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Many brands that choose to shun any real efforts at executing corporate philanthropy are putting themselves on the path to extinction.
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In the U.S. alone, over 17 billion pounds of office furniture and equipment is sent to landfill every year. This waste is typically a result of necessary changes like moving, branch closures or revitalization projects. The furniture needs to be removed or replaced but it is what's being done with the furniture or, "F", waste that is the problem.
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Have you heard about social enterprises? Social enterprises apply business solutions to social problems. They're incredibly hot right now. So hot, in fact, that I've just come back from the Social Capital Markets (SOCAP) conference in San Francisco where there were over 2000 attendees.
A real transformation of Canada's role in the world will require more than a shift in foreign aid spending and policy. It will require a deeper examination of the ways in which Canadian commercial interests are contributing to social, economic and environmental injustice in the world.
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I think I'm reasonably well versed in issues surrounding the Energy East Pipeline, both economic and environmental. But I am struck by how, in any official TransCanada communications about environmental implications of the project, climate change is never mentioned.
It seems incredibly naïve to think that a profit-dependent, commercial venture is the final bastion of democratic values. Yet, in an age when companies are capitalizing on social responsibility, are brands unwittingly turning themselves into moral pedestals?
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Organized sport played an important role in the residential school system, which means that sport is implicated in Canada's history of cultural genocide. How we move our bodies, the values we attach to those movements, and the resources we provide to support certain types of movements and not others are political decisions.
Interest in green economies, sustainable products and ethical commitments are undeniably growing. But, while consumer awareness for sustainability is rampant, does the talk translate into action? Have conscious consumers actually changed their buying habits to promote sustainability? Not necessarily, it seems.
I know that global trade is critical to raising many poor families out of poverty -- as in the Bangladeshi families noted above. But the economic model I want to see more of is one where strong local economies around the world are meeting people's needs in a sustainable and healthy way.
April 10th to April 16th is National Volunteer Week, a celebration of Canada's 12.7 million volunteers -- that's nearly a third of the country's population. With such a passion for volunteerism, it's no wonder that Canadians, like employees in other parts of the world, are looking to their places of work for more opportunities to give back.
Thus, the problem runs much deeper than the name they chose. Corporate profiteering routinely commandeers representations of Indigenous cultures for its commercial objectives. This includes well-known brands such as Ralph Lauren and Victoria's Secret, to name two recent examples.
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The transformational company recognizes that global forces such as accelerating climate change, rising inequality, growing resource scarcity and changing customer expectations are affecting the context in which it can succeed and thrive. To build its social license to grow, it future-proofs its operations and supply chains by tackling social problems through its core business model.
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Engaging staff in a cause that matters to them is a win-win for both company and employees. Companies with high employee engagement report more productivity and lower absenteeism and turnover.
As the end of the year comes to a close, industry leaders are already preparing for what's next and refining their 2016 strategies to stay on top of the market. With baby boomers retiring and millennials being the most studied generation to date, market leaders can gain insight from the next generation, Generation Z.
Is reputation management the same as corporate social responsibility? Should our company send press releases for good news but close ranks when it's bad news? Myths about reputation management are rarely made as explicit as these questions, but misunderstandings such as these create a disconnect.
Earth Day is an important date on the calendar that puts the spotlight back on the planet. However, as we all grow more interconnected around the world with a greater ability to have an impact -- both positive and negative -- it's equally important to recognize that the principles of Earth Day can't be ignored the other 364 days of the year.
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Jason Inch likes "doing business by doing good." One of his most interesting ventures, for example, is a real estate play in Shanghai that isn't about making anybody rich. Instead, it exists to help China manage urban density while also empowering people to "work, meet, socialize, create, exercise, eat, drink and live multi-faceted lives."
It's no longer enough for businesses to simply buy and sell their products and services without considering the world in which they operate. Companies must voluntarily do business in an economically, socially and environmentally responsible manner to be sustainable over the long term.
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OTTAWA - The federal government is planning to punish bad behaviour by Canadian resource firms operating abroad if they break Ottawa's new rules on corporate social responsibility.International Trade...
No challenge derails managers from the goal of sustainability more than understanding what it means for an organization to really be sustainable. Some people think sustainability is all about environmental issues. Others see it in terms of the bottom line. And then, of course, there are people who use the term synonymously with corporate social responsibility and shared value. Business sustainability is none of these things. Rather, it is about time.
One year ago this week, a girl named Tahmina went to work. That morning, the Rana Plaza factory where Tahmina worked collapsed. She survived, but her supervisor and over 1,100 other workers were killed in one of the worst industrial disasters in history. We all want to know what we can do -- individually and collectively -- to prevent a future tragedy.
One year ago Asia Pulp & Paper (APP) announced its Forest Conservation Policy (FCP), immediately halting all natural forest clearance across its entire supply chain. Specifically, we outlined four key priorities for 2014 to engage our broader industry and other sectors to help accelerate the realization of zero deforestation.
As we prepare for the holiday season, many of us are thinking about how we can be responsible consumers. The conflict in the Congo is fuelled and funded by minerals -- gold, tin, tungsten, and tantalum. Too often, these minerals end up in our cellphones, computers, and jewellery. Just as people can now give ethical diamonds, we should be able to give electronics and jewellery in good conscience.
Can a company truly be considered a good corporate citizen while taking money from taxpayers through corporate welfare? Corporate welfare happens when a government makes a political decision to use tax dollars to favour one company over another. While all of us understand we need to pay taxes to fund societal benefits like hospitals, schools and infrastructure, most feel government should not use our money to pick winners and losers in business by handing out grants to specific companies.
"Imagine if companies started thinking about the social impact they wanted to create in the world and tied it to bottom line performance. The potential impact could be incredible," explained Mr. Haid. As an example, he cites TOMS, which donates a pair of shoes for each one purchased or Warby Parker, which runs a similar model but for sunglasses.
At the risk of sounding a bit existential, B Corps are businesses, fundamentally bent toward a greater purpose. They recognize that degrees of intentionality go a long way when it comes to making employees' lives a little bit better.
Gay Mitchell (Deputy Chair - RBC Wealth Management) taking part in discussions as part of the Oct. 3, Prince's Seeing is Believing visit day It's a simple idea; bring CEOs out of the boardroom and int...
Many people in Myanmar commemorated the 25th anniversary this September of one of the bloodiest crackdowns in the country's history. Western business should be encouraged to bring more socially responsible practices to Myanmar but should take critical measures to ensure that they not become part of the democracy-hindering problem rather than the solution.
B Corp Certification honours visionary business leaders that are coming together to use the power of business as a force for good. Through a completely transparent and fully measurable process, B Corp offers an umbrella of "trust" that has proven to be attractive to both entrepreneurs and consumers alike.
Ultimately, creating a Corporate Social Responsibility policy may seem like a daunting, distant proposition. But if your company is committed to upholding far-reaching and long-term sustainability standards, it's best to be clear about what that means and demonstrate that commitment by weaving it into your corporate DNA early on.
It is possible that you missed it. You didn't notice the rumble on Wednesday morning--or perhaps you dismissed it as local construction work--or maybe a mild earthquake. Whether you felt it our not, a...
The Lac Megantic rail disaster is a terrible tragedy for the many who suffered loss. It is also an object lesson in why industries dominated by large corporations cannot be trusted to regulate themselves -- not even when there is nominal oversight by government. Corporations, when they grow large, go public, and take on professional management teams, devolve from being human institutions governed at least in part by genuine ethical constraints, into machine-like entities that are devoid of moral sensibility.