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Top 10 Corporate Responsibility Stories of 2012
Prof. Andrew Crane, Schulich School of BusinessThe Author
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AfDB and Kenya Sign Multi-Million Dollar Loan Agreement to Finance Hydroelectric Power Project and Enhance Higher Education
African Development Bank (AfDB)The African Development Bank (AfDB) on Thursday signed two loan agreements with the Government of Kenya amounting to millions of dollars to finance a major regional hydroelectric power project and the enhancement of the country’s higher education system. more[...]
The Author
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It Is Time For A Social Stock Exchange
Prof Muhammad Yunus, Yunus CentreMany of the problems in the world today persist because of a too-narrow interpretation of capitalism. Most businesses today are run based on the assumption that people are selfish and interested solely in maximizing their own profit. This is a very one-dimensional view of humans who in reality are very multidimensional. As much as selfishness is part of us, so is selflessness, but the selfless dimension is not taken into account in economic theory. more[...]
The Author
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New York Stock Exchange Listing Standards and Corporate Social Responsibility
Prof. Celia Taylor, University of Denver Sturm College of LawAlthough attention to corporate social responsibility (CSR) issues is wide-spread in the United States (US), laws regarding compliance with CSR standards and disclosure of CSR practices in the US lag behind that of other countries. Countries such as Sweden, Denmark, France, the Netherlands, the UK and others have mandated the disclosure of corporate social responsibility data.[1] more[...]
The Author
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U.S. Chamber of Commerce Sues SEC to Overturn Extractive Industry Transparency Rule
Amy K. Lehr, Foley HoagThe Author
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CSR and responsible reporting: PRACTICES of EUROPEAN BANKS and INSURANCE COMPANIES
NovethicNovethic conducted this study to assess the quality of CSR reporting of the largest European banks and insurance companies. By comparing the type of information provided by these key economic players on the Environmental, Social and Governance (ESG) aspects of their businesses, we can see how they are reacting to the scrutiny. more[...]
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CSR Reporting of European Banks and Insurance Companies still Needs Improvement
Novethic analysed the reporting of 31 European banks and insurance companies in four areas of CSR (Corporate Social Responsibility): environmental, social and governance issues and their products and services. The study examines how the financial sector has reacted to the questions it has raised since the crisis. The companies surveyed provide detailed reporting on their social policy or their direct environmental impacts, but information is sparse on sensitive governance issues such as executive compensation or tax havens. more[...]
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Study Shows how Easy it is to Set Up Untraceable Companies
Dennis LohmannA new study, published by the inter-governmental Financial Action Task Force (FATF), highlights the danger coming from shell companies. These companies without real employees and offices could have legitimate uses but are used although by money launderers, financiers of terrorism, sanctions busters and tax evaders. more[...]
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The New Foreign Direct Investment Law in Burma (Myanmar): The Tiger Sniffs
Amy K. Lehr, Foley HoagThe Author -
The Revised Equator Principles Call on Companies to Seek Free, Prior, and Informed Consent. Next up: Governments?
Amy K. Lehr, Foley HoagThe Author -
Supporting the Development of Youth Entrepreneurship in the United Kingdom
Royal Bank of Scotland GroupThe RBS Group has been a signatory of the UN Global Compact since 2003, and in 2010 our Head of Sustainability became Chair of the UK Network; working to promote the Global Compact’s Ten Principles among UK industries and the wider UNGC community. We support the Compact as we believe that the resources available to businesses can be leveraged to create sustainable development and a more sustainable economy – on both a local and global scale. more[...]
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Green Delta Reaches the 26th Year of Its Journey in the Insurance Sector
Syed Tousif Haque, Green Delta Insurance
Green Delta Insurance Co. Ltd.In January 2012, Green Delta Insurance Company Ltd. (GDIC) celebrated its 26th anniversary after being incorporated on December 14, 1985, as a public limited company. The actual operation of the company began on January 1, 1986. At that time, the company only had capital of Bangladeshi Taka (BDT) 30 million. Green Delta Insurance Company Ltd. now holds about BDT 510.3 million more[...]
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Education, Community, and Social Equality
Perihan Abdel Ghaly, Arab African International Bank
Arab African International BankArab African International Bank believes in investment in youth for a better future and realizes that its influence as a leading private institution has grown in parallel with its competitiveness. Arab African International Bank was the first bank in Egypt and the region to launch an education program for undergraduates in various universities across the country and offers awards for creative ideas. more[...]
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