Monday, July 17, 2006

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GreenBiz.com's GreenBuzz - Published Weekly July 17, 2006
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Taking Care of Business

Last April the United Nations released its Principles for Responsible Investment, a series of guidelines to help institutional investors better identify “non-traditional financial fitness factors” such as environmental and social responsibility. In the latest edition of our monthly Responsible Investment Forum, host Steve Schueth has the rundown.

On a related note, major financial institutions have taken another whack at the Equator Principles, an industry-wide benchmark for managing environmental and social risk. The revised guidelines were released last week.

Finally, Sustainable MBA columnist Kirsten Liegmann wants to know: Who needs money anyway?

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Headlines
The Latest News on Business and the Environment

Healthcare Engineering Group Commits to Energy Efficiency
The American Society for Healthcare Engineering has announced it is joining the U.S. EPA's Energy Star Challenge, making a public commitment to improve energy efficiency in hospitals by 10%.

Bayer Reports Emissions Reductions Despite Higher Production Volumes
Despite an increase in production, the Bayer Group cut greenhouse gas emissions by 7% in 2005, according to the company's newly published Sustainable Development Report.

Ricoh to Ask Suppliers to Reduce CO2 Emissions
Ricoh Co., a major Japanese manufacturer of office equipment and supplies, will ask its suppliers of parts and other materials to reduce their carbon dioxide emissions as part of its green procurement activities.

Major Manufacturer Joins EPA's Green Suppliers Network
Industrial manufacturer Eaton Corporation joins a group of large manufacturers committed to sharing both lean -- and clean -- manufacturing techniques and environmental process improvements with their small and medium-sized suppliers.

Financial Institutions Revise Equator Principles for Environmental and Social Risk Management
The revision underscores how far the financial sector has progressed in embedding in the project finance arena a common set of best practices to manage social and environmental risks related to project financing.

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Resources and Tools
A Wealth of Hands-On Help

Cleaner Production in the Hospitality Industry
This booklet shows how implementing efficiency measures based on energy, water, and waste assessments can translate into significant savings for hotels.

Strategic Energy Management
Managing energy does not necessarily require a formal system; any firm can improve their energy performance by following a few simple techniques. By Andrew Parish, Sustainable Energy Ireland

Investor Guide to Climate Risk
Online guide identifies ten key action steps for plan sponsors and fund managers as well as the companies in which they invest.


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Columns and Features
Insight and Inspiration from the Experts

Responsible Investment Forum: The United Nations' New Guidelines
Socially responsible investment strategies serve as the foundation for the United Nations' new Principles for Responsible Investment. But most of the investment management and mutual fund companies who serve socially conscious investors have been operating in a manner consistent with the U.N. Principles for years -- it's what differentiates us in the marketplace.

Beyond Bills: Using Complementary Currencies to Diversify Risk and Create Sustainable Economies
This ancient method of exchange not only has the benefit of diversifying the risk associated with being tied solely to a national currency but also assisting in creating more sustainable communities and local economies. By Kirsten Liegmann

Wanna write for GreenBiz?Let us know if you'd like to write a guest column or feature reflecting your experiences or opinions in the environmental business world. Send a brief query to Editor@greenbiz.com | Read our editorial guidelines

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What's New?

We’ve added two more titles to the GreenBiz Bookstore!

True to Yourself: Leading a Values-Based Business
Practical advice on how entrepreneurs can combine profit with purpose, margin with mission, and value with values.

The Future of Sustainability
This book provides a broad discussion on sustainable development, rethinking and improving its effectiveness as a paradigm of today and tomorrow by bringing together the visions and contributions of highly esteemed thinkers on the subject.

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