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Why CEOs of socially responsible companies face a higher risk of getting fired
As a consumer, you may feel a little better knowing that stores where you shop pay their workers a fair wage, hire a diverse workforce and avoid polluting the environment. But if you’re a CEO trying to run your business in this way — known as practicing corporate social responsibility — you may actually be taking on an unexpected personal risk, a new study finds.
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846 Companies Honored as Best for the World, Creating Positive Impact for Workers, Environment, Community
“Today's honorees inspire all companies to compete not only to be best in the world, but best for the world. We hope many will take the first step to follow their lead by using the B Impact Assessment to measure and manage their impact with as much rigor as their profits,” said Jay Coen Gilbert, co-founder of B Lab.
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OPINION: Making the Case for Private Sector Engagement in the Fight Against Malaria
Malaria impacts businesses in a variety ways, including lost productivity from employees taking time off when they or their family members are ill, as well as greater expenditure on healthcare programs to treat employees. The results, though, are the same: decreases in a business’ profits.
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- Health Care
- Region
- Sub-Saharan Africa
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How Mastercard’s “Data Philanthropy” Program Is Tackling The Global Financial Information Gap
Through its Center for Inclusive Growth, an independent subsidiary of the company launched in 2013 to support financial inclusion in the developing world, Mastercard is experimenting with a new type of philanthropy: data donation. Mastercard is one of the largest payments companies in the world, and Shamina Singh, president of the Center for Inclusive Growth, says that when the Center was founded, it was with a mandate from the company’s board of directors to “think about Mastercard’s assets broadly, and then think about how those assets can be applied for social good.”
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Betterment Announces Socially Responsible Investing Portfolio
The Betterment investing team, which includes PhDs, CFP® professionals and CFAs, analyzed all low-cost funds oriented toward environmental, social, and governmental (ESG) criteria, searching for products that could replace components of Betterment's portfolio strategy without sacrificing the parts of Betterment's advice that protect investors' returns the most: global diversification, tax optimization, and control of cost
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- Investing
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Think twice before investing in a social welfare initiative at your company, study says
By analyzing a sample of information from firms dating back to 1992 until 2014, Javakhadze found that corporate social responsibility programs don't consistently yield sufficient results – be it tangible, in the form of revenue, or intangible, as in company morale – and, consequently, diminish shareholders' returns.
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- Investing
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How Ikea helped to change attitudes on helping refugees
Refugee populations have long been reliant on charitable aid agencies, but could business investment make a more meaningful difference?
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Want to use your money to change the world? The pros and cons of investing for social good
Wall Street has a longstanding reputation for checking its conscience at the door. "Greed is healthy," stock trader Ivan Boesky told a University of California at Berkeley business school class in 1986. The inspiration for Gordon Gekko in Oliver Stone's Wall Street, he would later go to prison for insider trading.
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- Impact Assessment, Investing