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.
Two eco-experts smelled a rat – actually, nitrogen oxide, a sugary-smelling but dangerous air pollutant – belching out of Volkswagen diesel engines made for the European market. Here’s how it all went down.
The $250 trillion firepower of the world’s capital markets needs actionable information to decarbonize their portfolios. Regulators need to make this mandatory.
Today, TriplePundit, Novozymes, Four Twenty Seven and The Climate Reality Project came together at #NzymCOP21 for a special Twitter Chat about the case for responsible business and the importance of COP21. This chat coincided with Climate Week NYC.
SPECIAL SERIES: 3p Explores Climate Week NYC 2015
Yesterday’s announcement at Climate Week NYC by Divest-Invest blows the lid off last year’s goals to urge companies, organizations and private investors to divest from fossil fuels. Conservative estimates were aimed at tripling last year’s divestment numbers of $50 billion. This year’s divestment of $2.6 trillion is 50 times last year’s record.
Those indulging in Schadenfreude over VW’s woes need to take a step back and see the ramifications of this embarrassing ‘defeat device’ snafu. It will reverberate within the automotive industry, the German economy and the corporate responsibility movement as well.
Corporate influence over the climate change debate and policy process is often cited as a key reason for the relatively slow progress of both the U.N. COP process and national-level climate legislation, nonprofit NGO InfluenceMap noted. According to the group, nearly half of the world’s 100 largest companies engage in tactics to obstruct climate change action.
There is no other commodity grown on the farms of our planet that is more polluting than cotton. Major apparel and textile brands and retailers need to incorporate sustainable cotton sourcing and communicate the benefits of this to their customers in their corporate responsibility efforts to drive demand. Increased demand is the obvious path toward mainstream acceptance.
We must translate the vast horizon of sustainability into language that gets business to act in its interests today – sidestepping uncertainty and building in reward. What turns long-termism into a near-term benefit?
Last Friday the EPA accused Volkswagen of installing “defeat devices” in four-cylinder Volkswagen and Audi automobiles from model years 2009 to 2015. The California Air Resources Board (CARB) also launched an investigation into Volkswagen’s practice of installing software to manipulate information transmitted during vehicle emissions testing.
This is a PR firm that reported $833 million worth of earnings. In the words of the Guardian’s Suzanne Goldenberg, Edelman “has played a critical role in shaping public opinion in the U.S. and globally about climate change.” So, the company’s shift is huge.
Today, 1.2 billion people, or almost a fifth of the world’s population, live in areas of water scarcity, and, according to the U.N., this number will climb to almost 2 billion by 2025. The good news is that citizens, governments and businesses are waking up and acknowledging the importance of water stewardship.
Many products command premiums due to their geographic origins and native know-how. Corporate social responsibility initiatives have a role to play in preserving and protecting them.
Tax policy can enhance the social impact of business and support business at the same time, says Wayne Dunn, president of the CSR Training Institute. We are seeing some governments making corporate social responsibility (CSR) policy into a tax, setting minimum amounts that companies must spend on CSR, often with little thought for value and impact.
Dunn puts forward the case for replacing that with its polar opposite – using tax breaks to incentivize and enhance CSR to everyone’s benefit.