Commentary & Analysis
It’s business for good – and good for business. In 2015’s first issue of Thomson Reuters Exchange Magazine, we tackle the topic of Sustainable Business. Environmental, social and governance issues are no longer simply corporate responsibility initiatives – they are at the core of how analysts, investors, risk management professionals and others evaluate companies around the world.
Highlights from this issue include Thomson Reuters senior carbon market analyst, Anders Nordeng on the buying and selling of emission rights; managing director of Thomson Reuters Risk Business, Phil Cotter on supply chain sustainability in multinational organizations; Commonfund’s Lauren Caplan and John Griswold discuss the long history and evolution of mission-based investing; and BSD Consulting’s John Moorhead and Thomson Reuters Tim Nixon evaluate whether the world’s 500 largest businesses are doing enough to reduce their greenhouse gas emissions.
Also in this issue: (more…)
By Maurice Tamman, Editor in Charge, Data & Computational Journalism
What is data and computational journalism? And why is Reuters doing it?
Let’s start by saying what it isn’t.
It’s not doing a Google search and copy and pasting a couple of numbers from a PDF; it’s not looking up an indictment online; it’s not opening a spreadsheet attached to an email, sorting a column and finding the largest or smallest value. Although those are all useful skills to have. At its core, data journalism is reporting, albeit a different kind from door-stopping politicians or cold-calling bankers. But it’s just as hardcore and relentless, and requires a unique combination of reporting instincts and technical skills. And that has created new capabilities that let us extend Reuters journalism in fresh and important ways.
In the last few months, Reuters has published three remarkable sets of stories that illustrate how we have become one of the global leaders in this journalism specialty. Our data journalism team members, working alongside other reporters, created compelling narratives that formed the flesh around a backbone of data reporting. In each example, they told stories around subjects that had never been told so precisely and with data that had largely been ignored.
Reuters Investigates: Water’s Edge
When I speak at leadership forums, one of the things that strikes me is how many questions there are about mentoring. It’s a major topic of conversation. In spite of the many books, blogs and tips on mentoring, many people are concerned about potential missteps and want to know more about the optimal approach. Frequently I’m asked about the differences between a mentor and a sponsor.
I’ve had a number of mentors over the course of my life. The first and perhaps most important one was my mother, though she wouldn’t have seen herself that way. I grew up in a small town, and what other people thought about what you said and did was very important. This wasn’t about shallow, superficial stuff, but about the things upon which reputations were built.
For example, my mother never left the house without being impeccably dressed, because that told the world she cared about herself and how others perceived her. She was a “good neighbor,” always available to offer a helping hand to others, and her word was her bond. I like to think she instilled those traits in me, and that they have become what I now appreciate as the foundation of my own personal brand.
Mentoring comes in many forms — creating many possibilities
I’ve been publishing a series of posts here on our company blog to summarize core cultural themes from my perspective, all of which support our Thomson Reuters purpose and values. The eighth part of my culture series discusses the importance of passion. Read parts one, two, three, four, five, six & seven.
Without passion man is a mere latent force and possibility, like the flint which awaits the shock of the iron before it can give forth its spark. –Henri-Frédéric Amiel
We may affirm absolutely that nothing great in the world has been accomplished without passion. –Georg Wilhelm Friedrich Hegel
Passion is what drives us to get up in the morning every day. It gives us the strength to go above and beyond. It gets us fired up to take on any challenge and accomplish the impossible. Passion comes from a deep belief in the value of what you are doing paired with a deep belief that it is possible to accomplish, no matter how daunting the task may look at the outset. I believe that the number one motivator people have is a desire to “win.” People want to accomplish great things, and they want to be on a winning team. Winning can come in many different forms (visibly delighting customers, winning awards, taking market share, doing good for other people, making the world a better place, making money, doing something considered “impossible” by most people, driving shareholder value, etc.), but that feeling of achievement runs deep in our human nature and passion is both a motivator and the fuel for achievement.
Follow your passion
Today’s job market is fiercely competitive. With the advent of new technologies and growing global competition, companies need to be nimble—and ready to fearlessly embrace change. Everyone from college grads entering the market for the first time to seasoned executives must have a laser-like focus on their careers. I’ve experienced my share of bumps, obstacles, twists, and turns on the path to what I consider a successful career. They may have occasionally slowed me down, but they never stopped me.
These seven bits of advice can spare you some of that. I can vouch for them because I learned them the hard way—through personal experience: (more…)