In college, one of my professors taught a popular theory of economics that a company’s sole purpose is to deliver profit to shareholders. Since then I’ve found that, yes, of course you want a company to be profitable so it can continue to exist. But the purpose of business to me is what it does — what service it provides, what product it makes, and how it helps people, society, and the planet.
The push for a global set of ESG standards is bearing fruit.
Bank of America (BAC), Mastercard (MA), Salesforce.com (CRM), and IBM (IBM) are among 55 companies that will report on environmental, social, and governance metrics championed by the World Economic Forum and its International Business Council, according to a statement from the group.
Timberland has long been a fan of trees. While the brand’s logo has been a tree, since its founding in 1973, the connection runs deeper than that. Because of the many environmental, social, and economic benefits of trees, Timberland has planted over 10.7 million trees worldwide since 2001. Last September the global outdoor lifestyle brand pledged to plant an additional 50 million trees by 2025.
This year, we’ve witnessed growing momentum around trees as a tool to help solve society’s unprecedented challenges. People around the globe are turning to trees for a good reason: they change lives. They provide the necessities of life itself. From cleaning our air and water to promoting physical and mental health, trees are integral to the wellbeing of both people and our planet.
Klaus Schwab @ World Economic Forum | Thierry Malleret @ Monthly Barometer
Already, in barely six months, the COVID-19 pandemic has plunged our world in its entirety — and each of us individually — into the most challenging times we’ve faced in generations.
It is a defining moment — we will be dealing with its fallout for years, and many things will change forever. It has wrought (and will continue to do so) economic disruption of monumental proportions, creating risk and volatility on multiple fronts — political, social, geopolitical — while exacerbating deep concerns about the environment and also extending the reach of technology into our lives.
Explore how the relationship between people and planet has evolved in response to COVID-19 in an upcoming IWBI webcast - July 9 @ 11am ET
As we enter into the beginning stages of rebound and recovery, how can we ensure that our decisions are in balance for people and planet? Join us for an upcoming webcast discussion with the World Economic Forum’s Alice Charles and Biomimicry 3.8’s Nicole Hagerman Miller about how COVID-19 has influenced the relationship between human and environmental sustainability and what we can learn from mother nature in this moment.
Extends effort beyond 500 million financially included over the past five years. Maximizes technology, partnerships to deliver aid, insights and access to businesses and communities. Blends support of economic and health well-being.
PURCHASE, NY., April 30, 2020 /3BL Media/ -- The health and economic consequences of COVID-19 have highlighted the critical need to support vulnerable populations, many of whom are disproportionately impacted.