MM Memo 04.07.18

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Each week, we compile and summarize the top articles on corporate social impact, impact investing, and conscious capitalism from around the world, and deliver it to your inbox every Saturday morning for you to enjoy and digest.  

Feel free to shoot us an email with any feedback, insight, tips or suggestions. If you like what you are reading, we would love it if you would share it with your friends.


HOW YOUR COMPANY CAN HELP COUNTRIES LIKE HAITI


We all want to help people, but misinformation and a lack of confidence in corporatized aid efforts sometimes deter us from doing so. The list of NGOs, fundraisers and activist groups out there could fill volumes, but when jumping into aid work from a corporate standpoint, it can be hard to know where to start.

Located south of Cuba, easily accessible from the United States, the island nation of Haiti desperately needs support. People want to help, but most of us don’t know how best to get involved. Click the link below for some practical ways your company can make a difference in Haiti and other places like it.


 
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THE APPAREL SECTOR REALIZES RESPONSIBILITY PAYS OFF

As consumers become more discerning about the companies from which they purchase clothing, more brands are stepping up and showing that they are willing to take a stand on social and environmental challenges. And there is no shortage of ways in which apparel companies can make a difference.

Last year, Patagonia became outspoken in its defense of U.S. public lands and national parks. Nike recently burnished its sustainability street cred with an announcement that it strives to run 100 percent on renewables by the next decade. And REI is doing its part to prevent garments from ending up in municipal waste streams by expanding its popular quarterly “garage sales” online so consumers can score these heavily discounted items anytime, without having to queue at one of the co-op’s brick-and-mortar locations. Meanwhile, more brands realize they have to do more than make their customers look good; they have to prove that their operations are also doing more good than harm. Transparency is key here.


MOST C-SUITE EXECUTIVES 'NOT WORKING TOGETHER'

In its study, The Rise of the Social Enterprise, Deloitte says that 73 per cent of respondents said C-suite is not working together. This is despite what Deloitte says is the need for increased collaboration on human capital challenges. The research is part of Deloitte’s annual Global Human Capital Trends report, in which the consultancy examines the increasing expectations of the individual and the “breathless pace” at which technology is shaping organisations’ human capital priorities.

Erica Volini, principal, Deloitte Consulting, US human capital leader, says: “As society grapples with daunting demographic, technological and social challenges, people want business leaders to fill the gap, but our research shows they have a long way to go. This year’s report is a wake-up call for organizations to look beyond their own four walls and reimagine their broader roles in society. Integrating the C-suite to build a more social enterprise will be a differentiator for businesses to attract the right talent, drive customer loyalty and sustain long-term growth.”


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