By Joy Frascinella, head of PR at the Principles of Responsible Investment
Responsible investment has steadily moved from the periphery to the mainstream over the last decade. This is because an increasing number of companies and investors acknowledge that looking at environmental, social and governance (ESG) issues translates into myriad advantages, from improved staff performance to better returns.
By Patrick Spencer, Head of Work and Welfare Unit at the Centre for Social Justice
In his Budget, the chancellor Philip Hammond announced forecasts from the Office for Budget Responsibility (OBR) that the British economy will grow by 1.4 per cent in 2018, below previous forecasts of a 1.6 per cent expansion.
The reason? “Regrettably, our productivity performance continues to disappoint,” said Philip Hammond.
By Sam Knowles, Founder and Managing Director of Insight Agents
In a Sky News debate during the EU Referendum Campaign, the aide de camp in the Vote Leave group, Michael Gove, told Faisal Islam: “I think the people in this country have had enough of experts … experts out of organisations with acronyms, saying that they know what is best and getting it consistently wrong.” If you have the stomach for it, it’s worth watching again, here.
Together with a couple of others, I have recently launched a campaign called Apology Clause, which we have conceived, created and will run on a pro bono basis.
The campaign aims to make it easier for businesses to behave with compassion when things go wrong, and thus for victims to have better recoveries.
Research from Ipsos Mori, the market research company, indicates many in politics and the media believe that businesses have a licence, or even an obligation, to speak out on important, and perhaps controversial, socio-political issues.
But if companies are considering taking a stand on a big social or political issue, what do they need to consider to get it right?
Capitalism is under threat and companies now face a more hostile environment in which to do business than at any time in the last 40 years.
A study by the Legatum Institute, a think tank, and Populus, the market research company, found that there is widespread support for Labour’s nationalisation agenda and much less support for free enterprise. For advocates of free enterprise, anyone who runs a business, and, as should be the case, is merely employed by private enterprise, the report makes sober reading.
The big bad wolf is the archetypal menacing predator. Preying on the weak and vulnerable, he has few, if any, redeeming features. For many, this is how they see big business. Recent research by the Legatum Institute showed that the British public holds an unfavourable view of ‘capitalism’ as a concept, viewing it as ‘greedy’, ‘selfish’ and ‘corrupt’. A vast majority, according to the research, would like to see many industries, and the big businesses within them, nationalised.