Corporate social responsibility (CSR) has emerged from buzz-word
status and a growing trend in the workplace to its current standing
as a common organizational adherence. It is a concept whereby an
organization takes responsibility for the impact of its activities
on employees, stakeholders, the local community, the environment,
and society at large. CSR is no longer reserved for dogooder
organizations with the resources to pour into sustainability
practices. Instead, it is a necessary strategy for remaining
competitive in the market, meeting industry best practices, and
even attracting and retaining young talent.
In a September 2008 report, human capital research firm Catalyst
identified "understanding corporate social responsibility" as one
of the six workplace trends that organizations must adopt to
succeed in the near future.
New CSR roads are being paved in 2009 in response to the tumultuous
economy. Social action network change.org purports that clean
technology may be the one recession-proof industry. The bulk of the
government's proposed 2009 economic stimulus package will support
electricity transmission and energy efficient infrastructure
projects. Coined "The Green Recovery," this legislation will serve
as a solution to, rather than victim of, the bleak economic
outlook. Resources toward sustainability initiatives may be easier
than ever for organizations to secure.
Terry Tamminen, former chief policy advisor for California Governor
Arnold Schwarzenegger and operating advisor to Pegasus Capital
Advisors (which focuses on innovative clean-tech companies),
forecasts that virtual meetings, zero waste, and sustainability
labels will arise as the top sustainability trends in 2009.
Tamminen predicts that webinars will replace seminars, and phone
and video conferences will eliminate the need for face-to-face
meetings, or even some conferences and expos. Zero waste simply
means no tolerance for carbon dioxide and greenhouse gas emissions,
which are known not only for their toxic effects on the
environment, but also for their poisonous impact on an
organization's reputation. Finally, sustainability labels will
provide consumers with information on a product's carbon footprint,
recycled content, materials used, and miles traveled. Wal-Mart and
Tesco are among the organizations leading the way in the creation
of these labels.
Additional high-profile organizations, many of them recognized for
their leadership in learning, convened at the CFO Green Conference
in March 2008. Caterpillar, Coca-Cola, Dell, and Office Depot were
among the organizations represented by the 60 executives who met to
learn how corporate sustainability affects customers, shareholders,
and employees, and what necessary CSR practices to implement in the
future. "Our environmental stewardship is integral to the way we do
business. It is not an aside, or an add-on; it is core to the way
we behave," says Michael Monahan, chief financial officer of Pitney
Bowes.
Join these executives in mastering corporate social responsibility
behavior in 2009. This column is designed to keep you in tune with
the CSR climate in the workplace. Check back bimonthly to read
about the latest CSR standards, trends, and case studies, and to
ensure that your learning organization is on the front lines of the
sustainability movement.