FSG, the nonprofit consulting firm which I help lead, has witnessed an amazing evolution in corporate philanthropy during the last 10 years. We have witnessed the unprecedented examination and gradual repurposing of corporate philanthropy. For anyone who cares about solving social problems, it has never been a better time to be part of the private sector. more[...]
Having become a participant of the UN Global Compact in 2003, Groupe SEB is committed to respecting the Ten Principles of the agreement. For the Group, which has a presence in several continents, including Asia, it was necessary to find a tool capable of transforming this commitment in principle into a concrete reality. This would enable an evaluation of the manner in which these Principles were taken into account locally in each of the Group’s subsidiaries. Accordingly, in 2007 the Group adopted the HRCA Quick Check (Human Rights Compliance Assessment) – a self-assessment tool developed by the Danish Institute for Human Rights and supported by the United Nations. more[...]
Whilst corporate social responsibility has been much studied there is little evidence concerning the factors that encourage or hinder environmental, social and governance investment. Willam Rees takes the view that climate change, the failure of corporate governance contributing to the financial crisis and problems with the ethical approach of firms and wealth inequalities, particularly in developing economies, all point to the importance of corporate social responsibility in general and ESG in particular. more[...]
Arab African International Bank (AAIB) believes in the significance of conserving the global environment for future generations and realizes the major role it has to play regarding this increasingly important issue. AAIB was the first bank in Egypt and the second in the region to adopt the Equator Principles to appraise projects’ financing while taking into consideration the social, ethical, and environmental hazards. more[...]
With the design of the ISO 26000 norm, the ISO picked up suggestions proposed by their own consumer organizations pertaining to social responsibility in companies operating in global markets. ISO 26000 is not a management system standard. It is not intended or appropriate for certification purposes or regulatory or contractual use. more[...]
With the design of the ISO 26000 norm, the ISO picked up suggestions proposed by their own consumer organizations pertaining to social responsibility in companies operating in global markets. In June 2002, the consumer policy committee met to discuss this subject. In the run-up to this meeting, a report entitled The Desirability and Feasibility of ISO CSR Standards was created. The first ISO meeting was held in 2004 in Sweden and determined that the standard would not be a corporate social responsibility (CSR) but an SR standard. more[...]
In today’s corporate responsibility debate, so-called soft laws are omnipresent. They seem to be the best solution to combine a maximum of social responsibility with a minimum of public interference. Their rise is closely connected with the age of globalization. more[...]
How do companies handle CSR reporting? What is new and innovative? And most important: where do experts see the market going? Susan McPherson from Fenton talks with Allyson Park, VP Worldwide Public Affairs & Communications, Coca-Cola, Ephi Banaynal, Global Director, Sustainability Management & Strategy, SAP, Kierstin Regelin, Global Social Innovation, HP and Emily Cichy, Manager, Corporate Citizenship, Disney. more[...]
Emphasizes the second objective of the Global Compact by articulating how companies can support development objectives through their core business; strategic social investments; advocacy; partnerships and collective action. Available Global Compact platforms for business to support development goals are identified and examples of how companies are already contributing to this agenda are showcased. (Source: UNGC) more[...]
Provides an overview of CEO perspectives on progress to date, challenges ahead and the journey towards a sustainable economy. The report is based on an extensive study of nearly 1,000 Global Compact CEOs. (UNGC/Accenture, 2010) more[...]
Biodiversity underpins development through the provision of products such as food, fibre and medicines and ecosystem services such as the regulation of water supply and air quality. Though billions of people around the world depend on such ‘goods’ and services, this contribution is neither fully recognized nor valued in markets. more[...]
The decline in nature’s ability to provide ecosystem services – the benefits humans derive from ecosystems – can present material risks and opportunities to business. However, managers have only just begun integrating considerations of ecosystem services into corporate decision-making processes. One resource has been the Corporate Ecosystem Services Review (ESR), a set of guidelines that has helped managers improve both corporate performance and the environment. more[...]
It is increasingly clear that the key to addressing environmental problems in general and climate change in particular is innovation. And to ramp up innovation requires incentives that engage the private sector in the process of research and development of new technologies and systemic change. The most effective way to draw business into the search for greater energy efficiency, renewable energy, and better pollution control lies with making companies (and people) pay for the harms they cause. more[...]
When it comes to determining the primary audience for sustainability reports, is it investors, customers or another stakeholder group? A recent study by Ernst & Young and GreenBiz.com found employees to be the second most important audience for sustainability reports. That’s not surprising when you consider that the study also found employees to be second only to customers as drivers of sustainability initiatives. more[...]
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