August 02, 2015
Our weekly roundup of noteworthy items from and about the social sector. For more links to great content from and about the social sector, follow us on Twitter at @pndblog....
While the decision of the Hewlett Foundation to amend its social investment policy to say it will "refrain from future investments in private partnerships primarily involved in oil and gas drilling" falls far short of divestment, it is significant nonetheless. Marc Gunther explains.
In the New Yorker, Katy Lederer explains how a new report from international consulting firm Mercer not only quantifies the investment impacts of various climate-change scenarios, it makes clear that as climate change "trashes" the economy, superfiduciaries— sovereign wealth and pension funds, foundations, and endowments — are not going to be able to meet their long-term obligations.
Endowed institutions aren't the only ones waking up to the existential threat of unchecked climate change. Bloomberg Politics reports that executives of thirteen major U.S. corporations have announced at least $140 billion in new investments "to [reduce] their carbon footprints as part of a White House initiative to recruit private commitments ahead of a United Nations climate-change summit later this year in Paris."
The latest edition of the Nonprofit Blog Carnival, which is being hosted by Kivi Leroux Miller on her Nonprofit Marketing Guide blog, is open for submissions. The topic of this month's roundup is how you share progress or communicate your accomplishments -- "not just with donors, but to program participants, and other supporters and influencers as well." The deadline for submissions (new or recent posts) is Friday, August 28, and the roundup of all posts will be published on Monday, August 31. To submit a post, just email the URL and two- or three-sentence summary to firstname.lastname@example.org.
Corporate Social Responsibility
Large multinationals spent some $20 billion on corporate social responsibility programs in 2013. Good news, right? In The Atlantic, Gillian White explains why we shouldn't get too excited.