The debt levels of large companies just before the Great Recession of 2007-2009 are strongly linked to local unemployment spikes during that time, a novel study co-authored by an MIT professor finds — adding another dimension to our picture of the recent economic crisis. “We found that companies with high leverage around 2006 ended up
With the start of the new year, business leaders around the world are contemplating how to take their companies to the next level when it comes to sustainability. And despite what’s happening in Washington, American businesses are rising the occasion — cutting carbon emissions, conserving water and energy, and engaging employees around their goals. If
All societies have problems. I am sure this is not a shock to anyone. Neighbors have disputes, poverty exists and inequality grows. Simply put, if each individual of a society is imperfect, so too is society, and since no one is perfect, we each play a part in making society imperfect. And like people, institutions
Social responsibility is gaining a lot of momentum in the business world, and startups to established businesses are becoming more socially responsible. Recently, while sourcing some printed marketing materials, I came across Print Social, a company based out of North Carolina. Their products, prices and reviews are great, but what stood out was their social
More and more U.S. companies around the world are proving that meeting the “double bottom line” - doing well by doing good - is smart business. When American firms invest abroad, they tend to invest for the long-term. They support communities where they operate. They hire local employees and are committed to treating them fairly.
Being socially conscious is no longer an option for the budding startups of the world. Making the world a better place is a necessity for any company looking to make an impact with their particularly innovation. But without an infrastructure in place to promote these startups, the world will continue to support the status quo.
Three-quarters (76 percent) of Millennials consider a company’s social and environmental commitments when deciding where to work and nearly two-thirds (64 percent) won’t take a job if a potential employer doesn’t have strong corporate social responsibility (CSR) practices, according to the 2016 Cone Communications Millennial Employee Engagement Study. The study reveals that meaningful engagement around CSR
The Jekyll and Hyde nature of science, in that it can be equally effective as a force for good or evil, presents society with challenges. While the current practice of science is perceived by many as being ethically sound, concerns persist regarding its negative impacts, and some remain sceptical about the aims of modern science.
In the more than 30 years that John Elkington has been advising companies about corporate responsibility, there's been a lot of change in how people view the topic. Many companies now endorse the notion of triple bottom line—Elkington's most famous idea. We have indexes of corporate behavior, as well as indexes of profit. And there's
Silicon Valley is a hub of innovation, but it also lives in a bit of a bubble. Many startups’ design decisions are based on assumptions that simply don’t apply or that fail to take into account the everyday realities facing low-income households. Services like Uber, for instance, might be available nationwide, but unless you live live