jim Coburn, co-author of the report and Senior Manager of Ceres’ Investor Program. “Yet the SEC is not adequately enforcing its own requirements.”
The report calls on the SEC to issue more comment letters to companies with inadequate Learn more.
Download the report.
Register for the Ceres Conference 2014!
Join us and more than 600 sustainability leaders at theApril 30th – May 1st in Boston to celebrate Ceres’s 25th anniversary and build a sustainable global Register by midnight tomorrow to take advantage of our Early Bird Registration Rates and save $100 on each registration.
Throughout the two-day program, attendees will engage on a broad range of topics, including sustainable agriculture, clean energy investment opportunities, and corporate sustainability for the 21st Century.
View our conference program and check back often for updates.
Ceres network company Levi Strauss & Co. has announced that it has successfully produced 100,000 pairs of jeans using 100% recycled water. Building on this, the company has also established a new standard for water recycling and reuse, based on previous guidelines.
As part of an effort to help companies transition to the G4 guidelines, the Global Reporting Initiative (GRI) has launched a G4 Content Index Tool and a G4 Brochure for New Reporters.
Ceres Network Company PG&E was the only American utility company and one of three globally recognized as a “Decoupling Leader” as part of the Natural Capital Leaders Index . Launched along with the 2014 State of Green Business Report, the Index recognizes companies that have grown in revenue between 2008-2012 while simultaneously reducing their environmental impacts. The company was noted as a leader for being among those who have most successfully decoupled revenue growth from natural capital impacts associated with their operations and supply chain.
Learn more about the Ceres Company Network
Investor Network on Climate Risk (INCR)
Mutual fund companies are showing stronger interest in climate change and its financial impacts on companies in their vast portfolios, according to new proxy voting data. During the 2013 proxy season, large mutual fund company support for climate-related shareholder resolutions reached an all-time high 29 percent, up from 27 percent in 2012 and roughly 50% higher than 2007’s voting support levels.
Learn more about INCR