Fortune’s 6th Annual “Change the World” List

On September 21, 2020, Fortune Magazine revealed its sixth annual “Change the World” list, which showcases over 50 companies that have made an important social or environmental impact through their profit-making strategy and operations this year. 

Three companies from the Southeast USA made the list:

#15 Charlotte-based Bank of America

#49 Atlanta-based UPS

#51 Miami-based ChenMed  

Explore the full list here.


Sustainability in Business

On September 7th, the results of the annual 2017 Dow Jones Sustainability Index for North America were announced, and both Duke Energy Corp. and Bank of America Corp. made the list for their focus on environmental, social and governance issues. Like Duke Energy and Bank of America, companies continue to change their business models as a result of sustainability opportunities.

Sustainability is all about meeting the needs of the present without compromising the ability to meet the needs of future generations. Instead of today’s linear ‘take, make, depose’ economic model, companies like Hewlett-Packard, who recently unveiled the world’s first printer with closed-loop recycled plastic, and Procter & Gamble, with its ongoing focus on creating a new method to recycle plastic for reuse, are helping to drive the circular economy concept of ‘return and renew’ as part of their approach to sustainability in business.

  • Is it time to tie executive compensation to sustainability?  Learn more here.
  • Learn more sustainability in today’s business world here.
  • Read about the circular economy concept here.

Earn a Backstage Pass to the QC via Leadership Charlotte’s ENCOUNTER Program

This week our Chief Experience Officer, Patti Weber, enjoyed a fantastic “backstage pass” to the city of Charlotte by participating in Leadership Charlotte’sENCOUNTER Charlotte” program. This great program is a slimmed down version of the organization’s flagship 10-month program and is designed as a high-level introduction to the city of Charlotte for newcomers or residents who want to get involved.

“I thoroughly enjoyed the opportunity to meet and learn from a cross-section of leaders from Charlotte’s education, government, arts + council, environment, human services, public safety and volunteerism communities” said Patti.  “I encourage others to participate in this amazing program and get connected to Charlotte in a deeper way”.

Patti participated in the day and a half program along with 43 other participants from a cross-section of Charlotte region corporations and nonprofits including:  A Child’s Place, ai Design Group, Addison Whitney, Alexander Children’s Foundation, Arts & Science Council, Bank of America, Cardinal Innovations Healthcare, Carolinas College of Health Sciences, Carolinas Healthcare System, The Catalyst Agency, Charlotte Chamber of Commerce, Charlotte Country Day School, Charter Communications, Clariant Corporation, Converse College, EY, Grant Thornton, Harvey B. Gantt Center, Huron Studer Group, Integrated Leadership Systems, KPMG, Kelly Voelker & Associates, Maid in Heaven, Merrill Lynch, Moore & Van Allen, Pat’s Place Child Advisory Center, Robinson, Bradshaw & Hinson, PA, Signs ID, TCG Events, TIAA, Turnaround Advisors, and WFAE 90.7 FM.

Learn more about Leadership Charlotte here.

Read Charlotte Agenda’s article about ENCOUNTER Charlotte here.


Croixstone Consulting is Official Supporter of International Fraud Awareness Week

Did you know that the typical organization loses 5% of its annual revenues to fraud? 

Croixstone Consulting has joined leading companies (including Accenture, Bank of America, Barclays Bank, Deloitte, EY, General Mills, Grant Thornton, IBM, Oracle, PricewaterhouseCoopers, TD and TIAA) in a global effort to minimize the impact of fraud by promoting anti-fraud awareness and education during International Fraud Awareness Week (November 13-19, 2016).

Sponsored annually by the Association of Certified Fraud Examiners (ACFE), International Fraud Awareness Week addresses the staggering cost of fraud.  According to the ACFE:

  • The organization analyzed 2,410 occupational fraud cases that caused a total loss of more than $6.3 billion
  • The median loss from a single case of occupational fraud was $150,000
  • More than 23% of occupational fraud cases resulted in a loss of at least $1 million
  • Median losses varied by region (USA = $120,000)
  • Of the three major categories of occupational fraud, financial statement fraud caused by far the greatest media loss per scheme
  • When owners or executives committed fraud, the median damage was more than 10X worse than when employees were the perpetrators
  • The more people conspiring in an occupational fraud, the higher the losses tend to be

Learn more about the ACFE and International Fraud Awareness Week here.