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Single, global sustainability standard for companies backed by G7
Huw Jones, Reuters, 08 June 2021Former European Central Bank President Jean-Claude Trichet will head an advisory group on establishing a global board for sustainability-related company disclosures. The new International Sustainability Standards Board (ISSB), due to be unveiled ahead of this November’s COP26 UN climate change conference in Glasgow, will...
socio political environment
csr
Green light for Australian businesses to offer vaccine rewards
Emma Koehn, The Sydney Morning Herald, 07 June 2021Australian businesses have been given the green light to offer cash and other rewards to citizens who have received COVID vaccines, under a significant change to the medicine regulator’s advertising rules. The new regulations, which will be in place until December 2022, will also let companies make their own ads about vaccination, provided they...
socio political environment
Facebook unlikes Trump for two years before reassessing
Barbara Ortutay, AP News, 05 June 2021Former US President Donald Trump’s Facebook accounts will be suspended for two years, freezing his presence on the social network until early 2023. At the end of the suspension, the company will assess whether Trump’s “risk to public safety” has subsided. Nick Clegg, Facebook’s vice president of global affairs, said Facebook will consider...
socio political environment
Are companies supporting Pride and other social movements ‘wokewashing’?
Kim Sheehan, The Conversation, 04 June 2021Consumers are increasingly wanting companies to address society’s big problems. Research suggests more than half want to buy from brands that take stands on social issues. However, some consumers don’t welcome large-brand sponsorships of Pride, arguing they paper over LGBTQ marginalisation. These brands are not seen as authentic advocates, as...
corporate narrative
socio political environment
The search for purpose at work
McKinsey Podcasts, McKinsey & Company, 03 June 2021In this episode of The McKinsey Podcast, McKinsey employees, Naina Dhingra and Bill Schaninger, discuss work's role in giving people a sense of purpose. They also discuss new research from McKinsey, which reveals 85 per cent of people feel they have a purpose, but only 65 per cent can articulate that purpose. They also analyse...
stakeholder
socio political environment
Forty per cent of employees are thinking of quitting their jobs
Sean Flemming, World Economic Forum, 02 June 2021Microsoft’s The Next Great Disruption Is Hybrid Work – Are We Ready? report, finds that 54 per cent of Generation Z workers, and 41 per cent of the entire global workforce are considering handing in their resignation. Similarly, a UK and Ireland survey found that 38 per cent of employees were planning to leave their jobs in the next...
stakeholder
socio political environment
WHO chief backs ‘pandemic treaty’ to counter future outbreaks
Al Jazeera, 31 May 2021The World Health Organisation’s Director-General Tedros Adhanom Ghebreyesus says the “time has come” for a global pandemic treaty. Mr Adhanom Ghebreyesus called for global negotiations to start, focusing on pandemic preparedness, as part of sweeping reforms envisioned by…
socio political environment
A fresh look at how corporations affect the economy and households
James Manyika, Michael Birshan, Sven Smit, Jonathan Woetzel, Kevin Russell, & Lindsay Purcell, McKinsey & Company, 31 May 2021The role of companies in the economy and their responsibilities to stakeholders and society at large has become a major topic of debate. Yet, there is little clarity or consensus about how their businesses impact the economy and society. This discussion paper assesses how economic value created by companies flows to households in the 37 OECD...
socio political environment
Why is corporate America getting political?
Sounds Podcast, BBC, 28 May 2021In this episode of the BBC’s Sounds podcast, host Ritula Shah and a panel of experts discuss why corporate America is wading further into politics via advocacy on social issues. They assess the growing trend in corporate activism across the United States, with corporations and investors now more willing to take a stand on climate, race,...
socio political environment
Don’t let employees pick their working-from-home days
Nicholas Bloom, Harvard Business Review, 25 May 2021While some managers may be inclined to let employees choose their schedule, Nicholas Bloom recommends not pursuing this approach for two reasons. First, there are challenges in managing a hybrid team, which can generate an office in-group and a home out-group. The second concern is the risk to diversity. Current surveys show that…
socio political environment