As I mentioned in my article introducing this series last week, John Furner, President and CEO of Walmart US, stated during NRF, “The role of corporations has changed, and it’s not about simply creating shareholder value anymore, but creating great employment opportunities, making a difference in the environment, and adding value to the customer.” As demand for
Financial inclusion has been demonstrated to stimulate economic and social development and to move society toward a range of UN Sustainable Development Goals (UN SDGs). This is achieved by providing access to affordable and responsible financial products and services that people need. We explain below how impact investments that promote financial inclusion can help to
By John Hoffmire Traditional investors often put money into companies focused mainly on the returns they will see, while many nonprofits and government agencies provide funding for programs in return for measurable social impact. Impact investing attempts to join business and social concerns. The point of impact investing is to fund companies that not only generate
Ask Jeff Abella if he likes coffee, and he’ll say yes. Truth is, he can take it or leave it. It was Mr. Abella, however, who lugged pounds of coffee (and cacao) beans from Cameroon in his suitcase and roasted them in his kitchen toaster oven during a yearlong testing process to create premier coffee
For years, BlackRock (NYSE:BLK) CEO Larry Fink has used his annual letter to CEOs to tout the importance of social progress and challenge shortsighted businesses and governments that just focus on profitability. This year's letter made waves because he's finally putting his money where his mouth is by introducing some concrete steps in response to climate change. In sum, Fink's
The concept of degrowth dates back to the 1970s, when a group of French intellectuals led by the philosopher Andre Gorz proposed a simple idea: In response to mounting environmental and social problems, they suggested that the only real solution was to produce and consume less — to shrink our economies to cope with the carrying
2019 saw a total of 479 green bonds issued worldwide, up by a quarter compared to the previous year. And 2020 is set to be a “bumper” year for green bonds, according to Linklaters. Hedge fund managers are also feeling the ethical squeeze, with growing investor demand the key driver in hedge fund ESG investing.
Imagine the world in 2030. We’ve exhausted our virgin, natural resources. Our mines are tapped out. Our working forests are gone. Our fossil fuel reserves are done. Luckily, our leaders across business, government, and civil society have joined together to create vast amounts of natural reserves (just in time!), so that the environment is able
Want to grow your money faster than the broader economy? Go even greener! Investors who have focused on ESG (environmental, social, and governance) funds are smiling lately due to lower exposure to fossil fuels and downside protection from last year’s market slumps. Those are the results in from Bloomberg’s 4th annual ranking of large US ESG funds.
Despite growing interest in sustainability, two major factors are discouraging consumers from purchasing brands with sustainability-oriented practices. According to a global survey from The Conference Board, consumers cite the top deterrents as the price premium associated with sustainable products, as well as communications challenges. The latter entails consumers insufficiently knowing about, trusting, and understanding brands' sustainability claims.
There’s a lot of “greenwashing” in today’s marketplace. Some brands claim to be eco-friendly in their marketing but don’t back it up with measurable actions. To authentically stand behind sustainability commitments, you must take a hard look at your own supply chain footprint, formalize a strategy and invest time and resources to see it through.
When former investment manager Ron Cordes started a charitable foundation in 2007, he got frustrated because he could only “do good” when he was actively giving the money away to needy causes. Then Cordes discovered impact investing. “We became passionate about sustainability,” he told Reuters. At first, the Cordes Foundation allocated 20% of its $10
More than 30 trillion dollars has poured into global sustainable investments, up 64 per cent since 2014, according to a discussion paper by McKinsey and Company which seeks to describe how approaches to environmental, social, and governance (ESG) concerns build business value. According to the management consultancy, paying attention to ESG does not compromise returns.
It’s the word you hear every day when you shop: sustainability. But what does it mean and what should companies be doing about it? The Conference Board has just completed an exhaustive worldwide study of 30,000 consumers in 64 markets and has some definitive answers to those questions. Here are the five most important takeaways. 1. What
The grandson of legendary investor and billionaire Warren Buffett is getting into Opportunity Zones, but in an unusual way. Howard W. Buffett is rolling out a software tool that measures an Opportunity Zone investment’s potential social, environmental and economic impact. Through his advisory firm, Global Impact, Buffett developed the software, “Impact Rate of Return,” with
By John Hoffmire The beacon of development often conjures up images of radical innovations, disruptive models and leapfrog technologies. And yet, as nations attempt to embrace the promises of development, there is often a colossal failure of both imagination and execution in providing for even the most basic of human needs. Measurable social change, ensuring
Glance above the counter at the Clintonville bakery Food for Good Thought, and it’s right there, printed in red. In 2018, the bakery’s customers tipped $653. These above-and-beyond incremental dollars provided more than 70 hours of paid employment to the individuals with disabilities, whose pictures hang on the opposite wall. But those numbers are now
Donors practicing venture philanthropy see their gifts as investments and draw on the analytical rigor of the for-profit world to assess the nonprofit organizations they support. It has become increasingly popular as businesses show more concern for social good, traditional funding sources have shrunk, and donors demand more impact from their giving. To explore the
The urban world is facing a double demographic hit on economic growth. Between 2000 and 2012, an expanding population drove nearly 60 percent of economic growth in the world’s large cities, but those days of easy urban growth are over. First, global population growth is slowing due to declining fertility rates and an aging population.
Story at a glance Denmark-based renewable energy provider Ørsted topped the list. Nearly half the companies on the list are based in Europe, while 29 are based in North America and 18 in Asia. Cisco Systems, Inc. is the highest ranked American organization at number 4. A list of the 100 corporations doing the most to implement