Business Respect - CSR Dispatches No#175 - 10 Jun 2011
An email newsletter with news and discussion focusing on corporate social responsibility globally, looking at the companies in the news and the emerging issues. Linked to the website at http://www.businessrespect.net and produced every two weeks.
This web page provides news stories and articles from the newsletters. Newsletters also include links to features on the internet, Mallen's blog, and other resources.
In this issue, we look at sustainability reporting through the lens of the oil and gas industry.
It's been a while. Busy times. Must get better at keeping the wheels turning!
The main feature this time looks again at reporting - this time through the lens of the oil and gas industry guidelines, and asking the question whether we expect too much from reporting in industries where we need step changes.
If you're based in the US and interested in this area, you might want to check out Ethical Corporation's forthcoming conference focused on the oil, gas and extractive industries in Houston. See the advert below.
The area where I live has now officially been declared as being in the middle of a drought. Good news looms, however. The Wimbledon tennis championships start in a week or two, and that always guarantees lots and lots of rain! I hope things are good for you where you are.
Japan: Tepco faces unlimited liability for nuclear disaster
Tokyo Electric Power, the company responsible for the stricken Fukushima Daiichi nuclear plant, should be held liable to an unlimited degree according to the government. Officials are working with the company and the banks to work out how the utility could withstand the huge number of compensation claims to follow.
US: BAE Systems fined in corruption probe
Defence contractor BAE Systems, which has been dogged in recent years by issues of bribery and corruption, has been fined by the US government up to $79m and will have to endure careful future scrutiny of its export programmes.
Russia: Amnesty International declares Khodorkovsky 'prisoner of conscience'
Following the rejection of Mikhail Khodorkovsky's appeal against convictions on money laundering, Amnesty International has made a statement to declare that it now holds the former businessman, along with his colleague Platon Lebedev, to be a prisoner of conscience.
US: SRI investors target lobby group members over climate change
A number of socially responsible investor groups have criticised companies that have a progressive position on climate change but which remain members of the Board of the National Association of Manufacturers (NAM). According to the group, NAM lobbies for measures to weaken EPA regulations to reduce greenhouse gas emissions.
UK: BAT criticised for funding campaign against cigarette display ban
British American Tobacco has come under fire for providing funding for a high-profile campaign by the National Federation of Retail Newsagents against a government ban of cigarette displays at the point of sale.
Argentina: Grain traders accused of criminal tax evasion
The world's largest grain traders, ADM, Bunge, Cargill and Dreyfus, will be taken to court by the government for allegedly avoiding the payment of tax.
Drug companies cut vaccine prices in search of a more humane business model
Several major pharmaceutical companies have announced major cuts in the price for their vaccines in the developing world ahead of a conference in London.
The limits of sustainability reporting
Author: Mallen Baker, dated 8 Jun 2011
Last year, the oil and gas industry's associations IPIECA and OGP launched the revision of their sustainability reporting guidance for companies in their sector. For me, it highlighted how the most important and interesting stories are hard to capture in any kind of reporting framework.
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