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Don't leave 2014 without realizing there have been notable - often underreported - big capital market breakthroughs on climate change, water protection and other sustainability fronts.

ConAgra Foods is the latest food giant to agree to eliminate any palm oil supplier engaged in deforestation. The company made the commitment in response to a shareholder proposal filed by Green Century Capital Management and the New York State Common Retirement Fund.

Institutional investors representing over half a trillion dollars in assets under management are calling on four major palm oil producers to adopt an immediate moratorium on deforestation and join the growing effort within the industry to establish traceable, deforestation-free palm oil supply chains. Led by Green Century Capital Management, investors called on the companies to cease their efforts to weaken the existing threshold for no-deforestation.

Another resolution, filed with J.M. Smucker, was withdrawn this week by co-filers Clean Yield Asset Management and Green Century Capital Management when the company agreed to stringent guidelines on the sourcing of palm oil.

The chemical giant's new sustainability goals also include a renewable energy commitment and a deeper focus on closed-loop manufacturing.

Sodexo, the food services and facilities management company, Deloitte consulting, Mission Point Capital Partners impact investment firm and the Closed Loop Fund have taken it upon themselves to study the economics and data points of food waste in the U.S. and develop a road map for action.

Our ninth annual report (download PDF), published today and produced in partnership with Trucost, continues our tradition of taking the pulse of corporate progress in sustainability, in the United States and around the world. It looks at both common measures (energy, waste and carbon) and some less-common ones (corporate reporting of natural capital profit or savings, for example, or companies' low-carbon investments) over the past five years.

580+ groups, businesses call for extension of clean energy tax credits  Over 580 organizations and businesses, including the American Wind Energy Association, have written a letter to Congress calling for the extension of tax credits relating to clean energy. "Businesses and investors need stable, predictable federal tax policy to create jobs, invest capital, and deploy pollution-reducing energy technologies," they wrote. 

Increasing the recycling rate to 100 percent industry-wide could generate an estimated $10 billion in cost savings and natural capital benefits, according to Trucost. For example, creating better closed-loop processes for reusing gold would have a bottom-line benefit of almost $100 million compared with $14.6 million at current recovery levels, according to the Trucost data.

London, Amsterdam and Copenhagen have announced they will work together to design a project that will improve the capture of plastics. City officials from the three capitals will share information and experiences on the development and delivery of circular economy action plans. The Ellen MacArthur Foundation recently estimated plastic packaging waste at $80-120 billion annually. 

Unilever has worked hard to be a sustainable, environmentally conscious business, but whether the $170 billion conglomerate can turn that into profits in today's competitive market remains to be seen, according to this analysis. "Too many companies are running their business into the ground, I would argue, by being myopically short-term focused on the shareholder," said CEO Paul Polman.

In the largest study of its kind, we pored over more than 1,600 companies' disclosures to CDP on physical climate change impacts, the financial implications of these impacts and what companies were doing to manage them. The disclosures we considered included many of the world's largest corporations, covering 69 percent of global market capitalization. The findings were fascinating, unsettling and inspiring.

Last year, Michelin announced it no longer would procure rubber from deforested lands. It set about working with suppliers and regional governments to encourage sustainable forestry. Michelin's zero deforestation policy led other tire makers Bridgestone, Goodyear and Continental to also begin working towards zero deforestation in rubber procurement. Now, GM is also adopting a zero deforestation stance in its tire procurement policy. The largest U.S. automaker (in market capitalization) in June declared that it would buy only tires with rubber sourced from sustainably grown forests. In addition, the company announced plans to work with other automakers and tire manufacturers to come up with an industry response

Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine. Britain's step, which follows France, amounts to a victory for electric cars that if copied globally could hit the wealth of oil producers, as well as transform car industry jobs and one of the icons of 20th Century capitalism: the automobile itself.

In his groundbreaking 1962 opus Capitalism and Freedom, economist Milton Friedman famously claimed that the "one social responsibility of business [is] to increase its profits so long as it stays within the rules of the game."

A California athletic club has reduced water usage for laundry washed with a machine using Xeros laundry system by nearly 50 percent.

The Dow Chemical Company today announced new sustainability goals, to be accomplished by 2025, which include creating products that offset three times more carbon dioxide than they emit throughout their life cycle and delivering $1 billion in cost savings or new cash flow by valuing nature in business decisions.