One world: David Miliband, CEO of the International Rescue Committee, challenges businesspeople to acknowledge that refugees are their workers, neighbours and family. Picture: BLOOMBERG
In spite of this, we are still seeing corporate failures, bloated executive pay, destruction of value and neglect of social and environmental responsibilities. Why does this still occur? When business is chasing profits, and by doing so is making a positive effect, scalability is only limited by the pace of growth. The greater the success of the business, the more society benefits. This is shared value in its true sense. Corporate social investment funding is in itself limited and small relative to the demand for social support.
Business can also act collectively and collaboratively with the government and other stakeholders to effect change. We have seen the establishment of the Joint Education Trust and the Business Trust, collective business contributions to tackle difficult social challenges. The Youth Empowerment Service initiative is an example of a collective business response, in partnership with the government, to expose unemployed youth to the world of work.
The field has shifted over the years from an initial phase of grant-making, where the focus was on selective giving rather than on outcomes, efficiency and impact. Most programmes now have strategies in place that align CSI spending to their businesses, and are investing in demonstrating outcomes .
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:
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.
Cabinet to be restructured to benefit economy - Ramaphosa | IOL Business ReportPresident Cyril Ramaphosa has assured a gathering of investors in that his Cabinet will be restructured to bolster plans ... Ramaphosa is all about money he care about nothing elss New Dawn appears fake news. The list of candidate MPs,as submitted to CJ Moeng, contains most of the incompetent & corruption tainted ANC members. More of the same 💩!
Source: IOL - 🏆 46. / 51 Read more »
Business Maverick: Thursday May 16: Five Things You Need to Know to Start Your DayTrump s geared down the trade war with Japan and the EU, giving U.S. stocks a welcome boost. And Alibaba posted a 33% jump in sales. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Wednesday May 15: Five Things You Need to Know to Start Your DayStocks in the U.S. soared as traders embraced a more hopeful trade outcome. President Trump called on the Federal Reserve to match China’s countermoves, while the Global Times called the trade dispute a “people’s war.” And as tensions flare in Iran, Trump denied he’s preparing troops but promises lots of them if needed. Here are some of the things people in markets are talking about today
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tuesday May 14, Five Things You Need to Know to Start Your DayU.S. stocks plunged after China hit back at Trump, and Asian futures indicate the selloff is far from over. Uber’s skid continues and in the Philippines, Duterte’s allies lead the Senate vote. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Friday, May 10: Five Things You Need to Know to Start Your DayChina and U.S. trade representatives meet in Washington to try to salvage a deal before tariffs go up at midday Hong Kong time, Uber’s IPO is set to become one of the 10 largest U.S. listings, and a new North Korean missile launch suggests trouble for nuclear talks. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »