Conscious Giving Is Better Together

first_imgThere is no muscle memory to writing a check. We forget about it just as soon as it’s cashed and unfortunately, we’re often too busy to even notice. But the people suffering without food, water or decent shelter do notice and it’s time to put an end to unconscious giving.I started my conscious giving experience with Loaves & Fishes, an organization in Northern California that feeds folks in need. Conscious giving is the idea of being an active participant in service – not just giving money, but by actually doing something. It didn’t take long for me to realize the difficult tradeoffs the people coming to Loaves & Fishers were facing. Their own funds could cover their utility bills or warm meals – not both.That year, rather than do another round of typical team building events with my EMC team, we closed our office for the day and spent time helping to feed members of our community who were in need. Not only were we doing something good for others, but we were doing something good for ourselves. The experience helped us grow closer as colleagues – working together to make a meaningful impact.Shortly after it occurred to me that if an exercise as simple as donating a few hours could excite, invigorate and motivate a group of 60 employees, then why couldn’t we invite the participation of a larger constituency of our customers and partners?Later that summer I ran a fundraising event that involved 250 EMC employees and 375 current and prospective customers and it changed the way people saw our business in our territory.It demonstrated that we have a great business dynamic. Not because we give time and money ourselves, but because we looked to our stakeholders who are just as interested in doing good in their local communities to join the effort. Conscious giving is better together!This year, we’re going big with an employee-led initiative called EMC Gives Back. With a focus on two of the world’s most basic and greatest human needs – food and water – we are committed to making meaningful and lasting social impact and to encouraging participation from our customers and partners as well.To kick off our program, we’re partnering with charity: water a non-profit organization that brings clean and safe drinking water to people in developing nations. The charity: water model is founded on 100% of public donations going straight to the field, working with strong local partners on the ground to build and maintain water projects and proving water projects through reporting.If you’re attending EMC World from May 5 – 8, be sure to swing by the EMC Gives Back Experience in the EMC Village. Not only will you learn about how to get involved, but you’ll be able to take part in a Waterwalk, a short walk carrying two 40-pound jerry cans full of water, something that women and children in developing nations do for hours each day to obtain water from a clean water source.For every walk that an EMC World attendee completes, it will unlock a donation to fund clean water wells in Ethiopia. Additionally, on May 8th, charity: water CEO and Founder, Scott Harrison, will be delivering a heartfelt keynote about social entrepreneurship that is not to be missed.EMC Gives Back builds upon our company’s existing corporate social responsibility efforts. We are proud to have been recognized as #1 for social impact and global competitiveness among computer companies in Fortune’s Most Admired 2014.I look forward to seeing how the program evolves over time and I said it once already, but it is truly worth repeating – conscious giving is better together!last_img read more

Climate change: PKA chief urges business backing for €1.6trn investment push

first_imgA UBS office in ZurichHowever, it said they needed to better articulate how their business strategies were resilient to climate change. More than half of the 50 companies it engaged with did not detail the possible long-term impacts of global warming on their businesses, it said.The asset manager said the companies could also improve the availability of data on direct and indirect greenhouse gas emissions and the clarity of reduction targets. Just over half of the companies validated emissions data independently, and 12 had set “what they believe are science-based targets’.The asset manager also said the companies could “increase exposure to renewable energy”.UBS Asset Management launched its climate change engagement in September 2017, deciding to focus on energy and utility firms because power generation accounted for 42% of global greenhouse gas emissions.Taking stock of the initiative so far, the asset manager said collaboration with other shareholders and with senior company management was “fundamental to ensure a consistent message from the financial community and to support sustainable change”.UBS Asset Management led engagement with Equinor as part of its membership of Climate Action 100+, an initiative bringing together investors with more than $33trn (€26.7trn) in assets under management to try to drive change at large corporate greenhouse gas emitters. The Norwegian oil and gas company agreed to pursue a business strategy consistent with the Paris Climate Agreement. Candriam to offset asset management business’ carbon output Damgaard Jensen said: “The report clearly shows that if we do not deal with climate change, it will result in great costs both humanitarian and economic. It requires us to work together across governments, civil society and, not least, the private business community.”Damgaard Jensen – who has been appointed by Denmark’s Ministry of Foreign Affairs as the country’s representative in the Global Commission on Climate Change – said the private sector played a key role in the fight against climate change through supporting and financing the necessary restructuring. Governments alone could not solve the problem, he said.He cited examples of investment in green infrastructure and micro-loans for the world’s poorest farmers as ways the private sector could help those most affected by climate change.UBS urges better communication over climate changeUBS Asset Management has found energy and utility companies it engaged with on climate change to be responsive and “broadly producing positive disclosure”, according to an update on its climate change engagement work. The €36.8bn fund cited conclusions from a report from the Global Commission on Climate Change, which was produced with the co-operation of the fund’s chief executive Peter Damgaard Jensen (pictured).The report concluded that DKK12trn (€1.6trn) must be invested by 2030 to deal with some of the most pressing consequences of climate change. It also predicted that this investment could yield nearly DKK50trn in savings through more efficient communities and savings on prevented natural disasters and famines. Danish pension fund PKA has called for businesses to help finance the changes needed to tackle climate change. Candriam has cut by half the carbon footprint from its paper usageCandriam has announced plans to offset the carbon emissions from its asset management activities as part of a proactive corporate environmental strategy.The €125.3bn investment house has partnered with South Pole, a sustainable business consultancy, to explore ways to offset its estimated carbon output of 9,400 tonnes a year.In a statement, Candriam said it had been working to reduce the environmental impact of its operations for the past five years, through initiatives such as cutting the carbon dioxide emissions of its company vehicles and halving the carbon footprint of its paper consumption.“South Pole will invest in carbon offsetting projects such as reforestation, renewable energy and energy efficiency schemes on Candriam’s behalf,” the asset manager said.last_img read more