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.
Yesterday Gov. Jerry Brown issued an executive order that he said is necessary in order to make California drought-resistant after the lowest snowpack on record. The executive order calls for increased water conservation, increased enforcement, a streamlined state government response and investment in new water technologies.
SourceWatch lists a total of over 100 companies and nonprofits that have now withdrawn from the American Legislative Exchange Council, commonly known as ALEC. As more companies break ties with the organization, pressure builds on holdouts like Exxon-Mobil and Peabody Energy to reconsider their positions.
Union of Concerned Scientists released its 2nd annual palm oil report, which tracks 40 large companies sourcing huge amounts of palm oil within its supply chains.
The smartest food supply chain conversations today begin with data. Author Andrea Learned recently talked with Good Company sustainability consultants Justin Overdevest and Kelly Hoell about how their small- and medium-sized food industry clients manage for operational efficiencies. As they see it, one key in the evolution of these businesses over recent years has been the ability to select customized data points that matter to their specific business model.
Retail giant Walmart zeros in on highlighting products from women-owned businesses through the use of a newly polished label. The “Women-Owned” initiative will provide access to over 3,000 products in an online marketplace and within Walmart retail stores across the country.
Education is often among the first casualties of sustained conflict, and all too often, the international focus simply moves on to the next conflict, leaving a massive skills and knowledge void in its wake. Pearson’s CEO John Fallon explains why educating refugees is crucial.
Are you ready to bare it all? In a major shift in attitudes toward sustainability and the role of business in society, environmental, social and governance (ESG) disclosure is now a major focus for investors and businesses alike. Businesses who know how to monitor and report ESG results — and investors who know how to interpret them — will come first in global a race for greater transparency.
Food and commodities giant ADM, which has reached over US$80 billion in revenues, says it will develop a no-deforestation policy in a move to source soy and palm oil more responsibly. The change occurred after a shareholder proposal, submitted by Green Century Capital Management and the New York State Common Retirement Fund, requested that ADM set quantitative goals for a reduction in supply chain impacts from deforestation.
The new crop of millennials looking for jobs have a different vision of what they want in a career than the jobseekers who came before them: They want their work to make a difference in the world. Reaching this new generation of employees and consumers requires businesses to think about how they can build their purpose into the ethos of their business to bring employees in the door, keep them around and grow them into tomorrow’s leaders.
REI has announced that it will support the National Park Service through a partnership with the National Park Foundation. No word on whether Sally Jewell, the Secretary of Interior who was previously the CEO of REI, had any involvement in this campaign, but the timing is excellent nonetheless.
What do a union advocate, a freelancer and an ex-convict have in common? There’s no punch line here — they’re all successful leaders and social entrepreneurs. The most impressive leaders understand that social responsibility is more than donating profits to a cause or doing business with higher ethical standards. While those practices are admirable, they are only the beginning of what social entrepreneurship can achieve.
Wells Fargo, as disclosed in its most recent corporate social responsibility (CSR) report, has reached $37 billion in environmental loans and investments.
Boards, theoretically responsible for strategic direction and governance, typically have very little input to environmental or social issues affecting corporations or their stakeholders. Where should we focus to address this shortfall?