FROM THE EDITOR
What Happens When Big Business Media Reports on CSR
The WSJ has published a downbeat assessment of CSR. The article cited a study showing that CEOs exiting Fortune 500 companies were 84% more likely to be fired if they invested strongly in good corporate citizenry yet recorded below par financial results than CEOs at poor performing companies that spent less on “do-good” initiatives. This decidedly defensive claim was offset by an upbeat article in the Financial Times. It notes that a survey of 500 pension funds, foundations, endowments, and sovereign wealth funds found that two-thirds of big investors believe sustainable investing will grow in significance by 2022. Further, studies show a “remarkable correlation” between responsible investing and outperforming results. Who to believe? The wise CSR/sustainability professional will collate carefully from such “mainstream” sources to ensure an accurate reading of the pluses and minuses of CSR—and stay tuned to this space, which curates the CSR news.
John Howell, Editorial Director
ReportAlert: Marine Stewardship Council releases 20th Annual Report.
News & Blogs
There’s a lot we don’t know about what EPA Administrator Scott Pruitt is up to these days, as he recently spent $25,000 of taxpayer money to have a “cone of silence” placed around his desk. We don’t know exactly what he’s saying, but it’s not hard to guess. Especially since a freedom of information request revealed who he is whispering to--fossil fuel executives, on a regular basis.
(3BL Media/Justmeans) - Wireless social tech wizards have a new chance to win hundreds of thousands of dollars in prizes from the Vodafone Americas Foundation. The organization recently announced the 10th edition of its annual Wireless Innovation Project (WIP) in the context of SOCAP17 in San Francisco.
(3BL Media/Justmeans) In the US right now, less than 25 percent of schools teach computer science-related courses. Yet in less than five years, there will be one million more jobs requiring computer science skills.
(3BL Media/Justmeans) – There is a growing trend among large companies to include corporate responsibility information in their financial reports. The vast majority (78 percent) of the world’s top companies (G250) now do this, indicating that they believe CR data is relevant for their investors.