Inhance Sustainability

Occasionally, on CorporateRegister.com, I come across a report that doesn’t quite fit the standard categorization of CSR or sustainability report. This is why the report from Inhance Investment caught my eye. It is called Stakeholder Engagement Report, Dialogue to Deeds, 2010. Inhance is a Canadian mutual fund company with approximately $75 million of mutual fund assets under management, active in socially Responsible Investment (SRI). Founded in 2001, Inhance is based in Vancouver and is owned by Vancity, one of Canada’s largest credit unions.

The report, 13 pages short, opens with “Over 2009 we engaged 23 companies on emerging ESG risk. Key areas of engagement include: climate change, product safety, ecosystem integrity, community relations and diversity. In early 2009 we also negotiated withdrawals on six shareholder resolutions filed in 2008 for 2009 annual general meetings.”

In the area of climate change, Inhance contacted 8 companies who had declined to report to the Carbon Disclosure Project. “In particular we focused on the need for company boards to be aware of the evolving regulatory regime for climate change, and the opportunities in renewable energy, conservation and efficiency improvements.” Inhance names the companies, but fails to report on whether there was any response to their contact, which is a shame. On hydraulic fracturing, the process used to release reserves of natural gas using high pressure water pumps, Inhance contacted six companies about their practice in this area, and received responses from three.

Similarly, Inhance was active in the food area, contacting General Mills about misleading claims of reduced calorie breakfast cereals which were the result of playing around with portion size and not product modifications! Also, Inhance has taken up the use of BPA in packaging at General Mills and Pepsico. On diversity, Inhance engaged with five companies lacking in either gender or visible minority diversity at the board level.

There are two points to make here, one good, one could-be-better.

The good is that this sort of activity from Investment Houses and mutual funds is highly welcome. Inhance’s proactive stance and reachout to companies is exactly what more investment companies and investors and analysts should be doing, as most public conpanies will “voluntarily” change only when they are given a little encouragement on behalf of people who want to invest in them. This is a critical route to more sustainable practices and I am happy to see Inhance reporting on this. It’s the vigilante work of the CSR community.

The could-be-better is that, having decided to produce a nice shiny report, couldn’t Insight have gone the extra mile and reported on outcomes of engagement rather than just initiation? Wouldn’t it be nice to know that all their hard work in talking to companies had actually yielded some benefit ? (assuming it did).  

Anyway, their report is a 13 page document which takes 5 minutes to read, but it’s worth it. The principle of identifiying issues you feel strongly about and making sure companies know it is a golden rule of stepping up sustainability. Give feedback. Ask questions. Request change.

Posted via web from 3BL Media, CSR News, and Emily

Taiga Company – Creating Sustainability Incentives within the Supply Chain

We have all heard and probably experienced the old adage: if you put the right tools in the right hands, great things can happen.  In our sustainability consulting experience, we have personally observed this to be true with the advances in supply chain thinking over the years.  As we move into a new era, the tools and incentives continue to push forward.

Progressive supply chain approaches over the past few decades has move us beyond the traditional win/loose mentality; wherein, negative outcomes where passed along to suppliers.  More recently organizations have seen the value in aligning supply chain goals in a now common win/win framework.  As sustainability concepts begin to emerge within supply chain discussion, companies continue to push for win/win progress.

The growing focus on Supply Chain Management (SCM) as a strategic function within the organization has proven to be opportunity to reduce cost and add value to the bottom line.  The recent emergence of sustainable supply chain management provides the opportunity to leverage this progress from an added perspective.  Mainstream thinking is just beginning to incorporate expanding eco awareness to include the role of social and environmental responsibility in supply chain value creation.

Our sustainability consulting work finds companies seeking out the unique value opportunity in sustainable supply chain management by creating aligned sustainability goals with suppliers.  Rather than regressing to the old model and passing along the cost and risk to suppliers, we are following the progress of leaders who are creating business sustainability incentives for existing and new sources of supply.

Posted via web from 3BL Media, CSR News, and Emily

Employees: Advocates of Your CSR Program?

Most business leaders would agree that an organization’s strength is, in large part, based on its internal resources and the practices utilized to cultivate talent.  When it comes to building a sustainable business reputation, employees are just as critical, and who better to communicate the message than the internal business stakeholders who live the day-to-day operations.

Our professional consulting finds that highly effective organizations are doing more than simply attracting and retaining top eco-talent.  Through continuous communication and employee engagement, companies are equipping their internal stakeholders with the information to communicate their business sustainability actions.

In a recent article, The Role Your Current Employees Play in Attracting New Talent, PCS describes the critical role employees play in communicating corporate actions.  When attracting new talent, 80% of candidates view current employees as a credible source of information.

So what are your employees saying about your organization?  Are they equipped with information and engaged in your company’s business sustainability programs to passionately communicate the message you would like the world to hear?  Leading ‘green’ talent organizations are responding and creating sustainability advocates by:

•    Cascading business sustainability strategies down through organizational and individual performance goals.

•    Informing, motivating, and actively engaging employees in the company’s business sustainability programs.

•    Integrating Key Performance Indicators (KPIs) into the business processes, corporate performance, and employee recognition.

•    Actively engaged with key stakeholders on sustainability issues, including employees to understand how sustainability issues are affecting the business.

•    Performing transparent reporting on sustainability concepts and sensitive issues, with both positive and negative results.

Within our professional consulting experience, we have seen many companies over the years live and die by the quality and effectiveness of their staff.  Building and motivating the organization has always been a critical criterion to retaining top talent; however, it is becoming more and more important to communicating corporate sustainability actions. 

Posted via web from 3BL Media, CSR News, and Emily

Big Oil, God and Money

Who knew until just a few weeks ago that Big Oil had a contract with God? BP, the self-proclaimed poster child for corporate social responsibility, got their right to dig one mile below the surface of the sea direct from above.

Yup, that is just the way it is. Nothing any of us can do about it. Because if God gave them the right to drill baby drill, who are we mere mortals to question their authority? 

How else would the American government, the international maritime agencies, and oil industry regulators have allowed this one profit-driven company and any oil digger out there, the right to destroy our God-given eco-system? It must have been the Big Guy, or Gal, herself.

You don’t believe me? It says so right in the Good Book. Look it up.

Genesis, Chapter 1, Verse 1: “In the beginning God created the heavens and the earth.” Okay, so what happens after that?

Chapter 1, Verse 28: “God blessed them; and God said to them, “Be fruitful and multiply, and fill the earth, and subdue it; and rule over the fish of the sea and over the birds of the sky and over every living thing that moves on the earth.”

So human beings, i.e. governments, private profit-driven oil companies, industry regulators, have determined they were given the right to “subdue and rule” over the earth and sea from the highest authority. That must be why Big Oil believes that off-shore drilling is its Divine Right. How else would these shareholder companies have the opportunity to drive their drills down five thousand feet underwater to annihilate our fish of the sea, birds of the sky, and every living thing that moves?

Do you get it now? We can’t blame BP. They get their mandate to destroy the eco-system from a higher authority. They do it all in the name of the Almighty.  In the case of global oil companies, that higher authority is the Almighty Buck.

That means for BP and Big Oil, Buck is God himself. Or for all practical purposes in the United States of America, God is the Almighty Buck. Yup it has to be. Otherwise why would we worship it over Creation?

We would never let anything less than a Supreme Being take from us our rightful heritage. No human being would have the ability to trade our eco-system for profit. It just couldn’t be done—because we understand that nature itself is sacred.

We live in a shared world. No single person, group of people, corporation or nation has the moral, ethical, or legal right to rape, pillage and plunder what belongs to the living and yet unborn. Not unless it was given away by the Creator itself. So that must be the Almighty Buck.

Now I feel better. The Oil Spill in the Gulf at the hands of the inept and dangerous BP must be an act of God – like an earthquake or something. The Lord Giveth and the Lord Taketh away. For Big Oil, Buck giveth and taketh away.

So I ask you as you grumble, moan and wring your hands in despair at the great tragedy in the Gulf, WHO GAVE BRITISH PETROLEUM OIL COMPANY THE RIGHT TO DESTROY THE SEA?

Almighty Buck.  Buck is in charge. Buck is the one who decides who lives and who dies, who thrives and who perishes. You did not create the universe. You cannot determine how to use our earth. That is Almighty Buck’s  job and only He decides who has dominion over earth and sea.

Right now that is BP.

You thought a mere oil company would not be free to poison the seas that belongs to you, me, our children and theirs.

You thought that nature was so grand and awe-inspiring in design that no person or institution should be allowed to tamper with its majesty.

You believed that human beings were given the privilege of protecting and preserving our natural world.

You thought wrong.

Our sacred covenant with the earth is not to protect and preserve it after all. BP and our oil drilling laws have shown us that the covenant with Almighty Buck gives human beings the right to strip the earth of its abundance and leave behind environmental devastation for posterity.

The earth and seas are under the rule and dominion of private profit-driven international corporations. The global community decided long ago that this is how it should be. Common economic ideology dictates that our natural resources should serve only short-term human needs. Our governments, even the most enlightened among them, are convinced that profit is more important than people, that shareholder value is greater than nature’s value.

In the name of freedom, free markets and that Holy Grail called “Enterprise” we have forsaken our own eco-systems—those that sustain us. In the process, we have forsaken humankind.

Somehow we cannot see a way to value life and money at the same time. We cannot find a way to profit without endangering the delicate balance of the earth.  We cannot imagine a comfortable existence without sacrificing our natural surroundings for it.

We continue the call for off-shore drilling. Almighty Buck wants it that way. We will not “kick our addiction to oil,” or so he says. We are not willing to sacrifice convenience for longevity. So we are told.

As we watch the billions of gallons of toxic oil plumes deadening our sea life, the majority of us would gladly inconvenience ourselves for an end to this destruction. We are willing to forgo shareholder dividends for peace of mind and a greater future on this earth.

It takes our business, political, religious, and global leaders to say “enough.” By ourselves, we do not have the power to stop “off-shore drilling.” We do not possess the engineering skills to create a green car, cheap solar power, or replace our national oil dependency with eco-saving alternatives. Yet we can imagine it; speak of it loudly and boldly for all to hear.

To effect real change, we must join forces in large numbers and say no more to the savage raping of our earth and sea.  No more to off-shore drilling. No more to threatening our eco-systems. No more to profit over people and life itself.

There is another way.

We can hold a vision, a dream perhaps, of a balanced life where the earth and sea serve us as we preserve them. Our vision includes a symbiotic relationship with nature – where She provides for us and we protect Her.

In the meantime, we watch in agony the destruction of the Gulf coast, the livelihoods of those that live by nature and the unbelievable toll of perishing sea life.  We recognize our vision remains a “pipe dream.” (No pun intended.)

Yet it does not have to be. Nature should not be trumped by private interests. People need not take second place to profits.

If you are looking for someone’s “ass to kick,” you might try finding Almighty Buck.

©2010 – All Rights Reserved

Monika Mitchell - Executive Director  

www.good-b.com/blog

Posted via web from 3BL Media, CSR News, and Emily

The Cousteau Legacy Lives On: PlantAFish

In commemoration of oceanographic explorer, Jacques Cousteau’s100th birthday today, his eldest grandson, Fabien Cousteau, continues the legacy with the recent launch of his non-profit organization, PlantAFish

Closing the gap between eco awareness and eco action, PlantAFish aims to educate people through hands-on experience with underwater ecology and restoration. The idea is that when individuals feel connected to nature and its beauty, they’re more likely to do what they can to preserve it and encourage others to do the same.
 
PlantAFish officially opens its doors this past Monday in New York with its first project working with students from the Urban Assembly New York Harbor School to plant oysters in the Hudson.  
 
In grand Cousteau fashion, PlantAFish has committed to ambition goals -planting one billion oysters over the next few years at several sites in the Hudson and the East River.  Other projects envisaged by Mr. Cousteau’s group include planting one billion sea turtles in the mangroves of El Salvador and one million corals in the Maldives and in the Florida Keys. Each program ranges in cost from $15,000 to $65,000.
 
“We need to see our natural world as a bank account where we have to live on the interest rather than eating away at the capital,” Mr. Cousteau said. “Plant a Fish is one of the ways that we can start restoring that capital.”
 
“It’s a perfect time to celebrate our ocean planet. The stewardship of our water planet and the health of our future generations can be summarized in the five words I heard as a child: People protect what they love.-Jacques-Yves Cousteau  It is time we stop living on this planet and start living with this planet.
 
Home to one third of the earth’s trees, the Taiga is the largest land-based biosphere and encircles the globe. Its immense oxygen production literally changes the atmosphere and refreshes the planet. It is this continuous renewal that has shaped Taiga Company’s vision to drive similar change in the business world. Taiga Company seeks to be the “oxygen for your business”.
 
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Posted via web from 3BL Media, CSR News, and Emily

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