4 ms·
> do you really believe there's a single incorporated entity on the planet that makes decision based on social responsibility? Yes. These businesses exist. ht
by mygo 7y ago
> do you really believe there's a single incorporated entity on the planet that makes decision based on social responsibility?
Yes. These businesses exist.
https://en.m.wikipedia.org/wiki/Corporate_social_responsibility https://en.m.wikipedia.org/wiki/Corporate_social_responsibil...
I learned about a few of them during the Sustainable Business Strategy course I took by Dr. Rebecca Henderson, who teaches Reimagining Capitalism in the MBA Program at Harvard Business School and is on the board of Ceres, a membership organization whose member companies are known to include such social responsibility and governance practices (collectively called ESG) in their businesses.
https://en.m.wikipedia.org/wiki/Environmental,_social_and_corporate_governance https://en.m.wikipedia.org/wiki/Environmental,_social_and_co...
There is also the triple bottom line accounting framework. There is at least one incorporated entity on the planet that makes decisions based on this accounting framework:
https://en.m.wikipedia.org/wiki/Triple_bottom_line https://en.m.wikipedia.org/wiki/Triple_bottom_line
Right now a lot of companies who are seeing a slump but will be able to stay in operation after making some changes will be making decisions between laying off staff and cutting costs some other way (such as the executives taking pay cuts). This may be one way to help identify who they are. Watch for news of companies whose executives are foregoing their salaries and bonuses and dividends during this crisis in order to avoid laying people off that they could just lay off due to the slump.