A moneylender sees the light, discovering a spirit of giving and generosity. It’s a classic Christmas tale of redemption – and redistribution – but this year the convert in question appears to be one of Canada’s biggest banks. In a recent report, economists at TD bank laid out “The Case for Leaning Against Income Inequality” pointing out the dangers of the widening divide, and giving some strong suggestions on how to turn the tide.
Chrystia Freeland, Canadian MP
DUE TO A SCHEDULING CONFLICT THIS EVENT WILL NOT TAKE PLACE ON NOV. 12th – IT WILL BE RESCHEDULED IN 2015.
The economic system that we have relied on to create prosperity in the past century is beginning to fail us. We are seeing clear signs that our current economic ideology is not guiding us to sustainable prosperity. In fact, the existing system is actively contributing to an unstable climate, resource scarcity, biodiversity loss and a widening gap between the ultra-rich and everyone else.
So we’re asking the tough question: How can we achieve prosperity AND protect our planet?
Who needs to lead the way? Are the answers to be found in corporate business strategies or in government regulation? Or both? Or neither? Is our cultural narrative of what it means to be successful sending us in the wrong direction?
How can business, government and citizens alike work together to change course towards a better future, one that is both prosperous and sustainable? AND, what approaches need to be adopted immediately to ensure that we move QUICKLY in that direction?
TWEET ME: Tweet: Join me at “Rethinking Prosperity Panel” w/ Government/Business/Academia #TSSS on Nov 12 http://ctt.ec/Fy449+ #CSR @cafreeland @globescan
On November 12th TSSS is excited to present a distinguished Panel of Experts from Government, Business and Academia to discuss how business and government can come together not only to better define prosperity but also to develop a plan for how to make it happen.
DATE: Wednesday, November 12, 2014 (registration closes November 10th)
TIME: 4:30-7:30 EST (snacks & networking from 6:45-7:30)
NEW LOCATION: University of Toronto, Banting Institute, 100 College St., Rm 131
TWITTERCHAT: #tssschat from 5:15 – 6:00 PM EST
During the event we will explore issues related to achieving SUSTAINABLE PROSPERITY:
And we will explore how we might go about creating A NEW WAY FORWARD:
Recently the European Commission adopted a groundbreaking CSR directive. It applies to 6,000 large companies with over 500 employees. Effective 2017, it directs them to disclose information on policies, risks and outcomes related to environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and board director diversity. This is a bold and sensible move by the EU and should be applauded.
Now…what will Canada do?
Canada reviews the Canada Business Corporations Act – where does CSR belong?
By Megan Wallingford and Anastasia Ostapchuk of GCNC
Canadian companies identify 5 takeaways from the Global Compact Network Canada Reporting Peer-Review Program.
This July, eight Canadian companies successfully completed the inaugural Global Compact Network Canada (GCNC) Reporting Peer Review Program. We are delighted to announce that the winners of the first Canadian Peer-Choice Reporting Award are Teck Resources (Group 1) and BMO, Enbridge (tied for first place in Group 2)!
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.
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