Chairman Jaap Winter of the High Level Group of Company Law Experts today presented the Final Report of the Group on a Modern Regulatory Framework for Company Law in Europe to EU Commissioner Frits Bolkestein. After the Group had delivered >>> read more
News
Mandatory Sustainability reporting and CSR Bill debated in UK Parliament
Source: New Economics Foundation, 6 November 2002The UK Parliament’s House of Commons is currently discussing a new bill, titled Corporate Responsibility (Environmental, Social and Financial Reporting), or "CORE Bill". The Bill, introduced by MP Linda Perham, is backed by organisations including Amnesty International, Friends of the >>> read more
Nike Greenwash Decision a Double-Edged Sword
Source: SocialFunds.Com, 5 November 2002While some cheer the California Supreme Court ruling against Nike as a victory for truth in advertising, others consider it a potential defeat for CSR reporting and increased corporate transparency. In the May 2002 decision of the Kasky v. Nike >>> read more
Telecommunications: Are the vultures circling over sustainability?
Source: Oekom, 31 October 2002With losses due to UMTS licence costs, mass redundancies and falling market prices, many financial analysts are advising selling shares in telecommunications companies. Can the sector manage to overcome the sharp financial downturn and at the same time meet its >>> read more
Meacher launches report on managing environmental risk
Source: Chartered Institute of Management Accountants, 31 October 2002The Chartered Institute of Management Accountants CIMA launched the publication, Environmental Accounting: An Introduction and Practical Guide, to an invited audience of finance directors and other senior financial personnel from the FTSE 100, professional accounting bodies and beyond. The publication, >>> read more
Unilever on website listing social report card on corporations
Source: The Miami Herald, 31 October 2002Conscientious consumers who want to make sure the companies they support share their social values can turn to a new website that rates several big corporations on issues. Dan Porter, of Portland, Maine, launched www.idealswork.com six months ago. It ranks >>> read more
Dutch Researchers receive prestigious US award for outstanding research in the field of SRI
Source: Maastricht University, 29 October 2002Last week Rob Bauer, Kees Koedijk and Roger Otten (all affiliated with Maastricht University) received the 2002 Moskowitz Prize at the SRI in the Rockies conference in Colorado Springs (USA). This in recognition of their report, "International Evidence on Ethical >>> read more
Institute of Directors (IoD) gags Blairite think-tank report about CSR
Source: The Observer, 28 October 2002(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