Tag Archives | CSR

Stakeholder Theory: Impact and Prospects

Stakeholder Theory: Impact and Prospects edited by Robert A. Phillips provides a great education in history to those of us who have been using the term “stakeholder” but who have little idea of its origins. Honoring the twenty-fifth anniversary of R. Edward Freeman’s Strategic Management: A Stakeholder Approach, Phillips assembles a collection of commentaries and critiques […]

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Fracking Done Right: Guide from IEHN and ICCR

The Investor Environmental Health Network (IEHN) and the Interfaith Center on Corporate Responsibility (ICCR), two shareholder coalitions committed to social and environmental justice, released a guide intended to help increase disclosure and mitigate the impacts of natural gas operations using hydraulic fracturing (commonly referred to as “fracking”). Responding to growing public concern about the environmental and social (more…)

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Review: The Organizational Ombudsman: Origins, Roles, and Operations–A Legal Guide

I heard Charles L. Howard discuss working on ombuds issues and his book The Organizational Ombudsman during panel presentations at the Silicon Valley Chapter of the National Association of Corporate Directors and at Stanford University. With all the advantages such offices offer to corporations I was wondering why more corporations haven’t set up programs. At the […]

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The Folly of a $-Centric Universe

Michael Levin argues cites Milton Friedman and Michael Jensen to support an argument that wealth maximization provides investors and executives with apparently the only clear means of setting priorities they really need. McDonalds Corporation should treat cattle and chickens humanely if doing so will sell more sandwiches profitably, not (more…)

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No Innocent Shareowners #OWS: The Duty of Care

John Paulson, the hedge fund titan who made billions in the financial crisis by betting against the subprime mortgage market defends the 1%: “The top 1 percent of New Yorkers pay over 40 percent of all income taxes, providing huge benefits to everyone in our city and state.” “I don’t think we see ourselves as […]

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CalPERS Dumps Mtn Top Removal Project

After pouring $200 million into vineyards across California, Oregon and Washington, CalPERS said this week that it is firing the firm that has been its investment partner and land manager. The investment has lost 40 percent of its value and was worth $122 million as of March 31, the latest figures available. The California Public Employees’ […]

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Publix, Google & UPS Top CSR List

Publix Super Markets, an employee-owned supermarket chain, earned the No. 1 spot followed by Google and UPS in the 2011 ranking of the 50 companies with the best corporate citizenship reputations among the U.S. public as compiled by the Center for Corporate Citizenship and Reputation Institute. The CSR Index was developed to understand how companies’ […]

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Impact Investing

The Fall issue of Cliff Feigenbaum’s Green Money Journal has an interesting article on “impact investing,” the term used to describe direct investments that that explicitly seek to achieve both financial return and social impact. A November 2010 report by JPMorgan and the Rockefeller Foundation, titled Impact Investments: An Emerging Asset Class, estimates the size […]

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Review: Business Ethics and Corporate Sustainability

Business Ethics and Corporate Sustainability contains fourteen essays examining mainstream business models with the aim of designing more sustainable systems with regard to corporate responsibility issues, such as the environment and human rights, while reducing overall risk profiles and increasing legitimacy. Christopher J. Cowton, for example, examines the moral status of corporations, their collective responsibility […]

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Reframing Corporate Social Responsibility

Reframing Corporate Social Responsibility: Lessons from the Global Financial Crisis, edited by William Sun, Jim Stewart, and David Pollard, is volume 1 in an important new series: Critical Studies on Corporate Responsibility, Governance and Sustainability. Disclosure: I’m on the Editorial Advisory and Review Board of the series at the request of William Sun, who I’ve […]

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Risks of Fracking

The companies most likely to be trusted by investors and most readily welcomed by local communities will be those that: • Have an across-the-board, transparent record of voluntary actions to reduce the quantity and toxicity of chemicals; • Develop innovative methods for reducing use of fresh water — for example, recycling fracturing waste waters or […]

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Video Friday: 6 Degrees Warmer: Mass Extinction?

Will we actually be frightened enough to do something more than install solar panels on our roof, buy a Prius and recycle our garbage? It doesn’t take an economist to understand the basic economic principle that you can’t grow an asset if you have destroyed the asset base. This fundamental principle seems to make perfect […]

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CalSTRS Advance Board Diversity

CalSTRS withdrew all eight of its board diversity shareholder proposals filed during the 2011 proxy season after successfully engaging companies to consider diversity in director searches. In recent years, the issues of board of director leadership and oversight roles have taken on increased significance to long-term investors, such as CalSTRS. Today’s economic challenges highlight the […]

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Non-Financial Reporting

The Global Education Research Network symposium hosted by the Center for Corporate Citizenship opened with a panel titled “Looking at the Big Picture of Non-Financial Reporting.” Moderator Brad Googins, associate professor at the Carroll School, was joined by Steve Lydenberg, partner, Strategic Vision, Domini Social Investing, and Michael Sadowski, vice president, SustainAbility Inc. Googins asked […]

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Call for Papers: Ethical Finance & Governance

A December 16, 2011 on Ethical Finance & Governance is planned for Paris, chaired by H. Jemel (Amiens School of Management & LEM UMR 8179, Fr), JM. Sahut (HEG Geneva, Ch & CEREGE EA 1722-Univ. Poitiers, Fr) & F. Teulon (IPAG LAB, Fr). Guest speaker at the conference will be Z. Sardar, a Visiting Professor at City […]

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Call for Papers on Institutional Investors & Sustainability

I’m on the editorial advisory board of the Critical Studies on Corporate Responsibility, Governance and Sustainability series of books to be published by Emerald and so am helping them scour the world for contributing authors. The next book in the series will be edited by Dr. Suzanne Young, Associate Professor, La Trobe University, Australia, and Professor Stephen Gates, […]

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SRI in the Rockies BaseCamp Comes to NYC

First Affirmative Financial Network announced yesterday that it will host a regional BaseCamp in New York City on Wednesday, June 15th from 9:00am to 6:00pm EDT. The one-day regional mini-conference is designed for investors and financial professionals who want to see their money working to change the world through sustainable and socially responsible investing. Hunter […]

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Social Media for Directors

Winnie Yu recommends directors join LinkedIn. Patricia Lenkov, president of Agility Executive Search, advises joining a LinkedIn group that interests you. A search for “corporate governance” turned up 186 groups when the article was written. Last I checked it was 240. Want the latest corporate governance news on Twitter? Lucy P. Marcus, CEO of Marcus […]

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Capitalist Tool Misses Point on SRI

When Does Socially Responsible Investing Go Too Far?, an advice item at Forbes (“the capitalist’s tool”) on money and ethics misses a major point. A reader writes in that his wife “has become passionate about social and political issues and asked that we not invest in companies she believes are bad corporate citizens.” Her list […]

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Simply Requiring Explanation May Make the Difference in CSR

Sigrid Rausing, founder of the Sigrid Rausing Trust, reports that a UK ethical investment research body, EIRIS, launched a report on a FTSE100 mining company, Vedanta Resources, at a seminar attended by some of the UK’s leading fund managers. The company has come under international scrutiny for its plans to mine bauxite in the Indian […]

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New Resources: Sustainability Quotes, Crisis Timeline, Cal Corp Law & Proxy Access Avoidance

Quotes – The Business Case for Sustainability & CSR Reporting: Selected Quotes from the Business Community July 2010. Tim Smith of Walden Asset Management, offered up  a helpful resource providing a selected set of quotes from CEO’s and company CSR reports on the business case for Sustainability and CSR reporting highlighting how they contribute to […]

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Timely Case Studies in CSR

Corporate Social Responsibility: A Case Study Approach, edited by Christine A. Mallin (Hardcover – June 30, 2010) takes a look at the worldwide  phenomenon of CSR, almost ex-USA, which has been extensively covered by others. Few are as qualified to edit such a volume as Mallin, who proved herself capable of screening out the best from […]

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Global Perspectives on Corporate Governance and CSR

Edited by Güler Aras and David Crowther, Global Perspectives on Corporate Governance and CSR is a vital exploration of issues around the possibility of developing theories and practice aimed at good corporate governance and good corporate behavior. In the opening essays, the editors slice and dice the topics several different ways. They look at governance […]

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July 2009 News Archives

Mutual Funds: Pass Through Voting? Various studies have shown that mutual funds often place their own interest in asset gathering ahead of their fiduciary duties. After studying proxy voting by US funds, Jennifer S. Taub (of UMass) concludes one option might be to “borrow from British reforms by creating a uniform set of best practices […]

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