CSR counsellor met with anger, allegations. Canada launches CSR website for extractive industries. TORONTO (miningweekly.com) – The Canadian Institute of Mining, Metallurgy and Petroleum (CIM), in partnership with the government and other stakeholders, has set up a website to help mining, oil and gas companies based in the country and operating abroad meet their social and environmental responsibilities.
“This new website will be a one-stop shop with the latest information on corporate social responsibility rules, laws and best practices,” said Canadian Minister of International Trade and Minister for the Asia-Pacific Gateway Stockwell Day. “It will also feature timely, practical information and advice on foreign countries, local networks and relevant experiences of Canadian companies, civil society and other stakeholders operating abroad,” he said in a statement.
The site is hosted by the CIM and was developed in consultation with the federal government, industry, civil society, academia, indigenous representatives and expert practitioners. Mining, People and the Environment - Corporate Social Responsibility (CSR) This page lists all articles relating to Corporate Social Responsibility (CSR).
Bookmark this page or subscribe to the RSS feed to see new articles as they are added. Central Asia Metals’ chief executive Nick Clarke tells MPE why CSR is serious business for his company Full story... CSR: Relationship building The mining industry is learning that relationships with communities are fundamental to success Full story... Russia’s NLMK boosts social spending. Business Studies - CSR Video - Business Benefits of Corporate Social Responsibility. Sunday, February 06, 2011 PrintEmailTweet This!
Save to Favorites Here is a terrific UK-focused video that considers the business benefits of having a CSR programme. It features an architectural practice which has won awards for employee engagement in CSR. This video would make a superb stimulus lesson resource that would encourage discussion about the people management benefits of CSR… Corporate Social Responsibility - Forbes.com. Corporate social responsibility (CSR) 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: 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. 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. Corporate social responsibility. The term "corporate social responsibility" became popular in the 1960s and has remained a term used indiscriminately by many to cover legal and moral responsibility more narrowly construed. Proponents argue that corporations make more long term profits by operating with a perspective, while critics argue that CSR distracts from the economic role of businesses.
McWilliams and Siegel's article (2000) published in Strategic Management Journal, cited by over 1000 academics, compared existing econometric studies of the relationship between social and financial performance. They concluded that the contradictory results of previous studies reporting positive, negative, and neutral financial impact, were due to flawed empirical analysis. McWilliams and Siegel demonstrated that when the model is properly specified; that is, when you control for investment in Research and Development, an important determinant of financial performance, CSR has a neutral impact on financial outcomes. The Benefits of Corporate Social Responsibility - Corporate Counsel.
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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.