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
Cross-Posted from Marketing & Communications. In the past decade, corporate sustainability and corporate social responsibility (CSR) programs have come a long way, with companies putting real money and staff into the efforts. Increasingly, companies have appointed top executives to be held accountable in these areas, and just about every big firm issues some kind of sustainability or CSR report.But despite the continued focus, progress remains slower than hoped. Why? After all, studies continue to show that CEOs rank sustainability as one of the most critical business drivers that will affect their company’s success — and financial performance — in the years to come.
What single success driver do branding, design, innovation, sustainability, public policy, product development, sales, social sector program management and organizational change have in common? The answer is simple: engagement. Whenever we do something for people or involving people, engagement must be at the center. If we leave out engagement we’ll quickly become cut off from the very people whose benefit we are working for, and separated from the people we need to help forward our objectives. Then we’ll be left wondering what went wrong.
Net Impact, a nonprofit inspiring a new generation of students to work for a sustainable future, has released its 2013 edition of Business as UNusual: The Student Guide to Graduate Programs. Key findings suggest that social and environmental issues have become a mainstream necessity in MBA programs, driven in part by overwhelming student demand.
The hiring process can be a grueling one — weeding through all those prospects can be a bit like looking for a needle in a haystack. It can be frustrating, and it also presents a lot of opportunity for self-doubt.
Welcome back! Are you ready to leave excellence behind, with all its unsustainable feeders and costs? Ready to make the move to the entirely different and sustainable condition of mastery?You’ve been patient for long enough, so let’s get started. First up: what not to do, followed by the surprise ending where we find the proven path to sustainable mastery.How Not to Attain Sustainable MasteryThe Failed Alternatives
Four female executives at the top of their respective fields will come together next month for a “Presidents panel” at the Women’s Leadership Conference in Las Vegas.The panel will include Carol Evans, President of Working Mother Magazine; Kathleen (K.C.) Ciaramello, President of National Foodservice & On-Premise at Coca-Cola Refreshments; Cindy Kiser Murphey, President and COO of New York-New York Hotel & Casino; and Gail Becker, Chair of Canada, Latin America and U.S. Western Region, Edelman Communications.
In Part I of this series we introduced the Excellence Trap, and diagnosed its drivers and shortcomings. Here in Part II, we’ll take a close look at the costs we incur when we’re in the Excellence Trap, in order to see clearly what unsustainable people and organizations suffer. Then we’ll turn to the solution, introduce mastery and five shifts we must make to become sustainable. And in Part III we’ll discuss the way to get there, as well as the way not to.
The triple bottom line that inspires us is about planet, people and profits. Most of the time, we find ourselves talking about planet and profit, and all their complexities. When we talk about people it is usually about either 1. making sure they have a sustainable planet to enjoy, or 2. working to awaken a concern for planetary sustainability.But what about sustainable people? What about people who are themselves sustainable? What about people who can flourish when challenged, keep delivering over time, bring their best, stay inspired, live and work from integrity, and not burn out? And what about building and sustaining organizations populated by those kind of people?
Last year, aspiring artist Jonathan Harris visited Bhutan to learn about why this country is so imbued with happiness. Bhutan is noted for measuring its Gross Happiness Product, rather than what we do in western cultures, which is to measure our Gross National Product. This model cares more about social and spiritual well-being than financial well-being. Jonathan's project, Balloons for Bhutan, documents his effort to capture “a portrait of happiness in the last Himalayan kingdom.”
In the afterglow of the Sustainable Brands 2013 conference, many companies found themselves inspired to bring positive change back to their business and local communities. At DMV.org, we recognized a huge opportunity to reach a vast network of people and drive actionable change both through our online services and our local community.As first-time attendees to the conference, the entire team walked away inspired, hopeful and committed to becoming change-makers within our company, community and planet. But what can a company that simplifies DMV information online bring to the sustainability table?As it turns out, quite a bit.What We’re Doing
President Obama’s National Climate Action Plan, released on June 25th, calls for strong action to protect remaining tropical forests through a commitment to lead international initiatives in Reducing Emissions from Deforestation and forest Degradation (REDD+).But Obama is not the first to acknowledge the vital role that forests play in climate change mitigation and adaptation. Nor is he the only one currently calling for urgent action on tropical forest conservation.
Cross-Posted from Consumer Behavior Change. Consumer behaviour change is the challenge of our time. An effective response will require increased capacity and capability across the sector: more skills, different skills and more people with those skills. If we are to achieve this, we need cross-sector collaboration with strong, independent leadership.
The American Sustainable Business Council (ASBC), which represents more than 165,000 businesses nationwide and more than 300,000 entrepreneurs, executives, managers and investors, has thrown its support behind President Obama’s recent announcement to introduce new limits to carbon emissions from power plants and other pro-environment measures.ASBC applauded President Obama’s plans to address greenhouse gas emissions and the growing economic uncertainties posed by climate change. The organization says climate change poses a serious threat to American businesses, such as disruptions to supply chains, increasing insurance premiums, structural damage from extreme weather events and rising energy and health care costs.
Virgin Group founder Sir Richard Branson and PUMA Chairman Jochen Zeitz have launched a new non-profit call “The B Team,” which aims to deliver a new way of doing business that prioritizes people and planet alongside profit — a "Plan B" for businesses the world over.
This is the fourth in a series of posts on things Kevin Hagen learned while leading Corporate Social Responsibility at REI for the past seven years (read parts one,
Apple CEO Tim Cook announced at the D: All Things Digital conference this weekthat he has hired former Environmental Protection Agency (EPA) Chief Lisa Jackson to head up the technology company’s environmental activities.
In response to the growing effects of climate change on winter recreation, some 108 ski areas from around the United States have joined with 40 other businesses in signing the Climate Declaration, which calls upon federal policymakers to take advantage of the economic opportunities of addressing climate change.
This is the third in a series of posts on things I learned while leading Corporate Social Responsibility at REI for the past seven years (read parts one and two).I’m often asked if incremental improvements can really lead to sustainable business outcomes. In my experience leading sustainability and corporate social responsibility efforts at REI the answer is: yes and no. It all depends on what happens next.
Last month, Ashoka Changemakers announced four winners of its League of Intrapreneurs: Building Better Business from the Inside Out competition, honoring initiatives within organizations that are pioneering game-changing models for business and society.
The Greater Good Science Center, based at the University of California, Berkeley, has launched an online Compassionate Organizations Quiz, co-developed by CompassionLab and based on more than 10 years of research by CompassionLab and Center for Positive Organizational Scholarship at the University of Michigan Ross School of Business.