Chinese companies are starting to realize that corporate social responsibility is an important part of their transformation into a reputed brand.
Peter Buffett, son of legendary investor Warren Buffett and co-Chairman of the NoVo Foundation, explains what is wrong with philanthropy. Peter Buffett, the youngest son of legendary investor Warren Buffett, has rather strong views on philanthropy. In July 2013, Buffett, who is a musician, author and philanthropist all rolled into one, stirred a hornet’s […]
Awareness about socially responsible products is increasing, but are consumers willing to pay a premium for them? Fair trade coffee or regular coffee? Do you agonize over that decision? If your answer is yes, you are part of a subset of consumers who prefer to buy socially responsible products. A few consumers, particularly in developed countries, […]
Brian Gallagher, CEO of United Way Worldwide, on more meaningful philanthropy, and measuring the impact of and enforcing accountabilty in philanthropy projects. As a charitable organization, United Way Worldwide (UWW) enjoys two unique advantages: the benefit of scale, and the ability to organize and manage community impact projects locally. UWW, a 125-year-old institution now, is […]
While international corporate social responsibility (CSR) platforms have provided companies a list of standards in economic, legal, ethical and philanthropic areas, implementing them in real-life situations can still be a challenge, especially for global companies operating across cultures. Issues between corporations like Apple or Wal-Mart and their Chinese suppliers over working conditions and wages are […]
The Financial Crisis of 2007-08 exposed one of the biggest failings of modern business: the lack of a moral and ethical compass. Financial institutions obsessed over short-term goals, such as getting the stock price up and delivering quarterly profits, no matter what the cost. Few of them really worried about the impact their irresponsibility would […]
Chinese companies going global have key projects in developing nations, yet they often pay scant attention to corporate social responsibility (CSR) guidelines. For future success, CSR is indispensable. China has attracted a large amount of inward foreign direct investment (FDI) for the past decade or so, and in the recent past it has started to […]
Corporate Social Responsibility (CSR) is a concept that an increasing number of foreign companies are focusing their attention on and taking steps to integrate it into their business practices in China, as it is believed that this is what their global consumers really care about. This is recognized as a solid opportunity to work with […]