Avoiding the Cowardice of Groupthink
When your business involves Corporate Social Responsibility (CSR) ratings, it is easy to get depressed and discouraged. So many companies have such low scores. You start to wonder if corporations—and the people who run them—are fundamentally evil.
One day recently, when I was feeling this way, I stopped in to shop at my local supermarket. An old woman with two cats of cat food was standing ahead of me in line. When it was her turn to go through the scanner, I saw her lean towards the clerk and have a quiet discussion. The clerk nodded, took some money from her pocket, and put it into her register. The old lady then walked out the door with her cat food.
“What was that all about?” I asked, with my normal curiosity.
Bahar Gidwani is a Cofounder and CEO of CSRHUB. Formerly, he was the CEO of New York-based Index Stock Imagery, Inc, from 1991 through its sale in 2006. He has built and run large technology-based businesses and has experience building a multi-million visitor Web site. Bahar holds a CFA, was a partner at Kidder, Peabody & Co., and worked at McKinsey & Co. Bahar has consulted to both large companies such as Citibank, GE, and Acxiom and a number of smaller software and Web-based companies. He has an MBA (Baker Scholar) from Harvard Business School and a BS in Astronomy and Physics (magna cum laude) from Amherst College. Bahar races sailboats, plays competitive bridge, and is based in New York City.
CSRHUB is a corporate social responsibility (CSR) ratings tool that allows managers, researchers, consultants, academics and individual activists to track the CSR and sustainability performance of major companies. We aggregate data from more than 90 sources to provide our users with a comprehensive source of CSR information on 5000+ publicly traded companies in 66 countries. CSRHUB is a B Corporation. Browse our ratings at www.csrhub.com