Global Stories

PepsiCo’s ‘Change the Game’ campus challenge invited millennials to share innovative business ideas for sustainable plastic packaging and recycling, in line with the company’s Performance with Purpose vision. The India winners, Tushar Vishnoi and Utkarsh Garg from IMT Ghaziabad, went on to compete with winners from other regions at the final round in Dubai and...

The world is becoming more socially and environmentally conscious. The people are willing to make some changes in the way they live, travel and invest, to reduce the damage they cause to the environment or society. This shift was observed profoundly in 2007 when the European Investment Bank issued its first green bond, a...

About half of all the food produced in the world ends up in the trash, accounting for about 60 million tons of food. Applying circular thinking to food waste in conjunction with construction waste could mean pouring less produce into landfills while simultaneously making building materials that are recyclable to keep construction waste out...

Microsoft's Indian-origin CEO Satya Nadella will be among the co-chairs of the 2019 edition of the ongoing World Economic Forum in Davos, Switzerland. Indians at Davos 2019 There will be a total of 130 Indians at Davos 2019, more than China’s 109. Madhya Pradesh Chief Minister Kamal Nath, Union Commerce & Industry Minister Suresh Prabhu, Andhra...

CSR is gaining more and more importance in the business world. The companies with a good CSR strategy in place have a distinct competitive advantage. Consumers prefer products and services by socially responsible organisations even at a higher price. The companies have started to have CSR budgets to leverage this trend. However, many times...

To date, there is no unified worldwide definition for corporate social responsibility (CSR). But most definitions agree that CSR for businesses means the way they run their operations responsibly by safeguarding the well-being of workers and their families, ensuring economic prosperity, improving the life of the local community and protecting the environment. Most successful businesses...

Corporate Social Responsibility (CSR) is a deciding factor in where consumers buy, and job candidates apply. Simply put, CSR is the way in which businesses take responsibility for their social and environmental impact. According to researchers in Atlantic Canada, companies that have CSR practices embedded in the core of their business are more profitable...

The EU, the International Labour Organisation (ILO) and the Organisation for Economic Cooperation and Development (OECD) have joined hands to launch the 'Responsible Supply Chains in Asia' project. “The project aims to promote responsible supply chains in increasing corporate social responsibility/ responsible business conduct system with regards to decent work, environmental sustainability and respect for...

Bangladesh is the world’s second-largest garment producer after China. The country’s $30 billion industry employs an estimated four million people, of which 80 per cent of them are women. These workers are among the worst-paid in the world, according to a compensation report released by the Fair Labour Association (FLA). The minimum wage was hiked...

Foreign investors who are members of the Overseas Investors Chamber of Commerce and Industry (OICCI) have invested in excess of Rs20 billion during the past 12 months in the socio economic development activities in Pakistan. Giving details, OICCI President Irfan Wahab Khan informed that “the OICCI CSR Report 2018 has been issued highlighting extensive financial...

Employees working for companies with strong corporate social responsibility (CSR) programs tend to find their jobs more meaningful, boosting engagement. And that impact is up to 20% stronger when workers are given a say in corporate CSR activities, according to a new study conducted by the University of British Columbia (UBC). “Employees’ sense of meaningfulness and...

The private sector in Malaysia is encouraged to organise more corporate social responsibility (CSR) programmes, especially ones involving education aid to help underprivileged students. Johor Housing and Rural Development Committee chairman Dzulkefly Ahmad said the CSR programmes could also give the students a chance to pursue their education in a comfortable manner and continue enriching...