1989, Boston; mobilizing business for a sust world; carbon asset risk
(1989, Boston; www.ceres.org).
Founded largely in response to the Exxon Valdez oil spill. Mission: “Mobilizing investor and business leadership to build a thriving, sustainable global economy.” Advocates for: accounting standards that abolish the concept of free pollution; higher standards of business leadership; accelerating innovation policies that reward sustainability performance. Created the Ceres Coalition comprised of more than 130 organizations to promote sustainability by incorporating environmental and social factors into their decision-making. Organizations range from the AFL-CIO to the Episcopal Ecological Network to the World Wildlife Fund. Additionally, Ceres directs the Investor Network on Climate Risk (INCR), an alliance of 100 leading investors collectively managing more than $10 trillion in assets to leverage shareholder power via shareholder resolutions, and face-to-face meetings to secure meaningful commitments on sustainability issues.
Specific initiatives: 1) The Clean Trillion: to limit global warming to 2°C and avoid the worst effects of climate change, the world needs to invest an additional $44 trillion in clean energy—more than $1 trillion per year for the next 36 years; 2) Climate Change: working with over 70 companies; 3) Carbon Asset Risk: 75 global investors, representing more than $3 trillion in assets, are addressing these vulnerabilities with the world’s largest fossil fuel companies; 4) Energy: spearheading investor initiatives that will reduce carbon emissions, increase energy efficiency measures and use of renewable energy sources and improve power grid technologies to deliver cleaner energy; 5) Water: reshaping how water utilities, oil and gas, and agriculture–responsible for >90% of US water consumption–value water; 6) Supply Chain: supporting collaboration through the Supplier Self-Assessment Questionnaire to advance worker well-being in such countries as Cambodia and Haiti. Resources include reports, podcasts, videos and tools e.g., the Aqua Gauge for evaluating a company’s existing approach to water risk management. Budget: ~$8.5M/year; Board Chair: Anne Stausboll (CEO, CALPERS); Chair of the President’s Council: Marcia Bateson (former CFO, J.P. Morgan Partners); President: Mindy Lubber (firstname.lastname@example.org). 65 staff.