(Published in The Observer on 27 october 2002). A furious row has erupted between Britain’s most influential think-tank and the Institute of Directors (IoD) over a report which questions the commitment of business to corporate social responsibility (CSR). The IoD, >>> read more
Social responsibility is becoming a major selling point
Source: International Herald Tribune, 22 October 2002(Published in the IHT). Ruth Meza-Orozco, 23, works six days a week in a Taiwanese clothing factory in Managua’s Free Trade Zone. On Sundays, she studies. "My salary doesn’t help me with anything," said Meza-Orozco, who has been working in >>> read more
IRRC Finds Little Change in Potential Auditor Conflicts
Source: IRRC, 22 October 2002Investor Responsibility Research Center (IRRC) has released its second annual report on the fees public companies pay to their auditors. Audit versus Non-Audit Fees: What U.S. and U.K. Companies Pay Their Auditors indicates that increasing audit failures and corporate scandals >>> read more
New Internet portal to advance good corporate citizenship
Source: UN Globalcompact Portal, 22 October 2002The Global Compact Office today (15 October 2002) announced the launch of a powerful Internet portal that is designed to promote on-line learning, dialogue and collaboration among global actors dedicated to advancing good corporate citizenship and responsible globalisation. This is >>> read more
Fimalac launches CoreRatings
Source: CoreRatings, 21 October 2002Fimalac launches CoreRatings Fimalac, owner of Fitch Ratings, enters the corporate responsibility sector with the launch of CoreRatings, a global ratings agency. Corporate governance, environmental & product liabilities and social responsibility have all become key issues for companies and investors. >>> read more
Commission launches European Multi-Stakeholder Forum for CSR
Source: European Commission, 18 October 2002A multi-stakeholder, pan-European initiative to create a common understanding of corporate social responsibility, and enhance its credibility and effectiveness in helping to achieve EU economic, social and environmental aims, will be launched in Brussels today. The European Multi-Stakeholder Forum on >>> read more
Control Risks Group 2002 Global Corruption Survey
Source: Control Risks Group, 18 October 2002Control Risks Group launched its 3rd survey and report into corruption and its impact on business globally with a joint event in conjunction with the International Chamber of Commerce. The survey was carried out amongst 250 business leaders in the >>> read more
Nike will not publish it’s Annual CSR Report
Source: Nike, 16 October 2002California Ruling Means Nike Will Not Release Annual Corporate Responsibility Report Nike, Inc. today (14/10) asked the U.S. Supreme Court to review an unprecedented California Supreme Court ruling that effectively does away with First Amendment protection for companies and organizations >>> read more
Positive environmental management can lead to improved shareholder value
Source: , 15 October 2002A new report from the Rose Foundation for Communities & Environment titled "The Environmental Fiduciary: The Case for Incorporating Environmental Factors into Portfolio Management Practices" documents how environmental risk and liabilities can be a drag on shareholder value, while positive >>> read more
Domini Principal and KLD Founder Says SRI’s "Time Has Come"
Source: KLD, 10 October 2002Domini Social Investments LLC, manager of the Domini Social Equity Fund (NASDQ: DSEFX), announced today that Steven D. Lydenberg, a principal of the firm, has published an article entitled, "Envisioning Socially Responsible Investing: A Model for 2006," in the October >>> read more
New study shows good corporate citizenship pays off
Source: AGSM, 9 October 2002Companies that are good corporate citizens are more likely to be better financial performers, according to a new study by AGSM’s Dr Marc Orlitzky to be published soon. The wide-ranging study to be published in the international journal Organization Studies >>> read more
Environmental responsibility can bolster the bottom line
Source: Boston Business Journal, 9 October 2002As companies pursue the concept of sustainability (the process of driving economic, environmental, and social performance) they are trying to address these concerns as part of their business strategy and decision making process. Traditionally, the accounting profession has looked at >>> read more