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.
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1 |
http://www.edelman.com/executive-summary/ |
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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) |
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2 |
Private correspondence |
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3 |
https://party.coop/publication/in-our-interests-building-an-economy-for-all/ |
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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/) |
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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 |
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5 |
http://community.businessfightspoverty.org/m/blogpost?id=2014886%3ABlogPost%3A243750 |
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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 |
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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 |
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6 |
https://twitter.com/gibbulloch/status/794466147718590464 |
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7 |
https://www.edie.net/news/7/Tony-Juniper–Sustainability-will-determine-business-survival-in-2050-/? |
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8 |
http://community.businessfightspoverty.org/profiles/blogs/beth-jenkins-a-new-era-of-corporate-statesmanship and http://www.bbc.co.uk/news/business-40952820 |
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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) |
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9 |
ibid. The ban was withdrawn after Supreme Court intervention and re-introduced, watered-down, though again delayed by Court action |
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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 |
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11 |
http://www.unmillenniumproject.org/goals/ |
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12 |
http://www.un.org/sustainabledevelopment/sustainable-development-goals/ and http://sdgcompass.org/wp-content/uploads/2015/09/SDG_Compass_Guide_Executive_Summary.pdf |
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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-/ |
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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) |
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13 |
http://evonomics.com/accounting-smoke-mirrors-makes-corporate-profits-rich-peoples-income-invisible/ |
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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) |
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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) |
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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/. |
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14a |
See also http://www.bbc.co.uk/news/business-40338220 |
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15 |
https://www.jrf.org.uk/press/work-poverty-hits-record-high-housing-crisis-fuels-insecurity – see also Chapter 3 |
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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) |
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16 |
https://www.socialenterprise.org.uk/procuring-for-good – see also Chapter 7 |
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17 |
https://www.washingtonpost.com/opinions/how-corporations-can-be-a-force-for-good/2016/09/29/08e99268-7ac4-11e6-ac8e-cf8e0dd91dc7_story.html? |
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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) |
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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) |
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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) |
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18 |
https://ssir.org/articles/entry/shifting_philanthropy_from_charity_to_justice |
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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 |
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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) |
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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/ |
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20 |
https://fairtaxmark.net/take-action/local-council-campaign/ |
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21 |
http://www.ibe.org.uk/userassets/otherpdfs/25on25.pdf |
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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-/? |
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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 |
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24 |
https://data.ncvo.org.uk/a/almanac17/ |
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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) |
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25 |
http://www.candeadvisory.com/sites/default/files/headline_findings_Barometer%202016.pdf |
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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. |
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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 |