Corporate responsibility advocates were quick to label the story a win from a stakeholder engagement standpoint, and it surely shows what can happen when consumers take action. But it also begs the question: Why Walgreens?
Category: New Economics
This category is about the relation between business economies and sustainability and CSR. Company economies have great impact on how much effort they put into their CSR strategy and incorporating green strategies can have an effect on company growth.
The Genesis Generation Challenge aims to identify and provide $1 million in seed money for innovative projects to address the world’s toughest challenges.
“The 20th century economy was powered by big corporations that standardized everything because they never really knew their customers,” explains Brian Chesky, the 32-year-old founder of sharing economy darling AirBnB. “The 21st century economy will be powered by people.” Once again, it’s time to adapt or die.
There’s more to this story than just calorie, fat and sodium accounting. Here are four lessons we can learn from last week’s news.
I’ve worked with many companies on stakeholder engagement and help many of them understand activists and activist campaigning — and they are as guilty of getting it wrong as the activists themselves. No, I take that back. They get it wrong more often than activists. Let me share one thing that every company consistently gets wrong: Activists do it for the money.
The concept of impact investment — which has the explicit purpose of supporting economic and community development — is receiving a growing amount of attention from an increasingly diverse set of financial players. This emerging trend is one of the most exciting and potentially problematic, trends I’ve seen over the last decade.
Earlier this summer, the Global Reporting Initiative welcomed a new chief executive. I was privileged to chat with Michael Meehan on the phone about his thinking.
The point is that the Libertarian view of big government and massive government intervention as the source of all evil is not realistic or grounded in the way a complicated and globalized world works.
Capitalism is only a particular manifestation of the way business may be conducted. In fact, some may view it as a corruption of business, which undermines economic and social resilience. It is what the anthropologist and cyberneticist Gregory Bateson insightfully understood as the ‘original corruption’ which pits us against Nature in an evolutionary cul-de-sac of selfish ascendance.
A number of the largest PR firms came out, in response to surveys administered by the Guardian and the Climate Investigations Centre, and collectively announced that they will no longer represent firms that want to spread messages denying the reality of man’s role in the disruption of the climate.
Shame involves an attack on one’s inner worth. It is one of those traits that reveals self-reflection, of which humans alone seem to be capable.
India, the world’s largest democracy has taken CSR to a new level: it’s mandated it as a requirement for companies that meet certain financial limits. And not everyone is happy about the new revision to its companies act.
Investment in energy efficiency projects has been in a long-term decline, going back to a peak of about $2 billion annually in 1992, which has drifted down to about $1.2 billion in recent years. Chris Hummel, chief marketing officer of Schneider Electric, thinks that all of that is about to change. After ticking off some $7 billion in new financing going into efficiency from state banks in Europe and the U.S., he told the Guardian the reasons why energy efficiency is about to come roaring back.