In the last 150 years, three major trends have changed the way humanity consumes. First, industrialization shifted production from self-sufficiency to consumerism. Second, ongoing economic development allowed local economies to expand across entire countries, which was followed by globalization and worldwide markets. Globalization started with colonial powers trading goods between continents and h...
Incentive-based pay isn't new; it's been around for centuries. Ship captains transporting prisoners from England to Australia were once rewarded, not on passenger counts, but on how many survived the journey. Nowadays with major companies, it's usually linked to financial performance. But unless companies begin to connect compensation to sustainable environmental and social performance, they will continue to sacrifice long-term value creation and competitiveness for short-term, unsustainable gains. So argued Andrea Moffat recently. She was also involved in the creation of The CERES Roadmap Fo...
If you read these lines, it is more than likely you are still alive. And if you read these lines, the date will be January 2012 or later. What do these facts mean? Well, no apocalypse has happened so far, as a matter of plain inductive logic. Actually, talking about mankind, nothing unusual really happened after December 31st, 2011. As states Benjamin Anastas in a NY Times article from 2007 (The Final Days): It is a splendid, human-size dream, that an ancient people revered for unearthly wisdom could climb aboard a calendar ship and redeem us from our troubled world and the confines of our...
When I read about "transparency" in the context of sustainability or sustainability management the term mostly is referring to reporting to and communication with the relevant stakeholders of businesses. That's the case in a study on "Corporate Responsibility and Transparency" (in German: Unternehmerische Verantwortung im Zeitalter der Transparenz) published by pwc in March 2011. The pwc study assesses sustainability reporting of Austrian, Swiss and German companies and shows that 87% of German DAX noted businesses already do sustainability reporting. The energy sector is strongly represented...
From a corporate perspective, the relevance of Social Media within a Sustainability Strategy has been rising step by step over the last years. Undeniably, the world wide web has emerged to version 2.0. In former times, it used to be an instrument that is mainly used for providing information to the public or specific audiences – Whereas today, it rather consists of a relevant path to start and maintain a dialogue with internal and external stakeholders. Hence, modern companies are constantly changing their one-way communication to a more dialogue-based approach. Focusing this challenge in ...