South Africa: Business approach to CSR still immature
Date: 1 Apr 2004
In spite of the recent requirement by the JSE for 'triple bottom line reporting', many large South African countries are struggling to understand the importance of this approach to corporate social responsibility, according to a new report.
Interviews carried out with over 100 leading companies found that, although CEOs and executives have started to acknowledge the corporate citizenship agenda, most have not yet shown sufficient committed leadership.
This was the finding of the first annual report on South African corporate citizenship, The Good Corporate Citizen, published by consulting firm Trialogue.
Companies singled out for a positive mention included SA Breweries (SAB), Anglo American, Pick 'n Pay, Vodacom, Eskom and Absa.
However, for many of the rest stakeholder engagement is typically low, and few companies are producing reports that highlight their contribution to sustainable development.
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