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Walking the Talk

These companies have moved beyond pledges and are making good on their commitments to pursuing a purpose beyond profit.

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250+ Craft Brewers Join Brewgooder’s #DrinkBeerGiveWater Movement for World Water Day

Cross-Posted from Collaboration. This World Water Day (March 22), over 250 craft brewers from around the world will launch unique brews, proceeds benefitting The Brewgooder Foundation and its sustainable development projects across Malawi.

BNP Paribas, JetBlue to Close Aviation Industry’s First ESG-Linked RCF

Cross-Posted from Finance & Investment. JetBlue’s amended $550 million RCF includes a “sustainability-linked” provision, to align its strategic initiatives with its environmental, social and governance (ESG) performance goals — which the airline has been doing for years, in various ways.

Trending: Visions of a New Energy Future from Vattenfall, BP?

Cross-Posted from Cleantech. Two strikingly different displays emerged this week, as the energy companies shared their visions of how we might achieve a global clean energy future.

B2B Companies Facing ‘Paradox’ When It Comes to Implementing Purpose

Cross-Posted from Organizational Change. New report finds 86% of B2B organizations recognizing business case for purpose; but not yet realizing significant impacts for growth via culture, operations, societal engagement.

Q&A on LTSE: SASB Founder Jean Rogers on the First Legally Binding, Sustainable Stock Exchange

Cross-Posted from Finance & Investment. Created by some of the brilliant minds who built the Sustainability Accounting Standards Board (SASB), the Long-Term Stock Exchange is a first-of-its-kind exchange that invests in companies focused on long-term value creation, while requiring the listed companies to report on their sustainability.

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How Being a Benefit Corporation Can Legally Protect a Company’s Mission

The rise of the benefit corporation is in direct response to shareholder primacy. Under benefit corporation frameworks governed by state law, corporations that operate according to a “doing well by doing good” ethos may be shielded from a range of acquisition tactics and shareholder suits.

Starbucks Commits to a Resource-Positive Future, Giving More than It Takes from the Planet

Cross-Posted from The Next Economy. In a public letter to all company stakeholders, CEO Kevin Johnson sets 2030 science-based targets for carbon, water and waste as part of a multi-decade aspiration.

Microsoft Will Remove Its 45 Years' Worth of Carbon Emissions by 2030

The tech giant has committed to carbon-negativity within a decade, and erasing its entire carbon footprint — everything it has emitted since its founding in 1975 — by 2050.

The 3 Pillars of a Conscious Organisation

Cross-Posted from Organizational Change. A conscious organisation accepts that there are limits to profit and that it should not be the priority. This change is about future-proofing your organisation. It’s not an ‘if’ question — it’s ‘when.’

BlackRock Responds to Demands for Stronger Climate Action with Bold New Commitments

Cross-Posted from Finance & Investment. CEO Larry Fink has called for “a fundamental reshaping of finance” in response to the climate crisis, but BlackRock remains the largest investor in fossil fuels and the companies driving deforestation around the world.

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Attention, Businesses: Don’t Let Your Trade Associations Undermine You on Climate Action

We know that companies have many issues to juggle and that representation on one issue can outweigh misrepresentation on another. However, on climate, we don’t have time to waste.

Tackling the Social Barriers to Good Health

Abbott’s new Future Well Communities program works to fight diabetes by partnering with local stakeholders to address the social determinants of health.

Walking the Talk: How Companies Are Delivering on the Promise of Social Impact

Cross-Posted from Collaboration. The metrics used by consumers, employees and investors to measure a company’s success are changing quickly, so the most forward-looking businesses are focused on implementing solutions that benefit people, society and the planet more-broadly — while bolstering their bottom line, too.

Why Outsourcing Customer Service Kills Purpose-Driven Brands

Cross-Posted from Organizational Change. In 2013, TOMS made a terrible mistake: We outsourced Customer Service. If you’re building a purpose-driven business and considering a major “cost-cutting” decision, please learn from our mistakes. The “soul” of your brand may be at stake!

Inside the 2019 CSR Risk and Performance Index: Regional and Sector Comparisons

Despite overall sustainability performance remaining mostly steady, EcoVadis’ latest CSR Risk and Performance Index shows significant differences between regions and industries.

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Air, Water and Earth: Reducing Environmental Impacts Across the Three Elements

Cross-Posted from Organizational Change. With goals to achieve carbon-neutral factories by 2030, to reduce CO2 emissions in its supply chain, combat deforestation and step up its efforts to tackle littering, PMI is working to reduce its environmental impacts, end to end.

How Business Can Avoid Fuelling Conflict and Work to Build Peace

On the third and final day at the UN Forum on Business and Human Rights, it was clear all businesses are being asked to address a fourth ‘p’ — peace. As well as helping to prevent conflict, companies are increasingly taking responsibility for sustaining peace.

Anti-Corruption, Respect for Human Rights Are Part of One Holistic Business Challenge

What Legal Counsels and Chief Compliance Officers have to learn from sustainability and human rights experts is that this can never be a question of compliance alone.

Trending: CDP, LA, NYC Call for Radical Shift in Companies’ Treatment of Forests

New CDP research says industry 2020 zero-deforestation commitments are now impossible; and Councilmembers and Indigenous activists in New York and LA call for a boycott of Brazilian meat companies and a shift toward plant-based diets.

North American Companies Lag Behind in Protecting Children’s Rights

New global benchmark study, released today, shows that companies worldwide are making incremental positive changes to protect children’s rights, but need to significantly accelerate the pace, as risks continue to outpace progress.

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