CSR in India: Mandatory and So Much More
February 22 | Jeff Hoffman, Program Director, Global CSR & Philanthropy Council and Corporate Social Responsibility Council, The Conference Board | Comments (0)
India is the first country in the world to make corporate social responsibility (CSR) mandatory, following an amendment to the Companies Act, which requires companies with a net worth above Rs 5 billion, revenues above Rs 10 billion, or net profits of Rs 50 million or more to spend 2 percent of net profits on CSR initiatives. The country has countless priorities that companies can look to for guidance on impactful CSR initiatives.
Partnering for Disaster Preparedness in Chile
February 12 | Lars Battle, Senior Editorial Coordinator, PYXERA Global | Comments (0)
The term “natural disaster” is a misnomer. Natural ecosystems often require disturbances such as fires and floods to remain healthy. They have an inherent resilience to the occasional battering. Crises created by destructive natural events might be more aptly referred to as “social disasters,” because of the toll of life and economic damage left in their wake. Framing such events as social disasters places them in a different light, shifting the burden on all sectors of society to proactively ma
The Conference Board Launches Expanded Benchmarking Project on Corporate Citizenship
February 07 | Alexander Parkinson, Senior Researcher, The Conference Board | Comments (0)
The Conference Board has launched an expanded initiative to track and benchmark societal investments, and their resulting impact, extending the organization’s 75 years of leadership in corporate citizenship research.
Employees Provide Insights for Companies Seeking to Establish Board Programs
January 16 | Alice Korngold, Author, A Better World, Inc.: How Companies Profit by Solving Global Problems...While Governments Cannot | Comments (0)
Seventy-four percent of employees who do not serve on nonprofit boards are interested in doing so. This is a great opportunity for talent development of millennials and employees from diverse backgrounds, two groups underrepresented on boards. Companies can make board work happen for their employees by helping them find suitable matches in the nonprofit sector, by training them in the legal and oversight responsibilities they will need, and by supporting and recognizing them for their work.
Five Corporate Social Responsibility Trends to Watch in 2019
January 10 | Timothy J. McClimon, President, American Express Foundation | Comments (0)
Despite research suggesting most consumers feel that businesses should take an active role in driving social and environmental changes, in 2019 companies are likely to tone down their public advocacy. As companies plan for 2019 with a divided government in Washington, it could be important to navigate new policies and regulations with dialogue on the issues.
Will AI Regulation Stifle Potential for Social Good?
January 03 | Alexander Parkinson, Senior Researcher, The Conference Board | Comments (0)
Artificial intelligence (AI) could help to address significant societal challenges, including those identified in the United Nations Sustainable Development Goals (SDGs). For organizations that seek to use such technology for social good, an understanding of the existing use cases and potential for social impact should be considered within the context of a heightened regulatory framework that might stifle successes.
Would A Sector By Any Other Name Smell As Sweet?
December 19 | Timothy J. McClimon, President, American Express Foundation | Comments (0)
The charitable/social/independent sector is a formidable economic force that's reported to generate 10 percent of the country's gross national product, but the lack of any standard name for it could be diminishing its influence on public policy. Leaders will need to step up to agree on terminology that gives the sector collective clout.
Living Your Purpose: Driving and Measuring Business Adoption
December 12 | Patricia Bayerlein, Consultant, Gagen MacDonald | Comments (0)
Leading businesses are turning to purpose to articulate their mission, power growth, unite and motivate the organization, and become future-ready in a world of non-stop change. Companies can and should use purpose intentionally to figure out how to run their businesses.
President George H.W. Bush was a Catalyst for Building Corporate Volunteer Programs
December 05 | Jeff Hoffman, Program Director, Global CSR & Philanthropy Council and Corporate Social Responsibility Council, The Conference Board | Comments (0)
Corporate volunteering is now a global practice that was boosted by President George H.W. Bush's founding of Points of Light and the National Council on Workplace Volunteering. As the country remembers the 41st President, reflecting on his work to encourage employees to use their expertise in service to their communities can help motivate companies and their employees to continue his legacy.
Corporate Giving Increases 15 Percent Over Three Years
November 29 | CECP in association with The Conference Board | Comments (0)
Total corporate giving has increased more than 15 percent over three years to a record $23.8 billion, as companies have become more generous. The growing economy and favorable tax cuts have left some companies with healthy cash reserves and many have promised to direct a portion to their communities.