about this blog
TRANSCRIPT
THIS IS THE PERSONAL BLOG OF JORDI LESAFFER ON CORPORATE SOCIAL
RESPONSIBILITY (CSR) AND SOCIALLY RESPONSIBLE INVESTMENT (SRI).
T H E O P I N I O N S E X P R E S S E D I N T H I S B L O G A R E T H O S E O F T H E A U T H O R A L O N E A N D D O N O T R E F L E C T T H E V I E W S O F A N Y C O M PA N Y O R
O R G A N I Z A T I O N W I T H W H I C H H E I S A S S O C I A T E D
ALSO ACTIVE ON:
Thougths and Reflexions on a Sustainable Society
Blog about?
CSR & SRI & Sustainable Development
Responsibilities of Companies & Investors
Before: Companies were part of the problem
Now: Companies CAN and SHOULD be part of the solution
- STIMULATE DEBATE
- INFORM
- EXCHANGE & SHARE
5 ‘Mega-Forces’ or Key Challenges
1. Business & Climate change
2. Business & Human rights
3. Business & Finance
4. Business & Consumers
5. Business & Supply chain
Business & Climate change
Risks & Opportunities
Fossil fuels – Carbon bubble - disinvestment
Green energy – Engine of a new economy?
Questioning of current growth model
Investors have a huge power! Green Money!
Business & Human rights
Globalization – Shared values on human rights spread worldwide (social media!)
Companies active in Conflict zones
NGO’s, social media, consumers: close monitoring!
In all domains: (cfr Olympics, World Cup)
Privacy rights - Prism / Snowden / Facebook
Respect, Protect, Remedy Framework– United Nations
Business & Finance
Financial crisis – short termism (high risks!)
Casino capitalism – ‘don’t sell what you cannot explain in 20 sec to your mother’
Invest in real economy – food speculation/land grabbing
Tax evasion. “What is legal, is not necessarily ethical”
SRI is exploding – EUR + World – Emerging markets
Long-term investment – Impact Investing – Integration of ESG in mainstream financial analysis
Business & Consumers
Consumer awareness: healthy food, safety of products…
Right to information: What’s in it?
Labelling of products : GMO’s, Fair Trade, BIO
Fair Price & Trade for everyone – Also here in the North
Consumers have power: But need to be conscious also…1 dollar shirt has its price!
Business & Supply chain
Outsourcing – China – Bangladesh – Africa next
Low cost production – low Labour, ENV and HRT standards
Rana Plaza: wake up call? Decent wages
Complexity: Who’s responsible?
Consumer awareness! What’s the real ‘price’ of my I-Phone?
Conclusions
SRI and CSR are becoming mainstream
Sustainability is E + S
Key role of Governments – re-regulation! Political will?
Key role of investors – They have the $
Key role of consumers: ‘critical’ shopper?
Holistic approach