Philips’ 2011 sustainability report includes many interesting achievements and developments of the company, which together portray not just the picture of a company that is very serious about sustainability, but also of a company that is a good example of the business case of sustainability, with its innovative healthcare and lighting products, multi-stakeholder engagement approach and even beautiful recycled coffee machines.
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.
PETA announced last week that Avon, Mary Kay and Estee Lauder have been conducting tests on animals at the request of the Chinese government so they can market their products in China.
The Club of Rome and the Smithsonian Institution’s Consortium for Understanding and Sustaining a Biodiverse Planet are hosting a symposium on March 1, 2012 to celebrate the 40th anniversary of the launching of Limits to Growth, the first report to the Club of Rome published in 1972.
Heralding the need for a second industrial revolution for clean, affordable energy, Steven Chu stated “America is the most innovative company in the world. There is a huge market out there so let’s not blow it.”
With the growing interest in sustainability and corporate social responsibility emerging in Dubai, leadership on workers’ rights will make the “S” in CSR more meaningful.
A recent editorial in The Economist would have us believe that of all the problems facing the oceans—acidification, plastics pollution, decline of habitat—overfishing is the easy win, the simple fix. Really, the article argues, this whole overfishing mess is the fault of fishermen. If fishers would just wise-up to the long-term environmental consequences of taking too much, they would make the well-informed and uncomplicated choice to just simply catch fewer fish. This naive finger-pointing exercise is about as helpful and logical as driving past an unemployment line and yelling out the window, “Get a job!”
The world’s most famous toy company, Lego, recently announced a massive investment in wind energy. Kirkbi A/S, the family holding company that owns Lego, will be buying wind turbines for almost $532 million for a 32 percent stake in DONG Energy‘s 277-megawatt Borkum Riffgrund 1 wind farm, which is scheduled to be fully operational in 2015. According … Continued
Unless governments work actively to build a brighter future for humanity, climate change, poverty and loss of biodiversity will worsen and continue to exacerbate existing global problems, top scientists warned ministers attending the United Nations Environment Programme’s (UNEP) governing council meeting in Nairobi, Kenya, on Monday.
A six month investigation conducted by Bloomberg Businessweek found evidence of debt bondage on fishing vessels operating in New Zealand’s waters. The report traces the controversial seafood sources to popular U.S. retailers and restaurants.
For decades shareholder advocates have been changing corporate behavior from the inside. They have challenged companies and shown them that doing good is good business, and that corporate responsibility helps profitability. This proxy season we expect no different. Read more about the hot issues on 2012 proxy ballots and Proxy Preview 2012, a free guide to the resolutions.