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Chad Tragakis's blog

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Helping Japan in the Best Way Possible

Just over a year ago, in the aftermath of the worst natural disaster ever to befall Haiti, I wrote about the generous and inspirational commitments that individuals, organizations and corporations were making in response. I also wrote about the very best way to helpin times of disaster, based on lessons long learned by government, NGOs and others in the disaster response and relief community.

Now, in the aftermath of the worst natural disaster ever to befall Japan, I feel compelled to revisit some of those same themes and learnings. It’s unfortunate that just a year later, we are faced once more with a seemingly unprecedented crisis and the prospect of a long, hard recovery and rebuilding process. If there is any glimmer of a bright spot here for humanity, it is that when times are their worst, people and companies are often at their best. And, with each disaster, we have the benefit of knowing what worked – or didn’t – in previous instances.

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Privacy is Dead. Long Live Privacy!

The Queen of England joined Facebook late last year. I signed up early last month. It was a New Year’s resolution and I was officially out of excuses. If, at age 83, Her Majesty could do it, then I certainly could. I had my reasons for waiting so long, much to the surprise, chagrin and teasing of friends and family. First, the time crunch. I’ve seen how so many friends and colleagues practically live on the site, and how much it consumes some of them. But, more than concerns over time were concerns over privacy. How much would I have to give up to glean the benefits of the site and all it had to offer?

Facebook has had to deal with continued criticismboycotts and legal action over allegations of violating user privacy. Some of this was related to the site’s wildly popular but seemingly innocuous gaming apps, like Farmville and Texas HoldEm. And Facebook is just one of many firms being forced to address privacy issues head on.

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Imperceptible But Meaningful Change

 “If mankind is not to perish after all the dreadful things it has done and gone through, then a new spirit must emerge.  And this new spirit is coming not with a roar but with a quiet birth, not with grand measures and words but with an imperceptible change in the atmosphere – a change in which each one of us is participating…”

If ever there were a New Year’s wish for humanity, this beautiful prose from Albert Schweitzer would fit the bill perfectly.  A new year, a new spirit, a new chance to live and work responsibly and sustainably.  It is the season for looking back and looking ahead, and I’ve been doing a lot of both lately.  Colleagues, clients and friends have been asking me what I’m seeing in terms of coming trends in corporate responsibility and sustainability.  Here’s what I’ve been telling them.

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Supersizing Responsibility, Not Portions

Hard to believe that the end of another summer is upon us.  Earlier this month I was on Cape Cod, enjoying a week of vacation, which included eating a lot of fresh seafood.   The menu included cod (of course), clams, flounder, haddock, lobster and scallops.  All of it was delicious, but with every bite there was a little remorse.  Ever since I first read the United Nations Environment Program’s (UNEP’s) prediction that the world’s fisheries could be depleted by 2050, I have suffered a tinge of guilt with every plate of broiled scrod, every cup of seafood stew, every lobster roll.

According to UNEP, 30 percent of global fish stocks have already collapsed – meaning that they now yield 10 percent or less of their previous potential.  I also know full well that some one billion people around the world, most of them from developing countries, rely on seafood as their primary source of protein and a major source of their sustenance.

Responsible fisheries management and improved practices here in the U.S. and around the world are a good start and help alleviate some of my guilt.  Fish farms also have a role to play in meeting the world’s growing demand for seafood, but they are not without their challenges or critics.  And while I’m intrigued by the promise of genetically altered fish, there are many unanswered questions and many associated risks still to be addressed.

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Echoes of Bhopal in BP

“Business started long centuries before the dawn of history, but business as we now know it is new – new in its broadening scope, new in its social significance.  Business has not learned how to handle these changes, nor does it recognize the magnitude of its responsibilities for the future of civilization.”

        Wallace Donham, Dean of Harvard Business School – 1929

I love this quote.  Sadly, it rings as true today as it did 80 years ago.  Business had not yet learned how to handle the changes that were happening then in terms of the real impact the sector had on society.  And while incredible progress has been made in the decades since Donham’s prophetic observation, it’s clear that business still does not recognize the real power it holds in shaping the future of our planet and its people.  There are great models of responsible, sustainable corporations and glimmers of hope from enlightened enterprises.  But there are too many BPs out there – companies with lots of promise but little execution.

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Remembering C.K. Prahalad

“What is needed is a better approach to help the poor, an approach that involves partnering with them to innovate and achieve sustainable win-win scenarios where the poor are actively engaged and, at the same time, the companies providing products and services to them are profitable.”

 

                 C.K. Prahalad – From The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits

 

I’m often asked – by colleagues, friends, clients and prospective clients – what is the value of CSR?

I am always happy to run through the now well-established list of how different dimensions of a genuine commitment to corporate responsibility can impact the bottom line, directly and indirectly.  From stronger relationships with communities and an enhanced license to operate to increased profitability through operational efficiency gains and materials and resource management, to management of risks and improved relations with the investment community, enhanced employee relations that yield better results and cost savings with respect to recruitment, motivation, retention, learning  and productivity, to improved reputation and branding, and qualification for billions of dollars in screened business, the business value of and return on investment in CSR is increasingly clear.

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The Next Generation of Responsible Business Leaders

Recently, I hosted a group of graduate students from Syracuse University’s Maxwell School.  I also spoke to a group of undergraduates at George Mason University.  I was struck by the questions they asked me and their responses to the questions I asked of them.  They wanted to know about the linkages between ethics and business performance; they asked about the risk management dimensions of social and environmental responsibility; and they hold crystal clear points of view on corporate reputation, respect for customers, and the value and impact of strategic philanthropy and employee volunteering.

These interactions reminded me of the numerous survey findings suggesting that young people prefer to work for companies that are socially and environmentally responsible.

 

§  Research recently conducted by PricewaterhouseCoopers found that 88% of millennials say they will choose to work for companies whose corporate social responsibility values reflect their own. 

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Kids, Soccer Balls and the Unintended Consequences of Good Decisions

Several years ago, I attended a forum in Washington, DC on supply chain responsibility.  At the time, I was managing corporate social and environmental responsibility communications for two different clients, both with vast, global supply chains.  Supplier responsibility was an area of constant focus and opportunity for these companies.
 
The forum was a quiet, routine affair as these things go, and polite.  I saw a few participants looking a bit sleepy at the end of one session in particular – where representatives from three Fortune 500 multi-nationals spent the better part of an hour outlining the steps their companies had taken to eliminate child labor from their supply chains (the inspections and audits, on the ground partnerships, tracking and reporting).
 
Everything changed when, during the Q&A period, a young woman in the audience stood up and posed a question to the panelists.  She worked for a small NGO with operations in India, and noted that many families there desperately rely on the income of all family members – parents, grandparents, and yes, children.  She spoke briefly but compellingly, painting a picture of poverty and need that most in the room couldn’t comprehend.  The panelists look puzzled, and there were murmurs of surprise and disbelief throughout the audience.
 

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Saving Ducks and Confiscating Guitars: A Good Law Gets Better

The United Nations has declared 2010 to be the International Year of Biodiversity.
 
There are many definitions for biodiversity, but the one adopted by the United Nations Convention on Biological Diversity is: “the variability among living organisms from all sources, including, ‘inter alia’, terrestrial, marine, and other aquatic ecosystems, and the ecological complexes of which they are part: this includes diversity within species, between species and of ecosystems”.
 
Preserving the world’s ecosystems and the web of life they each support is a good and noble goal in and of itself.  But by preserving biodiversity we are really ensuring our own health, safety, economic security, and our very way of life.  So this year, global institutions of all kinds, government agencies, and even corporations are coming together to celebrate the variety of life on planet Earth, and the value and importance it has for us humans.
 
From supporting and advancing agriculture, medicine and tourism, to combating climate change, biodiversity has real bottom line benefits for our global society.  If you’ve never seen it, The United Nations Environment Programme issued a great report on the topic, The Economics of Ecosystems and Biodiversity (TEEB).
 
But how do we make the goal of protecting species and ecosystems real?  How do we preserve biodiversity?  One way is through policies and laws with teeth, and through the rigorous enforcement of those laws.  One such law is the Lacey Act.
 

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The Best Way to Help Haiti

Our hearts are with Haiti.  The 24-hour news coverage is arresting, but at the same time, it is difficult to watch.  For each glimmer of hope – each miraculous rescue more than a week after the initial earthquake – there is the grim reality of despair, desperation and dire need.
 
The world is coming together for Haiti, hoping to fill that need.  Individuals, community groups, civic organizations and corporations are displaying levels of interest, compassion and generosity not witnessed since the South Asian Tsunami five years ago.  People are marveling, and rightly so, at the seeming speed and ease with which the Red Cross has received more than $22 million for Haiti relief efforts via text.
 

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