Many of the problems in the world today persist because of a too-narrow interpretation of capitalism. Most businesses today are run based on the assumption that people are selfish and interested solely in maximizing their own profit. This is a very one-dimensional view of humans who in reality are very multidimensional. As much as selfishness is part of us, so is selflessness, but the selfless dimension is not taken into account in economic theory. more[...]
Although attention to corporate social responsibility (CSR) issues is wide-spread in the United States (US), laws regarding compliance with CSR standards and disclosure of CSR practices in the US lag behind that of other countries. Countries such as Sweden, Denmark, France, the Netherlands, the UK and others have mandated the disclosure of corporate social responsibility data.[1] more[...]
Novethic conducted this study to assess the quality of CSR reporting of the largest European banks and insurance companies. By comparing the type of information provided by these key economic players on the Environmental, Social and Governance (ESG) aspects of their businesses, we can see how they are reacting to the scrutiny. more[...]
Novethic analysed the reporting of 31 European banks and insurance companies in four areas of CSR (Corporate Social Responsibility): environmental, social and governance issues and their products and services. The study examines how the financial sector has reacted to the questions it has raised since the crisis. The companies surveyed provide detailed reporting on their social policy or their direct environmental impacts, but information is sparse on sensitive governance issues such as executive compensation or tax havens. more[...]
A new study, published by the inter-governmental Financial Action Task Force (FATF), highlights the danger coming from shell companies. These companies without real employees and offices could have legitimate uses but are used although by money launderers, financiers of terrorism, sanctions busters and tax evaders. more[...]
The RBS Group has been a signatory of the UN Global Compact since 2003, and in 2010 our Head of Sustainability became Chair of the UK Network; working to promote the Global Compact’s Ten Principles among UK industries and the wider UNGC community. We support the Compact as we believe that the resources available to businesses can be leveraged to create sustainable development and a more sustainable economy – on both a local and global scale. more[...]
In January 2012, Green Delta Insurance Company Ltd. (GDIC) celebrated its 26th anniversary after being incorporated on December 14, 1985, as a public limited company. The actual operation of the company began on January 1, 1986. At that time, the company only had capital of Bangladeshi Taka (BDT) 30 million. Green Delta Insurance Company Ltd. now holds about BDT 510.3 million more[...]
Arab African International Bank believes in investment in youth for a better future and realizes that its influence as a leading private institution has grown in parallel with its competitiveness. Arab African International Bank was the first bank in Egypt and the region to launch an education program for undergraduates in various universities across the country and offers awards for creative ideas. more[...]
Contributing to society with social responsibility initiatives and actions constitutes a core element of INTERAMERICAN’s mission. For this reason, the company invests significant amounts of time into various social actions, above and beyond the responsible practices that it has integrated into activities of its business operations. From its inception until today, it has continually focused on the people and society in general. more[...]
Eurosif, the European Forum for Sustainable Investment, strongly supports the Proposal of the European Commission, for a Regulation making it mandatory for retail investors to be informed about how environmental, social and governance (ESG) concerns are taken into account in their investment, whether in a mutual fund or other investment-linked products. Eurosif believes that this Proposal represents a major milestone in terms of developing sustainability through European financial markets. more[...]
Labaton Sucharow LLP announced the results of its survey of 500 financial services professionals across the United States and United Kingdom. Conducted by Populus in June, Wall Street, Fleet Street and Main Street: Corporate Integrity at a Crossroads reveals startling data on corporate ethics, the regulatory landscape, and individuals' willingness to blow the whistle on wrongdoing. more[...]
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