CENTER FOR BUSINESS
AS AN AGENT OF WORLD BENEFIT

Women's World Banking's vision is to expand low-income women's economic participation by giving them greater access to financial information and markets. In doing so they are enabling women to not only keep their families fed but also engage in the community and develop a political voice that could bring about great change worldwide.

Bank ABN AMRO has made sustainability a cornerstone of its business. The bank strives to include a concern for social and environmental issues in the decision-making of every strategic business unit. These activities have gained such prominence that a special unit, the Sustainable Development Group was organized to coordinate sustainability work across the organization. The innovativeness of this sustainability mindset has led to numerous activities that are creating a shift in the impact of ABN AMRO on environment and society.

The story of Hubbard Foods Ltd. of New Zealand represents an innovative approach to Sustainability Reporting (SR). Traditionally, SR is seen as an adjunct, or secondary, reporting process for a company, often performed for external stakeholders and marketed for general public as a means of PR. Hubbard Foods Ltd decided to use their SR process as a means for sustainability implementation – in other words, as a part of their overall change management process. As a result, a new set of Key Performance Area Drivers and Indicators have been devised and integrated into core operations of the company.

Waste Management NZ Ltd, the largest waste management and resource recovery service provider in New Zealand and with operations in Australia, has created eco-friendly landfills and introduced innovative resource recovery methods. The company harnesses the gases emitted from its landfills and generates electricity, which is then fed to the national grid. They have successfully demonstrated how waste management companies can not only recover resources and reduce emissions, but also convert waste into an energy source for heating and electrical generation, thus increasing their overall profits. As a result, Waste Management’s landfill gas management skills are utilized by a number of private and territorial authorities in New Zealand, Australia and China.

Westpac, an Australia-based financial services and banking company, has been working with the Cape York indigenous people who face a life expectancy of less than 50 years, have an average annual income of $8,600 per annum, and fewer than 10% of their working age population are in unsubsidized employment. The 10,000 people living in 17 Cape York communities face an epidemic of substance abuse, a breakdown of law and order, and dysfunctional governance structures. Westpac’s involvement represents an innovative way to contribute to capacity building while expanding the company’s customer base. Westpac’s approach includes Family Income Management (FIM), Business Hubs and an assist in the development and implementation of the Computer Culture educational project. In addition, three twelve-month Westpac Fellowships have been established in strategic positions in the regional organizations to help build their capacity to roll out their strategies. Westpac has been named and ranked among the most socially responsible companies in Australia.

William McDonough & Partners are architects who design buildings and communities worldwide that tell stories of sun, wind, water that surrounds them and of the people who inhabit them. Using a creative balance of nature and culture, they strive to create a sustainable environment that honors the relationship between the human community and the nature that surrounds them.

Cummins is a global power leader and family of four inter-related, yet diversified businesses that create or enhance value as a result of doing business with each other or having those relationships. It averages more than $6 billion in annual sales and is a technology leader in the diesel engine market, providing cutting-edge solutions to the increasingly difficult challenge of producing cleaner-running engines. Currently, Cummins clean diesel engines are powering transit buses in Southern China.

Millions of personal computers sit idly on desks and in homes worldwide, but what if they could be linked into a power grid to help address the world's most difficult health and societal problems? IBM asked this question and answered it in 2004 by creating the World Community Grid, a global humanitarian effort to harness unused computing power of individual and business computers and direct that power toward research designed to help unlock genetic codes that underlie diseases like AIDS and Alzheimer's or improve forecasting of natural disasters. Anyone can volunteer to donate the idle and unused time on a computer by dowloading the World Community Grid's free software and registering to participate.

A number of major financial institutions have come together to adopt a framework for determining, assessing and managing environmental and social issues in project financing. These global voluntary regulatory guidelines, the “Equator Principles” (EPs), are revolutionizing the way large projects are financed. Banks that adopt the EPs apply them globally to project financing in all industry sectors including mining, oil and gas, and forestry, and they make loans only to those projects whose sponsors aim to be socially responsible and environmentally sound.