5 Eco-Friendly Trends Radically Transforming Food Service

You know things are changing when restaurant giants like McDonald’s and Burger King publicly oppose unethical farm animal practices. Recent news has seen resturants going green and implementing sustainable practices to conserve energy and provide healthier offerings. As restaurants race toward trends the millennial generation embraces, environment- and animal-friendly initiatives are picking up speed.

Natural and organic foods, reduction of waste […]

Shifting Ground: FedEx Delivers Relief to Nepal

Earlier this week, two FedEx charter flights delivered 178,000 pounds of relief supplies to the people of Nepal. Aid on those flights included water treatment systems, water chlorinators and storage tanks designed to serve 430,000 people a day, three daily meals for almost 1,700 people for a month and maternity/infant supplies for 5,000 expectant mothers.

The following interview with Paul Tronsor, […]

Big Mac Test Shows Job Market Is Not Working to Distribute Wealth

Some 15 years ago, searching for a consistent way to compare wages of equivalent workers across the world, Orley Ashenfelter, an economics professor at Princeton University, came upon McDonald’s.

The uniform, highly scripted production methods used throughout the McDonald’s fast-food empire allowed Professor Ashenfelter to compare workers in far-flung countries doing virtually the same thing. The company also offered a natural […]

Apple Partnering with WWF on Chinese Forests

Apple is following through on its commitment to sustainability with a new partnership announced today between the company and the World Wildlife Fund. The deal will put the WWF in charge of managing as much as 1 million acres of forest in China as Apple works to achieve a net zero impact on the environment for all of the virgin […]

Sourcing Matters: Becoming More Intentional

Doing business profitably, while minimizing societal harm – and potentially doing good – has become an essential strategy for large corporations and institutions. Call it corporate citizenship, conscious capitalism, shared value or triple bottom line (Profit, People, Planet). Now socially responsible business practices are no longer restricted to the Corporate Social Responsibility (CSR) department. Conscious capitalism has not only changed […]

How Corporate Social Responsibility Is Moving From Optional To Mandatory

“Sustainability for a business today is not a nice-to-do thing,” said Arif Naqvi, founder and group chief executive of the Abraaj Group. “It’s a have-to-do thing. Naqvi, a key participant in the 2015 Oslo Business for Peace Summit and keynote speaker at the subsequent Business for Peace Award Ceremony, described a
new, urgent corporate pragmatism that goes beyond idealism or kind […]

What If Walmart Raised Its Minimum Wage To $70,000 A Year?

Could Walmart afford it?

Well, the company took in $482.2 billion last year in revenue, of which its U.S. operations made up $288.1 billion. It had a profit of $16.18 billion, returned $7.2 billion to shareholders, and paid CEO Doug McMillon $25.6 million. So raising everybody’s salaries that much would definitely leave it without enough cash to cover expenses. Raising everybody […]

BP Seeks To Regain A Progressive Role on Climate Change

At the BP AGM, the company’s board supported a resolution calling for greater transparency on the company’s responses to the move to a low-carbon economy required by climate change. The rationale for the motion was that it was all about the long-term success of the company. With the support of the board secured, the motion was assured of success, and […]

New Social Media Platform Facilitates Consumer Citizenship

Silicon Valley start-up Scalechange has announced a suite of programs and services aimed at connecting socially conscious consumers with the causes they care about.

Scalechange, founded in 2014 provides digital marketing, crowdfunding and fund development services to mission-driven businesses such as B-Corps and nonprofits. In addition to providing services to the causes they care about, the team is creating innovative new […]

Is Good Corporate Citizenship Also Good for the Bottom Line?

Our latest Freakonomics Radio on Marketplace podcast is called “Is Good Corporate Citizenship Also Good for the Bottom Line?”

 
The short answer: yes. That’s the finding of Robert G. Eccles, Ioannis Ioannou and George Serafeim from their recent paper “The Impact of a Corporate Culture of Sustainability on Corporate Behavior and Performance” :

“We show that there is significant variation in future […]

Shareholder Activism: Storming The Corporate Castle

These are strange days indeed for shareholder activism. By some measures it’s experiencing a surge. Progressive groups have used the strategy since the early 1970s, but the past few years have seen an increase in its frequency, sophistication and success.

 

In December, for example, the defense contractor Northrop Grumman announced that it would immediately end its membership in the American Legislative […]

Social Venture Success: On Stance, Story and Strategy

Everybody has a story. Throughout my 20s, I was a workaholic. I was never present, and my dream was to sell my business. It wasn’t until I achieved my goal and made lots of money that I realized that this kind of success didn’t make me happy. In fact, it made me miserable.

This experience – and hiring an amazing business […]

A Good Corporate Reputation Requires A Good Social Reputation

Over the last decade, in unprecedented terms, the dramatic escalation and expansion of risk has complicated the global business environment. Both the speed of this transformation and the new categories of risk that have emerged threaten the durability of most global companies as well as their license to operate.
Corporate Reputaton

To remain competitive and even to survive in this complex and […]

How Social Ventures Can Advance Public Health And Social Care

As the recent party conferences and Scottish referendum have proved, health and social care are at the centre of political attention – and will be crucial in general election campaigns. This is with good reason: we are in a period of challenges where health services are concerned. Many NHS trusts are already significantly in deficit, and the strain is beginning to show across the country.

What […]

3 Steps Boomers Can Take To Narrow The Employment Gap

Boomers are sending a very clear signal to the new economy: we are not “moving over” any time soon to cede our careers to younger generations. Traditional retirement at 65 is either unaffordable or irrelevant to a generation that either must keep working to survive, and/or wants to keep working to serve a meaningful and purposeful life. This is not a call to intergenerational competition. […]

Steering Clear of The Sustainability Reporting Trap

Companies get stuck in box-checking when it comes to sustainability. But there is substantial value to be found in making sustainability a strategy.

Over the last few decades, the business world has had to face up to significant resource constraints beyond access to capital. This is being felt in the increasingly damaging effects of climate change and the diminishing availability of […]

Redefining Sustainability

Sustainability must be reframed as an opportunity if it is to take hold.

We’ve heard the word sustainability a lot lately. Climate change scientists warn countries and companies of the dangers of current levels of carbon emissions. Board directors are being called upon to be more transparent and punish bad behaviour. NGOs and social groups want companies to earn a licence […]

The Traits of Socially Innovative Companies

In this article adapted from their new book, Jerry Davis and
Chris White explore what makes some companies more fertile for social
innovation — that is, the ongoing (rather than one-off) initiatives that
have positive social impact while promoting the core mission of a
business. While there are some factors that make social innovation more
likely than not — such as intrapreneurs who will champion them — […]