Ernst & Young LLP Commits $300, 000 to network for teaching entrepreneurship
Ernst & Young LLP has established the Ernst & Young Entrepreneur Of The Year® Alumni Fund to reward top Network for Teaching Entrepreneurship (NFTE) students with college scholarships as well as aid NFTE’s Adopt-a-Class initiative. NFTE began as a program to encourage children not to drop out of school and to improve academic performance. Today, it has grown to provide educational programs around entrepreneurship for at-risk students that include; core business and financial lessons, developing a business plan, and training to compete in entrepreneurship competitions.
Apple lists its suppliers for first time
Apple released a list of its major suppliers for the first time, bringing the company up to par with other big corporations, including Hewlett-Packard, Intel and Nike, which have released similar lists. Labour rights groups, journalists and academics have long asked Apple to reveal the names of its suppliers. The list accompanied a report detailing troubling practices inside many of the technology giant’s suppliers, including several facilities with workers exceeding a 60-hour weekly working limit, facilities not paying proper overtime, and facilities employing foreign contract workers.
Little progress for women in UK boardrooms
Britain’s biggest companies have failed to make any progress in appointing more women to top boardroom positions, with the number of female executives on FTSE 350 boards falling slightly over the past year, according to the latest data. The total number of women executive directors fell from 45 in 2010 to 43 in the year to November 2 2011, despite a concerted government effort to boost female participation in business leadership.
Retailers back stricter emission zone
A tough new “Berlin-style” low emission zone for central London is being demanded by business leaders. The New West End Company is seeking Boris Johnson’s backing for the plan, which would ban the worst-polluting vehicles over 3.5 tones from the congestion charging zone. It is calling for the scheme to start in May next year, with enforcement by traffic wardens and police. Private drivers caught flouting the rules would be fined £20 and have one point on their licence. Corporate offenders would face fines of £1,000 per day.
Research & Policy
SITA shares year of successful volunteering with online animated journal
Following the launch of SITA’s VIVA (Value in Volunteer Action) programme in 2011, staff at the international telecommunications company have been getting involved in a variety of community projects. Almost 300 individuals took advantage of the paid volunteer day that the company gives to all staff, to participate across 19 countries. The projects are selected by local VIVA Charity Committees – enabling employees to identify activities that benefit the communities in the many locations where SITA operates.
New report shows a need for improving Ugandan oil and gas CSR