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January 16, 2013

Ceres Awarded with Zayed Future Energy Prize
    by Robert Kropp

The investor network wins the $1.5 million prize in the nongovernmental organization category for its work on behalf of addressing climate change.

SocialFunds.com -- At the World Future Energy Summit this week in Abu Dhabi, Ceres was awarded the $1.5 million Zayed Future Energy Prize for nongovernmental organizations (NGOs). The prize, which is named for Sheikh Zayed bin Sultan Al Nahyan, the founder of the United Arab Emirates, has been awarded annually since 2009 to governments, companies, NGOs, individuals, and institutions for innovations in sustainable development.

Ceres has proven itself to be an effective advocate for sustainability on a number of fronts. In 1997, the organization helped create the Global Reporting Initiative (GRI), which has since become the international standard for corporate reporting on sustainability issues. It coordinates Business for Innovative Climate and Energy Policy (BICEP), a coalition of companies committed to the passage into law of meaningful energy and climate legislation, and the Investor Network on Climate Risk (INCR), an network of institutional investors dedicated to more sustainable capital markets.

The accomplishments of the networks organized by Ceres have helped bring issues of sustainability into the mainstream. In large part due to its efforts, the Securities and Exchange Commission (SEC) issued guidance in 2010 on disclosure of climate change risks and opportunities at publicly traded companies. In its guidance, the Commission stated, "Existing disclosure rules…may require a company to disclose the impact that business or legal developments related to climate change may have on its business."

And when the Obama administration finalized new fuel efficiency standards for cars and light-duty trucks, mandating an average of 54.5 miles per gallon by 2025, Ceres estimated that the new fuel standards will create approximately 484,000 jobs for the US economy.

"In order to tackle the global challenge of climate change, we must expect even bolder action from investors, businesses, and policymakers," Mindy Lubber, President of Ceres, said. "We will use the Prize to expand international investor leadership on clean energy and to grow our ongoing work with leading companies that are striving to integrate sustainability into their operations by reducing greenhouse gas emissions, improving energy efficiency and sourcing renewable energy."

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