Boston, MA & San Francisco, CA – EIN 223053747 ceres.org
Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. Through powerful networks and advocacy, Ceres tackles the world’s biggest sustainability challenges, including climate change, water scarcity and pollution, and inequitable workplaces. Our mission: Ceres is transforming the economy to build a sustainable future for people and the planet.
Sustainability is the bottom line.
In response to the Exxon Valdez oil spill in 1989, Ceres was founded by a group of forward-looking investors and environmentalists who had a vision for a better way of doing business. Led by Joan Bavaria, they began to re-evaluate the role and responsibility of companies as stewards of the environment and agents of economic and social change.
Today, with more than 30 years of leadership and proven results, we’re more confident than ever in the business case for sustainability. We know a just and sustainable global economy benefits both people and the planet. And we know that investors and companies that integrate sustainability into decision-making outperform their peers.
Ceres’ unique theory of change is to move investors, companies, policymakers and other capital market influencers to take action on four global sustainability challenges: climate change, water scarcity and pollution, inequitable workplaces and outdated capital market systems.
Over the years, we have built influential networks of investors, companies and nonprofit organizations that have grown exponentially in size, scope of work and depth of engagement. Equipping these leaders with science-based research and innovative tools on sustainability risks and opportunities and deploying them, we have created a powerful formula for transforming the global economy.
As a sustainability nonprofit organization since our founding, Ceres has always depended on the generous support of individual donors as well as upon that of institutional and family foundations.
In 2007, Ceres was named one of the 100 most influential players in corporate governance by Directorship magazine. Ceres was a recipient of the Skoll Foundation Award for Social Entrepreneurship in 2006, as well as a recipient of the Fast Company Social Capitalist Awards in 2008. As of May 2017, its president is Mindy Lubber.
Ceres was founded in 1989 when Joan Bavaria, then-president of Trillium Asset Management, formed an alliance with leading environmentalists with the goal of changing corporate environmental practices. She named the organization the "Coalition for Environmentally Responsible EconomieS", or CERES. Ceres was the ancient Roman goddess of fertility and agriculture.
That same year, following the Exxon Valdez oil spill, CERES announced the creation of the Valdez Principles (later renamed the CERES Principles), a ten-point code of corporate environmental conduct to be publicly endorsed by Ceres companies.
In 1993, following lengthy negotiations, Sunoco became the first Fortune 500 company to endorse the Ceres Principles. Since then, over 50 companies have endorsed the Ceres Principles, including 13 Fortune 500 companies that have adopted their own equivalent environmental principles.
In 2003, the organization rebranded itself as "Ceres"
On January 27, 2016 Ceres and the United Nations Foundation convened the seventh Investor Summit on Climate Risk at the United Nations in New York, attended by more than 110 institutional investors who collectively represented more than $22 trillion in assets, with a goal of doubling global investment in clean energy by 2020.
First published in the fall of 1989, the Ceres Principles are a ten-point code of corporate environmental ideals to be publicly endorsed by companies as an environmental mission statement or ethic. The 10 Ceres Principles are:
Launched the Global Reporting Initiative (GRI), now the de facto international standard used by over 1,200 companies for corporate reporting on environmental, social and economic performance.
Founded and directs the Investor Network on Climate Risk (INCR), a group of 100 leading institutional investors with collective assets of more than US$10 trillion. Its members include Deutsche Asset Management, State Street Global Advisors, and TIAA-CREF, as well as the pension funds of California, Florida, and New York.
Coordinates the bi-annual United Nations Investor Summit on Climate Risk, which brings together hundreds of investor, financial and corporate leaders to address financial risks and opportunities posed by climate change. In 2008, nearly 50 leading U.S. and European institutional investors managing over US$1.75 trillion in assets released a 9-point climate change action plan that will increase investments in energy efficiency and clean energy technologies and require tougher scrutiny of carbon-intensive investments that may pose long-term financial risks.
BOSTON, MA 02111-1703 | Tax-exempt since Nov. 1990
Classification (NTEE) Alliance/Advocacy Organizations (Environmental Quality, Protection and Beautification )
Nonprofit Tax Code Designation: 501(c)(3) Defined as: Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
Donations to this organization are tax deductible.