Posts Tagged ‘environmental values’

Doing good doesn’t drive business giving in US

Private companies in the US tend to be more generous than companies in other countries in giving to charity, according to an international survey discussed in the June issue of Inc. magazine. Companies in all surveyed countries are primarily motivated by promotion of employee recruitment and retention; however, private US firms are much less likely than their international counterparts to be motivated by “saving the planet.”

The survey’s supervisor believes employees are commonly the ones pushing their employers to donate to charities and support community service. So employers, seeing this desire among their workers, figure giving is a good way to keep and attract employees. The survey spokesman was surprised that “saving the planet” did not rank higher as a motivation in the US.


I’m not surprised by the finding, but I hope the next survey reveals some changes. The drive to give must come more from the top than the rank and file. Only then will we see the giving continue and expand. And along with that, US business owners and senior managers must accept the challenge and need to do the right thing for our planet. Not that employee retention and recruitment isn’t important. It is. But giving out of concern for the planet signals to all of your stakeholders that you recognize your organization has social and environmental responsibilities. The reward is inherent in the action of taking responsibility, not in the profits, or even the retaining of employees.

I don’t have other studies at my fingertips to prove this, but I believe companies whose owners and leaders operate from a place of commitment to the common good will also enjoy the greatest employee loyalty and generate more interest among desirable employee prospects. These social and environmental values need to start at the top and be embedded in all aspects of a company’s behavior and practices. Giving to charity or community groups flows naturally from the values of a triple-bottom-line company: people, planet, profits. 

That businesses give back to their communities, even for selfish reasons, is a good thing. But when the majority of business employers are motivated solely or primarily by their employees to do good, we have a serious misplacement of values at the top. We need business leaders to embrace their responsibility to the common good and become committed and active citizens of their communities and the world at large. Until many more do, there will be no solving the daunting social and ecological challenges in front of us.
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Friday, June 27th, 2008
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Posted in Business & Economics, Climate Change, Sustainability | No Comments »

The accidental benefit of higher gasoline prices

There’s going green. And then there’s saving green. We’re seeing the difference now as gasoline prices climb over $4 per gallon. 

In the post-“Inconvenient Truth” era, many Americans are finding ways to drive less or volunteering to trade in their gas guzzlers for gas sippers to do their part for the environment. That’s going green. Lately, people are selling gas hogs and driving less for a different reason. To save green. Whether the motivation is to save the environment or to save money, the results are the same: fewer gallons of gas consumed and fewer greenhouse gases emitted. 

But the environmental benefit rarely gets mentioned when reporters cover the broader economic and personal financial costs of expensive gasoline. As much as it pains me to say it, an economist quoted in the New York Times is probably right when he says:

“Al Gore came out with a movie called ‘An Inconvenient Truth’ in 2006, when Hummer sales were still good. The inconvenient truth, in fact, is that prices are what matter. With gas prices soaring, Gore is going to get his collapse in Hummer sales, not because people went green, but because they wouldn’t spend the extra green to buy the gas.” 

 

My hunch is a lot of Americans have wanted to do the right thing for our warming climate by downsizing their automobiles, but have waited for financial incentives. When gas was closer to $3, the incentive wasn’t great enough. At $4 and climbing, it is.

Sustainability marketers should take note. There are a certain number of eco-minded customers who choose the environment over saving money. But most customers are guided by their pocketbooks and probably always will be. In the case of gasoline, they find ways to consume less, so they can save money. Period. The environmental benefit is unintentional or, at best, icing on the cake. 

Not that enviros should be complaining that Americans drove 4.3 percent fewer miles in March 2008 than March 2007. We’d just all feel a lot better if we knew environmental values, more than economic reactions, explained the drop. Maybe then, we’d trust that Americans are serious about fighting climate change. 

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Monday, June 2nd, 2008
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Posted in Business & Economics, Climate Change, Marketing, Sustainability | No Comments »