447 Posts Found

In an era marked by climate crisis, widening inequality, and deepening distrust in institutions, Andrew J. Hoffman is urging business schools to confront a sobering reality: shareholder capitalism is failing society.

Content: Article | Authors: Andrew J. Hoffman, Marc Ethier | Source: Poets & Quants | Subjects: MBA Related, Social Responsibility (ESG)

The move to a low-carbon economy will create opportunities for innovation and growth. To make the most of them, leaders must understand the challenges they could face along the way.

Content: Article | Author: George Serafeim | Source: strategy+business | Subjects: Social Responsibility (ESG), Strategy

Forward-looking companies recognize that they cannot be distinctive by pursuing every initiative that qualifies as ESG. To the contrary: because they have a clear understanding of their strategy, and their own strengths and gaps, they focus on identifying initiatives that matter most to their business models. ESG is an essential strategic concern, which means it affects how and where a company competes.

Content: Quotation | Authors: Dame Vivian Hunt, Donatela Bellone, Hamid Samandari, Lucy Pérez, Robin Nuttall | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)

Revenue growth is good. Profitable growth is better. Profitable growth that advances ESG priorities is best. Here’s how outperformers who actively choose growth deliver the growth trifecta.

Content: Article | Authors: Anna Koivuniemi, Claudia Kampel, Lucy Pérez, Rebecca Doherty, Werner Rehm | Source: McKinsey Quarterly | Subjects: Best Practices, Social Responsibility (ESG)

Public pressure and changing norms are paving the way for business leaders to be paid based on a new set of criteria.

Content: Article | Authors: Lawrence Harris, Phillippa O’Connor, Tom Gosling | Source: strategy+business | Subject: Social Responsibility (ESG)

Business leaders do not have to choose between their values and creating value, according to a new study by Wharton’s Witold Henisz.

Content: Article | Authors: Seb Murray, Witold Henisz | Source: Knowledge@Wharton | Subject: Social Responsibility (ESG)

BCG has conducted in-depth research to understand the barriers impeding widespread customer adoption of sustainable offerings and behaviors and to discover how companies in different consumer categories can lower those barriers. We identified eight common barriers and found that these barriers and the most effective ways to overcome them can vary by industry. Although no one-size-fits-all approach will yield optimum results, a company can develop … [ Read more ]

Content: Article | Authors: Fadi Makki, Julia Dhar, Kanika Sanghi, Lauren Taylor, Léa Turquier, Sarah Lichtblau | Source: Boston Consulting Group (BCG) | Subject: Social Responsibility (ESG)

In The Ethical Algorithm, two University of Pennsylvania professors explain how social values such as fairness and privacy can be designed into machines.

Content: Article | Author: Theodore Kinni | Source: strategy+business | Subjects: Ethics, IT / Technology / E-Business, Organizational Behavior, Social Responsibility (ESG)

What is capitalism? Is it the greatest source of prosperity and freedom the world has ever seen or a menace on the verge of destroying the planet and our society? Rebecca Henderson argues that capitalism is the only solution to the massive problems that we face and explores the ways in which the private sector can help to reimagine capitalism so that it works for … [ Read more ]

Content: Article | Author: Rebecca Henderson | Source: Management and Business Review (MBR) | Subjects: Capitalism, Economics, Social Responsibility (ESG)

When the purpose of a corporation is seen as only maximizing shareholder profit, enlightened capitalism — even when it is linked to long-term financial success — tends to fall by the wayside.

Content: Quotation | Author: James O’Toole | Source: strategy+business | Subjects: Capitalism, Economics, Social Responsibility (ESG)

The history of socially responsible companies shows that when virtuous programs and policies exist primarily because an individual leader cares about them, his or her successors have no problem removing them. These practices are far more likely to last when they are institutionalized in rules of governance. Thus, a few enlightened capitalists have attempted, in one form or another, to institutionalize their practices in an … [ Read more ]

Content: Quotation | Author: James O’Toole | Source: strategy+business | Subject: Social Responsibility (ESG)

We live in the era of ESG [environmental, social, and corporate governance issues] and we talk a lot about the “E,” but the “S” will also be crucial. This research shines a spotlight on some of the fundamental forces driving the phenomena we see today. One suggestion to business leaders is, know your numbers. What does your company’s value look like by pathway? What does … [ Read more ]

Content: Quotation | Author: Michael Birshan | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)

Consumers choose economic development over serious climate initiatives. Corporations don’t invest in meaningful change because consumers won’t pay for it. And governments cannot lead if citizens won’t follow. The battle to prevent climate change through behavior modification, regulation, or personal deprivation has already been lost. Yossi Sheffi explains why the solution is collaborative investment in developing technologies that can reverse climate change.

Content: Article | Author: Yossi Sheffi | Source: Management and Business Review (MBR) | Subject: Social Responsibility (ESG)

It’s common nowadays for companies to have a chief sustainability officer and team in place. This bundles the responsibility and often capabilities for sustainability-related topics in one place. 

But while establishing clearly defined responsibilities is key to kickstarting the road to sustainability, one function alone cannot drive every sustainability-related decision that needs to be taken, day in, day out, or manage all of the trade-offs required … [ Read more ]

Content: Quotation | Authors: Arndt Heinrich, Denis Huebner, Jannik Trapp, Maximilian Rauh | Source: Kearney | Subject: Social Responsibility (ESG)

Finding their own authentic true north on ESG can help companies navigate society’s expectations and investors’ demands.

Content: Article | Authors: Peter Gassmann, Will Jackson-Moore | Source: strategy+business | Subject: Social Responsibility (ESG)

To get beyond the starting line, CEOs need to approach the challenges of sustainability from a strategic and value-creation perspective in terms of both the questions they ask and the answers they seek.

Content: Article | Authors: David Young, Simon Beck | Source: Boston Consulting Group (BCG) | Subject: Social Responsibility (ESG)

Boards are not carving out time for high-value strategic work when it comes to environmental, social, and governance. And that’s a problem for companies pushing for sustainability.

Content: Article | Authors: David Young, Ron Soonieus | Source: Boston Consulting Group (BCG) | Subjects: Corporate Governance, Social Responsibility (ESG)

While ESG is likely to evolve both in substance and name in the coming years, its underlying impulse is here to stay. Here’s how companies can take a more systematic and rewarding approach to ESG.

Content: Article | Authors: Dame Vivian Hunt, Donatela Bellone, Hamid Samandari, Lucy Pérez, Robin Nuttall | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)

Climate change, sustainability, and ESG considerations are increasingly taking center stage in corporate boardrooms across the world. When measuring and communicating corporate sustainability performance through sustainability reports or ratings, executives face a rapidly evolving and complex set of choices. As a result, companies are at risk of falling behind or choosing inappropriate reports and ratings that don’t drive sustainability performance and open the door to … [ Read more ]

Content: Article | Authors: Karim El-Jisr, Tim Rogmans | Source: Harvard Business Review | Subject: Social Responsibility (ESG)

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