420 individiuals from across the globe contributed their voices to the recently concluded Structured Feedback Process (SFP). In an effort to gain feedback on many aspects of the 2002 Guidelines from a diverse array of stakeholders in all global regions GRI designed this SFP to include those organisations that report using the Guidelines and also those that use data from sustainability reports.
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High performing businesses show a strong correlation between CSR (corporate social responsibility) activities and stronger performance in terms of productivity and profitability than other businesses, according to new analysis conducted by The Work Foundation and The Virtuous Circle. The report, Achieving High Performance: CSR at the Heart of Business, published on 25 March 2004, argues that there is now a sufficient weight of empirical evidence to indicate that building CSR activities into the heart of business strategy leads to higher productivity and profitability.
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Three European firms today beat 26 other national Award winning organisations from 15 European countries when they received awards for excelling at reporting on the social and environmental impacts of their activities. Awards winners in the eighth year of the European Sustainability Reporting Awards (ESRA) were Novo Nordisk A/S (Denmark) and Aalborg Portland A/S (Denmark). Slibverwerking Noord-Brabant (Netherlands) received a Commendation.
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U.S. businesses are lagging behind their counterparts in
Europe, Australia and South Africa in taking seriously their corporate social responsibility or CSR,
according to a new study released today by Echo Research, the global specialists in reputation
audit and analysis. While, major U.S. multinationals still lead in philanthropy, they have a -blind
spot” that misses the growing importance of CSR to socially responsible investing around the
world, the study found.
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SustainAbility, in partnership with the United Nations Environment Programme and Standard & Poor’s, are calling for companies and organisations producing sustainability reports/websites to submit their latest report/website for the next Global Reporters international benchmark survey.
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Metals and oil magnate Viktor Vekselberg surprised the country in February when he dropped over $90 million to return the Faberge egg collection to Russia. Just last month Roman Abramovich’s Sibneft assumed a $54 million sponsorship deal with Moscow soccer team CSKA.
Oligarchs are scrambling to outdo themselves in conspicuous displays of giving, but are such investments into the arts and sports a corporate duty or a purely voluntary decision?
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The WBCSD released “Doing business with the poor: A field guide”. Dhtis guide explores how several companies are starting to break into an untapped market of over four billion potential customers in ways that benefit both the poor and the company.
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The World Bank Group (WBG), whose mission is to alleviate poverty in the developing world, exerts influence not only through its own investments and actions, but also as an exemplar. A coalition of US- and Canada-based socially responsible investment (SRI) advocates is urging WBG President James Wolfensohn to set just such an example by implementing recommendations of the Extractive Industries Review (EIR).
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The March 2004 Update of the Global Reporting Initiative (GRI).
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Royal Philips Electronics (NYSE: PHG, AEX: PHI) today released the company’s second annual Sustainability Report. The Report shows the progress made against goals established in the 2002 version. An important step was the extension of the sustainability principles to Philips’ 50,000 suppliers.
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The results of the second Corporate Responsibility Index were published today (Sunday, March 14th 2004) in The Sunday Times ‘Companies that Count’ supplement. Participation in the Index is up by 14% on the previous year, with 139 companies now using it as a tool to manage, measure and report their corporate responsibility. The results reveal an increase in the average score up from 68% to 80%.
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This position paper outlines the requirements and recommendations as identified by ANEC with respect to the desirability and feasibility of standards on Corporate Social Responsibility (CSR). Both at national and international level, initiatives exist related to CSR and standardisation. In some countries, the national standards body embarked on elaborating a national CSR standard, whilst the Consumer Policy Committee of ISO (ISO COPOLCO) recommended to ISO Council to explore the feasibility and
desirability of a Management System Standard (MSS) in line with ISO 9000/ISO 14001 on CSR. In addition, at European level, a Multi-stakeholder Forum was set up to improve knowledge about the relationship between CSR and sustainable development.
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