The Sustainability Learning Forum

Corporate Social Responsibility and Stock Market Efficiency

Prof. Leonardo Becchetti, University of Rome Tor Vergata
Dr. Rocco Ciciretti, University of Rome Tor Vergata

Leonardo Becchetti, Rocco Ciciretti and Alessandro Giovannelli investigates the relationship between Corporate Social Responsibility (hereafter CSR) and I/B/E/S Details analysts’ earnings per share (EPS) forecasts using a large sample of US firm forecasts for the 1997-2004 period. They shows that the net difference between CSR strengths and weaknesses significantly reduces both the absolute earning forecast error and its standard deviation after controlling for standard regressors and year, industry, and firm/broker effects. Their findings are consistent with the hypothesis that reduced transaction costs (and conflicts) with stakeholders and more transparent accounting practices implied by CSR significantly affect the bias. more[...] login_required

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A Strategic Alliance to Stop Malnutrition

Editorial Team

The Strategic Alliance SAFO (Strategic Alliance for Fortification of Oil) between BASF and GTZ supports local producers in the fortification of staple foods with essential nutrients, in particular Vitamin A. Besides technical training, a mobile testing kit was developed to assist quality control and monitoring more[...] login_required

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A Strategic Alliance to Stop Malnutrition

Dr. Andreas Blüthner, BASF
BASF SE
Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ)

The Strategic Alliance SAFO (Strategic Alliance for Fortification of Oil) between BASF and GTZ supports local producers in the fortification of staple foods with essential nutrients, in particular Vitamin A. Besides technical training, a mobile testing kit was developed to assist quality control and monitoring more[...]

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Implementing Solutions to Optimize Energy Consumption and Fight Climate Change

Editorial Team

In line with Italian and EU energy and environment objectives, Autostrade per l'Italia has boosted initiatives and projects promoting the use of renewable sources for the production of electricity and improvement of energy efficiency in its buildings and infrastructure. more[...] login_required

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Implementing Solutions to Optimize Energy Consumption and Fight Climate Change

Simonetta Giordani, Autostrade per l’Italia

utostrade per l'Italia –100 percent owned by shareholder Atlantia S.p.A., which is responsible for investments and strategies in the transport and communications infrastructure and networks sector – is the leading European concessionaire for toll motorway management and more[...]

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Sahr, Karin

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Moron, Sabine

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R&D driving the sustainable future of energy

Eric Brandsma, E.ON
E.ON AG

The world of energy is currently facing its potentially greatest challenge since the invention of electricity. This is being fuelled by three fundamental development trends. Firstly, demand for energy is continuing to increase. The IEA estimates that there will be about a 50 percent increase in demand for primary energy worldwide by 2030. This will require massive investments in energy generation. Secondly, climate change and the real threats it involves demand unrelenting action in support of global climate protection. Thirdly, the fact that fossil resources are not unlimited means that energy has to be treated even more responsibly. more[...] login_required

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A Nationwide charging network for electric vehicles in Denmark

Anders Lyngtorp, Dong Energy
Ørsted A/S

Our modern lifestyles offer a wealth of exciting possibilities, but also go hand in hand with high energy consumption. Because of the carbon footprint that our energy consumption leaves behind, there is no longer any reason to doubt that our lifestyles affect the climate. Each and every one of us, including DONG Energy, is responsible for minimizing our energy consumption and maximizing our consideration for the environment. As an energy company, we have a special responsibility for producing energy in as environmentally friendly a manner as possible. more[...] login_required

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A Nationwide charging network for electric vehicles in Denmark

Anders Lyngtorp, Dong Energy
Ørsted A/S

Our modern lifestyles offer a wealth of exciting possibilities, but also go hand in hand with high energy consumption. Because of the carbon footprint that our energy consumption leaves behind, there is no longer any reason to doubt that our lifestyles affect the climate. Each and every one of us, including DONG Energy, is responsible for minimizing our energy consumption and maximizing our consideration for the environment. As an energy company, we have a special responsibility for producing energy in as environmentally friendly a manner as possible. more[...]

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The Green Imperative

Steffen Frankenberg, Deutsche Post DHL
Deutsche Post DHL

Deutsche Post DHL became a signatory to the UN Global Compact in June 2006. At that time, we sought to align our internal environmental commitment and approach with key external international standards. Accepting our environmental responsibility continues to be a challenge and opportunity for us as we seek ways to adapt our business processes and culture to addressing the environmental challenges we face today. Our environmental strategy has three pillars: tackling climate change, improving our overall environmental performance, and minimizing our use of natural resources. more[...] login_required

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The Bayer Climate Program

Dr. Wolfgang Große-Entrup, Bayer Group
Bayer Group

“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[...]

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Indigenously Produced Organic Fruit

Gerd Pfitzenmeier
Amazon Carribean Guayana

In his factory hidden in the jungle, the French adventurer Pierre Saint-Arroman has taught indigenous workers how to harvest certified organic hearts of palm and pineapples, pack them in cans and ship them to customers in Europe’s organic stores and U.S. malls. With these goods, Amcar and the indigenous people create “benefits for everyone involved”, Richard notes in summarizing the basic business idea. Economic success is, of course, important to him and Pierre Saint-Arroman – but at the same time, they want to help the inhabitants of the Orionoco Delta. “In the first 15 years of our work, Guyana went through economic crises,” Xavier Richard remembers. “Today, the people earn a secure income from Amcar.” more[...] login_required

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“1+3”: Building a responsible value chain

Lucy Li Jin Xiu, BASF
BASF SE

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[...]

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Lowering CO2 emissions in group-wide effort

Coca Cola Hellenic

Coca-Cola Hellenic, the largest independent bottler of Coca-Cola products in Europe, is constructing 15 Combined Heat and Power (CHP) units in 12 countries as part of a group-wide plan to significantly reduce CO2 emissions in its operations. more[...] login_required

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