As the world grows ever more connected, access to financial tools has expanded dramatically. Today, 79% of adults worldwide have a bank account, an increase from 51% in 2011. This is a remarkable gain.
Today the Task Force on Climate-related Financial Disclosures (TCFD) and the Climate Disclosure Standards Board (CDSB) announced the launch of the TCFD Knowledge Hub – a platform with relevant insights, tools and resources to help organizations implement the TCFD recommendations – at the TCFD U.S. Scenario Analysis Conference in New York.
When Common Impact’s clients ask me what events they should attend to understand the next generation of CSR, employee engagement and for-purpose business, I always point them to the Shared Value Initiative (SVI). SVI held its annual summit this past week in the (finally sunny!) downtown NYC, where hundreds of business, investment and social sector professionals met to hear and discuss the latest in driving a social, environmental and financial bottom line at once.
Alcon, the global leader in eye care and a division of Novartis, today announced Alcon Cares Project 100, which aims to reduce cataract blindness by providing equipment to perform phacoemulsification (or “phaco”), a key step in the cataract surgery procedure. Alcon Cares, a foundation that oversees equipment and product donations to those in need, will give 100 reprocessed Infiniti units to eligible clinics in Asia, Central and South America, and Africa over the next three years, making it one of the largest eye care equipment donations of its kind.
AccountAbility is today releasing its next-generation sustainability management framework and guidance – the 2018 AccountAbility Principles. The AA1000AP (2018) is a timely, informed update to the firm’s internationally accepted, principles-based approach to sustainability management for the 21st century.
In July 2017, some of the workers at Bestitch Knits in Tiruppur, India, the Fair Trade Certified™ factory where Latha Maheshwari works, learned that her 18-year-old son, Gautam, needed help paying for his third semester fee for higher education to be able to stay in school. When workers brought this up at their Fair Trade Committee meeting, the group decided they wanted to help.
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