Successful global companies are integrating the reporting of their corporate citizenship activities into their firms’ basic business missions, according to a report released today by The Conference Board.
The companies that have best adapted their businesses report that setting goals, measuring performance, and assessing the degree of compliance are vital to the successful implementation of citizenship initiatives.
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Corporate social responsibility has been a hot topic lately and with good reason. According to a recent study by the Natural Marketing Institute (NMI), almost 90% of the U.S. population state that it is important for companies to not just be profitable, but to be mindful of their impact on the environment and society. Although actual behaviors are, at times, different, the implications of this attitude on business operations are far-reaching. Just over 70% of consumers indicate that knowing a company is mindful of their impact on the environment and society makes them more likely to buy their products or services, and nearly 50% state it makes them more likely to buy their stock.
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The 10th of August the new progress report for sustainability strategies was passed by the federal cabinet. The report contains a paragraph about CSR, which was written by the Council for Sustainable Development. It refers to its Working Group to CSR, which will develop recommendations by summer 2006.
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Companies based in the UK and the Netherlands have the best over-all corporate governance standards in the developed world, according to the results of a new international study released today by global socially responsible investment (SRI) research firm Ethical Investment Research Services (EIRIS). The survey found an increasing convergence between countries on corporate governance practices.
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Arthur D. Little has collaborated with Hedstrom Associates to survey 40 technology companies across Europe, the U.S., and Japan to see how they are finding business opportunities presented by integration of sustainability into the innovation process- we call this `Sustainability-Driven Innovation – the creation of new market space, products & services or processes driven by social, environmental or sustainability issues.
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News update from Global Reporting Initiative (GRI), june 2005.
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A new book, “Corporate Social Responsibility and Alcohol,” explores the potential impact of beverage alcohol industry partnerships and how they could contribute to a reduction in the negative health impacts of harmful drinking patterns. The book, commissioned by The International Center For Alcohol Policies outlines a new agenda for global public/private partnerships with the alcohol industry.
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On 8th June 2005, the European Economic and Social Committee adopted an opinion on “Information and Measurement Instruments for CSR” by 135 votes to 2 with 18 abstentions. The text gives an overview of developments in the field of CSR transparency and makes proposals to extending the use of CSR instruments and make the measurement of CSR more reliable and more transparent.
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What does a small cleaning company from Lyon paying for its employees to learn to read and write have in common with a small video production company from rural Wales that makes a point of recording and creating videos for its local community? And what, for that matter, do both these companies have in common with a group of Maltese hotels that are built to minimise their impact on the island†s environment and its natural resources? The answer is that they are all small businesses that are practising corporate social responsibility (or CSR). CSR is a concept whereby companies integrate social and environmental concerns in their business operations on a voluntary basis. The term itself tends to be associated with large companies, but some of the most innovative and inspiring examples of CSR are to be found amongst smaller businesses.
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New research from Ethical Investment Research Services (EIRIS) reveals that mobile phone companies differ noticeably in their approach to openness regarding health issues and associated risk.
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Ten of the twelve big pharma companies have now begun to position access to medicines in the developing world as an explicit part of their corporate social responsibility strategy, rather than as a philanthropic add-on ,according to the latest research from the Ethical Investment Research Service (EIRIS). Most have board level responsibility and offer some preferential pricing to poorer countries (nine of the twelve companies). All engage in research into developing world diseases and collaborate in partnerships with organisations such as the UNAIDS, UNICEF and the World Health Organisation, to improve healthcare globally.
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Companies can turn regulatory compliance and heightened corporate governance efforts into opportunities that create value for their businesses, according to a new report from the World Business Council for Sustainable Development (WBCSD).
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