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Blog
What’s Next
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Companies like Whole Foods have developed successful business models to meet particular environmental and social needs but it is not necessarily as straight forward for mainstream brands.
“Innovation is most powerful when it’s activated by collaboration between unlikely partners, coupled with investment dollars, marketing know-how and determination. Now is the time for big, bold solutions. Incremental change won’t get us where we need to go fast enough or at a scale that makes a difference.” — Mark Parker, CEO, NIKE, Inc. at the LAUNCH 2020 Summit
I recently finished Conscious Capitalism by John Mackey and Raj Sisodia, and came away with new perspectives on, and examples of, strong private sector leadership on environmental and social issues. The authors’ examples from Whole Foods – generous employee benefits, transparency and equity of salaries, etc. – are impressive and might be enough to soothe customers displeased by Whole Foods’ CEO Mackey’s candid views on topics such as health care, climate change and unions.
Like others before them (see my blog on Creating Shared Value), the authors attempt to differentiate their concept with others such as sustainability, citizenship and CSR. Yet Mackey and Sisodia essentially offer the same thesis: companies that consider and manage a broad array of stakeholder interests (beyond meeting the needs of shareholders alone) will perform better financially over the long run. This viewpoint is now more or less commonplace amongst large, global companies, a development we should celebrate….
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Companies continue to rank low among global institutions when it comes to sustainability leadership, though a few companies — mostly the usual suspects — continue to rise above the others, according to an annual survey being released this week.
If that sounds like damning with faint praise, it is. According to the 2013 Sustainability Leaders survey, produced jointly by GlobeScan and SustainAbility, the private sector outperforms only the world’s national governments when it comes to effectively addressing sustainability challenges. That is to say, their second to last….
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Collaboration for sustainability: Nike is working with its competitors to develop a systems change programme to eliminate hazardous chemicals from supply chains.
As the Guardian’s Jo Confino wrote at the close of the Rio+20 Conference in June 2012, “the most often used phrases in the many meetings I attended [were] the need to create ‘coalitions of the willing’ and a recognition that ‘all issues are inter-connected’ and cannot be viewed in silos.”
Collaboration is widely acknowledged as vital if we are to address global challenges at the scale and speed we need, but the current rhetoric often fails to acknowledge how hard it is to …
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One of the perks of being a graduate student at the University of Michigan was access to football season tickets. With this, I learned the various rituals undertaken by the student section on game day, including chanting, “who cares?” when opposing team players’ names are announced before each game.
This ritual still makes me smile for some reason, and is also a question many of us in the sustainability field ask during ratings and rankings season, which kicked off last week with the release of the Carbon Disclosure Project and the Dow Jones Sustainability Indexes. These results, like those in previous years, sparked a flurry of press releases by proud companies, angst in companies who fell short, blogs debating the merits and shortcomings of ratings, and consultancies offering their services to improve company performance….
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Over the last decade, there has been an extraordinary growth in the number of ratings and award schemes designed to measure corporate sustainability performance. While these rankings play an important role in improving corporate performance, companies are struggling to keep up, and many question the time and effort required to respond to raters’ requests for information.
Is it all worth it? Which ratings, if any, do people pay attention to? How much does a company’s score …
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In business, sometimes simplicity is praised and sometimes it is scorned. It can be hard to predict which reaction will win out.
Each year, GlobeScan and SustainAbility survey sustainability experts across corporate, government, NGO, academic, research, and service organizations in 75-plus countries to determine which businesses are perceived to be sustainability leaders, and why. This year’s results remind us that simplicity is a more complex phenomenon than it might appear.
The 2012 Sustainability Leaders Survey was released this month. …
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In (Leadership) Change of Heart, posted on Sustainable Brands in January, I explored some of the reasons Warren Buffett has become progressively more activist and outspoken on issues of responsibility and equity (See article here). In parallel, I suggested that that the transition from accepting sustainability issues to addressing them is a tremendously difficult thing for business leaders – as even once new information and worldviews are embraced, leaders’ ability to evolve their organizations is limited by context e.g. available skillsets, historic mindsets, consumer preference, investor expectations and the regulatory environment.