The Global Reporting Initiative (GRI), an international sustainability reporting institution, was formally inaugurated at a luncheon attended by over 200 guests at the United Nations headquarters in New York City on 4 April 2002. The GRI was
convened in 1997 by the Coalition for Environmentally Responsible Economies (CERES), in collaboration with the United Nations Environment Programme (UNEP).
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In its March 4 issue, Fortune magazine published its twentieth annual list of “America’s Most Admired Companies.” The global consultancy firm HayGroup conducted the research, asking 10,000 executives and securities analysts to rate companies on a scale of zero (worst) to ten (best) based on eight attributes, one being social responsibility.
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The GRI is pleased to release the Draft Version of the 2002 GRI Sustainability Reporting Guidelines for public review and comment.
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An introduction for policy-setters and operational managers, featuring best practice from eight leading companies in the food and beverage sector. There is relatively little practical guidance available to help companies respond to wider social responsibilities. Tools that do exist tend to apply to any company and can therefore be somewhat generic; there is almost no guidance that spells out the wider social responsibilities faced by companies in specific industry sectors. The Forum has produced this report to explore how real social issues affect companies in this sector. It gives an insight into the complexity of these issues and provides resources for further information, as well as highlighting practical examples of company responses.
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The Commission Services are pleased to present the comparative study on corporate governance codes relevant to the EU and its Member States. The study has been undertaken by the international law firm Weil, Gotshal & Manges LLP, in consultation with the European Association of Securities Dealers and the European Corporate Governance Network.
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On 25 March, the European Parliament’s Industry Committee adopted its contribution to the Parliament’s opinion on the Green Paper on corporate social responsibility (CSR).
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Last week, the London-based stock market index firm FTSE Group announced the results of the semi-annual review of its FTSE4Good series of socially responsible investment (SRI) indexes. An additional 82 companies (one of them is KPN) have met the FTSE’s corporate social responsibility criteria and will be added to several of the FTSE4Good indexes. Many of the companies newly joining the FTSE4Good universe are large American firms. FTSE also released performance statistics of the indexes since the last review.
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The International Chamber of Commerce (ICC) launched its Business Charter for Sustainable Development in 1990. The Charter consisted of a short introduction and a set of 16 principles for environmental management and has been one of the most discussed ICC environmental efforts.
The ICC Project 2001 may provide ground for the ongoing dialogue related to the role and effectiveness of voluntary initiatives, particularly those to be launched in South Africa during the 2002 United Nations World Summit on Sustainable Development.
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Several Japanese companies are beginning to follow the ethics compliance management system standard named ECS2000. It and other additions to the rapidly expanding area of ethical corporate behavior, such as the draft Israeli standard SI 10000 for social responsibility and community involvement, are fueling broader
efforts to investigate the practicality of a common, worldwide business ethics guideline. The idea is to mimic the approach used for existing environmental and quality management by the International Organization for Standardization, the voluntary, global federation of standards-writing experts from 141 countries.
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The Investor Responsibility Research Center (IRRC) has released its extensive review and analysis of the fees public companies pay to their auditors, which were broken out into fees for audit and non-audit services for the first time last year under new SEC regulations. The Audit/Non-Audit Fee Landscape: Analysis and Benchmarks covers more than 1,200 companies in the S&P 500, S&P MidCap, and S&P SmallCap indexes.
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The Internet has had a great impact on how companies communicate with their stakeholders. Companies now have the means to be more transparent than ever before, if they choose to be. And stakeholders have learned to use the Internet for coordinating campaigns aimed at changing corporate behavior.
Infonic, a London-based Internet communications consultant, has created two series of reports that examine how the Internet influences corporate agendas and the perceptions of stakeholders. These reports, entitled Reputation Impact and netAware, include much material about corporate social responsibility (CSR).
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The analysis of nearly one thousand environmental, health and safety regulatory initiatives taken in 2001 in more than 40 countries indicates that industry should prepare for more stringent requirements with regard to emergency planning, corporate transparency and climate change.
This is the conclusion of the annual research carried out by ENHESA – Environmental Policy Centre (EPC). The research, entitled “2002 Global Forecast of Environmental Health and Safety Policy and Regulatory Developments Impacting Industry”, aims at identifying the issues that multinational companies need to focus on in the coming years in order to stay ahead of the regulatory curve and ensure continual compliance in a manner that strengthens business.
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