Tag Archive for ‘Labor Standards’
“We live not just in a global economy but in a global supply chain,” says international labor expert Richard Locke. “The most important thing is to educate consumers, especially in large markets, so they understand that the choices they make have implications for issues of living standards, working conditions and justice in the factories that produce most of the things we buy every day.”
The world’s largest retailer last month released a list of more than 200 factories it said it had barred from producing its merchandise because of serious or repeated safety problems, labor violations or unauthorized subcontracting. But at least two of the factories on the list have continued to send massive shipments to Walmart stores in recent months, according to interviews and U.S. customs records.
A growing number of chief financial officers are increasingly involved in environmental and social initiatives that not long ago were totally divorced from their company’s income statements or balance sheets. At The Walt Disney Company, CFO Jay Rasulo says combining corporate citizenship with financial oversight “allows us to integrate our work in citizenship with the other financial strengths of the company. And if I’m successful in doing that, I believe I’ll actually create even more value for our shareholders.”
While daily news headlines can sometimes make it easy to assume that big business is incapable of doing good in the world, contributor Christine Bader argues that there exists a “global army” of Corporate Idealists hard at work on a host of environmental and social issues. She offers the beginnings of a Manifesto to help support that army – “an outline of the principles and actions that will help us better align the interests of business and society.”
The company says it conducted on-site audits at 102 facilities in 2009, up from 83 in 2008, and trained 133,000 workers, supervisors and managers, a sharp increase from 27,000 a year earlier.