Inspired by our late founder and lead sponsor, Nigel Doughty, the Doughty Centre for Corporate Responsibility has been mapping and tracking the myriad of organisations, initiatives and time-limited projects focused in some way on the renewal of capitalism. We identified more than 130, and have found many more since our mapping. Many of these highlight the need for businesses to have a societal purpose.
John Neill, executive chairman of the Unipart Group of Companies and a member of the Cranfield University School of Management’s Doughty Centre for Corporate Responsibility Advisory Council since its inception, is eloquent on the scale and range of impacts of the coming Digital Revolution.
This roundtable at ACTIS, on October 4th 2016, was led by Anita Hoffmann, Visiting Fellow, Doughty Centre for Corporate Responsibility.
Being a tri-sector athlete is about moving comfortably between sectors and feeling empathy for each – its a combination of mindset and skills that help. For sustainability many of the leading companies are emphasising importance of collaboration, both with other sectors as well as international agencies, so it is a concept that is more important than ever.
In September 2016, A Blueprint for Better Business organised 2 events to further understand the role of ‘purpose’ within business.
The Panel Discussion on ‘Purpose and Performance’ was attended by around 150 business professionals, whilst the Academic Conference on ‘Organisations with Purpose’ (held in conjunction with London Business School & the LBS Leadership Institute) was attended by around 50 leading academics. I attended both events, and provided my personal reflections.
Eighteen months or so before the 2015 General Election, I suggested to a senior Government minister that the Conservatives should address the debates about the need to renew capitalism in the forthcoming election.
A new report shows positive direction of travel for corporate sustainability – and confirms insights from the Doughty Centre for Corporate Responsibility work themes.
This is an ambitious project. It draws on jurisprudence, recent Asian political history, corporate social responsibility (CSR) literature, and political economy. Robert Hanlon argues that although social responsibility is an increasingly important corporate strategy, human rights and corruption remain marginalized CSR issues in China and Southeast Asia for three reasons. First, multinational corporations see the structural causes of human rights violations and corruption as outside their sphere of influence and responsibility. Second, divergent stakeholder interests are sidelining human rights and corruption as CSR issues. Third, pressure to achieve profit maximization is encouraging a “race to the bottom” scenario in which human rights are increasingly ignored. This book concludes that human rights and corruption will remain peripheral business issues until elite stakeholders agree on how these concepts should enter the social responsibility framework while being vigorously promoted as a global best practice