13 Jun '11, 4pm

Global Initiative Aims for Standardized Sustainability Ratings

For more than a decade, sustainability ratings have measured the social equity and environmental stewardship of companies and their major investors. But the proliferation of sustainability ratings providers has also spawned inconsistent and often opaque approaches. As a result, Ceres and Tellus Institute have launched an initiative to create and bring to widespread adoption a single standard for rating the sustainability performance of companies. The two organizations, known for their advocacy work wih companies and investors, say the moment is right for creation of an independent, non-commercial framework that builds on the current system's strengths and, corrects its shortcomings. Such a system, they say, will unleash the full power of ratings to drive sustainability deep into capital, procurement and consumer markets "We need a new powerful instrument to steer capital -...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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