Corporate social responsibility

Corporate Social Responsibility (CSR) - Sustainable and responsible business - Enterprise and Industry Corporate social responsibility (CSR) refers to companies taking responsibility for their impact on society. As evidence suggests, CSR is increasingly important to the competitiveness of enterprises. It can bring benefits in terms of risk management, cost savings, access to capital, customer relationships, human resource management, and innovation capacity. European Commission Strategy CSR is defined by the European Commission as "the responsibility of enterprises for their impacts on society" (COM (2011) 681 ). The Commission’s CSR agenda for action is: A detailed table showing progress in implementation of this agenda is available here

ISO Social Responsibility MAY 2011: ECOLOGIA's Handbook for Implementers of ISO 26000 ECOLOGIA has prepared this 33-page Handbook to meet the needs of small and medium sized businesses, who want to improve their impacts on their communities through developing their corporate social responsibility activities. In Summer 2011, ECOLOGIA will be working with a limited number of businesses in Vermont and in China, using the Handbook. The Handbook includes: overview of the standard and its goals, and what it can offer users workbook, featuring questions, tables to fill out, graphics, charts, real-life examples, and sections such as "Engaging Your Stakeholders: How to Begin the Process" definitions,principles and action suggestions for each of the seven core subjects: Organizational governance Human rights Labor practices Environment Fair operating practices Consumer issues Community involvement and development View the Handbook in .pdf format . NOVEMBER 1, 2010: Official "launch" of ISO 26000 in Geneva, Switzerland Dr.

Climate Change Adaptation and Corporate Strategy Corporate Strategy On the boardroom agenda, most organisations will now be discussing issues around environmental impact, climate change adaptation and sustainability. Your business may have strategies and policies in place. At WSP our worldwide team will be able to relate to your specific position and work collaboratively with you to shape, implement and track the most appropriate environmental or sustainability strategy for your business. Explore this part of our website and we’ll explain: We also deliver knowledge management through highly visual and user-friendly Web 2.0 tools. > Use our directory to find what you’re looking for The importance of sustainability How do you measure the importance of sustainability across the value chain in your business?

bench-marks.org / home What is CSR? rporate Social Responsibility does more harm than good | | Independent Battle of Ideas Blogs The current period of financial turmoil has – as on previous occasions – led to considerable speculation and projection by nervous enterprise leaders, confused politicians and interested advocates as to the correct conduct and purpose of business. The last time this occurred was in response to the economic downturn of the early 1990s. This led, at the time, to the articulation of a presumed need for greater corporate social responsibility – or CSR – as articulated in the 1995 RSA Inquiry, ‘Tomorrow’s Company: the role of business in a changing world’. Notably though, many of the original sponsors and supporters of that endeavour – many of whom appeared to endorse what was to become the New Labour agenda of demanding more targets and procedural audits, as well as greater dialogue and inclusion – are no longer around. But maybe that is because being a good, responsible company that cares about people and the planet, as well a profits, was not what CSR was really about in the first place.

Benefits of CSR - CSR & MANAGEMENT According to a survey published in 2008 by “ Economist Intelligence Links (Canada)”, carried out with 1200 managers from everywhere in the world, and who intended to benefit from the implementation of strategies and policies in the field from the RSE, the six principal greater advantages mentioned were: - capacity to attract new customers, - a greater value for the shareholders, - an increased profitability, - better capacity to manage the risks, - products and processes of better quality and, - capacity to recruit first choice employees. But there are still other advantages according to us. On a graph In are represented part of the interactions between the various departments in the company.

Business Case for CSR - Corporate Social Responsibility Corporate social responsibility is about the integration of social, environmental, and economic considerations into the decision-making structures and processes of business. It is about using innovation to find creative and value-added solutions to societal and environmental challenges. It is about engaging shareholders and other stakeholders and collaborating with them to more effectively manage potential risks and build credibility and trust in society. It is about not only complying with the law in a due diligent way but also about taking account of society’s needs and finding more effective ways to satisfy existing and anticipated demands in order to build more sustainable businesses. Ultimately, it is about delivering improved shareholder and debtholder value, providing enhanced goods and services for customers, building trust and credibility in the society in which the business operates, and becoming more sustainable over the longer term. Improved Reputation and Branding

Corporate social responsibility (CSR) | Current issues Corporate social responsibility (CSR) promotes a vision of business accountability to a wide range of stakeholders, besides shareholders and investors. Key areas of concern are environmental protection and the wellbeing of employees, the community and civil society in general, both now and in the future. The concept of CSR is underpinned by the idea that corporations can no longer act as isolated economic entities operating in detachment from broader society. Traditional views about competitiveness, survival and profitability are being swept away. Some of the drivers pushing business towards CSR include: 1. In the past, governments have relied on legislation and regulation to deliver social and environmental objectives in the business sector. 2. There is a growing demand for corporate disclosure from stakeholders, including customers, suppliers, employees, communities, investors, and activist organizations. 3. 4. 5. 6. 1. 2. 3. An example of such a partnership is the 'Global Compact'.

IBM study highlights the commercial benefits of CSR : greentelecomlive A new study by IBM Institute for Business Value finds that corporations can gain a competitive advantage over rivals as well as develop new revenue streams by adopting corporate social responsibility practices. “A growing body of evidence asserts that corporations can do well by doing good,” the authors of the report, George Pohle and Jeff Hittner wrote. “Well-known companies have already proven that they can differentiate their brands and reputations as well as their products and services if they take responsibility for the well-being of the societies and environments in which they operate. According to the findings of the report, many companies now see corporate social responsibility as a growth opportunity rather than just a regulatory compliance or philanthropic effort, with 68 percent of those surveyed focused on generating revenue through CSR activities. “The more information these stakeholders get, the more they want to know. Be Sociable, Share! Like this: Like Loading...