(Published in the Slovak Spectator on 26 july 2004)
CORPORATE social responsibility is only at the beginning of its path in Slovakia. Large companies with foreign capital usually have included this strategy in their corporate policy, but the Slovak business sector and the general public are still looking for ways to support society.
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ISO is to develop an International Standard for social responsibility. The objective is to produce “a guidance document, written in plain language which is understandable and usable by non-specialists” and not intended for use in certification.
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Speech by Mr Erkki Liikanen
Member of the European Commission, responsible for Enterprise and the Information Society
“Corporate Social Responsibility: the way forward”
EU Multi-Stakeholder Forum on CSR
Brussels, 29 June 2004
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The EU Commission welcomes recommendations of the EU Multi-Stakeholder Forum on how to advance the European agenda on corporate social responsibility (CSR).
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AccountAbility is pleased to announce the release of the latest AA1000 Assurance Standard Practitioners Note. This Practitioners Note was produced from a consultation with representatives from companies, assurance providers, non-governmental organisations, and government in Johannesburg, South Africa.
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Today sees the launch of the first global index, The Accountability RatingÃ??, which evaluates how well the world’s 1001 largest companies account for their impacts on society and the environment. This topical index is released at a decisive time, as trust in big business continues to be eroded by corporate scandals.
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The oil giant Shell, already under scrutiny for overstating its oil reserves, stands accused of polluting communities, damaging wildlife habitats and failing to live up to its promise of environmental and social responsibility in a new report launched by Friends of the Earth today (Wednesday 23 June), ahead of the company’s annual general meeting (AGM).
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SURVEYS show companies that practise good corporate social responsibility (CSR) benefit significantly in terms of better financial performance, lower staff turnover, enhanced brand image, and a competitive advantage over their rivals.
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In collaboration with the World Economic Forum’s Logistics and Transportation Corporate Citizenship Initiative, GRI began work to develop a Sector Supplement for this industry this month. The sector supplement will aim to help companies engaged in activities spanning shipping, air, road and rail transportation as well as postal services, freight, express and logistics activities better apply the GRI Sustainability Reporting Guidelines.
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The GRI Guidelines have enjoyed rapid uptake by large companies, but reporting by smaller companies is still rare. Initial feedback from Small and Medium Sized Enterprises (SMEs) shows that there are some barriers to reporting, including that the Guidelines are not in a format that optimizes their use by SMEs; and many SMEs remain unaware of sustainability reporting and the associated benefits. This project, funded by a 150,000 Euro grant from the Dutch Ministry of Economic Affairs will fill these gaps.
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Crown Princess Victoria of Sweden officially opened the ISO conference on social responsibility in Stockholm today, declaring, “Social responsibility concerns us all”.
The conference, 21-22 June 2004, hosted by the Swedish Standards Institute (SIS), will provide feedback to assist ISO in deciding whether or not to propose the development of International Standards or other ISO tools addressing the social responsibility of organizations.
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One measure of the development of corporate social responsibility (CSR), or the incorporation of ethical, environmental, and sustainability considerations into business practice, is the prevalence of CSR policies at companies. A report released last month by the University of Hong Kong’s Center of Urban Planning and Environmental Development surveys the incidence of CSR policies globally. Entitled Corporate Social Responsibility in Europe, North America, and Asia: 2004 Survey Results, the report is authored by Richard Welford, deputy director of the Corporate Environmental Governance Programme (CEGP) there.
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