We are all aware of the term, “environmental, social and governance” – also known as ESG. It describes the three central factors used in the investment community to measure the sustainability and ethical impact of an organization. Although the environmental and social elements are very familiar to the CR practitioner, we may struggle at times to appreciate “governance.”
Governance is defined as a “system by which an organization makes and implements decisions in pursuit of its objectives” (ISO 26000: 2010 – Guidance on Social Responsibility). The definition is broad. So how does governance work in our day-to-day activities within the organizations that each of us belong to?
Spring is considered by most to be a time of renewal. This tradition has been embraced by the Corporate Responsibility Officers Association (CROA). I am Bob Pojasek, and I am the Executive Chair of the CROA. This is my first blog post for the CROA and I will be doing this monthly going forward. Very soon, we will be launching our new newsletter, a new website and a new LinkedIn site. CROA will be holding its own track within CR Magazine’s Commit!Forum in New York City on October 8-9, 2013. There are many other changes in progress.
Let me begin by saying thank you to Richard and Kim for their tremendous leadership and guidance of the Corporate Responsibility Officers Association. Please allow me to introduce myself and the new Manager of Member Services, Heather Nielsen.
Allie Williams, IOM – Executive Director, comes to the CROA and SharedXpertise with a background in Organizational Management and Corporate Sales. He served as Director of Membership in the Office of Federation Relations at the U.S. Chamber of Commerce for nearly 8 years, raising significant revenue and providing strategic outreach to strengthen the federation of state, metro and local chambers of commerce throughout the country.
Internet freedom, human rights, trust, transparency and youth programs were just a few of the issues discussed at the 2012 COMMIT!Forum this past October in New York City. The speakers –CEOs, government leaders, policy-makers and heads of non-profit organizations – noted in the follow-up interviews that the Forum allowed them to engage the 700-person audience in how important these issues are to business leaders and their stakeholders.
Over 600 CEOs, heads of corporate responsibility, sustainability, investment analysts, NGO and government leaders, and academics gathered in New York City in October to attend the COMMIT!Forum where thety discussed the future of corporate responsibility and the challenges their companies facd when trying to implement CSR initiatives. Following the forum, attendees offered their comments and reflections and talked about their biggest "Aha" moment from the forum. You can view the videos here.
Hershey Foods Teams with Former Olympian Carl Lewis to Teach Kids Fitness and Moderation
I wrote a column a few weeks ago about corporate fitness and wellness programs. I decried the lack of planning “responsible” companies were directing at the health of their employees in the area of wellness. Shortly after the article ran I received a call from a Hershey’s representative about programs they were running to instill healthy values in kids. The spokesperson for the program was none other than Carl Lewis, the great Olympian who was voted the “Olympian of the Century” for the Twentieth Century by none other than the International Olympic Committee.
The concept of corporate responsibility covers a broad spectrum of corporate “give back” including governance, social responsibility, philanthropy and, most recently sustainability. Generally, corporate responsibility focuses on an individual organization’s relationship with its community, stakeholders, and customers, and the way in which it contributes to the world around it beyond profit and shareholder value -- sharing and contributing to something bigger than the immediate economic well being of the organization.
I’m part of an endangered species. We used to roam the wide plains of the Midwest and the open spaces of the American Southwest in vast herds. We could be found in thriving clusters throughout New England. Sadly now, we’ve been culled, driven out, and hunted as RhINOs.
I speak, of course, of that ever rarer creature, the publicly-declared moderate Republican. Derided as RhINOs (Republicans In Name Only) or driven into hiding, I know we’re still out there. I also know there are Democrats who don’t believe that everyone who disagrees with them is automatically a hick, racist, or ignorant, and who don’t feel businesses just exist to be blamed, milked, or nationalized.
Those of us in the “radical middle” need to come out of hiding...
There is a lot of anecdotal information on what makes a sustainable value chain, but very little data, so we partnered with ASQ and ISM, with the help of Deloitte, earlier this year on a multi-year research study to identify proven management practices and cost-saving approaches, and the initial findings are out!