Business Ethics magazine has just released its 100 Best Corporate Citizens for 2006. Although limited to US firms, the list still makes fun reading. Companies that have suffered scandals in the past see efforts to restore the reputations paying off – note Nike rising to #13 in the list. Who was number one? Green Mountain Coffee Roaster of Vermont.
In Chile, a novel training program pairs business-school students with low-income entrepreneurs in a mutually enriching partnership. They have realized that beyond just financing, mentorship and training are sometimes needed for entrepreneurs to get started in the right direction.
University of Chicago and Northwestern
are teaming teamed up for a solid one day event on April 21st, Microfinance at the Crossroads. An impressive mix of public, private and NGO speakers, including Andre Laude from the IFC. Though I wish they hadn’t divided the breakout sessions into ‘finance’ and ‘impact’ tracks. One of my qualms with microfinance is that people divide it into this pro-poor vs. for-profit dichotomy.
Morgan Stanley chief economist Stephen Roach discusses some surprising data emerging out of a recent Gallup poll in China. He sees amazing potential - once some key constraints are overcome. Mainly the urban-rural gap and building a new safety net.
According to the latest McKinsey Global Survey, top global executives believe that the growing number of consumers in emerging markets (and the resulting changing consumer tastes) will be the most important trend for global business during the next five years.
An independent Commission on Growth and Development was launched last week with the support of the World Bank, the Swedish, Dutch and UK Governments and the William and Flora Hewlett Foundation.
Not basketball or soccer nets, but mosquito nets. The latest from uberfamous sports journalist Rick Reilly:
We need nets. Not hoop nets, soccer nets or lacrosse nets. Not New Jersey Nets or dot-nets or clarinets. Mosquito nets. See, nearly 3,000 kids die every day in Africa from malaria. And according to the World Health Organization, transmission of the disease would be reduced by 60% with the use of mosquito nets and prompt treatment for the infected.