The “Greening” of Corporate America

Studies show a positive link between a company’s environmental performance and its bottom line. And investors are recognizing that companies that significantly improve their management of environmental risk tend toward financial stability. Why then do some finance executives cling to a reactive, compliance mentality when it comes to environmental issues?

Building Tomorrow’s Company: A Guide to Sustainable Business Success

Building Tomorrow’s Company is about a new and revolutionary phase in market-based capitalism–the ‘inclusive’ approach to business. The inclusive approach is about balancing short-term priorities (profitability) with sustainability, corporate social responsibility and environmental accountability. The basic message is that if businesses are to succeed–indeed to survive–in the 21st century, they must take into account the social and environmental consequences of their activities. Packed with the … [ Read more ]

Tiffany & Co: A Case Study in Diamonds and Social Responsibility

“Minerals should – and can – be extracted, processed and used in ways that are environmentally responsible.” Those words, coming from Michael J. Kowalski, chairman and CEO of Tiffany & Co., set the stage for a discussion last week of the luxury jeweler and specialty retailer’s recent efforts to bring about industry reform. Kowalski spoke to a Wharton marketing class that looked at such issues … [ Read more ]

Steven P. Rowe

Traditionally, environmental strategies are managed separately as a cost center and viewed as a compliance issue. Unfortunately, the compliance mentality leaves companies vulnerable in two ways. First, if you’re focused solely on compliance, you will only do the minimum amount required to be in compliance with the law, which leaves you open to competitors who are willing to be more creative in their efforts. Second, … [ Read more ]

Forging New Links: Enhancing Supply Chain Management

The Global Environmental Management Initiative (GEMI) has released a new report to help companies recognize, prioritize and pursue specific supply-chain “value creation opportunities.”

In introducing the new tool, GEMI points out that “Companies can enhance supply chain value creation by utilizing their environmental health and safety (EHS) capabilities more fully. This means that EHS capabilities need to be better integrated into existing business process teams.” … [ Read more ]

Improved Products Through Design-for-Environment Tools

In the past, product development teams were often insulated from other disciplines within the company. Too often, products were developed without adequate input from marketing about customer needs, from manufacturing about realistic and cost-effective production, from the environmental group about potential negative impacts, or from other functions about their unique perspectives on key product attributes. The negative impacts of this insulation included product-introduction delays, lack … [ Read more ]

Using Experiential Simulation to Teach Sustainability

Authors Susan Svoboda and John Whalen offer this practical guide for developing and using a simulation exercise to help MBA students and working professionals build an understanding of sustainability.

Editor’s Note: this article is also interesting for its analysis of the value of experiential learning via simulations.

Henry Mintzberg

The argument that Milton Friedman and others use is that business has no business dealing with social issues-let ’em stick to business. It’s a nice position for a conceptual ostrich who doesn’t know what’s going on in the world and is enamored with economic theory. Show me an economist who will argue that social decisions have no economic consequences! No economist will argue that, so … [ Read more ]

Sector Strategies Performance Report

The U.S. Environmental Protection Agency (EPA) released a first-of-its-kind report detailing current environmental performance in 12 major business sectors. The agency hopes the report will create a baseline by which to assess progress in the years to come. How does your industry stack up? Find out by downloading the report today.

An Environmental Road Map for Entering Emerging Markets

As new market economies around the world take off, their environmental performance continues to lag far behind environmental leaders in North America, western Europe, and the Asia Pacific region. Even so, foreign companies and investors that have pioneered business ventures in these markets have learned that environmental issues can help make or break a project’s success.

How Businesses Can Combat Global Disease

Multinationals are directly affected by the global epidemic. It can’t be controlled without them.

Socially Responsible Investment: A Global Revolution

With a focus on corporate governance and business ethics, this timely book covers the evolution of socially responsible investing over time and around the world. Author Russell Sparkes is a U.K.-based authority with a bird’s eye view on the global perspective. Chapters cover Britain’s historic 2001 SRI regulations, as well as what Japan and Europe at large are doing in the field of SRI. Interestingly, … [ Read more ]

Sustainability Indicators: The Simple, Sobering, and Significant

“What gets measured, gets managed,” as the saying goes. That’s true of the sustainability journey too. The worldwide interest in sustainability has brought with it a growing and welcome interest in sustainability indicators — but what to measure is far from obvious, as the dizzying array of publications, conferences, reports, tools and systems will attest. How do you find the KEY performance indicators (KPIs) that … [ Read more ]

Less Is More: 14 Pioneers in Reducing Greenhouse Gas Emissions

A collection of in-depth corporate and governmental case studies on emissions reduction. On the business side, the report features climate-management efforts at Lafarge, Swiss Re, Dupont, and BP.

Responsible Value Chain: What Are You Accountable For?

How accountable should branded-goods companies be for activities in their value chains, even those that they do not directly control? As more NGOs target big branded companies with “brand mail” to raise awareness of key social issues, and as activism rises amongst key consumer groups, boards and senior managers spend more of their time on issues of “value chain accountability” or “sustainable supply chains.” The … [ Read more ]

Business/NGO Partnerships – What’s the Payback?

Here’s a look at some high profile cases of business/NGO partnerships and the strategic benefits and challenges for both sides.

Socially Responsible Investing: The Eco-Efficiency Premium Puzzle

Does socially responsible investing (SRI) hurt (or help) returns on a risk adjusted basis? Of course theoretically it seemingly should lower pecuniary returns, but empirically it seems that every researcher has a different answer. Now Derwall, Guenster, Bauer, and Koedijk present their views on the argument. The authors form portfolios based on Innovest eco-efficiency scores. The finding? “After controlling for … [ Read more ]

Glen Hiemstra

In the next quarter-century, more and more kinds of work will be eligible to be done anywhere in the world by people who are skilled enough to do them. Companies of all kinds will be forced to ask, ‘What is our obligation to, commitment to, interest in the community and our workers? What are we really here for?’ I don’t know what the answers will … [ Read more ]

What Matters Most: How a Small Group of Pioneers Is Teaching Social Responsibility to Big Business, and Why Big Business Is L

If you want your business to thrive, you’d better start paying attention to its values. Jeffrey Hollender, CEO of Seventh Generation, a brand of environmentally safe household products, and Stephen Fenichell, a professional writer, see harbingers for change in the way some companies do business. Religious and business leaders embroiled in scandal, networked global awareness, and an expectation of transparency that embeds reporters with soldiers … [ Read more ]