ABSTRACT

This relative indifference to corporations is puzzling given the many critical roles that they play in creating and solving environmental problems. In 2010, a study commissioned by the United Nations Environment Programme Finance Initiative (UNEP FI) and the Principles for Responsible Investment (PRI) group estimated that the top 3,000 public companies were responsible for 35 percent of all global environmental damage (UNEP FI and PRI 2010 ). Five sectors were singled out in the report for causing the most harm: utilities, oil and gas, industrial metals and mining, food production, and construction.