Corporate Welfare Leaning On Government Handouts Is Public Social Responsibility
Corporate Social responsibility is a relatively new standard used by companies to determine their contribution to society by recycling part of the profits back into the culture and system. The benchmarks are now being further enhanced by the Non-Financial Integrated Reporting, where CSR plays a significant role.
CSR in Reverse
There are many frameworks, measures, and benchmarks that measure the Best and the Top Corporate Citizens performing CSR or ESG; however none include the corporate support received from the community or nation as one of their measures.
This key performance measure is missing in the vast majority of company CSR reports - the amount of corporate support received by a business in forms of various subsidies, handouts, ancillary services provided by the city or free workers to name a few.
According to the Copenhagen Compliance CSR Benchmark, which will be revealed during The Bhutan CSR Conference during 1-3 October 2014, Corporations must also discover how much money they were given by the society as part of the whole CSR benchmark equation.
Part of the conference is dedicated to the study of how ethics can add value and promote your compliance programmes as well as reduce your regulatory and reputational risk.
Some of the questions that will be discussed during the global event of the year are:
- What is the business case when global corporations should be ethical?
- What are the leading global Compliance components on business ethics?
- Where should a company develop the ethics journey? Is it determining the Codes? Is it the leadership detail with senior level buy-in?
- Or is it simply engaging individuals and gaining CSR commitment?
Reserve your seat and Register to the conference for an exciting CSR event on top of the world.
