450 Posts Found

If your practical knowledge of metrics is limited to converting ounces to grams, you’ll appreciate GEMI’s simple, straightforward introduction to the measurement tools (metrics) companies use to evaluate their environmental performance. The primer begins with a rundown of metrics currently in use in the business community, offers tips on selecting the appropriate metrics for your company, and presents considerations for designing and implementing your own … [ Read more ]

Content: Article | Source: Global Environmental Management Initiative (GEMI) | Subject: Social Responsibility (ESG)

Ethan Kapstein poses the question of what economic “justice” actually means in today’s increasingly interconnected world. He compares the views held by the three predominant contemporary schools of thought on globalisation issues – the communitarians, the liberal internationalists and the cosmopolitans – and offers evidence either supporting or undermining their different positions.

Editor’s Note: I don’t know why, but there is no direct link to … [ Read more ]

Content: Article | Author: Ethan Kapstein | Source: INSEAD Knowledge | Subjects: Economics, Social Responsibility (ESG)

Interest in integrating business with the needs of the environment is prompting a harder look at achieving a sustainable economy.

Content: Article | Author: Francesca Di Meglio | Source: BusinessWeek | Subjects: MBA Related, Social Responsibility (ESG)

Markets do not work as well for social entrepreneurs. In particular, markets do not do a good job of valuing social improvements, public goods and harms, and benefits for people who cannot afford to pay. These elements are often essential to social entrepreneurship. That is what makes it social entrepreneurship. As a result, it is much harder to determine whether a social entrepreneur is creating … [ Read more ]

Content: Quotation | Source: The Meaning of “Social Entrepreneurship” | Subjects: Entrepreneurship, Social Responsibility (ESG)

Tackling carbon exposure is more than good environmental stewardship; it could also protect a company’s share price in the near term and create a long-term competitive advantage.

Content: Article | Authors: Christoph Grobbel, Jiri Maly, Michael Molitor | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)

A variety of terms are used – sometimes interchangeably — to talk about corporate social responsibility (CSR): business ethics, corporate citizenship, corporate accountability, sustainability. BSR defines corporate social responsibility as “achieving commercial success in ways that honor ethical values and respect people, communities, and the natural environment.” We also say that CSR means addressing the legal, ethical, commercial and other expectations society has for business, … [ Read more ]

Content: Article | Sources: BetterManagement.com, Business for Social Responsibility | Subject: Social Responsibility (ESG)

While more and more businesses embrace Corporate Social Responsibility (CSR) principles, R. Edward Freeman of The Darden School, University of Virginia, and S. Ramakrishna Velamuri of IESE Business School claim that the CSR concept as it is understood today is just superfluous. Their paper “A New Approach to CSR: Company Stakeholder Responsibility” proposes to replace “Corporate Social Responsibility” with an idea called “Company Stakeholder Responsibility”, … [ Read more ]

Content: Article | Authors: R. Edward Freeman, S. Ramakrishna Velamuri | Source: IESE Insight | Subject: Social Responsibility (ESG)

Many Indians growing up in the United States detect an inconsistency or incoherence about modern life…Somehow you are supposed to be moral and generous in your private life, but that doesn’t apply when you go to work — you don’t have to be the same person. That kind of role fragmentation or inconsistency was really seen as profane. One must find a way that synthesizes … [ Read more ]

Content: Quotation | Source: Across the Board (ATB) | Subjects: Integrity, Social Responsibility (ESG)

During an economic downturn, Cemex, the world’s second-largest cement maker, decided to try to sell more products to Mexico’s poor. Almost by accident, the company discovered a global model for developing previously overlooked markets.

Content: Case Study | Author: Ricardo Sandoval | Source: Stanford University | Subjects: Social Responsibility (ESG), Strategy | Industry: Construction | Company: Cemex

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The World Bank (at least since 1991) has used NPV and IRR to study the environmental impact of its decisions. While finding the true cost and benefit of environmental questions is notoriously difficult, it is something that must be done. [FinanceProfessor Annotation]

Content: Article | Source: FinanceProfessor.com | Subjects: Finance, Social Responsibility (ESG)

Organizations of all stripes are gradually seeing the value of looking beyond economic performance for indicators of success. Consumers, investors, governments and business leaders now consider how an organization’s social and environmental policies affect its sustainability and that of society at large a potentially critical issue. With the introduction of triple bottom line (TBL) reporting in the late ’90s, all stakeholders were introduced to a … [ Read more ]

Content: Article | Author: David Crawford | Source: BetterManagement.com | Subject: Social Responsibility (ESG)

With so many companies worldwide producing “corporate social responsibility” (or citizenship or environmental or sustainability) reports, it’s relevant to ask both “how good are they?” and “what do they really tell us?”

Content: Article | Author: Gil Friend | Source: GreenBiz.com | Subject: Social Responsibility (ESG)

Sustainability reporting is often derided as being outside the mainstream of financial reporting, devoid of any relationship to performance. The Economist calls it “corporate storytelling.”

Unfortunately, The Economist is right. Reports are unique accounts of each company’s journey, impossible to compare with other reports, even when reporting frameworks such as the Global Report Initiative’s are applied. The hard analytics (earnings per share, price-earnings ratio, return … [ Read more ]

Content: Article | Author: Jean Rogers | Source: GreenBiz.com | Subject: Social Responsibility (ESG)

The Gross National Product includes air pollution and advertising for cigarettes, and ambulances to clear our highways of carnage. It counts special locks for our doors, and jails for the people who break them. The GNP includes the destruction of the redwoods and the death of Lake Superior. It grows with the production of napalm and missiles and nuclear warheads. And if GNP includes all … [ Read more ]

Content: Quotation | Source: TheWorkingManager.com | Subjects: Economics, Social Responsibility (ESG)

The world’s most exciting, fastest-growing new market? It’s where you least expect it: at the bottom of the pyramid. Collectively, the world’s billions of poor people have immense entrepreneurial capabilities and buying power. You can learn how to serve them and help millions of the world’s poorest people escape poverty.

It is being done-profitably. Whether you’re a business leader or an anti-poverty activist, business guru Prahalad … [ Read more ]

Content: Book | Author: C.K. Prahalad | Subjects: Social Responsibility (ESG), Strategy

Traditional thinking has it that corporate social responsibility doesn’t help a company’s bottom line. The truth is that not only can actively pursuing a policy of social responsibility cost a company nothing, but it can actually provide a boost for business.

Content: Article | Authors: Claudia Auf der Maur, Justin Keeble, Rick Eagar | Source: Prism (Arthur D. Little) | Subject: Social Responsibility (ESG)

Journalist Bornstein (The Price of a Dream: The Story of the Grameen Bank) profiles nine indomitable champions of social change who developed innovative ways to address needs they saw around them in places as distinct as Bombay, India; Rio de Janeiro, Brazil; and inner-city Washington, D.C. As these nine grew influential when their ingenious ideas proved ever more widely successful, they came to the attention … [ Read more ]

Content: Book | Author: David Bornstein | Subjects: Entrepreneurship, Social Responsibility (ESG)

Certified Management Accountant David Crawford offers background and outlines next steps to help accountants and other financial professionals to meet the challenges of triple bottom line reporting.

Content: Article | Author: David Crawford | Source: GreenBiz.com | Subjects: Finance, Social Responsibility (ESG)

Businesss Ethics magazine has released its annual survey of the “100 Best Corporate Citizens.” The closely-watched survey has gained national recognition as an indicator of best practices in the area of corporate social responsibility.

The 100 Best Corporate Citizens survey is based on a database maintained by KLD Research & Analytics, a Boston-based social research firm. All companies listed on the Russell 1000 Index … [ Read more ]

Content: Online Resource | Authors: Samuel Graves, Sandra Waddock | Sources: Businesss Ethics, KLD Research & Analytics | Subject: Social Responsibility (ESG)