A new report has been published aims to develop guidance for effective board action on corporate responsibility. Both the Combined Code on Corporate Governance and the new Company Law Reform Bill give directors duties related to corporate responsibility*. This report outlines the challenge boards face in fulfilling them, and the actions they can take in order to do so.
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Business for Social Responsibility (BSR) has released a new report that reviews how well the Global Reporting Initiative (GRI) Economic Performance Indicators have been applied by 33 companies, including GE, McDonald’s, Novo Nordisk, Shell, Starbucks and Toyota. “Reporting on Economic Impacts” evaluates how the Economic Performance Indicators have been used and proposes recommendations for updating the GRI Guidelines.
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Global socially responsible investment specialists EIRIS have found that 24 per cent of companies world-wide have good or advanced systems in place to manage social, environmental and other ethical (SEE) risks. The survey, SEE Risk Management: an analysis of its adoption by companies, is the first of its kind and analysed companies in Europe, the Asia-Pacific region and Canada.
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CSR reporting has grown over the past few years, but the information provided by those reports isn’t always used for strategic advantage. Tying values and measures to a Balanced Scorecard could be the way to make good intentions more profitable.
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UNILEVER’S office in the swanky TM Towers has the look and feel of an aggressive corporation with its computer chip-activated doors, glass panels, and other ultra-modern fittings.
But managing director (foods retail) Bernadette Wake’s room departs from all that décor; her door being a gallery of heartfelt and colourful drawings by her eight-year-old son James while family photographs line the tables and walls.
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The coalition of technology companies implementing the Electronic Industry Code of Conduct (EICC) today reported on progress to date it has made in efforts to develop industry-wide approaches and tools designed to improve workplace conditions in the industry’s global supply chain.
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The European Social Investment Forum (Eurosif), in partnership with global SRI specialists and founding Eurosif member Ethical Investment Research Services (EIRIS) has published a report on the chemicals sector highlighting key challenges for the industry across Europe in the coming decade.
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Innovest Strategic Value Advisors announced today the release of its latest investment research tool – Global Compact Plus.
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The results of the 2005 Accountability RatingÃ??, a corporate accountability rating of FORTUNE global 100Ã?? companies, were announced today by international think tank AccountAbility and consultancy csrnetwork. The rating, to be published in the 3 October international editions of FORTUNE magazine, scores companies on how seriously their future decisions will consider non-financial issues.
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Big companies are rewarded for maximizing profits, not necessarily social benefits. As a result, the corporate social responsibility movement — which assumes that companies can do well by doing good — is lulling the public into a false sense of security, warns Deborah Doane, author of the featured article in the Fall 2005 issue of Stanford Social Innovation Review.
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Since 19 September, Air France – KLM has joined the list of firms in the Dow Jones Sustainability Indexes, both on a worldwide (DJSI World) and European (DJSI STOXX) scale.
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Five years after the official launch of a revised version of the OECD’s Guidelines for Multinational Enterprises, 39 governments have reaffirmed their commitment to making them an even more useful instrument for promoting corporate social responsibility among multinational enterprises.
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