When times are tough, companies look for ways to cut costs. Labor costs are often one of those cuts. An article from management consulting firm Strategy& suggests a way to retool labor costs. But will their proposal help or hinder businesses heeding their advice? The Booz article sub-headline suggests, “Despite years of cutbacks, many companies’ pay … 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.
Pharmaceutical waste hurts environmental and public health while contributing to skyrocketing health care expenditures. An anesthesia gas collection company is harvesting medications from hospital exhaust fans, showing us the profit potential of pharma-waste.
In Hans Christian Anderson’s iconic fairy tale, The Emperor’s New Clothes, two swindling weavers promise an Emperor a “new suit” that they tell everyone will be invisible only to those who are unfit for their positions. So, when the Emperor parades before his subjects, the spellbound people laud his beautiful new clothes in fear of being … Continued
I know I may be feeding the trolls with this post, but that’s part of the fun. Right now, the issue of “climate change” has become so politically charged it’s almost impossible to discuss without a tsunami of vitriol and conspiratorial accusations overcoming the conversation (at least as far as “mainstream” media is concerned) to … Continued
The following is part of a series by our friends at CSRHub (a 3p sponsor) – offering free sustainability and corporate social responsibility ratings on over 5,000 of the world’s largest publicly traded companies. 3p readers get 40% off CSRHub’s professional subscriptions with promo code “TP40“. Originally published on the CSRHub blog By Carol Pierson … Continued
Last week, for the second time in two years, federal agents raided the facilities of Gibson Guitars, probably the most well-known guitar maker around the world. Although the two raids are the result of different cases, the accusations then and now are similar – violations of the Lacey Act, a law requiring that all wood … Continued
Have the producers of Canadian tar sands oil gone bananas? Or is it the other way around? Let me explain. Last week, banana distributors Chiquita and Dole were confronted by full-page ads in USA Today challenging their use of energy from Canadian tar sands. Forest Ethics placed the ads to expose and criticize the banana … Continued
This post has been edited since it was first published Benefit Corporation, a new way form of corporate entity that purports to use business to address environmental and social problems, has passed the California State Assembly, and is heading to Governor Brown’s desk for his signature. California joins states like Maryland, Vermont, New Jersey, Virgina, and Hawaii … Continued
Neil McPhail, board member, Alliance to Save Energy and senior vice president, new business customer solutions group at Best Buy discusses how power companies and consumer technology retailers are coming together to establish working relationships and best practices that will work toward creating better, more efficient and most importantly, greener products from store shelf to in-home outlet. Best Buy, a consistent leader in sustainability, is hosting its 3rd Annual Energy Summit and Neil shares with readers some of his key insights and takeaways from the discussions leading up to summit.
It appears that retail giant Walmart is ready to take another step on its sustainability journey. Sources within the food industry are reporting that Walmart is planning to begin collecting data from its fruit and vegetable vendors in order to assess the sustainability of their operations. This is a continuation of Wamart’s initiative rolled out … Continued
I don’t consider myself a big Dunkin’ Donuts fan. When I lived in Delaware I used to go there only on Hanukkah, looking for donuts to remind me of Hanukkah doughnuts (I dare you to find those in Delaware!). So when I came to read their first CSR report, which was released last week, I … Continued
Disaster management is rapidly becoming a very important area of CSR. Although some natural disasters strike very suddenly and the only response that can be done is post-tragedy, others require a degree of forethought. Sometimes CSR responses may be as simple as ensuring that services go on as normal, so as not to create further … Continued
Mobile is unlocking possibilities for local lifestyles that could very well redefine consumption as we know it. Location based micro-economies are emerging with increasing levels of sophistication – micro-economies operated by you and I. Now, anyone with a smartphone and something to offer can be a friendly neighbourhood retailer. Every day, mobile startups are creatively making this easier and more enjoyable in the name of collaborative consumption, the groundswell movement within which true sustainability may finally be achieved.
This post is the first in a series of articles by Jeffrey Hollender on cooperative businesses models, specifically from Mondragón, Spain That Italian and Basque cooperatives have grown so large is somewhat a mystery since, unlike capitalist enterprises, cooperatives are not expansionist by nature… Capitalist enterprises tend towards growth because increased scale generally leads to … Continued