“Innovate or die” has become almost a mantra for companies in this era of rapid technological change and globalization. When we consider such conditions as extreme air pollution in Beijing, factory collapses in Bangladesh, drought in California, and deadly heat waves in India, the darker side of this foundational belief stands out in high relief. Yet we continue to settle for and cling to consumption-based business models that add to these global threats. Many large companies have survived and thrived for decades by selling high-calorie, sugary drinks or distributing apparel made by people working in extreme poverty for unfair wages in unsafe conditions. more[...]
The idea of sustainability is based on the certitude that we have planetary boundaries. the wwF vividly illustrates this with “earth overshoot day.” It describes the day of the year on which human demands on natural resources exceed the capacity of the earth to reproduce these resources. Presently, earth overshoot day is at the beginning of august. From then onward, we are looting our resources. What does this mean for corporate sustainability? Business must fit into planetary boundaries. this probably will not work with traditional business models. that is why we need new, fresh ideas. we need change, even when it happens in a rough, disruptive way. and the earlier the better. when you talk about the Sustainable development Goals, you have to talk about sustainable innovation. the SGds are the agenda, innovation is the pathway. more[...]
Every CEO generation has its own management buzz words. In the 1990s “re-engineering” was in fashion, then came “offshoring”, and today it is probably “disruptive innovation.” The concept was coined by Clayton M. Christensen, a Harvard Business School professor who introduced the wording in his 1995 article “Disruptive Technologies: Catching the Wave.” Two years later in his book The Innovator’s Dilemma, Christensen replaced the term disruptive technology with disruptive innovation. That was groundbreaking because he recognized that few technologies are intrinsically disruptive; rather, it is the business model behind it that disrupts and reinvents markets. more[...]
A new trend in international development has paired some unlikely business partners: development finance institutions and impact investors are working with large multinational corporations to fund projects that advance both development and business agendas. more[...]
To move forward, every company needs a compass – one that does not just orient the company to profit targets, but also to morals. Without this, one faces the threat of incalculable reputation risk, as currently can be seen at Volkswagen. But how does one get mission statements and role models up and running in a company? To answer this question, we spoke with Kai M. Beckmann, who works on the challenges of corporate responsibility within economic, legal and social realms (Governance, Risk & Compliance) at Roever Broenner Susat Mazars. more[...]
Corporate reporting is going through a fundamental change. It has been a common practice for responsible market participants to publish a sustainability report or corporate responsibility report in addition to the annual report in order to provide stakeholders with potentially relevant information. But trends from politics, economics, and society are currently leading to a changing in the reporting landscape. more[...]
Manila Doctors Hospital (MDH) is the first and only private hospital in the Philippines to ever commit to and publicly declare a “social vision.” Since then, corporate social responsibility (CSR) has become deeply embedded in the corporate culture of MDH. It is a conscious effort that we align our CSR programs with both the international and national commitments for human development. In combining applicability, sustainability, and replicability in CSR program implementation, MDH is now creating a path toward program sustainability, which thrives on synergy. more[...]
The Social Impact Management methodology aims to integrate Social Impact Management into all levels of the process of identifying opportunities as well as bidding on and executing projects at ACCIONA, with a proactive focus on a commitment to the communities in which it operates. more[...]
Unfair competition encapsulates conduct by businesses which amount to gaining an unfair advantage over their competitors, or unfairly preventing other businesses from trading successfully. more[...]
Competing fairly is one of a series of quick guides designed to inform businesses about how the Office of Fair Trading (OFT) applies competition law in the UK. more[...]
Study dealing with anti-competitive practices and the measures that can be taken to address them more[...]
In line with the UN Guiding Principles on Business and Human Rights, Sanofi has adopted an ambitious and holistic approach to ensure that human rights are soundly integrated throughout all the Group’s operations. For Sanofi, it is essential to ensure that respect for human rights is integrated into our business activities everywhere we operate, including in countries considered to be at risk for matters concerning human rights. more[...]
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