Over the course of the last few years, Walmart has continued to strengthen its commitment to environmental stewardship and sustainability. Ambitious improvements to its global supply chain, the widespread adoption of the Walmart sustainability index and major investments in renewable energy as well as a commitment to locally sourced food have propelled Walmart to a leadership position in … Continued
Category: Corporate Responsibility
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.
Last week, H&M hosted a panel at Vogue Headquarters in Times Square on the efforts within the fashion industry to become more sustainable. Can a fast fashion company be sustainable? How it can promote sustainability among consumers that don’t care too much about it in the first place?
Voluntary corporate sustainability initiatives and social enterprises are essential, but are not game changers by themselves. In addition, we need laws and regulations that guide our economy toward sound, long-term decision-making, with full recognition of social and environmental externalities.
A recent poll conducted by the American Sustainable Business Council (ASBC) and Main Street Alliance (MSA) found some 85 percent of small business owners oppose a territorial tax system, which would permanently exempt offshore profits from U.S. taxation.
Reading Tim Mohin’s book “Changing Business from the Inside Out: A Treehugger’s Guide to Working in Corporations” was a refreshing experience. There are many great books that discuss every possible element of CSR and sustainability, but this is the first one I am familiar with that is written from the perspective of a CSR practitioner.
“Everyone in the [supply] chain should be paid a livable wage and live a dignified life. Fair Trade is our principle. We pay a fair wage for ingredients. Is it perfect? No. Is it better than non-Fair Trade? Yes.” – Jostein Solheim, Ben & Jerry’s CEO.
Next month, the Global Reporting Initiative (GRI) will host its global conference in Amsterdam, a three-day event that will round up the top sustainability professionals and corporate social responsibility thinkers across the globe. Among the key topics under discussion is the upcoming rollout of the G4 guidelines.
When it comes to climate-related challenges, it’s in the long-term interest of corporations, investors and other major economic players to adjust business-as-usual models in favor of new, more sustainable models that ensure future prosperity.
Last week, Verizon issued their 2012 Annual Report. For the second year in a row, the company used an integrated reporting format which includes their CSR report alongside the traditional financials. Verizon saw revenues of $115.8 billion, up from $110.9 billion last year. Two-thirds of that came from their wireless business.
John Mackey, co-author of Conscious Capitalism, wants us to move away from a narrative that declares corporations to be sociopathic villains that need to be controlled. Instead, we should recognize business and capitalism as a powerful force for good in the world, one that deserves credit for having “lifted humanity up out of the dirt.”
This week Johnson Controls released its 2012 Sustainability Report, which covers progress on diversity, volunteering and lead recycling.