Why Fighting Climate Change is Good Business

Tackling climate change isn’t risky businesses. In fact, it’s quite the opposite.
As Co.Exist reports, corporations that are taking action on climate change are seeing more profits, better stability and offer stronger dividends to shareholders compared to other businesses. Climate-aware companies have “an 18 percent higher return on equity (ROE) than their peers, and a 67 percent higher ROE than companies that don’t disclose climate change-related actions,” and have “50 percent lower volatility in earnings over the last 10 years and 21 percent strong dividends to shareholders than companies with less transparency,” the publication writes.
These findings are based on information from the CDP (the not-for-profit organization formerly known as the Climate Disclosure Project, that allows corporations to reveal their environmental information) and its 14th annual CDP Global 500 Climate Change Report.
For the report, the CDP surveyed nearly 2,000 major international companies on their green initiatives and what they’ve done to curb emissions for the past year. From that information, the CDP created its first-ever “A List” — an index of 187 companies that are “climate performance leaders,” according to a press release. About 30 companies on the list are American, including Microsoft, Google, CVS Health, Lockheed Martin and Bank of America.
MORE: 5 Very Simple, Practical Things You Can Do to Curb Climate Change
“The A List represents just nine percent of the 1,971 companies scored this year but accounts for US$23 billion of the annual investment to reduce carbon emissions – just under half of the US$50 billion invested by the full sample,” the release states.
Encouragingly, even businesses in unlikely industries are adapting to the needs of a warming planet. Scientific American reports from the CDP report that General Motors, for example, reduced greenhouse gas emissions by 244,000 metric tons a year by “developing and promoting more fuel-efficient vehicles, adopting energy efficiency programs at its plants, and tweaking its supply chain to move more vehicles by rail instead of on highways,” which ultimately saved the auto-giant $287 million.
It’s more important than ever to be planetary stewards. The overwhelming takeaway from the newest climate report from the Intergovernmental Panel on Climate Change (IPCC) is that there’s no time to lose to mitigate climate change. However, if international governments and corporations act now, the worst can be avoided.
As Paul Simpson, chief executive officer of the CDP, says in a statement,”The businesses that have made it onto our first ever global list of climate performance leaders are to be congratulated for their progress; they debunk economic arguments against reducing emissions. However, global emissions continue to rise at an alarming rate. Businesses and governments must raise their climate ambition. The data shows that there is neither an excuse nor the time for lethargy.”
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Inside the Race to Build an Affordable Electric Vehicle

One of the main reasons why electric vehicles (EV) haven’t quite caught on in this country? Their cost. But back in July, Tesla Motors CEO Elon Musk announced news that lots of people were waiting to hear — that his car company is working on the first EV for the mainstream.
Called the Model 3, Musk claims that the car (targeted for release in 2016 and available to the general public in 2017) will cost $35,000 and can travel 200 miles on a single charge. The only other major EV that can reach 200-something miles is the Tesla Model S, which starts at a much more costly $70,000.
If the Model 3 succeeds, Tesla could dominate a very niche and profitable sector. But not if General Motors gets there first.
MORE: Tesla’s Brilliant — and Generous — Move to Help Save the Planet
Quartz recently detailed the tense and exciting battle between the two auto companies vying to make the first mass-market electric car. Here, some of the most interesting findings:
1. Tesla or GM could sell a LOT of electric cars. Like the highly popular and desirable BMW 3 series, there is a serious market for entry-level luxury cars. And now that consumers are more open to plug-ins, plus the trendiness of sustainable products, the sky’s the limit. Experts tell Quartz that the potential of an affordable 200-mile EV could really sway buyers to make the switch to electric, since that’s the point at which people no longer feel scared about their battery running out of juice in the middle of nowhere. Sales of electric cars — which currently stand at 2,000 to 3,000 vehicles a month — could swell to 15 to 20 times that amount once this technology proves successful, Quartz reports.
2. Tesla’s “gigafactory.” The reason why EVs are currently so expensive: batteries are costly. However, as technology improves, batteries will get cheaper. For example, the Tesla Model S lithium-ion battery currently costs about $15,000 per car, but Musk is building an enormous plant called the “gigafactory” that aims to double the global production of batteries — thus cutting expenses. Musk expects his new batteries will cost about $10,500 each.
3. GM is worried. Can a 106-year-old car company (riddled with controversy and recalls) actually compete against the technological whizzbangery of 10-year-old Tesla and its charismatic rockstar of a CEO? Steve Girsky, GM’s vice chairman, says that former GM CEO Dan Akerson was worried about Tesla and assigned a small team to study Musk’s EV’s and how it might threaten GM’s business.
4. GM, however, has a card up its sleeve. Tesla isn’t the only one working on a cheaper super battery. According to Quartz, Korean chemical company LG Chemical is working on their own battery that could be 200-mile ready by 2016. And while LG hasn’t said which automaker is getting the battery, since LG is GM’s supplier, we have a good guess as to which company will get it.
5. Still, the smart money is on Tesla. “We just haven’t seen any incumbent carmaker that has been able to make a compelling plug-in car in the way that Tesla has,” Navigant’s Sam Jaffe tells Quartz.
The drama between Tesla and GM is already exciting, but the best part about this EV battle? The planet is much better off for it. With so many environmentally friendly cars potentially flooding our roads, this would reduce the demand on fossil fuels and maybe, one day, even put a serious dent in the earth-damaging oil industry.
Competition spurs the best in innovation and as Tesla spokesperson Simon Sproule said after Musk surprisingly released his electric car patents to all in June, “The mission of the company is to accelerate the widespread adoption of electric cars. If Tesla acts as the catalyst for other manufacturers … that will have been achieved.”
Guess we only have to wait two years to find out which company comes out on top.
DON’T MISS: Instead of Letting Veterans Struggle Post Service, GM Trains Them for Dealership Employment

Instead of Letting Veterans Struggle Post Service, GM Trains Them for Dealership Employment

Many Army veterans know a thing or to about maintaining vehicles. And if they can keep a tank running smoothly, fixing a car should be a piece of cake, right?
That’s what General Motors and Raytheon think, which is why the two companies are teaming up with the U.S. Army to offer veterans jobs in car dealerships. According to David Shepardson of The Detroit News, GM has more car lots than any other auto maker in the U.S. — 4,300 of them, to be exact — and the company estimates it’ll need 2,500 technicians to staff them in the coming years. And with the Army planning to reduce its size from 574,000 to 450,000, there will be thousands of veterans looking for good jobs.
So kicking off this month at Fort Hood in Killeen, Texas, is the 12-week-long Shifting Gears: Automotive Technician Training Program. In order for Army members to obtain the skills needed to gain a civilian job before they’re discharged, the Raytheon-developed program is held on the base. GM pays for the training and connect graduates from it to jobs in their dealerships across the country.
Lynn Dugle, president of Raytheon Intelligence, Information and Services, says, “Young Army veterans face unemployment rates that are more than double the national average. Raytheon sees this partnership with GM and the Army as an opportunity to reduce those alarming statistics by helping position former service members for new opportunities.”
U.S. Army Lt. Gen. Howard Bromberg, deputy chief of staff for personnel, said at the Pentagon event, “Soldiers transitioning to civilian life bring exceptional training, values and experience to American communities and their civilian workforce. Properly supporting our veterans requires a team approach from the Army, other government agencies and the local community.”
Along with GM and Raytheon, more and more companies, including Tesla and Microsoft, are stepping up to help veterans transition into civilian jobs. Here’s to hoping that this assistance continue to trend.
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