Presentation on theme: "Key Components of a Socially Responsible Company by Conrad MacKerron."— Presentation transcript:
Key Components of a Socially Responsible Company by Conrad MacKerron
Our Mission Use the power of financial markets to strengthen corporate social and environmental policies
Shareholder Advocacy – Mobilizing Financial Markets for Social Change Corporate Engagement Shareholder Proposals Proxy Voting
Blue Chip Engagement More than 50 corporate engagements moving companies towards greater environmental sustainability and social equity.
Traditional Measures of Corporate Responsibility Quality of management Compliance with laws Honest accounting Financial soundness Product quality
Challenging But Essential Policies Environmental Stewardship Human Capital
Key Components of Environmental Stewardship Policies and practices to promote: Materials Efficiency Reduced Toxics Reduced Waste Extended Producer Responsibility
Key Components of Human Capital Policies and practices to promote labor rights and deter… Forced Labor Child Labor Slave Labor
Product Stewardship Shifts responsibility for recycling and safe disposal from society to producers 17 states -- producer responsibility laws for electronic waste 11 states – beverage container deposit laws
Best Buy’s Commitment to As You Sow The largest U.S. electronics retailer began to offer electronic waste recycling at all of its 1000+ stores in February They expect to collect 50 million pounds of electronics in 2009
Bottle and Can Recycling Problem 66% of beverage bottles and cans are wasted! Action Coca-Cola agrees to recycle 50% of bottles and cans it sells by 2015 Nestle Waters agrees to recycle 60% of PET plastic bottles sold by 2018
CFLs and Mercury In dialogue with GE, Home Depot, Lowe’s and Wal-Mart to encourage: -No worker exposure to mercury at factory level -Labeling of mercury content -Labeling of safe cleanup procedures if bulbs break
Uzbek cotton Every fall, over 1 million Uzbek children are taken out of the classroom and into the fields—by government mandate— to pick cotton. Wal-Mart called for a boycott on Uzbek cotton; Target, Gap Inc., Levi’s & Co., Marks & Spencer, and Tesco have all made public statements and taken steps internally to eliminate Uzbek cotton from their supply chains.