Storytelling is one thing – telling fairy-tales is another…
Humanity is currently facing the, without doubt, toughest challenge ever, stakes are extremely high. Telling fairy-tales and cheating on our next generations at such a serious moment is not what you expect…
During the last couple of weeks reports from Carbon Disclosure Project (CDP) and United Nations Global Compact have shown that there is difference between Saying and Doing – an Enormous difference!
Posted in Behaviour Change, Business and Sustainability, Culture Change, Ethics, Leadership & Culture, Sustainability Metrics, systemic change Also tagged CDP, corporate sustainability, csr, csr reporting, sustainability, systemic change
Who best drives advancement in sustainability – governments or corporations? In Sweden, this question is being turned on its head. The answer is not ‘traditional’ government regulation.
The Swedish government is among the nation’s largest employers. It controls more than 50 corporations and holds large positions in well-known companies such as power company Vattenfall, the telecommunications firm TeliaSonera, Scandinavian Airlines and iron-ore producer LKAB.
In 2007, Sweden became the first country in the world to require that state-controlled companies report on their sustainability activities in accordance with the Global Reporting Initiative (GRI). Now it’s going further, requiring these companies to make sustainability a core consideration in their businesses.
It sounds simple. Define your material issues and off you go, deliver your Sustainability Report in line with the new Global Reporting Initiative (GRI) G4 guidelines.
The complications show up when you try to understand what material actually means. Much has been written over the years about materiality in a sustainability context. The opening quotation, for example, in a recently published report by AccountAbility titled Redefining Materiality II goes like this:
Posted in Business and Sustainability, Sustainability Reporting Also tagged ACCOUNTABILITY, disclosure, doshorts, g4, greenhouse gas emissions, materiality, materiality assessment, SASB, shell, sustainability, sustainability report, Unilever, weyerhauser, worker safety
A recent report by GlobeScan published some interesting findings – “significant numbers of survey respondents around the world cannot or will not name a single socially responsible company when asked, and this proportion appears to be rising in many countries.”
This is a worldwide phenomenon in both developing and developed countries. Large numbers of people can’t name a socially responsible company. In India for example it’s 57 percent, while in the U.S., it’s 39 percent. Read More
Posted in Green certifications, Green Communications, Leadership, Sustainability Metrics, Sustainability Reporting Also tagged B Corporation, B lab, CDP, ceres, djsi, fts4good, global 100, GlobeScan, Raz Godelnik, sustainability reporting
US founding father Benjamin Franklin once observed: “I believe that the great part of the miseries of mankind are brought upon them by false estimates they have made of the value of things.”
Franklin’s insight, predated by many years the creation of the joint stock, limited liability enterprise, the dominant form of the modern publicly listed corporation. But how prescient was he in relation to contemporary approaches to measuring corporate value, a field replete with Franklin’s “false estimates”? Asset owners and managers obsess over hourly, daily, and monthly swings in share price. Quarterly earnings reports rivet analysts. Investors track earnings per share to inform portfolio management. Short-term returns to finance capital rules the mind of the market, leaving little room for attention and reward to other capitals essential to prosperous business and societies. The electronic ticker-tape dashing across the bottom of computer monitors has become the icon of rampant short-termism and the fleeting metric of corporate value.