The WBCSD released “Doing business with the poor: A field guide”. Dhtis guide explores how several companies are starting to break into an untapped market of over four billion potential customers in ways that benefit both the poor and the company.
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The World Bank Group (WBG), whose mission is to alleviate poverty in the developing world, exerts influence not only through its own investments and actions, but also as an exemplar. A coalition of US- and Canada-based socially responsible investment (SRI) advocates is urging WBG President James Wolfensohn to set just such an example by implementing recommendations of the Extractive Industries Review (EIR).
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The March 2004 Update of the Global Reporting Initiative (GRI).
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Royal Philips Electronics (NYSE: PHG, AEX: PHI) today released the company’s second annual Sustainability Report. The Report shows the progress made against goals established in the 2002 version. An important step was the extension of the sustainability principles to Philips’ 50,000 suppliers.
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The results of the second Corporate Responsibility Index were published today (Sunday, March 14th 2004) in The Sunday Times ‘Companies that Count’ supplement. Participation in the Index is up by 14% on the previous year, with 139 companies now using it as a tool to manage, measure and report their corporate responsibility. The results reveal an increase in the average score up from 68% to 80%.
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This position paper outlines the requirements and recommendations as identified by ANEC with respect to the desirability and feasibility of standards on Corporate Social Responsibility (CSR). Both at national and international level, initiatives exist related to CSR and standardisation. In some countries, the national standards body embarked on elaborating a national CSR standard, whilst the Consumer Policy Committee of ISO (ISO COPOLCO) recommended to ISO Council to explore the feasibility and
desirability of a Management System Standard (MSS) in line with ISO 9000/ISO 14001 on CSR. In addition, at European level, a Multi-stakeholder Forum was set up to improve knowledge about the relationship between CSR and sustainable development.
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The United Nations Global Compact, a voluntary grouping of companies and pressure groups that promotes corporate social responsibility, is preparing its first in-depth study of whether the initiative is having any measurable impact on businesses.
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The publication of a global framework setting out the Government’s approach to Corporate Social Responsibility (CSR) at the international level, was announced by CSR Minister Stephen Timms today.
The draft strategic framework focuses on encouraging action and progress to maximise the business contribution to social, environmental and economic development.
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The United Nations Conference on Trade and Environment (UNCTAD) has released new guidelines on eco-efficiency indicators that link the environmental performance of corporations to their financial performance.
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Shareholders may deploy a powerful new weapon against companies that fail to disclose the social, ethical and environmental risks to their business by refusing to endorse the company report and accounts, a leading investor lobby group warned yesterday.
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The February 2003 Update of the Global Reporting Initiative (GRI).
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A new initiative offers guidance for listed companies on how to achieve good corporate governance. It comes against a backdrop of major corporate scandals such as at the Italian food giant Parmalat and the Dutch retailer Ahold.
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