CSR News Stories
'Just-in-time' business models that lead companies to expect supplies to arrive just when needed, eliminating all reserves, have grown to the point where they represent a major national risk, according to a report by Chatham House.
The management of embattled standards organisation AccountAbility has issued a letter to stakeholders attacking the actions of its own AA1000 Standards Board following the collective resignation of that group earlier this week.
The Standards Board that oversees the AA1000 standard has announced that it has collectively resigned over loss of trust between it and the directors of Accountability. This had arisen following changes to the business model of AccountAbility and how this leaves the standard as a 'public good' shaped by stakeholder governance.
Hang Seng Indexes has become the latest to launch a series of sustainability indices, covering Hong Kong and Chinese companies. The aims of the index series is to "further raise awareness about corporate sustainability" as well as to meet international demand for socially responsible investment in Chinese companies.
British union leaders and lawmakers lashed out at Kraft Inc. Chief Executive Irene Rosenfeld for failing to appear before an inquiry on the U.S. company's takeover of British confectioner Cadbury on Tuesday. The Unite union also criticized Rosenfeld for failing to meet directly with workers at Cadbury sites across the country to reassure them about the company's plans after it backtracked on a promise to keep open a local factory.
The Indonesian stock exchange has launched a new investment index based on the social and environmental performance of companies.
A new body to promote business engagement with the local community has been launched as the National Forum for Social Responsibility. It brings together 50 public, private and civil society founding members.
Companies with a turnover of more than 50m UK pounds are twice as likely to have established policies on corporate social responsibility and diversity, according to new research by KPMG on its own suppliers.
King Abdullah has urged an ongoing partnership between public and private sectors to boost social responsibility in Saudi Arabia. The message from the King, delivered at the opening of a three day corporate social responsibility conference, said that the time had come to make social responsibility a reality "not just a rhetoric by the (business) elite".
Textron, which owns plane manufacturer Cessna, and mining firm Barrick Gold, have become the latest companies to be blacklisted for ethical reasons by the $300bn Norwegian state investment fund.
A summit of political leaders and economists, led by French President Nicolas Sarkozy and former UK prime minister Tony Blair, will focus on how the world can strengthen the ethical basis of the capitalist system.
In response to the widespread crisis of confidence in the ethics of big business, seventeen major corporations have joined the Business Ethics Leadership Alliance. The companies, which include Wal-Mart, General Electric, Dell, PepsiCo and Accenture, between them represent nearly $1 trillion turnover.
Three-quarters of businesses that have solid corporate social responsibility programmes are seeing financial returns, particularly as a result of achieving environmental goals, according to a new report by the Economist Intelligence Unit.
ABB UAE has won the award for large companies at the inaugural Arabia Corporate Social Responsibility Awards for having "institutionalised CSR for the past 14 years". Other winners were fuel producer Oman LNG in the medium-sized class, and MBS Firefighting Coatings and Environmental Centre for Arab Towns in the small firms category.
Peru's deputy foreign minister has said that corporate social responsibility will be tabled as a key element of globalisation when the country hosts the next Asia Pacific Economic Cooperation (APEC) summit in Lima in November.
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has said that it is to develop a standard on corporate social responsibility that can be used by Islamic financial firms.
In the release of its most recent 'World's most ethical companies' list, Ethisphere has said that there is a clear premium of performance in the marketplace for those companies that have been acknowledged as having a superior track record on ethical management.
Marc Benioff, the chief executive of salesforce.com, the customer relationship management software company, has been named as Corporate Responsibility Officer Magazine's 2008 CEO of the Year award.
The United Nations has announced that its initiative to promote social responsibility through educational programmes has now been endorsed by over 100 business schools around the world.
The government of Bangladesh is to undertake an initiative to promote corporate social responsibility, according to its Special Assistant to the Chief Advisory for Industries Mahbub Jamil.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.