On August 19, 2019, 181 CEOs who are members of the U.S. Business Roundtable (BRT) issued a statement on the purpose of a corporation. Its opening sentence speaks to each person’s right to lead a life of meaning and dignity. It goes on to acknowledge the central importance of stakeholders, including customers, employees, suppliers, local communities … Continued
I am asking all of you who read this post to do whatever you can to encourage companies you are involved with in any way to get their board to publish a “Statement of Purpose.”
Previously I have written about the importance of the healthcare, resource transformation, food and beverage, consumption, extractives & minerals processing, renewables and alternative energy, and infrastructure sectors to the 17 Sustainable Development Goals (SDGs).
Stanford professor Jeffrey Pfeffer’s latest book, ‘Dying for a Paycheck’, argues that it is, attributing more than 120,000 deaths a year to workplace health conditions.
$12.7 trillion! That’s the projected size of the global construction industry in 2022, according to one recent analysis. In the US alone, construction employs some 10 million workers. And while it’s a relatively slow-growth sector, it’s been remarkably stable in many of its elements for hundreds of years. That may begin to change.
In June 2017 the European Union passed the EU Accounting Directive for Non-financial Information. It was implemented Member States in 2018. This law “requires large companies to disclose certain information on the way they operate and manage social and environmental challenges” on an annual basis.
Today the vast majority of innovation and business-development opportunities lie in the interfaces between functions, offices or organisations. The integrated solutions that most customers want — but companies wrestle with developing — require horizontal collaboration.
On today’s (June 13th) Marketplace broadcast, Marielle Segarra and Rita McGrath (with other experts) explore what happens when a small, born-digital, hip brand, like Harry’s, gets bought out by The Man. Harry’s was acquired for a cool $1.37 billion, 9 years into it’s rebellious, anti-big shave, existence. Going to market with a message that basically said to guys, “you don’t need … Continued
As Amy Edmondson of Harvard Business School explained in her book, “The Fearless Organisation”, the ideal is to create an atmosphere of “psychological safety” where workers can speak their minds. Managers need to learn the art of “respectful inquiry”, where they ask employees questions and listen intently to the answers. The bosses at Amnesty may … Continued
Most corporate leaders understand that businesses have a key role to play in tackling urgent challenges such as climate change. But many of them also believe that pursuing a sustainability agenda runs counter to the wishes of their shareholders. Sure, some heads of large investment firms say they care about sustainability, but in practice, investors, … Continued