Tagged
corporate responsibility


Verging on the Sustainable?

Sustainability pioneer John Elkington reports back from sustainability’s new frontier.

By John Elkington

When I recently had dinner in San Francisco with Joel Makower of GreenBiz, he blamed me for pulling him into the sustainability space over 20 years ago. (In the late 1980s, he translated our best-selling Green Consumer Guide into the American version.) Having just attended the London version of Joel’s brainchild VERGE, a rolling, invitation-only roundtable forum that kicked off in Shanghai and ended in San Francisco the following day, I feel quite proud. This was one of the most interesting events I have been to in a while – spotlighting key trends and opportunities at the intersection between energy, information, buildings and vehicles.

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08:40 pm by csrwiretalkback[15 notes]

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Sustainable Value Creation

CSR is no longer about risk mitigation and “doing no harm;” it’s about shared value creation.

Originally posted on the CSRwire website.

By Elaine Cohen

CSR is not what it used to be. Long gone are the days when managing your carbon emissions and contributing to the community were good enough. Today, the talk is about sustainable value creation. But is this a realistic objective for most companies?

CSR is no longer about risk mitigation and “doing no harm.” It’s no longer about being a responsible corporate citizen, paying taxes, developing employees or reducing carbon emissions. This kind of CSR activity may be a necessary stepping stone to sustainability but its return is limited. There is only so much money you can save by reducing your water consumption and only so many stakeholders you can appease by expanding your community outreach. The real prize is when the corporation moves beyond CSR.

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05:31 pm by csrwiretalkback[42 notes]

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CSR and Employee Engagement: Does it Matter?

Employees will be valuing CSR credibility more and more.

By Dr. John Izzo

There is growing evidence consumers care about CSR when it comes to whom they buy from and survey evidence suggests employees like to work for companies that are good citizens. As someone who has spent over 20 years advising companies on their brand image and how to create highly engaged workforces, I am often asked by my clients if CSR really matters to employees. Even though surveys show employees rank it as a high factor for choosing an employer, it is almost never cited as the reason people leave companies, nor is it often cited as a prime reason for taking new employment. It raises an interesting and important question: How important is CSR to workers?

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05:28 pm by csrwiretalkback[40 notes]

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Should Ford Tilt to Windmills?

The U.S. could follow Ford’s example into a new energy future.

By John Elkington

Well done, Ford! The company that once said it could only make real profits on gas-guzzling SUVs has announced its smaller and fuel-efficient cars are helping it make money at a time of skyrocketing gas prices. But, if you believe Lester Brown of the Earth Policy Institute, the sustainability journey has only just started for Ford, Detroit and the global auto industry.

Brown is optimistic we can achieve a sustainable global economy, but his optimism flows from a pretty dark place. He maintains his optimism by rereading “the economic history of U.S. involvement in World War II because it is such an inspiring study in rapid mobilization.”

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10:51 pm by csrwiretalkback[6 notes]

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To Create a True CSR Culture, You Have to Start with Wall Street

Some CEOs are bucking the Wall Street trend to move the needle on CSR.

By Ann Charles

It’s impossible to discuss the role of Corporate Social Responsibility (CSR) in today’s business without acknowledging the elephant in the room. The economic collapse that began in 2007 was largely the result of a colossal failure of leadership in both the finance industry and U.S. government. The once venerable investment banking industry has devolved into an unsupervised and unregulated market, a giant that casts its dark shadow over the entire economic system. And while most of us are still wading through the debris of the Great Recession, Congress has yet to enact any truly game changing regulation, and Wall Street compensation still incongruously exceeds the pay of today’s brain surgeons.

For a comprehensive history of how we got here, watch Inside Job, but here is the abbreviated version: The banking community created complex high risk financial instruments whose singular purpose was to drive maximum short term profits. The government did nothing to protect us, except to determine taxpayers must bailout these companies that were considered too big to fail. The credit crisis, housing market collapse, illegal foreclosures and long term unemployment ensued, while the banks continue to thrive, rewarding themselves with lavish pay and bonuses.

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09:48 pm by csrwiretalkback[4 notes]

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Whose money is it, anyway? Try the “Universal Owners” Money

Corporations are using our money to trash the environment.

By Hank Boerner

Let’s ask ourselves, whose money is it, anyway? In a recent CSRwire Talkback blog post, I wrote that, in my opinion, the highest test of true corporate responsibility is to see how the corporate board and management respect the concept of managing other peoples’ money (OPM). That set me thinking: as the billions and tens of billions of dollars that trade every day go swirling around the capital markets…whose money is it, anyway that stock traders and investment bankers and hedge fund managers and other market mavens are using to “play the market?” Yours and mine? Let’s think about that for a second or two as we read of investment banking bonuses.

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08:15 pm by csrwiretalkback[9 notes]

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Corporate Philanthropy is Good for Business

Giving increases business value.

By Reena De Asis

What if corporate leaders thought more like Bill Gates, a leading philanthropist and founder of Microsoft, who once said, “As we look ahead into the next century, leaders will be those who empower others.”

Ideally, innovative corporations would increasingly function beyond the short-term profit motive and pay greater attention to their impact on the social economy. A key strategy for companies in this paradigm would be to put more focus on collaborating with the multitude of organizations working to improve communities to make a positive impact in the world.

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06:17 pm by csrwiretalkback[7 notes]

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Moral is the Message

Originally posted on the CSRwire website.

By CSRwire Talkback Managing Editor Francesca Rheannon

It’s time to put morality at the heart of messaging about environmental and social responsibility. (See Part One of this two-part series.)

“Responsibility: what’s your policy?” That’s the tagline for U.S. insurance company, Liberty Mutual. The company has been charged by some for being somewhat less than responsible in it’s “deceptive” use of social media, but its tagline and “Responsibility Project” campaign show that the firm’s advertisers know moral messages are powerful.

It’s a lesson the CSR and sustainability movements need to put more into practice. Many seem to think the way to the public’s heart is appeals to reason or self-interest. But, as Pascal’s adage goes, “the heart has reasons that reason cannot know” — and self-interest only works if the benefit promised is immediate and takes priority over other perceived more immediate interests. E.g., when environmentalists who say we have to get off oil because it will destroy our future are countered by the carbon club lobby shouting, if we have cap and trade, gas prices will soar at the pump; what’s a down-sized, foreclosure-threatened consumer going to choose?

But moral messages penetrate straight to the heart, the site where real motivations and behavior are born. The cognitive linguist George Lakoff says it best, “all politics is moral.” He goes on: “Facts matter. But for their importance to be communicated at all, they must be framed in moral terms. Facts by themselves are not meaningful to most people. Just arguing the science of global warming is not effective.”

Lakoff argues empathy and responsibility (both personal and social) are moral values that need to be incorporated into the messaging of advocates for environmental and social sustainability. And they need to be contrasted to messages of the conservative right and market fundamentalists, who have hijacked moral high ground since the reigns of Ronald Reagan and Margaret Thatcher.

He points out conservatives speak about individual responsibility as moral but neglect the moral importance of social responsibility — it’s time, for example, to label privatization as “government for profit” and tax breaks for the rich as “public theft.” (A wonderful example of going up against right wing attacks with moral force is provided by the global antipoverty organization, Trickle Up. After being attacked as a “leftist charity” by Glenn Beck, the NGO invited the right wing pundit to visit a rural village in India to “witness poverty alleviation in action.”)

One person who embodies the power of moral messages to move people to action is environmental activist and Nobel Peace Prize winner Wangari Maathai, founder of the Green Belt Movement. The (literally) groundbreaking NGO has organized poor women in planting millions of trees, restoring forest cover and teaching empowerment skills. The GBM’s mission is “to empower communities worldwide to protect the environment and to promote good governance and cultures of peace.”

Maathai’s new book, Replenishing the Earth: Spiritual Values for Healing Ourselves and the World, says moral values are the core of environmental discourse. She explains the Green Belt Movement isn’t just about fixing material needs. It is about “meeting something intangible within people:

    “I came to realize that the work of the GBM was driven by certain intangible values. These values were: love for the environment; a gratitude and respect for Earth’s resources; a capacity to empower and better oneself; and a spirit of service and volunteerism. Together, these values encapsulate the intangible, subtle, nonmaterialistic aspects of the GBM as an organization. They enabled us to continue working, even through the difficult times.”

Maathai is inspired by her own Christian faith, but stresses the values outlined above are common to all faiths. Indeed, they are “part of the our human nature.” She draws on precepts of other faiths that foster environmental stewardship, like tikkun olam (healing the world) and the Japanese concept of mottainai.

While a moral commitment to environmental and social responsibility motivates as many nonreligious as religious, faith-based appeals more often focus on the moral imperative in their messaging. And more faiths are getting into the act, as evidenced by such efforts as the Muslim Seven Year Action Plan on Climate Change, Evangelical Environmental Network and work of evangelist Jim Wallis, as he writes in his recent book, Rediscovering Values.

It can be argued that a moral/spiritual sense is an evolutionary trait for survival. As David Korten said recently in an address at the Interfaith New Economy Planning Group Meeting sponsored by the Church Council of Greater Seattle, “Cooperation, material sufficiency and spiritual abundance are our only hope for a livable future — as the spiritual teachers of all the world’s great religions have continuously reminded us down through the ages… The underlying issues are moral issues. Our collective future depends on a spiritual awakening that transcends our individual faith traditions.”

Talk of the future brings us to our moral responsibility to our children and succeeding generations. I recently interviewed Mark Hertsgaard about his newly issued book, Hot: Living Through the Next Fifty Years On Earth, for my radio show, Writers Voice. He writes from the perspective of the father of a young daughter who, like all the world’s children, is part of “Generation Hot.” He says every parent must see fighting climate change as part of their responsibilities as parents, just like providing food, clothing, moral instruction and protecting against child abuse.

And about child abuse: isn’t robbing our children and grandchildren of a liveable planet the most monstrous child abuse of all time? We teach our children to be fair; is it fair the international fossil fuel lobby is condemning us and our fellow creatures on the planet to a hellish future in the service of their short-term profit? Ecocide is a crime that dwarfs all others. It’s time to get the message out.

About Francesca Rheannon

CSRwire Talkback’s Managing Editor is Francesca Rheannon. An award-winning journalist, Francesca is co-founder of Sea Change Media. She produces the Sea Change Radio’s series, Back to The Future, and co-produces the Interfaith Center of Corporate Responsibility’s podcast, The Arc of Change. Francesca’s work has appeared at SocialFunds.com, The CRO and E Magazine, and she is a contributing writer for CSRwire. Francesca hosts the nationally syndicated radio show, Writers Voice with Francesca Rheannon.

Talkback Readers: What other campaigns have you seen with moral appeal? Are they effective? Tell us on Talkback!

11:20 pm by csrwiretalkback[7 notes]

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ABOUT US

CSRwire is the leading source of corporate social responsibility (CSR) and sustainability news, reports, events and information.

CSRwire Talkback is hosted by Francesca Rheannon, Managing Editor, and Sarah Peyok, Director of Editorial.

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Talkback brings thought leaders and readers together to discuss many topics in these two areas:

Corporate Social Responsibility - business ethics, shareholder activism, corporate governance and public policy

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