A new WBCSD report on sustainable development reporting answers the worldwide call on companies for greater accountability and transparency by explaining why and how reporting can help turn the recent wave of boardroom scandals into renewed boardroom trust.
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The Australian Securities and Investments Commission (ASIC) released a discussion paper seeking stakeholders’ views on whether it should issue guidelines on the new socially responsible investing (SRI) disclosure requirements for products with an investment component (investment products) and, if so, what these guidelines should contain.
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The Government’s environment watchdog has been investing tens of millions of pounds in oil companies and firms which have been sharply criticised for their records on green issues.
The Environment Agency, which is in charge of flood protection, has invested Ã??64m in oil firms which have been condemned for contributing to flooding by causing climate change. Last year the agency’s pension fund invested Ã??46m in BP Amoco – its largest holding – and Ã??18m in Shell. Both firms have been fined large sums by the agency for polluting water with petrol or oil products.
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UK proposals to make company directors explicitly responsible for environmental and social performance are now firmly on the agenda of corporate law reform according to supporters of the legislation.
Labour MP for Ilford North, Linda Perham, who wrote the Corporate Social Responsibility Bill 2002 , said even though it was twice defeated in parliament last year, proposals contained in the bill are firmly on the agenda of corporate law reform.
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Nearly 70 companies including the Cordiant advertising agency, City law firm Norton Rose and Sea Containers, rail and holiday company, have been targeted
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by human rights activists for their activities in Burma.
A “dirty list” of businesses whose operations are said to be helping to finance the military dictatorship in south east Asia is published today by the Burma Campaign.
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Update of the Global Reporting Initiative (GRI), december 2002.
Contents:
> First Convening of Stakeholder Council Members
> Launch of GRI Forum Japan
> Reminder – 3rd International GRI Symposium in July 2003
> New Website in January
> More Organisations Use the Guidelines
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Business and NGO representatives gathered on 9 December to discuss whether Corporate Responsibility pays off and why businesses may decide to improve their social and environmental practices.
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CSR Europe published a new report: “Impacts of reporting. The role of social and sustainability reporting in organisational transformation.”
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Exactly one year after the adoption of a Resolution on the Green Paper on CSR, on 3 December, the Social Affairs Council adopted a resolution on the Commission’s follow-up communication to the CSR Green Paper.
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In recent years, Europe has witnessed a heated discussion about corporate social responsibility, and one of the recurring questions has been whether the business community should be forced to assume a responsibility for societal cohesion or be allowed to act on a voluntary basis. Today, Employment Minister Claus Hjort Frederiksen opens an EU Presidency conference on the subject. He is optimistic about the ability and will of enterprises to play an important role with respect to social responsibility.
Corporate action is decisive when discussing a socially inclusive labour market with room for everybody. Europe needs socially responsible enterprises. On the other hand, enterprises also need to perform in a socially responsible manner as it gives them an image that helps them sell their goods. In many enterprises, social responsibility has become an integral part of the company strategy vis-à-vis European consumers, who today want to know under what conditions the goods they purchase were produced. At the same time, social responsibility has become a corporate tool to keep and attract high-quality employees, says Mr Claus Hjort Frederiksen.
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The Career Innovation Group, an international alliance of leading global organisations including Unilever, BP, Toyota and Marriott, has completed their global survey -Inspiration at Work’, which has uncovered some of the secrets of non-financial motivation in entrepreneurial start-ups, NGOs and charities. They are now launching an international eFocus group on Corporate Reputation. The overall findings of this project, which set out to identify what it takes to be an -Inspiring Company”, will be presented at the next Ci Forum, -Renewing Corporate Reputation’.
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On 21-22 November, hundreds of delegates gathered to discuss next steps for Corporate Social Responsibility in the context of a Danish EU Presidential Conference. Commissioner Anna Diamantopoulou, as well as CSR Europe Chair Etienne Davignon, were awarded special CSR prizes in recognition of their longstanding and excellent leadership in this field.
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