The CSRD (Corporate Sustainability Reporting Directive) in the EU reforms and significantly expands the reporting obligations of companies. It extends the reporting requirements and makes it compulsory for big to small and medium-sized enterprises based on a harmonized reporting.
A myth has long lingered in the private sector- the bottom line can only be driven by company-centered investments and business strategy. Today, however, the conversation has shifted from company-centered to stakeholder-centered, from bottom-line to triple-bottom line. And as CSR becomes more deeply integrated into core business strategy, a clear fact is emerging: Profit and Purpose should NOT be divorced. In fact, the opposite is true: These two make a power couple for companies seeking to be industry leaders.
The old adage that it takes a long time to build a great brand and only seconds to damage it has been recently evidenced by one of the world’s most powerful brands, this time Uber. As one of the most highly valued tech startups in the U.S., Uber has been dominating business news over the last few months for what has been described as their “aggressive, unrestrained workplace culture.”
Communication comes up again and again in analyses of key competencies for sustainability leadership. Being able to build bridges between science and business, between the finance department and the sales department, between NGO concerns and board-level strategy, and then, get everyone moving forward across the bridge in sync. These are the tasks of a Sustainability Influencer, and they don’t come easily!
The reason innovations fail is not because of technology. It’s never about the technology. Innovations fail because of people. The people who might employ a new technology may not be sold on it. Or they might be afraid of it. Or they might feel threatened by. Welcome to the dark side of innovation.
Sanofi, a global healthcare leader, just released its very first Integrated Report. This evolution in Sanofi’s reporting is designed to provide a holistic view of the company’s strategic roadmap and its sustainable value creation, performance, and governance, with information covering year 2016.
GRI strongly supports the work of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). The TCFD recommendations take an important step towards integrating sustainability information into financial disclosures. Investors and other stakeholders will be better informed by the TCFD disclosures on climate-related financial risks and opportunities. Another important breakthrough is the recommendation for scenario planning. Only by forecasting impacts can companies truly prepare and thrive as the climate changes.
You may have seen a few campaigns on social media recently about major corporations like Bacardi pledging to eliminate straws from all company functions. Why? It’s bad. Bad for the environment, but even worse for you.
Founded in 2006, Governance & Accountability Institute is a New York City-based company that specializes in research, communications, strategies and other services focused on corporate sustainability and corporate ESG performance (“Environmental, Social, Governance”) issues. G&A is offering the opportunity for an internship for a qualified student interested in learning more about these topics.
JetBlue today joined more than 100 other companies and business leaders and publicly committed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). A growing number of investors are demanding more information on how companies are addressing the effects of climate change. JetBlue recognizes the importance of voluntarily disclosing climate-related risks and opportunities and adopting the TCFD recommendations is an important step in preparing business for the long-run.
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