Law360, New York (May 16, 2012, 8:42 PM ET) -- Intel Corp., Procter & Gamble Co., Eastman Chemical Co. and FedEx Corp. executives told a Senate subcommittee on Wednesday that Congress could best encourage corporate environmental sustainability efforts by standardizing corporate sustainability ratings systems, in addition to funding innovation and extending fuel efficiency tax breaks.
Testifying before the Children's Health and Environmental Responsibility Subcommittee, the group of business leaders asked the government to play a greater role in establishing common standards for corporate sustainability ratings systems to give proper credit to the companies leading the way...