Royal Philips Electronics (AEX: PHI, NYSE: PHG) today published its third annual sustainability report. Based on its environmental program ‘EcoVision’, Philips introduced 21 new Green Flagship products to the market in 2004, bringing the total number of green flagships to more than one hundred. Philips Green Flagship products offer a proven better environmental performance than their predecessors or closest commercial competitors in the green focal areas of weight, energy consumption, hazardous substances, packaging and recycling and disposal.
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News update from the Global Reporting Initiative (GRI).
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According to a new study released today by Oracle Corporation and the Economist Intelligence Unit, 85 percent of executives and investors rank corporate responsibility as a central consideration in investment decisions. The study, “The Importance of Corporate Responsibility,” surveyed 136 executives across numerous industries and 65 investors to examine the influence of corporate responsibility in the global business community.
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Report by The Aspen Institute and Booz Allen Hamilton also finds strong regional differences in corporate commitments to social and environmental issues
Active CEO support seen as the best method of reinforcing values.
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A new global business ranking – called the Global 100
Most Sustainable Corporations in the World – was unveiled here today at the World Economic
Forum, identifying the top 100 companies that are most open to leading the way to a more
sustainable world.
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Oliver Balch finds the World Social Forum divided over how best to achieve its goal of a just and equitable economic system.
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On 26 January 2005, the opening day of the World Economic Forum (WEF), the Berne Declaration and Pro Natura present the first “Public Eye Awards” for irresponsible companies. The laureates of the “Public Eye Awards” are: The Dow Chemical Company, Royal Dutch/Shell Group, Wal-Mart Stores, Inc. and KPMG International. The Public’s Award goes to Nestlé S.A.
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The first meeting of the ISO group that is to develop an International Standard giving guidelines on social responsibility has been scheduled for 7-11 March 2005 in Salvador, Bahia, Brazil. ISO expects that developing the standard will take three years, with publication in early 2008.
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A news update from the Global Reporting Initiative (GRI).
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For the last year corporate social responsibility, or CSR, has been the “in” business term in Moscow. It seems hardly a week goes by without a conference on CSR in some suitably swank hotel, where representatives of the government, big business and foreign consultants get together to talk about CSR and what it means for business in Russia.
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– A new survey by andBEYOND Communications shows that 50% more CEOs heeded this warning in 2004. The New York-based investor relations firm analyzed the letters to shareholders in annual reports published from 1999 to 2004 to see how CEOs described corporate social responsibilities to the larger world.
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Heineken USA today announced the creation of a three-member Independent Advertising Complaint Review Panel and Advisory Board to add an independent voice to the company’s existing process to address public concerns that may arise over its print or broadcast advertising.
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