Consumers are becoming more eco-conscious and little by little, investors are too. A company that shows regular profits might look like a sound investment, but if that company engages in irresponsible practices that are likely to create an environmental catastrophe, investors should know about it. Not only would investing in that company promote irresponsible behavior, it might well yield poor returns when the company finds itself facing multiparty lawsuits.
Guests Marjorie Kelly and Allen White go into more depth on their efforts in Corporation2020 to redesign the corporation. They discuss the need to realign the purpose of the corporation so that it does not undermine societal well-being, and how to ensure that corporations do not undermine human rights — ending the fiction of “corporate personhood” that has enabled corporations to undermine politics and public policy. The show also includes recent success stories in Humboldt County, CA and Franklin County, PA.
Marjorie Kelly, former editor of Business Ethics, and Allen White, a founder and former director of the Global Reporting Initiative, have organized an effort to redesign the corporation. Their new organization, Corporation 2020,brings together business people, experts, academics, investors and stakeholders to reconfigure the corporate form — one in which private interests would be harnessed for, and subservient to, the public good.