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What does the year ahead portend for the world of corporate social impact? Corporate social impact advisors share their top forecasts for trends that will impact the sector.
As climate change, social inequities, and other critical issues grow ever more urgent, many companies have built dedicated departments focused on corporate social responsibility (CSR).
The private sector is undergoing a seismic transformation, driven in part by the climate crisis, COVID-19, and extreme financial inequality. These external factors have prompted the world’s corporate leaders to focus on their social responsibilities and make bold commitments to environmental, social, and governance (ESG) goals. To deliver on...
With businesses and governments around the world acknowledging their practices and policies are critical factors to address climate change on a global scale, most organisations are creating sustainability plans so their operations contribute to the long-term health of the planet. The Forbes Communication Council provides 16 ways that...
Australian small publishers will get a leg up in their fight to secure licensing deals with Google and Facebook after the country's richest person said his philanthropic organisation would seek a collective bargaining arrangement for them. The Minderoo Foundation, established and funded by mining tycoon Andrew Forrest and his partner Nicola,...
Running a business with actions firmly entrenched in a structured corporate responsibility program is a life-long commitment. To truly tackle our evolving social and environmental issues, promises must be backed by actions. We must also engage in transparent conversations that question the integrity of CSR stories, and praise entities that...
McDonald’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...
We 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...
When 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...
Target plans to make 100 per cent of its private label products environmentally sustainable by designing items that are more durable, and eliminate waste and encourage reuse by 2040. The retailer also plans to have 100% of the plastic packaging for its brands recyclable, compostable or reusable by 2025. Target also says it is responding to...