At today’s Commit!Forum, Corporate Citizenship shared new research about corporate alignment with the UN sustainable development goals.
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.
For Dove and its parent company, Unilever, the past weekend has demolished the company’s reputation after 13 years of success celebrating, and garnering much praise, for its “Real Beauty” campaigns.
Until Google comes clean with how it could have allowed its technology to risk chipping away at its home country’s democratic institutions, its recent environmental accomplishments, for now, are a sideshow.
Since 2005, the Honor Flight Network has been sending World War II, Korean War and now, more Vietnam War veterans to D.C. so they can share their memories with other veterans from across the U.S. and visit the war memorials dedicated to where they performed their service.
Purpose certainly has become a buzzword; one sees it almost as often as catchphrases including “collaboration” and “innovation.” Naturally, one could only ask, is “purpose” simply another fancy term that really is only another way to indulge in “greenwashing?”
The pint-size bronze statute of the Fearless Girl defiantly staring down Wall Street’s iconic bull is a bit more tarnished this week. So is the reputation of the company that paid for its installation. The US Labor Department just slapped State Street Corp with a $5 million gender and racial discrimination settlement.
As more industries become reliant on STEM and tech-savvy talent, the disconnect between our students’ STEM education and hiring managers’ expectations becomes more worrisome: 67 percent of U.S. executives expect to choose job candidates with data skills over those without, yet only 23 percent of educators believe their students will graduate with these essential tech and analytical skills. Perhaps the sector best poised to positively impact today’s young people is the business community.
With the adoption of the 17 Sustainable Development Goals (SDGs), we enter the age of sustainable development where every organization, regardless of geography, industry or size, takes on a shared responsibility. Some fear that this may add to the reporting burden since we all grapple with the process of identifying material topics, others see potential benefits from latching onto the SDGs. With an estimated $12 trillion USD resulting from revenue and saving associated with achieving the SDGs by 2030, realizing the vision for sustainable development could also make for a great business case.
Despite formidable obstacles, Elon Musk of the EV company Tesla envisions leveraging his solar energy experience to rebuild Puerto Rico’s power grid.
Last week, Sadiq Khan, the Mayor of London, called out Germany’s leading automakers, urging them to contribute to the city’s air quality programs. Khan has argued that diesel vehicles manufactured by BMW, Mercedes-Benz and Volkswagen have been contributing to London’s worsening air pollution and as a result, increased public health problems.
There are many straightforward ways that businesses can become sustainable, but one of the best ways is to invest in employees. Employee health is a major cost for most companies, and as that cost keeps rising, more businesses are seeking more sustainable alternatives like employee wellness programs. According to one study, every dollar spent on employee wellness can lead to a six-dollar reduction in healthcare costs (including costs of health insurance and productivity lost due to illness). Fortunately, businesses don’t need to spend much money to see a substantial impact.
The energy sector is slowly but surely undergoing a transformation, and a decision by Denmark’s Dong Energy sums up how this sector will look and operate during the 21st century. In shifting from “black to green” energy, Dong’s executives have decided to rebrand and name itself Ørsted.
A new dairy standards council is taking shape in Vermont that will oversee dairy worker rights. And not surprisingly, it’s been launched with the help of Ben & Jerry’s, the ice cream company with a conscience.
Target announced that by 2020, it will only source cotton from sustainable sources for its national brands in apparel, home products and other goods. The retailer said it will work with suppliers to improve their performance on water, chemical use, labor issues and soil health.