Business Ethics & Philanthropy

Sophists were the first political philosophers, contemporary to Socrates, who believed that virtue, in general, is the ability to acquire those things that people agree, give them pleasure – wealth, honour and status; and political virtue, in particular, is the ability to acquire these things by the successful use of power. Which is why,...

By: Riley Panko According to new research by Clutch, nearly half of online shoppers receive packages within 2-3 days of placing their orders. Unfortunately, rushed shipping can lead to significant environmental problems. For example, Amazon’s 2017 deliveries emitted roughly 19 million metric tons of carbon, and that was before the company began rolling out its new one-day...

Businesses are recognizing the risks associated with climate change. More severe weather patterns are already impacting the economy and making parts of the world more volatile. Such changes damage infrastructure, interrupt supply chains, hurt agricultural productivity and impact human health. The United Nations has estimated that the economic cost of climate-related disasters alone hit $2.245 trillion over the...

According to a World Economic Forum (WEF) report, about 32 per cent of 78 million tones of annual plastic packaging production is being dumped in our oceans. A New Delhi-based Energy and Resource Institute has estimated that around 43 per cent of plastic manufactured is used for packaging and most of it is single-use. Recognising...

Cargill’s oils business in India has redesigned its packaging by cutting down on the amount of raw plastic used across all products. In association with Dow Chemical, the business reformulated its plastic material, making 90% of its plastic packaging recyclable. The business is committed to promoting a sustainable environment by reducing raw plastic usage in...

Philanthropy is an age-old concept that has benefitted millions of people across the world. Spanning a range of crucial social issues, philanthropic causes have long since brought notice to and increased participation for the same. Earlier philanthropic activities were carried out solely by the wealthy, in the form of monetary donations. While well-meaning, this...

With rising concerns around climate change, environment protection, ever-increasing pollution levels, and waste management, the role of new-age corporate businesses in addressing social challenges and promoting ethical business practices is gaining significant importance. Keeping this as the focus, the School of Business Studies at Sharda University-hosted the 6th International Conference on CSR & Sustainable Development...

A new study published in the Harvard Business Review has said that the corporate boards that include women are more likely to exercise a beneficial, moderating influence on male CEOs. It has been noted that overconfidence is the key factor that drives CEOs — predominantly male CEOs — to underestimate risks and make rash decisions with negative...

Corporate Social Responsibility... this term has become synonymous with organizations championing external social causes. I truly believe that a lot of good has come from it. But I also believe that in India it is high time that we start considering our own employees’ safety as part of the Corporate Social Responsibility programme. And...

Of late, corporate social responsibility (CSR) and the broad concept of philanthropy have gained increased attention where businesses commit themselves to give back to society. The success of CSR projects depends on how well-coordinated they are. To increase the success of charity projects, companies should endeavor to involve their workers by encouraging them to volunteer in...

Supporting Prime Minister Narendra Modi's efforts towards a clean and green India is Chrome Pictures, a Mumbai-based production house behind the Bollywood blockbuster, Badhaai Ho. Its management is making a conscious effort to ensure that their offices, studios, and film sets are being adapted and improvised in order to minimise single-use plastic. Says co-founder Aleya...

Tupperware, a well-recognized and loved global brand based out of Orlando, US, has announced that it will switch to 100% recyclable paper-based compostable packaging material in India. After 6 months of thorough research, evaluation of options and initial testing in India and select international markets, the brand is ready to switch from single-use plastic...