Tuesday, February 28, 2012

Intel Takes Green Mindedness to the Bank

One never knows where they will find evidence of good corporate citizenship, operational excellence and environmental stewardship.  This time, it's the lawyers...

Law.com/Corporate Counsel magazine recently interviewed several corporate attorneys at Intel, revealing much about the depth and breadth of the sustainability programs at the world's largest manufacturer of semiconductor chips.

Friday, February 24, 2012

Lighting Retrofits: Low Hanging Fruit

For some time now, we have been hearing a politically-charged and nonsensical debate in Washington over new standards for light bulb efficiency.  These standards while new, completely follow past precident to advance the industry and improve efficiency while giving manufacturers clarity from which to make investment decisions.

Less interesting to many, but more impactful to companies and to society, are the efficiency gains that are being realized every day through lighting retrofits.  The cost savings are often staggering.

Friday, February 17, 2012

15 Companies Tell Congress To Renew Key Wind Power Tax Credit

In a recent letter to Congress, fifteen of the country's largest consumers of alternative energy, including Starbucks, Yahoo! and Campbell's Soup, voiced their support for renewing the Production Tax Credit, (PTC) set to expire in December 2012.

The letter states that the "PTC has enabled the industry to slash wind energy costs by some 90% since 1980..." 

Vanguard's John Bogle -- At It Again... "A Tax Break for Gambling?"

John Bogle, the esteemed founder of the Vanguard Group, has probably done more to save investors money than any individual on the planet.  So when he advocates raising taxes, folks tend to notice.

His core philosophy has always been at odds with the investment management industry -- identifying that most active managers fail to beat their benchmarks, net of fees. His relentless pressure on the industry to lower fees has not made him many friends, so his most recent remarks should come as no surprise.

Tuesday, February 14, 2012

Apple Takes It Up a Notch

Investor and consumer pressure can move mountains. Finally, Apple has agreed to take a hard look at the working conditions in its factories around the world.

Apple Inc., now the world's largest company by market value, has dazzled consumers by essentially reinventing how we buy music, how we use our phones and how we access the web.  The company has similarly dazzled investors with a share price that seems impervious to global economic challenges and bear markets.

For responsible investors, Apple has been a conundrum:  Environmentally conscious but practically devoid of philanthropic activity.  Meticulously managed by a visionary leader but with a supply chain notorious for poor working conditions. The company didn't even disclose who its suppliers were.