It’s time for a Future-Fit Business Benchmark. The reality of planetary boundaries presents one of the most daunting challenges of the twenty-first century. We are damaging the carrying capacity of the planet faster than it can repair itself. We are exceeding planetary boundaries. We are denying our nested interdependencies. For the first time in human history, the future of a healthy resilient human society is in question. This is not sustainable, neither for society nor for business.
Posted in Business and Sustainability, Capitalism 2.0, CSR, Leadership, new economy, systemic change Also tagged csr, Future-Fit Business Benchmark, incrementalism, Natural Step, quantifiable, science-based benchmarks
Here is another breakthrough corporate CSR idea; How about paying employees at least a fair living wage? My last blog suggested A Wild and Crazy Corporate CSR Idea: Pay Your Taxes.
At the risk of being overly innovative by simply stating the obvious, I humbly suggest a second breakthrough corporate social responsibility (CSR) program: pay all employees at least a Living Wage. Otherwise, corporations may be setting themselves up for public embarrassment, like the report that went viral last October about how McDonald’s US pays its workers below-poverty-line wages while its “McResource” employee help line encourages them to use food stamps and government assistance to make ends meet. That is, McDonald’s wants the government (a.k.a. tax-paying citizens) to top up their paltry workers’ wages. Awkward. McDonald’s has since discontinued its McResource.
Posted in Business and Sustainability, Capitalism2.0, Ethics, The Hub, Thought Leader Also tagged Canada, csr, living wage, Mcdonalds, minimum wage, ontario, poverty wage, sustainability
No one enjoys paying taxes. You don’t. I don’t. Companies don’t either. But it’s our civic duty. Without tax revenues, governments cannot provide us with the health, education, safety, security, and infrastructure services that are vital to our well-being in a flourishing society. Taxes are a necessary and a good thing. Corporate taxes are vital. However, over the past 50 years, the share of tax revenue coming to the federal government from business has collapsed. According to the U.S. Tax Policy Center, corporate taxes represented 32% of U.S. federal government revenues in 1953; 23% in 1966; 12% in 1998; and 9% in 2010. There seems to be trend.
Posted in Business and Sustainability, Capitalism 2.0, Capitalism2.0, Ethics, Sustainability Reporting, The Hub, Thought Leader Also tagged csr, methodologies, rankings, tax avoidance, tax evasion, tax evasion and csr, tax havens, taxes