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
(3BL Media/Justmeans) – Identifying and developing the next generation of leaders is a hot topic. The Taylor Wilson Thompson Family Foundation believes young people hold the potential to make positive change in their communities and that their voices should be heard, as they begin thinking about the issues that face them as they become adults. A charitable organisation, the Foundation was set-up by Taylor Thompson who has dedicated its work to helping American schools foster youth leadership.
(3BL Media/Justmeans) – Tetra Pak has published its 2017 Sustainability Report, highlighting the company’s key achievements in the areas of ESG. What is special about this year’s report is that for the first time since it started publishing a sustainability report (in 2004), the company has adopted Global Reporting Initiative (GRI) guidelines.
(3BL Media/Justmeans) — Over 30 percent of Colorado is currently experiencing abnormally dry conditions, while 4 percent of the state is experiencing moderate drought conditions. Rain levels are only 30 percent of the state’s average. A La Niña weather event, which brings less rainfall, has a 50 percent chance of developing. For obvious reasons, water conservation takes a priority when there is less rainfall.
In a complex business environment, understanding what, where and how to report sustainability information can be a challenging task. Accurate and objective sustainability reporting can help a company consider its impacts on a variety of sustainability issues, enabling it to be more transparent about its future risks and opportunities.
(3BL Media/Justmeans) – Last month UK’s Defence Secretary, Sir Michael Fallon dismissed complaints that the UK's response to the devastation of the British Virgin Islands by Hurricane Irma was "found wanting" and that it was slower than France and the Netherlands. The British Overseas Territories are self-governing, but rely on the UK for protection from natural disasters.