Business & Society Highlights 2008
Michael J. Kane
kane.michael@epa.gov
December 31, 2008
New Organizations
o International Renewable Energy Agency (October 2008)
http://www.irena.org/
International Business Policy Organizations
- Eco-Patent Commons collaboration by IBM, Nokia, Pitney Bowes and Sony; web site hosted by the World Business Council for Sustainable Development (January 2008)
- http://www.wbcsd.org/web/epc/
- http://www.csrwire.com/News/10706.html
- the World Economic Forum, Business for Social Responsibility, AccountAbility, the Harvard CSR Initiative, the International Business Leaders Forum and 14 corporate leaders release report Partnering to Strengthen Public Governance: The Leadership Challenge for CEOs and Boards (January 2008)
- http://www.weforum.org/documents/PR/GCCI_Report_20080111.pdf
- the Corporate Executive Board and Innovest release their report Sustainability Benchmarking Report (in PowerPoint) (January 2008)
http://www.sustainability.executiveboard.com/case.html
- the World Business Council for Sustainable Development, the World Resources Institute, and others release the Corporate Ecosystem Services Review (March 2008)
- http://www.wbcsd.org/
o Business for Social Responsibility launches HERproject to promote partnerships in emerging economies to improve women workers’ health (March 2008)
- http://www.herproject.org/
- International pharmaceutical manufacturers network launches Global Health Progress web site to coordinate initiatives (April 2008)
- http://www.globalhealthprogress.org/
- Business for Social Responsibility launches initiative to protect the rights of international labor migrants along global supply chains in Asia, the Middle East and Africa (July 2008)
- http://www.bsr.org/
- Business for Social Responsibility launches Web 2.0 report Software Accelerates Sustainable Development (August 2008)
- http://www.bsr.org/
- the International Organization for Standardization’s ISO 26000 standard for social responsibility moves from working draft (by experts) to committee draft (for consideration by 84 national standards bodies) (September 2008)
- http://www.iso.org/sr
- Business for Social Responsibility releases report International Labor Migration: A Responsible Role for Business (October 2008)
- http://www.bsr.org/research/reports.cfm
National Business Organizations
- the Spanish Association for Standardization and Certification launches report Ethics, Corporate Social Responsibility Management System (January 2008)
- http://www.aenor.es/
o the American Society of Association Executives releases draft Guiding Principles for Associations in Social Responsibility (October 2008)
- http://www.asaecenter.org/srprinciples
- the American National Standards Institute coordinates comments on draft ISO Social Responsibility Standard 26000 (December 2008)
- http://www.ansi.org/news_publications/news_story.aspx?menuid=7&articleid=2063
Human Rights and Labor Organizations
- Social Accountability International’s 10 th Anniversary Report (February 2008)
- http://www.sa-intl.org/
- Oxfam America and the Economic Community of West African States launch code of conduct for mining industry in West Africa (April 2008)
- http://www.oxfamamerica.org/newsandpublications/
- Slavery Map launched (June 2008)
- http://www.slaverymap.org/
- American Rights at Work releases it fourth annual report The Labor Day List: Partnerships That Work (September 2008)
- http://www.americanrightsatwork.org/
- the International Commission of Jurists Expert Legal Panel on Corporate Complicity in International Crimes releases final report (September 16, 2008)
- http://www.icj.org/
- http://www.business-humanrights.org/Updates/Archive/ICJPaneloncomplicity
Environmental Organizations
- the World Resources Institute and the World Business Council for Sustainable Development launch Sustainable Procurement of Wood and Paper-Based Products (April 2008)
- http://www.sustainableforestprods.org/
- the Sierra Club launches annual Green Energy and Green Livelihoods Achievement Award of $100,000 in India (April 2008)
- http://www.sierraclub.org/pressroom/releases/pr2008-04-03.asp
o the Environmental Defense Fund releases its first Innovations Review 2008 with
examples of products and technologies that are good for business and good for the environment (May 2008)
- http://www.edf.org/page.cfm?tagid=1594
o the World Resources Institute releases Voice and Choice: Opening the Door to Environmental Democracy (June 2008)
- http://www.wri.org/publication/voice-and-choice
National Government Programs and Initiatives
- China’s State Environmental Protection Administration launches first China Pollution Source Census (January 2008)
- http://english.sepa.gov.cn/News_service/news_release/200801/t20080124_116772.htm
- US Pension Benefit Guaranty Corporation establishes new investment policy for $55 billion (February 2008)
- http://www.pbgc.gov/media/news‑archive/news‑releases/2008/pr08‑19.html
- China’s State Environmental Protection Administration releases new “green securities” policy on listing of securities for companies: Directory Proposals on Strengthening Supervision over Environmental Protection of Listed Companies (February 2008)
- http://www.zhb.gov.cn/
- China Securities Regulatory Commission releases document requiring SEPA environmental assessment with new public securities listings (February 2008)
- http://www.csrc.gov.cn/
o China’s State Environmental Protection Administration establishes new “Measures on Open Environmental Information for Trial Implementation” (effective May 1, 2008)
- pdf: http://www.epa.gov/ogc/china/open_environmental.pdf
o Denmark’s Ministry of Economic and Business Affairs releases Action Plan for Corporate Social Responsibility (May 2008)
- http://www.samfundsansvar.dk/sw42800.asp
- US Institute of Peace panel event Promoting Business and Peace in Conflict-Affected Countries (June 9, 2008)
- panel audio: http://www.usip.org/events/2008/0609_business_conflict.html
o US Environmental Protection Agency convenes National Dialogue with Financial Firms (June 19, 2008)
- summary report published in August 2008
- http://registration.casals.com/epa%2Djune19%2Dmeeting/
- http://www.epa.gov/nationaldialogue/summaries/financial.html
- US Congressman Barney Frank introduces HR 6066, the Extractive Industries Transparency Disclosure Act, which would require companies to disclose payments to foreign governments (May 2008)
- http://thomas.loc.gov
- http://www.govtrack.us/congress/bill.xpd?bill=h110-6066
- US SEC launches 21 st Century Disclosure Initiative (June 2008)
- http://www.sec.gov/spotlight/disclosureinitiative/plan.shtml
- public comments promoting more attention to environmental, social and governance matters: http://www.sec.gov/comments/4-567/4-567.shtml
- final report in early 2009
- US SEC moves toward International Financial Reporting Standards (August 2008)
- http://www.sec.gov/news/press/2008/2008-184.htm
- US Congressional Human Rights Caucus holds hearing on investment in Sudan and on preventing investment related to genocide (September 10, 2008)
- http://investorsagainstgenocide.net/chrc
- China’s People’s Bank of China and WWF release Towards Sustainable Development: Reform and the Future of China’s Banking Industry (September 2008)
- http://www.panda.org/news_facts/newsroom/news/index.cfm?uNewsID=146221
- US Agency for International Development launches Global Development Commons web site to promote technology for development (October 2008)
- http://www.globaldevelopmentcommons.net/
o Denmark’s Parliament amends the Financial Statements Act to require Denmark’s 1,100 largest companies listed on stock exchange to report their CSR programs (December 2008)
- http://www.samfundsansvar.dk/sw42800.asp
State and Regional Government Programs and Initiatives
- State of Vermont’s new Low-Profit Limited Liability Company (2008)
- http://www.sec.state.vt.us/corps/dobiz/llc/llc_l3c.htm
- State of California’s proposed legislation AB 2944, the California Business Leadership and Innovation Act; approved by the Assembly (2008)
- http://www.leginfo.ca.gov/pub/07-08/bill/asm/ab_2901-2950/ab_2944_bill_20080822_amended_sen_v95.html
background: http://www.newvoiceofbusiness.org/index.cfm?fuseaction=Page.viewPage&pageId=520&parentID=475
International Organizations
- the UN Global Compact releases Africa: An Inspirational Guide to Implementing the United Nations Global Compact (17 business case examples; January 2008)
- http://www.unglobalcompact.org/newsandevents/publications.html
- IFC report on business and human rights (Spring 2008)
- http://www.csrwire.com/News/9387.html
- International Monetary Fund releases draft guidelines for sovereign wealth funds (October 2008)
- http://www.iwg-swf.org/
- SWF analysis: http://www.responsible-investor.com/home/article/sovereign_wealth1/
- Independent High Level Panel report on the African Development Bank: Investing in Africa’s Future – the ADB in the 21 st Century (March 2008)
- http://www.cgdev.org/doc/events/3.27.08/HLP_Report_Investing_in_Africa.pdf
- the Inter-American Development Bank and Innovest launch the Opportunities for the Majority Index to encourage investment in Latin American and Caribbean companies with high environmental, social and governance performance (April 2008)
- http://www.csrwire.com/News/11633.html
- UN Special Representative John Ruggie’s report Promotion and Protection of All Human Rights, Civil, Political, Economic, Social and Cultural Rights, Including the Right to Development (April 7, 2008)
- http://www.business-humanrights.org/Links/Repository/965591
- OECD releases report Overview of Selected Initiatives and Instruments Relevant to Corporate Social Responsibility (June 2008)
- pdf: http://www.oecd.org/dataoecd/18/56/40889288.pdf
- UN Principles for Responsible Investment establishes an academic network (September 2008)
- http://academic.unpri.org/
- The European Union’s European Investment Bank releases a revised Statement of Environmental and Social Principles and Standards (Fall 2008)
- http://www.eib.org/about/news/public-consultation-on-eibs-eib-statement-of-environmental-and-social-principles-and-standards.htm
- The African Union’s New Partnership for Africa’s Development (NEPAD) announces plans for an African Socially Responsible Investment Index (September 2008)
- http://www.un.org/News/briefings/docs/2008/080916_Africa.doc.htm
- the UN World Food Programme and the Gates Foundation launch Purchase for Progress to give small farmers access to markets (September 2008)
- http://www.wfp.org/p4p/
- The UN Global Compact and other UN organizations release report Food Sustainability – A Guide to Private Sector Action (September 2008)
- http://www.unglobalcompact.org/NewsAndEvents/publications.html
- the Principles for Responsible Investment (a joint program of the UNEP Finance Initiative and the UN Global Compact) merges with the Enhanced Analytics Initiative (October 2008)
- http://www.unpri.org/
- UNEP Finance Initiative and the Global Reporting Initiative release new standard for reporting of environmental and social factors for financial products and services (October 2008)
- http://www.unepfi.org/work_streams/reporting/index.html
- Asia-Pacific Economic Cooperation Forum addresses corporate responsibility at annual conference (November 2008)
- http://www.apec.org/
Investment Organizations
- Ceres launches report Corporate Governance and Climate Change: The Banking Sector (January 2008)
- http://www.csrwire.com/News/10696.html
- report: http://www.ceres.org/NETCOMMUNITY/Document.Doc?id=269
- Dow Jones launches Dharma Indexes (January 2008)
- http://www.djindexes.com/mdsidx/?event=showDharmaOverView
- http://www.socialfunds.com/news/article.cgi/2455.html
- the Social Investment Research Analyst Network releases Sustainability Reporting in Emerging Markets: An analysis of the sustainability reporting in selected sectors of seven emerging market countries (January 2008)
- http://www.siran.org/emd/
- SAM Group and Pricewaterhouse Coopers launch The Sustainability Yearbook 2008 (January 2008)
- http://www.sam‑group.com/yearbook/
- the Association of British Insurers releases Governance and Performance in Britain (February 2008)
- http://www.abi.org.uk/Newsreleases/viewNewsRelease.asp?nrid=15815
- the Investor Environmental Health Network releases Mutual Neglect: How the Largest Institutions in the Stock Market Ignore Health Problems and Financial Threats Stemming From Toxic Product Liabilities (March 2008)
- http://www.iehn.org/publications.reports.mutualfunds.php
o Goldman Sachs launches business education initiative for 10,000 women worldwide (March 6, 2008)
- http://www.10000women.org/
- the Investor Environmental Health Network releases Toxic Stock Syndrome: How Corporate Financial Reports Fail to Apprise Investors of the Risks of Product Recalls and Toxic Liabilities (April 2008)
- http://www.iehn.org/publications.reports.toxicstock.php
- Responsible Investor and Investment & Pensions Europe launch RI Landscape 2008 (May 2008)
- http://www.responsible‑investor.com/home/article/ri_landscape/
- China launches the Taida Environmental Index with 40 listed companies (Spring 2008)
- http://www.csr‑asia.com/index.php?p=11106
(free registration required)
o the Interfaith Center on Corporate Responsibility, Disney, McDonalds and other investors release report on code of conduce compliance in China: Project Kaleidoscope (March 2008)
- http://www.iccr.org/news/press_releases/2008/pr_projectK05.06.08.htm
- the Equator Principles initiative announces its 5 th anniversary membership of 60 financial institutions (May 2008)
- http://www.equator-principles.com/documents/EP_5th_anniversary_press_release.doc
- Principles for Responsible Investment, an investor initiative (381 signatories) in partnership with the UNEP Finance Initiative and the UN Global Compact, releases Report on Progress 2008 (July 2008)
- http://www.unpri.org/report08/
- Investor network launches campaign to fight child labor in cotton industry in Uzbekistan (August 2008)
- http://www.csrwire.com/News/12867.html
- Investor Advocacy Networks summarized by CSRwire (August 2008)
- http://www.csrwire.com/News/12897.html
- National Association of Insurance Commissioners Climate Change Task Force releases proposal to disclose climate risk (August 2008)
- http://www.naic.org/committees_ex_climate.htm
- Ceres and fourteen institutional investors ask the US SEC to require improved corporate climate risk disclosure and address a broader range of environmental, social and governance risks in disclosure requirements (October 2008)
- http://www.csrwire.com/News/13537.html
- Aviva Investors CEO calls for all stock exchanges to add listing requirements with environmental, social and governance factors (November 2008)
- http://www.aviva.com/index.asp?PageID=44&category=csr&year=Latest&newsid=4556
- International Corporate Governance Network releases ICGN Statement and Guidance on Non-financial Business Reporting (December 2008)
- http://www.icgn.org/
Foundations
o Rockefeller Philanthropy Advisors releases Philanthropy’s New Passing Gear: Mission-Related Investing, A Policy and Implementation Guide for Foundation Trustees (March 2008)
- http://rockpa.org/ideas_and_perspectives/publications/
- the Goldman Fund announces its annual Goldman Environmental Prize Awardees (April 2008)
- http://www.goldmanprize.org/
- the UN Foundation and the Vodafone Group Foundation release Wireless Technology for Social Change: Trends in NGO Mobile Use (May 2008)
- http://www.unfoundation.org/vodafone/communications_publication_series.asp
o the Rockefeller Foundation plans to launch the Global Impact Investing Network (early 2009)
- http://www.rockfound.org/efforts/impact_investing/impact_investing.shtml#top
Partnerships
o SustainAbility and others launch The Social Intrapreneurs: A Field Guide for Corporate Changemakers (April 2008)
- http://www.sustainability.com/insight/article.asp?id=1457
- the UN Refugee Agency (UNHCR) and Google launch Google Earth Outreach mapping for humanitarian operations (April 2008)
- http://earth.google.ch/outreach/
- http://www.unhcr.org/googleearth/
- the Roundtable on Sustainable Biofuels releases its first draft of Principles on Sustainable Biofuels Production (August 2008)
- http://www.bioenergywiki.net/
Principles
- the UN Office for the Coordination of Humanitarian Affairs and the World Economic Forum release Guiding Principles for Public-Private Collaboration for Humanitarian Action (January 2008)
- http://www.reliefweb.int/rw/RWB.NSF/db900SID/AMMF‑7B6DBP?OpenDocument
- broad coalition launches the Global Network Initiative on freedom of expression in the information and communications technology sector with principles, guidelines, and learning framework (October 2008)
- http://www.globalnetworkinitiative.org/
- http://www.business-humanrights.org/Documents/GlobalNetworkInitiative-responses
Accountability and Monitoring
- The Global Partnership for Sustainable Tourism Criteria (October 2008)
- http://www.sustainabletourismcriteria.org/
- CBS 60 Minutes Scott Pelley exposes electronic waste fraud (November 2008)
- http://www.cbsnews.com/stories/2008/11/06/60minutes/main4579229.shtml?source=newsletter
Public Policy Organizations
- UK’s Conservative Party Working Group on Responsible Business releases A Light but Effective Touch (March 2008)
- http://www.conservatives.com/pdf/responsiblebusiness.pdf
- the Aspen Institute releases its first Guide to Socially Responsible MBA Programs (June 2008)
- http://www.bkconnection.com/ProdDetails.asp?ID=9781576756669
- Light Years IP (Intellectual Property) releases report on promoting intellectual property in Africa (June 2008)
- http://www.lightyearsip.net/scopingstudy/
Academia
- INSEAD and others release report Understanding and Responding to Societal Demands on Corporate Responsibility (January 2008)
- University of London’s Birkbeck School launches institute of corporate governance and ethics (Spring 2008)
- http://www.bbk.ac.uk/ce/
- the Institute for Responsible Investment of the Boston College Center for Corporate Citizenship releases report on non-financial reporting (Spring 2008)
- http://www.bcccc.net/
- Deloitte creates IFRS University Consortium to develop curriculum to teach International Financial Reporting Standards (May 2008)
- http://www.deloitte.com/dtt/article/0,1002,cid%253D206187,00.html
- Yale School of Forestry & Environmental Studies launches online magazine Yale Environment 360 (June 2008)
- http://e360.yale.edu/
- Columbia University’s Earth Institute receives $15 million grant from the MacArthur Foundation to create new Master’s in Development Practice degree program with other universities (October 2008)
- http://mdp.ei.columbia.edu/
- University of Chicago’s Business School receives $300 million from alum David Booth (November 2008)
- http://www.chicagogsb.edu/
Professional Organizations
- the Society of Investment Professionals in Germany releases KPIs for ESG: Key Performance Indicators for Environmental, Social and Governance Issues (March 2008)
- http://www.dvfa.de/die_dvfa/kommissionen/non_financials/dok/35683.php
- the CFA Institute releases Environmental, Social and Governance Factors at Listed Companies: A Manual for Investors (April 2008)
- http://www.cfainstitute.org/
- The Securities & Investment Institute (UK) and Hawkamah (UAE) create the SII and Hawkamah Code of Conduct (July 2008)
- http://www.hawkamah.org/code_of_conducts/
Trends and Surveys
- Corporate Knights and Innovest release fourth annual survey The Global 100 Most Sustainable Corporations in the World (January 2008)
- http://www.global100.org/
- Edelman, Boston College Center for Corporate Citizenship, Net Impact and the World Business Council for Sustainable Development release Corporate Responsibility & Sustainability Communications (January 2008)
- http://www.edelman.com/expertise/practices/csr/
- the Social Investment Forum releases Socially Responsible Investment Trends in the United States (March 2008)
- http://www.socialinvest.org/resources/research/
- http://vcr.csrwire.com/node/6120
o Responsible Investment Metrics releases Responsible Investment 2008: an analysis and measurement of the competencies and practices of leading asset managers (May 2008)
- http://www.rimetrics.com/
- Eurosif releases its 2008 socially responsible investment study (October 2008)
- http://www.eurosif.org/publications/sri_studies
- KPMG International releases KPMG International Survey of Corporate Responsibility Reporting 2008 (October 27, 2008)
- http://www.kpmg.com/Global/IssuesAndInsights/ArticlesAndPublications/
New Publications, Broadcast Media and Film
o Discovery cable channel launches Planet Green Channel (Spring 2008)
- http://planetgreen.discovery.com/
- Justin Dillon’s film Call + Response re: slavery and human trafficking (Fall 2008)
- http://www.callandresponse.com/
New Newsletters
- Greenpeace China launches Green Investment (March 2008)
- http://www.greenpeace.org/china/en/green-investment
- Sustainable Development International and UNEP launch Climate Action (April 2008)
- http://www.climateactionprogramme.org/
Books
- Fred Krupp and Miriam Horn, Earth: The Sequel (March 2008)
- http://www.wwnorton.com/catalog/spring08/006690.htm
o Gus Speth, The Bridge at the End of the World: Capitalism, the Environment, and Crossing from Crisis to Sustainability (March 2008)
- http://yalepress.yale.edu/yupbooks/book.asp?isbn=9780300136111
- Alex Counts, Small Loans, Big Dreams: How Nobel Prize Winner Muhammad Yunus and Microfinance are Changing the World (April 2008)
- http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470196327.html
o Sandra Waddock, The Difference Makers: How Social and Institutional Entrepreneurs Created the Corporate Responsibility Movement (May 2008)
- http://www.greenleaf-publishing.com/
- Tom Friedman, Hot, Flat, and Crowded: Why We Need a Green Revolution – And How It Can Renew America (September 2008)
- http://www.fsgbooks.com/
- Joel Makower, Strategies for the Green Economy: Opportunities and Challenges in the New World of Business (October 2008)
- http://www.mhprofessional.com/contributor.php?id=37445
- Cary Krosinsky and Nick Robins, Sustainable Investing: The Art of Long-Term Performance (November 2008)
- http://www.earthscan.co.uk/
- Matthew Kiernan, Investing in a Sustainable World: Why Green Is the New Color of Money on Wall Street (2008)
- http://www.amanet.org/books/book.cfm?isbn=9780814410929
Leaders’ Remarks
- Bill Gates calls for Creative Capitalism (January 2008)
- http://www.gatesfoundation.org/MediaCenter/Speeches/
- Klaus Schwab’s article Global Corporate Citizenship: Working with Governments and Civil Society (January/February 2008)
- http://www.weforum.org/pdf/schwab_article.pdf
- Al Gore’s newest speech and slides (video: 28 minutes running time) at the annual TED Conference in Monterey, CA (April 2008)
- http://www.ted.com/talks/view/id/243
- Wal-Mart CEO Lee Scott’s speech at Wal-Mart Sustainability Summit in Beijing with 1,000 suppliers, Chinese government officials and NGOs (October 22, 2008)
- http://walmartstores.com/FactsNews/NewsRoom/8696.aspx
- http://walmartstores.com/Sustainability/8685.aspx
New Online Interactive Platforms
- Harvard Business Review launches HBR Green (January 2008)
- http://www.hbrgreen.org/
- http://greenopolis.com/beta/
- http://www.justmeans.com/
- GreenBiz Executive Network (November 2008)
- http://greenbizintelligence.com/
- dotSUB: Any Video Any Language (2008)
- http://dotsub.com/
- Business and Society Exploring Solutions (December 2008)
- http://www.baseswiki.org/
Innovative Policy Reports and Research
Special CSR-Related Publications
- BusinessWeek publishes special edition Green Business Innovations: The Latest Trends in Corporate Greening (April 2008)
- http://www.csrwire.com/News/11469.html
- BusinessWeek publishes special edition CSR As A Business Strategy (September 2008)
- http://www.csrwire.com/News/12601.html
- BusinessWeek publishes special edition Greening the Supply Chain (November 2008)
- http://www.csrwire.com/News/13369.html
- the Financial Times publishes special reports on a range of themes on business and society during the year
- http://www.ft.com/reports
My thanks to contributors. This paper is in the public domain.