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
The opening plenary session at SB ’15 London introduced attendees to this year’s theme, HOW NOW?
Walmart employees’ low wages make it difficult for them to meet ends meet, and many go hungry or require assistance from local programs and food banks, according to OUR Walmart - a worker-led organization focused on pressuring the world’s largest retailer to pay its workers $15 an hour and extend full-time employment. To bring the issue to the attention of the Walton family leading up to the Thanksgiving holiday, OUR Walmart has launched a “Fast for 15” initiative.
On November 5, 12 Australian companies committed to climate action at the Australian Climate Leadership Summit in Sydney, an official lead-up event to the COP21 UN climate conference. They join over 250 other companies from around the world who have made commitments through the We Mean Business coalition, including over 40 multinationals that are headquartered or active in Australia.
After spending much of her childhood in landfills near Mexico City, 22-year-old Sandy Yazmin Colohua Gomez is now one of the women who has gained financial independence and confidence through The Coca-Cola Company’s 5by20 initiative. The company has released a short film, 5by20: Meet the Artisans, to share the global impact of the initiative through stories such as Sandy’s.
I came to Colorado, like millions before me, for the mountains, the active, sustainable lifestyle — and, of course, the beer. Coloradoans love their beer. So when I was invited up to Fort Collins to check out the water-saving initiatives of a local brewery I jumped at the opportunity. “Which one?” I wondered. Fort Collins is home to more than 15 breweries (roughly 1 for every 10,000 residents), amongst the highest concentrations for any city in America. New Belgium is a certified B Corp — that’d make sense. Or maybe Odell?
Today, President Obama rejected the Keystone XL pipeline that would have connected Canada’s tar sands to refineries in Texas. The project became a symbol of the fight against climate change, making its rejection a huge victory for the “unprecedented coalition” of groups that came together to oppose it.In his announcement, the President said that he agrees with the State Department’s decision that the Keystone XL pipeline would not serve the country’s national interests, nor would it make a meaningful long-term contribution to the economy.
To celebrate Thanksgiving this year, outdoor gear and apparel retailer REI is taking a bold stand against the chaotic caricature of capitalism that is Black Friday by closing its doors and paying its employees to live the company ethos — by spending the day enjoying the great outdoors with their loved ones.In an email sent to customers on Monday, the co-op announced that it’s closing all 143 of its stores on Black Friday.
This summer, JetBlue announced New York City-based Hot Bread Kitchen — a social enterprise that builds lasting economic security for foreign-born and low-income women by introducing them to professional opportunities in the culinary industry - as the first winner of its “BlueBud" business mentoring program.
One of the highest standards for social and environmental responsibility in business, B Corp certification, was awarded to Fetzer Vineyards and praised by the U.S. Department of Labor last week. The certification developed by the non-profit B Lab now signifies over 1,400 responsibly run companies from 130 industries and 42 countries. The performance standards are comprehensive and transparent, and measure a company’s impact on all of its stakeholders, including workers, suppliers, community, and the environment.
Earlier this month, He Named Me Malala, the feature-length documentary on the inspiring story of Nobel Laureate and girls’ education activist Malala Yousafzai, opened in theatres across the U.S. and Canada. To accompany the release, her charity, the Malala Fund, launched a Stand #withMalala global campaign to encourage people to stand up and take action for education rights.
General Mills, IKEA and Best Buy are among the 81 companies to recently join the White House-led American Business Act on Climate Pledge, which sets significant greenhouse gas reduction and renewable energy sourcing goals for 2020 and beyond.The pledges focus on increasing energy efficiency, boosting low-carbon investing and making sustainability more accessible to low-income Americans.
Today, a group of some of the world’s biggest brands, retailers, NGOs and industry groups launch a Social and Labor Convergence Project, with the aim of improving working conditions in apparel manufacturing across the world.The group says the project seeks to achieve real, sustainable change through the collective development of an industry-wide, standardized methodology for social and labor performance assessment in apparel and footwear supply chains. Through this, the industry believes that it will be able to significantly reduce the amount of money that it spends on duplicated auditing and invest the money saved in improving social welfare for millions of people employed in apparel manufacturing around the world.
During the last decade or so, human resource management has been essentially flipped on its head. What was once a decidedly employer-centered market has become one driven by the needs and concerns of the employee. Despite still relatively high competition for jobs in a recovering global economy, more and more companies that require a skilled workforce find themselves competing for the people they need to get the job done. As the human capital gurus over at Deloitte so succinctly put it in its Global Human Capital Trends 2015 report, “Employees are now like customers; companies have to consider them volunteers, not just workers.”
The world’s most innovative leaders know that social businesses are more profitable businessesConsumers around the world, from Vancouver and Toronto to Shanghai and New York, believe that a company’s social role goes beyond simply meeting legal requirements, complying with ethical standards, creating jobs and paying taxes. Research shows that consumers everywhere expect companies to act as social leaders, using their business expertise to lead social change.
“Women challenge the status quo because we never are it.”Addressing a (thankfully) diverse audience of sustainability professionals in London, UK, last month at an event hosted by The Crowd, Cindy Gallop -– a global activist for the gender equality movement -– pulled no punches in reminding business leaders why women are essential to making corporations fit for a better world.
Gaming, hotel and resort company Caesars Entertainment Corporation released its sixth annual Corporate Citizenship Report, Inspiring Citizenship, this week. The company achieved most of its 2015 targets early and has established new interim targets for 2020 in accordance with their goals for 2025.Highlights of environmental progress include:
Starbucks UK has announced it is going beyond government recommendations for the National Living Wage and will be the first private company to implement housing and homelessness charity Shelter’s Tenancy Deposit Loan Scheme, to help its employees manage the cost of living.“There are now 11 million private renters in England, and as housing costs keep rising, more and more people are struggling to scrape together the deposit needed to rent a home," said Shelter chief executive Campbell Robb.
Paris is getting ready to host the United Nations international conference on Climate Change (COP21). For businesses, COP21 seems a good opportunity to communicate to their stakeholders. But what to say and to whom? And what are the risks of communicating on climate change during this fraught period of time?
Climate risks currently aren’t top-of-mind for most mainstream investors, but the potential value at risk for investment portfolios is significant, according to a new report by Preventable Surprises, a business risk think tank.
Several dozen companies that endorsed the New York Declaration on Forests at 2014’s United Nations Climate Summit are taking concrete steps to eliminate commodity-driven deforestation from their supply chains, according to a new report from Supply Change – a project convened by Washington D.C.-based non-profit Forest Trends.