From the Editor

Friday, October 20, 2017

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.

Tuesday, October 17, 2017

A recent study finds that the cost of new ideas is rising, that more and more resources are required to produce breakthroughs, This data has led some to conclude that an era of economic revolution is over. Not so, says The Economist, citing the latest annual update from the World Economic Forum. Its ranking of global economic competitiveness records an upward tick for the US, from third to second place (behind only Switzerland).

Friday, October 13, 2017

I have just concluded panel moderating duties at the first Commit!Forum conference operated as a business unit of 3BL Media. At the MGM National Harbor resort in Washington D.C., I was privileged to interview some exemplary CEOs and later, to attend an awards ceremony that recognized their extraordinary leadership.

Thursday, October 5, 2017

Until now, India was the prime example of a country where large companies are legally subject to mandated CSR. Now Belgium has stepped up with a new bill that requires large companies to disclose non-financial information. And, according to Lexology, if these companies are found to have not adopted any policies re. those matters, they will have to explain the reasons why.

Tuesday, October 3, 2017

While the stalemate over the repeal or reform of the Affordable Care Act continues, with no end in sight, you might think that innovation in the healthcare field is also stalled. You’d be wrong if you did. Advances in information technology, increasing demands for patient choice, and the need to control costs are pushing innovative business models for healthcare, without Congressional action.

Friday, September 29, 2017

Readers of this space and the news on this website have seen editorial comments or articles titled something like “Large Companies See Payoffs in Sustainability.” This idea got a seal of mainstream media approval recently when the PBS “NewsHour” ran a story under that headline, as part of its series “Perils

Friday, September 29, 2017

Readers of this space and the news on this website have seen editorial comments or articles titled something like “Large Companies See Payoffs in Sustainability.” This idea got a seal of mainstream media approval recently when the PBS “NewsHour” ran a story under that headline, as part of its series “Perils

Monday, September 25, 2017

While President Trump stirs up a neo-Know Nothing ruckus about the rights of NFL players to protest on the field, business has been quietly doing just about the opposite. CEO in Action for Diversity and Inclusion™ is an initiative by over 150 CEOs to introduce programs about those subjects within the workplace.

Tuesday, September 19, 2017

Residential and commercial buildings account for 39% of total US energy consumption and 38% of CO2 emissions. It makes sense that companies would buy in to new energy management systems to reduce use and emissions, reports Energy Management Today. Building energy management systems (BEMS) integrate software, hardware, ICT technologies and services to help monitor, control, and automate building functions, resulting in effective energy efficiency management.

Thursday, September 14, 2017

Here’s a number and a name link that caught my eye: $300 million and Goldman Sachs. That dollar amount reflects the loans Goldman is buying from Mosaic, a solar loan provider. The deal was done to clear Mosaic's balance sheet and free up more capital for more loans, reports Greentech Media.

Tuesday, September 12, 2017

“The realization that values can also create value for companies is growing.” This headline comes not from some go-go business magazine like Fast Company, but from a blog in the Financial Times, the voice of the global business establishment that speaks with a posh British. Author Andrew Hill, the FT’s Management Editor, describes his talk about corporate values, given as part of a course for entrepreneurs. He notes two factors that gave context to the discussion.

Wednesday, September 6, 2017

In the latest episode of “brands taking stands,” more than 400 business executives and leaders have signed on to an open letter urging the preservation of the Deferred Action for Childhood Arrivals (DACA). It’s the latest example of the unprecedented trend of companies taking anti-government positions on divisive socio-political issues. Several major business associations also made similar statements, including the U.S.

Friday, September 1, 2017

Mandated CSR in India continues to show increasingly promising results. The latest figures report a 47% rise in CSR spending in 2016-17, compared to 2014-15, when the legislation requiring that large Indian companies and multinationals doing business in India contribute 2% of gross revenue to CSR became law. The majority of the funds—32%— have been directed to educational projects, according to the Economic Times, with much of that amount pointed to the enhancement of teachers’ capabilities rather than on infrastructure. Healthcare projects received 17% of CSR monies.

Monday, August 28, 2017

The nine Northeastern states that make up the Regional Greenhouse Gas Initiative have doubled down on addressing climate change. The R.G.G.I., the country’s first multi-state GHG initiative, has agreed to reduce emissions from power plants by an additional 30 percent by 2030, on top of the 40 percent cut achieved since the program began in 2009, reports the NY Times.

Thursday, August 24, 2017

As Congress prepares to reconvene next month, the prospect of more vitriolic partisan wrangling over the Affordable Care Act is causing angst to lawmakers, health insurance providers, and the public alike. Two state-level top executives are offering a bi-partisan solution to the current gridlock, outlined in an op-ed in the Washington Post.

Tuesday, August 22, 2017

Deregulation and tax reform—those are the two main issues that business was looking to the Trump administration for new, business-friendly policies. What business was not looking for from the Chief Executive turns out to be more significant: policies on immigration, climate change, transgender rights, and race that have driven CEOs away from the White House. A group of leading top level executives have demonstrated the power of business to speak out and push back against Trumpian positions on issues that affect society by issuing statements on these political issues.

Thursday, August 17, 2017

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.

Tuesday, August 15, 2017

When Merck executive Kenneth Frazier resigned from a White House advisory council as “CEO of Merck and as a matter of personal conscience,” President Trump derided him as a “ripoff” drug company executive. (This is the same executive whom Mr. Trump praised as a “great, great business leader” three weeks ago.) Frazier, one of only four African-American CEOs of a Fortune 500 company, made the move in response to the president’s three-day delay in calling out the white supremacist/nationalist organizations at the center of violence in Charlottesville, VA.

Friday, August 11, 2017

“Companies are entering into public conversations about topics they shied away from in past,” says Lee Ann Kahlor, associate director of the Stan Richards School of Advertising & Public Relations at the University of Texas, Austin.

Monday, August 7, 2017

If you’re wondering about business leadership re. climate change in a time of retrograde Trump administration environmental policies, consider these numbers. Over 900 companies and investors have signed a commitment in support of the Paris Climate Accord. Over 100 companies have signed up to RE100 to commit to 100% renewable energy. And almost 300 companies have committed so science-based climate action.