A recent study by the Manila-based Asian Development Bank said the most frequent storms lop one percent off the Philippines' economic output, with the stronger ones cutting GDP by nearly three per cent.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Typhoon misery for Philippines on Christmas Day; 6 missing
But there is another role emerging for corporations as neither heroes nor villains of society, but as allies in coalitions driving toward social change. The most urgent, complex problems facing our world require systems change to make real progress. From homelessness in San Francisco to climate injustice, these challenges demand unprecedented collaboration across sectors to find creative solutions. The UN Sustainable Development Goals provide one powerful framework to rally around, but there are other emerging partnership models that leverage the capital investment, innovation muscle, and ability for scale that corporate partners often uniquely bring to the table. Take the NextGen Consortium, for example. Managed by Closed Loop Partners and powered by OpenIdeo, some of the most powerful food and beverage companies (including Starbucks, McDonald’s, Wendy’s, the Coca-Cola Company, Yum! Brands, Nestlé, and WWF) are collaborating to create a new cup that will curb the 250 … [Read more...] about Does capitalism need a radical redesign to become more inclusive?
As companies increasingly talk about their values and place in society, many managers have started to talk about leading with “purpose.” Ideo designer and doctoral student Nina Montgomery invited several senior executives to share their own experiences navigating the intersection of business and social responsibility; she compiled their essays in a book, Perspectives on Purpose:Leading Voices on Building Brands and Businesses for the Twenty-First Century, which will be released in February. In this excerpt, Rob Michalak, the global director of social impact for Ben & Jerry’s, explains the company’s commitment to “linked prosperity,” the notion that as the business prospers, its community of stakeholders such as suppliers and employees will benefit, too. … [Read more...] about This key metric is how Ben & Jerry’s measures success