When WalMart finally unveiled their new Sustainability Index, I found the 15 questions a bit underwhelming. Especially, after all the press and fuss (you can download the questions from the WalMart web site).

For example, the first question, “Have you measured your corporate greenhouse gas emissions?” is so simplistic, that a yes answer could mean many things. Scope 1? Scope 2? Have they taken on the challenge of addressing the full supply chain?

GreenBiz.com offers some advice for getting the most out of the questions, if you are a Walmart supplier that is just beginning to think about environmental issues.

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Tom Benson, owner of the World’s Largest Laundromat in Berwyn, Ill., is tired of listening to conservative industry groups’ bluster that climate change legislation is bad for business.

That’s because clean energy saved his.

When Benson bought his business a decade ago, all that hot water helping scrub everything from Speedos to sheets ate up a staggering 25 percent of total monthly revenues. With 153 washers using thousands of gallons of hot water daily, you can only imagine the energy costs. And that’s before factoring in the 148 dryers.

So to cut his natural gas costs, Benson installed a solar hot water system on his roof. Three dozen 10-by-4-foot solar panels now produce more than 2,400 gallons of hot water daily, saving him some $25,000 a year.

“Our energy bills could have sunk this business,” says Benson. “Now, they’re a source of pride.”

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Five leading companies joined Ceres today to announce a business coalition demanding stronger U.S. climate and energy legislation as early as 2009. The team includes Nike, Starbucks, Levi Strauss, Sun Microsystems, Timberland And Ceres and is going by the moniker BICEP - I am thinking Nike had something to do with that one.

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Ceres, Inc. supports the prediction that we could grow more than 30% of US transportation fuel with dedicated energy crops. This is no pipe dream: planting starts next spring.

Ceres, Inc., the self-described “energy crop company,” is engineering plants that could play a big role in the future of sustainable biofuels. In stark contrast to food crops, what Ceres is in the business of creating are “dedicated energy crops”—like switchgrass, sorghum, and miscanthus—that are ideally suited for fuel production.

While the global “food vs. fuel” debate rages on, a few companies like Ceres are quietly moving forward with next generation technology that challenges many of the current assumptions about growing fuel. In their view, it’s time to move the conversation on from corn-based controversy to second-generation, non-food based sources of ethanol.

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Tomorrow, General Motors is hosting a backgrounder on cellulosic ethanol feedstocks at the Thousand Oak (CA) based laboratories of Ceres, Inc.

Coverage of non-food based ethanol tends to focus on fuel production technologies, but Ceres works one step further up the supply chain: they’re using genetic technology to engineer plants optimally suited for conversion into something you’d want to put in your gas tank.

I’ve already had the chance to speak with Richard Hamilton, President and CFO of Ceres, about the potential to produce super-strains of perennial grasses like sweet sorghum and switchgrass, and I’m looking forward to hearing more details tomorrow.

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Findings from a new report examining insurance companies’ responses to climate change were released at the International Association of Insurance Supervisors last week. The study found that an increasing number of companies are implementing initiatives to reduce the risk of climate change’s impacts and reduce the emissions that cause the problem.

"From Risk to Opportunity 2007: Insurer Responses to Climate Change" was commissioned by Ceres, a U.S. group of investors and clean energy supporters that also directs the Investor Network on Climate Risk, which manages more than $4 trillion in assets. Mindy S. Lubber, President of Ceres, explained the report’s findings:

Insurers are beginning to respond to global warming – and not just by withdrawing from coastal markets with high financial exposure. We’re seeing a rapid proliferation of products that will reduce climate-related financial losses, as well as the pollution causing global warming. Yet, insurer responses to date are not nearly sufficient given the scale of the challenge. We need more insurers, especially U.S. insurers, to step up.

Indeed, Europe’s largest insurer, Allianz, said that climate change may increase insured losses from extreme events in an average year by 37 percent within a decade. Karolinska medical university in Sweden predicts cardiovascular health problems to rise along with global temperatures.

Some specific initiatives offered by companies around the globe include:

• Green building credits
• Drought protection
• Incentives for investing in renewable energy (London-based Willis Holdings will cover potential underproduction of wind power)
• Clean transportation (The Japanese company Sompo gives premium discounts to policyholders who drive low-emitting cars)

All in all, the report found 422 examples from 190 insurers, reinsurers, brokers, and insurance organizations from 26 nations. That’s more than double the number of products found in a similar report barely over a year ago. I was surprised to learn that forty percent of the initiatives are from U.S. companies, although not surprisingly only a small minority of companies overall are exploring how climate change may affect business or are offering products to mitigate it.

With billions of dollars lost this year from unprecedented flooding and windstorms in Europe and wildfires in the U.S., some are nervous that climate change threatens the entire industry’s long-term viability. While the products from a handful of companies certainly won’t slow the consequences on their own, they must multiply to be part of the global solution that includes private sector involvement, government leadership, and consumer response.

The latest survey, Advancing Sustainable Prosperity, comes from Ceres, an environmental investment group.

What is sustainable prosperity? From what I gather from Ceres (pronounced series) sustainable prosperity incorporates environmental and social issues into business strategy and economic markets.

Since the survey was administered to participants at their annual conference last week (including a who's who in the corporate and enviromental sectors), respondents are likely to be involved in a for-profit business venture. Therefore the answers should be indicative of what the feeling is in the corporate world regarding environmental issues.

Of those surveyed, 80% think that climate change is the biggest sustainability challenge facing the world today; 90% said the most important issues for corporations to address are greenhouse gas emission reductions and improved energy efficiency; and 67% thought that renewable energy technology has the biggest chance at achieving sustainable prosperity.

A telling survey question that caught my eye was: "Do you agree or disagree with the following statement: 'Collaboration, such as partnerships between NGOs, companies and investors, is important for progress on sustainability issues,'" to which 79% of respondents answered "strongly agree."

Seventy-nine percent of businessminded people at the Ceres conference think that partnerships to finding solutions to environmental problems is a good idea. That is good evidence that the corporate front is changing their tune and sustainable prosperity is catching on.

Via GreenBiz