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Responsible Business

Boler Students: Your Responsibility in Doing Business Responsibly

Among investors, corporate executives, and a global financial network (banks, bond rating agencies, public accounting firms, stock exchanges, insurers), the meaning of “responsible business” is increasingly viewed as a great disrupting force, every bit as strategic, powerful and game-changing as the digital revolution.

Some examples:

  • Accountants and CFOs are asking how forces that everyone agrees are financially material — resource scarcity, political unrest, consumer trust — might be mirrored in future shareholder and regulatory disclosures.
  • Operations, logistics and supply chain professionals are asking how sustainability risks will lead to more and better tools for scenario analysis, higher quality data and more routine integrated reporting to senior management.
  • Chartered Financial Analysts and other investment advisors are looking closer at the connection between companies that both do the right thing by the planet and people, while also outperforming their competition.
  • Corporate executives, aware of data like the Edelman global report which shows a double-digit drop in their credibility ratings, are asking wide-ranging questions about public trust and their license to operate 

 

Why Boler

As a Boler student, you enjoy access to cutting edge knowledge, executive mentors and real-world experiences that will prepare you to one day play a central role — helping to move responsible business practice from the margins to the center of operations, strategy and innovation. 

  • You will help to create and mature new socially focused business models that look to gain a first-mover advantage.
  • You will lead a “race to the top” that will look to scale responsible and sustainable markets.
  • You will show by example that good people are good for business.

our next generation

I think (students) are more conscious of the business value of social and environmental responsibility. I would characterize them as enlightened young leaders as opposed to merely ambitious.

William J. O’Rourke Jr. ’70
John Carroll University Board of Directors
Retired VP Sustainability and Environment, Health and Safety
Alcoa

Sustainability

Ten or 15 years ago, the question of what made a company “responsible” involved a limited and relatively easy to understand set of measures related to carbon footprint, employee well-being and giving back to the community. At the consumer level, those measures generally still hold.

A global Nielsen survey (October, 2015) confirms that buyers — especially young professional Millennials and college-age Generation Z buyers — increasingly base purchase decisions on that familiar matrix of the environment, work conditions and community investments. (Source: The Sustainability Imperative, Nielsen 2015)

75% of Millennials are Willing to pay more for goods and services that make the case for responsibility and sustainability.
74% of Generation-Zs are Willing to pay more for goods and services that make the case for responsibility and sustainability.
45% a commitment to the environment has the power to sway product purchases by 45%