(3BL/JustMeans) A company that focuses on doing good will have increased employee engagement. And employee engagement helps companies retain top talent. Almost 60 percent of employees who are proud of their company’s corporate social responsibility (CSR) are engaged at work, according to Double the Nation, which works with schools and non-profit organizations to increase fundraising.
FROM THE EDITOR
Plain Talk About Ethics in Business
Behavioral science offers valuable insights to organizations in improving their ethics and compliance programs. The speed bump lies in trying to decipher the academic jargon of research reports, notes the WSJ’s Ben DiPietro. He writes that help is at hand in a new e-book from Ethical Systems. Head to Head: A Conversation on Behavioral Science and Ethics “demystifies a lot of research from behavioral science and repackages it in a format to allow a lay person in the compliance and ethics field to benefit fully from all the research coming out of academia.” The key is its user-friendly conversational format. In these turbulent times for business decision-making, this is a timely and welcome guide.
John Howell, Editorial Director
News & Blogs
(3BL Media/Justmeans) – Large technology companies are increasingly investing in AI and machine learning. According to a recent McKinsey report, in 2016, companies such as Google, Facebook and Baidu spent between $26 and $39 billion on AI research.
(3BL/JustMeans) Food waste is a big problem. An estimated 30 to 40 percent of the food supply in the U.S. alone is wasted. In 2010, about 133 billion pounds of food end up wasted in the U.S., amounting to $161 billion worth of food. Globally, about one-third of all food produced is wasted. Food waste in industrialized countries is about $680 billion. Food that is wasted ends up in landfills where it emits methane, a greenhouse gas with a warming potential 23 times that of carbon dioxide.
(3BL Media/Justmeans) – Social enterprises are a new way of doing business, where, by selling goods and services in the open market, the social enterprises reinvest the money they make back into their business or the local community to tackle social problems, improve people's lives, support communities and help the environment. It’s accepted that when a social enterprise profits, society profits.
(3BL/Justmeans) President Trump has proved to be a president who is weak on climate action. In June, his administration announced it would withdraw from the Paris climate accord. Trump will likely continue with policies that are detrimental to the environment, but business can lead where government lags or fails.