Tag Archives: Canada

An unexpected message from one of Canada’s largest banks…we need greater income equality

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.

TD Canada Trust-HuntClub 019 (2)

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Posted in Capitalism 2.0, Capitalism2.0, Leadership, new economy, Social Impact, The Hub | Also tagged , , , , | Leave a comment

Rethinking Prosperity: Government and Business Coming Together

Chrystia Freeland, Author, Thought Leader & Canadian MP

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.

New panelists include Dr. Blair Feltmate, University of Waterloo, and Doug Miller, CEO of GlobeScan

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

Register Now

During the event we will explore issues related to achieving SUSTAINABLE PROSPERITY:

  • How do we reach those who believe that a successful economy and a protected environment are mutually exclusive?
  • Could government involvement act as a boon for business rather than an impediment to progress?
  • Why are governments in a debt crisis while many large corporations seem to be growing more profitable every day?
  • Why does government seem to have the needed funds to deal with a banking crisis but not a climate crisis?
  • Is the shrinking middle class really an issue or is it just part of our economic evolution?

And we will explore how we might go about creating A NEW WAY FORWARD:

  • How do we change the conversation about what Canadian prosperity looks like?
  • What is the role of the Corporate Sustainability movement in solving these problems?
  • How can companies become more impactful through their government relations channels?
  • How can individuals (e.g. students, activists, business leaders, consumers) more effectively bring their ideas forward?

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Posted in Business and Sustainability, Capitalism 2.0, CSR in Canada, systemic change, Thought Leader, Upcoming Events | Also tagged , , , , , , , , | Comments closed

Should Government Legislate that Companies Must Disclose Information Relating to CSR?

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?

Thinker

Canada reviews the Canada Business Corporations Act – where does CSR belong?

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Posted in Business and Sustainability, Leadership, Social and Environmental Impacts | Also tagged , , , , | Comments closed

5 Takeaways from the Newly Established Global Compact Network Canada Peer-Review Reporting Program

UN_Global_Compact

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)!

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Posted in Business and Sustainability, CSR Reporting, Sustainability Reporting, The Hub | Also tagged , , , , , , , , | Comments closed

Another Radical Sustainability Idea: Pay Employees at Least a Fair Living Wage

fair wageHere 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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Posted in Business and Sustainability, Capitalism2.0, Ethics, The Hub, Thought Leader | Also tagged , , , , , , , | Comments closed
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