I arrived in Australia to discuss and research corporate social responsibility (CSR) with colleagues at RMIT University and the University of Melbourne to see the papers covered in … a banking scandal. The Westpac Bank product ‘Litepay’, designed to enable customers to transfer small amounts of money overseas, is alleged to have enabled money-laundering on […]
Business of Society
Regulating 300,000 Years – Nuclear Waste, Sustainability and the Need to Talk to the Distant Future
Whenever we think about regulating sustainability problems, we usually think about the here and now or at least about the not too distant future. Even with regard to climate change, which clearly is a problem for future generations, regulators have a time horizon of not more than 30 or 40 years.
How Sustainable is Ecotourism?
Tourism is a key driver of development, particularly in areas with rich environmental or cultural resources. The United Nations declared 2017 as the year of Sustainable Tourism for Development, but how sustainable is ecotourism? Setting off on a once-in-a-lifetime adventure on safari in East Africa for our summer holidays, my husband and I wanted to be […]
Business + Purpose = Big Trouble. But Wait, Here is One Surprising Point of Agreement
Reactions to the recent statement by the Business Roundtable that recognizes a regard for stakeholders rather than a narrow focus on shareholders as a pillar of corporate purpose have been swift, strong and predictably diverse.
Social Enterprises = Sharing Economy Organizations?
Sharing Economy Organizations Uber, Airbnb, and Lyft are frequently cited and popular examples of new organizational forms operating in the sharing economy, which is growing at a stunning pace. One way to make sense of the sharing economy is to conceive it as a web of markets in which individuals use diverse forms of compensation to transact the redistribution […]
Crowdfunding as a cooperative movement – The present and future of crowdfunding in Denmark
How does crowdfunding look like in Denmark and where is it heading? Drawing on empirical data from two well-known reward-based crowdfunding platforms (Kickstarter and IndieGoGo), I try to give a quick overview of the two most famous examples of crowdfunding in Denmark. After which I will give my predictions for where the Danish crowdfunding sector […]
More CEOs Sacked For Ethical Failure Than For Poor Financial Performance
According to a recent study, for the first time more CEOs have been dismissed for ethical lapses than for poor financial performance (in 2018). What is the lesson? I think that we overvalue compliance and undervalue the effects of a corporate culture on sustainable business decisions… Just a few days ago, Strategy& (the consulting arm […]
Who Cares About Sustainable Fashion?
Can ever-higher rates of consumption ever truly be sustainable? Consideration of up-and-coming consumers will be key to making progress in the sustainability of the fashion industry. Each year in May, Copenhagen hosts the Copenhagen Fashion Summit, which brings together fashion industry leaders to consider the environmental and social sustainability issues rife within the industry. While this year’s […]
Conquer the Lock-In: How Food Companies can act on their Political Responsibility towards Children
The overconsumption of sugar, especially among children, and its long-term health risks re-gained public awareness with the introduction of the British soda tax in 2018. What can we learn for 2019? Food and beverage manufacturers and retailers produce, advertise and sell their products to millions of people every day. We therefore consider them political actors (see for a similar […]
The year of corporate acting—does business need a new approach to palm oil?
2018 went down as the ‘year of corporate caring’ about the palm oil controversy. A banned TV advertisement promoting a Palm Oil free Christmas by the UK supermarket Iceland went viral on social media with over 5 million views in merely a couple of weeks. Shortly after, on the south bank in London, Iceland responded to the […]