C S R First World Report
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According to a first world report on corporate social responsibility: Only a small percentage of companies published social reports or had codes of ethics, suppliers codes, or environmental policies in place. Larger companies and those in certain industries like telecom performed better on CSR measures than smaller or service companies. Factors like having a CSR manager, ethics training, and paying better wages were linked to higher CSR scores. However, CSR was still largely viewed as charity and progress on it over time was surprisingly lacking across many companies globally.
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C S R First World Report
- 1. First World Report on CSR Main Conclusions
- 2. CSR is not improving over time surprisingly CSR is still viewed as essentially philanthropy Only 27% of companies produced a social report Cos that had a code of ethics did better than those without and yet produced a social report Only 35% of cos had a suppliers code of conduct Only 41% of cos applied an environmental code 71% of the cos supported their community in some way 72% of cos felt that their products were socially responsible
- 3. It cannot be assumed that all cos in highly corrupt countries are low on CSR Small cos (10 to 50 members) have a worse record on CSR than other size cos. Training of ethics more in larger cos. Cos. With specific ethics programme had a much higher CSR score than those without Highest CSR score in telecom cos. Lowest CSR score in service cos. Few cos have a manager responsible for CSR initiatives 60% of cos in the energy sector do not have a CSR manager
- 4. 90% of companies stated that they were active in ensuring social responsibility in the use of their products. 55% of cos had a human rights policy Cos that paid better wages had a better score on CSR initiatives. CRITICS