31 posts categorized "Corporate Responsibility"

February 11, 2014

Impact investing: An investment approach starting to interest mainstream investors

This article was co-written with Erik Classon

Blog_tree_money_300x200Since the term, ‘impact investing,’ was first coined in 2009 by the Monitor Group ("Investing for Social & Environmental Impact: A design for catalyzing an emerging industry"), a great deal of interest has grown around this concept. Initially the dialogue around impact investing was concentrated among a niche set of players identifying themselves as impact investors (e.g., social entrepreneurs, foundations seeking to expand beyond grant-making, focused impact investing funds and public sector/supranational organizations). 

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January 22, 2014

Safeguarding aviation and travel value chains

PACI blog imageCorruption is recognized as one of the most significant obstacles to economic and social development. It is identified in the World Economic Forum’s Global Competitiveness Report as one of the top five impediments to doing business in 58 percent of the 144 countries analysed.

Having deep experience and expertise in the subject of corruption, prevention, and working with various industries and companies around the world, Deloitte has partnered with the World Economic Forum and their Partnering Against Corruption Initiative (PACI) as well as the Aviation and Travel Industry to explore the effects of corruption on the constantly growing and continuously expanding reach of the aviation and travel industry. Our experience in this arena, confirmed through our work with various industry sectors and companies during this project reveal the readiness of the aviation and travel industry to take another step in the fight against corruption and to work together towards leveling the global playing field through cross-industry and cross-regional collaboration with appropriate stakeholders.

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January 21, 2014

Business must disrupt the status quo

Blog_joee_davos14_300x200It’s time for real change. It’s time for disruption.

In the last few years, the world has been lurching from financial crisis to financial crisis. As business leaders gathered last year at the World Economic Forum’s annual meeting, the U.S. government had just narrowly averted falling off the fiscal cliff. Less than a year later, the U.S. found itself in a similar situation, which resulted in the third-longest government shutdown in U.S. history.

Despite all of this, in the U.S., and globally, there have been positive signs of economic recovery and business growth. Momentum continues and that is why I’m optimistic for the upcoming year.

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January 17, 2014

Exploring innovative approaches to tackling humanitarian crises, at the World Economic Forum

Next week, global leaders representing every sector will congregate at the World Economic Forum in Davos, Switzerland, to debate the huge economic, social and political challenges facing the global community now and in the future.

As a Deloitte representative, I will be wearing many hats, but a key focus of my attention will be participating in discussions on how the private and humanitarian sectors can and should collaborate.  I will be attending a number of events to raise awareness of the challenges posed by the escalating cycle of humanitarian crises, resulting from climate change, natural disasters, conflict, and the expanding gap between rich and poor amongst others.

The increasing frequency and magnitude of these humanitarian crises is inflicting heavy social and financial costs for both local communities and business.  Enhancing resilience is clearly vital for all businesses in order to mitigate the potential financial costs of these catastrophic events. And the Deloitte network can offer our clients value through our disaster recovery, business resilience and crisis management capabilities. But how can we add value to the humanitarian sector and play our part in tackling the unmeasurable social costs of these crises?

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January 13, 2014

Deloitte collaborates with humanitarian sector to better prepare for crises

Gx_cr_humanitarian_program_noexpThe increasing frequency, scale and complexity of humanitarian crises are inescapable. According to a new report by the United Nations Office for the Coordination of Humanitarian Affairs (UN OCHA), inter-agency appeals typically target 60-70 million people each year, compared with 30-40 million 10 years ago. This increase can be attributed to a convergence of multiple global trends including climate change, population growth, urbanization, and food and water insecurity.

The Deloitte network has traditionally contributed cash donations during humanitarian crises, as recently demonstrated by the generous response of colleagues around the world when Typhoon Haiyan struck the Philippines. In the immediate aftermath of a crisis, cash donations are incredibly important so that responders can provide for the needs of affected people and communities.

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October 08, 2013

Companies must play a role in driving social progress

BgI recently attended the Ethos Conference in Sao Paolo, Latin America's largest conference on sustainability and social responsibility. Hosted by Instituto Ethos, a Brazilian not-for-profit with over 1,300 member companies, the event was full of fascinating insights into the rise of sustainable business in Latin America. However, the key reason for my visit was to attend the launch of the 2013 Social Progress Index in Brazil.

The Index is the first initiative of the Social Progress Imperative (SPI), a not-for-profit with whom Deloitte has established a strategic alliance. The mission of SPI is to advance global human wellbeing, by combining national social performance and capacity indicators with solutions-oriented outreach to sector leaders, and grassroots champions, who together can effect large-scale change. The 2013 Index ranks 50 countries across the globe by their level of ‘social progress’. The methodology, designed by Michael E. Porter of Harvard Business School and Scott Stern at MIT, is a response to a growing recognition that GDP alone is not an adequate measure of a country’s wellbeing. The Index is an attempt to address this by creating a measure that focuses solely on societal and environmental indicators. 

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October 03, 2013

Reflections from the World Economic Forum’s Impact Investing Initiative

This article was co-written with Carolien de Bruin and Joel Bryce.

Plant in a money pot ind_fsi_glb_ho_237_hiSeptember marked the completion of Phase 1 of a year-long initiative in which the World Economic Forum (The Forum) engaged Deloitte on its Mainstreaming Impact Investing initiative. The purpose of the initiative was two-fold:(1) Better understand whether the buzz and excitement with impact investing is more than “a flash in the pan” and if it represents a structural shift in how investments are made, especially as it relates to mainstream or institutional investors; and (2) Assess who are making impact investments, and – as importantly – who are not, today.

In this context, impact investing, in its simplest form, is leveraging one’s investment portfolio to intentionally create social value (of course, and financial returns).  Going into this initiative, we knew that many high net-worth individuals, foundations, and development organizations look to create social and environmental value with their investment portfolio. However, we were keen to understand whether “mainstream investors” such as pension funds, insurance companies, sovereign wealth funds, university endowments, and other large-scale asset owners were making a play in the space, and if not, why.

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February 13, 2013

Looking to the future: Young scholars awarded global opportunity

Blog_stackedbooks_300x200On February 13, Professor Donna Street, Mahrt Chair in Accounting at the University of Dayton and IAAER Director of Research and Education Activities, and I launched the new Deloitte IAAER Scholarship program. By connecting young professors to the global accounting profession and academic world, the program should bring a broader perspective to local accounting education. It provides the link between “local” and “global” accounting developments, reflecting the global progression of the profession and business in general--a path that will continue into the future.

The Deloitte IAAER scholarship program will benefit future accounting professionals who go on to become auditors, preparers of financial statements, budget holders, or financial controllers, just to name a few. In the long term it will help raise the quality of accounting, auditing and financial reporting in markets around the world.

I want to share with you an interview with Donna  as she shares her thoughts on the program, as well as the views of the five young associate professors who are the inaugural Deloitte IAAER scholars.

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June 23, 2012

Rio+20 demonstrates that we’re “headed in the right direction”

Dttl_antsonbranchAs more than a week of activities at the United Nations Conference on Sustainable Development (Rio+20) concluded yesterday, I think everyone who contributed thought leadership, put their and their organization’s support behind conference goals, and supported the sessions should be happy with where the conference ended: that is, happy that change is happening and that we are headed in the right direction, but not, in my opinion, content to think the work is done.

As you know from our messages over the past week, Rio+20 set out to help shape new policies to promote global prosperity, reduce poverty, and advance social equity and environmental protection.  Along those lines, those of us who participated in a related conference over the past several days—the Rio+20 Corporate Sustainability Forum (CSF)—had three specific goals in mind:

  • Set the stage for further growth for companies engaged in sustainable development
  • Demonstrate that many solutions for sustainable development already exist
  • Demonstrate concrete, tangible action on a massive scale

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June 22, 2012

Integrating sustainability and the environment into an effective business education

Green appleRio is an exciting cosmopolitan city but even this dynamic and festive city received a jolt of activity when 5,000 registrants arrived this week for the much-anticipated United Nations Conference on Sustainable Development (Rio+20). One of my first activities after I arrived was to take part in the “Principles for Responsible Management Education (PRME) Summit” which preceded the official opening of Rio+20. 

As many of you know, education is a primary global focus for corporate responsibility at Deloitte, so it was energizing to hear discussions around the future role of business management education in creating the society we all want and deserve. The PRME initiative is a partnership of a number of academic and public sector international organizations that support the notion of business schools having a unique niche at the forefront of innovation for sustainable development. These groups believe that action must be taken now to envision and implement a business education construct that adequately takes sustainability issues and the environment into consideration of how business gets done.

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