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.
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.
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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