How organizations are addressing the 'G' in ESG – striking the balance of maximizing long-term growth and value while safeguarding the interests of all stakeholders
Two years after it pledged to eliminate artificial additives from its menu by the end of 2016, Panera Bread has released a new campaign in celebration of meeting its goal.
In a world where consumers are increasingly buying into brands that stand for more than just positive gains in profit, having the ability to clearly communicate your company’s social good efforts is more important than ever. From educating consumers on how to make better consumption and lifestyle choices, to inspiring other business leaders and decision makers to follow suit, the opportunities that come with being a purpose-driven company (and being able to effectively communicate this differentiating factor) extend far beyond the sales numbers. As with most things in life, however, these opportunities don’t come without challenges – challenges which tend to stem from the lack of both strategic and creative communication knowledge and leadership skills.
Energy giants Statoil and BP are part of a growing number of utilities future-fitting their operations to better compete in the emerging low-carbon economy. The two companies have recently invested in new wind and solar power projects across Europe, demonstrating their commitment to transition away from fossil fuels.
According to a new report by Germany’s Öko-Institut, Europe has its work cut out for it if it intends to stop the planet’s temperature rising above the two-degree limit agreed upon by world leaders at COP21. As it stands, the EU will need to cut global warming transport emissions by 94% by 2050 — a lofty goal that will require significant efforts be undertaken by all Member States. The Paris Agreement, which came into effect in November 2016, sets the cap at two agrees above pre-industrial levels, with an aspirational goal of 1.5%. But climate experts warn that even a two-degree rise could have catastrophic impacts.
In collaboration with Climate-KIC, South Pole Group and ICLEI – Local Governments for Sustainability, Gold Standard — a global benchmark for climate and development initiatives — has announced a new framework designed to unlock billions of dollars needed to scale-up clean technology and sustainable development in cities around the globe.
Leading Japanese consulting companies including Deloitte Tohmatsu Consulting (DTC) and Mitsubishi UFJ Research and Consulting (MURC) are actively enhancing their pro bono businesses. Rather than it being simply voluntary work, their aim is to use their employees’ specialized skills to help social businesses and the NPO/NGO sector, thereby increasing their employees’ positive motivations and, as a side effect, enhancing their companies’ social reputations.
The Chief Sustainability Officer is a crucial position within any business, working at the very core of a company’s sustainability strategy. When Nissan decided to appoint its first CSO, CEO Carlos Ghosn personally chose SVP Hitoshi Kawaguchi for the job. We spoke to Kawaguchi about Nissan’s approach to CSR and CSV (Creating Shared Value) and the role each plays in working towards a society of sustainable mobility.
Giving back to the communities that supply your business with labor and raw materials isn’t just a matter of ethics or public relations; it’s also a wise business practice to adopt for its own sake. Taking care of the people who live and work in your company’s shadow ensures the long-term sustainability of your supply chain and improves the quality of the talent pool that may someday produce your best and brightest employees.
Just one month from the inauguration of Donald Trump and the appointment of his cabinet of climate deniers, an international coalition of human rights and environmental groups is appealing to President Obama to take one final action to advance justice and action on climate change in spite of Trump.
The health and wellbeing of a company’s workforce is integral to building a sustainable brand and retaining top talent. Because of this, the millennial workforce has pushed companies to alter office spaces to better fit their needs. One-third of office workers said the design of an office would affect their decision to work for a company; given this, brands are choosing to renovate or move to new spaces in an effort to improve the way their employees work and attract new talent.
Boards are the last great sustainability frontier. They set the sustainability tone at the top, which then cascades throughout the company. It is essential for boards of directors to be engaged in the sustainability agenda. They define the long-term view, anticipating and addressing risks from social and environmental impacts. Progressive boards recruit and incentivize leaders to build sustainability into the company’s business model and value chains. And now that the sustainability ROI has been proven, sustainability has become part of the board’s fiduciary responsibility.
Bangladesh is no longer one of the world’s poorest nations. Today, this emerging nation is steadily growing as one of the world’s leading apparel manufacturers. However, the country’s economic structure remains fragile due to its heavy dependence on textile exports and overseas remittances from emigrant workers, and the country’s manufacturing base and infrastructure require urgent improvement.
Last week saw the premiere of “Incorporated,” a dystopian Syfy series produced by Matt Damon and Ben Affleck.
A cross-party group of British MPs has launched the ‘Divest Parliament’ campaign, with the help of environmental group 350.org. ‘Divest Parliament’ aims for greater transparency on the Parliamentary Pension Fund’s £589 million investments and demanding a commitment to divest from fossil fuels to tackle climate change.
Cross-Posted from Innovation & Technology. Coming off a string of apparent strides toward recognizing the benefits of sustainability – including ratifying a shareholder resolution that commits the company to investing in a low-carbon future, earning a place on the Dow Jones Sustainability Index (DJSI) earlier this year, launching an online tool for low-carbon startups to access financing, and last month
Yesterday, the European Commission (EC) announced it will begin phasing out coal subsidies and reduce carbon emissions by 40 percent by 2030 under a new clean energy package.
Despite uncertainty as to whether the U.S. will continue to play a part in global renewable energy adoption and fossil fuel reduction, business and other countries’ governments continue to ride the wave of commitments that have arisen from COP22 last month.
Modern global nutritional problems derive from food excess as well as food shortage. Traditionally a first-world problem, obesity is now spreading to developing countries. Individual countries and companies are responding to the Sustainable Development Goal to improve nutrition. One unique employee cafeteria has sparked a huge movement to improve nutrition in Japan.
In the aftermath of the U.S. presidential election, the Facebook pages of most people who care about sustainability read like a grief or suicide support group. Amidst the weeping and gnashing of teeth, there is a sense of everyone looking forward to the next election in two or four years. While I understand the sentiment, it is important to remember that election cycles are always at the whim of a small group of swing voters, whereas every person who cares about sustainability and social justice has a chance to vote many times every single day and that vote might ultimately have as much, or even more impact on the future (and present) as elections do.
Domestic migrant workers make up a substantial percentage of the workforce in China's manufacturing industry. Latest figures estimate that there are 247 million migrant workers in the country. These workers often originate from towns and villages hundreds or thousands of miles away from the factories where they work. The majority of these workers are parents, and due to childcare needs and the Hukou system – a household register that has tied people's access to social services to their hometowns, making it difficult for millions of domestic migrant workers to take their children with them.