Archive for the ‘Business News’ Category

Teachers’ Pensions Come From Coal?

Do you know where your pension coming from? For some US teachers, it’s Chinese coal.

The Chinese coal industry is known for its lucrative returns: the China Shenhua Energy Co. gained 65% from July to September, and many investors claim they can’t afford not to be in China. In fact, 20% of Shenhua’s stock is held by U.S. investors — one of whom is the Teachers Retirement System of Texas.

But China’s coal is also a huge polluter. According to the New York Times, China uses more coal than the US, the EU, and Japan combined, contributing an enormous amount of CO2 to the atmosphere. Coal-fired plants emit more than 60 different hazardous air pollutants. The large amounts of sulfur dioxide produced by Chinese coal cause acid rain, which pollutes water sources. But because of China’s rapidly advancing economy, the country needs energy — fast and cheap. Coal-fired plants are much cheaper and quicker to build than natural gas, nuclear, or hydroelectric plants, and it’s widely available.

China’s booming coal industry is also harmful to its citizens, producing so much sulfur dioxide that the World Bank estimated 400,000 premature deaths happen each year due to pollution-related illnesses. Not only that, but as much as 40% of air pollution in South Korea and Japan is believed to originate in China, and many experts believe that pollution from China is reaching the western part of the United States.

Do Texas teachers know where their pensions are coming from? For that matter, are other teacher retirement systems investing in Chinese Big Coal? I checked out Missouri’s Public School Retirement System, in which my husband and I have each invested. With my little financial knowledge, I was able to determine that PSRS has invested with Merrill Lynch, which is a shareholder in Shenhua. Just how much of my money is in coal remains to be seen. Looks like it’s time to work towards divestment…

Source: Associated Press

REI Creates “Eco-Sensitive” Clothing

The great outdoors and environmental sustainability have long gone hand in hand, and many outdoors-gear companies have been leaders in sustainable business practices. Patagonia, Keen, and Teko have been pioneers in producing gear that uses lower-impact materials (like organics) or recycled materials (like PET bottles). Now, outfitter super cooperative REI is getting into the act, incorporating more sustainable materials into their line of clothing.

"Our eco-sensitive offerings are the next step in our journey to reduce REI’s overall company environmental footprint," added Kelly Stone, REI Gear & Apparel director of sales and marketing. "As with every offering that carries our brand, REI’s eco-sensitive items deliver on our promise of functionality, quality and great style that our members and customers expect."

Utilizing organic cotton, hemp, bamboo, recycled PET, and organic wool, REI has created both men’s and women’s apparel that they believe meet standards for improved environmental performance. Men’s items range from organic cotton/recycled PET polyester cargo pants and t-shirts, to organic cotton hoodies, to recycled PET fleece parkas, jackets, and vests. The women’s line includes recycled PET fleece jackets, hemp/recycled PET skirts and pants, and organic cotton t-shirts & hats. REI plans to increase the amount of "eco-senstive" products offered in coming seasons.

This year, REI also implemented a labeling system that alerts customers to REI products that are eco-sensitive. Both items and signage in their retail stores easily identifies eco-sensitive production, and indicates what greener materials were used. REI’s website is refreshingly transparent. When listing their eco-senstive materials, they included pros and cons of each item, acknowledging that some "greener" materials come at a cost, whether that be financial or environmental. This allows consumers to make more informed decisions when purchasing clothing. REI’s commitment to stewardship and sustainability is evident from their annual stewardship report, which showcases their progressive commitment to becoming climate neutral by 2020, building green buildings, using paper more responsibly, and reducing waste and packaging.

Kelli says: My husband loves his Slickrock pants. They’re comfortable, affordable, versatile (suitable hiking AND teaching) and, best of all, a little more sustainable. Oh yeah, he says they have awesome pockets, too. I’ve got my eye on the decidedly un-hippie hemp skirt I mentioned above.

Colorado State Begins Sustainable MBA

Joining multiple established sustainability-focused MBA programs across the US, Colorado State University unveiled its new Global Social and Sustainable Enterprise program this spring. The program, which begins in August and includes 23 students from around the world in its first class, will combine a traditional MBA with core coursework in social, environmental, and economic sustainability. Students will particularly examine the global problems of poverty, environmental degradation, and community health.

The program’s mission, according to it’s website, is to take business to a level "where business innovations lift up the human condition and rebuild our planet’s capital." All students will spend a summer doing fieldwork that involves implementing sustainable business projects created during their time in the program. "At the core though, this program is about studying, creating and leading innovative new organizations that see these great challenges as great opportunities," said Paul Hudnut, director of the program.

Colorado State has a long tradition of addressing needs in developing countries: the Peace Corps has roots there, and engineering and business students more recently collaborated to create new sustainable technology such as a cleaner-burning biomass stove that generates energy stored in a battery for later use, to be implemented in the Philippines, India, and Vietnam. CSU is also the birthplace of EnviroFit’s two-stroke engine retrofit kit, designed to reduce emissions of tricycle taxis in the Philippines.

David vs. Goliath? Miracle-Gro Sues TerraCycle

comparisonI recently profiled the success of TerraCycle, the New Jersey corporation selling worm tea from vermicomposting in reclaimed plastic soda bottles. Looks like bigger corporations are starting to notice Terra Cycle–and not in a good way.

The Scotts Miracle-Gro Company has filed a suit against TerraCycle, claiming their plant food bottle looks too much like their own Miracle-Gro bottles; both bottles, though dramatically different, both have yellow and green on their lables along with pictures of flowers and vegetables. Interestingly, at least 120 other lawn and garden products currently on the market also have green and yellow packaging.

Scotts is also demanding that TerraCycle hand over results of scientific tests conducted at Rutgers University that support the eco-friendly company's claim that their plant food is "as good or better than the leading synthetic plant food", although Scotts has refused to hand over their own similar study to TerraCycle.

Further investigation notes that Scotts, whose annual sales total an estimated $2.2 billion, has sued 20 different competitors for infringement of intellectual property in the past ten years. TerraCycle, whose annual sales came in at an estimated $1.5 million, has started a blog documenting the David versus Goliath drama. You can find more information there, including information on how you can help.

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