Friday, June 6, 2008

U.S. carbon-capping climate bill dies in Senate

Fri Jun 6, 2008 9:38am EDT

WASHINGTON (Reuters) - U.S. legislation that would have set up a cap-and-trade system to limit climate-warming carbon emissions died on Friday after a procedural vote in the Senate.

The bill aimed to cut total U.S. global warming emissions by 66 percent by 2050. Opponents said it would cost U.S. jobs and raise fuel prices in an already pinched American economy.

Thursday, June 5, 2008

# 7 Procter and Gamble (P&G)

P&G is committed to social responsibility. We are always seeking ways to better integrate economic progress, social development and environmental concerns to ensure a better quality of life for future generations.

We demonstrate our commitment to social responsibility by providing products and services that improve consumers' lives, in terms of health, hygiene and convenience. On a smaller scale, we contribute to the economic and social well-being of our employees, our shareholders and the local communities in which we operate. On a larger scale, we are involved in regional, national and international development. P&G contributes to social responsibility both in principle and in action.

1. What is "Sustainability," and what does this mean to P&G?
P&G embraces the UK government definition of sustainability, which says: "Sustainable Development is a very simple idea. It is about ensuring a better quality of life for everyone, now and for generations to come." This definition speaks to a better quality of life for everyone, both in the developed and the developing world. It also is aspirational and aligns very well with our Statement of Purpose.

Sustainability integrates economic development, environmental protection and social responsibility. For P&G, sustainability provides us with a holistic approach to address the moral and ethical values of our consumers and other key stakeholders, along with their simultaneous desire for a higher and more rewarding quality of life. Sustainability provides an opportunity to build our business by bringing P&G technologies and innovation to address the values, concerns and frustrations that consumers face in their everyday lives. . .nutrition, litter, water-borne diseases, sanitation, health care, time available to spend with family, etc.

2. What is P&G's position on Sustainable Development?
P&G believes that improving the lives of the world's consumers encompasses the three pillars of Sustainability: Economic Development, Environmental Protection and Social Responsibility. We contribute to improving quality of life for people around the world both through what we do (providing goods and services to improve lives) and how we do it (through Corporate Social Responsibility).

There are two key focus areas that are integral to the success of P&G's business:

  1. Corporate Social Responsibility
  2. Sustainable production and consumption of products

To support these areas, the Company upholds the following basic principles:

  1. Conducting business with integrity and a core value to "do the right thing"
  2. A global free market, governed by the rule of law
  3. A climate of innovation
  4. Decisions based on sound science
  5. Freedom of consumer choice

3. How is P&G organized to meet Sustainability requirements?
P&G Global Sustainability was formed in July 1999 as a global organization. The Global Sustainability department focuses on defining P&G’s overall Sustainability policy, identifying emerging Sustainability issues, managing Corporate Sustainability Reporting, building external relation and assisting the business units to incorporate Sustainable Development into their businesses.

4. What is the vision of P&G Global Sustainability?
Our vision is to help P&G become a Sustainable Corporation by delivering unique solutions to improve lives, protect the environment and build shareholder value with the support of our consumers, employees, communities, shareholders, governments and thought leaders.

5. How is this concept being used in P&G's business?
We decided to focus on areas where we can make a positive difference. We chose two key themes, significant to a variety of P&G's businesses. They are (1) water and (2) health and hygiene. These focus areas support our ongoing work to understand issues concerning water availability, quality and quantity, and health, hygiene and nutritional issues.

6. Does P&G report on Sustainability topics?
Yes, we produce an annual Internet-based global Sustainability Report. P&G prepared its first Sustainability Report in October, 1999. Previously, we had been producing separate reports on environmental, economic and social performance for several years, but we now have linked these issues together in a Sustainable Development report. We are using a report format developed by the Global Reporting Initiative (GRI). Copies of our Sustainability Reports are available at

7. What is the Global Reporting Initiative (GRI)? Why is P&G following their guidelines?
The GRI provides a common format for Sustainability Reporting that assists both the organization providing the report and those using the report as a key source of data. The GRI consists of multinational corporations, Non-Governmental Organizations (NGOs), international associations, universities and other stakeholders from around the world. More information can be found at their Web site at:

P&G decided to pilot the GRI guidelines for its first Sustainability Report because it offered a consistent format for gathering economic, social and environmental performance trend data and reporting this information on a global basis.

8. Has P&G been rated by the Dow Jones Sustainability Group Index (DJSI)?
For 2007, P&G is ranked as the leading company in the consumer, non-cyclical market sector of the Dow Jones Sustainability Group Index. This is the seventh year in a row that P&G has been ranked first.