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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Representatives of the Commission, business community and academia have been debating differences and points of convergence between the concepts of corporate governance and CSR.
Corporate ethics has entered the limelight in the past few years as a result of a surge in corporate scandals of different genres, involving financial fraud, ecological damage and the exploitation of local communities.
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A survey, entitled “Race to the Top: Attracting and Enabling Global Sustainable Business”, has found that sixty-one per cent of respondents (executives of multinational enterprises) were seeking strong laws on CSR when seeking partners, which are rigorously enforced to create a level playing field for business and discourage corruption. The survey, commissioned by the World Bank Group, has examined the role of CSR when large corporations consider new trade and investment ventures.
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ISO (International Organization for Standardization) is to hold an international conference on the social responsibility of organizations on 21-22 June 2004 in Stockholm, Sweden.
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A new report from the Nordic Partnership takes the temperature of business/NGO partnerships in the Nordic region one year after the 2002 Johannesburg Summit. The report, -A New Era of Nordic Partnerships for Sustainability?” finds that many Nordic organisations are struggling to find their place in this new era of partnerships, despite the Nordic tradition of stakeholder dialogue.
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January 2004 update of the Global Reporting Initiative (GRI).
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As world business leaders and political figures gather in the fenced-off Alpine resort of Davos for their traditional New Year get-together, Christian Aid is calling on the politicians to take responsibility for the ethical operation of companies rather than surrendering it to those from business peddling fine words and lofty sentiments.
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A study by Echo Research of 5,324 press articles on corporate social responsibility finds that the number of articles featuring a CSR issue increased by 52% from 2000 to 2001, and by 401% from 2001 to 2002.
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The OECD has put its draft revised principles on corporate governance to public consultation. The aim of the revision is to step up investor protection and boost the ability to counter management and shareholder manipulation.
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Over 70% of CEOs surveyed by the World Economic Forum believe that mainstream investors will have an increased interest in corporate citizenship issues, according to a report released today.
Developed by the World Economic Forum’s Global Corporate Citizenship Initiative (GCCI) in partnership with the International Business Leaders Forum (IBLF), the report explores how chief executive officers (CEOs), chief financial officers (CFOs) and investor relations officers (IROs) communicate the strategic importance of the social and environmental aspects of their firm’s performance to investors. It examines how these companies are articulating both the business case and the -leadership” or -values” case for global corporate citizenship, highlighting some of the challenges of communicating often intangible but nevertheless quite relevant issues to owners.
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CSR Europe is pleased to announce that Bernard Giraud, a fomer board member of the corporate social responsibility network, has been appointed as new executive director. Mr. Giraud has managed the CSR and sustainable development department at French food company Danone for the past six years, and will take up his new position at CSR Europe this month.
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The december 2003 update of the Global Reporting Initiative (GRI).
Reed the full news on the GRI website.
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