When it comes to holiday shopping, it looks like business as usual with retailers promoting sales and shoppers looking for bargains. But what about sustainability? Unfortunately, this theme is being ignored this year by both the majority of consumers and by retailers. This phenomenon is especially interesting since many retailers spend the rest of the year promoting sustainability and generating value … 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.
Companies such as IBM, FedEx, and PepsiCo are sending employee teams to volunteer their time in developing countries on a kind of Corporate Peace Corps. A new reality in CSR for many global businesses, these International Corporate Volunteer programs benefit companies in areas including marketing and brand awareness, innovation and R&D, and leadership development. Recently, IBM won its first ever contract in West Africa as a result of what was initially a volunteer program in Nigeria.
In working with a variety of corporations and organizations one issue is becoming increasingly prominent: the growing need to disclose efforts to act in a more sustainable manner. In that context, the trend towards greater transparency ultimately is headed in one direction – an “Integrated Report” in which financial and nonfinancial performance are tied together and articulated in a single document. Although there is no formal standard to what constitutes an integrated report, there is growing evidence that the financial markets reward those companies that engage in sustainable behavior and disclose those efforts in a comprehensive manner, including impact on bottom line performance.
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“. By Bahar Gidwani Our friends at Climate Counts have just released … Continued
Human rights group Global Witness announced this week that it is removing support for the Kimberley Process, the international scheme established a decade ago to stop the trade in ‘blood’ diamonds. The proverbial straw that broke the camel’s back for Global Witness occurred last month when the Kimberley Process authorized two companies to operate in … Continued
Global demand for rare earth minerals will increase over seven percent a year, but now various reports suggest that prices for these materials will start trending downward.
It would probably strike you as somewhat out-of-place to even be talking about a car that won the British Top Gear TV show’s Luxury Car of the Year Award, in a magazine devoted to sustainability. After all, this is the kind of award that has historically gone to cars like the $405,000 453 HP Rolls … Continued
1. Green is mainstream. Not too long ago, just a small group of deep
green consumers existed. Today, 83% of consumers – representing
every generation, from Baby Boomers to Millennials and Gen Ys – are
some shade of green. Moreover, there are now finely defined segments
of green consumers.
When we think of owning stock in an organization, we usually think of for-profit corporations. Images of streaming ticker symbols and stock markets rising and falling come to mind. In this case, we typically own stock so that we can (hopefully) make money. However, we have a unique opportunity to own stock in a nonprofit … Continued
Oh, if only polar bears weren’t white. I guess that was one of the thoughts that went through the minds of Coca-Cola executives, while putting the kibosh on the company’s special holiday white cans due to customer uproar. These cans were part of a joint campaign Coca-Cola initiated with WWF aiming “to raise awareness and … Continued
A look back at the role of corporate banks during the financial crisis of 2008 and a look at other options such as Community Development Financial Institutions (CDFIs).
This week in Doha, Qatar, over 12,000 attendees will gather for the triennial World Petroleum Congress (WPC), which promises to be carbon neutral.
Presidio Graduate School student Joey Christiano suggests that Nike could do a better job marketing its Better World campaign. “If anyone can make concern about environmental issues cool, Nike can. Take it to the next level, Nike. Just Do It.”
Timing is (almost) everything in life. Just ask Qantas, the Australian airline that found itself involved in a social media fiasco. The company asked its Twitter followers, “What is your dream luxury inflight experience?” and suggested that they include the hashtag #QantasLuxury in their reply. This was supposed to be a fun interaction with customers … Continued