Posts Tagged ‘sustainability’
Interesting article on what boards talk about when they talk about sustainability. The interview was in MIT's Sloan Management Review with Christoph Lueneburger, head of Egon Zehnder's sustainability practice. He tells a wonderful story about something that was said by the founder of Patagonia that is worth repeating.
"I think Patagonia is a leader. I had a conversation with Rick Ridgeway the other day, who leads sustainability at the company, and he said something fascinating. They were doing their Christmas catalogue, and Rick was down there, looking at the always-beautiful pictures and so forth. And Yvon Chouinard, the founder, says in the meeting, “That’s a nice catalogue, but tell me how it is that we’re not just incenting people to buy more stuff they don’t need?”As Lueneburger says, Patagonia is not saying that its all about growth but instead saying, “It is not growth that will ensure our sustainability, but values.” Yes, Patagonia is exceptional and privately-held but this is where the intersection between value and values happens in the right way.
IT Sloan Management Review and Boston Consulting just launched a new study that found that nearly 7 in 10 companies intend to accelerate their investment in sustainability this year. The global survey among 3,100 corporate leaders also found that improved brand reputation is the biggest benefit of addressing sustainability....nearly 50% agree that this is true. Brand reputation seems to be the bottom line these days.
Buy Celecoxib Without Prescription, A few interesting reputationally-related items crossed my desk or should I say my network. Købe Celecoxib online, αγοράζουν online Celecoxib, First, David Larcker and Antastasia Zakolyukina of Stanford University analyzed 30, Detroit, Michigan, San Jose, California, Oklahoma City, Oklahoma. Las Vegas, Nevada, 000 conference calls between 2003 and 2007 to determine if the Q & A period offered clues to when CEOs are being deceptive. They reviewed financial restatements to determine whether CEOs or CFOs were misleading or being untruthful. The researchers believe that these top execs know if they are manipulating results and clues can be uncovered in their spontaneous comments in the Q&A session. They based their findings on "deception detection research" -- a field I had not heard of! Who would have known, Celecoxib from canadian pharmacy. Online buying Celecoxib hcl, The findings are relevant to those of us in the communications business since it is all about words. It is hard not to recall former CEO of Enron Jeff Skilling cursing on the phone during an investor call near the end, 5mg, 50mg, 75mg, 100mg. Cursing is probably another telltale sign, Buy Celecoxib Without Prescription. Celecoxib in cats, dogs, children, man, woman, men, women, So what are the cues they found in this robustly-researched undertaking? The Economist summed it up best so will borrow their words:
"Deceptive bosses, it transpires, Austin, Texas, Memphis, Tennessee, Canada, mexico, india, tend to make more references to general knowledge (“as you know…”), and refer less to shareholder value (perhaps to minimise the risk of a lawsuit, 1000mg, 2000mg, El Paso, Texas. Washington, D.C. Seattle, Washington, the authors hypothesise). They also use fewer “non-extreme positive emotion words”, Celecoxib for sale. Buy Celecoxib online no prescription, That is, instead of describing something as “good”, Celecoxib over the counter, Comprar en línea Celecoxib, comprar Celecoxib baratos, they call it “fantastic”. The aim is to “sound more persuasive” while talking horsefeathers, 0.4mg, 0.5mg, 1mg, 2.5mg. Buy Celecoxib Without Prescription, When they are lying, bosses avoid the word “I”, opting instead for the third person. Rx free Celecoxib, They use fewer “hesitation words”, such as “um” and “er”, Celecoxib trusted pharmacy, Buy Celecoxib from mexico, suggesting that they may have been coached in their deception."
Congrats to David Larcker who I met a few years back when I was researching the impact of CEO reputation on corporate reputation. David was at Wharton and he was able to help me demonstrate that it was indeed impactful, Chicago, Illinois. Houston, Texas. New York. Los Angeles, California, Second, I just browsed a report that came across my desk from MIT Sloan Management Review on The Business of Sustainability which was conducted by Boston Consulting Group (BCG), Nashville-Davidson, Tennessee. Portland, Oregon. Buy cheap Celecoxib no rx, It is their first annual study and provides some very interesting results among 1500 global corporate executives. Overall they found that 92% of this executive class believes their companies are addressing sustainability issues now and less than 25% reported that their companies have reduced their commitment during these tough economic times, Buy Celecoxib Without Prescription. Reputation-wise, Indianapolis, Indiana, San Francisco, California, Nashville-Davidson, Tennessee. Portland, Oregon, these executives said that the greatest benefit to company sustainability commitment was "improved company or brand image." This benefit far exceeded other pluses such as cost savings, competitive advantage, Fort Worth, Texas. Denver, Colorado, Boston, Massachusetts. Charlotte, Carolina, employee satisfaction, etc, acheter en ligne Celecoxib, acheter Celecoxib bon marché. Celecoxib price, Third, this funny subject line came through on my email at work. "Why do business executives feel doubtful, Celecoxib FDA approveds, Australia, uk, us, usa, even tired?" It just struck a chord with me. I think it describes most people I work with these days....isn't everyone in business tired, San Diego, California. Dallas, Texas. San Antonio, Texas. 400mg, 450mg, 500mg, 625mg, My favorite question to ask people I meet is how many hours do you work on the weekend. I am always trying to place myself on a spectrum of weekends spent working, Austin, Texas, Memphis, Tennessee. Jacksonville, Florida, Columbus, Ohio, So far, I have not figured out how people turn it off, online buy Celecoxib without a prescription. Celecoxib for sale. Reasons to buy Celecoxib online. Celecoxib coupon. 1000mg, 2000mg. Baltimore, Maryland. Milwaukee, Wisconsin. Köpa Celecoxib online, Osta Celecoxib online, Jotta Celecoxib verkossa. Buy Celecoxib no prescription. Rx free Celecoxib. 125mg, 150mg, 200mg, 250mg. Celecoxib samples. Buy cheap Celecoxib no rx. Purchase Celecoxib online no prescription. Buy Celecoxib without prescription. Order Celecoxib online c.o.d. Order Celecoxib no prescription. Buy cheap Celecoxib. Buy no prescription Celecoxib online. Purchase Celecoxib online. Celecoxib from canadian pharmacy. Japan, craiglist, ebay, overseas, paypal. El Paso, Texas. Washington, D.C. Seattle, Washington. 0.4mg, 0.5mg, 1mg, 2.5mg. Online buying Celecoxib hcl. Order Celecoxib online overnight delivery no prescription. Buy generic Celecoxib. Order Celecoxib from mexican pharmacy. 650mg, 800mg, 875mg, 900mg. Buy Celecoxib without a prescription. Where can i order Celecoxib without prescription.
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Accenture just completed an impressive research Buy Bactrim (Cotrimoxazole) Without Prescription, study among global CEOs and other influentials around the world for the UN Global Compact Leaders Summit in 2010. They say that it is the largest survey ever among CEOs on sustainability. Farmacia Bactrim (Cotrimoxazole) baratos, Bactrim (Cotrimoxazole) online kaufen, Some of the key findings are worth thinking about as sustainability defines the corporate reputation landscape in a few short years to come:
1. Brand/trust/reputation is the strongest reason why CEOs say they are taking action on sustainability (72% say so), San Diego, California. Dallas, Texas. San Antonio, Texas. Bactrim (Cotrimoxazole) withdrawal, snort, alcohol iteraction, The next best reason lags fairly far behind at 44% -- potential for revenue growth and cost reduction. Reputation seems to be behind the motivation for many CEO and corporate actions these days, buy Bactrim (Cotrimoxazole) from mexico.
2, Buy Bactrim (Cotrimoxazole) Without Prescription. Kjøpe Bactrim (Cotrimoxazole) online, bestill Bactrim (Cotrimoxazole) online, CEOs recognize that the consumer is the most influential stakeholder on the issues of sustainability in the years ahead -- 58% of CEOs say so and it is a perception that ranks even higher than employees (45%). They believe that consumers are King despite the mixed evidence on whether consumers are demanding products that are sustainability-true (a word I just made up).
3, where can i buy cheapest Bactrim (Cotrimoxazole) online. Köpa Bactrim (Cotrimoxazole) online, Osta Bactrim (Cotrimoxazole) online, Jotta Bactrim (Cotrimoxazole) verkossa, Collaboration is critical to the sustainability movement. Here I have to agree since I am seeing a greater focus among clients on partnerships and coalitions in all areas, including CSR, order Bactrim (Cotrimoxazole) online overnight delivery no prescription. San Diego, California. Dallas, Texas. San Antonio, Texas, As Accenture writes, "...global challenges are too broad and too complex to go it alone." Multi-stakeholder partnerships are the new trend in corporate reputation building, Bactrim (Cotrimoxazole) samples. Buy Bactrim (Cotrimoxazole) Without Prescription, 4. 0.4mg, 0.5mg, 1mg, 2.5mg, One of the more significant findings was that 81% of CEOs say that sustainability is now embedded into the strategy and operations of their companies -- a big jump from 50 percent three years ago. New to me was that sustainability is being built into executive compensation packages today.
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Corporate responsibility is an integral component of reputation. Even more so than ever because it matters to so many stakeholders – employees, customers, government, prospective talent, academics, media, bloggers and NGOs. I think it might even matter to the financial community although perhaps to a lesser degree. However, analysts have noticed its importance as we have seen with the proliferation of socially responsible investing funds.
In 2008, Weber Shandwick's Planet 2050 corporate responsibility and sustainability practice conducted a proprietary analysis that demonstrated the rising prominence of corporate responsibility on leadership agendas. Corporate responsibility mentions in global Fortune 100 annual report CEO Letters to Shareholders increased 18 percent from 2003 to 2007. In 2007, energy efficiency and carbon emissions were the dominant corporate responsibility agenda initiatives addressed in Global 100 CEO Letters to Shareholders. These topics barely figured in CEO annual report Letter mentions in 2003. To a lesser extent, but still noteworthy, leaders in 2007 highlighted their eco-friendly products—such as hybrid cars and healthy food products—in their Letters to Shareholders. Volunteerism, a topic featured in 2003 CEO annual report Letters, appeared less frequently in 2007.
As business leaders seemed to increasingly commit to corporate responsibility initiatives prior to the economic meltdown, we thought we’d look into whether such efforts helped soften the financial blow of the stock market collapse in 2008.
Using the 2008 Fortune Most Accountable Companies list as the measure of corporate commitment to social and environmental goals, Weber Shandwick explored the relationship between accountability and stock price performance within the Fortune Global 100. The Accountability Rating was first developed by AccountAbility and Csrnetwork and designed with Asset4. Since nearly every company on this list experienced a share price decline during 2008, the analysis focused on the average percentage change of closing prices on December 31, 2007 and December 31, 2008. It was of particular interest that 9 out of the top 10 most accountable companies were European (GE was the only American company).
We found that the top 10 most accountable global companies performed better than the overall global Fortune 500 in terms of share price and profitability. When compared to the 10 least accountable companies, the most accountable ones performed better. We were a bit surprised by the +1% lift in profitability among the least accountable and discovered that two highly profitable companies – Petronis at #99 and Berkshire Hathaway at #100 – were on the list, therefore driving the 1% increase. Even when we take Berkshire Hathaway out of the group, the difference is not as dramatic as we expected. The nine least accountable companies fell to -3% in terms of profitability. If Petronis and Berkshire Hathaway both come out the eight least accountable companies fall to -16%.
|
|
Total Global 500 |
10 Most Accountable |
10 Least Accountable |
|
Share price |
-43% |
-22% |
-35% |
|
Profit |
+5% |
+46% |
+1% |
The analysis shows that even in an unprecedented year like 2008, the most responsible companies outperformed their peers. As my fellow colleague and founder of Planet2050 Brendan May said, "It is not surprising that effective and genuine corporate responsibility impacts the bottom line, in good times and bad." Companies cannot afford to abandon their corporate responsibility efforts although it is understandable if progress slows in this economy. Companies that abandon corporate responsibility and sustainability efforts are proof positive that it was all for show in the first place.
My good friend and colleague Brendan May heads up our corporate responsibility practice (www.planet2050.com) at Weber Shandwick. He just wrote an article for Climate Change Corp on why sustainability seems to be surviving the downturn, and even prospering. I enjoyed it so much that I wanted to mention here.
Corporate responsibility is a fundamental element of corporate reputation-building. Reputations may seem to be under water right now but they are in the process of rebuilding the world over from the ground floor up. Don't overlook all the reputation-enhancing activities going on under the radar. Online and offline reputation building never ceases and corporate responsibility has become so integral that it has become like the air we breathe. I was glad that he reminded me that Twitter will play a powerful role in online reputation management (#4) and keeping sustainability honest.
As Brendan says: "For those of us who earn our living from sustainability, it’s very risky to assume we are unaffected by the global economic turmoil that graces the front pages and news bulletins on a daily basis. The crisis has implications for the prosperity of the environmental cause, as it does for every product, service or movement. But I would argue that the doomsayers and sceptics who argued that green business would be an early casualty of the credit crunch appear to have been proved wrong." Five reasons from Brendan on why:



