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Responsible Business & Global Impact Leadership Series: Jeffrey Hollender

November 25, 2024
By Shameek Bose

It’s my honor to introduce Jeffrey Hollender, a trailblazer in sustainable business. Jeffrey co-founded Seventh Generation, an environmentally-focused company that has revolutionized consumer products with sustainability at its core and ultimately joined Unilever. In addition to his legacy at Seventh Generation, he co-founded and led the American Sustainable Business Network, authored seven books on sustainability and corporate social responsibility, and now serves as an adjunct professor at NYU Stern School of Business. Jeffrey and I also serve together on the U.S. advisory board for Forum for the Future, a connection that has shaped many of the ideas we share today.

Jeffrey’s path epitomizes the shift in business from merely responsible to actively regenerative—a model that challenges traditional practices to not just “do less harm” but to contribute positively to society and the environment.

In our interview we discussed a “Framework for Responsible Business”

1. Defining a New Standard of Sustainable and Responsible Business

Responsible business today demands clear definitions and consistent standards as the world’s expectations evolve. While sustainability was once a side consideration, today it needs to be a foundational element in how businesses operate. Responsible business is now about deeply embedding transparency, ethics and long-term thinking across all levels, creating a new standard for accountability and meaningful impact.

Achieving this also requires a level playing field where consistent benchmarks help align responsible practices across sectors. Clarity around what it means to be a responsible business is essential in promoting progress at scale.

2. Beyond Responsibility: The Regenerative Business Model

As Jeffrey argues, the goal should go beyond mere responsibility to embrace a regenerative mindset. True regeneration in business contributes positively to society, restoring ecosystems and fostering social wellbeing. Our current economic system distorts real costs, where, as Jeffrey provocatively noted, an organic strawberry should actually cost less than an inorganic one. This is the crux of a broken cost model that ignores externalities, which a regenerative business aims to correct through practices like full-cost accounting.

In full-cost accounting, every product and service would reflect its total environmental and social costs, from emissions to waste, creating an incentive to choose sustainable options. This approach demands internal carbon pricing and a push toward transparency, challenging companies to incorporate environmental impact into every cost consideration.

3. Scaling Responsibility through Product Design

Jeffrey’s journey at Seventh Generation illustrates the potential of scaling responsibility through every stage of product design—from the raw materials to eco-conscious packaging. Responsible design can set the standard for business impact, integrating sustainability directly into the product lifecycle, not as an afterthought but as an inherent value. At scale, responsible design becomes a powerful tool to shift entire industries toward sustainable practices.

4. The Financial Case for Regenerative Business Models

Far from being a mere moral choice, regenerative business models can offer financial incentives, appealing to consumers and investors alike. Companies that integrate environmental stewardship with business acumen can often find enhanced brand loyalty, market differentiation and even operational savings over time. For publicly traded companies, however, the real challenge lies in balancing this long-term view with the immediate demands of quarterly returns—a pressure that frequently inhibits long-term value creation. Addressing this requires resilience from business leaders, who must balance investor expectations with sustainable strategies.

5. Culture: The Backbone of Sustainable Strategy

The culture of an organization is fundamental to its sustainability strategy, echoing Peter Drucker’s idea that “culture eats strategy for breakfast.” Building a responsible business requires an inclusive, transparent and accountable culture where values are woven into the company’s DNA. Radical transparency, as Jeffrey implemented at Seventh Generation, provides a foundation for trust and integrity, empowering teams to make values-driven decisions and enhancing overall accountability.

This type of culture has cascading effects on innovation, collaboration and performance. When sustainability is a core value rather than a compliance exercise, it sparks a spirit of continuous improvement and a drive to push boundaries.

6. Systems Thinking for Holistic Impact

In today’s interconnected world, sustainable leadership requires a systems-thinking approach that views the organization as part of a broader ecosystem. My experience at the World Economic Forum showed me the power of systems thinking to create a cohesive stakeholder capitalism framework, which aids leaders in understanding how interconnected levers impact the whole. By seeing an organization holistically, leaders are better equipped to balance the complexities of their goals, stakeholders and resources. This approach can reconcile competing demands within departments—like sales and marketing—while keeping the entire organization aligned with sustainability goals.

7. Balancing Social and Environmental Goals

Balancing social and environmental impact is often a delicate task but critical in advancing holistic corporate responsibility. Businesses must view social and environmental responsibilities as complementary rather than competing priorities.

8. Redefining the Meaning of “Good” in Business

For responsible businesses, the goal isn’t to do “less bad” but to actively do good. A responsible business redefines “good” as contributing positively to society and the environment rather than simply minimizing negative impact. This approach distinguishes truly sustainable companies from those merely ticking boxes, setting a high bar for what it means to be “good.”

9. CEO & Boards Standing up for Values

Leaders today face increasing backlash for standing by their values, yet purpose-driven leadership remains critical. A CEO’s role in advocating for social and environmental causes signals the company’s commitment, even amid external pressures. Boards of directors can play a supportive role by creating frameworks that reinforce these values, establishing both incentives and safeguards that enable CEOs to champion meaningful issues.

For Jeffrey, this path was not without its challenges, but living by values has reinforced the long-term vision that defines responsible business.

10. A Future for the Next Generation

As Jeffrey envisions a sustainable future for his grandson, he highlights the long-term perspective that every responsible business should embody. This vision is about leaving a lasting positive legacy, where today’s responsible leaders play an active role in shaping a better, more resilient world for the generations to come.

Article

Responsible Business: Navigating Today’s Challenges and Opportunities

October 22, 2024
By Shameek Bose

The role of business has evolved dramatically. In an era marked by wars in Europe and the Middle East, the rapid rise of generative AI, escalating natural disasters from climate change and shifting regulatory landscapes, the challenges facing companies today are unprecedented. As businesses strive to derisk global supply chains and adapt to evolving political and social sentiments, the need for responsible business practices is more critical than ever.

The question is: How do companies develop strategies that are responsive, compassionate and inclusive in this period of radical transformation?

Our new Responsible Business Leadership series tackles this question, and no one better to begin with than Alan Murray, the founding president of the Dow Jones Leadership Institute, which includes The Wall Street Journal CEO Council, as well as the CFO, CMO and CIO Networks.

In this interview we explored a wide range of responsible business topics including:

  • How businesses are defining what it means to be “responsible” in today’s environment and why leaders should aspire to lead in a responsible manner
  • Exploring the contrast between short-term earnings and long-term value creation
  • Balancing environmental and social responsibility against the demands on short-term growth
  • The impact of the upcoming U.S. election on business, geopolitics, supply chains and global trade 
  • How business leaders can stay out of political crossfires
  • The impact of Generative AI on the workforce 
  • How to manage risk from climate change and prepare for the regulatory environment
  • How business leaders can rebuild trust and reputation in a disruptive age, where corporate reputation is scrutinized by social media

Throughout our series, we’ll be exploring all aspects of responsible business, including:

The New Age of Stakeholder Capitalism

Business leaders today operate in a multi-stakeholder environment where the influence of customers, employees, communities and activists has expanded. More than ever before, stakeholders – not just shareholders – have an outsized ability to influence business outcomes, from brand boycotts to the backlash against environmental, social and governance (ESG) initiatives. In this new era of stakeholder economics, companies must adopt a more agile, multidisciplinary approach to leadership.

Leaders need to balance customers’ evolving preferences, employment trends, geopolitical shocks and regulatory uncertainty, all while maintaining profitability for shareholders. The rise of populism, global conflicts, climate pressures and economic volatility has made it clear: businesses that prioritize long-term value creation, rooted in a strong sense of responsibility, will not only survive but thrive.

How to communicate Responsibly in a Time of Transformation

With today’s challenges, business leaders’ communications must be both compassionate and strategic. Developing a communications strategy that is responsive to these shifts is no longer optional – it is a necessity. Responsible businesses must ensure their messaging is inclusive, values-driven and attuned to stakeholder sensitivities. In an age of social media, where missteps are magnified, authentic and thoughtful communication is key to preserving corporate reputation and trust.

Sustainability as a Core Pillar of Responsible Business

The climate crisis continues to intensify, with more frequent natural disasters, political headwinds and rising societal expectations pushing businesses toward greater accountability. Regulatory pressure is also mounting, with frameworks such as Scope 1, 2 and 3 emissions reporting demanding transparency around carbon, pollution, water use and power consumption. As companies adapt, there is a growing need to measure and mitigate the true costs of negative externalities, particularly those tied to environmental degradation.

Moreover, as generative AI becomes integral to business operations, the energy demands of this technology will challenge companies’ climate goals. AI requires immense computing power, which may increase emissions and complicate sustainability strategies. To remain responsible, businesses must innovate around these challenges, ensuring that technology adoption does not come at the expense of climate progress.

Employees as the Heart of a Responsible Business

Talent management is more challenging than ever. The workforce of today – and tomorrow – is deeply attuned to the values of their employers. In a world where hiring, upskilling and replacing talent are costly, developing a corporate culture that reflects responsibility and inclusivity is essential for attracting and retaining the best talent.

Leaders must also recognize that a one-size-fits-all approach is inadequate. Different generations and demographics within the workforce have varying expectations, and leadership must navigate these complexities to create an environment where all employees feel represented and empowered.

Supply Chain Resilience in a Fragmented World

Globalization has delivered significant benefits, but it has also exposed companies to risks. Today, geopolitical tensions, natural disasters and labor abuses – such as forced labor and child labor – are creating significant vulnerabilities within supply chains. As these issues become more visible through social media and investigative journalism, businesses must be proactive in ensuring their supply chains are ethical, sustainable and resilient to shocks.

A responsible approach to supply chains means prioritizing transparency, human rights and environmental sustainability across all operations. This may involve diversifying suppliers, localizing production or adopting more sustainable sourcing practices.

Navigating Regulatory Uncertainty and Emerging Geopolitical Shifts

With half of the world’s population going to the polls in 2024, the political landscape is poised for transformation. The outcome of the U.S. election, in particular, will shape global responses to climate change, trade and economic growth. Businesses must be prepared to navigate new regulations, anticipate changes in trade policies and engage with emerging political actors.

We are also witnessing the rise of private sector companies – such as Starlink – playing increasingly prominent roles in geopolitical tensions, alongside the declining influence of traditional institutions like the United Nations and the World Bank. This trend underscores the growing importance of the private sector in shaping global governance, and responsible businesses must embrace this role while safeguarding their license to operate.

Responsible Leadership in a Disruptive Age

In this time of radical transformation, business leaders must double down on their core values to ensure long-term success, profitability and growth. A values-driven approach will help create a protective “moat” that can fend off activist investors, proxy fights and rapid CEO turnovers. By embedding responsibility into every facet of their operations, businesses can protect their long-term viability, while remaining agile in the face of short-term challenges.

Leaders must navigate the contrast between short-term earnings pressures and the need for long-term value creation. As the scrutiny on ESG increases and the regulatory environment grows more complex, businesses must not only comply with new mandates but also push beyond them to foster genuine, impactful change.

Conclusion

In this age of transformation, responsible business is not just about mitigating risks – it’s about seizing opportunities to lead with purpose. From the rise of generative AI to the growing impact of climate change, companies that stay grounded in their values, while embracing innovation and agility, will be best positioned to succeed. Responsible leadership, rooted in sustainability, inclusion and long-term value creation, will define the next generation of business success.

Article

Recognizing the power of the LGBTQ Community in Advertising & Media with GLAAD

October 11, 2024
By Shameek Bose

During Advertising Week in New York, FleishmanHillard hosted GLAAD’s Corporate Summit that discussed LGBTQ Representation in Advertising and Media. GLAAD is the world’s largest LGBTQ media advocacy organization, bringing together over 150 industry executives to share findings from its soon-to-be-released “Visibility Perception in Advertising” study.

The LGBTQ Community represents $1.4 trillion dollars in purchasing power in the United States ($4.7T globally). However, representation of the community remains disproportionately less in advertising and marketing campaigns. 

Study findings show that executives from the agency and advertiser side understand how important LGBTQ inclusion is for business.

Highlights include: 

  • Ninety percent of the industry says it’s very important to feature the LGBTQ community in advertising 
  • There has been a more than 80% increase since 2021 in the industry saying the LGBTQ community is very important to their business
  • Companies that have faced backlash are more than 18% more likely to recommend including LGBTQ people and scenarios in their/their client’s advertising compared to companies that have not faced backlash 

Key Speakers: Shameek Bose, partner and global lead for Responsible Business and Impact (FleishmanHillard); Tiffany R. Warren, EVP, chief diversity & inclusion officer (Sony Music Group); Brent Miller, senior director of global LGBTQ + engagement (Procter & Gamble); Mike Doyle, president and CEO (Ketchum); Ross Mathews, Emmy-winning host and pop culture expert (Drew Barrymore Show and RuPaul’s Drag Race)

Article

FleishmanHillard Hires Shameek Bose as Partner and Global Lead, Responsible Business and Global Impact

July 31, 2024

ST. LOUIS, July 31, 2024FleishmanHillard has named Shameek Bose as the agency’s first partner and global lead of Responsible Business and Global Impact. In this role, Bose will be responsible for helping clients evolve their business models to meet the rising demands of consumers, regulators, employees and shareholders.

“FleishmanHillard is helping guide clients on their transformation journeys as they navigate the complexities of responsible growth, while minimizing risk and achieving both their sustainability goals and long-term value creation,” said J.J. Carter, global COO and president, Americas. “Shameek has tremendous experience helping businesses scale while making a positive impact on our world. We’re thrilled to be able to bring his talent to our clients.”

For the past two decades Bose has advised companies on sustainability, social impact, future of work and responsible AI. In this new role, Bose will help companies reinvent themselves in a way that is more accountable to their customers, employees and investors, and become better stewards of their environment.

“Executives are struggling to keep up with the fast pace of change driven by innovation, geopolitics and local legislation. The decisions businesses make today will shape our economy, society and sustainability for generations,” said Bose. “The opportunity today for corporations to create true disruptive change is massive. I’m energized by the opportunity to work with the incredible brands FleishmanHillard represents and help them innovate through a lens of responsibility and impact.”

Bose joins FleishmanHillard from Accenture where he helped organizations’ C-suites and Boards develop the governance necessary to meet their Sustainability and ESG goals, metrics and annual outcomes. Before that he spent more than seven years as Global Leadership Fellow and Lead for Business Engagement at The World Economic Forum

Outside of the office, Bose is on the GLAAD National Board of Directors, USA advisory board for the Forum for the Future as well as an advisor to startups focused on sustainability.