ACCIONA’s business model is tightly linked to sustainability. ACCIONA’s 2015 Sustainability Master Plan states that each new international project must be backed up by a social impact assessment. The point is to ensure respectful and efficient interaction with local communities, mitigate risks, and improve the company’s relationships with the communities where it operates. As a flagship of ACCIONA’s commitment to the local residents of project areas, one could do no better than to look to the Mexican state of Oaxaca, where the company has four wind farms, and to Brisbane, Australia, where ACCIONA is participating in the construction and operation of the Legacy Way Tunnel. more[...]
Faced with economies still struggling to make ends meet, the European Union’s take on sustainability relies heavily on fundamental industry makeovers for signs of economic recovery. more[...]
Sustainable Energy for All is about driving actions and mobilizing commitments to positively transform the world's energy systems. UN Secretary-General Ban Ki-moon launched the SE4ALL initiative in 2011 with three objectives: ensuring universal access to modern energy services, and doubling the global rate of improvement in energy efficiency and the share of renewable energy in the global energy mix, all by 2030. more[...]
People around the world are observing the progress being made by Germany on its energy reforms (known as the “Energiewende”), which are no less than a complete overhaul of its energy supply system, entailing the phase-out of nuclear energy, a reduced reliance on fossil fuels, the promotion of energy efficiency, and the establishment of renewable energies as the main sources of energy. more[...]
In April 2014 the European Parliament adopted the long-awaited directive on the disclosure of nonfinancial and diversity information by certain large companies, amending the 2013 Accounting Directive. The directive, which adopts a report-or-explain approach, introduces measures that will strengthen the transparency and accountability of an estimated 6,000 companies in the EU. more[...]
The Sustainability Accounting Standards Board (SASB) provides sustainability accounting standards for use by publicly listed corporations in the United States when disclosing material sustainability issues for the benefit of investors and the public. SASB standards are designed for disclosure in mandatory filings to the Securities and Exchange Commission (SEC), such as the 10-K and 20-F forms. SASB is an independent 501(c)3 non-profit organization and is accredited to set standards by the American National Standards Institute (ANSI). more[...]
The Indian Companies Bill is a remarkable piece of legislation. With one stroke, it has mandated CSR spending across a multitude of companies. It is the result of months of discussions with NGOs, companies, politicians, and bureaucrats, and it is estimated that $3 billion in capital will be generated annually through the money spent by 16,000 companies on CSR (2% of net profits). more[...]
Disclosure efforts by governments around the world more[...]
Corporate social responsibility (CSR) has become firmly established in the business lexicon. Although some conversation partners still need to be reminded of what CSR really is and why it is important, most of them understand its value by now. Indeed, this leads to many different expectations for CSR, such that discussions around it today are shifting toward putting limits on the term and creating rules around it. Where does CSR begin? Where does it end? more[...]
CSR examples from Africa, Latin America, China and the Middle East more[...]
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