BusinessWeek survey of sustainability & the financial bottom line in major multinational firms: "Beyond the Green Corporation"

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Article
29 January 2007

Beyond the Green Corporation

Author: Pete Engardio, BusinessWeek

A remarkable number of CEOs have begun to commit themselves to...sustainability goals..., even in profit-obsessed America.... [Sustainability is] about meeting humanity's needs without harming future generations. It was a favorite cause among economic development experts, human rights activists, and conservationists. But to many U.S. business leaders, sustainability just meant higher costs and smacked of earnest U.N. corporate-responsibility conferences and the utopian idealism of Western Europe. Now, sustainability is "right at the top of the agendas" of more U.S. CEOs,...says McKinsey Global Institute Chairman Lenny Mendonca... [T]here's a more sophisticated understanding that environmental and social practices can yield strategic advantages in an interconnected world of shifting customer loyalties and regulatory regimes. [Refers to positive steps by Unilever, General Electric, Wal-Mart, GlaxoSmithKline, Dow Chemical, Wendy's, ExxonMobil, Nokia, Ericsson, HSBC, ABN-Amro, HP, Dell, Sony, BP, Ford, Philips, BG Group, Shell, Petrobras; sustainability research & investing by Deutsche Bank, UBS, Citigroup, Morgan Stanley, Goldman Sachs, State Street. Also refers to Shell, Unocal (now part of Chevron), Target, McDonald's, Apple, Nintendo, PetroChina, ExxonMobil, Ford, BP]

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Article
29 January 2007

GlaxoSmithKline: Getting AIDS Drugs To More Sick People

Author: BusinessWeek

When Jean-Pierre Garnier took over as CEO of GlaxoSmithKline seven years ago, the company's reputation on corporate social responsibility was at its nadir. As part of a coalition of 39 pharmaceutical companies, the drugmaker was suing Nelson Mandela's South African government for voiding patents on prescription drugs. Mandela's top priority was giving desperately sick patients access to HIV treatments, and GSK...was standing in the way. "It was a public relations disaster," Garnier concedes. The experience convinced Garnier that GSK should lead the crusade to improve access to medicine. In 2001, GSK became the first major drugmaker to sell its AIDS medicines at cost in 100 countries worldwide...GSK [now] sells 90% of its vaccines, in volume terms, at not-for-profit prices to customers in the developing world.

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Article
29 January 2007

Wal-Mart: Big Strides To Become The Jolly Green Giant

Author: BusinessWeek

By CEO H. Lee Scott Jr.'s own admission, the [adoption of green strategies] at Wal-Mart Stores Inc. began in self-defense. Surveys showed that the retail giant's image had taken such a beating that some customers were staying away. So Scott huddled with environmentalists, hired consultants, and came up with goals that astonished even some activists... Wal-Mart still faces an uphill battle. A 2005 Innovest report on the company gave it the lowest rating. An update to that report will rank it higher, but far from the top. "Their failings on the social side are so strong," says Innovest analyst Elizabeth Lipton.

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Article
1 January 2007

The Global 100 - Role models in sustainable business practices

Author: Innovest Strategic Value Advisors

The companies below are deemed to have the best developed abilities, relative to their industry peers, to manage environmental, social and governance risks, and to take advantage of new business opportunities in this area. [Global 100: ABN Amro, Accor, Adecco, Adidas Salomon, Advanced Micro Devices (AMD) , Agilent, Air France-KLM, Alcan, Alcoa, American International Group (AIG), Atlas Copco, BASF, Baxter, Benesse, British Airways, British Land, British Sky Broadcasting, BT Group, Cable & Wireless, Centrica, Coca Cola, Daikin Industries, Daiwa Securities, Denso, Dexia, Diageo, East Japan Railway, Eastman Kodak, Electrocomponents, Enbridge, FPL Group, Fresenius Medical Care, Gamesa, General Electric, Genzyme, Goldman Sachs, Google, Groupe Danone, Grupo Ferrovial, HBOS, Henkel, Hewlett-Packard (HP) , Holmen, HSBC, Iberdrola, Inditex, Indra Sistemas, ING, Insurance Australia Group, Intel, Investa Property Group, Johnson Matthey, JP Morgan Chase, Kesko, Kingfisher, Kuraray, Lafarge, Land Securities, Marks & Spencer, Mayr-Melnhof Karton, Mitsubishi Heavy Industries, Neste Oil, Nike, Nippon Yusen (NYK Line), Nokia, Nomura, Novo Nordisk, Novozymes, NTT Docomo, PagesJaunes, Pearson , Philips, Pinnacle West Capital, Ricoh, Roche, Royal Bank Of Canada, Royal Dutch Shell, Sainsbury, SAP, SCA, Scania, Schlumberger, Scottish & Southern Energy, Severn Trent, Smith & Nephew, Storebrand, Sun Life Financial, Swiss Re, Toppan Printing, Toyota, Transcanada, Unibail, Unilever, United Technologies, Vestas Windsystems, Walt Disney, Westpac Banking, Whitbread, George Wimpey, Yell Group]

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