The stage was set in 1970 by Professor Milton Friedman, who wrote in a New York Times Magazine essay: The social responsibility of business is to increase its profits. He famously said in conclusion: “here is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."
Nearly all climate scientists and every government on earth (except for one) agree that society faces profound risks from human-induced climate change. Does your mutual fund company, investment manager, or 401(k) manager agree that the risks are serious and extend to companies in their portfolios?
For an overview of risks to businesses from climate change and what they should disclose, see reports and recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosure (TCFD), Chaired by Michael Bloomberg, former Mayor of New York City. Examples of these risks already translating into impacts include the record-breaking string of Atlantic hurricanes and wildfires in North America.
For an overview of risks to businesses from climate change and what they should disclose, see reports and recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosure (TCFD), Chaired by Michael Bloomberg, former Mayor of New York City. Examples of these risks already translating into impacts include the record-breaking string of Atlantic hurricanes and wildfires in North America.
In late 2016, the SROI Canada network and the Social Impact Analysts Association merged to become Social Value Canada (SVC). SVC is positioning itself to be the national hub for Canadians to connect, learn and exchange ideas about social impact, social value creation and measurement methodologies. SVC is part of an international network of over 45 countries advancing social value measurement as a member of Social Value International.
In just a few days, the Dave Thomas Foundation for Adoption will launch its 2018 Best Adoption-Friendly Workplace survey. This survey measures the financial reimbursement given to employees who adopt, paid time off to employees who adopt as well as any benefits given to employees who are foster parents.