In Silicon Valley, Criminal Prosecutors See No Evil

The Elizabeth Holmes fraud trial is set to be a major spectacle, but tech executives generally get a pass when it comes to wrongdoing.

#computers-and-the-internet, #corporate-social-responsibility, #enterprise-computing, #entrepreneurship, #frauds-and-swindling, #holmes-elizabeth-1984, #start-ups, #tests-medical, #theranos-inc, #united-states-attorneys

Companies Stay Quiet on Texas’ New Abortion Law

Businesses that expressed opposition to restrictive voting laws are declining to take a similar stand on the abortion measure.

#abortion, #bumble-trading-inc, #corporate-social-responsibility, #hewlett-packard-enterprise-company, #lyft-inc, #match-group-inc, #politics-and-government, #texas, #uber-technologies-inc, #voting-rights-registration-and-requirements, #womens-rights

Sphere raises $2M to help employees lobby for Green 401(k) plans

In the United States, a 401(k) plan is an employer-sponsored defined-contribution pension account. However, with legacy institutional investing, most of these have at least some level of fossil fuel involvement and let’s face it, very few of us really know. Now a startup plans to change that.

California-based startup Sphere wants to get employees to ask their employers for investment options that are not invested in fossil fuels. To do that it’s offering financial products that make it easier – it says – for employers to offer fossil-free investment options in their 401(k) plans. This could be quite a big movement. Sphere says there are over $35 trillion in assets in retirement savings in the US as of Q1 2021.

It’s now raised a $2M funding round led by climatetech-focused VC Pale Blue Dot led the investment round. Also participating were climate-focused investors including Sundeep Ahuja of Climate Capital. Sphere is also a registered ‘Public Benefit Corporation’ allowing it to campaign in public about climate change.

Alex Wright-Gladstein, CEO and founder of Sphere said: “We are proud to be partnering with Pale Blue Dot on our mission to reverse climate change by making our money talk. Heidi, Hampus, and Joel have the experience and drive to help us make big changes on the short 7 year time scale that we have to limit warming to 1.5°C.” Wright-Gladstein has also teamed up with sustainable investing veteran Jason Britton of Reflection Asset Management and BITA custom indexes.

Wright-Gladstein said she learned the difficulty of offering fossil-free options in 401(k) plans when running her previous startup, Ayar Labs. She tried to offer a fossil-free option for employees, but found out it took would take three years to get a single fossil-free option in the plan.

Heidi Lindvall, General Partner at Pale Blue Dot said: “We are big believers in Sphere’s unique approach of raising awareness through a social movement while offering a range of low-cost products that address the structural issues in fossil-free 401(k) investing.”

#articles, #ayar-labs, #california, #ceo, #climate-change, #corporate-social-responsibility, #economy, #entrepreneurship, #europe, #general-partner, #heidi-lindvall, #pale-blue-dot, #private-equity, #sphere, #startup-company, #tc, #united-states

The Cheap & Easy Sanctimony of Ben & Jerry

The godfathers of “Woke Inc.” stumble in the Middle East. 

#benjerrys-homemade-inc, #boycotts, #corporate-social-responsibility, #human-rights-and-human-rights-violations, #ice-cream-and-frozen-desserts, #israel, #israeli-settlements, #palestinians, #unilever-nv

Ben & Jerry’s Founders on the Company’s Israel Policy

We support the company’s decision to end the sale of its ice cream in the occupied Palestinian territories.

#benjerrys-homemade-inc, #corporate-social-responsibility, #israel, #palestinians

Ben & Jerry’s to Stop Selling Ice Cream in Israeli Occupied Territories

A politically active company just waded into one of the most fraught issues in the world, and the reaction was immediate.

#benjerrys-homemade-inc, #boycotts, #corporate-social-responsibility, #israel, #palestinians, #unilever-nv, #west-bank

Hubert Joly Turned Around Best Buy. Now He’s Trying to Fix Capitalism.

“The more taxes I pay, the happier I am,” says Mr. Joly, who is waging a campaign to get big business to be more socially responsible.

#best-buy-company-inc, #content-type-personal-profile, #corporate-social-responsibility, #executive-compensation, #executives-and-management-theory, #harvard-university, #joly-hubert, #labor-and-jobs, #shopping-and-retail

E.P.A. Approved Toxic Chemicals for Fracking a Decade Ago, New Files Show

The compounds can form PFAS, also known as “forever chemicals,” which have been linked to cancer and birth defects. The E.P.A. approvals came despite the agency’s own concerns about toxicity.

#chemicals, #corporate-social-responsibility, #environmental-protection-agency, #global-warming, #greenhouse-gas-emissions, #hazardous-and-toxic-substances, #hydraulic-fracturing, #natural-gas, #obama-barack, #oil-petroleum-and-gasoline, #physicians-for-social-responsibility, #public-employees-for-environmental-responsibility, #regulation-and-deregulation-of-industry, #water-pollution

Why Boaz Weinstein Paid Little in Income Tax

The multimillionaire Boaz Weinstein disclosed why he paid no or little taxes for several years.

#corporate-social-responsibility, #farhadian-weinstein-tali, #federal-taxes-us, #high-net-worth-individuals, #labor-and-jobs, #shareholder-rights-and-activism, #weinstein-boaz-r

In Leak Investigation, Tech Giants Are Caught Between Courts and Customers

Apple, under fire for turning over the data of two lawmakers to the Trump Justice Dept., said it did so unknowingly, while Google fought a request for New York Times data because it related to a corporate client.

#apple-inc, #classified-information-and-state-secrets, #computers-and-the-internet, #corporate-social-responsibility, #enterprise-computing, #google-inc, #house-committee-on-intelligence, #justice-department, #news-and-news-media, #privacy, #subpoenas, #united-states-politics-and-government

Facebook Plans to End Hands-Off Approach to Politicians’ Posts

The social network, under pressure since barring former President Donald J. Trump, will no longer automatically give world leaders special treatment.

#computers-and-the-internet, #corporate-social-responsibility, #demonstrations-protests-and-riots, #facebook-inc, #freedom-of-speech-and-expression, #politics-and-government, #social-media, #storming-of-the-us-capitol-jan-2021, #zuckerberg-mark-e

The Sound of Silence on Abortion

Sport leagues and corporations rally against bias and voter suppression. But they are quiet about abortion. 

#abbott-gregory-w-1957, #abortion, #american-airlines, #appeals-courts-us, #apple-inc, #arkansas, #atlanta-ga, #austin-ind, #brewer-jan, #corporate-social-responsibility, #dell-inc, #dell-michael-s, #discrimination, #fort-worth-tex, #fuqua-antoine, #georgia, #hewlett-packard-company, #homosexuality-and-bisexuality, #houston-tex, #law-and-legislation, #major-league-baseball, #mississippi, #national-basketball-assn, #national-collegiate-athletic-assn, #pence-mike, #politics-and-government, #pregnancy-and-childbirth, #state-legislatures, #states-us, #supreme-court-us, #texas, #women-and-girls

Long Before Beth Ford Became Land O’ Lakes C.E.O., She Cleaned Toilets

Beth Ford has spent much of her career working on supply chain issues, which has served her well as the leader of Land O’ Lakes.

#agriculture-and-farming, #content-type-personal-profile, #coronavirus-2019-ncov, #corporate-social-responsibility, #dairy-products, #executives-and-management-theory, #ford-beth-1964, #land-olakes-inc

How to Tell if a Company’s Claim of Ethical Practices Is True

A lawsuit against an egg company that says its products “value animals” raises the question: What criteria can investors and consumers use?

#advertising-and-marketing, #agriculture-and-farming, #content-type-service, #corporate-social-responsibility, #people-for-the-ethical-treatment-of-animals

A Post-George Floyd ‘Racial Reckoning’ Missed Other Inequalities

Acknowledging people’s humanity is interesting. It’s not necessarily justice. Improving their lives, keeping them alive, may be.

#black-lives-matter-movement, #corporate-social-responsibility, #george-floyd-protests-2020, #police-brutality-misconduct-and-shootings

TikTok’s Owner, ByteDance, Says C.E.O. Zhang Yiming Will Resign

Zhang Yiming steered ByteDance to become China’s first truly globally successful internet company.

#appointments-and-executive-changes, #beijing-bytedance-technology-co-ltd, #china, #corporate-social-responsibility, #tiktok-bytedance, #workplace-environment, #zhang-yiming-1983

Naomi Osaka’s Net Worth, Beyond the Court

From the Met Gala roster to your lunchtime salad bowl, the tennis champion is suddenly ubiquitous.

#advertising-and-marketing, #content-type-personal-profile, #corporate-social-responsibility, #osaka-naomi-1997

The Mogul in Search of a Kinder, Gentler Capitalism

Lynn Forester de Rothschild, founder of the Coalition for Inclusive Capitalism, believes change will come when hedge fund billionaires and Pope Francis work together.

#business-roundtable, #capitalism-theory-and-philosophy, #coalition-for-inclusive-capitalism, #content-type-personal-profile, #corporate-social-responsibility, #de-rothschild-lynn-forester, #executive-compensation, #executives-and-management-theory, #high-net-worth-individuals, #income-inequality, #ubben-jeffrey-w

Looking for Bipartisan Accord? Just Ask About Big Business.

In surveys and political discourse, Republicans are increasingly critical of corporations, but not for the reasons Democrats have long held that view.

#corporate-social-responsibility, #corporations, #mcconnell-mitch, #polls-and-public-opinion, #republican-party, #surveymonkey, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Nick Clegg Steers Facebook’s Trump Decision

Nick Clegg, a former deputy prime minister, has shaped the company’s handling of Donald Trump at every turn.

#clegg-nick, #computers-and-the-internet, #corporate-social-responsibility, #facebook-inc, #freedom-of-speech-and-expression, #oversight-board-facebook, #regulation-and-deregulation-of-industry, #trump-donald-j, #zuckerberg-mark-e

Trump Ban From Facebook Upheld by Oversight Board

A company-appointed panel ruled that the ban was justified at the time but added that the company should reassess its action and make a final decision in six months.

#capitol-building-washington-dc, #censorship, #computers-and-the-internet, #corporate-social-responsibility, #facebook-inc, #news-and-news-media, #oversight-board-facebook, #presidential-election-of-2020, #rumors-and-misinformation, #social-media, #storming-of-the-us-capitol-jan-2021, #trump-donald-j, #zuckerberg-mark-e

Business Coalitions to Speak Out Against Voting Restrictions in Texas

Companies including Hewlett-Packard, Microsoft and Unilever are set to call for expanded voting access in the state after weeks of silence from national businesses on Republicans’ voting bills there.

#corporate-social-responsibility, #hewlett-packard-company, #letters, #microsoft-corp, #patagonia-inc, #republican-party, #salesforce-com-inc, #sodexo, #state-legislatures, #texas, #unilever-nv, #voter-registration-and-requirements, #voting-and-voters

The History of Banks and Social Movements

Financial institutions have a unique power to contribute to social movements — if they choose to use it.

#banking-and-financial-institutions, #civil-rights-and-liberties, #corporate-social-responsibility, #municipal-bonds, #race-and-ethnicity, #saturdaynewsletter

Warren Buffett Opposes Climate and Diversity Proposals for Berkshire

Berkshire Hathaway’s shareholders are expected to follow the chairman’s lead and reject demands for more disclosures.

#berkshire-hathaway-inc, #buffett-warren-e, #corporate-social-responsibility, #shareholder-rights-and-activism

Extremists Find a Financial Lifeline on Twitch

QAnon adherents and other far-right influencers are making thousands of dollars broadcasting election and vaccine conspiracy theories on the streaming site.

#amazon-com-inc, #censorship, #computers-and-the-internet, #conspiracy-theories, #corporate-social-responsibility, #fringe-groups-and-movements, #qanon, #right-wing-extremism-and-alt-right, #rumors-and-misinformation, #social-media, #twitch-interactive-inc, #video-recordings-downloads-and-streaming

Marco Rubio’s ‘Woke Capital’ Tantrum

Republicans are mad at big business, but not mad enough to raise taxes.

#amazon-com-inc, #corporate-social-responsibility, #corporate-taxes, #corporations, #georgia, #labor-and-jobs, #law-and-legislation, #organized-labor, #republican-party, #rubio-marco

How Mark Zuckerberg and Apple’s C.E.O. Became Foes

The chief executives of Facebook and Apple have opposing visions for the future of the internet. Their differences are set to escalate this week.

#advertising-and-marketing, #apple-inc, #computers-and-the-internet, #cook-timothy-d, #corporate-social-responsibility, #data-mining-and-database-marketing, #facebook-inc, #iphone, #mobile-applications, #online-advertising, #privacy, #social-media, #software, #zuckerberg-mark-e

Breaking Point: How Mark Zuckerberg and Tim Cook Became Foes

The chief executives of Facebook and Apple have opposing visions for the future of the internet. Their differences are set to escalate this week.

#advertising-and-marketing, #apple-inc, #computers-and-the-internet, #cook-timothy-d, #corporate-social-responsibility, #data-mining-and-database-marketing, #facebook-inc, #iphone, #mobile-applications, #online-advertising, #privacy, #social-media, #software, #zuckerberg-mark-e

N.A.A.C.P. Leader Says ‘a Few Checks’ Can’t Fix Structural Racism

“There is a responsibility of corporations to ensure that we maintain a stable democracy,” Derrick Johnson said.

#black-people, #civil-rights-and-liberties, #content-type-personal-profile, #corporate-social-responsibility, #corporations, #executives-and-management-theory, #johnson-derrick-1968, #national-assn-for-the-advancement-of-colored-people

Jamie Dimon, LeBron James and the Super League Debate

Jamie Dimon of JPMorgan Chase and LeBron James are the latest to get entangled in the debate.

#berkshire-hathaway-inc, #corporate-social-responsibility, #dimon-james, #european-super-league-soccer, #james-lebron, #jpmorgan-chasecompany, #neuberger-berman-llc, #perez-florentino, #soccer

Georgia Faith Leaders to Urge Boycott of Home Depot Over Voting Law

Black religious leaders representing more than 1,000 churches in the state are planning a “warning shot” for other Republican-led states that are trying to limit voting access.

#black-people, #boycotts, #civil-rights-and-liberties, #corporate-social-responsibility, #georgia, #home-depot-inc, #jackson-reginald-t, #republican-party, #voter-registration-and-requirements

A Family Opens Up About Its Investing Mistakes

The family behind the Nathan Cummings Foundation agreed four years ago to invest more of the endowment in social justice causes. In a new report, it discusses how difficult that was.

#content-type-service, #corporate-social-responsibility, #cummings-nathan-foundation, #philanthropy

These C.E.O.s Didn’t Sign Onto a Letter Defending Voting Rights

Hundreds of leaders and companies signed a letter opposing strict limits. They did not.

#armstrong-brian-1983, #buffett-warren-e, #coronavirus-2019-ncov, #corporate-social-responsibility, #frazier-kenneth-c, #mcmillon-c-douglas, #virtual-currency, #walmart-stores-inc

Corporations of the World, Unite!

The internal contradictions of “woke capitalism” are a mixed blessing for the Democratic Party.

#conservatism-us-politics, #corporate-social-responsibility, #corporations, #democratic-party, #georgia, #kemp-brian-p, #law-and-legislation, #liberalism-us-politics, #mcconnell-mitch, #presidential-election-of-2020, #republican-party, #state-legislatures, #texas, #united-states-politics-and-government, #voter-registration-and-requirements

Hundreds of Companies Unite to Oppose Voting Limits, but Others Abstain

Amazon, Google, G.M. and Starbucks were among those joining the biggest show of solidarity by businesses over legislation in numerous states.

#buffett-warren-e, #business-roundtable, #chenault-kenneth-i, #corporate-social-responsibility, #executives-and-management-theory, #frazier-kenneth-c, #law-and-legislation, #voter-registration-and-requirements

Executives Call for Deep Emission Cuts to Combat Climate Change

More than 300 corporate leaders will ask the Biden administration to nearly double the emission reduction targets set by the Obama administration.

#corporate-social-responsibility, #global-warming, #greenhouse-gas-emissions, #united-nations-framework-convention-on-climate-change, #united-states-politics-and-government

How a Very Weird Quirk Might Let Michigan Republicans Limit Voting Rights

State Republicans are pushing a voting law that Gov. Gretchen Whitmer has said she will veto. But a rarely used option for a voter-driven petition could allow the G.O.P. to circumvent her veto.

#corporate-social-responsibility, #democratic-party, #ford-motor-co, #general-motors, #law-and-legislation, #michigan, #politics-and-government, #presidential-election-of-2020, #republican-party, #state-legislatures, #united-states-politics-and-government, #vetoes-us, #voter-fraud-election-fraud, #whitmer-gretchen

Corporate Leaders Discuss How to Address Georgia’s Voting Laws

A coalition of 60 law firms has joined business leaders about the need for companies to use their clout to oppose state legislation that would make it harder to vote.

#black-people, #corporate-social-responsibility, #voter-registration-and-requirements

Clim8 raises $8M from 7pc Ventures, launches climate-focused investing app for retail investors

Ethical investing remains something of a confusing maze, with a great deal of ‘greenwashing’ going on. A new UK startup is hoping to fix that with the launch of its new app and platform for retail investors.

Clim8 Investhas raised $8 million from 7pc Ventures (early backers of Oculus, acquired by Facebook),  British Business Bank Future Fund and a numbers of technology entrepreneurs and executives including Marcus Exall (Monese), Marcus Mosen (N26),  Paul Willmott (Lego Digital, McKinsey), Doug Scott (Redbrain), Matt Wilkins (Thought Machine), Andrew Cocker (Skyscanner), Steve Thomson (Redbrain), Monica Kalia (Neyber, Goldman Sachs), Doug Monro (Adzuna), Erik Nygard (Limejump). 

Consumers will be able to invest in companies and supply chains that are focused on tackling climate change. It will be competing with similar startups in the space such as London-based Tickr (backed by $3m from Ada Ventures), Helios in Paris, and Yova in Zurich.

Duncan Grierson, CEO of Clim8 said in a statement: “We are launching at an exciting time for sustainable investing. 2020 was an exceptional year for environmentally-focused investment offerings, as investors looked harder at climate-related opportunities. Sustainable investments have continued to outperform markets since the beginning of the Covid-19 Crisis and we believe this will continue.”

Grierson has 20 years of experience in the green space and was a winner of the EY Entrepreneur of Year Cleantech award.

The startup will take advantage of new, higher EU rules around the disclosure requirements for sustainable investment funds. Users can choose between either stocks and shares ISAs (up to £20k) or a taxable general investment account.

#ada-ventures, #adzuna, #articles, #ceo, #corporate-social-responsibility, #economy, #europe, #european-union, #facebook, #finance, #goldman-sachs, #london, #monese, #n26, #paris, #retail-investors, #social-finance, #tc, #technology-entrepreneurs, #united-kingdom, #zurich

The New Cancel Culture Capitalism

For Republicans, cancel culture is good for business.

#boycotts, #conservatism-us-politics, #corporate-social-responsibility, #georgia, #law-and-legislation, #republican-party, #united-states-politics-and-government, #voting-and-voters

Republicans’ Fake War Against ‘Woke Capital’

If they really wanted to help the working class, there is plenty they could do.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #conservatism-us-politics, #corporate-social-responsibility, #major-league-baseball, #organized-labor, #republican-party, #united-states-politics-and-government

Republicans Have Declared War on Coca-Cola and Baseball

Mitch McConnell wants corporate America to stop being “stupid” about the ongoing battle over voting rights.

#corporate-social-responsibility, #georgia, #state-legislatures, #united-states-politics-and-government, #voter-registration-and-requirements

Business Has Only One Political Party: Profit

When C.E.O.s speak out against Republican priorities, it isn’t the flip-flop of alliances it appears to be.

#all-star-games, #athletics-and-sports, #business-roundtable, #corporate-social-responsibility, #georgia, #united-states-politics-and-government, #voting-and-voters

Are Democrats Friends with Big Business Now?

When C.E.O.s speak out against Republican priorities, it isn’t the flip-flop of alliances it appears to be.

#all-star-games, #athletics-and-sports, #business-roundtable, #corporate-social-responsibility, #georgia, #united-states-politics-and-government, #voting-and-voters

Inside Corporate America’s Frantic Response to the Georgia Voting Law

Companies like Delta are caught between Democrats focused on social justice and populist Republicans. They face major political consequences no matter what they do.

#american-airlines, #bastian-edward-h, #black-people, #business-roundtable, #chenault-kenneth-i, #civil-rights-and-liberties, #coca-cola-company, #corner-office, #corporate-social-responsibility, #delta-air-lines-inc, #frazier-kenneth-c, #george-floyd-protests-2020, #georgia, #home-depot-inc, #kemp-brian-p, #law-and-legislation, #lesser-richard, #lewis-william-m-jr, #lobbying-and-lobbyists, #naacp-legal-defense-and-educational-fund, #quincey-james-1965, #republican-party, #state-legislatures, #united-parcel-service-inc, #voter-registration-and-requirements

Corporations, Vocal About Racial Justice, Go Quiet on Voting Rights

“They are complicit in their silence,” one activist said, as bills that would disproportionately affect Black citizens across the country stir public debate.

#black-people, #black-voters-matter, #brown-latosha-1970, #coca-cola-company, #corporate-social-responsibility, #corporations, #delta-air-lines-inc, #georgia, #groh-wargo-lauren, #law-and-legislation, #motion-picture-assn-of-america, #sonnenfeld-jeffrey-a, #voter-registration-and-requirements

Ad Agencies Step Away From Oil and Gas in Echo of Cigarette Exodus

A queasiness has set in among some people who have made ads promoting fossil fuels. One executive likened the shift to the ad industry’s move away from tobacco.

#advertising-and-marketing, #alternative-and-renewable-energy, #corporate-social-responsibility, #energy-and-power, #environment, #global-warming, #greenhouse-gas-emissions, #lobbying-and-lobbyists, #oil-petroleum-and-gasoline, #omnicom-group-inc, #public-relations-and-publicity, #wpp

Greg Steltenpohl, Pioneer in Plant-Based Drinks, Dies at 67

His first company, Odwalla, was crippled by a bacterial outbreak; he then started Califia Farms, now a leader in the beverage industry.

#beverages, #califia-farms-lp, #corporate-social-responsibility, #deaths-obituaries, #food-contamination-and-poisoning, #juices, #odwalla-inc, #steltenpohl-greg

Beyond Trend: An Honest Conversation About Fashion, Race, Elitism and Community

Four industry power brokers tell it like it is.

#akers-zerina, #balmain, #black-lives-matter-movement, #black-people, #black-owned-everything-website, #corporate-social-responsibility, #depop-mobile-app, #fashion-and-apparel, #piccioli-pierpaolo, #quarantine-life-and-culture, #race-and-ethnicity, #raga-maria, #rousteing-olivier, #valentino-fashion-group-spa, #your-feed-fashion

Bitcoin’s Climate Change Impact Is Under Scrutiny

As companies and investors increasingly say they are focused on climate and sustainability, the cryptocurrency’s huge carbon footprint could become a red flag.

#alternative-and-renewable-energy, #bitcoin-currency, #corporate-social-responsibility, #gates-bill, #greenhouse-gas-emissions