AccountAbility Proposes Robust -Materiality’ for Social and Environmental Disclosure

AccountAbility, the leading professional body promoting accountability standards for sustainable development, today releases its report, -Redefining Materiality: Practice and Public Policy for Effective Corporate Reporting’. Redefining Materiality proposes a new approach to defining -materiality’ in corporate reporting. It is particularly relevant to the UK Government’s proposed amendments to Company Law. These amendments will require companies to disclose within an Operating and Financial Review (OFR) social and environmental performance relevant to members’ interests arising from stakeholder concerns and actions. ... lees meer

June 2003 update of the Facility Reporting Project

The development of the FRP reporting framework is a multi-stakeholder process for which Tellus and CERES serve as conveners and technical support. The framework is properly the product of this process, not of Tellus Institute or CERES. This spring, the FRP achieved an important project milestone in this multistakeholder process-convening the Project’s Steering Panel and holding the first Panel Meeting. The steering panel is the top tier of this multi-stakeholder process, and is the FRP’s primary consultative and advisory body. ... lees meer

European and U.S. Multinationals Place Different Emphases on Corporate Sustainability

Sustainability-management for the long-term vitality of the business, through attention to its economic, environmental, and social performance; its governance; and its business ethics-is receiving a high level of attention from executives of multinational companies on both sides of the Atlantic, with those based in Europe and the U.S. emphasizing differing aspects of the concept to suit their objectives and culture. ... lees meer

UK: New bill would inject substance into corporate social responsibility

Amnesty International UK, Christian Aid and Friends of the Earth are among a coalition of more than 40 charities, trade unions and church groups backing draft legislation put before Parliament today (19 June 2003), which seeks to firm up rules on companies’ ethical behaviour and end the current ‘pick-and-mix’ voluntary approach to corporate social responsibility. ... lees meer

In 5 – 10 years CSR will be increasingly integrated into business practices

When 45 corporate social responsibility (CSR) thought leaders from around the world were asked how they think CSR will evolve in the future, the majority agreed that 5 – 10 years from now it will be increasingly integrated into business practices, if it not in the public consciousness. CSR management systems will be more standardized and routine within 10 years. Codes and standards will be established by then. CSR concepts will be easier to adopt. ... lees meer