ClimateBiz News - Free Weekly E-Newsletter Read Current Issue

Fiji Water, tacos and going “green”

  • Email
  • Print
  • Share
  • Single
  • RSS
As a reporter covering business and the environment, I don’t want to let the perfect become the enemy of the good. We should cheer, or at least politely applaud, the small changes that companies make to lighten their environmental footprint. But we ought not to fool ourselves into believing that incremental change is adequate to the tasks ahead—of slowing down climate change, dealing with water issues, or eventually making our economy sustainable.

 

Today’s Sustainability column looks at changes made by Taco Bell and Fiji Water. You’ll see that I’m unimpressed by what’s happening at Taco Bell. By contrast, Fiji deserves praise for looking deeply and systematically at its environmental impact—but its business model of shipping water across an ocean or two is flawed, to say the least. Here’s how the column begins:

You knew you could help save the earth by installing energy-efficient light bulbs or swapping your gas guzzler for a hybrid. But have you heard that drinking Fiji Water and dining out at Taco Bell are supposed to be good for the planet, too?

Fiji Water claims to have become the first big beverage company to go “carbon negative,” meaning that it will offset all of its greenhouse gas emissions and then some. “The production and sale of each bottle of FIJI Water will actually result in a net reduction of carbon in the atmosphere,” the company’s Fiji Green website. “Every drop is green.”

Meanwhile, Taco Bell, a unit of restaurant giant Yum! Brands (YUM, Fortune 500), says that it is saving water and energy by replacing steam tables and cabinets with electric grills. A Taco Bell exec says: “Whether you take shorter showers, turn off the water while brushing your teeth or purchase a Grill-to-Order menu item at Taco Bell, you can save water and impact the environment without even thinking about it.”

Well, maybe. But let’s think about it, anyway.

You can read the rest here.

Post a Comment »

Recent Blogs by Marc Gunther
  • With climate-change legislation headed toward the Senate floor in a couple of weeks, it’s time to take a closer look at the arguments that are sure to unfold. Today’s Sustainability column looks at a big issue—the question of whether to auction or allocate the permits that companies will need to emit greenhouse gases under any cap-and-trade scheme. Yes, it’s inevitably wonky, but the stakes couldn’t be higher. The permits will be worth roughly $150 billion during the first year the bill takes effect; over time (that is, between now and 2050), their value will likely exceed $3 trillion. As you would imagine, there are lots of ideas about how to spend that money. The Lieberman Warner bill spreads the wealth around—giving some to utilities, others to forestry and agricultural
  • Yet another lively week in the world of green business brought these headlines—Climate Counts ranks consumer companies (again) on global warming practices, the trucking industry slows down and Goldman Sachs banker Mark Tercek takes the helm of The Nature Conservancy. My reactions: Climate Counts: I’ve been a skeptic when it comes to Climate Counts, a nonprofit funded by Stonyfield Farm that aims to mobilize consumers to reward companies with good climate-change policies and avoid those that have failed to address global warming. But I’m coming around to the belief that this little NGO could have an impact. Wood Turner, who runs Climate Counts for Stonyfield “CE-Yo” Gary Hirshberg, tells me that companies are paying attention to their Climate Counts ranking—much as they seek to
  • Michael Milken throws a helluva party. His Milken Institute global conference in LA last week attracted such luminaries as Nobel Peace prize winner Muhammad Yunus, human genome sequencer Craig Venter, Gov. Arnold Schwarzenegger and no fewer than four winners of the Nobel prize in economics. Business guys Eric Schmidt, Sam Zell, Eli Broad, Steve Wynn and T. Boone Pickens all spoke, as did tennis great Andre Agassi, music legend Quincy Jones and comedian, writer and actor John Cleese. There was no way to see and hear it all, but here are some things that struck me as interesting… On the U.S. economy: The four Nobel laureates in economics—A. Michael Spence, Myron Scholes, Gary Becker and Edmund “Ned” Phelps—more or less agreed that the economy, while slumping, is not nearly as bad
  • Interesting partnership announced today—private equity firm KKR joining with Environmental Defense Fund to come up with tools for measuring the environmental footprint of KKR’s portfolio companies. It’s the topic of today’s Sustainability column. Here’s how it begins: Private equity firms are renowned — and occasionally denounced — for squeezing costs out of companies they buy. Their investors say buyout funds help the economy become more efficient, and build shareholder value. Their critics allege that they do so by exploiting workers, avoiding taxes and polluting the planet. We won’t try to settle that argument here, but it provides a useful context for Thursday’s announcement of a partnership between Kohlberg Kravis Roberts, one of the world’s leading buyout firms,
  • I covered television, and then the big media companies, for about 20 years before turning to the environment and corporate responsibility, and I have to say that I don’t miss Hollywood. Sure, show biz can be fun, but after a while it’s hard to care about who’s up in the Nielsen ratings or whether MySpace will be a big Internet hit. What I do miss are some of the people I got to know over the years. That’s why it was great to see Peter Chernin, the second-in-command at Rupert Murdoch’s News Corp., this week at Michael Milken’s global conference in Beverly Hills. (I first met Peter when he was lowly programming exec at Showtime.) Peter wasn’t at the conference to talk about Fox or News Corp., though—he came to speak about his passion for ridding the world of malaria. The