CSR News Stories
Paul Polman, chief executive of Unilever, has said that the company's brands which have the strongest commitment to sustainability as part of their overall brand identity have shown stronger sales growth than the rest. "These brands accounted for half the company's growth in 2014 and grew at twice the rate of the rest of the business," he said, showing that consumers are increasingly demanding socially responsible products.
The Government Pension Fund of Norway, otherwise known as the Oil Fund, has been criticised for having fallen behind the times when it comes to one of its advertised strengths - that of ethical investing.
Commodities trading company Glencore has been the target of widespread criticism after it was accused of celebrating its ability to use the current global food crisis as a good business opportunity. Chris Mahoney, the company’s director of agriculture trading had said: “The environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness ... We will be able to provide the world with solutions ... and that should also be good for Glencore.”
Corporate social responsibility helps companies to be more competitive, according to a survey of businesses carried out for IBM. The review said that 68 percent of companies said that focusing on CSR helped them to make money, and 54 percent said that CSR helped to give them a competitive edge.
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