Hamdi Ulukaya, the founder of Chobani yogurt, made headlines late last month when he gave 10 percent of the company’s stock to his 2,000 employees. It was an extraordinary act of generosity for a man who owns a business with annual sales of $1 billion. It was also smart business management.
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.
Nespresso says its recycling program — which it plans to expand to the contiguous 48 states of the U.S. — mitigates the environmental impact of single-use coffee pods. But not everyone is buying into the company’s communications plans.
Earlier this week, General Mills’ social media team reminded the public about the new Trix cereal in a cute video posted on the company’s Facebook page. While the bunny scored some points, the post was overwhelmingly panned by commenters.
Corporations across the board are struggling to figure out how exactly to be more strategic in their giving. However, working with brands who are able to do so successfully, we have gained a wealth of insight and best practices. The following steps will help you as your corporation looks to get more strategic in your philanthropic giving.
One of the largest palm oil companies in the world, Singapore-based Golden Agri Resources (GAR), has announced a four-year plan to trace more than 7 million tons of palm oil all the way back to its point of origin.
More than 100 years ago, the first fledgling calls for business transparency were heard. At that time, it was in the grueling textile mills where children worked intolerable schedules in place of school. Today, transparency figures into every business sector. Businesses know that consumers care not just about what they buy, but also the values the company puts to work. And they are willing to ask for accountability.
While humane, environmental and hunger-relief organizations are seeking ways to feed the ballooning population that is expected to reach 9 billion by 2050, health organizations are scrambling to curb obesity and stymie heart disease. An abundance of research supports the notion that one of the easiest and most powerful interventions to address all of these challenges is a plant-based diet.
A sustainable economy will depend on business policies that will advance change on a societal level. Here are three important policies that can do that.
Ikea is expanding its product line into surprising new directions. In the coming months, the furniture giant will release a tabletop hydroponic garden and “the iPad of bikes.”
For decades, water scarcity was fiercely debated; today, we recognize it as an unfortunate and permanent reality. Advancing policy, technology and collaboration are the only ways to build a more sustainable and secure water future.
As organizations work to meet sustainability standards across their entire supply chain, they’re taking a hard look at the socioeconomic impacts of the electronics that form the backbone of their business. And they’re holding their vendors to ever-higher expectations.