Stakeholder Capitalism—40 Years Later

Today’s blog is written by guest blogger, Penny Patterson, VP Corporate Communications at Promega.

The idea that businesses need to serve and provide value to constituents in addition to shareholders is one that has gained increasing recognition since last summer when the Business Roundtable issued its “Statement on the Purpose of the Corporation.”   The topic of what some call “stakeholder capitalism” is surfacing again heading into the World Economic Forum this week.

Promega has practiced “stakeholder capitalism” for more than 40 years and, as we’ve shared through our corporate responsibility reporting for the last decade, we have seen meaningful impact. From our founding in 1978, we have taken a “whole human” approach to our business. For us this means growing a financially stable and profitable company that considers and benefits science, employees, customers, community, shareholders and all global residents.

This approach starts with our people. We live the notion that every one of our employees has the potential to make a meaningful difference. And they do. Here are just a few examples. Our manufacturing and operations teams deliver with 99% accuracy and a complaint rate of 0.004%.  Discoveries by our R&D scientists generate some of the most read papers among key science journals. The average tenure of our leadership team is 18 years, and over half of these leaders grew their careers and capabilities at Promega.

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Lab Sustainability: Easy as 1-2-3

Sustainability is a bit of buzzword lately—for good reason—but knowing how to be more sustainable and actually putting sustainable practices in action are not the same thing. This may be one reason why scientists have been slow to adopt change in their laboratories. By sponsoring My Green Lab, we’re hoping to help spread the message that there are simple changes researchers can make in their labs to significantly impact sustainability.

Here are some easy ways to reduce energy, water and waste in your lab and start making your research more sustainable.

1. Energy

Compared to office buildings on campus, academic lab buildings consume 5 times more energy. To put that into perspective, labs typically consume 50% of the energy on a university campus despite occupying less than 30% of the space. Fortunately, reducing energy usage can be one of the easiest ways to make your lab more sustainable. Continue reading “Lab Sustainability: Easy as 1-2-3”

Celebrate World Migratory Bird Day by Reducing Your Plastic Use

One of the most noticeable phenological events of Spring in the Midwest United States is the arrival of the red winged black birds in March. These birds fly in from the South and take up residence on fence posts, power lines and tall reeds, creating a a weaving of red and yellow and black against a still brown backdrop. Shortly after the blackbirds arrive, the first robins of spring greet us and sandhill cranes fly in along with many other species.


These migratory birds that serve as heralds of spring are celebrated on World Migratory Bird Day (#WMBD #WMBD2019 #BirdDay). This day is celebrated twice a year, on the second Saturday in May and the second Saturday in October.

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