Today’s question for corporate CEO’s: Have you examined your company’s “Total Impact Valuation,” a new approach being advanced by The Conference Board, wherein the enterprises’ impact on society is monetized (cost/benefit evaluated and value attached)?
A small group of companies is doing these exercises. Think of their efforts to date as expanding the usual reporting of “Input/Output” to seriously consider (1) Outcomes, (2) Impacts, (3) Cost and Benefit to Society (and to the company).
Many people are fascinated with the Kingdom of Saudi Arabia, with its wondrous 21st Century blend of modern and medieval elements – and the country appears to moving along with rapid and dramatic changes under new royal family leadership (Crown Prince Mohammed bin Salman).
One of the elements of change that caught our eye is a non-Saudi business leader’s commentary that addresses the question of there being “a new model for sustainability” in the Middle East, possibly led by the kingdom…with its Vision 2030 and innovations in power consumption for air conditioning.
Hey, a Cuppa Joe – the morning treat for many people around the world. That first hot cup of dark coffee can set the tone for us for the day. And when our spirits (and energy) may lag, the cuppa joe can perk us up again for a while at any time of day. But – how many of us give thought to how that wonderful dark liquid arrived in our grocery stores, at the local Starbucks or Dunkin’ Donuts or other coffee counters?
The Ecologist took a close look at the business of coffee recently and their commentary (and report on the industry) is our Top Story for you this week.
There are some interesting new angles to the perennial public dialogues that go on about issues related to executive compensation. The new news is regarding the compensation packages for the Top Man (in the Fortune 500 universe, there are only 24 companies that have female CEOs) and the relationship of that sum to (1) the employees of the firm and (2) the shareholders, including key fiduciaries managing OPM (other peoples’ money). The CEO Pay Ratio disclosures of 2018 are now becoming more of a public dialogue.
Now in its 19th year, the well known CR Magazine “100 Best Corporate Citizens 2018” list was just unveiled; this effort recognizes the ESG performance of public companies in the United States. (The publication is now titled Corporate Responsibility Magazine, published by 3BL Media LLC.)
In monitoring the growing abundance of news stories and commentary about “supply chain,” “globalization” or “trade” topics and issues, our editors often see the focus is on apparel, clothing, textiles, fashion, etc. Companies in the developed economies widely source apparel footwear and related items in the developing and under-developed nations – and what happens there can quickly make news that travels around the globe.
Fred Krupp is head of the two-million-member Environmental Defense Fund (EDF), a leading global not-for-profit that creates “transformational solutions” to address environmental problems by linking economics, law, science and innovative private-sector partnerships. Since the mid-1980s he has been a very vocal thought leader, activist, and champion for change on various climate change issues, striving to use the power of the marketplace to protect the global environment.
These are terms we hear all year ‘round and especially in the spring of the year as corporate managers describe for us what they often feel as the inevitable growing flow of third party ESG / Sustainability data sets, ratings, rankings, surveys, forms and various types information for review come pouring into their offices. It’s spring – survey time! Large-cap companies may receive 200 and more such queries during a year.
The CEO of one of the nation’s leading food and agriculture companies has important messages for us: “To move the planet forward, farmers must lead the charge. But they cannot do it alone. Coordinated action on sustainability across the food supply chains is the only way to achieve lasting progress.” He tells us how and why in his commentary in a Top Story.