In line with the UN Guiding Principles on Business and Human Rights, Sanofi has adopted an ambitious and holistic approach to ensure that human rights are soundly integrated throughout all the Group’s operations. For Sanofi, it is essential to ensure that respect for human rights is integrated into our business activities everywhere we operate, including in countries considered to be at risk for matters concerning human rights. more[...]
Athletics is not as popular as soccer or basketball in Turkey. Therefore, even though there are many promising Turkish young athletes, finding sponsorships for athletics is not easy. The Yılmaz Sazak International Athletics Meetings (YSIAM) have been organized now for 18 years under the main sponsorship of Yüksel. In parallel with Yüksel’s environmental sustainability strategy, the YSIAM is the first carbon-neutral track-and-field organization in Europe. The organization of the Meetings by Yüksel includes the integration of philanthropy into management processes and business activities. Corporate volunteering is achieved by the employees of Yüksel, who work for the Meetings to contribute to athletics in Turkey. more[...]
The UN Decade of Education for Sustainable Development that is currently underway aims to offer all people the opportunity to achieve a worthwhile future while also integrating knowledge about sustainability into the education environment. Education also plays an important role for businesses, since their success is based on having well-trained, highly qualified, and skilled employees. As part of its corporate responsibility strategy, AUDI AG therefore invests at all levels in the training and advancement of its employees, expands the range of education in the regions surrounding its corporate sites, and works to help underperforming and socially disadvantaged students. To put the strategic mission “We live responsibility” into practice, Audi also trains its employees specifically on the issue of sustainability. more[...]
Business ethics - some also call it corporate ethics - deals with moral principles and social values. It is based on the assumption that as an individual as well as organization you should act ethically. According to Andrew Crane, "Business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed." more[...]
The concept of a green economy has become the new buzz word in sustainability discourses, particularly in light of the Rio+20 Conference. Because of the current economic crisis and the perception that sustainability politics cannot be implemented efficiently, politicians have set their hopes on greening the economy. However, in everydays work it turns out that it isn´t that easy. What are good strategies, solutions, examples? more[...]
It is not only in the area of products and solutions that Weidmüller strives to maximize energy efficiency and conserve resources. The electronics specialist from Detmold also focuses on sustainability in its own production processes, its building infrastructure, and in cross-sector technologies. The reason for this is that energy efficiency begins long before the electricity socket. more[...]
Over the last decades, sustainability has been accepted by policy makers and corporate managers alike as a relevant and legitimate goal. In this context, the current UN-level efforts to formulate Sustainable Development Goals (SDGs) can be expected to further consolidate the sustainability agenda and to help relevant actors to address today’s key global sustainability challenges. more[...]
Air France - KLM considers the transition from fossil fuels to renewables as a priority to ensure the future of commercial aviation. The Group’s strategy is to explore the entire value chain, from research to commercialization, and to set an example for the rest of the industry. Partnerships are important to accelerate the development of a market for sustainable biofuels. more[...]
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[...]
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[...]
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[...]
Lobbyists paying elected representatives to place questions in the UK parliament. Arms manufacturers giving South African officials BMWs in exchange for armaments contracts. Smoke-filled back rooms featuring stuffed brown envelopes. No wonder lobbying has a bad name. But these are not images of lobbying: They depict corruption, albeit in a policymaking setting. These actions are morally suspect and usually illegal. They also contravene the UN Global Compact: Principle 10 requires the combating of corruption. In fact, lobbying is far more often about committee meetings, reports, and other unspectacular activities. Lobbying can be understood as the focused provision of relevant information, with the intention of influencing public policy or process. Corporate lobbying is not just important for companies; it helps create better public policies, and can therefore have real societal value, despite its bad press. more[...]
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