Chapter 1: The Case for Company Citizenship

Each chapter of the book, The Company Citizen has footnotes. As most of these are web links they cannot be readily accessed from the book. So here they are. Those numbered ‘a’, ‘b’, etc., are updates: they refer to text between numbered footnotes and not necessarily to the number in their suffix. For example: 14a is a new note which relates to text between note 14 and note 15 but not necessarily to the subject in 14 itself. Go back to ‘The Company Citizen’ here.

1

http://www.edelman.com/executive-summary/

1a

CBI research is very similar to that of Edelman: http://www.cbi.org.uk/cbi-prod/assets/File/pdf/everyones-business.pdf (July 2017). And the Financial Times put its finger on what’s wrong with
UK business and how to put it right: https://www.ft.com/content/da9aa4ce-b7e4-11e7-8c12-5661783e5589 (October 2017)

2

Private correspondence

3

https://party.coop/publication/in-our-interests-building-an-economy-for-all/

4

Both described in my book, Welcome to GoodCo. In September 2017 Pukka foods, the
organic tea and herbal products company, also joined Unilever. They, too, assured their
followers that this would preserve, not damage, its mission: https://www.pukkaherbs.com/your-wellbeing/blog/2017/09/the-mission-continues/)

4a

The UK Government, under the banner of the Inclusive Economy Partnership, brought
civil society and business leaders together to discuss common approaches to mental
health, financial inclusion and school/work transition in September 2017: https://www.gov.uk/government/news/business-and-civil-society-leaders-form-partnership-to-tackle-challenges-in-society

5

http://community.businessfightspoverty.org/m/blogpost?id=2014886%3ABlogPost%3A243750

5a

Of course not every company that embarks on political activity gets it right: the racially
provocative tactics of Bell Pottinger on behalf of allies of South Africa’s President Zuma
led to the downfall of this once global public affairs company in 2017. https://www.theguardian.com/media/2017/sep/05/bell-pottingersouth-africa-pr-firm

5b

In January 2018 Virgin Trains stopped making the Daily Mail available on its trains as it
deemed the paper ‘not compatible with our beliefs’. However, a few days later, Sir
Richard Branson intervened to reinstate the title, claiming that this act of ‘censorship’
had been unauthorised. (His other train set, East Coast, has never carried the Daily Mail).
https://www.prweek.com/article/1453993/virgin-trains-drops-daily-mail-deems-paper-not-compatible-beliefs

6

https://twitter.com/gibbulloch/status/794466147718590464

7

https://www.edie.net/news/7/Tony-Juniper–Sustainability-will-determine-business-survival-in-2050-/?

8

http://community.businessfightspoverty.org/profiles/blogs/beth-jenkins-a-new-era-of-corporate-statesmanship and http://www.bbc.co.uk/news/business-40952820 

8a

An interesting take on Trump: five reasons why Trump is good for sustainable business
http://sustainablesmartbusiness.com/2018/01/five-reasons-why-trump-is-good-for-sustainable-business/ (Added January 2018)

9

ibid. The ban was withdrawn after Supreme Court intervention and re-introduced,
watered-down, though again delayed by Court action

10

https://data.ncvo.org.uk/a/almanac17/  More recent figures suggest that a significant fall
in volunteering may be happening: http://www.thirdsector.co.uk/volunteering-levels-fall-government-figures-show/volunteering/article/1440384

11

http://www.unmillenniumproject.org/goals/

12

http://www.un.org/sustainabledevelopment/sustainable-development-goals/ and http://sdgcompass.org/wp-content/uploads/2015/09/SDG_Compass_Guide_Executive_Summary.pdf

12a

Two years after the SDGs were launched, only a third of the 9,000 companies
committed to help achieving them had published measurable goals: https://www.edie.net/news/7/Could-an-SDG100-raise-the-bar-for-business-action-on-global-goals-/

12b

Paul Polman: the SDGs provide the framework upon which business can rebuild
trust. https://m.huffpost.com/us/entry/us_59ce55f7e4b0f58902e5cb82/amp (Sept 2017)

13

http://evonomics.com/accounting-smoke-mirrors-makes-corporate-profits-rich-peoples-income-invisible/

13a

Despite a reputation in some quarters as a friend of the tax avoider, KPMG continues
its responsible tax campaign ‘Transparency, Truth and Trust’: https://responsibletax.kpmg.com/page/transparency-truth-and-trust/ (Added Nov 2017)

13b

I’ve been challenged to say where the statistic ‘dividends have risen faster than pay’
comes from (Dec 2017). I’m sure it was either IFS or IPPR but I can’t find it! But here’s
the Daily Mail to the rescue – dividend income 1999-2016 from FTSE companies rose
72 per cent (http://www.thisismoney.co.uk/money/investing/article-2890217/15-years-Footsie-peak-Investors-thank-dividends-making-money-shares-struggle-beat-safer-assets.html).
By contrast, ‘Average earnings of employees in the UK have fallen in real terms since
2009’ and are now ‘at similar levels to those of 2002-03’
(http://webarchive.nationalarchives.gov.uk/20160107031432/http://www.ons.gov.uk/ons/dcp171766_299377.pdf)

14

In the City’, Private Eye 1437, 10th February 2017. The first British prosecution of a
UK bank related to the crash was announced in June 2017 (Barclays).
https://www.sfo.gov.uk/2017/06/20/sfo-charges-in-barclays-qatar-capital-raising-case/.

14a

See also http://www.bbc.co.uk/news/business-40338220

15

https://www.jrf.org.uk/press/work-poverty-hits-record-high-housing-crisis-fuels-insecurity
– see also Chapter 3

15a

Heart of the City (the City of London Corporation’s sustainable business arm) questions
whether business and civil society boundaries are blurring: http://30thingstothinkabout.org/business/ (Jan 2018)

16

https://www.socialenterprise.org.uk/procuring-for-good – see also Chapter 7

17

https://www.washingtonpost.com/opinions/how-corporations-can-be-a-force-for-good/2016/09/29/08e99268-7ac4-11e6-ac8e-cf8e0dd91dc7_story.html? 

17a

Ruth Davidson, Conservative leader in Scotland, calls for exactly the sort of changes
that are needed. (Ignore the headline, not only is this not a Conservatives-only mission
but she doesn’t claim that it is…). https://unherd.com/2017/07/ctrl-alt-del-conservatives-must-reboot-capitalism/ (July 2017)

17b

Another take on the Conservative case for responsible business:
http://www.conservativehome.com/platform/2016/10/mark-florman-the-government-should-incentivise-business-to-act-responsibly-heres-how.html (Oct 2017)

17c

…and a Civicus analysis of the potential for business and civil society to work together
on global issues: http://www.huffingtonpost.com/entry/big-business-and-activists-finally-agree-on-this-one_us_5947f962e4b0961faacbe56a (June 2017)

18

https://ssir.org/articles/entry/shifting_philanthropy_from_charity_to_justice

18a

Joe Garner, CEO of Nationwide (the world’s largest building society, owned by its
members) outlined the case for responsible business for New City Agenda in the
House of Commons in October 2017: http://newcityagenda.co.uk/wp-content/uploads/2017/10/Joe-Garner_New-City-Agenda-speech-FINAL.pdf

19

http://vibranteconomy.grantthornton.co.uk/the-importance-of-purpose-and-business/
and https://www.grantthornton.co.uk/insights/vibrant-economy-blog/
See also BITC’s take: https://www.bitc.org.uk/resources-training/research/building-case-connected-britain (Added January 2018)

19a

In October 2017 Yorkshire Water announced that it would begin the complex task of
closing its Cayman Islands subsidiary, which existed to ‘give shareholders more
flexibility over the payment of dividends rather than for taxation purposes’. The move
is welcome, but – really? https://qell.co.uk/yorkshire-water-to-close-cayman-island-subsidiaries/
In November 2017 the release of the ‘Paradise Papers’ went some way to exposing
the full extent to which tax havens allow rich companies and individuals to avoid
paying tax where their money is earned: https://www.icij.org/investigations/paradise-papers/

20

https://fairtaxmark.net/take-action/local-council-campaign/

21

http://www.ibe.org.uk/userassets/otherpdfs/25on25.pdf

22

http://fortune.com/inside-volkswagen-emissions-scandal/ – see also Chapter 5. In 2017
VW, followed by Ford, introduced a scrappage scheme for diesel and older petrol driven
cars amidst further activity, not least in London, to achieve clean air: https://www.edie.net/news/12/Ford-s-scrappage-scheme-signals-shift-to-lead-a-business-model–revolution-/?

23

https://shareaction.org/wp-content/uploads/2017/03/Survey-LiftingTheLid.pdf In July 2017
the RE100 campaign reached its preliminary goal of 100 corporates committed to a
timetable to reach 100% renewable energy: http://there100.org/news/14257837

24

https://data.ncvo.org.uk/a/almanac17/

24a

Some question whether charities themselves are honest enough about their social
impact: https://amp.theguardian.com/voluntary-sector-network/2017/nov/09/charities-are-still-not-honest-enough-about-their-social-impact (November 2017)

25

http://www.candeadvisory.com/sites/default/files/headline_findings_Barometer%202016.pdf

26

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)#cite_note-GDP_IMF-5 and https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue Please note:
my list uses 2016 data. Wikipedia’s 2017 list shows minor changes in rank order but
includes only the 25 biggest companies by revenue, those worth more than $140Bn.
Wikipedia also lists the quarterly top ten (only) based on market capitalisation (MC) and
dominated by Apple, Alphabet (Google), Microsoft, Amazon and (to a lesser extent)
Facebook. MC is a volatile measure, revenue has more in common with GDP. Since
mid-2015 the only non-American businesses in the MC top ten are both Chinese,
TenCent and AliBaba.

26a

In his November 2017 Budget UK Chancellor Philip Hammond reported that UK is no
longer the world’s 5th largest economy, as Brexit looms http://money.cnn.com/2017/11/22/news/economy/uk-france-biggest-economies-in-the-world/index.html?sr=twCNN112317economy1203PMStory
See also http://www.independent.co.uk/news/business/news/uk-world-top-five-economy-philip-hammond-budget-economic-forecast-brexit-eu-withdrawal-a8071046.html?amp