At Environmental Defense Fund, we believe that environmental progress and economic growth can and must go hand in hand. EDF+Business works with leading companies and investors to raise the bar for corporate sustainability leadership by setting aggressive, science-based goals; collaborating for scale across industries and global supply chains; publicly supporting smart environmental safeguards; and, accelerating environmental innovation.
This is the fourth in a series of interviews exploring trends in sustainability leadership as part of our effort to pave the way to a thriving economy and a healthy environment.
Dave Stangis has dedicated over three decades of his career to steering sustainability and corporate social responsibility (CSR) efforts at two iconic American companies, Intel and Campbell Soup Company. As Vice President of Corporate Responsibility and Chief Sustainability Officer at Campbell, Dave has built the company’s reputation for setting a high bar on sustainability and corporate responsibility in the food industry. Case in point: Campbell was recognized as a top corporate citizen by Corporate Responsibility Magazine for the eighth consecutive year.
Campbell set an ambitious goal to cut the environmental footprint of its product portfolio in half by 2020, which entails reducing energy use by 35 percent, recycling 95 percent of its global waste stream, and sourcing 40 percent of the company’s electricity from renewable or alternative energy sources.
I recently spoke with Dave to learn about his approach to setting big sustainability goals, the role of technology and innovation in building a more sustainable food system, and which kind of beer goes best with a bowl of soup. Below is an edited transcript of our discussion.
Just yesterday, the administration announced plans to cut the Department of Energy’s (DOE) renewable energy and energy efficiency program budgets by 72 percent according to a leaked draft of the DOE budget for fiscal year 2019. This is the second major blow to the renewable energy industry, coming only days after Trump imposed a 30% tariff on solar imports.
I find this ironic. On Tuesday, Trump stood before our country to deliver his first State of the Union address. It was a story on “America First” and domestic policy took the center stage – tax cuts, trade, the economy, jobs…and more jobs. But as he praised the accomplishments in these issues over the past year, I couldn’t help but see the other side: the opportunities we’re missing and the jobs we’re giving up (now even more so).
No business is immune to the devastating effects of climate change anymore, as we saw from the onslaught of extreme weather events in 2017. Disasters brought more than $300 billion in damages this year, a 60-percent increase over 2016, Swiss Re reported last week.
As every business leader has long known, storms, flooding, wildfires and other calamities all threaten to disrupt their operations and growth, and can even affect an entire supply chain.
What’s new is that shareholders and potential investors are also now aware of the risk that extreme weather and natural disasters pose to “doing business as usual.”
Unsurprisingly, a growing number of companies are factoring resilience to climate change into their operations. It’s about the bottom line: Making a company more resilient is an investment in business continuity, shareholder value and overall performance.
In an affront to the health of all Americans, U.S. EPA Administrator Scott Pruitt is trying to reopen a loophole for super-polluting glider trucks. This action reflects the worst of Washington politics: a special deal for the benefit of a single company; a sloppy, industry-funded analysis; and a process that shuts out EPA’s own staff expertise.
It has the potential to add thousands of super-polluting trucks to our roads, spewing 40 times more pollution than new trucks and leading to more than 6,000 premature deaths by 2021.
The question every company in America that uses trucking services must ask is: Do you want these trucks backing up to your loading dock?
At Environmental Defense Fund, we believe that environmental progress and economic growth can and must go hand in hand. EDF+Business works with leading companies and investors to raise the bar for corporate sustainability leadership by setting aggressive, science-based goals; collaborating for scale across industries and global supply chains; and publicly supporting smart environmental safeguards.
This is the second in a series of interviews exploring trends in sustainability leadership as part of our effort to pave the way to a thriving economy and a healthy environment.
As head of the Smithfield Foods’ sustainability program, Stewart Leeth focuses on animal welfare, employee relations, environmental stewardship, food safety and quality, and community development.
EDF has been collaborating with Smithfield for several years now to help farmers optimize fertilizer applications to grow grain for animal feed – and I’m inspired to see the progress that has been made in this arena. But I think this past year was likely the busiest ever for Stewart and his team at Smithfield after they made an industry-leading commitment to reduce greenhouse gas emissions.
When I worked on the trading floor at Goldman Sachs, one of the major services we provided our corporate clients was risk management. Sitting on the commodity desk, we bought and sold financial products that allowed the world’s biggest consumers and producers to manage their exposure to the often fluctuating price of natural resources like aluminum, crude oil, and natural gas. Companies take action to manage this price risk in order to provide long-term stability for the company and its investors.
Now as a member of the EDF+Business team, I focus on a different kind of risk: climate risk. And just like financial risk, it needs to be managed for the long-term benefit of all stakeholders involved.
US businesses turned out in force at COP 23 in Bonn, demonstrating to the rest of the world that they are committed to action on climate change, despite the US government’s withdrawal from the Paris Agreement. In fact, 2017 has been a banner year for corporate climate leadership: over 1700 businesses signed the We Are Still In declaration, and nearly half of all Fortune 500 companies now have climate and clean energy goals.
Now, there’s an immediate opportunity for companies to show leadership on climate change here at home: speaking up in defense of the Clean Power Plan, which the current Administration wants to eliminate but is still very much in play.
Here are three reasons for your business to publicly defend the Clean Power Plan before the EPA comment period ends on April 26, 2018.
Photo credit: Rhys Gerholdt (WRI)
After the United Nations Climate Change Conference in Paris (COP 21) in 2015, where the historic climate accord was established, it was near impossible to imagine a future COP where the US federal government wouldn’t play a central role. Yet now, at COP 23 in Bonn, Germany, the US government doesn’t have an official presence at the event – for the first time ever.
To fill the void of federal policy action, companies and organizations from across the US are voicing their support for the Paris agreement at the U.S. Climate Action Center, a pavilion sponsored exclusively by non-federal US stakeholders.
The Climate Action Center is an initiative of the We Are Still In coalition of cities, states, tribes, universities, and businesses that are committed to the Paris Agreement. Thus far over 1,700 businesses including Apple, Amazon, Campbell Soup, Nike, NRG Energy and Target have signed the We Are Still In declaration – evidence that public climate commitments are quickly becoming the norm.
With all economic and environmental indicators pointing towards a clean energy future … the Trump administration continues to move the U.S. backwards by repealing the Clean Power Plan.
While disheartening at a personal level, at a professional level I see no signs of the private sector retreating from the clean energy economy. Leading companies are zeroing in on the strategic moves that strengthen long-term business resilience.
Right now there is a broad and diverse coalition supporting the Clean Power Plan, including 18 states, 60 municipalities in red and blue states, some of the nation’s leading power companies, consumer and ratepayer advocates, faith organizations, public health associations, small business associations, iconic corporate leaders like Apple, Google, and Mars, and many others.
We’re too far down the road to a clean energy economy to turn back now. Read more
Environmental Defense Fund Q&A with Tim Goodman, Director of Engagement at Hermes Investment Management
Tim Goodman, Director of Engagement at Hermes Investment Management
Early oil and gas industry adopters of methane management strategies and technologies are starting to see these reductions as an opportunity to gain a competitive edge.
Just last week, ExxonMobil announced a new methane reduction program for its XTO Energy subsidiary, underscoring that the industry is paying close attention to the issue.
Methane, the main ingredient in natural gas, is leaked and vented across the oil and gas supply chain every day as the world energy mix shifts towards greater natural gas usage, according to the International Energy Agency. The oil and gas industry wastes billions of dollars a year of methane that simultaneously acts as a climate change accelerator, harming the brand of natural gas as a cheap and clean fuel source. Methane is 84 times more powerful as a heat-trapper than carbon in its first 20 years in the atmosphere. Read more