Goldman Sachs has invested $9.6 million into the nation’s first ever Social Impact Bond or SIB. This bond addresses the recidivism rates in NYC prisons and will be used to help train and counsel at-risk incarcerated youths.
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.
Mitt Romney claims his strongest suit is the economy. But his experience is not relevant to our current situation. Careful analysis has shown that his policies will lose us 4.1 million jobs, while creating even greater inequality in the system, weakening the social safety net for our most vulnerable citizens, all while increasing the deficit.
Microsoft announced the launch of YouthSpark, a worldwide program that closes the “opportunity gap” that is disenfranchising young people across the world.
Talk of business social responsibility is misleading: It assumes that social and environmental considerations are distinct from core business. Taking a business’ social impact as a starting point is a firmer foundation, encouraging a more holistic view of its role in society.
Leading textiles supplier, Central Textiles, becomes one of the first major Asian manufacturers to complete the Supplier Facilities Module assessment of the newly released Sustainable Apparel Coalition (SAC) Higg Index 1.0. This case study focuses on the challenges encountered and the business opportunities perceived.
The release of the new CDP report was accompanied by a global teleconference with some very interesting participants from around the world discussing “how businesses can succeed in an uncertain, resource constrained world.” Here are five insights from this discussion.
GE invests in a revolutionary recycling system which processes old appliances faster and diverts millions of pounds of insulation from the landfill.
If employees or coworkers balk at the thought of composting, sell them on the fringe benefits. Launching a composting program is a great excuse to add a variety of plants around the office, even including herb and vegetable planters in a windowsill.
If Milton Friedman could read Thomas Friedman’s book “Hot, Flat & Crowded” and pop back down for a two hour panel discussion on CSR and sustainability, the two of them would find a lot more to agree upon than to fight about!
Just yesterday I was having a discussion about how the carbon market is ‘dead.’ Today I read that, according to Business Green it is up to the private sector to safe the UN’s Clean Development Mechanism (CDM) from collapse. What is CDM? The CDM was developed after the Kyoto Protocol was formed. According to the … Continued