In preparation for its early-2002 launch as an independent standards-setting body, the Global Reporting Initiative (GRI) has kicked off a drive to enlist an international network of Individual Stakeholders.
By reaching out and engaging a diverse population supportive of improved corporate and organizational accountability and public reporting, said Dr. Robert Kinloch Massie, GRI Steering Committee Chair, we will expand the broad coalition that is working to ensure the long-term viability of an independent GRI.
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An update from the Global Reporting Initiative (GRI), the guidelines for sustainability reporting.
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For the first time, judges also give Honorable Mention to a paper that provides compelling evidence of no significant cost for actively managed screened portfolios.
Multinationals employing the lowest environmental standards possible in their overseas operations would be considered a bad investment by social investors. Those investors would be right on the money, say the winners of this year’s Moskowitz Prize, the social investment industry’s prestigious award for outstanding research in the field of socially responsible investing.
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A group of large Nordic companies are participating in an unusual partnership to create their view of a future sustainable company.
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The Business Case for Sustainable Development: Making a Difference Towards the Johannesburg Summit 2002 and Beyond is the latest report of the World Business Council for Sustainable Development (WBCSD).
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World Bank President James D. Wolfensohn appealed to business leaders to further expand their notions of corporate responsibility beyond earnings to encompass obligations to society at large, especially in developing countries.
Corporate sustainability today includes recognition of the leadership role that the private sector must take in ensuring social progress, improved equity, higher living standards, and stewardship for the environment, Wolfensohn said yesterday in a World Bank-sponsored workshop. Corporate responsibility is not philanthropy-it is good business, he said.
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Listed companies that are leading the way with their environmental and social policies are selling themselves and their shareholders short by failing to make the case to the City, according to research published by Business in the Environment (BiE). When asked to name spontaneously the most important factors to take into account when judging companies, 13% of companies’ own investor relations managers (IRMs) deemed environmental and social issues important – but only 3% of analysts, 4% of institutional investors and 3% of financial journalists.
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Private initiatives for corporate responsibility have been a major development in international management over the last twenty years. The initiatives include issuance of codes of business conduct, implementation of management systems and broader efforts to improve business accountability. Yet, there is little agreement about what these initiatives mean or how effective they are.
The OECD project on corporate responsibility seeks to shed light on various aspects of the corporate responsibility movement: What are firms and business associations doing? How have governments influenced the initiatives? What contributions, if any, have these initiatives made to improving the business sector’s ability to comply with law and regulation and to respond to broader societal expectations?
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A conference organised by Business in the Environment (BiE), the business-led campaign for corporate environmental responsibility, on 2 October gave clear guidance to companies on how to -bridge the gap’ between investment in environmental and social responsibility, and the value attributed to this by shareholders. The conference followed research published in May which showed that although companies’ investor relations managers believed they were communicating effectively on these issues, investors did not agree.
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SAM Sustainable Asset Management / Sustainable Performance Group (SPG) for the first time presented the Sustainability Leadership Award. This annual award acknowledges an individual who, through his willingness to question orthodox thinking and determination to make alternative solutions work, has managed to make tangible progress in corporate sustainability.
The winner was picked by an independent jury and received a prize sum of CHF 50,000.
The first winner is Ray C. Anderson, CEO of Interface Inc.
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ISO’s Committee on consumer policy (COPOLCO) is carrying out a feasibility study on standards for corporate social responsibility and has launched an online forum to gather stakeholder views.
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The value of world’s ethical investment portfolio has been estimated at US$1.42 trillion in the September issue of The Cerulli Edge-Global Edition published by Cerulli Associates, a well-regarded Boston and London based research consultancy.
The report’s figures highlight the dominance of the United States when it comes to ethical investment. Funds under SRI management in each region of the world, according to Cerulli, are: United Sates (US$1,350 billion), Canada (US$33 billion), Australia (US$0.5 billion), Japan (US$1 billion), Asia ex-Japan (US$1 billion) and Europe (US$38 billion).
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