SAM today announced the results of the annual review for the Dow Jones Sustainability Indexes (DJSI). Effective with the opening of equity markets on September 20, 2004 the Dow Jones Sustainability World Index will again include over 300 companies from 24 countries that lead their industries in terms of corporate sustainability. The pan-European sustainability benchmark – the Dow Jones STOXX Sustainability Index – will include 167 companies from 13 countries. Both indexes will continue to closely mirror the sector distribution of the corresponding mainstream equity benchmarks.
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Companies are currently facing a great variety of approaches and requirements concerning the implementation of sustainability strategies and the provision of sustainability reports. Questions focus on the relative significance ascribed to environmental protection and product orientation compared to -new issues” such as social aspects in the supply chain or employee interests. Of course, social issues are not new, but until recently they have been discussed separately.
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For the first time, the SAM/SPG Sustainability Leadership Award, which acknowledges personal excellence in implementing the principles of sustainability in the corporate sector, has gone to a leader as well as to a pioneer. The jury has singled out Antony Burgmans, Chairman of Unilever N.V., as a leader who, during his years at the helm of the big multinational, has successfully championed sustainability. Robin Cornelius, the founder and CEO of Switcher, has been honoured as a pioneering entrepreneur. A total of 51 candidates were nominated for this year’s award, compared with 43 last year.
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The main objective and primary social responsibility of a firm or a company is to maximize its profits and remain financially successful. This priority is widely accepted in the textbooks and corporate executive offices in the United States and other industrialized capitalist countries. I am confident that most employees of a corporation would also agree with this priority.
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(Published in The Financial Times of August 18, 2004).
Sir, It is encouraging to see the London Stock Exchange becoming involved in corporate social responsibility matters, with its new online disclosure tool, the Corporate Responsibility Exchange (“Exchange acts to end burden of governance”, August 16).
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(Published in The Financial Times of August 18, 2004).
Your article “Exchange acts to end burden of governance” (FT.com, August 16) illustrates that, even though fatigued and reticent, companies feel compelled to respond to the growing number of ad-hoc surveys seeking transparency in corporate governance and social responsibility matters. The pressure shows that the growing interest in environmental and social balance sheets is a sign of our times and here to stay, and the London Stock Exchange is to be commended for recognising the issue.
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In four out of ten industry sectors, Nordic companies perform better on environment, human rights and corporate governance than their European competitors, according to a new study from GES Investment Services. But overall, British companies are outstanding.
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Interest in sustainability reporting by the public sector has been growing rapidly. Agencies on every tier of government have started down the road to better transparency and reporting on their sustainability impacts, just as the general public has started to increase demand for more accountability. An international multi-stakeholder working group has drafted a Sector Supplement to compliment GRI’s Sustainability Reporting Guidelines and meet the reporting needs of public agencies.
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The OECD Guidelines recommend principles and standards for multinational enterprises, but they do not prescribe precise ways in which to measure and report actual behaviour. Where complementarities exist, the GRI indicators can be used to help measure and report on performance in relation to some of the recommendations set forth in the OECD Guidelines.
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Gearing Up, a new SustainAbility report launched on 24 June in New York at the United Nations Global Compact Leaders Summit, concludes that despite achieving impressive momentum the corporate responsibility (CR) movement is bumping up against real limits. Some responsible businesses have scratched the surface of global issues like climate change and HIV/AIDS, but just as many work to maintain the status quo. The efforts of business, in combination with government and civil society, are quite simply being outpaced by the problems. It’s time for change.
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Business and NGOs clash on conclusions of final report of Multi Stakeholder Forum on Corporate Social Responsibility.
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What you would like to see in GRI’s first sustainability report? As a member of GRI’s international network you are an important stakeholder in the organisation.
We value your thoughts on the general parameters we have set for the report –
which include key decisions around issues such as boundaries, presentation, assurance and engagement. You are invited to submit your responses to a concise six-question
survey on these issues. It will take less than 60 seconds to fill out, and your responses will remain anonymous. This short six-question survey will help us assess whether or not we are meeting your expectations.
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