Sustainability CSR News

Duke Energy Awards More than $253,000 in Environmental Grants to Support Projects in Greater Cincinnati

Summary: 
  • Sixteen organizations in southwest Ohio and Northern Kentucky receive $253,178 in grants
  • Grants to support clean water, conservation, wetlands protection and more, as part of Duke Energy’s annual philanthropic investments in local initiatives
Press Release
  • Sixteen organizations in southwest Ohio and Northern Kentucky receive $253,178 in grants
  • Grants to support clean water, conservation, wetlands protection and more, as part of Duke Energy’s annual philanthropic investments in local initiatives

Published in Colombia: The Business of Solving Social Problems

by Dane Smith, Laura Amaya
Summary: 

A version of this blog post was published in Spanish, in the financial newspaper ‘Portafolio’, as part of the special issue on Empresas INspiradoras, which recognizes companies adopting a shared value approach. For a second year in a row, FSG worked closely with Colombian National Industry Association (ANDI) to develop a set of selection criteria that were appropriate for Colombia’s business and socio-political context. These included:  the scale of measurable social impact of a shared value strategy, its contribution to the company’s profitability and competitive advantage, and the degree to which the strategy supports the inclusion of historically underserved or marginalized groups.

Chocó is one of Colombia’s most impoverished regions, with 48% of people living in poverty. It also has the highest unemployment rate in the country, at 17%. In 2013, Telefónica Moister set up a call center in the city of Quibdó, Chocó’s capital. Beyond the potential for impact, Telefónica Movistar saw a strong business opportunity in this new venture. The investment paid off – the Quibdó call center employs 150 people, and has generated significant cost savings for the company as a result of having staff turnover rates 50% lower than other call centers across the country.  With the Quibdó call center, Telefónica Movistar is adopting a shared value approach. It is increasing its profitability by solving a social problem.

Blog

A version of this blog post was published in Spanish, in the financial newspaper ‘Portafolio’, as part of the special issue on Empresas INspiradoras, which recognizes companies adopting a shared value approach. For a second year in a row, FSG worked closely with Colombian National Industry Association (ANDI) to develop a set of selection criteria that were appropriate for Colombia’s business and socio-political context. These included:  the scale of measurable social impact of a shared value strategy, its contribution to the company’s profitability and competitive advantage, and the degree to which the strategy supports the inclusion of historically underserved or marginalized groups.

Chocó is one of Colombia’s most impoverished regions, with 48% of people living in poverty. It also has the highest unemployment rate in the country, at 17%. In 2013, Telefónica Moister set up a call center in the city of Quibdó, Chocó’s capital. Beyond the potential for impact, Telefónica Movistar saw a strong business opportunity in this new venture. The investment paid off – the Quibdó call center employs 150 people, and has generated significant cost savings for the company as a result of having staff turnover rates 50% lower than other call centers across the country.  With the Quibdó call center, Telefónica Movistar is adopting a shared value approach. It is increasing its profitability by solving a social problem.

Exploring a Real-World Model of Sustainable and Circular Business in Pittsburgh

By Peter Fadoul & Stephanie Potter
Article

Hyper-efficient buildings, circular clothing and fashion, sustainable manufacturing, eliminating food waste, innovation in energy—the Pittsburgh business community painted a perfect picture of what a system-wide approach to sustainability and a circular economy look like in action. On October 1, the U.S.

Dominion Energy and Smithfield Foods Invest Half Billion Dollars to Become Largest Renewable Natural Gas Supplier in U.S.

Summary: 
  • Companies doubling investment in Align Renewable Natural GasSM (RNG) joint venture to $500 million, extending largest RNG partnership in U.S.
  • Partnership heavily investing in North Carolina, which is on track to become nation’s leading producer of agricultural RNG, as well as other RNG projects nationwide
  • Companies capturing methane from hog farms and converting it into clean, renewable energy in a form that can be used to heat homes, power businesses, and fuel vehicles
  • Expanded partnership to produce enough RNG to power 70,000 homes and businesses, and reduce the same amount of greenhouse gas emissions as taking 500,000 cars off the road or planting 40 million new trees
Press Release
  • Companies doubling investment in Align Renewable Natural GasSM (RNG) joint venture to $500 million, extending largest RNG partnership in U.S.
  • Partnership heavily investing in North Carolina, which is on track to become nation’s leading producer of agricultural RNG, as well as other RNG projects nationwide
  • Companies capturing methane from hog farms and converting it into clean, renewable energy in a form that can be used to heat homes, power businesses, and fuel vehicles
  • Expanded partnership to produce enough RNG to power 70,000 homes and businesses, and reduce the same amount of greenhouse gas emissions as taking 500,000 cars off the road or planting 40 million new trees

Is Your Sustainability Reporting Still Mostly Fluff?

Article

Corporate sustainability has come a long way in the last couple of decades. Given the current climate and citizen mobilizations, any and all advances in this area deserve to be applauded.

But let’s talk about sustainability reporting for a moment. Because, quite frankly, we’re still seeing way too much fluff. And that’s worrisome. Stakeholders – whether citizens, consumers, investors, government regulators – you name it, now expect much more from corporate sustainability than simply a green beauty contest. It’s your job to deliver the goods.

Mastercard Launches Toolkit to Help Community Leaders Drive Sustainable, Inclusive Growth

Summary: 
  • Groundbreaking Inclusive Growth Toolkit reveals new insights about the nature and potential of Qualified Opportunity Zones (QOZs)
  • Toolkit provides more timely, local data-driven insights for community leaders to encourage sustainable, long-term investment 
Press Release
  • Groundbreaking Inclusive Growth Toolkit reveals new insights about the nature and potential of Qualified Opportunity Zones (QOZs)
  • Toolkit provides more timely, local data-driven insights for community leaders to encourage sustainable, long-term investment 

Reporting SDG Impact - Briefing

Article

It’s almost been 5 years since the Sustainable Development Goals were adopted but what advancement has been made and how can companies make real progress on tackling the goals by 2030?

Ethical Corporation have just produced a 12-page management report with expert response and analysis on efforts to help address the world’s biggest sustainability challenges

Click here to download the complimentary 12-page SDG reporting management briefing

Key learnings include:

Ceres Launches New Center to Accelerate Efforts to Transform Capital Markets and Drive Wholesale Action on Climate Crisis

Summary: 
  • Multi-million center aims to move financial regulators and asset owners to address climate change as a systemic financial risk and spur large-scale behavior and systems change
  • Announcement comes as nonprofit organization marks its 30th year of building bold sustainability leadership and galvanizing innovative solutions throughout the economy 
Press Release
  • Multi-million center aims to move financial regulators and asset owners to address climate change as a systemic financial risk and spur large-scale behavior and systems change
  • Announcement comes as nonprofit organization marks its 30th year of building bold sustainability leadership and galvanizing innovative solutions throughout the economy 

Benevity Announces $40M in Series C Funding From General Atlantic and JMI Equity

Investment Will Further Benevity’s Unmatched Reach and Innovation in Burgeoning Corporate Purpose Technology Sector
Press Release

CALGARY, Alberta, October 22, 2019 /3BL Media/– Benevity, Inc., the global leader in corporate social responsibility (CSR) and employee engagement software, today announced that the company has raised $40M in Series C Funding from General Atlantic and JMI Equity.

Investing in Food Security in Mississauga

Blog

Despite living in a place of abundance, visits to food banks are increasing for the residents in Mississauga, Ontario, where General Mills’ Canadian headquarters is located.

Using the learnings from our investment in a few of our other hometown communities of Minneapolis, Minnesota and Buffalo, New York, we’re using an innovative model that aims to enable local know-how and leadership, with the partnership of United Way, to advance and sustain lasting solutions to hunger and lack of food access in Mississauga.

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