The 2nd day starts off with a conversation with Steve Case, Chairman and Chief Executive Officer of
Revolution and Co-Founder of
America Online, and Jean Case, Chief Executive Officer of
Case Foundation:
Steve: "Philanthropy is more integrated into the core of a company today. They are fighting for talent." Jean: "The world will be better when Philanthropy is not defined by the rich writing checks." Steve: "The greatest contribution we can make is through using technology to provide a platform that would encourage many businesses to give and trigger change." Jean: "the corporate talent need to be matched with nonprofits and technology can achieve that." Steve: "Integration leads to better impact." Steve: "Any new attempts to fuse corps and nonprofits/NGOs are beneficial." Jean on pro-bono work: "put your people out in the community and good things happen." Steve: "a killer app is one that gets people talking to each other."
Interview with Dina Habib Powell, Global Head of Corporate Engagement,
Goldman Sachs , Dr. Ángel Cabrera, President,
Thunderbird School of Global Management and Pat Mitchell, The Paley Center for Media.
Dina: "The
10,000 Women Program (on global development and women empowerment) turned out to be extremely popular among Goldman Sachs employees."
"Educating women has a strong multiplier effect." "If you do philanthropy for the wrong reason, you'll be held accountable pretty quickly." "More and more people, including our clients, are trying to be part of the solution." "14% acceptance rate from all the women that apply to this program: we underestimated the demand." "This is not philanthropy/charity but economic investment in people, particularly women." "CEO commitment is necessary for successful partnerships."
Pat: "Benefits of philanthropy are best realized in a public-private partnership." "So many women are applying for the 10,000 Women Program. Many women are running their businesses on their own with very little guidance and huge risk."
Panel: Job creation The long view
The panelists are talking about:
The role of businesses in tackling unemployment issues
Can businesses play a better role in job creation?
Government and private sector partnerships
Overcoming short termism and focusing on long term health of companies and society
Making the shift from consumption culture to employment cultureLeo Hindery, Jr., Managing Partner, InterMedia Partners: "Businesses never make hiring decision based on tax credits but on certainty." "We lost a lot of jobs; the wages stagnates so long...We need to crawl back up and get back on track to employee-orientated perspective that we seem to have lost in the last decades."
Jim Whaley, President,
Siemens Foundation: "The
Siemens You Can Change the World Initiative aims to tap into the young generations to encourage engineering talent." "There is a shocking lack of engineering students in the US." "The future is in environmental engineering - 26 patents a day." "Job creation is a two-way street. The 'buy American' is not good for Siemens, yet we are still investing in the US...We also need stability...we should know what to expect. Rules can't change every month." "Great talent won't just knock at the door. We need to invest in it through partnerships."
Seth Harris, Deputy Secretary, US Department of Labor talked about job training that aims to match people with jobs with firms.
Speech on People, planet, profits by Chip Pitts, Lecturer, Stanford Law School and Oxford University: "Be aware, care and dare." "The paradign of short-term values has been so dominant in the last decades. That has to change." "No company should be using trans fats anymore given that we know the harm they cause."
Panel: Finance: Restoring trustSteps needed to improve financial literacy globally
Role of stakeholders in financial education and awareness campaigns
Should companies feel a moral obligation to enforce responsible business practices to protect their consumers?
Re-establishing trust between businesses and society in the wake of the financial crisis.
Finding the way towards a banking industry which people can trust
Increasing transparency in the corporations activitiesJed Emerson, Founder,
Blended Value Propositions: "The assumption that the purpose of capital is to pursue the highest return is questioned now." The challenge is for the finance sector to reach a broader awareness and embrace broader purposes of capital."
John Hope Bryant, Founder, Chairman and CEO, Operation HOPE: "This is not a financial crisis, its a crisis of virtues and values." Financial literacy has become a critical civil rights issue." "Financial literacy is a key moral issue." "This is not a recession - it's a reset." "It was easier to be a mortgage officer than a pimp because the latter needed references." "Write letters to your bank CEO and regulator and move your money if bank is irresponsible."
Diana Taylor, Managing Director, Wolfensohn & Co: "Financial institutions should initiate focus on long-term value, not wait for regulators to step in." "Financial education is important." "Loan officers should be paid over time instead of up front so default rates are taken into account."
Mark Standish, President and Co-Chief Executive Officer, RBC Capital Markets "The quality of origination in Canada is much higher than in the US. We should stop using our home as an ATM machine."
The ‘new’company: Jeffrey Hollender, Chief Inspired Protagonist, Co-Founder, and Executive Chairperson, Seventh Generation: "I have a cap on my salary linked to the lowest salary in my company, so I pay a lot of attention to that salary." 'Full-cost accounting (which includes negative externalities) will change consumer behaviors',"We are restoring things back to where they were before the crisis." "Companies missions drive them to do the wrong things: delivering products at the lowest cost possible doesn't align with sustainability goals, e.g. Wall Mart" "Large companies have more influence than all small and medium businesses together and that's a structural challenge"
Interview with Peter G. Peterson, Founder,
The Peter G. Peterson Foundation: 'If your horse dies, I suggest you dismount.'
Panel: Sustainability: The current climateIn the wake of the short comings of Copenhagen, how should businesses move forward
Can businesses achieve accord on plans for climate change investment without world government agreement?
Beyond sustainable production and development, how should companies work together to create private sector partnerships which promote positive change?
What voice should businesses have at the forthcoming Mexico Summit?Jane Nelson, Senior Fellow and Director of CSR Initiative, Harvard Kennedy School
Dominique Conseil, President, Aveda: "CSR is voluntary and constant reinvention at Aveda: 1)cutting energy costs, using wind energy, 2) improving productivity via e.g. increasing road safety 3) working with supply chains to ensure access to organic certifiable herbs; 4) staff retention; 5) as a result, Aveda has became more transparent, collaborative and innovative. Companies shouldn't be expected to replace government in building infrastructure.
Adam Lowry, Co-Founder and Chief Greenskeeper, Method Products
"We need innovators to inspire people. Politics follows business." "Recycled plastic costs more than virgin plastic and this has to change and political will can help there." 'Green is dead...sustainability is already part of the quality of a product.' 'Businesses need to continuously adjust to the changing preferences of customers."
Steven Cohen, Executive Director,
The Earth Institute, Columbia University "Nobody comes to New York to study environment but people need to be educated anyway. The best example is NYC mayor, Michael Bloomberg who has embraced sustainability after being rather distant from the area."
Speech by Charles Best, Founder, DonorsChoose.org: a cool way to donate to classrooms around the country. Crate and Barrel was the first client and Sonic followed. "This project illustrates the power of crowdsourcing and integrating your charitable giving directly into the product."
Panel: International aid: Striking the balance
The role of businesses in addressing international aid concerns
Re-directing aid flows towards business and entrepreneurial opportunities
Increasing public-private partnerships
The impact of these partnerships in emerging market countries
Matt Lonner, Manager, Global Partnerships and Programs, Chevron; President, Chevron Foundations: "We rely on partnerships on delivering our aid. They take a lot of work. We bring expertise to the table, not only dollars." "Philanthropy vs. development" "nothing is as important as building capacity. A brand new school is nothing if you don't have good teachers."
Susan Smith Ellis, Chief Executive Officer,
(RED): "When there are so many good initiatives in place, it isn't very effective to start your own thing. Need to put ego aside and become open to collaboration." "Using your expertize and best practices to solving a certain problem is a great contribution." "People won't buy a product just because you painted it red and people need to believe in order to stand by your product." "Being a small company, we leveraged big companies with excellent marketing."
Gary White, Co-founder and Executive Director,
Water.org: "We help philanthropy funds reach the needy via micro-financing." "We aim to correct the existing market failure through providing access to small loans." "We came to PepsiCo and they found water a strategic philanthropy opportunity. PepsiCo recognized it as a smart idea; using credit instead of charity is more sustainable." "Microcredit requires a very solid business plan. Business acumen is crucial in this sector." "Democratization of information is among our areas of focus. This has the potential to touch the poor broadly." "We need to bring the price of water down through conservation." "Gaining access to water is the first step in climbing the social ladder for a lot of poor of the world."
Speech on creative capitalism by Scott Griffith, Chairman and Chief Executive Officer, Zipcar"Creative capitalism, a term introduced by Bill Gates at Davos World Economic Forum. In the term "CSR" the social is the important word. Doing well by doing good will become the standard policy in the future. Important forces that will make this happen: 1)Conscious consumers; 2)Access to information and social web; 3)Emerging technology platforms such as IPhone. A new application can access millions and achieve a great impact. All this has the potential to unleash significant and innovation."
Jonathan M. Tisch, Chairman and Chief Executive Officer, Loews Hotels: "Customers and employees are very important. While the bottom line is important, you also have to deliver on the brand promise. Respect and have an appreciation for what all your employees do." "Partnering with your competitors is important if we want to solve the big issues." On partnering with the government: The Travel Promotion Act to promote the US brand abroad in order to bring more international visitors.