Sustainability

OpenMinds_1200

Creating Effective Dialogue About Corporate Social Responsibility

Corporate social responsibility initiatives run the risk of being seen as insincere. However, there are ways that companies can thoughtfully — and effectively — engage with the public about social issues. The authors make four suggestions for companies that are hoping to engage in a credible CSR dialogue with stakeholders. They include cultivating a balance between controlling and cocreating the dialogue, and creating platforms that invite stakeholders to influence the implementation of CSR initiatives.

White-Sustainability-Rating-1200
Free Article

Why Sustainability Ratings Matter

The convergence of communications technology, big data and globalized markets make ratings based on environmental, social and governance (ESG) performance indispensable for B2B and B2C exchanges. Credible, transparent and timely ratings are a powerful enhancement in a fast-moving global economy. As ESG issues are recognized as material to investment decision making, the need for trusted, transparent ESG ratings will intensify.

©iStock.com/RSMcLeod
Free Article

To Red-Card Corruption, You Have to Know What a Foul Is

Soccer’s governing body, FIFA, is in crisis over corruption — and MIT Sloan Management Review’s guest editor for Sustainability, Gregory Unruh, says the situation offers a useful case study for corporate social responsibility. By looking at the FIFA scandal, Unruh argues, managers can learn how to identify corruption from a systems perspective — and understand why it harms their business.

SalaryBeing-1200
Free Article

Salary, Benefits, Bonus … and Being

At the 2015 Milken Global Conference, attracting and retaining talent is a hot topic. It used to be that the job negotiation formula was simple: salary, benefits and bonus. But that’s not enough anymore. The next generation wants something different from their work life than their predecessors — a more self-actualizing experience — and corporations are scrambling to decipher the keys to keeping employees engaged.

advertisement

ClimateDebt
Free Article

Business Needs to Pay Off Its Climate Debt

As the world gears up for a new round of climate talks, companies need to step up and make sustained, multi-year commitments to absolute reductions in their carbon footprints. It’s been calculated that the U.S. business sector needs to reduce emissions by more than 3% per year to avoid the worst climate scenarios — but this option is surprisingly cost-effective. Although many of the biggest contributors to greenhouse gases haven’t yet stepped up, Gregory Unruh argues that they must do so now — or face catastrophe.

Meehan-1200

Sustainability Reporting As a Tool for Better Risk Management

GRI is an international organization based in Amsterdam with offices around the world. It produces a set of standards used by organizations in over 90 countries and has become the global standard-setter for sustainability reporting. But as the organization’s Chief Executive, Michael Meehan, explains, sustainability reporting is not about writing a report; it’s the process by which organizations identify their risks related to important issues, like human rights, the environment, labor and other social issues.

Jaeggi-1200
Free Article

Closing the Trade Finance Sustainability Gap

Environmental sustainability has moved into the limelight when it comes to supply chains. Companies look closely at how their goods are produced and sourced. But a gap exists when it comes to the finance and insurance industries. ECOFACT’s Olivier Jaeggi and Gina Santos take a closer look at how the enablers of global trade — the banks and insurers who finance it — are starting to become accountable for their part in sustainable economic growth.

Eccles-1200
Free Article

Integrated Reporting: Corporate Disclosure for China’s "New Normal"

The “new attitude” in China toward sustainable economic growth depends upon thoughtful management of six types of capital: natural resources, human resources, financial capital, manufacturing infrastructure, intellectual capital, and social relationships. Integrated reporting looks at the performance of all six types of capital and how the performance of each element is related to one another. The challenge for China: developing partnerships with business to make it work.

UnruhSingh-1200
Free Article

MasterCard Pins Down the Cash Economy

When impoverished families in developing nations receive government subsidies in cash, the system is an easy target for abuse, fraud, and theft — and some of the world’s most vulnerable people suffer from economic insecurity as a result. MasterCard seeks to change that by helping governments move to a non-cash system. A 2012 initiative launched in South Africa highlights both short- and long-term benefits of the approach for the company, the government, and some of South Africa’s poorest citizens.

advertisement

SU2015-webinar-1200

How Collaboration Advances Your Sustainability Efforts

In a webinar recorded in January 2015, the speakers present findings from the recent global study they co-authored, "Joining Forces: Collaboration and Leadership for Sustainability." The study, by MIT Sloan Management Review, The Boston Consulting Group and the United Nations Global Compact, shows that a growing number of companies are turning to collaborations — with suppliers, NGOs, industry alliances, governments and even competitors — to become more sustainable. The research found that companies are realizing that they can’t make the necessary impact acting alone.

UnruhSustaining-1200
Free Article

Sustaining Sustainability

Steve Zaffron, CEO of the Vanto Group, has worked with diverse organizations — from rocket-scientist NASA to labor-intensive mining — to achieve a culture where sustainability focus runs deep. His experience shows that leaps in human performance come less from tangible investments in automation, equipment or compensation schemes, and more through intangible transformations in the way people in organizations see themselves and others. “It’s not an easy thing to change the way in which people see the world and themselves,” says Zaffron “It takes time to develop.”

SU-Joining-Forces-1200

Joining Forces: Collaboration and Leadership for Sustainability

In the 2014 Sustainability Report, new research by MIT Sloan Management Review, The Boston Consulting Group and the UN Global Compact, shows that a growing number of companies are turning to collaborations — with suppliers, NGOs, industry alliances, governments, even competitors — to become more sustainable. Our research found that as sustainability issues become increasingly complex, global in nature and pivotal to success, companies are realizing that they can’t make the necessary impact acting alone.

Image courtesy of Flickr user worldwaterweek.

To Conserve Water for Agriculture, a Solution from the Desert

Both economic and climate change have brought increasing concerns about agriculture — particularly with respect to water. Farmers worldwide are beginning to explore ways to stretch what may become an increasingly limited resource. In a Q&A, Netafim’s chief sustainability officer Naty Barak explains how his company’s origins in arid-zone agriculture became a springboard to a wider market for agricultural producers to maximize water efficiency, and how the company’s partnerships with NGOs brings the technology to small farmers in the developing world.

advertisement

STANDART1x1 FIX1200x1200 120900 FINISH
Free Article

The Sustainability Insurgency: Missives from the Front Lines, Part 2

In part two of two, Gregory Unruh talks to Emma Stewart, Autodesk’s head of sustainability, about how social intelligence helps CSR advocates in the company to win colleagues’ buy-in. The use of such intelligence supports CSR managers’ ability to create a sustainability business case.

Lawler-1000
Free Article

The Crucial — and Underappreciated — Role of HR in Sustainability

Recent research by the Center for Effective Organizations shows that most companies aren’t relying on HR departments as part of their sustainability focus — yet most think there’s an opportunity for HR to play a major role in the structuring of a company’s sustainability processes, practices and strategies.

BASF-1000
Free Article

For BASF, Sustainability Is a Catalyst

Risk mitigation drove chemical giant BASF to adopt a sustainability focus, initiating a chain reaction that transformed not only the company’s product lines, but its corporate culture. The company’s vice president of sustainability strategy, Dirk Voeste, explains the step-by-step process that BASF undertook to produce a company-wide shift in this massive organization’s mindset.

unruh-autodesk-1200
Free Article

The Sustainability Insurgency: Missives from the Front Lines, Part 1

Emma Stewart, Autodesk’s head of sustainability, says that social intelligence helps CSR advocates in the company win colleagues’ buy-in. “In order to be a legitimized contributor to the business, you have to be as smart or smarter about your customers or other stakeholders as other business units,” Stewart says. The use of social intelligence, such as systematically calling on leading customers and “market-shapers” such as regulators, supports CSR managers’ ability to create a sustainability business case.

jaeggi3-1000
Free Article

Are Firms and Managers At Risk When Contributing to Climate Change?

At what point do corporate executives become personally liable for their companies’ failure to take action on climate change? This question is moving into focus as more company executives are being held accountable for business practices and decisions that harm the public. Climate activists look at precedents in the tobacco industry and asbestos manufacturing as the potential basis of legal action against the fossil fuel industry’s leadership.

Showing 1-20 of 135