News Formal

Look to cooperatives to embed ESG and CSR into your company’s genes

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Canada’s credit unions offer an inspiration, and model for purpose-driven organizations that impact social discourse, and make a profit

Jay-Ann Gilfoy is president and chief executive officer of Meridian Credit Union

Canadian credit unions were founded to help those who couldn’t get loans. In Quebec in 1900, Alphonse Desjardins pioneered the model, financing farm equipment. In Ontario, farmers who couldn’t get credit joined forces, as did ethnic communities. Meridian traces its roots back to fruit growers in the Niagara region, while Vancity started by providing mortgages in working class Vancouver, highlighting Western Canada’s tradition of co-operatives.

Make no mistake, we need to earn profits. But given our purpose, in a down year, we’d consider creative solutions before resorting to layoffs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 reasons to give dividend stocks another lookDividend stocks remain a good option for investors looking to weather any upcoming volatility and maximize their returns. Find out more.
Source: fpinvesting - 🏆 43. / 63 Read more »