A web-based guide that shows businesses how to enhance their bottom line by putting the principles of sustainable development into practice goes online Monday, December 3.
Business and Sustainable Development – A Global Guide (www.bsdglobal.com) puts practical applications of sustainable business into the hands of corporate decision-makers. It was created through a partnership between the Canadian-based International Institute for Sustainable Development (IISD) and the independent, Swiss-based Foundation for Global Responsibility, which specializes in promoting sustainable business practices.
-In the run-up to next year’s World Summit on Sustainable Development, industry is increasingly being put under the spotlight and expected to play its part in creating a world that’s fit for future generations,” said David Runnalls, President of IISD.
-Sustainable development offers big opportunities for business. The so-called -triple bottom line’ – taking into account financial, environmental and social aspects – is now widely used in gauging business performance. Companies can no longer afford to ignore the social and environmental impacts of their activities.”
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Eurosif, the European Sustainable and Responsible Investment Forum, a pan-European network for promoting and developing SRI across Europe is launched today at the EC Belgian Presidency Conference on Corporate Social Responsibility (CSR) in Brussels. The creation of Eurosif has been driven by the recent growth of interest in SRI across Europe, by a variety of actors, including the European Commission, NGOs and investment institutions.
Eurosif will enable the exchange of information and expertise and will act as a platform for all actors in Europe, interested in sustainable and responsible investment. Today, Eurosif has also launched its website – www.eurosif.info – the first pan-European access point on the web for information about sustainable and responsible investment.
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Research released by the Investor Responsibility Research Center reveals upward trends for shareowner activism on social issues.
This year has been the busiest in a decade for shareowner social activism, with 158 social issues proposals going up for proxy vote. What’s more, shareowner support for social policy resolutions has increased significantly, rising an entire percentage point over last year to 8.6 percent in 2001. And the number of proposals receiving more than 10 percent support also increased substantially, with almost 28 percent of the results so far this year topping this important benchmark.
The Investor Responsibility Research Center (IRRC), a Washington D.C.-based independent organization that researches corporate governance, proxy voting and corporate responsibility issues, reported these statistics as of November 15, with results for 147 of the 158 proposals. Even with some of the results still outstanding, the percent of votes garnering more than 10 percent support already surpassed last year’s results, rising from almost 17 percent in 2000 (25 proposals of 150) to almost 28 percent so far in 2001 (41 of 147.)
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The Belgian Presidency and CSR-Europe organised on 27 November the event ‘Europe investing in values’. A survey of European financial analysts and investment managers highlighted the growing recognition of the importance of corporate social responsibility (CSR). A multi-country campaign was launched in order to energise large and small companies around Europe on these topics.
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The Olympic movement has announced that it believes that as sport can be a powerful agent for change, it has the ability and responsibility to contribute to achieving sustainable development in sport and through sport, particularly as the environment – along with sport and culture – is one of the three dimensions of Olympism.
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Representatives from some of the largest multinational corporations in the world gather this week in Seattle to discuss issues such as globalization, environmental policy and labor practices.
But this won’t be another WTO, the infamous 1999 world trade conference that sparked days of violent protests. At the Business for Social Responsibility conference, Microsoft, Ford, Weyerhaeuser and Starbucks will be talking about how they can be better corporate citizens.
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The temptation for organisations to meet the growing demand for information on the environmental, social and economic impact of their activities by putting reports exclusively onto their websites, can create problems for them and the stakeholders who want that information, a new guide by the Association of Chartered Certified Accountants (ACCA) and Next Step Consulting Ltd, communications, policy and strategy specialists, has revealed.
The publication, Environmental, Social and Sustainability Reporting on the World Wide Web: A Guide to Best Practice looks at how the web should be used for sustainability reporting, gives best practice examples and reveals the ‘seven deadly sins’ of web-based reporting – and how to avoid them.
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In preparation for its early-2002 launch as an independent standards-setting body, the Global Reporting Initiative (GRI) has kicked off a drive to enlist an international network of Individual Stakeholders.
By reaching out and engaging a diverse population supportive of improved corporate and organizational accountability and public reporting, said Dr. Robert Kinloch Massie, GRI Steering Committee Chair, we will expand the broad coalition that is working to ensure the long-term viability of an independent GRI.
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An update from the Global Reporting Initiative (GRI), the guidelines for sustainability reporting.
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For the first time, judges also give Honorable Mention to a paper that provides compelling evidence of no significant cost for actively managed screened portfolios.
Multinationals employing the lowest environmental standards possible in their overseas operations would be considered a bad investment by social investors. Those investors would be right on the money, say the winners of this year’s Moskowitz Prize, the social investment industry’s prestigious award for outstanding research in the field of socially responsible investing.
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A group of large Nordic companies are participating in an unusual partnership to create their view of a future sustainable company.
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A conference organised by Business in the Environment (BiE), the business-led campaign for corporate environmental responsibility, on 2 October gave clear guidance to companies on how to -bridge the gap’ between investment in environmental and social responsibility, and the value attributed to this by shareholders. The conference followed research published in May which showed that although companies’ investor relations managers believed they were communicating effectively on these issues, investors did not agree.
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