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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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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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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The November 2002 update Global Reporting Initiative with:
* FINAL Call for Nominations for Stakeholder Council
* First Two Pilot Sector Supplements Released
* Review of Sustainability Reporting Costs
* Wanted: Your Issues and Perspectives
* Briefing in South Africa
* Mark Your Calendars – 3rd International GRI Symposium
* More Organisations Use the Guidelines
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Key social performance indicators for financial institutions are set out in recommendations published today.
Working within a project called SPI-Finance 2002, international banks, insurance companies, and other stakeholders have identified indicators for use in public reporting that are unique to explaining the social performance of financial institutions. The indicators supplement a broader set of sustainability indicators set out in guidelines developed by the Global Reporting Initiative (GRI).
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-The implementation of CSR practices has to remain voluntary, because translating the concept of CSR into a compulsory framework would constitute an additional administrative burden for SMEs” Hans Werner Mueller, UEAPME’s Secretary General, said at today’s opening session of the European Multistakeholder Forum on CSR.
UEAPME also criticises the current interpretation of CSR in the European discussion. The concept overlooks a major part of SMEs community involvement as it only takes the enterprises’ visible activities into account. However, a majority of SMEs have taken up their social responsibilities in less visible areas – notably in the field of professional training – a long time ago. According to the SME Observatory, more than 50% of SMEs are already committed in different ways to community oriented activities. Therefore, introducing compulsory measures would be counterproductive, as it would only make SMEs administrative tasks more difficult and ultimately increase market entry costs.
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– Companies struggle to breach the -glass ceiling’ of transparency and accountability
– Reports are getting bigger-but not better
As trust in capitalism and multinational corporations hits new lows, corporate social responsibility (CSR) and sustainability reporting potentially offers real opportunities for companies to rebuild that trust.
This is one of the conclusions from the latest report by SustainAbility and the United Nations Environment Programme (UNEP), Trust Us: The 2002 Global Reporters Survey of Corporate Sustainability Reporting.
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In an effort to enhance public disclosure of environmental and social
performance, CERES and the Tellus Institute announced today the launch of
the FACILITY REPORTING PROJECT (FRP).
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The UK Parliament’s House of Commons is currently discussing a new bill, titled Corporate Responsibility (Environmental, Social and Financial Reporting), or “CORE Bill”. The Bill, introduced by MP Linda Perham, is backed by organisations including Amnesty International, Friends of the Earth and UNISON, the trade union representing people who work in public services. The second reading of the bill has been scheduled for 14 November.
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