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Tesla is now worth more than US$1 trillion
Christ Isidore, CNN Business, 26 October 2021Tesla has become the sixth company in US history to be worth $1 trillion (all are US-based except the Saudi Arabian state-owned Aramco oil entity). Tesla is the second fastest company to do so, reaching the US$1 trillion mark just more than 12 years after its 2010 initial public offering. Shares rose more than 12 per cent on Monday to close at...
socio political environment
corporate responsibility
McDonald’s pledges to offer more sustainable Happy Meal toys worldwide by the end of 2025
Amelia Lucas, CNBC, 21 September 2021McDonald’s is pledging to offer sustainable Happy Meal toys made with dramatically less plastic by the end of 2025, as a result of children and parents alike asking for more sustainable toys. The fast-food giant said that it has already slashed use of virgin fossil fuel-based plastic in its toys by 30 per cent worldwide since 2018 after...
corporate responsibility
csr
Your CSR strategy needs to be goal driven, achievable, and authentic
Tabitha Upshaw, Harvard Business Review, 17 September 2021We are in the era of impact investing and big pledges as companies step up to tackle the environmental and social issues of our time. General Motors has vowed to be carbon neutral by 2040, Apple is investing $100 million in its Racial Equity and Justice Initiative, and Target plans for 100 per cent of its owned-brand products to be designed for...
csr
corporate responsibility
BHP sets ‘net-zero’ goals for suppliers as climate scrutiny grows
Nick Toscano, The Sydney Morning Herald, 14 September 2021BHP, the world's biggest mining company, has taken another step in the push to slash emissions across its global supply chain, with a new goal for suppliers and shippers to be carbon-neutral by 2050. In the latest sign of big emitters responding to the escalating pressure on climate change, BHP announced expansion of its existing goals to lower...
corporate responsibility
socio political environment
Woke Corporations, ESG & the “Business of Business” with Wayne Burns
Very Public Affairs Podcast, Centre for Corporate Public Affairs, 09 September 2021The Centre's Analyst Cameron Chu is joined by the Centre's Executive Director Wayne Burns to discuss what defines a Woke Corporation, how it relates to the "business of business", and its connection to Environmental, Social, and Governance (ESG) standards. Listen now.
socio political environment
corporate responsibility
Amazon’s biggest, hardest-to-solve ESG issue may be its own workers
Todd Wasserman, CNBC, 29 August 2021The US National Council on Occupational Safety and Health has included Amazon in its “Dirty Dozen” list of the most dangerous employers in America. Earlier this year New York Attorney General Letitia James filed a lawsuit against Amazon for inadequately protecting workers amid the COVID-19 pandemic. Workplace issues are being factored into...
corporate responsibility
socio political environment
corporate reputation
Is climate change inaction morally corrupt?
Big Ideas Podcast, ABC, 16 August 2021This episode of Big Ideas discusses the idea of making our governments and institutions legally compelled to act for future generations. Professor of Philosophy at the University of Washington, Stephen Gardiner, also explains why some people are distorting reality to disguise an unethical stance, leaving the problem to future...
socio political environment
corporate responsibility
Social responsibility of business: the limit on a good corporation’s good intentions
Bill Conerly, Forbes, 14 August 2021When assessing what businesses can do to be socially responsible, their actions are ultimately minimal. This is true even if corporate leadership is committed to a mission of improving the world. Two constraints limit potential results: return on capital and corporate capabilities. As such, the real social value of business remains in providing...
corporate responsibility
csr
No more excuses: how four leading companies diversified their Boards
Jason Wingard, Forbes, 12 August 2021A recent Deloitte report reveals that not a single Fortune 500 board is representative of the US population in terms of gender and ethnicity, and, in 2020, minorities held just 18 per cent of Fortune 500 board seats. In the face of an increasingly strong business case for diverse boards, as well as mounting pressure from institutional...
governance
corporate responsibility
Mining lobby defends green goals amid push for BHP to quit
Nick Toscano, The Sydney Morning Herald, 10 August 2021The Minerals Council of Australia chief executive Tania Constable has defended accusations of lobbying to block meaningful climate action and criticisms for saying Australian coal could reduce global greenhouse gas emissions. She argues that the association supports the Paris Agreement and has made significant progress on environmental, social...
corporate responsibility
socio political environment