Today, 1.2 billion people, or almost a fifth of the world’s population, live in areas of water scarcity, and, according to the U.N., this number will climb to almost 2 billion by 2025. The good news is that citizens, governments and businesses are waking up and acknowledging the importance of water stewardship.
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.
Many products command premiums due to their geographic origins and native know-how. Corporate social responsibility initiatives have a role to play in preserving and protecting them.
Tax policy can enhance the social impact of business and support business at the same time, says Wayne Dunn, president of the CSR Training Institute. We are seeing some governments making corporate social responsibility (CSR) policy into a tax, setting minimum amounts that companies must spend on CSR, often with little thought for value and impact.
Dunn puts forward the case for replacing that with its polar opposite – using tax breaks to incentivize and enhance CSR to everyone’s benefit.
The paper industry is pushing back. The Paper and Packaging Board has launched a site that touts paper’s benefits. The campaign, called “How Life Unfolds,” showcases studies on how paper is better for learning, can forge stronger emotional connections from that wedding invitation to that saved football game ticket and also promotes the industry’s environmental stewardship.
Traditional cause marketing has lost its meaning and relevance. It’s time for a new approach from purpose-driven companies that weave cause — not cause marketing — into their corporate DNA.
Procter & Gamble just dropped two announcements, concerning climate change and clean water access, that prove it’s serious about sustainability.
Whole Foods stocks have declined in recent years. The company is fighting back with a new, leaner prototype of its brand, due to open this year. It’s just in time, as it’s got lots of company in the organic food business.
SPECIAL SERIES: 3p Explores Climate Week NYC 2015
As world leaders prepare to convene in Paris to discuss an international climate agreement, a growing number of private firms are contemplating their role in a low-carbon future. Expect big announcements from the public and private sector at Climate Week NYC 2015.
Pet food companies are starting to get the message that if they do not clean up their acts and show improvement in how their products are manufactured, their most vocal critics could convince politicians to tighten the regulatory screws. Whether these moves will mollify their critics, however, is another story.
There are a number of reasons that the hospitality industry should be at the forefront of reducing water usage. For starters, it would benefit them: Hotels will often pay twice for the water they use, purchasing fresh water but then disposing of it as waste. Indeed, it’s been estimated that they could cut down the amount of reduced water by up to 50 per cent, per guest, per night if they put the right processes in place.
Best Buy is gambling that you’ll stay and shop after you drop off used electronics. But is the big-box retailer covering all the expenses while other companies reap the rewards?
The 720-acre center in Dearborn, Michigan, has more than 12,000 employees in 34 buildings. In other words, it generates a lot of waste. But it is now completely landfill-free.