Posts

A ‘Sweet Spot’ in tackling climate change?

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Today (Monday April 28, 2014)  Jeremy Oppenheim was in Toronto. Oppenheim is the director of the   Global Commission on the Economy and Climate (chaired by former Mexican President Felipe Calderon, co-chairs include Lord Nicholas Stern and the OECD Secretary-General). He was hosted by Corporate Knights ’ Toby Heaps for a 'high level' lunch which included some of the top brass of Toronto’s investment, real estate, insurance and academic communities. And civil society, of course, David Miller (ex-Major of Toronto and now Head of WWF Canada) was there, too. It was, first off, a real game changing experience to see a room of 30ish ‘climate activists’ in pinstripes (or female equivalent) convening over antipasto e bistecca to discuss the plight of the planet. Oppenheim's remarks were thought provoking as they reflected the current gist among those leaders that care  seriously about climate change. Oppenheim started by highlighting that the public debate has somewhat stalled...

A practitioner's reflections on the problems of shared value

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After our article on shared value came out in the California Management Review, and we published our last blog piece summarizing our critique, we've had a lot of response from various academics and practitioners in the corporate responsibility field. In fact, we've probably had more emails, comments and calls on this one article than we've had on anything else we've ever published. It has clearly struck a nerve. In the main, these responses have been very positive, suggesting that a lot of people have just been waiting for an article like this to come out. Here's just a smattering of some of the responses we've received (you can also read the comments to our blog post  for more): "This is a long over due excellent and comprehensive critique on the overly optimistic and shallow CSV framework that doesn't really address the real trade offs required to get to sustainable development." "Good on you for re-framing this topic in a manner that more ...

Four big problems with "Creating Shared Value"

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The idea of "Creating Shared Value" (CSV) popularized by Michael Porter and Mark Kramer in the Harvard Business Review has probably done more to get corporate responsibility issues into the boardroom than anything else written in the last few years. In many respects, that is a good thing. Or at least it is until you start to realize all the big problems that are hidden behind the big ideas of CSV. We've just published (together with Guido Palazzo and Laura Spence) a comprehensive critique of CSV in the California Management Review . The published version features a response from Porter and Kramer and a counter response from us which we think makes for quite enlightening reading (you can also download a free, but slightly different, version of our article but without this dialogue over at SSRN ). Our article sets out four main problems with CSV: 1. It is unoriginal.  Porter and Kramer simply don't acknowledge that there is little new about CSV. People have been writin...

CSR in Africa: be part of it!

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Today we have another guest post from our long-term friend and collaborator, Laura Spence, who is just back from the African Academy of Management Conference and had some reflections we thought would be good to share. *  *   *   *   *   * Given the laudable aims of corporate social responsibility protagonists - I guess, roughly speaking, to make the world a better place - you have to wonder why so much time and effort is put into understanding social responsibility in places where really, let’s face it, the social problems are not really that big. Should we be stressing about which company sponsors school sports equipment, or would we be better occupied to worry about schools which have no books? Is corporate lobbying one of life’s big issues or could it rather be the conflation of corporations and governments, systemic bribery, corruption and nepotism? Should we be fretting about diversity training in head offices or focusing on situations where gender, race, ...

Top 10 corporate responsibility stories of 2013

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Plus ça change in corporate responsibility. If nothing else, 2013 provided ample evidence that, contrary to popular belief, corporate responsibility issues, even the huge stories that dominate the media, do not exactly come out of nowhere. So many of the top CR stories of the year, like the Rana Plaza disaster, Apple's tax problems, and JP Morgan's huge fine, were already prefaced by the big stories of the previous year. Among our top 10 of 2012 were a Bangladesh factory fire, corporate tax avoidance, criticism of tech companies, and prosecutions in the financial sector. So the writing was already on the wall for most of the big stories of 2013. It would appear, as Ethical Corporation editor Toby Webb said recently , that with all the excitement about new opportunities and win-wins, companies are underestimating the importance of sound ethical risk management in the corporate responsibility equation. So, if you want to know what CR risks lie ahead for 2014, you could do wor...

The business of modern-day slavery

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Events last week in the UK, where three women were rescued from what appears to be a 30 year-long situation of forced domestic labour situation , have focused a great deal of attention on "modern-day slavery". But it is hardly a one-off. Issues of forced labour, human trafficking and modern slavery are increasingly gaining public attention. Business, however, has been slow to engage in the conversation. Perhaps this is no surprise given that no company wants to run the risk of being tainted with the spectre of slavery. But most of the big modern slavery stories involve business. From children forced to harvest cotton in Uzbekistan to labourers enslaved to fish in the waters of New Zealand , hardly a week goes by without a new story of extreme exploitation being splashed across the media. The appalling treatment of migrant construction workers in Qatar the build up to the 2022 FIFA World Cup has gained more exposure than most, likely because of the headline claim that constru...

Rob Ford should stay

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Toronto, that once sleepy capital of Canadian business, ‘New York run by the swiss’, a city widely seen as boring and ugly (esp. compared to its once-competitor Montréal) – has made global news: A crack smoking mayor ! Match that, London, New York or Berlin! All the mainstream media here (and globally) are pretty unanimous in their call for Rob Ford’s resignation, or at least for him taking a break. That in itself is a reason for suspicion. In my business ethics course this week I had a vivid exchange with my students. We were discussing discrimination and how it is unethical to apply criteria such as race, gender, sexual orientation, recreational habits etc. to job qualifications and hiring. On that note, calls for Ford’s resignation are not very convincing. After all, on many accounts, he has done a good job as Toronto’s major. The city’s finances are healthy; public services are running smoothly, key infrastructure projects, such as the construction of new subway lines have...