The International Chamber of Commerce (ICC) launched its Business Charter for Sustainable Development in 1990. The Charter consisted of a short introduction and a set of 16 principles for environmental management and has been one of the most discussed ICC environmental efforts.
The ICC Project 2001 may provide ground for the ongoing dialogue related to the role and effectiveness of voluntary initiatives, particularly those to be launched in South Africa during the 2002 United Nations World Summit on Sustainable Development.
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Several Japanese companies are beginning to follow the ethics compliance management system standard named ECS2000. It and other additions to the rapidly expanding area of ethical corporate behavior, such as the draft Israeli standard SI 10000 for social responsibility and community involvement, are fueling broader
efforts to investigate the practicality of a common, worldwide business ethics guideline. The idea is to mimic the approach used for existing environmental and quality management by the International Organization for Standardization, the voluntary, global federation of standards-writing experts from 141 countries.
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The Investor Responsibility Research Center (IRRC) has released its extensive review and analysis of the fees public companies pay to their auditors, which were broken out into fees for audit and non-audit services for the first time last year under new SEC regulations. The Audit/Non-Audit Fee Landscape: Analysis and Benchmarks covers more than 1,200 companies in the S&P 500, S&P MidCap, and S&P SmallCap indexes.
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The analysis of nearly one thousand environmental, health and safety regulatory initiatives taken in 2001 in more than 40 countries indicates that industry should prepare for more stringent requirements with regard to emergency planning, corporate transparency and climate change.
This is the conclusion of the annual research carried out by ENHESA – Environmental Policy Centre (EPC). The research, entitled “2002 Global Forecast of Environmental Health and Safety Policy and Regulatory Developments Impacting Industry”, aims at identifying the issues that multinational companies need to focus on in the coming years in order to stay ahead of the regulatory curve and ensure continual compliance in a manner that strengthens business.
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The Internet has had a great impact on how companies communicate with their stakeholders. Companies now have the means to be more transparent than ever before, if they choose to be. And stakeholders have learned to use the Internet for coordinating campaigns aimed at changing corporate behavior.
Infonic, a London-based Internet communications consultant, has created two series of reports that examine how the Internet influences corporate agendas and the perceptions of stakeholders. These reports, entitled Reputation Impact and netAware, include much material about corporate social responsibility (CSR).
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The Global Reporting Initiative (GRI), an international sustainability reporting institution, will be formally inaugurated at a luncheon event to be held at the United Nations headquarters in New York City on 4 April 2002 at 13:00. Incubating under the auspices of the Coalition for Environmentally Responsible Economies (CERES), in collaboration with the United Nations Environment Programme (UNEP) since 1997, the invitation-only event will mark the inauguration of GRI as a permanent, independent global institution.
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An update from the Global Reporting Initiative (GRI), the international guidelines for sustainability reporting.
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On 19 February, the Committee on Employment and Social Affairs held a hearing on the social responsibility of companies. The hearing was organised to give input to the European Parliament’s report on the Commission’s Green Paper on corporate social responsibility (CSR).
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WWF and global communications company, Cable & Wireless plc, have published an innovative and comprehensive toolkit, entitled To Whose Profit?, which provides the first clear ‘route map’ for managers seeking ways to develop a business case for bringing environmental, social and ethical issues to the forefront of their company’s operations.
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KLD Research & Analytics, Inc., a leading provider of social research services for institutional investors, and The Nasdaq Stock Market today announced the launch of the KLD-Nasdaq SocialSM Index (KLD-NSI), the first socially screened index of Nasdaq companies.
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The National Policy Association, an US organisation, has researched the CSR policy of some EU coutries. Europeans have sprung ahead of the United States in fostering an environment that has led to a plethora of innovative public policies.
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A new European Academy on Corporate Social Responsibility is to be launched during July this year, which sees the coming together of some of the continent’s leading business schools. The participants are ESADE (Spain), INSEAD (France), Cranfield Business School, Ashridge Business School (U.K.), Copenhagen Business School (Denmark), The College of Europe and Vlerick Gent Management School (Belgium).
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