Like fascism and communism in the last century, sustainability, climate action and economic inclusion are the existential challenges of the 21st century. In their new book, Joel Makower, Mark “Puck” Mykleby and Patrick Doherty present the case for a new grand strategy for global economic prosperity and security.
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.
Hotels have been accused of damaging the environment, and sometimes with good reason. Luckily, things are changing fast. Sustainable eco-tourism is on the rise in many parts of the world, and even large hotel chains are now doing their bit for the environment.
SPECIAL SERIES: Fostering Diversity and Purpose at Work
Everyone wants to find purpose in their jobs. A recent PwC survey of 1,500 employees and 500 C-Suite leaders in 39 industries proved this to be true, and found some interesting trends about what purpose means for employees.
SPECIAL SERIES: MGM Defining Thought Leadership
The circular economy was once dismissed as a pipe dream. But through the persistence of thought leaders like Ellen MacArthur and William McDonough, it is slowly becoming reality.
The U.S., Canada and Mexico took a huge step yesterday in setting new goals to combat climate change. Agreements signed by the three countries include clean energy targets and emissions reductions. Oh, and plans to boost business travel access through better border procedures.
On Tuesday, Volkswagen reached a record settlement to pay up to $14.7 billion as a result of its “dieselgate” emissions scandal. Individual owners will receive $5,100-$10,000 in cash payments along with a fix or a buy-back. Is it enough?
Last week, business and government leaders gathered at the United Nations Headquarters in New York to discuss public-private collaboration on climate action.
APP recently opened two of its mills, which the company says are amongst the world’s largest and efficient within the industry, to journalists visiting the company’s operations in China.
Eileen Fisher’s journey to sustainability started by falling in love with the kimono, trips to Bhutan to learn about happiness and to favelas in Brazil to observe the human experience. She created a “purpose chair” that she sits in each morning to consider how to add purpose to her day. Her company’s goal is to become 100 sustainable and help the entire fashion industry meet that goal too.
Will we see a future in which Britain turns inward and sees a down-turn in the economy, living standards and environmental improvements? Or one in which Britain takes the front foot in collaboration and climate leadership? Ivana Gazibara from Forum for the Future calls on the U.K. to channel its momentum for change into environmental action.
Despite tax breaks and corporate responsibility pushes, there is still a lag when it comes to corporations acting in a sustainable way. The question is: How can we get these businesses on board with sustainability?
The European Commission’s Garment Initiative aims to support its member governments and other actors in responsibly managing their supply chains. If it goes through, and is as strong as many hope, it could be a huge game-changer for the global garment industry.
If you want to see just how complicated a supply chain can be, the operations of Asia Pulp and Paper (APP) on Hainan Island, China, gives an idea of what goes into products that we often take for granted.