Speech by Agnes van Ardenne, Minister for Development Cooperation, at the VITE International Development Conference on the match between multinationals and developing countries, Tilburg, 13 May 2003.
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On 13 May, MEPs are scheduled to discuss the report of Philip Bushill-Matthews on the Commission’s July 2002 Communication concerning Corporate Social Responsibility. In its resolution, the Parliament complains that “the Commission Communication was effectively written before the Parliament’s response to the Green Paper had been absorbed” and reiterates its determination to remain part of the discussion process.
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Europe’s leading body for investor relations published a new survey research showing that the credibility of corporate social responsibility is being undermined by the demands made on companies by CSR lobby groups.
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A new paper from people management experts, The Chartered Institute of Personnel and Development (CIPD), argues that if it is to be credible, corporate social responsibility (CSR) must be positioned as a strategic issue for organisations – and human resources specialists need to be closely involved.
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April 2003 update from the Global Reporting Initiative (GRI):
* Message from the Chair
* First Two Pilot Protocols Released
* 24 Additional Members Named to Stakeholder Council
* Guidelines from OECD and GRI Seen as Complementary
* GRI Reporters Win Awards
* Thank You to Allen White for Dedicated Service
* GRI on the Road
* Register for Public Forum on
Corporate Governance and Reporting
* Guidelines Now Available in German
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Despite its softly, softly image, the social responsibility campaigners have come down hard on their first batch of rejects, says Roger Cowe.
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A new report titled -The Business of Business” based on a survey of over 160 corporate responsibility professionals conducted by Ethical Corporation magazine and independent research firm Nima Hunter, Inc. reveals broad consensus on a number of issues critical to management of corporate social responsibility (CSR) and sustainability. In addition, the study provides insight into knowledge gaps and divergent opinions about strategies and tactics best suited to creating shareholder value through effective CSR management.
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Research released today by the Judge Institute of Management, Cambridge’s Business School, suggests that environmental and social credibility will have a significant impact on the future reputation of Multinational corporations.
Within three scenarios of the future business climate (fortress world, market world & transformed world) the CEOs of the Global Fortune 500 were asked to rate the significance of seven elements of reputation to the preservation of a positive corporate reputation.
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New research by the Institute of Business Ethics, leaders in promoting corporate ethical best practice, has shown for the first time that companies with a clear commitment to ethical conduct outperform those which do not.
The research is the most thorough study ever carried out in the UK of the relationship between business ethics and business performance in large companies. Using four indicators of business success – economic value added (EVA), market value added (MVA), price/earnings ratio volatility (P/E ratio), and return on capital employed (ROCE) – it compared two groups of companies: those with a demonstrable commitment to ethical behaviour through having a published code of business ethics, and those without. Their performances were then analysed over the five years 1997-2001. On three of the four indicators (EVA, MVA, P/E) the companies with codes were clearly superior, and on ROCE the results were less clear but supported the overall trend.
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On 7 April, the EU Multi Stakeholder Forum on CSR held its last round table meeting in the first wave, focussing on the diversity and transparency of CSR practices and tools. Two additional round table waves will follow, until the Forum presents its final report in summer 2004.
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On March 25, 2003, Credit Suisse Private Banking launched an Internet information platform on the topic of “sustainable investments”. This will give investors direct access to the latest news relating to this attractive growth market. At www.credit-suisse.com/sustainable-investments investors who would like to take ethical and environmental factors into account – as well as the purely economic – can obtain comprehensive information about developments and investment opportunities in the sphere of sustainability.
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As someone who is interested in corporate accountability, sustainable development, and corporate social responsibility reporting we would welcome your participation in the first ever global survey of reporting standards. Completing the survey will take about 10 to 15 minutes of your time.
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