ORGANIZATIONAL GOVERNANCE -
Welcome to the tipping point of capitalism.
At a time defined by political scandals, nuclear threats, and turbulence on Wall Street, business is society’s unlikeliest hero. A series of watershed statements, reports and initiatives from some of the world’s most well-known capitalists is heralding a new zeitgeist, during which businesses are expected to exist to benefit society — not just shareholders.
MARKETING & COMMUNICATIONS -
A first-of-its-kind research project led by Microfinance Opportunities (MFO) in partnership with Fashion Revolution and C&A Foundation gives the most comprehensive picture yet of the living and working conditions faced by female garment workers in Bangladesh, Cambodia and India.
CONSUMER BEHAVIOR CHANGE -
The more mature you get, the more you start to understand that the little, normal things you do and the routines you follow make a big impact over time. Leave the water running while you’re brushing your teeth, and you’re wasting up to 200 gallons of water each month. Bike to work every day, and you’re cutting down on household emissions by at least 6 percent while lessening vehicular pollution by about .97 pounds per mile.
NEW METRICS -
Without a uniform, universally accepted and publicly available measurement methodology, companies large and small wanting to eradicate the pay gap are often left wondering where to start.
SUPPLY CHAIN -
Supply chains are making headlines once again — and for all the wrong reasons.
COLLABORATION & CO-CREATION -
A year after announcing its strategy to ensure 100 percent of its branded tuna is sustainably sourced, Thai Union, the company behind brands such as Chicken of the Sea, Bumble Bee, John West and Petit Navire, has embarked on a new partnership with Nestlé to help rebuild its damaged reputation.
PRESS RELEASE -
GRID Alternatives, a national leader in making clean, affordable solar power and solar jobs accessible to low-income communities, announced today a $500,000 grant from Bank of America Charitable Foundation to support its SolarCorps Fellowship Program. This national grant builds on the bank’s past support for GRID in locations in California and Colorado.
SUPPLY CHAIN -
The cocoa industry is undoubtedly changing for the better, but the road to a sustainable sector is a long one. According to industry experts, long-term, sustainable change can’t be made without paying farmers a premium.
CIRCULAR ECONOMY -
While a recent report from waste management firm Suez has expressed concern about the potential “disastrous” consequences of Brexit on the UK’s already taxed waste infrastructure system, Scotland is forging ahead with its plans to create a Zero Waste future. Late last week, MSP Roseanna Cunningham, Cabinet Secretary for the Environment, Climate Change and Land Reform, announced the cities chosen for phase two of Zero Waste Scotland’s Zero Waste Towns project.
FINANCE & INVESTMENT -
Young, sustainable companies have it tough. With all that excitement and idealism in building a new company comes a mountain of obstacles to overcome. But for purpose-driven companies pursuing opportunities that also create impact, that risk/reward ratio may be even higher.
MARKETING & COMMUNICATIONS -
A digital initiative bringing to life real stories about real people in the Bangladeshi garment industry is proving a game-changer in the country in its first year of launch.
“Made in Equality” is a website and Facebook page illustrating garment workers’ life experiences in their own words. The simple format of an individual’s image, presented alongside their quotes, is proving moving and powerful.
PRESS RELEASE -
Visa (NYSE:V) today marked the launch of the newly-incorporated Visa Foundation, which has been established as part of Visa’s larger social impact strategy that will prioritize the growth of micro and small enterprises around the world, enabling individuals, businesses, and economies to thrive. To mark its inception, the Visa Foundation is making its first financial commitment of up to $20 million to Women’s World Banking.
PRESS RELEASE -
Google.org and Goodwill, the United States’ leading workforce development nonprofit, have announced the launch of the Goodwill Digital Career Accelerator. Funded by a $10 million grant from Google.org and with the assistance of 1,000 Google volunteers, the new Goodwill initiative will enable more than one million people — including people with disabilities and disadvantages, youth, older workers, veterans and military families, and people who are transitioning back into society — to receive digital skills training over the next three years.
INNOVATION & TECHNOLOGY -
Earthshine, a consultancy and think tank focused on business and economic transformation, and remanufacturing company Norsk Ombruk have released a new business case white paper demonstrating how remanufacturing within a circular economy can deliver a wide range of benefits for society, environment and economy.
ORGANIZATIONAL GOVERNANCE -
While faced by a myriad of social and environmental challenges, the fashion and textile industries continue to edge ever-closer to a more sustainable, equitable and circular future thanks to the innovative thinking of industry leaders.
PRESS RELEASE -
Ahead of World Tourism Day, Carlson Rezidor Hotel Group, along with other leading global hotel groups in the International Tourism Partnership (ITP), reached a consensus on the goals for a sustainable hotel industry.
The ITP today announced these four goals, which are in support of the UN Sustainable Development Goals, and focused on carbon, water, youth employment, and human rights.
PRESS RELEASE -
Nestlé has today announced a new ambition for its global youth initiative: Nestlé needs YOUth. By 2030, Nestlé will help 10 million young people around the world have access to economic opportunities.
The global initiative brings together all of the efforts to support young people around the world that Nestlé undertakes on its own and with others, including the Alliance for YOUth.
In addition to employability, the initiative now also focuses on the next generation of farmers and entrepreneurs across Nestlé’s value chain. It also seeks to encourage innovation, including through a challenge on the HENRi@Nestlé open innovation platform.
PRESS RELEASE -
Cybersecurity skills are in high demand, and employers are challenged with finding the right talent to build their expanding workforce needs. At the same time, thousands of veterans are looking to apply their unique skills as they transition to civilian jobs. At Cisco, we see this as an opportunity to build a bridge between a targeted talent pipeline and our ecosystem of employers and partners.
SUPPLY CHAIN -
Four years after the collapse of the Rana Plaza garment factory in which 1,134 people were killed, Fashion Revolution has released its 2017 Fashion Transparency Index, which ranks 100 of the biggest fashion companies on their social and environmental policies, practices and impacts.
CONSUMER BEHAVIOR CHANGE -
Seventy-five million people work directly in the fashion and textiles industry. Many are subject to exploitation; verbal and physical abuse, unsafe working conditions and poor pay. While some progress has been made since the collapse of the Rana Plaza garment factory in 2013, which killed 1,138 people, there is still a lot to be done.