{"id":1951,"date":"2021-04-30T15:00:48","date_gmt":"2021-04-30T15:00:48","guid":{"rendered":"https:\/\/policy360.org\/?p=1951"},"modified":"2021-05-12T17:53:05","modified_gmt":"2021-05-12T17:53:05","slug":"ep-124-social-corporate-responsibility","status":"publish","type":"post","link":"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/","title":{"rendered":"Ep. 124 Balancing Social Corporate Responsibility and the Bottom Line"},"content":{"rendered":"<p>What role do corporations play in a functioning democracy? In each administration, the answers seem to change. The Trump administration offered big companies big tax breaks \u2013 and the taxes companies pay are sure to change under the Biden administration.<\/p>\n<p>But beyond money &#8212; fundamentally \u2013 what role should companies play in society? Is there a way to encourage companies to be more socially responsible?<\/p>\n<p><iframe title=\"Balancing Social Corporate Responsibility and the Bottom Line by Sanford School @ Duke\" width=\"500\" height=\"400\" scrolling=\"no\" frameborder=\"no\" src=\"https:\/\/w.soundcloud.com\/player\/?visual=true&#038;url=https%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F1042687087&#038;show_artwork=true&#038;maxwidth=500&#038;maxheight=750&#038;dnt=1\"><\/iframe><\/p>\n<p>Guest: <a href=\"https:\/\/www.stanlitow.com\/about\" target=\"_blank\" rel=\"noopener\">Stan Litow<\/a> is the author of <em><a href=\"https:\/\/www.stanlitow.com\/book-1\" target=\"_blank\" rel=\"noopener\" class=\"broken_link\">The Challenge for Business and Society: From Risk to Reward.<\/a><\/em> At IBM he led the global corporate social responsibility program. Litow now teaches graduate courses at the Sanford School of Public Policy at Duke University on the role of corporations in society and the politics of education. He has held high level positions\u00a0for the Mayor and Governor of New York, and served as New York City&#8217;s Deputy Schools Chancellor.<\/p>\n<h2>Conversation Highlights<\/h2>\n<h3>On corporate social responsibility today<\/h3>\n<p>I think we&#8217;re at an inflection point where, as a result of changes in the attitude and behavior of our citizens, our expectations about the way corporations should behave has changed. We have many more young people coming out of the academy who don&#8217;t want to work for a company that doesn&#8217;t have strong ethical standards, doesn&#8217;t behave in a positive way. And if they have a choice, they&#8217;re more willing to go to work for a company that has those kinds of standards and activities and less willing to go to a company that does not.<\/p>\n<h3>The first step to corporations being socially responsible<\/h3>\n<p>I would say, number one is that you have to hire staff into your company that understand these activities, that understand what strong environmental performance looks like, that understand what strong investment performance, labor practices, the whole nine yards of corporate social responsibility that understand what it means to enforce it, not just within your company, but within your supply chain and all the other people that you do business with&#8230;<\/p>\n<h3>On how to get companies to embrace change<\/h3>\n<p>How do you get to the point where the private sector is going to behave like that or the public sector is going to embrace those kinds of behaviors? I think far too often when we look at our society overall, we operate in silos. The private sector talks to the private sector, the public sector talks to the public sector, not for profits talk to not for profits, higher ed, K to 12. Everybody is in a silo. I think what we don&#8217;t have, and we need to have, is more opportunities where the silos are broken down. And especially on the policy level, people are thinking and planning together about what can be done by all that will raise the level of environmental standard or diversity and inclusion. This is just something that the private sector can do. It&#8217;s something that has to get into every element of society.<\/p>\n<h3>Listen on\u00a0<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/policy-360\/id1170662136\" data-cke-saved-href=\"https:\/\/podcasts.apple.com\/us\/podcast\/policy-360\/id1170662136\">APPLE PODCASTS<\/a>\u00a0and\u00a0<a href=\"https:\/\/open.spotify.com\/show\/5TLCveoLiJqP5iKXuutctC?si=1QqWOL-BRNSKJx1fO5vZcQ\" data-cke-saved-href=\"https:\/\/open.spotify.com\/show\/5TLCveoLiJqP5iKXuutctC?si=1QqWOL-BRNSKJx1fO5vZcQ\">SPOTIFY<\/a><\/h3>\n<ul>\n<li><a href=\"http:\/\/social.sanford.duke.edu\/Policy360_ApplePodcasts\" data-cke-saved-href=\"http:\/\/social.sanford.duke.edu\/Policy360_ApplePodcasts\">Subscribe to the Policy 360 podcast<\/a><\/li>\n<li>Read the episode\u00a0<a href=\"https:\/\/policy360.org\/wp-content\/uploads\/sites\/29\/2021\/04\/Ep_124_Balancing_Social_Corporate_Responsibility_and_the_Bottom_Line.pdf\" data-cke-saved-href=\"https:\/\/policy360.org\/wp-content\/uploads\/sites\/29\/2021\/04\/Ep_123_Breaking_the_Social_Media_Prism.pdf\">transcript<\/a><\/li>\n<li>Music:\u00a0<a href=\"http:\/\/freemusicarchive.org\/music\/Blue_Dot_Sessions\/\" data-cke-saved-href=\"http:\/\/freemusicarchive.org\/music\/Blue_Dot_Sessions\/\">Blue Dot Sessions<\/a>\u00a0\/ Licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/us\/\" data-cke-saved-href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/us\/\">Creative Commons Attribution<\/a><\/li>\n<li>Learn more about the\u00a0<a href=\"https:\/\/sanford.duke.edu\/\" data-cke-saved-href=\"https:\/\/sanford.duke.edu\/\">Sanford School of Public Policy<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What role do corporations play in a functioning democracy? In each administration, the answers seem to change. The Trump administration offered big companies big tax&#8230;<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/\">Continue reading<span class=\"screen-reader-text\">Ep. 124 Balancing Social Corporate Responsibility and the Bottom Line<\/span><\/a><\/div>\n","protected":false},"author":15,"featured_media":1953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep. 124 Balancing Social Corporate Responsibility and the Bottom Line - Policy360<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep. 124 Balancing Social Corporate Responsibility and the Bottom Line - Policy360\" \/>\n<meta property=\"og:description\" content=\"What role do corporations play in a functioning democracy? In each administration, the answers seem to change. The Trump administration offered big companies big tax&#8230;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/\" \/>\n<meta property=\"og:site_name\" content=\"Policy360\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-30T15:00:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-12T17:53:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/policy360.org\/wp-content\/uploads\/sites\/29\/2021\/04\/sean-pollock-PhYq704ffdA-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"751\" \/>\n\t<meta property=\"og:image:height\" content=\"749\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Carol Jackson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carol Jackson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/\",\"url\":\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/\",\"name\":\"Ep. 124 Balancing Social Corporate Responsibility and the Bottom Line - Policy360\",\"isPartOf\":{\"@id\":\"https:\/\/policy360.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/policy360.org\/wp-content\/uploads\/sites\/29\/2021\/04\/sean-pollock-PhYq704ffdA-unsplash.jpg\",\"datePublished\":\"2021-04-30T15:00:48+00:00\",\"dateModified\":\"2021-05-12T17:53:05+00:00\",\"author\":{\"@id\":\"https:\/\/policy360.org\/#\/schema\/person\/3da5164abbcd01222964cceffbc2fbf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/#primaryimage\",\"url\":\"https:\/\/policy360.org\/wp-content\/uploads\/sites\/29\/2021\/04\/sean-pollock-PhYq704ffdA-unsplash.jpg\",\"contentUrl\":\"https:\/\/policy360.org\/wp-content\/uploads\/sites\/29\/2021\/04\/sean-pollock-PhYq704ffdA-unsplash.jpg\",\"width\":751,\"height\":749,\"caption\":\"tall buildings in a city\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/policy360.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ep. 124 Balancing Social Corporate Responsibility and the Bottom Line\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/policy360.org\/#website\",\"url\":\"https:\/\/policy360.org\/\",\"name\":\"Policy360\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/policy360.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/policy360.org\/#\/schema\/person\/3da5164abbcd01222964cceffbc2fbf1\",\"name\":\"Carol Jackson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/policy360.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1bb3a0d9f9ceef3eb049dc888515521a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1bb3a0d9f9ceef3eb049dc888515521a?s=96&d=mm&r=g\",\"caption\":\"Carol Jackson\"},\"url\":\"https:\/\/policy360.org\/author\/cj124duke-edu\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ep. 124 Balancing Social Corporate Responsibility and the Bottom Line - Policy360","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/policy360.org\/2021\/04\/30\/ep-124-social-corporate-responsibility\/","og_locale":"en_US","og_type":"article","og_title":"Ep. 124 Balancing Social Corporate Responsibility and the Bottom Line - Policy360","og_description":"What role do corporations play in a functioning democracy? 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