Csr-reporting: Three Big Ambitions at Tesco. I love retail.
It's fascinating - so varied, so full of so many different ways of impacting and influencing our lives. So many different priorities and so many opportunities to drive change. The retail sector is highly visible and constantly in the public eye. Not surprisingly, as most of us interact daily with the retail sector for the products we consume, ranging from food, to personal care, clothes, home appliances, furniture and almost everything else. Perceptions, Millennials and CSR: How to Engage the New Leaders of Tomorrow. The Millennial generation expects corporations to contribute to society – presenting new challenges for brands looking to capture these younger Americans' affinity and business.
By Sarah Cahan, Cone Communications With graduation season well underway, thousands of Millennials* are getting ready to enter the workforce, diplomas and ideals in hand. Numbering more than 80 million Americans, they are the largest cohort the U.S. has ever seen. And they are the first generation to grow up alongside corporate social responsibility (CSR) – in fact, a large majority have never known a world without cause marketing and CSR reports. How to develop successful sustainable business communications. Engaging stakeholders, internal and external, requires clever targeted messages that are relevant and interesting Communications in the corporate responsibility field can be fraught with misunderstanding.
Six Tips to Increase Readership of your CSR Report. By Jonathon Hensley CSR reports are enormous undertakings.
They are months in the making, involve high-level strategic planning, and require complex logistical coordination. Companies spend valuable time and resources putting reports together. Yet broach “reporting” with many CSR executives, and their eyes float off into the distance and a fleeting smile wipes across their face. Ask these executives, “Who’s reading your CSR Report?” More and more companies are producing CSR reports. City of Warsaw Integrated Sustainability Report 2013 – More haste, less speed. The first report to follow the new GRI G4 guidelines is welcome, but lacks a winner’s traits Announced with great fanfare and heralded widely as the world’s “first GRI G4 report”, the City of Warsaw’s integrated sustainability report 2013 may strive to honour the spirit of the Global Reporting Guidelines, but it falls way short of best-practice G4 adherence.
Issued as a 13-page, minimally formatted document, the report both over-reaches in its claims and under-delivers in its execution. The rush to assume the mantle of “first” seems to have usurped the care needed to fulfil the intent of the guidelines. This haste relegates the city’s report to more of a curiosity rather than a true model for others to follow. The report adopts a line-by-line ticking-off of GRI G4 indicators, in tremendously abbreviated fashion. Show Me the Impact: 5 Ways to Close the Perception Gap. Consumer perceptions of corporate and individual progress toward social and environmental issues vary – revealing an opportunity for marketers.
By Sarah Cahan Part of the Consumer Perspectives: Turning Insights into Action series Ever since cause marketing broke onto the scene in the early 1980s, corporations have realized and embraced the brand-building power of supporting social and environmental issues, from breast cancer research to recycling. When companies rally behind causes, consumers respond with increased trust, loyalty and purchase likelihood. With this passion also come increasing consumer expectations for brands to become driving forces in helping solve myriad issues. Women in CSR: Shannon Schuyler, PwC. Welcome to our series of interviews with leading female CSR practitioners where we are learning about what inspires these women and how they found their way to careers in sustainability.
Read the rest of the series here. Are socially responsible and sustainable investment analysts worth investing time in? Yes, argues Rory Sullivan One of the favourite topics of discussion among corporate responsibility managers is the irrelevance of socially responsible investment (SRI) analysts.
It is almost an article of faith that SRI analysts are out of touch with business realities. The GlobalEthicist – Take it from the top. It’s easy to think the reputational buck stops with the chief executive.
But even the CEO is accountable – to the board, which needs to keep a close eye on more than just the money, says Andrea Bonime-Blanc The proliferation of scandals involving executive malfeasance that have graced countless global newspapers, book covers and websites in this century alone is mesmerising. It began with Enron, WorldCom and Parmalat at the turn of the century, continued with Siemens, DaimlerChrysler and Boeing, and culminated (one hopes) over the past five years with almost every financial institution on Wall Street and in the City and beyond creating the second worst global financial meltdown in human history. Younger generations driving demand for socially responsible investment opportunities. Most financial professionals have probably heard anecdotal evidence tying the growing demand for socially responsible investment opportunities to the changing composition of the investing community.
Specifically, with members of younger generations emerging as major participants in capital markets, the importance of environmental, social and governance (ESG) factors has increased substantially. In a recent article, Donald Liebenson, a contributor for Spectrem's Millionaire Corner, discussed some of the publication's recent research into the relationship between age and attitudes about the importance of ESG benchmarking and other responsible investing strategies. Among Millennials with more than $1 million net worth, nearly half—49 percent—said that they consider social responsibility as a factor when evaluating investment opportunities. This signals a noteworthy shift in priorities. Expansion of responsible investing already underway Related posts: Sustainability Innovations Could Generate $156 Billion for UK Firms. Photo Credit: Flickr/Elliott Brown UK businesses could secure £100 billion pounds (nearly $156 billion USD) in annual productivity gains generated by innovations designed to address environmental and social challenges, according to a new report by Accenture, Business in the Community and Marks & Spencer.
Fortune Favors the Brave argues that companies must go beyond conventional corporate and social responsibility programs and place sustainability at the heart of business strategies and operations to unlock the full commercial potential and sustainability benefits. “At a time of economic challenges and changing consumer expectations, there is an opportunity to make sustainable business practices a driver of growth and competitiveness,” said Olly Benzecry, Managing Director UK and Ireland, Accenture. Corporate Responsibility Report Released – Now What? By Tim Mohin, Director of Corporate Responsibility, Advanced Micro Devices This week, AMD released its 18th annual corporate responsibility (CR) report.
Beyond G4: Connecting The Dots on Sustainability Reporting and Disclosure Practices. New ways of making sustainability reporting more relevant and accessible need to be developed and deployed. By Monaem Ben Lellahom In contrast to financial reporting, the history of sustainability reporting is comparatively recent. Sustainability Matters in the Battle for Talent - Jenny Davis-Peccoud. Employees at semiconductor-chip-maker Intel recently devised a new chemistry process that reduced chemical waste by 900,000 gallons, saving $45 million annually. Another team developed a plan to reuse and optimize networking systems in offices, which cut energy costs by $22 million. The projects produced financial and environmental benefits, of course. Proposed Sustainability Disclosure Listing Standard for Global Stock Exchanges.
This paper provides the basis for a consultation process designed to help build global investor support for a listing standard for stock exchanges on corporate sustainability disclosure. The aim is to establish key elements of a minimum global standard for corporate reporting that would allow investors to access and use sustainability data, while giving companies and exchanges flexibility to address specific market regulations and cultures. Asset owners and asset managers are asked to review and comment on the paper’s recommendations by May 1, 2013. 2013 Gibbs & Soell Sense & Sustainability Study. Sustainability Reporting: A GRI Certified Program. Engage radically - Future 500. New McKinsey report confirms stakeholder engagement is an important factor in CSR A recent report by McKinsey & Company, a management consulting firm, argues that a thorough stakeholder engagement process is vital to the success of a company. Today corporations are facing a diverse array of stakeholders – from government to consumers – that expect industry to help solve major economic, environmental and social problems.
Unfortunately, traditional CSR programs are failing to deliver and pressure from stakeholders, especially among activists, is increasing. Companies that are ahead of the curve are starting to realize that engaging external stakeholders is a key component to long-term success. Stakeholder engagement: a practical guide. Discovering the needs and benefits of collaboration with stakeholders can be a painful experience for companies. CSR: why there's a difference between shared values and shared value. Global Stakeholder Engagement - Future 500.
Finding Solutions from the Grassroots to the Global. Engineers develop educational robot for children with learning difficulties. Reporting. Navigating the Sustainability Landscape in a Constant Game of Chase. 3BL CSR News - February 5, 2013. What Sustainable Brand Managers Can Learn From Homer Simpson. 100 - Celebration of Service.