The push to increase minimum wages in the U.S. has picked up steam since the financial crisis, spurred on by mounting public pressure to combat income inequality. President Barack Obama has become a vocal advocate for boosting the federal minimum wage from $7.25 to $10.10, while Democratic presidential candidates Hillary Clinton and Bernie Sanders support increases to $12 and $15, respectively.Continue Reading...
Heroes & zeros: Kering and Fiat + Starbucks
Posted January 27, 2016
Kering releases new environmental profit and loss report, while Fiat and Starbucks attract the EU’s wrath.
French luxury goods holding company Kering took another step towards fully measuring its ecological footprint by publishing a consolidated 2014 environmental profit and loss (EP&L) report in November. This pioneering accounting system is intended to place a dollars-and-cents value on the environmental impact of its operations.
The results found that the company had produced an environmental impact of around € 793 million in 2014, a 2.2 per cent year over year increase. Ninety-three per cent of this impact was generated through its supply chain, with the remaining 7 per cent resulting from internal operations. A full quarter of Kering’s impact came from the leather used in many of the company’s products, while another 17 per cent was linked to cotton.Continue Reading...
Editor’s Note: Getting the “Davos Man” onboard for the fight against climate change
Posted January 20, 2016
We're going to need all the help we can get.
Corporate Knights releases the Global 100 Most Sustainable Corporations in the World list in Davos for a reason. We want to make sure the world’s business elite are on hand to witness which of the largest companies around the globe are becoming more resource-efficient and socially responsible, and making meaningful improvements to their governance structures.
It’s both an acknowledgement that some firms have been taking bold and encouraging steps in the right direction, as well as an opportunity to point out that no company is doing enough.Continue Reading...