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Corporate Social Responsible News: Lowe's School Grants; IBM's Iowa Initiative; C5's Sustainable Jewelry

Corporate Social Responsible News: HP + NBA's School Grants; IP Business and Light Years IP's African Investment; Abbott's Sustainable Packaging

The Social Responsibility of business is to increase its profits." Do Milton Friedman's words still ring true today? Did they ever?

A number of domestic and international considerations have led many political observers to conclude that the Unites States will take legislative action during the remainder of 2009, or in 2010, to address climate change. The goal of these legislative efforts is to achieve a gradual but significant reduction in greenhouse gas (GHG) emissions from their earlier levels by the middle of the century. Action in this area would be a watershed regulatory and tax development and would affect all types of businesses in many aspects of their operations.

Plastic bags account for 50 percent of the plastic trash in Washington, D.C.'s Anacostia River. In order to decrease the amount of plastic bags in the Anacostia, the D.C. Council proposed legislation that would put a five cents tax on disposable shopping bags. Eleven council members co-introduced it, and according to a Washington Post article, that almost guarantees it will become law.