The United Nations Global Compact, a voluntary grouping of companies and pressure groups that promotes corporate social responsibility, is preparing its first in-depth study of whether the initiative is having any measurable impact on businesses.
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The publication of a global framework setting out the Government’s approach to Corporate Social Responsibility (CSR) at the international level, was announced by CSR Minister Stephen Timms today.
The draft strategic framework focuses on encouraging action and progress to maximise the business contribution to social, environmental and economic development.
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The United Nations Conference on Trade and Environment (UNCTAD) has released new guidelines on eco-efficiency indicators that link the environmental performance of corporations to their financial performance.
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Shareholders may deploy a powerful new weapon against companies that fail to disclose the social, ethical and environmental risks to their business by refusing to endorse the company report and accounts, a leading investor lobby group warned yesterday.
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The February 2003 Update of the Global Reporting Initiative (GRI).
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A new initiative offers guidance for listed companies on how to achieve good corporate governance. It comes against a backdrop of major corporate scandals such as at the Italian food giant Parmalat and the Dutch retailer Ahold.
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Representatives of the Commission, business community and academia have been debating differences and points of convergence between the concepts of corporate governance and CSR.
Corporate ethics has entered the limelight in the past few years as a result of a surge in corporate scandals of different genres, involving financial fraud, ecological damage and the exploitation of local communities.
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A survey, entitled “Race to the Top: Attracting and Enabling Global Sustainable Business”, has found that sixty-one per cent of respondents (executives of multinational enterprises) were seeking strong laws on CSR when seeking partners, which are rigorously enforced to create a level playing field for business and discourage corruption. The survey, commissioned by the World Bank Group, has examined the role of CSR when large corporations consider new trade and investment ventures.
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ISO (International Organization for Standardization) is to hold an international conference on the social responsibility of organizations on 21-22 June 2004 in Stockholm, Sweden.
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A new report from the Nordic Partnership takes the temperature of business/NGO partnerships in the Nordic region one year after the 2002 Johannesburg Summit. The report, -A New Era of Nordic Partnerships for Sustainability?” finds that many Nordic organisations are struggling to find their place in this new era of partnerships, despite the Nordic tradition of stakeholder dialogue.
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January 2004 update of the Global Reporting Initiative (GRI).
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As world business leaders and political figures gather in the fenced-off Alpine resort of Davos for their traditional New Year get-together, Christian Aid is calling on the politicians to take responsibility for the ethical operation of companies rather than surrendering it to those from business peddling fine words and lofty sentiments.
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