Corporate philanthropy is mistaken many times for corporate responsibility. But it is not the same, or to be more accurate, it is just one dimension of CSR, and frankly not the one we should be concerned with when we talk and debate about the social responsibility of business.
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.
In Guatemala, we visited two Rainforest Alliance certified coffee farms and two Rainforest Alliance verified hotels, all of which reflected local character and diverse cultures while adhering to sustainable growing and tourism practices.
FedEx prides itself for having a clear goal: to connect the world in responsible and resourceful ways. FedEx 2011 Global Citizenship Report, which was released on Monday, provides another indication that the second largest shipping company in the world continues to work hard to meet this goal.
The role that a product’s price competiveness plays in attracting consumers is a key assessment in the Shelton Group’s EcoPulse ‘12 market research.
The largest paper mill in the U.S., Weyerheuser’s NORPAC plant in Longview, is getting a new system for pretreating wood chips that is expected to save the company 100 million kilowatt hours of electricity per year.
Friedman famously said: “There is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits.” The main challenge to this Smith-Friedman version of reality is that it can never be so simple.
The Sierra Club’s planet-friendly mission has integrated itself into the current growth of green college campus initiatives nationwide, especially with the release of its sixth annual “Cool Schools” list in SIERRA magazine.
Remember this year’s Chipotle Mexican Grill ad “Back to the Start” that captured hearts and minds around the issue of factory farming? As a serious burrito aficionado, there is something comforting about walking up to that big glass counter, steam rising seductively off the tortilla heater, and knowing that you are about to chow down … Continued
Last week HIP Investor celebrated the 3rd anniversary of its HIP 100 Index. Part of thegrowing Social Responsible Investing (SRI) market, this index implements HIP’s approach of quantifying the human, social, and environmental impact of each investment. In three years it generated a cumulative return of 46.80 percent (before fees), very similar to the return on the S&P100 during that period (47.56%).
The US EPA and P&G has joined together to research new tools for measuring sustainability objectives that goes beyond supplier scorecards.
Bank of America launched its CSR report this week with a focus on six key areas which include responsible business practices, strong economics, environmental sustainability, leadership and service, arts and culture, and diversity and inclusion.
Construction managers’ success in recycling and repurposing materials/fixtures can make the difference on whether a construction project comes in on budget in today’s still-depressed construction industry. Two factors are driving this trend. The first is the increasing value real estate buyers and renters place upon green labeled buildings. In California a green labeled home sells … Continued