The OECD is undertaking a major Review of its Guidelines for Multinational Enterprises. The review will update and improve the recommendations in the Guidelines, many of which have not been altered significantly since their adoption in 1976.
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Managing social issues is a critical reputation asset, vital for the survival of today’s corporations. This was the message today at the World Business Council for Sustainable Development’s London launch of its second report on Corporate Social Responsibility, Making Good Business Sense.
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Shell Aviation has unveiled a new jet fuel additive which it claims could improve fuel efficiency by several percentage points. Currently being tested by Dutch airline KLM, the pioneering additive aims to provide both environmental and commercial benefits to commercial aviation, Shell says.
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“The Copenhagen Charter – a management guide to stakeholder reporting”, has been published by the Danish offices of Ernst & Young, KPMG, PricewaterhouseCoopers and the House of Mandag Morgen. The Copenhagen Charter was launched at the Building Stakeholder Relations conference on 16 November 1999.
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The United Nations Environment Programme (UNEP) has received a grant totaling $3 million over two years from the United Nations Foundation (UNF) to support the Global Reporting Initiative (GRI), an international effort designed to develop guidelines for measuring the social, environmental and economic performance of multi-national companies. The grant will be administered by UNEP through its Technology, Industry, and Economics Division based in Paris, France.
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A recent study by Innovest Strategic Value Advisors, a New York-based financial advisory firm, found that utilities with above average environmental performance outperformed those with below-average performance by over 600 basis points during the previous year. The study confirms nearly 100 other studies which found a positive correlation between environmental and stock market performance, largely because environmental performance is an excellent proxy for management quality, a key determinate of stock returns.
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A recent study by Innovest Strategic Value Advisors, a New York-based financial advisory firm, found that utilities with above average environmental performance outperformed those with below-average performance by over 600 basis points during the previous year. The study confirms nearly 100 other studies which found a positive correlation between environmental and stock market performance, largely because environmental performance is an excellent proxy for management quality, a key determinate of stock returns.
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The European Union study report about environmental accounting and reporting has been published and is available online. The study has been carried out by the University of Sunderland (UK), by great suprise in the field of experts of environmental reporting and accounting.
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Dow Jones Sustainability Group Indexes GmbH (DJSGI GmbH) announced the launch of the world’s first global indexes that track the performance of the leading sustainability-driven companies world-wide. The Dow Jones Sustainability Group Indexes (DJSGI) family consists of one global and three regional (North America, Europe and Asia-Pacific) indexes, as well as a United States index. […]
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Again there a recent two-year study adds to the growing literature that shows a positive relationship between environmental performance and company shareholder value. Results indicate that going beyond compliance and developing environmental products enhance earnings per share and profitability. Deutsche Bank, Electrolux, Gerling, ICI, Monsanto, Unilever, and Volvo participated in the study as part of a consortium researching the topic.
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