When Shopify’s founder and CEO, Tobi Lütke, found himself caught in a lose-lose dilemma, he took a decisive action that led to the departure of many senior executives. His staff had engaged in divisive exchanges on an internal Slack channel over the discovery of a noose emoji — an image…

The myopic focus of companies on profits has been criticized in recent years. Mads Øvlisen, the former CEO of Novo Nordisk, explains how the pursuit of a corporate purpose beyond short-term profits, can actually lead to higher long-term profits. By the time Mads Øvlisen stepped down as CEO of Novo…

So many of us receive holiday gifts we don’t want or need. We routinely return them, but where do they go? A new class of companies offers solutions that are both lucrative and sustainable Last year, 10.6% of holiday gifts (about $428 billion in value) were returned, according to McKinsey…

At a time when societies are being ravaged by a pandemic that knows no boundaries and is mutating more dangerously over time, COVID-19 vaccine manufacturers are being given a chance to support the Biden administration and developing countries by waiving their patents. …

Amid calls to reduce their companies’ carbon footprints, business leaders are looking to buy carbon offsets. However, not all offsets are the same. Amazon’s executives likely didn’t know what they were getting into when they committed to net zero carbon emissions by 2040. Reducing carbon tampers with its financial success…

On March 15, 2021, activist hedge fund managers forced Emmanuel Faber out as CEO of multinational food company Danone, arguing that the company was underperforming financially in its dairy and water brands. It is true that Danone’s financial performance had been lacklustre relative to its peers. From the time that…

Corporations have jumped on the net zero carbon bandwagon. Most of these plans read like facts, others like fiction. Here are 3 lessons from Apple and Microsoft’s commitments to assess their credibility. Along with COVID, 2019 also brought a tidal wave of corporate commitments to net zero carbon emissions. Corporate…

Walmart has made some pretty major commitments to reducing its environmental impact. Costco has not. Does this mean that Costco is simply not committed to sustainability? No retailer is in the public eye more than the world’s largest: Walmart. Its annual sales exceed the GDPs of countries like Sweden, Poland…

On May 13, Elon Musk said Tesla would no longer accept bitcoin because of bitcoin’s heavy energy consumption. Yet the company ranks well behind General Motors and Ford in reporting carbon emissions and setting carbon-reduction targets. So how green is Tesla, really? Those concerned with the fate of the planet…