How many valdez principles are there

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Log In. Decrease font size. Increase font size. Display options. Default More Most. Back to Default Settings Done. Article Preview :. The Valdez Principles include: Protection of the Biosphere: We will minimize and strive to eliminate the release of any pollutant Source Citation. California Controller Gray Davis said in a press statement that he would propose to the state Legislature that it adopt the standards for California state pension fund investments.

The principles, named for the environmentally disastrous oil spill from the Exxon oil tanker Valdez in the Gulf of Alaska in March, address the release of pollutants, sustainable use of natural resources and reduction and disposal of waste.

They also address energy efficiency, risk reduction to employees and surrounding communities, the marketing of safe products and services, damage compensation and disclosure of potential environmental hazards.

The inclusion of an environmental representative on corporate boards and annual corporate environmental audits are also called for by the Valdez principles. CERES said the Valdez principles are not intended as a disinvestment effort nor is it a negative campaign. Rather, the coalition said it seeks to reward corporations that behave in a positive manner on environmental issues through the support of investments by individuals and pension plans.