The European Commission’s review of the EU’s Sustainable Development Strategy calls on all governments, businesses, NGOs and citizens to come up with new and better ways to move towards a more sustainable way of life and seize the opportunities available. Published on 13 december 2005, the review reiterates the Commission’s commitment to continue to play a key part in achieving change whilst setting out further concrete actions for the coming years.
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By William Baue, SocialFunds.com
A report from a recent EU conference on CSR suggest so, while a Corporate Responsibility Coalition report says voluntary CSR initiatives and current regulation fall short.
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Public relations used to be about simple events and publicity, but not anymore. Companies need much more than that. This is the era of corporate reputation management, media and crisis training, employee engagement, catalyst communications and corporate social responsibility plus sophisticated IT-driven media thinking. Very few public relations firms can perform all those functions with maximum effect.
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The december 2005 news update of the Global Reporting Initiative (GRI).
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The Canadian York University published a CSR Guide. “The Guide to Instruments of Corporate Responsibility” profiles 16 leading standards, codes, guidelines and principles of corporate responsibility. In addition to providing an overview of the purpose and operation of each instrument, the Guide draws on concrete examples to illustrate how institutional investors and labour pension funds have employed these instruments in promoting corporate responsibility in their equity holdings.
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A new report has been published aims to develop guidance for effective board action on corporate responsibility. Both the Combined Code on Corporate Governance and the new Company Law Reform Bill give directors duties related to corporate responsibility*. This report outlines the challenge boards face in fulfilling them, and the actions they can take in order to do so.
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Business for Social Responsibility (BSR) has released a new report that reviews how well the Global Reporting Initiative (GRI) Economic Performance Indicators have been applied by 33 companies, including GE, McDonald’s, Novo Nordisk, Shell, Starbucks and Toyota. “Reporting on Economic Impacts” evaluates how the Economic Performance Indicators have been used and proposes recommendations for updating the GRI Guidelines.
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Global socially responsible investment specialists EIRIS have found that 24 per cent of companies world-wide have good or advanced systems in place to manage social, environmental and other ethical (SEE) risks. The survey, SEE Risk Management: an analysis of its adoption by companies, is the first of its kind and analysed companies in Europe, the Asia-Pacific region and Canada.
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CSR reporting has grown over the past few years, but the information provided by those reports isn’t always used for strategic advantage. Tying values and measures to a Balanced Scorecard could be the way to make good intentions more profitable.
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UNILEVER’S office in the swanky TM Towers has the look and feel of an aggressive corporation with its computer chip-activated doors, glass panels, and other ultra-modern fittings.
But managing director (foods retail) Bernadette Wake’s room departs from all that décor; her door being a gallery of heartfelt and colourful drawings by her eight-year-old son James while family photographs line the tables and walls.
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The coalition of technology companies implementing the Electronic Industry Code of Conduct (EICC) today reported on progress to date it has made in efforts to develop industry-wide approaches and tools designed to improve workplace conditions in the industry’s global supply chain.
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The European Social Investment Forum (Eurosif), in partnership with global SRI specialists and founding Eurosif member Ethical Investment Research Services (EIRIS) has published a report on the chemicals sector highlighting key challenges for the industry across Europe in the coming decade.
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