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As 2020 comes to a close, we’re taking a moment to reflect on what has been a challenging year. From the pandemic and its corresponding economic downturn to an overdue reckoning with racial justice, an increasing climate change crisis and one of the most important presidential elections of our lifetime — this year has caused seismic shifts in how we operate at home and work.
However, we’ve also seen many bright spots this year. Many used the urgency of the moment to take fearless actions that they might not have taken at other times. Individuals showed up for their communities in a number of ways. Increased voter participation, focus on neighborhood establishments and virtual volunteering are just a few examples. And despite being faced with unmatched challenges, many CEOs and corporations sought to prioritize their many stakeholders in responding to the difficulties of this year and beyond.
This week our CEO Jean Case shared her digest of 10 companies that exemplify the movement towards stakeholder capitalism and met the urgent needs of 2020 — from Lowe's to H.E.B. and Patagonia. We know that there are many more examples of companies supporting both the bottom line and varied stakeholders, so feel free to leave a hit reply and share other examples that you’ve seen this year!
PS - Breaking Good will be taking a break (ha) and will return to your inbox on January 8th. Wishing you and yours a lovely holiday season!
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| Impact Investors Are Wonking Out on Policy |
| The US Impact Investing Alliance announced a list of recommendations for the incoming administration on how to bolster community investing to tackle inequality and how to advance stakeholder capitalism to restore American economic leadership. |
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| How to Talk to Your CFO About Sustainability |
| As companies scrutinize budgets threatened by the pandemic, two NYU Stern Center for Sustainable Business scholars recommend CFOs deploy a Return on Sustainability Investment analytic method to help improve organizational finances and value sustainability investments on the impact they create for stakeholders. |
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| INCLUSIVE ENTREPRENEURSHIP |
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| Silicon Valley Is Wrong About Black Women Entrepreneurs |
| Serena Williams, professional tennis player and founder of Serena Ventures, writes an op-ed in CNN Business pushing venture capitalists to expand their networks to include Black female founders and focus on hiring fund managers who have access to a more diverse network. |
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| Influencing Young America to Act — 2020 Year in Review |
| Throughout 2020, Cause and Social Influence conducted six surveys and published five Influencing Young America to Act Reports. Download their final report to see how specific actions and influences prompted young Americans to engage on social issues this year. |
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| Podcast: What We've Learned About Leaders in 2020 |
| This episode of Leadership Next, hosted by Alan Murray and Ellen McGirt, revisits conversations from top CEOs including IBM's Ginni Rometty, Sanofi's Paul Hudson, and Salesforce's Marc Benioff in order to uncover some of the big trends that emerged this year. |
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