A new website carrying the latest news and information about the commercial rationale for corporate responsibility from the UK and around the world went live this week.
The website is led by AccountAbility, a leading international corporate responsibility and sustainable development organisation, and the Center for Corporate Citizenship at Boston College in the USA, in partnership with ten other likeminded organisations around the world.
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In a recent survey, nongovernmental organizations say they believe CSR reports that disclose noncompliance, poor social or environmental performance, and big challenges.
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Anna Diamantopoulou European Commissioner responsible for Employment and Social Affairs The role of public policies in promoting CSR Address at the Presidency Conference on Corporate Social Responsibility Venice, 14 novembre, 2003
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The Japanese Ministry of Economy, Trade and Industry (METI) launched the CSR Standard-Making Initiative as a new project of the
Japanese Standards Association (JSA).
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(Published in Fortune on 10 november 2003).
Over the past couple of years a surprising trait has emerged among the oil giants: Some of their most outstanding employees are actually environmentalists. Or at least you’d think so from their advertising. From BP’s claim to be moving “beyond petroleum” to Exxon Mobil’s “promise of technology,” the companies that fill our gas tanks are trying their darnedest to build an eco-friendly image. But will the pitch pay off with investors?
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A new report, Strengthening Implementation of Corporate Social Responsibility in Global Supply Chains, issued by Business for Social Responsibility (BSR), the Danish Institute for Human Rights (DIHR), and the Copenhagen office of PricewaterhouseCoopers, assesses barriers to the implementation of CSR in global supply chains, and outlines options for the “next generation” of efforts to improve labor and environmental conditions in suppliers’ workplaces and their communities. The World Bank Group commissioned the report, with additional support from the Royal Danish Ministry of Foreign Affairs and the Levi Strauss Foundation.
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In the wake of huge corporate scandals in Japan and the United States, companies are under pressure to be more socially responsible.
The trend has fed demand for universal guidelines for firms to use in filing reports on how they are performing in terms of society, the environment and ethics, according to Ernst Ligteringen, head of the Amsterdam-based nonprofit organization Global Reporting Initiative, known as GRI.
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Corporate boards are putting more pressure on CEOs to build corporate reputation, which is perceived as more important than it was four years ago by global company CEOs, presidents and chairmen who responded to the survey conducted by recruitment firm Korn/Ferry International.
The fifth annual corporate reputation watch survey was conducted in conjunction with ORC International in August and September 2003. Some 257 executives with qualifying titles of CEO, president or chairman from 199 public and 54 private companies across the US, Asia and Europe were surveyed.
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CSR Europe has invited key stakeholders to explore the concept of sustainable trade and what it means for the business community.
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As of this week, visitors to the WBCSD’s Sustainable development reporting portal can access quick and easy information detailing which member company is reporting, on what, and when.
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British Petroleum and Royal Dutch Shell received strong ratings for their policies in ethics, transparency and corporate social responsibility. Both got ‘B’ ratings on a scale of A (highest) to D (lowest). These are the first ethics ratings to be given to oil companies and are significant for investors. Oil companies are ethically high-risk companies, being regularly plagued by oil spills, chemical explosions, fatalities, litigation and management scandals. A landmark study by international ethics rating agency Management & Excellence (M&E) finds that oil companies are investing more in equipment, social policies and employee trainings, resulting in fewer mishaps.
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A number of developments relevant to CSR have happened at the ISO level over the past few months:
(1) the ISO Advisory Group on Corporate Social Responsibility has met, and worked out a process for selecting a service provider to assist them in
developing a “state of the art of CSR and issues” document, and timelines for this and related items;
(2) the ISO Consumer Policy Committee has met, and issued a recommendation concerning ISO CSR work;
(3) the ISO Technical Management Board has met, and provided guidance concerning next steps;
(4) the service provider has been selected to develop background work for the Advisory Group’s report on the state of the art of CSR and issues
document;
(5) timelines for future work have been clarified; and
(6) two new members to the Advisory Group have been added.
Each of these six items is discussed in more detail below.
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