Tareq Emtairah, Research Associate of the International Institute for Industrial Environmental Economics of Lund University, published his review of policy action aimed at regulating corporate environmental reports (CERs) in Europe with the view of giving guidance on the -feasibility’ of a mandatory scheme for corporate environmental reports in Japan. The scope includes a review of the latest developments in CERs, and an examination of selected mandatory reporting schemes within Europe.
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The draft report “The Desirability and
Feasibility of ISO Corporate Social Responsibility Standards” is now
available for comments. The draft report was prepared by the “Consumer
Protection in the Global Market” Working Group of COPOLCO, the Consumer
Policy Committee of ISO (the International Organization for
Standardization).
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In a new study to be released next month, the Oakland-based Rose Foundation for Communities and the Environment spotlights a pervasive corporate practice–the underdisclosure of environmental liabilities. In the post-Enron landscape, the investment community has grown increasingly aware that underdisclosure can negatively affect stock value. Last month the Social Investment Forum (SIF) sent a letter to Securities and Exchange Commission (SEC) Chairman Harvey Pitt asking for companies to be held accountable for not fully revealing their environmental liabilities. The Rose report offers readily available industry guidelines that the SEC could adopt to increase environmental disclosure.
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Businesses that wish to survive and thrive in a global economy must respond to major social and environmental trends that are reshaping markets, says a report released today by the United Nations Environment Programme (UNEP), World Business Council for Sustainable Development (WBCSD) and the World Resources Institute (WRI).
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Proposals on corporate social responsibility issued by the European Commission yesterday have been welcomed by the Global Reporting Initiative (GRI).
GRI has developed globally applicable guidelines for the reporting of economic, environmental and social performance. The aim is to standardise reporting of this “triple bottom line” – initially by corporations and eventually by any business, governmental or non-governmental organisation.
The GRI has been active in the recent consultation process on the European Commission’s Green Paper on Corporate Social Responsibility and in the Round Table discussions that followed.
The new Communication from the Commission was drawn up after business, trade unions, consumers, the European Parliament and a wide range of other organisations, institutions and individuals within the EU had responded to the Green Paper.
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The Global Reporting Initiative (GRI), an international sustainability reporting institution, was formally inaugurated at a luncheon attended by over 200 guests at the United Nations headquarters in New York City on 4 April 2002. The GRI was
convened in 1997 by the Coalition for Environmentally Responsible Economies (CERES), in collaboration with the United Nations Environment Programme (UNEP).
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In its March 4 issue, Fortune magazine published its twentieth annual list of “America’s Most Admired Companies.” The global consultancy firm HayGroup conducted the research, asking 10,000 executives and securities analysts to rate companies on a scale of zero (worst) to ten (best) based on eight attributes, one being social responsibility.
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The GRI is pleased to release the Draft Version of the 2002 GRI Sustainability Reporting Guidelines for public review and comment.
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The Commission Services are pleased to present the comparative study on corporate governance codes relevant to the EU and its Member States. The study has been undertaken by the international law firm Weil, Gotshal & Manges LLP, in consultation with the European Association of Securities Dealers and the European Corporate Governance Network.
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An introduction for policy-setters and operational managers, featuring best practice from eight leading companies in the food and beverage sector. There is relatively little practical guidance available to help companies respond to wider social responsibilities. Tools that do exist tend to apply to any company and can therefore be somewhat generic; there is almost no guidance that spells out the wider social responsibilities faced by companies in specific industry sectors. The Forum has produced this report to explore how real social issues affect companies in this sector. It gives an insight into the complexity of these issues and provides resources for further information, as well as highlighting practical examples of company responses.
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Last week, the London-based stock market index firm FTSE Group announced the results of the semi-annual review of its FTSE4Good series of socially responsible investment (SRI) indexes. An additional 82 companies (one of them is KPN) have met the FTSE’s corporate social responsibility criteria and will be added to several of the FTSE4Good indexes. Many of the companies newly joining the FTSE4Good universe are large American firms. FTSE also released performance statistics of the indexes since the last review.
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On 25 March, the European Parliament’s Industry Committee adopted its contribution to the Parliament’s opinion on the Green Paper on corporate social responsibility (CSR).
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