21st Century Business Act I Loi sur l'entreprise du 21e siècle

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A guest essay in the NY Times by Andrew Kassoy: "OpenAI has responded to these concerns by saying it will become a public benefit corporation. A benefit corporation is a traditional for-profit company with one key difference: It is legally obligated to balance profit with purpose. Public benefit corporation leaders and boards must consider workers, customers, communities and the environment, not just shareholders, as in a standard corporation. (...) Yes, becoming a public benefit corporation will give OpenAI’s board the ability to make decisions that consider the long-term interests of society and the planet, in addition to its balance sheet. But that should be table stakes for any A.I. company. Public benefit corporations are required to balance the impact of their business decisions with a broad set of interests. (...) However, the company can’t do that if it is beholden to investors whose main measure of success is their investment return. Furthermore, the future of humanity shouldn’t have to rely on unaccountable executives such as Sam Altman, OpenAI’s chief executive, to know if the company is living up to its stated principles."

Today marks the beginning of Second Reading of Bill S-285 in the Senate of Canada | Sénat du Canada. Keep following for more updates! C'est aujourd'hui que commence la Deuxième Lecture du projet de loi S-285 au Senate of Canada | Sénat du Canada. Continuez de nous suivre pour d'autres nouvelles!

While not specifically requiring that they reach net zero, the 21st Century Business Act I Loi sur l'entreprise du 21e siècle would expand the fiduciary duties of corporate directors and officers to cover social and environmental impacts. Addressing climate change would no longer be an optional, financial risk-based decision by individual companies, but would instead become an integral part of the duties of corporate boards.

Great panel yesterday on How to make the SDGs consequential for business, at the NYU Stern School of Business. The 21st Century Business Act I Loi sur l'entreprise du 21e siècle featured prominently in discussions of the policy interventions required to truly move the needle on impact disclosures and sustainability. Special thanks to Randi Kronthal-Sacco, the Global Reporting Initiative (GRI), the World Benchmarking Alliance and GlobeScan for the invitation, and many thanks to panelists Julie Miville-Dechene, Malu Pinto e Paiva, Peter Paul Van De Wijs, Sebnem Sener, David McKean and Gabriel Presler for a very insightful conversation.

Does increased #corporatesustainability reporting actually improve sustainability performance? Absolutely, it does! Recent analysis from the World Benchmarking Alliance and the Global Reporting Initiative (GRI) offers compelling evidence of a positive correlation between increased company reporting and improved sustainability benchmark scores. Why is this important? During next week’s #UNSummitoftheFuture a lot will be said about the #SDGs not being met and the need for businesses to step up. Knowing that mandating impact reporting is a powerful tool that can be used by member states is important. Is that enough to get the SDGs back on track? No. But it is an important start and it will allow the effective measuring of the progress made by the corporate sector. And the reported data will help inform capital allocation decisions that do drive more significant change. So, to quote Richard Gardiner: "it’s time for businesses and policymakers to stop thinking of corporate reporting merely as a 💲cost. Instead, they need to see it as a critical short-term investment for long-term gains, driving real progress toward achieving the #SDGs." A big thank your to Danileen Kristel Parel for the excellent research and to Margarita Lysenkova for help help in managing the project and editing the report! 📖Read the full report here ➡ https://lnkd.in/eFcJpW2e #corporateaccountability #CSRD #corporatereporting #impactreporting Chris CoulterGerbrand HaverkampCarol AdamsCristina Gil WhiteStefano GiacciCatherine Sharp-Aouchiche

Want to know how to make the #SDGs consequential for business? Join us next Monday and listen to the interesting insights from: * Senator Julie Miville-Dechene, Canada * Malu Pinto e Paiva, executive VP Sustainability, Vale, * David McKean, executive director International Corporate Accountability Roundtable, * Sebnem Sener, Head of Private Finance for SDGs, Sustainable Finance Hub, UNDP * Chris Coulter, CEO, GlobeScan * Gerbrand Haverkamp, Executive Director, World Benchmarking Alliance * Randi Kronthal-Sacco, Senior Scholar at NYU Stern Center for Sustainable Business During this thought provoking event we aim to discuss what is needed to engage businesses and the UN on creating a consequential norm for business behaviour that will support sustainability and change behaviour. Why? Because we are not making enough progress towards the SDGs. In July UN Secretary-General António Guterres stated very well the severe consequences of inaction towards achieving the SDGs : “The takeaway is simple: Our failure to secure peace, confront climate change, and boost international finance is undermining development. We must accelerate action for the Sustainable Development Goals — and we don’t have a moment to lose.” 📅 September 23, 12:00 - 2:00 PM EST 📍 NYU Stern Center for Sustainable Business 👉 Registration: https://lnkd.in/dcqZ6CYM Richard Gardiner | Kelly Ross Camila Corradi Bracco Alison Taylor Jérôme Lussier #Sustainability #CorporateSustainability #SustainableDevelopment #UNGA79 #ClimateWeekNYC #UNSummitOfTheFuture

Thank you for the informative blog, Akinwumi Ogunranti, and to the Dalhousie University - Schulich School of Law for the publication.

I feel as if this might be the most important issue we have tried to tackle at The Shareholder Commons. Almost all the proxy advice out there is designed to optimize the value of individual companies where proxy votes take place, even though that advice can be catastrophic for the interests of most shareholders, who are diversified and dependent on the social and environmental systems that companies put at risk when they maximize internal returns through extractive practices, from emitting too much carbon to allowing human rights abuses into their supply chain. It's time to vote the hell out of your portfolio. Laura D. Mahlet Getachew Ben Cushing Anandi Somasundaram Tracey Rembert Nadira Narine Brad Lander Adam Kanzer Grace Eddy Maria Elena Anker Elena Botella Danielle Fugere David Rouch Josh Zinner Conor Constable Paul Hunter Sanford Lewis Sloane Ortel Luke Fletcher Christopher Marquis BlackRock State Street Vanguard Fidelity Investments Brittany Blanchard Goad Robert L Berridge Delilah Rothenberg William Burckart Monique Aiken Susheela Peres da Costa Brynn O'Brien