A step change is needed in the amount of private finance available for sustainable development. The bad news is the financial sector is still headed in the wrong direction. Continue reading
The Community Bank model developed by Bendigo Bank is an alternative approach for providing financial services to rural and metropolitan communities – but why was it established? And how does it work?
Opening day of the Henty Community Bank Continue reading
Teachers Mutual Bank is a purpose-driven bank; we believe profit has a purpose. Ethical business practices and sustainability are at our very heart. We are committed to creating a better world for our members, the teaching community, the planet and the people on it. Our core values are Advocacy, Passion and Sustainability. Continue reading
On October 8, 2014, the School of Public Policy at the University of Calgary sponsored a symposium entitled “Is Social License a License to Stall?”. Non-Canadians can be forgiven for not getting it. License to stall? What?
The concept of the SLO originated in the Canadian mining industry. It was coined by a Vancouver-based executive of Placer Dome named Jim Cooney. Controversies surrounding infrastructure development (e.g., airports, highways), energy projects (e.g., gas, wind, pipelines, electrical power lines) and the extractive industries (e.g., forestry, mining, petroleum) usually include the tension between the widely-distributed, ‘common good’ benefits and the locally concentrated positive benefits and negative impacts.
As corporate social responsibility (CSR) has matured, many concepts and tools have been developed to help manage particular aspects of it. We now speak not only of CSR but also of social impact assessment (SIA), social impact management planning, stakeholder engagement, social licence, social return on investment, social accounting, integrated reporting, and materiality analysis. And that’s before we start talking about sustainability. Perhaps this is a sign that we now understand CSR more deeply, as we seek to understand its every nuance. Continue reading
Water is life: a truism for sure, but no less true – and eminently self-evident at this year’s World Water Week (WWW, August 31-September 5) where the theme was water and energy, centred on the nexus between the two.
The World Water Week is a long and jam-packed week, beginning on Sunday and finishing Friday with informal networking events most evenings. Of course it’s impossible to attend everything, but I hope I managed to get to most of the relevant sessions to enhance WaterAid’s work and to challenge a few of my own assumptions.
By Mahesh Enjeti, NSW Councillor, Australian Marketing Institute and Managing Director, SAI Marketing Counsel
Despite the growing awareness of Corporate Social Responsibility and increasing evidence that some organisations are showing genuine commitment and tangible results, the argument about CSR’s value, relevance or even need continues to simmer. Continue reading
The corporate sector needs an urgent rethink to even come close to achieving the social and environmental hallmarks of truly sustainable business, academics have warned a national CSR conference.
Keynote speakers at the C-Lab: Corporate Social Responsibility in the Laboratory, hosted by ACCSR, called for a systemic shift in the private sector and a rethink of business purpose.
“The triple bottom line sense of sustainability… it’s a tall order, and I’m going to suggest it’s not tall enough,” Professor Gordon Rands of Western Illinois University said.
“We cannot claim “we’re a sustainable company”– when all that any company has done so far is become less unsustainable…and that’s good! But it’s not enough, we’ve got to put aside the notion that becoming less unsustainable is acceptable and move to notion that we have to become truly sustainable.
Next week we will publish our 2014 Annual Review of the State of CSR in Australia and New Zealand, the largest ongoing research study into CSR capabilities and practices this side of the world. This year marks a decade since ACCSR was born. We chose the theme ‘the 10th year’ for this year’s Review – a reflection on what has defined the development of CSR over the last decade and what it might look like in the future.
Corporate social responsibility (CSR) is a concept that seems to generate endless disputes without solution. One is either for or against CSR. Some critics defend owner wealth creation, or characterise CSR as “two-faced capitalism” or PR “sham;” and some advocates defend “doing well by doing good.” There is a lengthening list of proposed complements, substitutes, and integrative frameworks for CSR under various labels. These wars of words do aim at shaping the future of CSR practices. Continue reading