Sep 18, 2005

More companies including CSR as part of core mission, study finds

According to a new study conducted by the Conference Board in New York, more and more global corporations are integrating corporate citizenship efforts into the core missions of their organizations. The study found that citizenship values are increasingly central to corporations' missions, and companies are using internal audits, benchmarking and continuous-improvement measures to improve their social responsibility efforts. In addition, some have started using external auditors to evaluate and report on their standards.

"Looking to the future, the biggest growth area is likely to be in applying best practices in corporate citizenship reporting across the 'extended enterprise'," said Amy Kao, author of the report and a consultant in global corporate citizenship at The Conference Board. "Increasingly, companies believe that they will be evaluated not just on their own performance but on their ability to ensure that their suppliers also adhere to acceptable standards of corporate citizenship." For more information, visit: www.conference-board.org.

Posted in: Charity, Business