When Leonardo DiCaprio channeled his long-awaited Oscars acceptance speech last weekend into an urgent call to climate action, it represented something of a defining moment. In just 60 seconds, he effortlessly pushed the emerging concept of ‘society as stakeholder’ into the media spotlight, forcing more than 34 million viewers to take note.
What if the celebrities on the red carpet were asked questions such as “What is your purpose?” instead of “Who are you wearing?” PwC wants to find out. A partner in tallying the Oscar ballots and delivering the results on the big night, PwC aims to rethink the role of the red carpet.
Leading up to her trip to the Parley Ocean School, adidas Group designer Jasmin Bynoe was unsure of what to expect. She was about to take to the seas for a 5-day adventure in the Maldives alongside 17 of her colleagues from adidas; they would be learning about plastic pollution and what they could do to help from Parley for the Oceans educators, and it was sure to be a unique experience.
Nearly 12 months ago, I dove into the investment ecosystem to survey from the inside the dynamics of the ‘sustainable investing’ trend. I was moved to do so by the much ballyhooed transfer of investable wealth to values-seeking millennials (estimated at $30 trillion) and to women (estimated at $22 trillion). How prepared was Wall Street to meet this imminent and perhaps pent up demand for well-performing investment vehicles that enhance the sustained well-being of people and the planet?
The 2016 MPI European Meetings & Events Conference in Copenhagen on Tuesday saw the launch of the #BeeSustain Challenge, an immersive new workshop experience intended to help industry professionals to incorporate sustainability into event planning, share best practice and reduce their financial outlays.
As the demand for transparency and emphasis on consumer choice continue to grow, so do the challenges of supply chain management. Brands are increasingly expected to work with their suppliers to reduce their environmental impact, eliminate labor abuses, and replace certain ingredients. Ensuring product quality and label accuracy remains an issue, especially for brands with international suppliers or extensive supply chains.
Businesses that join global efforts to end extreme poverty and protect the planet’s finite natural resources can reap great rewards and protect their long-term performance, a proposition that will be tested by a new commission launched today at the World Economic Forum.
Two-thirds of CEOs (66 percent) see more threats facing their businesses today than three years ago. Just over a quarter (27 percent) believe global growth will improve over the next 12 months, a decline of 10 points on last year.In addition, PwC’s Annual Global CEO survey shows only slightly more than a third (35 percent) are very confident of their own company growth in the coming year, down four points on last year (39 percent), and even one point below 2013.
Millennials are earning a reputation for doing things differently. They communicate intensively using social networking (Facebook, Twitter, Pinterest), are revolutionizing transportation (Uber, Lyft), and are now demanding corporate sustainability and accountability. Currently the largest living generation in the United States, Millennials have enough ‘buying power’ to throw their weight around.But this innovation doesn’t happen by chance or because Millennials passively expected it — they create it by advocating for themselves.
Four years after launching its corporate responsibility strategy, Travel with Purpose, Hilton Worldwide says its investments in global partnerships and sustainability programs is not only driving positive social impact, but also supporting long-term business success. Hilton discusses its strategy and provides updates on its global impact in its fourth annual corporate responsibility report.Travel with Purpose was designed to examine global issues where Hilton can make an impact while simultaneously contributing to its future success:
“It was the best of times, it was the worst of times … the Spring of Hope, the Winter of Despair …”Charles Dickens’ words feel current and vivid as we think about our world today. We may at last have some energy towards a meaningful international agreement on climate action. We are seeing sustainability feature in the corporate and political mainstream like never before.
Heard of the Good Work movement yet? If you haven’t, it’s probably because companies such as Uber and Airbnb get more press. The Good Work movement, founded by the National Domestic Workers Alliance in October, is a gathering of companies pledging to deliver the protections and benefits that gig companies such as Uber notoriously fail to offer.There’s a lot going on here, and the movement’s model is extremely important for the future of work. Here’s why.
Interim results from PwC’s Annual CEO Survey show that CEOs at major international businesses are coming to terms with the implications of the transition to a low-carbon economy, reinforced by the new global agreement on climate change reached last weekend at the conclusion of COP21 in Paris.
A sales manager recently told me about an embarrassing scene that unfolded before an important client meeting. “Two teams from our firm were waiting in the lobby when the client walked in, and the groups didn’t recognize each other,” she said. “What a contradiction of our promise to provide integrated solutions! We looked like the Keystone Kops.”
Around the world there is a growing consensus that a company’s social role goes beyond meeting legal requirements, complying with ethical standards, creating jobs and paying taxes. People everywhere now expect companies to act as social leaders, using their business expertise to lead social change.In response to people’s changing expectations, the world’s most innovative companies are building social value right into their core business strategies, not only to address poverty and other problems in their communities, but also to improve workplace relations, gain market advantages and grow profits faster.
There was a lot of discussion last week at SB’15 London around the so-called ‘aspirational generation’ - a rising generation of millennials with higher sustainability expectations of brands whose products they buy, as well as for those they work for. How to attract and retain a motivated workforce (younger and older, alike) with more stringent demands for positive purpose and impact was the core theme of Tuesday afternoon’s breakout session.
In the past few weeks we talked about what purpose is, how it’s affected the economy, and why it’s so important from a psychological perspective. We ended the last post by beginning to understand the differences between Humans and Econs [Humans being real people in the real world, and Econs being our theoretical version that economics is based upon] and the unfortunate truth that most companies are, unlike us, Econs.