Procter and Gamble’s nonprofit Children’s Safe Drinking Water Program (CSDW) recently provided its 7 billionth liter of clean drinking water to a family of four in Brazil.
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.
A recent report from Americans for Tax Fairness estimates that Walmart workers relying on public assistance programs due to low wages cost American taxpayers $6.2 billion a year. Another interesting figure presented in the report was that Walmart has captured 18 percent of the SNAP (food stamps program) market. It got me thinking that if a substantial number of Walmart’s employees in the U.S. (1.3 million in total) receive food stamps, then the company actually profits twice from paying low-wages.
Companies with engaged employees outperform those without by as much as 200 percent. There are many reasons why a workforce is engaged; one of the key drivers of engagement is pride in their company’s values. Corporate philanthropy programs go a long way towards keeping your employees happy.
General Mills just issued its 2014 Global Responsibility Report. I received an advanced review copy and spoke with Chief Sustainability Officer Jerry Lynch to get his perspective.
A recent study from political science professors at Princeton and Northwestern concludes that America is, as the incomparable Hamilton Nolan put it, actually more like an oligarchy than a democracy. In other words, it is corporations and wealthy individuals — not unions, public interest organizations or regular humans — who control the levers of power in America.
SPECIAL SERIES: Sustainable Seafood
The environmental benefits of seafood traceability are obvious: By tracking a fish through the entire supply chain –- from capture to plate –- you can ensure the fish wasn’t caught using illegal, unreported and unregulated (IUU) fishing practices. But many companies, like Norpac Fisheries Export, are discovering that traceability is also good for their bottom line.
SPECIAL SERIES: Sustainably Attired
Even in the world of sustainable fashion, a fundamental issue has to be addressed: Overconsumption of organic/recycled, fair-trade clothing is still overconsumption. Ultimately, we must all learn to buy fewer things, repair them as we can, and recycle, upcycle or compost them when we are finished.
There’s little doubt that multi-stakeholderism is crucial to elements of the business and human rights movement, but is this type of collaboration always the best strategy? Or, more to the point, is it even realistic? A look at the behavior of the major stakeholders in the coal industry is illustrative and sobering.
McDonald’s has received its fair share of criticism across numerous fronts. This year’s Sustainable Supply awards indicates the fast-food giant is committed to enhancing the overall sustainability of its business, including that of its far-flung network of suppliers.
Teamsters Local 804 announced on its website last week that UPS agreed to abandon plans to pink slip drivers who had walked off the job to protest the firing of an employee, Jairo Reyes — although the company asserts that the walkout violated the drivers’ contract.
The new norm of zero-deforestation implies we are entering a new phase, transitioning into a modern approach to global forest management and conservation to match recent commitments from industry leaders. So, what does the 21st century model look like?
Join TriplePundit and CSRWire for a live Twitter Chat about sustainability and technology with SAP, BSR, and CDP at #SustyBiz on April 11, 2014 at 8am PT/11am ET.
Along with the demand for more green goods and services comes a shift in consumer awareness that will extend to every industry. Business strategist Jeffrey Hollender calls this Radical Transparency and explains how it can be used as a powerful tool to transform ordinary businesses into responsible and profitable entities.