“I consider climate change to be the most pressing challenge facing the world today,” declares Werner Wenning, Chairman of the Board of Management of Bayer AG. “After all, climate change endangers the natural basis of all our commercial and social actions.” The consequences for company policy are clear – in this time of global financial and economic crisis in particular, it is crucial that companies set a course that will steer them towards sustainability. This also involves making a clear commitment to climate protection. As part of its comprehensive climate program, Bayer is working to develop solutions across a range of areas that will enable the company to make a contribution to tackling the challenges posed by climate change. more[...]
In China, there are over 32,000 chemical enterprises and many more if we consider the entire supply chain. Over 90% of the related companies are small and medium-sized enterprises (SMEs), which contribute strongly to the overall economic activities of the country but often find it hard to mobilise enough resources to effectively practise sustainable development. Thus, BASF in 2006 initiated a program called “1+3”, which mobilises and supports its partners and suppliers in China to improve their corporate social responsibility (CSR). more[...]
Using Web 2.0 tools for corporate accountability makes inherent sense, as they share a common thread: Both are rooted in interaction and thrive on engagement. We call this intersection The Accountability Web, the title of the report we wrote last year during a research fellowship for the CSR Initiative at the Harvard Kennedy School. more[...]
2008 will be remembered as the year of crises. The breakdown of financial institutions and markets and the subsequent worldwide economic downturn have put the spotlight on issues that the United Nations Global Compact has long advocated as essential responsibilities for modern business and today’s global markets: comprehensive risk management, long-term performance, and ethics. more[...]
Too often, corporate social responsibility (CSR) is driven by social or government pressure, the fear of possible negative publicity, or the expectations that the financial markets have of listed companies. more[...]
The ISO International Standard ISO 26000 is one of the three documents being recommended by the European Commission (EC) on guidance for European enterprises to fulfil their commitment to social responsibility. more[...]
The United Nations Human Rights Council has taken great strides to ensure national water governance better considers human rights, and has also taken into account national concerns over the effects environmental degradation is having on human rights, according to environmental nongovernmental organizations Green Cross International and WaterLex. more[...]
The United Nations Global Compact – which is a Global Public Policy Network advocating ten universal principles in the areas of human rights, labour standards, environmental protection, and anti-corruption – has turned into the world’s largest corporate responsibility initiative. Although the Global Compact is often characterized as a promising way to address global governance gaps, it remains largely unclear why this is the case. Andreas Rasche and Dirk Ulrich Gilbert discusses to what extent the initiative represents an institutional solution to exercise global governance. more[...]
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