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The case for abandoning ‘corporate responsibility’ when we judge company practices
William Nordhaus, Time, 20 April 2021Nobel Prize-winner William Nordhaus explains why corporate responsibility is a flawed metric for holding companies to account on climate change. He suggests, a more productive approach is to look at “corporate irresponsibility”. This is because "corporate responsibility" is "imperfect", given corporations want to portray themselves as...
corporate responsibility
Chairman & CEO letter to shareholders
Jamie Dimon, JP Morgan Chase & Co, 07 April 2021JP Morgan Chase’s CEO and chairman, Jamie Dimon, released a letter to shareholders this week in parallel to the company’s annual report being published. He writes that in a year that challenged everyone around the world, “if you look deeper, you will find that our success and accomplishments are founded on our commitment to our shareholders....
corporate reputation
corporate responsibility
Corporate social responsibility is not only ethical, but also a modern business tool
Laura Colombo, Forbes, 05 April 2021The social change that has taken place across the corporate sector has brought more awareness to the need for a better world in both environmental and economic terms. It has led companies to focus on the presentation of a sustainability report, which is the real passport needed to enter today's business world. As such, the main value of CSR is...
csr
corporate responsibility
‘New path’: AGL splits power plants, retail as green shift accelerates
Nick Toscano, The Sydney Morning Herald, 30 March 2021A demerger of AGL’s carbon-intensive coal and gas-fired power plants is a “live option” as the energy supplier moves to split its generation assets from its retail business and lift its appeal to investors. Chief executive Brett Redman said the rapidly evolving energy market and customer demands were “driving the imperative to create this new...
corporate responsibility
How financial organisations can use AI to apply ESG standards
Kumesh Aroomoogan, Forbes, 30 March 2021One challenge financial organisations face is determining which criteria to use when measuring the value of ESG. Also, since corporations are not held accountable to provide ESG information, many companies choose not to disclose information that may harm their brand reputation, such as hiring diversity. As such, AI can be used to effectively...
corporate responsibility
Five keys to building a successful ESG program
Catherine Hernandez-Blades, Forbes, 25 March 2021Recent data from RepTrak has revealed companies that go beyond business by 'doing good' through corporate social responsibility efforts, perform better. Analysis concluded that stakeholders and the public want companies to engage in socially responsible initiatives. To develop an effective ESG plan, companies must…
corporate responsibility
adaptive leadership
Coles, Nestlé in plans to build first-ever soft plastics recycling plant
Dominic Powell, The Sydney Morning Herald, 17 March 2021A consortium of high-profile companies including Coles and Nestlé is planning to build a soft plastics recycling plant where wrappers and bags can be broken down and remade into new food-safe wrappings. An Australian first, this ‘circular’ soft plastics recycling plant is set to improve the technical, economic and environmental benefits of…
csr
corporate responsibility
Santos adopts shareholder advisory vote on climate change report
Santos, 16 March 2021Santos has announced it intends to provide shareholders with a non-binding advisory vote on the company’s Climate Change Report at the 2022 Annual General Meeting. Santos is also investing in carbon capture and storage which will safely and permanently store 1.7 million tonnes of carbon dioxide each year and…
corporate responsibility
csr
No excuse for gender inequality, sexism on IWD 2021, say corporate leaders
Nassim Khadem, ABC News, 08 March 2021Women across corporate Australia are calling for an end to the ridiculous excuses they hear as to why they should not be promoted or paid the same as men. For example, Lendlease non-executive director Nicola Wakefield Evans says there is a "deep-rooted cultural issue" about how companies treat women in leadership. While the nation's top 50...
adaptive leadership
corporate responsibility
Corporate social responsibility is more important than ever: here’s how to ensure your company is stepping up
Stephanie Burns, Forbes, 04 March 2021Corporate Social Responsibility (CSR) has shifted from “efforts aimed at building a kind and empathetic corporate image” to focussing on what companies are doing to give back to their communities, how they are caring for their now-remote employees, and how they adhere to new guidelines and regulations. There has also been more emphasis placed...
csr
corporate responsibility