In defiance of the convention that sustainability kills profits, General Motors says its recycling efforts generated over $1 billion in revenue since 2010 — which the American automaker reinvests back into its business, including the development of fuel-efficient vehicles.
This category is about corporate social responsibility (CSR), a form of corporate self-regulation integrated into a business model. The goal of CSR is to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere.
Replacing an employee costs 15 to 20 percent of his or her annual salary, on average. That’s a lot of money and shows just how important human capital is from a financial standpoint. So, why is it that so many companies unintentionally ignore employee health when it comes to crafting corporate social responsibility (CSR) initiatives?
U.S asset management firm BlackRock is calling on the U.K.’s top 300 corporations to change the way they pay executives — or face significant backlash from shareholders. And its warning has the backing of the U.K. think tank High Pay Center, which says the pay ratio between top execs and “regular” workers — estimated at 129:1 — needs a serious “reality check.”
Something big happened in the consumer packed goods industry over the weekend, though few may have noticed. 3p’s Gina-Marie Cheeseman analyzes Unilever’s decision to make all of its plastic packaging recyclable, reusable or compostable by 2025.
The vast majority of chickens raised for meat live in windowless warehouses and suffer from a number of welfare concerns. But thanks to animal protection organizations and conscientious consumers, that’s likely to change in 2017, says Kenny Torrella of the Humane Society of the United States.
Successful nonprofit organizations are run by great leaders. So, what does it take to show excellent, innovative leadership in the public-sector and nonprofit worlds?
Chipotle worked with Compassion in World Farming USA and the Humane Society of the U.S. to develop the new standards, which go way beyond cage-free.
If industry stakeholders continue to slowly trail entrepreneurs rather than expedite their own efforts, it will be at their own peril; those who fail to adapt will find that consumers are taking their business elsewhere — even for vital, basics products like food
American workers are exploited in industries from agriculture to manufacturing to sex trafficking — and the H2 visa program contributes to the problem.
President-elect Donald Trump’s pick for secretary of state, former ExxonMobil CEO Rex Tillerson, had a rough senate confirmation hearing last week. His appointment is still under review, and he’ll likely face more questions about Exxon’s alleged skirting of U.S. sanctions and connection to torture abroad.
Although more businesses are seriously engaging with corporate social responsibility, the public is becoming increasingly skeptical of their efforts. These steps can help you address this trend in your CSR communications.
The EPA accused Fiat-Chrysler of cheating on emissions testing days after the FBI arrested a former Volkswagen executive for the same crime.
The process is called carbon capture and utilization and is a global first. Rather than capturing CO2 from coal plants and storing it underground — known as carbon capture and storage (CCS) — this new process makes use of captured gas while almost eliminating emissions.
Recent work suggests a growing number of companies are engaging in improved water management as part of water stewardship. But the tangible results remain unclear.