Heroes & zeros: McDonald’s and Murray Energy
Posted April 26, 2018
McDonalds moves to reduce its packaging waste, while Murray Energy lobbies for coal-friendly policies.
When it comes to damaging our planet, the fast-food industry has much to answer for. The attractions of cheap burgers and drive-thru coffee are all too often sullied by allegations of poor working conditions, animal cruelty and the cost to the environment of mountains of paper, foam and polystyrene waste.
So McDonald’s deserves a round of applause for its recent pledge to use renewable, recyclable or certified materials for all packaging by 2025, and to put recycling bins in all 37,000 Golden Arch restaurants around the world.Continue Reading...
Heroes & zeros: Loblaw and Rio Tinto
Posted January 29, 2018
Loblaws moves towards 100 per cent electric trucks, while former Rio Tinto executives are charged with fraud.
When the talk turns to electric vehicles, it's typically about pioneering sedans like the Tesla S, Chevy Bolt and Nissan Leaf. Away from the spotlight however, much of the action is in commercial trucks.
A growing number of fleet operators are going electric, citing more power, lower maintenance costs and fewer emissions-compliance headaches versus their existing diesel vehicles. Among the latest is Loblaw Companies, Canada's biggest grocery chain, which unveiled plans in early November to switch to an all-electric fleet.Continue Reading...
Heroes & zeros: Kenneth Frazier and Eskom
Posted October 3, 2017
Merck CEO Kenneth Frazier stands against hate, while South African utility Eskom is mired in scandal.
Kenneth Frazier may have ushered in a new era of boldness in U.S. business leaders’ approach to divisive social and political issues. On August 14, Frazier, a janitor’s son who now heads Merck, the New Jersey-based pharmaceuticals giant, became the first CEO to walk away from President Donald Trump’s business advisory council in protest against the president’s inflammatory reaction to a rally of swastika-waving white supremacists in Charlottesville, Virginia, the previous weekend.Continue Reading...
Top company profile: Vancity
Posted June 7, 2016
Making finance a force for good in society
Tamara Vrooman has a drop-dead response to a question about gender diversity at Vancity, Canada’s biggest credit union. Noting that women make up more than half of Vancity’s top management and seven of its nine board members, Vrooman, its chief executive, chuckles: “We are the only board in Canada looking for a few good men.”
That rare attribute helps explain why Corporate Knights has named Vancity Canada 2016’s Best Corporate Citizen. The credit union was also awarded the top spot in 2013.Continue Reading...
Posted March 29, 2016
Putting multinational tax avoidance on the agenda
An obscure group of tax experts from such countries as Azerbaijan, New Zealand, Norway and Zambia, among others, seems an unlikely focal point for a high-stakes tug-of-war in the world of global finance.
Yet the 25-member United Nations committee on international cooperation in tax matters finds itself at ground zero in an escalating battle over how and where multinational corporations pay – or, more to the point, do not pay – their fair share of taxes.
The Group of 77 developing countries, led by India and China, wants to turn the committee into a more muscular inter-governmental agency that would have a voice in setting tax rules for many of the world’s biggest companies. Activists disrupted a meeting in Addis Ababa last summer by unfurling a banner that read: “If you’re not at the table, you’re on the menu.”Continue Reading...