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Indian Government Expands Scope of CSR Spending
Till now, companies were allowed to provide CSR funds to technology incubators located within Centre-approved academic institutions.
- Region
- South Asia
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Steve Mnuchin Dissed 181 Major CEOs in a New Battle Over the Future of Profits
Steve Mnuchin joined the ranks of those not happy with the Business Roundtable's revised statement on the “Purpose of a Corporation,” signed by 181 CEOs of major corporations. The Treasury Secretary said he would not have signed it.
- Region
- North America
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The Business Roundtable Announcement: How We Can Ensure It’s Part of a Paradigm Shift – and Not Just Window Dressing
Last week members of the Business Roundtable, an organization comprised of CEOs of some of the world’s largest corporations, signed a statement "modernizing its principles on the role of a corporation." They declared that the purpose of a corporation is to create value for employees, suppliers, customers and communities – not just shareholders. At face value, it's a game-changing announcement. Impact investing pioneer Margot Brandenburg explores how to hold these companies accountable to it.
- Categories
- Investing
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Viewpoint: Stakeholder Capitalism: Intention is the First Step toward Accountability
Maybe someday soon, we will be able to know how well a company treats its employees or contributes to climate change, as part of its regular filings. With more actions, we’ll get more data and start to understand which actions lead to better financial performance, and which might not, but will be viewed as worth doing by Americans and the company’s shareholders anyway.
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The CEOs of Nearly 200 Companies Just Said Shareholder Value Is No Longer Their Main Objective
The Business Roundtable, a group of chief executive officers of nearly 200 major U.S. corporations, issues a statement with a new definition of the “purpose of a corporation.” Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.
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Sustainable Business in an Unsustainable World: Three Companies that Show the Impact of Corporate Shared Value
In the U.S., 95% of college grads consider a sense of purpose important in their work, while globally, two-thirds of people are willing to pay more for products from companies committed to positive impact. William Towns of Benefit Chicago discusses the implications of this shifting mentality, and explores how it's being put into practice by several social enterprises across the Chicagoland region.
- Categories
- Social Enterprise
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A Landmark Impact Investment: Could This Innovative Experiment with Islamic Finance Provide a Model for Both Sectors?
Impact investing and Islamic finance are two segments of the socially responsible finance spectrum that rarely intersect – despite having much in common. But according to Umar Moghul, a transactional lawyer with experience in Islamic law, a recent impact investment by Mission Driven Finance in Somali Family Service of San Diego offers an example of how the two sides can come together to boost their mutual impact.
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Viewpoint: MacKenzie Bezos’ Philanthropy: A Force For Good Or Empty Gesture?
With social responsibility and philanthropy low on Amazon’s priority list until recently, understanding where the recent divorcee may invest her resources is at best a guessing game, though her statement made clear it is a decision to be made with “time, effort and care.”
- Categories
- Technology
- Region
- North America