And they won't change to becoming sustainability leaders overnight, either. It's a process that requires a shift in business culture.
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Sustainable investments now dominate the stock market.
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happen to believe that airports have a unique opportunity to engage those around us and welcome newcomers to the neighbourhood. After all, our surrounding communities rely on one another to grow and thrive, and without one, we do not have the other.
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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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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.
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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.
These companies have already touched your life. Beyond the big names like Ben & Jerry's ice cream, Patagonia clothing, Etsy, or Kickstarter, there are impact-driven business leaders making significant money while making an amazing difference in communities all around us.
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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In central Burma, where minerals, community upheaval and foreign investment have collided since political reforms four years ago, the Letpadaung copper mine epitomizes anti-Chinese feelings. A 2012 cr...
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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.
The next time you feel overwhelmed at the office, try Googling the name Steinthór Pálsson for a bit of perspective therapy. Few business leaders will ever confront the challenges Pálsson faced as the new CEO of Landsbankinn, Iceland's oldest full-service financial institution.
The elephant in the room is that while sustainability will continue to be relevant to the business operations of retailers and product manufactures, management has utterly failed to make sustainability a material or even a well understood concept for front-line employees, customers and most product brands, except during times of crisis.
Earlier this fall I participated in a panel at the Toronto Board of Trade about "Achieving a sustainable and responsible global sourcing policy." Given their supply chain power, companies must continually advance more sustainable practices and must be reinforced by benchmarking transparency standards. In practice, what does this mean?
"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.