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In 2004, DuPont named its first Chief Sustainability Officer (CSO). Since then several other companies have followed. Although there is no standardized guidelines as to what the scope and authority of the role is (usually splitting their time evenly between core business and operations, internal engagement, external engagement, and developing strategy), each year more and more companies of all sizes are creating a space for this position. Their backgrounds are always different but they all have a deep knowledge of their company and industry and have been part of their companies for many years. Not all are given the role of CSO. Many are made director, VP, SVP, even chief green officer but all report to or close to the CEO.
Do some research on the CSO position. Take a look at sites like CSO Backstory (www.weinrebgroup.com), Accenture's ‘The Chief Executive Officer's Perspective' (www.accenture.com), ‘Portrait of the Sustainability Executive' (www.pwc.com), BSR and UN Global Compact's work on board adoption and oversight of corporate sustainability (www.bsr.org), and others.
Discuss the need for a CSO, are you for or against? Why? Is a CSO a position you would be interested in holding? From your research, what are common responsibilities of a CSO.
The owner of a business is considering investing $55,000 in new equipment. She estimates that the net cash flow will be $5,000 during the first year and will increase by $2,500 per year each year thereafter. Determine the annual capital recovery cost..
Suppose that Bank One has deposits of $1200, bank capital of $100, reserves at $120 and loans at $1180. What is the maximum write down in the value of the bank's loans that will keep bank capital from falling below $25?
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $12 million in withdrawals from other banks’ ATM machines. What would be the f..
You manage a company that has invested $5 million in developing a new product, but the new product isn’t finished yet. Your salespeople give you some bad news. A new product has entered the market, and the expected sales of your product are now just ..
You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is 6.6% per year payable semiannually. You plan to hold the bond..
Choose a company in which you are interested. Search to find out what new products that company has brought to market in the past year or two. Are those products truly new innovations, or are they simply extensions of existing products? What consider..
Sketch a demand curve that is unit elastic for a price change between $9 and $11. Assume that the quantity demanded is 110 when price is $9. You’ll have to determine the quantity demanded when price is $11.
You are given the following information about a monopsonist:
Depreciation taken in the third year if the machine is also sold during the third year.
What does equilibrium GDP means? How net exports affect aggregate expenditure in the economy? How prosperity abroad affects our exports? What happens when there is disequilibrium situation? When GDP is less than the equilibrium. When GDP is more than..
Describe the top ten communication skills that business leaders seek citing any references used other than the textbook.. Of those, list two of which you feel you have a strong grasp and two that you feel you need to improve.
When the Soviet Union, which had been a command economy, broke apart, an official of the new Russian government called an official of the American government and asked” “Who is in charge of bread distribution?” Consider the multiple steps (markets) i..
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