GRI news update june 2006
News update from the Global Reporting Initiative (GRI).
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News
Drafting progresses of future ISO 26000 standard on social responsibility
The building of international consensus on voluntary guidance to help organizations operate in a socially responsible way made progress at the recent meeting of the ISO group that is developing the future ISO 26000 standard on social responsibility.
Some 320 people from 55 countries and 26 international organizations attended the third plenary meeting of the ISO Working Group on Social Responsibility (WG SR) on 15-19 May 2006 in Lisbon, Portugal.
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Study: Shell Ranks Highest For Social Responsibility In China
A new study shows consumers in emerging markets like China expect automotive corporations to take an active role in the economic and social development of their country.
Among the 45 companies surveyed in China, Shell ranked highest for corporate social responsibility with strong ratings for sustaining the environment through innovation and technology.
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World business award winners announced
The 10 recipients of the World Business Awards, which showcase the best practices of the business sector in alleviating poverty and boosting development to reach the Millennium Development Goals (MDGs), were announced today by the International Chamber of Commerce (ICC).
This year’s awardees include business-sponsored projects that provide low-income housing in Mexico, comprehensive HIV/AIDS treatment in Botswana, venture capital for small businesses in India, and health education in Turkey’s primary schools. Corporate partners involved in the projects include The Merck Company Foundation, The Bill and Melinda Gates Foundation, CEMEX Mexico, GlaxoSmithKline and Tetra Pak.
Mary Robinson, former President of Ireland and current Chair of The Ethical Globalization Initiative, will present the awards at a public event in New York on 10 May. On 9 May, at the United Nations Headquarters, the winners will present their projects to the 14th meeting of the UN Commission on Sustainable Development.
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BiD Challenge News – Round 2 Results
Of the 903 plans that participated in Round 1 of the BiD Challenge 2006 73 plans have been selected to go on to Round 2. People from 40 countries participate in Round 2 of which 77% are men and 23% are women.
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Corporate eco-efficiency expressed in monetary terms for the first time
EU-funded survey on the environmental performance of 65 European manufacturing companies published today / New approach applies rules of financial markets to environmental performance by companies / “A company creates value only if it uses an environmental resource more efficiently than its competitors”.
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Annan taps former Novo Nordisk CEO
The former CEO of Novo Nordisk hopes to use his position on the board of Kofi Annan’s Global Compact initiative to increase corporations’ social responsibility.
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Speech Van Ardenne op minsterconferentie OESO/DAC
Introduction on poverty reduction, environment and the Millennium
Development Goals (OECD DAC EPOC)
Introduction by Agnes van Ardenne-van der Hoeven,
Dutch Minister for Development Cooperation.
OECD Development Assistance Committee and the Environment Policy Committee
Session 1 Poverty reduction, environment and the Millennium Development
Goals
4 April 2006,Paris.
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European Commission published a new communication on CSR
The Commission has recently published (22 March 2006) a new communication on CSR entitled “Implementing the Partnership for Growth and Jobs: Making Europe a pole of excellence on CSR” (COM(136)2006 final.
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US Banks Sink to the Bottom of the Barrel on Latest Sustainability Ratings from Oekom
by Bill Baue, Institutional Shareowner.com
Most US banks fail to disclose enough information on their social and environmental performance to qualify for analysis, and only four of 21 analyzed earned above D-level grades.
The top-performers and the bottom of the barrel share the spotlight in the latest report from oekom research on the sustainability performance of global banks. Oekom is a Munich-based socially responsible investment (SRI) rating firm. Coming in first with a B grade is Australia-based Westpac (ticker: WBC.AX), followed by five banks earning a B-: UK-based Northern Rock (NRK.L) and Lloyds TSB Group (LLOY.L), Switzerland-based UBS (UBS),Germany-based HVB Group (HVMGY.PK), and National Australia Bank (NAB).
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Brussels to side with business on CSR
The European Commission plans to side with business in largely excluding trade unions and non-governmental groups from a new European corporate social responsibility initiative, according to Commission documents obtained by the Financial Times.
Officials confirmed the European Union’s executive body would launch a pro-business †European alliance for CSR on March 22 in Brussels. Chief executives from several of the companies already involved in the initiative plan to join the launch ceremony.
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New Survey Compares U.S., European Views on Business-NGO Partnerships
Ethical Corporation magazine has released new research comparing attitudes on business-NGO partnerships in the U.S. and Europe. According to the report, while U.S. companies are avid philanthropists, giving generously and usefully to all kinds of charitable causes, European companies have taken the lead in meaningful engagement with NGOs, say both U.S. and European observers.
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