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Business Case for Corporate Citizenship -WBCSD


Tuesday, 2nd August 2005 at 1:08 pm
Staff Reporter
The World Business Council for Sustainable Development (WBCSD) has recently found that adept companies can successfully turn regulatory compliance and heightened corporate governance efforts into opportunities that create value for their businesses.

Tuesday, 2nd August 2005
at 1:08 pm
Staff Reporter


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Business Case for Corporate Citizenship -WBCSD
Tuesday, 2nd August 2005 at 1:08 pm

A new report from the WBCSD, “Beyond Reporting” explores how companies can obtain value and restore trust by understanding the relationship between accountability and sustainability and their core business strategy.

According to “Beyond Reporting”, companies that find value in the sea of reporting, codes and guidelines associated with compliance and corporate social responsibility:

– Articulate their own vision of accountability and sustainability, and embed it within core business strategies;
– Use accountability codes as tools to change mindsets about the relationship between value creation and sustainable development – not simply in compliance efforts;
– Integrate sustainable development and accountability across corporate functions rather than create specialised centres.

The report looks at the current corporate governance agenda from a unique stand point – by business for business – and concludes the WBCSD’s broader project on the issue of accountability and reporting.

Over 60 WBCSD member companies, accountability specialists and investors participated in this work.

Beyond Reporting has been co-authored by leading companies Alcan, Caterpillar, Environmental Resource Management (ERM), and PricewaterhouseCoopers LLP.

WBCSD provides business leadership as a catalyst for change towards sustainable development by promoting the role of eco-efficiency, innovation and corporate social responsibility in business. Through targeted projects, reports and widely circulated e-newsletters, the WBCSD offers companies a platform where they can share best practices.

Download the full WBCSD report at http://www.pwc.com/extweb/ncpressrelease.nsf/docid/90950DC1C881F3968525701C0051D4D1




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