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CSR - Corporate Social Responsibility

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so much more info to follow...... this just for now:


CORPORATE SOCIAL RESPONSIBILITY 

In the 1990s, business began to implement codes of corporate governance which included sustainability commitments, with a small amount of action. Meanwhile, they began to invest in ‘social businesses’ and the meme of community was taken up by the media. Politicians too spread this ideology.  The 00s saw a rise in environmental action taken by the corporations, to fit in with what the law required, as well as a rise in ‘corporate social responsibility’ (the need for business to benefit society, “to act in the interest of the wider community”). These are now requirements, under changes to Company Law, worldwide.

Big business has embraced these concepts, and is now said to operate according to the ‘triple bottom line’ of ‘people, planet, profit', ie social, environmental, and monetary benefit. Does this mean then that the big corporations have evolved into benevolent beings? Are the people just slow to catch up with the advances of philanthrocapitalism/conscious business? Or do they stand to gain from investing in social causes and sustainable practices?

This website will demonstrate not only that they stand to gain handsomely from these policies, but that they are shaping and controlling the establishment of the ‘global village’ – all kinds of people, including those who do not trust corporations, look set to fall for the Global Brand now being prepared for us. All products will belong to this brand: those which do not will simply disappear. Perhaps even the Occupy activists (seeking accountability as the prize for their revolution) and environmentalists will embrace it, because the new brand is said to be fair, sustainable, and socially conscious. The corporate coup is the reformulation of ethics.

 It began as business ethics and corporate governance, with claims of greenness or sustainability. Now it’s a full-blown, (quintessentially ambiguous), socialist-sounding ideology, and it’s the law, for businesses, around a large part of the world.

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ISO 26000:2010 Guidance on social responsibility

http://www.iso.org/iso/catalogue_detail?csnumber=42546

 

PLENTY OF RESOURCES HERE:

FOR EXAMPLE:  Knabb, Joshua J. (2009-03) Neuroscience, moral reasoning, and the law. Behavioral Sciences , 57(1), 133-236. DOI: 10.1002/bsl.854

http://psydoctor8.tumblr.com/neurolaw

 

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The World Is IBM's Classroom

IBM has set up a Peace Corps-like program that aims to turn top management prospects into global citizens, by Steve Hamm

Global Team Building, March 12, 2009

Modeled on the U.S. Peace Corps, the program aims to turn IBM employees into global citizens. Last year, IBM selected 300 top management prospects out of 5,400 applicants. It then trained and dispatched them to emerging markets for a month in groups of 8 to 10 to help solve economic and social problems. The goal, says IBM's human resources chief, J. Randall MacDonald, is to help future leaders "understand how the world works, show them how to network, and show them how to work collaboratively with people who are far away."

Like most corporations, IBM trains managers in classrooms, so this represents a dramatic departure. And while other companies encourage employees to volunteer for social service, IBM is the first to use such programs for management training, says Rosabeth Moss Kanter, a professor at Harvard Business School. "This is a big innovation. This kind of active service is a good way to train managers." http://www.businessweek.com/magazine/content/09_12/b4124056268652.htm

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 DEVELOPMENT CROSSING –

“Corporate Social Responsibility (CSR) and Sustainability” A KIND OF HUB FOR ALL THINGS CSR – JOBS, ARTICLES, NEWS, COMMUNITY, events near you, interviews

Note this article - Fundamental Responsibilities of workers

  • Posted by Andrew on March 2, 2011.

 In last week’s post, I outlined what I felt to be a range of core fundamental rights to which every worker should be entitled, regardless of the country, industry or culture in which they are employed. But with rights come responsibilities, and today, I would like to outline what I feel should be the key responsibilities of each and every employee.
http://realizedworth.visibli.com/404aa0813e3a3004/?web=3050d6&dst=http%3A//www.developmentcrossing.com/forum/topics/exclusive-interview-with-chris

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Sports for Schools Program: An example of how to make Corporate Social Responsibility count

“Recently, one of the major supermarket chains down here in Australia ran a promotional campaign whereby shoppers …. earned vouchers which were able to be used by their local schools to purchase sporting equipment………….Cleverly designed on a number of levels, the program delivered real benefits to the company itself as well as local communities……………under the program, which ran from early September until the end of October, shoppers were able to earn vouchers (worth one ‘point’) for every ten dollars which they spent. These vouchers were then able be taken to local schools, who were able to use them to purchase new sporting equipment.……………• Making customers notice by getting them involved.• Making customers feel empowered.• Direct link to customer purchases.• Giving an incentive to shop at Coles. http://www.goodhonestdollar.com/

GOODHONESTDOLLAR.COM HAS A LARGE RANGE OF RESOURCES RELATED TO ‘ETHICAL’ BUSINESS AND LAW

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The Limits of Corporate Social Responsibility in India
by Professor Prabhu Guptara

The vastness, complexity and contradictions of India require some minimum historical background if one is to have any hope of clarity regarding this subject.

In India, responsibility was traditionally limited to "insiders" - you looked after members of your own immediate and perhaps your extended family, you might even extend some minimum care to members of your clan, or at most to members of your caste. Other "outsiders" had no relationship to you, so their welfare was not your responsibility. …………… Ultimately, the question is: does CSR blaze a trail, or is it an alibi for a government's declining to do what it ought?

Prabhu Guptara
Professor Prabhu Guptara is Director, Organisation Development, Wolfsberg Executive Development Centre (a subsidiary of UBS A.G.), Switzerland; non-executive Chairman of ADVANCE: Management Training Ltd., U.K; supervises PhD research at Fribourg (Switzerland) and continues as Visiting Professor at universities and business schools round the world. He writes here in a personal capacity. http://www.southasian.org.uk/intro_social.html

 

SEVERAL ARTICLES ON CSR AVAILABLE AT:

http://3blmedia.com/CSR-News/Green-Innovations/0?page=52

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 OFFSETTING AND THE CONSUMPTION OF SOCIAL RESPONSIBILITY - EZRA ROSSER,  LAW REVIEW, 2011

ROSSER: Associate Professor, American University Washington College of Law; Research Affiliate, National Poverty Center, University of Michigan; M.Phil in Land Economics, Cambridge; J.D. magna cum laude, Harvard Law School; B.A. in Economics and English, Yale University.

ABSTRACT

This Article examines the relationship between individual consumption and consumption-based harms by focusing on the rise in consumption offsetting. Carbon offsets are but the leading edge of a rise in consumer options for offsetting externalities associated with consumption. “

http://lawreview.wustl.edu/inprint/89/1/rosser.pdf

 

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8 PAGES

Michael Kerr, Richard Janda & Chip Pitts, Corporate Social Responsibility: A Legal Analysis (Canada: LexisNexis, 2009).

This treatise on the ambiguous concept known as “Corporate Social Responsibility” (“CSR”) is an essential primer for the legal practitioner. The absence of any other substantial legal texts in the field forces the authors to not just explain CSR but to define it. In so doing, the authors give some much needed shape to the concept while revealing the real lack of clarity there still remains as to what CSR truly entails.

http://www.csringreece.gr/files/research/CSR-1289902122.pdf?user=fd89c0d28a0bfe418704b52dfd21de73

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The Responsibility Revolution’ (2011) - This online book chapter details the ways that CSR can help businesses profit, and the ways in which businesses are partnering with NGOs to address areas of non-compliance, such as working conditions (Gap). http://www.jeffreyhollender.com/wp-content/uploads/2011/09/responsibility_revolution_chapter_1.pdf

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Bill Gates backs climate scientists lobbying for large-scale geoengineering

Other wealthy individuals have also funded a series of reports into the future use of technologies to geoengineer the climate

John Vidal, environment editior

“According to statements of financial interests, Keith receives an undisclosed sum from Bill Gates each year, and is the president and majority owner of the geoengineering company Carbon Engineering, in which both Gates and Edwards have major stakes – believed to be together worth over $10m.” http://www.guardian.co.uk/environment/2012/feb/06/bill-gates-climate-scientists-geoengineering

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Does Expending Resources on CSR and Sustainability Destroy Economic Value?

A lively article, discussing the ideology and reasoning behind CSR, with reference to Karnani’s beliefs:

“Karnani: “If CSR is Beyond Making Money, Then It’s Not Making Money”

“CSR is a very confused notion. If you just mean businesses doing good for society, then capitalism is actually good [for society]. If CSR goes beyond ‘making money,’ then it’s not about ‘making money.’ When a company does something socially useful and loses money over it, that’s CSR. And definitionally, CSR loses money,” he concluded.”

http://amansinghcsr.wordpress.com/2011/09/13/does-expending-resources-on-csr-and-sustainability-destroy-economic-value/

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The Race to Rank: The Global 1000 Sustainable Performance Leaders Unveiled,

The top 1,000 companies are selected from a total pool of over 5,000 potentials. The ranking factors in performance data using GRI G3 indicators, and more, with 200 individual metrics. The methodology which underpins the G1000 is called Smartview(TM) and is also used to power the Nasdaq OMX CRD Global Sustainability 50 Index which was launched in June 2009. Martin Smith, CEO of Justmeans, who co-hosted the Justmeans-CRD Analytics webinar held on Wednesday said ” This is the most robust methodology I have seen” (for ranking sustainability performance), and I agree with him. The purpose of hosting this ranking on the Justmeans platform is, according to Martin, to “speed up the rate of disclosure” With everybody’s data out there for everyone to review, the expectation is that, in addition to the attention given to these rankings by the investor communitty, Companies will start to realize that transparency as well as performance is the name of the game for all stakeholders, and will be anxious to ensure that their place in the rankings continues to improve. This is the essence of the race to rank. Whether you like it or not, if you are a publicly traded company, you are in the race.

Read more: http://greeneconomypost.com/global-1000-sustainable-performance-leaders-11432.htm#ixzz1yflNQOMR

 

http://greeneconomypost.com/global-1000-sustainable-performance-leaders-11432.htm

  

Sustainable and responsible business

Multi-stakeholder Forum on Corporate social responsibility - CSR “is by definition is a multi-stakeholder concept. Facilitating dialogue between stakeholders is an important part of the Commission's policy on CSR….. The European Multistakeholder Forum on CSR provides a space for dialogue between European stakeholders about developments in CSR and European policy towards it.” http://ec.europa.eu/enterprise/policies/sustainable-business/corporate-social-responsibility/multi-stakeholder-forum/index_en.htm

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B4E Global Summit 2012 – Berlin
COLLABORATE, INNOVATE, ACT – Delivering the Green Economy

The B4E Global Summit 2012 in Berlin will define the role of business in shaping and building a global green economy. With the theme “Collaborate, Innovate, Act – Delivering the Green Economy”, the summit will explore transformative business models, smart cities and innovative financial solutions, with proposals for a better, more sustainable future. The outcome of the B4E Summit discussions will be shared with key decision makers at the 2012 Earth Summit in Rio. http://www.b4esummit.com/

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Psychologists for Social Responsibility

PsySR is an independent, non-profit organization that applies psychological knowledge and expertise to promote peace, social justice, human rights, and sustainability. Our members are psychologists, students, and other advocates for social change in the United States and around the world.

PsySR has issued a statement highlighting the need to limit the excessive protections provided by “corporate personhood” in order to better promote human welfare.

PsySR has issued a statement, developed by members of the Poverty and Inequality Project, on the urgent need to address poverty and inequality. http://www.psysr.org/

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The Social Responsibility Master's Degree at St. Cloud State University
Are you ready to change the world via graduate school?

www.stcloudstate.edu/socialresponsibility

 

MAIL ONLINE INDIA

FSG director dubs norm on corporate social responsibility 'flawed', by Sangeeth Sebastian 12/01/12

The co-founder and managing director of social impact consultant group, FSG, Mark Kramer, has dubbed the government directive that mandates companies to set aside two per cent of their net profit on Corporate Social Responsibility (CSR) as structurally flawed…
http://www.dailymail.co.uk/indiahome/indianews/article-2090916/FSG-director-dubs-norm-corporate-social-responsibility-flawed.html

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Justice Secretary Clarke Denies Access to Justice for Victims of Corporate Abuse (22/09/11)

http://www.huffingtonpost.co.uk/lisa-nandy/justice-secretary-clarke-_b_973265.html?just_reloaded=1  

 

European Agency for Safety and Health at Work

Balance external and internal aspects of CSR

Traditionally, safety and health at work is regarded as an internal issue only. However, there are several external aspects of safety and health at work. Good working conditions have a great impact on the labour market. Local authorities are interested in environmental health and external safety. The items that are called ‘work related’ are just as good ‘private life’ and/or ‘society related’. Social accountability that focuses

on the impact of activities of business partners along the  supply chain, do include safety and health at work items in other organisations.

Show and develop leadership

Develop initiatives to create CSR in a way that safety and health becomes a natural part of the company’s strategy. Try to inspire managers and other people who are advocating CSR by giving them a better understanding of the company benefits from excellence in safety and health, and by generating activities that make people (managers and workers) proud to work in this company. http://osha.europa.eu/en/publications/reports/210

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 Wine To Water is a 501(c)(3) non-profit aid organization focused on providing clean water to needy people around the world. Nearly one billion people in the world today lack access to adequate water and 2.5 billion people lack access to improved sanitation. We are devoted to fighting this epidemic. Wine symbolizes fortune in our society. Our goal is to give the fortunate population an opportunity to fight for those who can’t fight for themselves.

 SINCE 2004, WINE TO WATER HAVE PROVIDED CLEAN WATER TO PEOPLE IN 9 COUNTRIES AROUND THE WORLD, INCLUDING: SUDAN, UGANDA, ETHIOPIA, INDIA, CAMBODIA, PERU, HAITI

YOU CAN HELP: THE ONE PERSON DIFFERENCE

http://winetowater.org/

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 IFC’s Engagement in the Health Care Sector

Health is a basic human need but many people in developing countries have no access to health care. By investing in this critical sector, IFC is contributing to improved access to high quality care for people of lower-income and middle-income levels. By working with partners who are willing and able to bring best practices to health care and life sciences, IFC is promoting the growth of efficient and effective companies to generate an important public good in an economically, environmentally, and socially sustainable way.


Across the emerging markets, the private sector plays a significant role in health service and life sciences, often representing a majority of all health service expenditure. Recognizing the significance of the private sector’s role, governments are increasingly exploring ways to enhance the efficiency and quality of provision through public-private collaboration. IFC’s roles include direct and indirect investment in health care and life sciences companies, sharing industry knowledge, raising management and clinical standards, increasing development impact, and informing government policy.


As part of its new global agenda, IFC is leveraging its knowledge and understanding of private health care to work more closely with providers based in developed economies who are looking to expand their investments into under-served developing countries. Our strategy is to encourage and provide financing for the expansion of these global providers into new markets to build capacity and increase access to services. Developing country companies also benefit from global knowledge and expertise.

 http://www1.ifc.org/wps/wcm/connect/Industry_EXT_Content/IFC_External_Corporate_Site/Industries/Health+and+Education/Health+Sector/

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Business Regulation and Non-State Actors: Whose Standards? Whose Development?

Authors: Peter Utting, Darryl Reed, Ananya Mukherjee-Reed
Project Title: Non-State Business Regulation for Social Development
No. of Pages: 346

This volume assesses the achievements and limitations of a new set of non-state or multistakeholder institutions that are concerned with improving the social and environmental record of business, and holding corporations to account. It does so from a perspective that aims to address two limitations that often characterize this field of inquiry. First, fragmentation: articles or books typically focus on one or a handful of cases. Second, the development dimension: what does such regulation imply for developing countries and subaltern groups in terms of well-being, empowerment and sustainability? This volume examines more than 20 initiatives or institutions associated with different regulatory and development approaches, including the business-friendly corporate social responsibility (CSR) agenda, 'corporate accountability' and 'fair trade' or social economy. http://www.unrisd.org/80256B3C005BCCF9/search/A387BDB9E46E7158C12579A400562AF6?OpenDocument

Street Smart Sustainability: The Entrepreneur's Guide to Profitably Greening Your Organization's DNA (Social Venture Network), David Mager, Joe Sibilia  (2010)

“detailed, nuts-and-bolts, step-by-step advice on--how to green business green profitably. Mager and Sibilia begin by discussing how to get employee buy-in to and motivate your company into becoming sustainable. Then they cover how to get started--auditing your current sustainability position, developing a plan to move forward and quantitatively measuring your progress.”

http://www.csrwire.com/books/398-Street-Smart-Sustainability-The-Entrepreneur-s-Guide-to-Profitably-Greening-Your-Organization-s-DNA-Social-Venture-Network-

 

 

SuperCorp: How Vanguard Companies Create Innovation, Profits, Growth, and Social Good [Hardcover]

  Kanter

Visit Amazon's Rosabeth Moss Kanter Page

Find all the books, read about the author, and more.

See search results for this author

Are you an author? Learn about Author Central

REVIEW ON AMAZON: “Kanter concedes that the vanguard model "turns organizations upside down and inside out. They become less hierarchical and more driven by flexible networks. They become more open and transparent to the outside world while bringing society and its needs inside. As an ideal and an aspiration, the vanguard model attempts to reconcile contradictions: to be big but human, efficient but innovative, respecting individual differences while seeking common ground, global in thinking but concerned about local communities."  http://www.amazon.com/SuperCorp-Vanguard-Companies-Innovation-Profits/dp/0307382354

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VIDEO FROM BUSINESS WEEK – “We needed to make  people see the link between CSR, community service, and business strategy”

http://www.businessweek.com/magazine/content/09_12/b4124056268652.htm

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SmartView is CRD Analytics' proprietary investment platform that screens and ranks companies based on over 150 quantitative financial, environmental and social performance indicators.

http://www.crdanalytics.com/smartview.php

HAS ALLIANCES WITH:

 

NASDAQ OMX

Governance & Accountability Institute

Justmeans

Trucost

GreenBusiness Works

Green Nurture

5Million Green jobs

Global Change Associates

Berg & Associates

SeaCrest Investment Management, LLC

 

The Carbon Disclosure Project (CDP) is an independent not-for-profit organization working to drive greenhouse gas emissions reduction and sustainable water use by business and cities.

https://www.cdproject.net/en-US/Pages/HomePage.aspx

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CSE is an accredited training provider under the Institute of Environmental Management and Assessment (IEMA) and has conducted trainings in over 25 countries worldwide. Following the workshop, attendees have an opportunity to qualify for IEMA certification and earn a CSR-P Certification and CSR-P Seal.

The Certified Sustainability (CSR) Practitioner Training entails a global perspective on the most relevant frameworks and best practices of Corporate Social Responsibility and Sustainability.

http://www.csrwire.com/press_releases/33852-Certified-Sustainability-CSR-Training-this-Spring-

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Search 39,093 reports across 8,930 companies

http://www.corporateregister.com/

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Net Balance works with organisations to develop, implement, measure and report their social and community strategies in the following ways:

  • SR Strategy:
  • SR Implementation
  • SR Capacity Building
  • SR in the Workplace
  • SR in the Marketplace
  • SR Governance

http://www.netbalance.com/services/social-sustainability/social-responsibility

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Stratos works extensively with both the public and private sectors. We leverage our deep understanding of each sector’s unique operating environment, opportunities, and challenges though our expert corporate sustainability and public sector practices.

http://www.stratos-sts.com/services.html

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CSR Directory

Resources for Promoting Global Business Principles and Best Practices

The CSR Directory is an online resource guide listing more than 2,700 organizations working on all aspects of corporate social responsibility in more than 105 countries. http://www.csrwire.com/directory

The Global Social Compliance Programme

“The GSCP provides a global cross-industry platform to promote the exchange of knowledge and best existing practices in order to build comparability and transparency between existing social compliance and environmental compliance systems. To this effect, the Global Social Compliance Programme has developed a set of Reference tools and processes that describe best existing practices and provide a common interpretation of working and environmental requirements and their implementation at supplier level. This approach will enable mutual recognition between existing systems using the GSCP Reference tools as a benchmark through the Equivalence Process, and allow for simpler buying.” http://www.gscpnet.com/

 

1. What is the Global Social Compliance Programme (GSCP)?

It is an open group of companies that have made a joint commitment to put social values at the heart of their commercial decisions. They acknowledge that good business is built on a respect for human rights.

The GSCP provides a platform for building consensus on best practice for labour standards in supply chains of consumer goods. Its core aim is that harmonisation delivers a shared, consistent and global approach. It also offers a forum where the participating companies can openly discuss issues and challenges.
http://www.gscpnet.com/component/content/article/1-overview/23-faqs.html

  

This link details the structure of the GSCP http://www.gscpnet.com/gscpfiles/GSCP_-_Governance_Model_and_Rules_of_Procedure_-_2012.pdf

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From its creation, GRI’s close association with the UN Environment Programme (UNEP) ensured that it has contributed to and supported guidance for international policy objectives.

GRI’s Guidelines refer to and are based on several international human rights, environmental and labor treaties, standards and conventions.

In addition, GRI collaborates closely through formal alliances with international organizations and initiatives active in the field of Corporate Social Responsibility and sustainability. GRI has strategic partnerships with the OECD and the UN Global Compact, and collaborates with UNCTAD and others. https://www.globalreporting.org/Pages/default.aspx

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SPONSORED BY IBM, HP, LEXMARK, AND A HOST OF OTHERS – NEWS, VIDEOS, COMPANY DETAILS AND STORIES, NEWS DISTRIBUTION SERVICE, ESG RATINGS ETC http://www.justmeans.com/

  

CSRWIRE

the leading source of corporate social responsibility and sustainability news, reports, events and information. Members are interested in communicating their corporate citizenship, sustainability, and socially responsible initiatives to a global audience. http://www.csrwire.com/

http://corporate-responsibility.org/

  

3BLMEDIA – “PEOPLE, PLANET, PROFIT – JOIN THE DISTRIBUTION REVOLUTION”

Experts in Corporate Social Responsibility & Sustainability Communications – NEWS/VIDEOS/BLOGS ETC

 http://3blmedia.com/CSR-News

 

http://www.csrworld.net/

  

Business, Social Policy and Corporate Political Influence in Developing Countries

Large corporations and business associations exert strong and growing influence over social development and government policy in developing countries.

http://www.unrisd.org/unrisd/website/events.nsf/(httpEvents)/503DEAB3B72F213DC125735200491868?OpenDocument

 

http://www.csr-reporting.blogspot.com/

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CSR Data Management

Strategies For Successful CSR Data Lifecycle Management 19 April 2012, Wolverton House, London
www.csrdatamanagement.com


The entry of Corporate Social Responsibility (CSR) and sustainability issues into the business mainstream means that every company now needs to take non-financial data into account, both within its core management processes and in its internal and external communications. With so many emerging CSR themes many companies, especially those with geographically diverse operations, are confused as to how best to manage the data they need, who to turn to for advice, how to assess the available options.

 SPEAKERS TO INCLUDE

  • Lucinda Hensman
  • Head of Stakeholder Engagement and Corporate Responsibility Reporting
  • Coca Cola Enterprises LTD

 
Jennie Galbraith

  • International Sustainability Manager
  • British American Tobacco

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 CSR WORLD
 “PepsiCo entered India in 1989 and has grown to become the country’s largest selling food and Beverage Company. One of the largest multinational investors in the country, PepsiCo has established a business which aims to serve the long term dynamic needs of consumers in India.http://www.csrworld.net/index.html

Furthermore, with disclosures clearly focused on what resources and skills companies provide to their communities, reporting is only covering one side of the story – or only half of the transaction between organisations and the community.

Ultimately, companies are effectively giving an incomplete

picture of the value creation resulting from their SI activities.

‘A lack of corporate transparency on ESG issues impedes

effective assessment by investors and NGOs of relative

performance and externalities; it facilitates conflicts of interest

by controlling access to information.’

Recommendations by UKSIF and Oxfam call for measures to

facilitate improved transparency in reporting. In ‘Financial

Reform for a Sustainable Recovery: NGO and Responsible

Investor Priorities’, they encourage the Financial Services

Authority (FSA) to publish voluntary indexes and similar

assessments of sustainable and responsible behaviour to

highlight good practice and set norms.

Eventually they envisage this might reward high ranking institutions more explicitly eg, with lighter touch regulation or lower fees. While this type of legislative framework may be far into the future, convincing companies of the importance of comprehensive and thorough disclosures on social investment should be a priority in the context of achieving transparent, high quality sustainability reporting.

http://www2.accaglobal.com/pubs/australia/general/research/latest/social_invest_report.pdf

 

 Social Responsibility articles

http://www.theracetothebottom.com/social-responsibility-archive/

 

C. B. Bhattacharya, et al

Sold by: Amazon EU S.a.r.L.

Jeffrey Hollender, Wayne Visser

Sold by: Amazon EU S.a.r.L.

Doreen McBarnet, et al

 

Artificial Intelligence - A Legal Perspective

http://www.youtube.com/watch?v=_nfS1AxHl94 – AT THE 17 MINUTE MARK IN THIS VIDEO, A PANELIST DISCUSSES TRUSTEES, AND HOW AI COULD TAKE OVER THE JOB!

http://www.cddc.vt.edu/ept/eprints/doran%20isa%202008.pdf

  

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CORPORATE SOCIAL RESPONSIBILITY

 

EIU Societal Purpose – report by Economist Intelligence Unit, sponsored by Deloitte (Jan 2012)

Deloitte – “A profit with a purpose”

“A societal purpose seeks to define a corporation’s core business outputs – the products and services produced through core day-to-day activities from which the organisation seeks to make a profit – as fundamentally oriented towards making a positive contribution to wider society, or enhancing quality of life.”

For instance: the following companies have developed a stated purpose:

 

ALLIANCE BOOTS – “To deliver products that help people look and feel their best”

 

CVS CAVEMARK – “To improve the quality of human life”

 

GLAXO SMITH KLINE – “To improve the quality of human life by enabling people to do more, feel better, and live longer”

 

ROYAL PHILLIPS ELECTRONICS – “To improve the quality of people’s lives through timely introduction of meaningful innovations”

 

VALE – “To transform mineral resources into prosperity and sustainable development”

 HITAACHI – “To contribute to society through the development of superior and original technology and products”.

 

There are several reasons it is advisable to “tell the purpose story”:

  • So that employees can ‘live’ the purpose
  • Purpose links to “accountability, particularly for consumers whose conscience guides their purchasing decisions”
  • It guides decision making and makes up the corporate culture

(Saatchi and Saatchi can help “corporations identify and articulate their purpose succinctly”.)

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In the private sector, many companies have integrated international sustainability norms into their business models under the influence of the corporate social responsibility (CSR) movement. John Elkington, a leading thinker from the corporate responsibility movement, developed a vision on

sustainability which encourages companies to generate profit from business cases that contribute positively to people and the environment. Elkington coined the term People, Planet, Profit in the early 1990s and introduced it in his seminal book Cannibals with Forks: The Triple Bottom Line of 21st Century, which asks whether capitalism is sustainable. The triple bottom line, or the three 3Ps, are still a guiding principle for sustainable development in the private sector today.

 

1.2 Contextual Background

The Brundtland Commission noted that due to the interconnectedness of economic and environmental challenges and the interdependence among states, achieving economic growth that is equitable and environmentally sustainable requires a global approach, informed public participation and

political will. Together with the Club of Rome, the Commission played a key role in bringing about this political will and they initiated an international momentum for sustainable development. This resulted in the codification of sustainability in various international frameworks and multilateral

agreements, such as Agenda 21 and the Rio Declaration on Environment and Development.

http://www.hcss.nl/reports/sustainability-challenges-and-trends/96/

 

 

Life Sciences Corporation http://www.lifetechnologies.com/us/en/home/about-us.html

, the “global life sciences company” whose specialities include  genetic analysis; bioproduction; human identification; synthetic biology; and genomic medicine, were granted the honour of being the best North American company in the 2012 Corporate Knights Global Leaders in Clean Capitalism. The company will be holding a workshop at this year’s Responsible Business Summit June (27-28th, 2012, New York), where they will:

  • Examine how Life Technologies has carried out in-depth scrutiny into the cost savings to be derived from its CSR programme.
  • How to identify and design products that are more sustainable from manufacture to end of life.
  • Learn how Life Technologies is moving towards a zero waste to landfill policy which includes asset recovery, disassembly, refurbishment and recycling
  • Lessons for engagement with multiple stakeholders from consumers to suppliers. http://events.ethicalcorp.com/rbsusa/conference-agenda.php

 

"95 per cent of the 250 largest companies in the world now report on CSR" http://events.ethicalcorp.com/rbsusa/conference-agenda.php

 

Now that CSR has become firmly entrenched in corporate governance programs, the need for measurement, a way of quantifying investments in social good, and the level of corporate compliance, is becoming more pressing.

.... some case studies of leading Australian companies were presented in the findings of research carried out by the Net Balance Foundation. Analysts compared the corporate governance programs of the ASX 50 companies from 3 August to 30 September 2009.

 It would seem reasonable to suppose that the most important outcome is actual benefit, although this would always be difficult to define.

 ....................................................................................... 

The increasing frequency of global crises – with regard to food, climate, energy, and most recently finance and the global economy – has further highlighted the scale of impact that irresponsible and unsustainable business behavior can have on society. More than ever, there is an urgent need to fully and completely integrate the notion of rights-based sustainable development, with its equally-balanced social, environmental and economic components, into business practice.

....  Contribution to Rio +20
In light of the global agenda promoting concrete efforts to achieve sustainability and a “green economy” as well as push for greater “environmental governance”, promoting more responsible corporate conduct, a shift towards effective public policy, human rights due diligence compliance from the corporate sector and most of all, a society that is aware and engaged on the issues of greatest concerns is basically essential. The main heart of development poses on investments and the private sector is a key actor in this regard.

The workshop provides awareness on the newly updated set of corporate conduct standards approved at the most important levels such as the intergovernmental organization the OECD. These OECD Guidelines include a new chapter on human rights and is in line with the corporate conduct standards from the UN as well. Promoting these normative standards and its mechanism for its implementation as it is the National Contact Point to the OECD is vital for installing with key stakeholders the needed capacity for promoting compliance with such standards. This workshop will help raise awareness, build upon cases, awaken interest and engage actors including private sector, NGOs, communities and states.

http://www.uncsd2012.org/rio20/index.php?page=view&type=1000&nr=127&menu=126

 

The Global Compact is not a regulatory body; it is a voluntary platform of leading businesses designed to spark dialogue and foster learning. With over 8,900 participants from over 135 countries, it is the largest voluntary corporate responsibility initiative in the world. www.unglobalcompact.org.

 

Starbucks Global Responsibility Report – Goals and Progress 2011

http://www.socialfunds.com/shared/reports/1332480357_Starbucks_2011_Responsibility_Report.pdf

 

Ford, Starbucks Among ‘Most Ethical Companies’(March 17, 2011)

Target, Starbucks, General Mills and Ford all feature in rankings of the most ethical companies in 38 sectors.

The 2011 World’s Most Ethical Companies rankings by Ethisphere magazine honor companies deemed to have demonstrated a commitment to ethical business practices. Honorees must demonstrate real and sustained ethical leadership within their industries and translate ethical words into action, Ethisphere says.

The rankings do not choose a set number of companies, but rewards companies that lead their industry peers. This year Ethisphere chose between one and six firms in each sector, for a total of 110 companies. In 2011, 36 companies are new to the list.

But 26 have dropped off from the 2010 list, generally because of litigation and ethics violation, as well as increased competition within their industries, Ethisphere said.

Ethisphere found that ethical behavor is a good indicator of financial performance. The percent returns of its World’s Most Ethical Companies honorees have consistently outperformed the S&P 500 every year since the rankings began in 2007 (see chart).

The selection process takes into account how well companies’ ethics and compliance programs are aligned with corporate best practice, case law and guidance set out in the Federal Sentencing Guidelines. The evaluation also considers companies’ legal compliance and litigation track record, reputation in the marketplace, concrete examples of local, national, industry or global initiatives, governance and corporate citizenship, including environmental stewardship, supply chain engagement and corporate philanthropy.

The Ethisphere institute also awards Ethics Inside certifications to companies that go beyond legal requirements to cultivate and maintain an exemplary culture of compliance and ethics. Hitachi won certification last month.

Ethisphere’s rankings have some overlap with the EthicalQuote rankings by Swiss company Covalence, with PepsiCo making both lists. But IBM and Intel, which appeared first and second on the Covalence list, did not make Ethisphere’s rankings.

A selection of Ethisphere’s chosen companies this year:

Aerospace
Indra Sistemas
Rockwell Collins Inc.
The Aerospace Corporation

Apparel
Adidas
Comme Il Faut
Gap
Patagonia
Timberland

Automotive
Cummins
Denso
Ford Motor Company
Johnson Controls

Computer Hardware
Hitachi Data Systems

Computer Software
Adobe Systems
Microsoft
Salesforce.com
Symantec Corporation
Teradata Corporation

Consumer Electronics
Electrolux
Ricoh
Xerox

Consumer Products
Colgate-Palmolive Company
Henkel AG
Kao Corporation

Diversified Industries
General Electric Co.

Energy and Utilities
Encana
Statoil
NextEra Energy, Inc.
Northumbrian Water
Vestas Wind
Wisconsin Energy Corporation

Environmental Services
Waste Management

Financial Services
American Express
Housing Development Finance Corp
NYSE Euronext
The Hartford Financial Services Group

Food and Beverage
General Mills
PepsiCo
Solae
Stonyfield Farm

Food Stores
Kesko
The Co-Operative Group
Wegmans
Whole Food Market

Hotels, Travel and Hospitality
Kimpton Hotels
Marriott International
The Rezidor Hotel Group
Wyndham Worldwide

Internet
Zappos

Media, Publishing and Entertainment
Thomson Reuters

Real Estate
British Land plc
Jones Lang LaSalle
Unibail-Rodamco

Restaurants and Cafes
Starbucks Coffee Company

Specialty Retail
Best Buy Co.
Hennes & Mauritz
Sonae
Target
Ten Thousand Villages

Telecom Hardware
Avaya Inc.
Cisco Systems
Juniper Networks

Telecom Services
Singapore Telecom
Swisscom
T-Mobile USA

Transportation and Logistics
Autoridad del Canal de Panama
East Japan Railway Company
Nippon Yusen Kabushi Kaisha
UPS   http://www.environmentalleader.com/2011/03/17/ford-starbucks-among-most-ethical-companies/

"Capitalism, in its current form, no longer fits the world." A statement from an occupy protester? No, it was uttered by WEF Founder Klaus Schwab. But it's not a view that I have found widely shared by the 2,600 delegates here. The ultimate irony, of course, is that those at WEF aren't even the one per cent -- they're the 0.0001 per cent of global corporate and political elites.  http://www.huffingtonpost.ca/jim-harris/world-economic-forum-davos_b_1236980.html

 http://salsa.democracyinaction.org/o/632/p/dia/action/public/?action_KEY=10002 

http://www.alec.org/ 

No News is Good News: CSR Strategy and Newspaper Coverage of Negative Firm Events, Jiao Luo, Columbia Business School; Stephan Meier, Columbia Business School; Felix Oberholzer-Gee, Harvard Business School, April 14, 2012

 

One of the benefits of Corporate Social Responsibility (CSR) programs, it has been argued, is that they build up a reservoir of public good will, shielding companies in times of trouble. In this paper, we test the view that CSR provides protection from public ire by analyzing the response of the media to negative corporate events. Our application is spills in the oil industry. We find that the media are far more likely to report accidents if they occur at a company with a superior CSR record.

http://businessinnovation.berkeley.edu/WilliamsonSeminar/felix041912.pdf

 

 Global Compact LEAD Participants (Company/Country)

A.P. Moller – Maersk Denmark

Accenture - United States of America

Acciona - Spain

ARM Holdings plc - United Kingdom

AVIVA plc - United Kingdom

BASF - SE Germany

Bayer AG - Germany

BBVA, S.A.-  Spain

China Development Bank - China

China Minmetals Corporation - China

China NTG Gas Ltd - China

China Ocean Shipping Group – COSCO China

Companhia Vale do Rio Doce - Brazil

Daimler AG - Germany

Deutsche Telekom AG - Germany

Empresa de Energia de Bogota - Colombia

Endesa, S.A. - Spain

Enel - Italy

Eni - Italy

Eskom - South Africa

Fuji Xerox Company Ltd. - Japan

Heineken N.V. - Netherlands

Homeplus Inc. - Korea, Republic of

Infosys Technologies Ltd - India

Intel Corporation - United States of America

KPMG International - United States of America

Mansour Manufacturing & Distribution Group of Companies - Egypt

Martha Tilaar Group - Indonesia

Natura Cosmeticos S/A - Brazil

Nestle S.A. - Switzerland

Netafim - Israel

Newmont Mining Corp - United States of America

Novartis International AG - Switzerland

Novo Nordisk AS - Denmark

Novozymes - Denmark

Oando PLC - Nigeria

PricewaterhouseCoopers - United States of America

Qatar Airways (Q.C.S.C.)  -Qatar

Rosy Blue - Belgium

Royal Dutch Shell plc - Netherlands

Sakhalin Energy Investment Company Ltd. - Russian Federation

Siemens AG - Germany

SK - Korea, Republic of

Sumitomo Chemical Company, Limited - Japan

Symantec Corporation - United States of America

System Capital Management - Ukraine

Takeda Pharmaceutical Company Limited - Japan

Talisman Energy Inc. - Canada

Tata Steel - India

Teck Resources - Canada

Telefonica S.A. - Spain

The Coca-Cola Company - United States of America

Total - France

Unilever - United Kingdom

Vestas - Wind Systems A/S Denmark   

http://www.unglobalcompact.org/docs/issues_doc/lead/Global_Compact_LEAD_Participants.pdf

 

BEST! is a ‘by invitation’ program that leverages a voluntary fraternity of well-respected media organizations to collaboratively disseminate articles about corporate leadership, innovation and success to a guaranteed audience. The goal is to showcase role models for other companies to emulate.

Trust Across America independently analyzes over 200 data points with respect to five key corporate indicators of trustworthy business behavior: Financial stability and strength, Accounting conservativeness, Corporate integrity, Transparency, and Sustainability; aptly called “FACTS™”.

BEST! is the only program of its kind guaranteeing media coverage to an audience of millions of visitors for companies that meet high standards for responsible business. http://www.prweb.com/releases/2012/5/prweb9485683.htm

 

http://www.trustacrossamerica.com/documents/offerings-companies/SectorPressRelease.pdf

 

— Chris Saeger, "Strengthening Rule of Law Through Aid for Human Rights Litigation in National Courts: A Case Study of Oil Multinational Corporations Complicit in Human Rights Violations in Sudan and Nigeria (December 2007)

— Terry Collingsworth, "Using the Alien Tort Claims Act to Introduce the Rule of Law to the Global Economy (2005)

http://www.iradvocates.org/cases.html

 

 The Corporate Responsibility Code Book by Deborah Leipziger

http://books.google.co.uk/books?id=wHiYIQjmkncC&pg=PA204&lpg=PA204&dq=The+Corporate+Responsibility+Code+Book+and+SA8000&source=bl&ots=hZy2Tls0Mq&sig=r-Kud0qiTZs_86HnXT9j1Nukc1w&hl=en&sa=X&ei=bhTPT52EF4fd8AP55Ky7DA&ved=0CFsQ6AEwAg#v=onepage&q=The%20Corporate%20Responsibility%20Code%20Book%20and%20SA8000&f=false

 

The private sector has proven to have an important role in implementing sustainability policies. In many companies, strategic decisions are increasingly based on the three Ps of planet, people and prosperity. Leading companies, such as Unilever, Philips and AkzoNobel, have set sustainability targets and participate in global initiatives aimed at environmentally friendly corporate management, like Global Compact.

Global Compact is a strategic policy initiative of the UN that helps businesses to align their operations with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. It is the largest voluntary corporate responsibility initiative in the world that helps to advance sustainable business models.

…………  It is anticipated that private companies will be partners or conduits of states in the accomplishment of sustainability objectives on a national and international level. Businesses can complement existing policies with market strategies. The World

Business Council for Sustainable Development points out that market mechanisms can be used to conserve critical ecosystem services via certification, direct payments and tradable  permits.

http://www.hcss.nl/reports/sustainability-challenges-and-trends/96/

 

Global Management Research Initiative

Second Workshop, June 12, 2012

ESADE, Pedralbes Campus, Barcelona

Saturday, June 2, 2012

Classroom B017, floor B, building 3 (Address: Avenida de Esplugas, 9296)

08:30 Globalization, politics and society: What is the responsibility of global business?

Dennis Quinn: The Economic Origins of Democracy Reconsidered

Angel Saz and Xavier Fernandez: Structuring global governance: The institutional design of international organizations

Catherine Langlois: Social Impact of Multinationals Research Program

Josep F. Mària et al: CSR and legitimacy of Mining Companies in the DR of the Congo. The case of the Katanga Province

http://itemsweb.esade.edu/research/esadegeo/Second%20GMRI%20%20Workshop%20Schedule_Barcelona.pdf

  

cartoons teaching leaders how to model the new global brand

http://www.debaak.com/~/media/PDF%20bestanden/Meettheworld_small.ashx

 

Societal Purpose: A Journey in its Early Stages | Deloitte

http://www.sustainablebrands.com/digital_learning/research/societal-purpose-journey-its-early-stages-deloitte

“Sustainability will continue to rise higher up the agenda over the coming years, so it is key that brands work to ensure they can respond to consumer demand. Being a sustainable company is not about box ticking, it’s about future-proofing your business and building trust and brand loyalty that will last for years to come.”
-
Justin King, Chief Executive, J Sainsbury plc

http://www.forumforthefuture.org/project/consumer-futures-2020/overview

 

The International Corporate Governance Network (ICGN) is a not for profit body founded in 1995 which has evolved into a global membership organisation of over 500 leaders in corporate governance in 50 countries, with institutional investors representing assets under management of around US$18 trillion.

 

SA8000 (Social Accountability International) (www.cepaa.org)

 

Global Trade That Unlocks Societal & Human Potential

Everyone has a story – people and companies. In our socially responsible work, we aspire to connect enough stories, strengths and passions – from individuals, companies, philanthropic organizations – to have a large enough leverage to shape how our world evolves.

In establishing stronger connections between business growth and social responsibility, the growth of one feeds the other. It no longer becomes a mutually exclusive, competing priority. Doing good and elevating the status of society and the human condition becomes part of running a good business. Helping economies, companies and people thrive – bolstered by education and human respect – we unlock individual potential and usher in new tides of economic development and societal achievement.

In supporting our clients’ growth initiatives we organically help to build outreach programs to shape companies and markets where they operate. We also see education as a major catalyst that develops passion for one’s vocation, that drives economic expansion, and that sets the foundation for social dignity – both domestically and abroad. In our work, we increase access to education for one generation so that the current – and future ones – can benefit.

In all, our social responsibility work is not about cause marketing. It is much more meaningful than turning up a lead or endearing a brand by attaching our clients (and ourselves) to the less fortunate. That’s predatory, inhumane and wrong. We don’t do that.

What we do is help our clients achieve breakthrough growth and because of growth – theirs and ours – we jointly deploy actions that altruistically benefit those in need. Our work is guided by the principle that social justice must be trade-driven in a global economy in order to effect sustainable, positive change. With every client we help, with every new project we support, we help create opportunities for people to take action and for sustainable change to happen in a way that simultaneously benefits people, planet and organizations’ profits.

Meet some of those whom we and our clients help achieve social justice – and we invite you become a part of changing the world for the better.

http://gdp-inc.com/social-responsibility/

 

The Public Eye Awards, a Berne Declaration and Greenpeace Switzerland initiative to shame the worst cases of contempt for the environment and social responsibility, is on again. The event is scheduled to coincide with the World Economic Forum in Darvos, Switzerland, later in the month. It will take place on January 27 (noon at Hotel Montana) when the recipients of the Global Award (jury selected) and the People's Award (selected by the public) will be "honored."

The six nominees in 2012 are: Barclays (UK), Freeport McMoRan (US), Samsung (KOR), Tepco (J), Vale (BRA) and the Swiss corporation Syngenta. Online voting for the 2012 People's Award has already started. The short list presents the six most scandalous cases, selected by an expert panel out of a total of over 40 cases nominated by NGOs. Joseph E. Stiglitz, Nobel laureate in economics, will speak in Davos at the awards ceremony press conference about the global crisis.

The British banking giant Barclays, the world's fourth-largest bank, has been listed because of its food speculation activities. The organizers of the award say it has been driving up global food prices at the expense of the poorest. In just the second half of 2010, 44 million people worldwide were driven into extreme poverty due to rising food prices, affecting mainly women in the Global South.

http://www.justmeans.com/Public-Eye-Awards-Companies-That-Go-Against-Grain-of-Sustainability-Social-Responsibility/51507.html

 

A number of reporting guidelines or standards have been developed to serve as frameworks for social accounting, auditing and reporting including:

The FTSE Group publishes the FTSE4Good Index, an evaluation of CSR performance of companies.

http://en.wikipedia.org/wiki/Corporate_social_responsibility

The term corporate veil is associated with an incorporated business body i.e. a Company. A corporate body has a distinct identity from its members but it is simply legal fiction. In reality Individual/persons are the ones who run a company in hopes of acquiring benefits out of it. The word veil in its verb form means- to hide something or make it obscure in order to conceal. It might happen that some individuals indulge in fraudulent or unlawful practices in the garb of running a corporate body. To investigate the reality behind the window dressing, the courts might have to pull up the ‘veil’ and discover the true culprit. This is known has ‘lifting the Corporate Veil.

Courts usually do not interfere in the affairs of those running the company. This has been made very clear in the case of Salomon v. Salomon where the court strictly adhered to the principal of separate legal entity and avoided lifting the veil.

http://www.mightylaws.in/270/meaning-phrase-lifting-corporate-veil

Deutsche Bank chief Ackermann fears 'social time bomb'

Josef Ackermann says bankers have a social responsibility

The chief executive of Deutsche Bank has warned of a "social time bomb" from wealth and income inequality.

Josef Ackermann, who also heads the Institute of International Finance which represents the world's banks, told the BBC that bankers had a responsibility to be philanthropic with their bonuses.

He is due to receive a partially deferred bonus of 8m euros (£6.6m).

However, he said, he felt people in his position had to make a contribution.

"We have a social responsibility, because if this inequality increases in income distribution or wealth distribution we may have a social time bomb ticking and no-one wants to have that."

However, Dr Ackermann said he "preferred not" to talk about philanthropic gestures.

 http://www.bbc.co.uk/news/business-16857265

  

The co-founder and managing director of social impact consultant group, FSG, Mark Kramer, has dubbed the government directive that mandates companies to set aside two per cent of their net profit on Corporate Social Responsibility (CSR) as structurally flawed.

He was speaking to a select gathering of students, faculty members and entrepreneurs on Creating Shared Value (CSV) at the MDI campus in Gurgaon last week.

'It is not well-designed,' said Kramer about the guideline adding that it would convey the impression that the government is asking companies to do charity work.

'This is not going to achieve the same impact as shared value initiative as the emphasis is on the money spend and not on how effective it is disbursed,' he said.

Shared value is a concept, which Kramer introduced with his colleague and Harvard Business School professor Michael Porter as a synonym for inclusive growth. The idea was first published in the 2006 Harvard Business Review article.

The concept is based on the premise that the competitiveness of a company and the health of communities around it are mutually dependent.

Extrapolating the concept into the country's agricultural sector, Kramer pointed out that there are several business models that can enhance agricultural productivity and improve the livelihood of people by creating fair and transparent markets and bringing together small and marginal farmers.

'Creating shared value means closely examining the linkages between economic and social progress, he said. 'It compels firms to view social progress as a key factor in the development of their business strategy.'

So how different is CSV from CSR? 'It is a concept that overlaps with CSR,' said Kramer who is also a Senior Fellow in CSR at Harvard's Kennedy School of Government.

'CSR is a part of expectations of global companies today. It is not a fad that will go away. Though there will be variation in the degree of its implementation from country to country,' he added.

Later responding to queries from the audience, Kramer said that philanthropy among Indian corporate houses is growing. 'It is only a matter of time before it eventually achieves the level it has achieved in the US,' he said. http://www.dailymail.co.uk/indiahome/indianews/article-2090916/FSG-director-dubs-norm-corporate-social-responsibility-flawed.html#ixzz1leV7UtPP

………………………………………………………………………………………………

“ RESTORING FOREST ECOSYSTEMS IS AN IMPORTANT PART OF DISNEY’S COMMITMENT TO MINIMIZE OUR IMPACT ON THE ENVIRONMENT AND PROTECT IT FOR FUTURE GENERATIONS. INVESTING IN FORESTS IS A NATURAL SOLUTION TO HELP US REACH OUR GOAL OF NET ZERO DIRECT CARBON EMISSIONS, WHILE ALSO PROTECTING VALUABLE WATERSHEDS AND HABITATS THAT WILDLIFE AND COMMUNITIES DEPEND UPON.” Robert A. Iger, Chairman & CEO, The Walt Disney Company http://www.corporateecoforum.com/valuingnaturalcapital/offline/download.pdf

The shift to sustainability and CSR is the result of many factors, including consumer and investor pressure; increasing “soft” regulation in the form of eco-labeling schemes and voluntary reporting standards; increasingly enlightened leadership (Boards and CEOs taking threats like climate change more seriously); and the realization that managing for sustainability can reduce costs and, in some instances, improve market share. The economic factors are those providing the real fuel that drives the market leaders. Many companies have discovered that CSR and sustainability also pay dividends, even in emerging markets. “Sustainability projects have by far the highest return on investment of any of the projects we do,” said the CEO of Unilever Turkey at a Green Business conference in October 2011. http://www.donellameadows.org/archives/life-beyond-growth/

 

Governance & Accountability Institute, Inc. (G&A) provides timely news, actionable research and information, perspectives and opinion, reliable data, and customized advisory services to organizations, institutions and individuals seeking to do the right thing for the right reasons.

Our in-depth focus and areas of research, and career experience and professional expertise include:

  • Corporate, Institutional and Public Sector(s) Governance (CG)
  • Corporate and Institutional Social Responsibility (CSR)
  • Socially Responsible Investing – Social Investing – Values Investing -- Sustainable Investing (SRI)
  • Ethics – Institutional and Individual – Mandated and Voluntary Codes and Practices
  • Stakeholder and Stockholder Advocacy – Domestic and Global Activism (and Campaigns)
  • Transparency and Disclosure Practices – Voluntary and Mandated
  • Social and Economic Justice Trends and Initiatives – “Fairness” issues
  • Trendwatching – with a focus on emerging issues affecting private, social and public sectors
  • Community Development / Re-Development – Access to Finance and Credit
  • Regulatory Frameworks and Effects on Operating Environments
  • Voluntary Programs for Accountability, Governance, Ethics, Social Responsibility

We provide this portal to serve the needs of executives and senior managers and boards

http://www.accountability-central.com/about-the-site/

 

…………………………………………………………………………

The ICGN’s mission is to raise standards of corporate governance worldwide https://www.icgn.org/about-icgn

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Wednesday June 6th 2012 | 40 years of foresight, insight and Business for Democracy and ASBC Lead Effort to Overturn the Business for Democracy Campaign, which the American Sustainable Business Council is spearheading in partnership with Free Speech for People is tackling the compelling issue of corporate contributions to political campaigns.

The U.S. Supreme Court’s Citizens United v. FEC decision on January 21, 2010 allows corporations to spend unlimited funds to support or oppose candidates for political office, overturning campaign finance laws in place for decades. The Business for Democracy campaign is an initiative of business leaders and their companies who believe this ruling is in direct conflict with American democratic principles and a serious threat to good government. The campaign supports the four members of the Supreme Court and the 80 percent of Americans who disagree with the decision (Washington Post poll, Feb. 17, 2010).

Fiduciary duty and clients’ long-term interests: UK initiatives launching this Spring

Network for Sustainable Financial Markets has posted a new item, ‘Fiduciary duty and clients’ long-term interests: UK initiatives launching this Spring’

Several initiatives to increase understanding of the issue of fiduciary duty and acting in clients long-term interests are being rolled out, with NSFM participants at the forefront.

As FTfm reports: This week the International Corporate Governance Network is launching a Model Mandate at its annual conference, which provides a guideline for asset owners on the best way to formulate a contract to align the activities of their fund managers with their own long-term interests. The contract focuses on areas such as the time frame for investment risk and opportunity, pay, voting oversight and transparency, all identified by the association as points of divergence between owners and managers.

Central to this is the concept of fiduciary duty, a responsibility that draws in both parties. The aim of the Model Mandate is to provide asset owners with model contract terms which aim to ensure that their fund managers act fully in their long-term interests, explains Paul Lee, Director at Hermes EOS, and an NSFM participant, who chaired the working group which developed the Model Mandate

http://www.ethicalmarkets.com/2012/03/21/fiduciary-duty-and-clients-long-term-interests-uk-initiatives-launching-this-spring/

 

strategic intent 8% To what extent has the organisation recognised the strategic importance of social investment for the success of the business?

 Has it identified a comparative advantage through integrating social investment strategy with core business strategy?

 materiality 8% Does the organisation describe how it has identified the material issues for the communities it operates in; and, the material issues for the organisation and its success model?

 

Alignment with reporting frameworks 8% Has the organisation disclosed how it aligns social investment with

externally verified, recognised management and reporting frameworks?

 

Points awarded mirror the organisation’s maturity along this journey, reflecting the extent of their demonstrated commitment.

 governance and leadership 11% Does the organisation report appropriate governance structures in place to manage the organisation’s social investment from the very top?

Are accountabilities for delivering outcomes linked to board and senior executive KPIs and rewards?

 Community partner engagement 10% Has the organisation described programmes in place for community partners to input into decision-making?

 

Have they described issues community partners have raised as material and disclosed ways in which the organisation seeks to respond to these issues?

 Company values and employee engagement 10% Does the organisation disclose a commitment to the importance of social

investment embedded in the culture described within the company?

Is there evidence of behaviours to support these commitments such as reward and recognition or participation in communities of support?

Evidence of measures and reporting 8% Does the organisation identify its approach to measuring social investment?

Is there a framework for transparent and comprehensive reporting of social investment programmes?

Does it provide detail of the structure of social investment programmes and why they are in the described format?

 

inputs and activities 17% Does the organisation comprehensively describe it’s modes of social investment and associated activities?

 

measuring value to the community 10% Does the organisation disclose processes for measuring the value social

investment programmes create in financial and non-financial outcomes for the community?

 measuring value to the organisation 10% Does the organisation disclose processes for measuring the internal

value social investment programmes create in the form of financial and non-financial outcomes?

 http://www2.accaglobal.com/pubs/australia/general/research/latest/social_invest_report.pdf

 

 

 

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