In August, nearly 200 Business Roundtable CEOs dominated the news cycle declaring the purpose of a corporation is to deliver value to all stakeholders, not just shareholders. They may have also catalyzed the risk inherent to corporate purpose in this new social landscape with a web-empowered public auditing ALL of a company’s actions, not just its self-selected, carefully curated positive examples.
“Purpose washing” has become a thing. And the backlash of getting outed when actions do not meet high-minded purpose statements disrupts business and erodes value.
Caterpillar’s Code of Conduct – Our Values in Action – defines what Caterpillar stands for and what we believe in, documenting uncompromisingly high ethical standards for our company. The Code of Conduct helps Caterpillar employees every day by providing detailed guidance on the behaviors that support Our Values in Action – Integrity, Excellence, Teamwork, Commitment and Sustainability.
Earlier today, Bloomberg was named one of the Best Places to Work for LGBT Equality, receiving a perfect score on the 2017 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality, administered by the Human Rights Campaign Foundation.
A task force led by Michael Bloomberg and backed by Mark Carney has urged companies to disclose to investors the impact of climate change on their businesses.
The governor of the Bank of England and the billionaire media owner are behind a new set of recommendations designed to give investors, lenders and insurers a better idea about how climate change will affect individual businesses.