VideoCorporate Political Responsibility Taskforce

The Business Case for CPR

Angeli Patel with the Berkeley Center for Law and Business

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On February 8, 2024, we spoke with Angeli Patel with the Berkeley Center for Law and Business to explore “The Business Resiliency Case for CPR.” 

As businesses seek to balance shifting expectations from stakeholders ranging from investors and legal counsel to customers and employees, they’re increasingly exploring how a principled structure for political activities can help increase business resilience and sustainability. In her recent work developing more than 30 case studies on corporate sustainability, Angeli Patel has discovered three indicators of resilient businesses across industries: 1) they opt to face challenges head-on rather than wait until a moment of crisis; 2) they’re curious about and engaged with their customers, investors and employees; and 3) they bring all decisions back to long-term goals rather than immediate challenges. In this conversation, we’ll discuss how corporate political responsibility factors into sustainability and can be a tool companies use to enhance these indicators of resilience. 

In this module, we explore: 

• What is the business case for corporate political responsibility? 

• What can be learned from recent work at the Center looking at business resiliency, and how might CPR play into that? 

The Corporate Political Responsibility Taskforce (CPRT)’s Expert Dialogues are in-depth, recorded conversations with academic experts, stakeholder advocates and business practitioners to provide our members and other CPR champions with the expertise and context they need to develop principled, proactive CPR strategies. We invite those interested in a constructive, non-partisan, principles-based discussion. 

Angeli Patel is the Executive Director of the Berkeley Center for Law and Business. Previously, she was an attorney in the Sustainability & ESG Advisory Practice at Paul, Weiss, Rifkind, Wharton & Garrison LLP in San Francisco where she advised clients on the governance of climate and social risks, and a Lecturer at Berkeley Law. Prior to her legal career, Angeli served at the White House Office of Management and Budget under the Obama Administration and served as a policy advisor at the U.S. Department of Health and Human Services on consumer privacy. 

Keywords: #CorporatePoliticalResponsibility, #CPR_Long-term Value, #CPR_Enterprise Risk, #CPR_Systemic Risk, #CPR_BizStrategy, #CPR_Trends, #CPR_Resiliency

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This seminal report from Freshfields Bruckhaus Deringer, addresses the question of whether institutional investors such as pension funds and insurance companies are legally permitted to integrate environmental, social and governance issues into their investment decision-making and ownership practices. The study describes the legal framework for institutions in Australia, Canada, France, Germany, Italy, Japan, Spain, the UK and the US.

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Presents a framework for when companies should present forceful or tempered political positions based on their publicly stated values and materiality.

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