NEW YORK--This Valentine's Day, the Investor Summit on Climate Risk at the United Nations will woo many climate investing thought-leaders--such as venture capitalist Vinod Khosla and Goldman Sachs Chief Investment Strategist Abby Joseph Cohen--to prioritize their love for Mother Earth (and money.)
Companies and investors increasingly recognize that climate solutions present prospects for profit--and the profit motive may advance environmental solutions more efficiently than anything else.
Summit attendees can rest easier sending chocolate to their sweethearts to make up for their absence, as the launch of the International Cocoa Verification Board promises to bring greater social and environmental responsibility to the West African chocolate trade. A multi-stakeholder initiative bringing together industry, government, NGOs, unions, and academics convened by the nonprofit supplier auditor Verite. The diverse board is establishing a certification process to monitor and verify that cocoa is produced in Ghana and Côte d'Ivoire sustainably and free from child labor that has plagued the sector. The initiative has drawn comments from experts both impressed with its scope and concerned about its limitations from the likes of John Tepper Marlin of CSRNYC, Rodney North of Equal Exchange, and Susan Smith of the National Confectioners Association.
Corporate Social Responsibility Newswire
www.csrwire.com
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