The World Business Council for Sustainable Development (WBCSD) is a new sponsor to the Sustainability Leadership Award. The award, launched in 2001 by Sustainability Asset Management (SAM) and the Sustainable Performance Group (SPG), honors extraordinary leadership by individuals working within or in cooperation with the private sector to make sustainability happen.
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A recent international survey by GlobeScan Inc. (formerly Environics International) reveals that consumers in North America, Europe, and Australia are consulting corporate social and environmental reports more commonly than originally thought. Knowledge of a company’s social report also appears to improve consumer impressions of the company and positively affects their purchasing behavior. All told, these findings present a strong business case for the general public being a potential target audience for corporate social and environmental reporting.
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The UN Subcommission for the Promotion and Protection of Human Rights has approved last year the UN Norms on the
responsibilities of transnational corporations and other business
enterprises with regard to human rights.
Governments, business, Trade Unions and NGOs have expressed their views on these UN Norms for business. At the moment the Norms are on the agenda of the 2004 meeting of the Human Rights’
Commission from 15 March till 23 April.
With this Public Debate on May 12th we want to raise awareness
about the UN Norms, highlight the outcomes of the Human Rights’
Commission meeting and discuss the arguments of governments,
NGOs, business, political parties and Trade Unions concerning this first set of international human rights norms that specifically address the responsibilities of business.
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Thirteen major public pension fund leaders – including eight state treasurers and comptrollers, four labor pension fund leaders, and the New York City Comptroller, collectively managing assets of nearly $800 billion- today called on the U.S. Securities & Exchange Commission (SEC) to eliminate any doubt that publicly traded companies should be disclosing the financial risks of global warming in their securities filings.
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SRI World Group, Inc., a leading provider of social investment and corporate responsibility information services, today announced the launch of OneReport (www.one-report.com). This new global electronic reporting network enables companies to more efficiently report their social, environmental, economic and corporate governance information to investors, the financial community and other stakeholders. Over 50 multi-national companies from around the world, including 22 Fortune 100 companies, participated in the development of OneReport.
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The global food and beverages industry has merely average performance on social and environmental sustainability, according to the latest corporate responsibility industry report released by Oekom Research, a Munich-based sustainability rating firm. The 16 companies that qualified for comprehensive “Inside” Ratings (16 other companies with inadequate transparency or sustainability performance received more cursory “Outside” Ratings) earned an average grade of C, on a scale from A+ to D-.
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420 individiuals from across the globe contributed their voices to the recently concluded Structured Feedback Process (SFP). In an effort to gain feedback on many aspects of the 2002 Guidelines from a diverse array of stakeholders in all global regions GRI designed this SFP to include those organisations that report using the Guidelines and also those that use data from sustainability reports.
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High performing businesses show a strong correlation between CSR (corporate social responsibility) activities and stronger performance in terms of productivity and profitability than other businesses, according to new analysis conducted by The Work Foundation and The Virtuous Circle. The report, Achieving High Performance: CSR at the Heart of Business, published on 25 March 2004, argues that there is now a sufficient weight of empirical evidence to indicate that building CSR activities into the heart of business strategy leads to higher productivity and profitability.
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Three European firms today beat 26 other national Award winning organisations from 15 European countries when they received awards for excelling at reporting on the social and environmental impacts of their activities. Awards winners in the eighth year of the European Sustainability Reporting Awards (ESRA) were Novo Nordisk A/S (Denmark) and Aalborg Portland A/S (Denmark). Slibverwerking Noord-Brabant (Netherlands) received a Commendation.
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U.S. businesses are lagging behind their counterparts in
Europe, Australia and South Africa in taking seriously their corporate social responsibility or CSR,
according to a new study released today by Echo Research, the global specialists in reputation
audit and analysis. While, major U.S. multinationals still lead in philanthropy, they have a -blind
spot” that misses the growing importance of CSR to socially responsible investing around the
world, the study found.
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SustainAbility, in partnership with the United Nations Environment Programme and Standard & Poor’s, are calling for companies and organisations producing sustainability reports/websites to submit their latest report/website for the next Global Reporters international benchmark survey.
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Metals and oil magnate Viktor Vekselberg surprised the country in February when he dropped over $90 million to return the Faberge egg collection to Russia. Just last month Roman Abramovich’s Sibneft assumed a $54 million sponsorship deal with Moscow soccer team CSKA.
Oligarchs are scrambling to outdo themselves in conspicuous displays of giving, but are such investments into the arts and sports a corporate duty or a purely voluntary decision?
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