Post by account_disabled on Mar 7, 2024 4:04:06 GMT
And progress on employee and community issues. The report reveals that hp provided 6.3 million personal computers to schools around the world in 2019 and when schools began to close due to the covid-19 pandemic, the company partnered with organizations such as time for kids, nasa and britannica to bring educational resources to consumers at home. Hp estimates it has Country Email List reached more than 28 million students since 2015 and strives to help another 72 million over the next five years. It also discloses the diversity figures of hp's own workforce. 42% of the company's board of directors are women and 58% are from minority groups, according to the report, while 40% of all us hires in 2019 were from minority groups. While hailing this progress, hp admitted that it “must do better” in hiring and promoting black staff, particularly in light of the growing black lives matter movement. It has set a goal of doubling the proportion of black employees on the board within five years and has reaffirmed its commitment to the ceo action on diversity and inclusion. Hp's culture has long been based on the belief that how we do things is as important as what we do.
Recent events have exposed the systemic racism and deep inequalities that remain a stain on society and it is imperative that all businesses act urgently on all fronts. It is especially important that companies take responsibility and publicly report on their progress.Take a minute of your time to look at your company's ceo's statement in your latest corporate responsibility report. Put the brilliantly designed esg infographics out of your mind and think: could you safely say that the corporate governance approach is actually creating value across the organization? The sustainable development goals (sdgs) can help us chart a path out of the current socioeconomic crisis, towards a more resilient and regenerative future. At this point, you may be thinking: our company has already discovered our corporate governance approach . Well, before you get too comfortable, not all esg approaches are created equal. In a recent sustainable brands post, geoff kendall, co-founder of future fit, explained how his team has examined hundreds of sustainability reports in recent years. They found that when it comes to addressing the sustainable development goals, the approach follows one of three common patterns: defensive, selective and holistic. Defensivo = business as usual as the name suggests, this approach focuses on upholding business as usual.
It tells a nice story about what the company is already doing on issues related to the sdgs, but it does not look for opportunities for change. For example: a company that already has the goal of reducing its greenhouse gas emissions could claim that it is aligned with sdg 13: climate action . However, most of its current objectives are quantitatively very far from the rapid decarbonization trajectory that is needed for the global fulfillment of said objective. Another company might say it is contributing to sdg 8: decent work and economic growth , simply because it is creating jobs. What happens if these jobs pay less than a living wage, if the working conditions are inadequate, or if there is simply discrimination? Emphasizing storytelling over action simply justifies business as usual , which is what got us into this mess in the first place. A defensive approach that links corporate responsibility reporting to the sdgs may appeal to ceos who still believe in the shareholder value-first truism , whereby companies only exist to deliver financial returns. However, defensive reports lack ambition and authenticity, and only leave companies open to accusations of social washing.