Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

CEO’s challenged on Corporate Responsibility


Friday, 26th August 2005 at 1:08 pm
Staff Reporter
0

Friday, 26th August 2005
at 1:08 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
CEO’s challenged on Corporate Responsibility
Friday, 26th August 2005 at 1:08 pm

Australia’s top 250 companies and Business Council of Australia members are being challenged to demonstrate leadership by voluntarily adopting corporate responsibility standards.

Dr Simon Longstaff, Executive Director St James Ethics Centre says that with increased regulation this is a crucial opportunity for business to demonstrate a willingness to self-manage in corporate responsibility.

Dr. Longstaff says profits are not the sole measure of business success. Investors expect businesses to manage a broad array of risks linked to their behaviour in society.

He said St James Ethics Centre is launching Australia’s third Corporate Responsibility Index in September.

In the past year, 27 of Australia’s top 250 companies participated in the internationally recognised Index.

The question remains: how many will take up the challenge this year?

This week, letters were sent to Australian CEO’s urging them to participate in the 2005 Index.

Dr. Longstaff says this is not a tool being imposed on business from outside. It’s developed by business, for business.

He says participants have spoken about the urgency of the business community to adopt responsible, sustainable business practices.

Speaking about the index, Philip Bullock CEO and MD IBM Australia and NZ says the financial results are important, but just as important is how you go about achieving them.

David Morgan CEO Westpac says it’s not simply the right thing to do, but it is also very good business.

BHP Billiton CEO Chip Goodyear says corporate responsibility is a critical element to its licence to operate. How it compares to others, not only in its industry but more broadly to BHP Billiton and that is why it chose to complete the Index.

Dr Longstaff says that in the past, Australian companies have offered a number of reasons for not participating. These include a lack of resources, and a fear of not rating well in the Index.

He says it is crucial that as companies release end of year financial results, they also turn their attention to improving their performance in the area of corporate responsibility. That is the Bottom Line!

For more information about the Corporate responsibility Index go to
http://www.corporate-responsibility.com.au.



Guide to Giving

FEATURED SUPPLIERS


...


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

Yes we’re lawyers, but we do a lot more....

Moores

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers

Tags : Corporate,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

Mental Health Groups Call for Same-Sex Marriage to Prevent Suicide

Luke Michael

Thursday, 21st September 2017 at 4:24 pm

$2 Million Grant Helps Give Australians in Need A Fair Go

Wendy Williams

Thursday, 21st September 2017 at 8:35 am

NFPs Need Social Media More Than They Know

Alecia Hancock

Thursday, 21st September 2017 at 8:33 am

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!