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Why and How to Be a B Corp or Benefit Corporation
The purpose of a business consists of setting a concrete goal that has a social, ethical, or cultural meaning for society in general, that goes beyond financial performance. B Corporations and Benefit Companies are businesses that attempt to combine financial success with the protection of the environment or all of their stakeholders. Born in the United States, these companies are also spreading widely ...
The 2030 Agenda: An Appointment that Regards Us All
The 2030 Agenda represents a great opportunity for transformation starting from the principle of "sustainable development." It is the occasion to review the economic model we have used over the last 40 years and move on to a more advanced form of capitalism, that respects both the environment and social and intergenerational justice. Redefining the value chains of all production sectors in sustainable ...
When a Trademark Transforms the Value Chain
Those who work as CEOs today deal with sustainability every day, in every decision they make and every action they carry out: from the management of factories to innovation, from human resources to communication. Each company should be based on a single purpose, given by the integration of its own purpose and a social purpose. This integration between economic and social mission defines a clear model ...
ESG Ratings: Love Them or Hate Them?
In a context of growing investor interest for businesses attentive to the social and environmental risks of their activities, ESG ratings have emerged with the function of identifying and selecting companies in line with new market expectations. ESG controversies, the news disseminated by the media on the environmental, social, and governance aspects of companies, could represent a measure of real ...
The Centrality of Corporate Governance
To obtain the "sustainable success" that by now represents the principle of reference of the new corporate governance code for listed companies, large enterprises and SMEs must initiate a true process of change able to involve business, governance, and corporate strategy. The growing pressure from ESG investors, the size of companies, and the presence of independent board members are key elements ...
From Competition to Collaboration
The systemic crisis of 2007-2008 also marked the crisis of the paradigm of competition and of the primacy of financial interests over the common good, social cohesion, and environmental justice. It is indispensible to recover and re-establish an authentic principle of collaboration, that leads to inclusive business management, oriented towards stakeholders. The principle of collaboration is deeply ...
(Ir)responsible Businesses
During the course of recent years, a view has taken hold that has gradually shifted the attention of businesses from shareholders to stakeholders, both inside of companies (workers) and outside as well (civil society). Businesses have taken on additional responsibilities and aims with respect to purely financial goals, extending their range of action to activities directly or indirectly linked to ...
Italy-China Cooperation: Analysis of a Case of Stakeholder Management
Starting in 2015, in order to seize the opportunities coming from the international markets, grow in size, and achieve economies of scale, the management and shareholders of Pirelli decided that it was possible to allow the Chinese giant ChemChina to acquire a significant stake and exercise influence over the company's decisions.#The ChemChina-Pirelli case could represent a true benchmark for other ...
Value Strategies and Cost Deductibility for Intragroup Services
The internationalization of activities is one of the most effective strategies able to generate value for business. Multinational enterprises are able to do so exploiting economies of scale, economies of scope, and geographic diversification, in order to reach the best performance along three key determinants of value: current efficiency, risk management, and innovation and learning. The intersection ...
New Bureaucracy? Make Way for Youth
Policies blocking turnover have caused a resizing and aging of the Italian public administration, raising the need to rejuvenate and upgrade the bureaucratic machine. To that end, it is essential to invest in processes of attraction and selection of young talent, competing in the labor market with private businesses. International experiences show the effective introduction of active recruitment strategies ...