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.
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A new study explores how well companies understand the economic impacts of their activities on poor communities, and what actions businesses take to manage those to achieve the desired outcomes.
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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.
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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.
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The positive impact that business can make by tackling social problems in partnership with Japan’s growing network of non-profit organizations (NPOs) is highlighted by a new report, published today.
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According to the fourth annual Corporate Social Responsibility (CSR) Monitor survey of over 21,000 consumers, shareholders and corporate employees in 21 countries, significant proportions of people in most countries are unable to name a socially responsible company.
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“Nike v. Kasky could undermine the ability to require accurate reporting”
Article by Adam M. Kanzer and Cynthia A. Williams.
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Rankings released by the World Economic Forum today reveal that Botswana is the leading country among 21 African economies in terms of quality of public institutions, an Index that consists of the perceived degree of corruption and the rule of contracts and law. Succeeding Botswana in the Public Institutions Index are Tunisia, Gambia and South Africa respectively.
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World’s Biggest Banks React to Global NGO Pressure With -Equator Principles” Groups View Principles as Deeply Flawed, But Are Heartened by Movement by Big Banks.
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The second Round Table of the CSR Multi Stakeholder Forum on CSR knowledge was held on 2-3 June. Stakeholders expressed interest in continuing the forum beyond its current end date of summer 2004, agreed to improve communication and focus on follow-up action.
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The June 2003 update from the Global Reporting Initiative (GRI).
* Structured Feedback Process Set to Begin in June
* G8 Reaffirms Importance of Corporate Responsibility
* Supplements Moving Forward
* New Interactive Feedback Forum Coming in June
* GRI in Print
* Still Time to Register for Joint ICGN-GRI Session
* First Government Agency Releases Report Based on GRI Guidelines
* GRI Reporters Win Awards
* Quotation of the Month
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CSR Network recently released Material World: The 2003 Benchmark Survey Report, a detailed research project evaluating global reporting among the 100 largest companies in the world, by revenue, as listed in the Fortune 500. The concept results from the simple proposition that global economic actors have global environmental and social impacts and should be encouraged to produce global, as opposed to national, environmental and social reports. For the first time this year the scope of the Survey has been expanded to include greater detail on global social and sustainability reporting as well as environmental reporting.
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