As a Canadian with more than 15 years in Mexico and work experience in over 35 developing countries, I am keen student of how corporate sustainability emigrates to and from developing countries. A particular interest is to identify what people believe is driving or blocking corporate sustainability in various regions of the world.
I have learned over the years that while there is an emerging global consensus on what constitutes corporate sustainability, many developed country folk tend to portray solutions as resolvable technical riddles. Some do “get” that fact that ultimately sustainability is more about the collective action desperately needed to remake a viable social contract with Mother Earth than just another more cleverer algorithm for recycling a few more cans. But I suspect Read more
All too often, successful new business model becomes the model for companies not creative enough to invent their own. Resource scarcity and population growth imperatives, ensure by design or disaster, the 21st century will be the Sustainable Century and only a very few companies are prepared.
Most companies have developed integrated environmental considerations into their business strategy and as a result, environmental performance is more about achieving and maintaining competitive parity than strategic advantage.
Sustainability competitive advantage is vested in more complex social and economic processes that focus on stakeholders, clients, and supply chain management. Very few companies have a strong sustainability strategy Read more
Did Queen Elizabeth I really know what she started when she asked for the very first audited report (in 1559!) as a means to check up on her (likely dodgy) Exchequer of the Realm?
Maybe, but her simple request led to a centuries-long work in progress in which the financial audit was evolved, adapted, and innovated to capture ever more clearly the financial performance of companies, and, of course, to ferret out skullduggeries, great and modest, of those who might rather not be held accountable to shareholders, the tax man or others. Read more
I struggled today as I put on my jeans. All I could think of was the 300 workers who died in a Karachi textile factory two weeks ago.
Separated by distance and culture, sometimes it’s hard to feel for the nameless poor that make our clothes, our electronics, our food. But this morning, I could not help but imagine their names, their hopes, how they lived, the faces of their children and of their families.
Their deaths were as tragic as they were avoidable. The owners of the factory have fled in shame and fear, but left behind over $5 million in bank accounts. It makes me cry to think of what small portion of this Read more