The Supreme Court’s 2010 “Citizens United” decision affirms the legality of treating corporations as persons — having a right to free speech, manifested in money contributions in elections. But, corporations should not be treated as people, because they do not act like people. The focus of the following six posts in this series is to show how certain human moral values and some corporate behaviors are incompatible, using JPMorgan Chase as an example.
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. Topics include: Conscious Capitalism, Social Enterprise, B-Corps, Circular Economy, Sharing Economy
The Alliance to Save Energy, an association of lawmakers and manufacturers are promoting a bill that would strip consumers of the right to lodge class action litigation against companies that falsify Energy Star ratings. Consumer advocates and trial lawyers argue however that companies stay honest when they know that there is more to risk than simply having to return a customer’s good-faith investment.
While the debate about Porter and Kramer’s creating shared value (CSV) concept has lately taken a more critical view, two aspects of the concept have largely been neglected: instrumental versus ethical CSR and the lack of interaction between business and academia.
A growing number of millennials are living with their parents. This is good news, right? Millennials seem to adopt a more responsible economic behavior, avoiding the same reckless financial decisions that got so many people in trouble only a few years ago. Well, not so fast. The reports on this trend widely present it as a problem rather than an opportunity. Why? Because by not buying houses, millennials are hurting the real estate recovery and a weak housing market has been a burden on the U.S. economic growth.
Zong needed a way to get his new Tesla home from the dealership; his idea evolved to a “demonstration of the power of Internet-based organizing and a grassroots alternative to government-backed charging-facility projects,” the Caixin report says.
Nearly 80,000 of Maryland offshore wind energy development leases are to be auctioned and another of 344,000 acres offshore New Jersey is being proposed. All told, the two Atlantic Ocean parcels could support a massive 4,850 MWs of clean, renewable power, enough for 1.5 million U.S. homes.
In response to employee demand, particularly from millennials, a growing number of employers are adopting an official engagement policy on sustainability. “People are realizing that these are not ‘nice-to-have’ programs,” Susan Hunt Stevens, founder and CEO of WeSpire, told Triple Pundit. “They drive the bottom line and the top line of business.”
Recently PepsiCo CEO Indra Nooyi gave some frank answers to questions about work/life balance that coincide more with Anne-Marie Slaughter than Sheryl Sandberg. As in, work/life balance? At the c-suite level, there isn’t any.
Southwest Airlines’ latest project– LUV Seat: Repurpose with Purpose– is a multi-phase sustainability program that partners with social enterprises in Nairobi, Kenya; the Republic of Malawi and the United States to produce goods that create opportunities for training and employment while preventing additional waste.
Companies with female CEOs and/or women on their boards on average consistently outperform companies without women in the c-suite, yet the number of women in these positions remains very low.
Eden Foods’ owner, Michael Potter, is hoping that the Hobby Lobby decision by the Supreme Court will mean he won’t have to pay for contraceptive coverage for his employees. But while he’s rallying for change, another battle is taking place in health food stores, where customers are returning his products and pressuring retailers to drop Eden Foods products.
Some questions the legitimacy or fairness of Uber’s business tactics, especially given the fact that it operates in many places within a “grey area” of the law. Yet, behind these arguments lie even more fundamental questions: Is Uber still considered part of the sharing economy? Is it exploitative? And if you answer ‘yes’ to both questions, what does it say about the sharing economy?
Foster Farms is gearing up for a new battle, this time with its insurance carrier, whose underwriters are refusing to compensate the company for its longstanding problems with salmonella, and it seems, the lack of a USDA recall earlier in the process.
Katie Kross provides clarity, tips and resources for navigating paths to green careers in her book, “Profession and Purpose: A Resource Guide for Careers in Sustainability.”
This post by New Resource Bank’s Gary Groff is about how smart investment and debt management enables mission-driven companies to scale without compromising their missions.