| CSR: Greenwash or Here To Stay? |
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| Saturday, 26 September 2009 | |
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A recent piece of research, conducted by the Boston College Center for Corporate Citizenship, indicates that corporate social responsibility is not a fad. According to its biennial State of Corporate Citizenship survey, conducted among 800 senior executives, shows that the recession has deepened the integration corporate citizenship into the core of business strategy and operation. The State of Corporate Citizenship in the United States 2009, funded by a grant from the Hitachi Foundation, is the 4th biannual survey of Senior Executives conducted by the Center for Corporate Citizenship executives leaders, and is the only research of its kind to provide a comprehensive overview of executives of small, medium, and large-sized U.S. businesses perceptions and actions on corporate citizenship. Highlights of the survey, include:
While corporate citizenship is clearly gaining traction as a business imperative, the 2009 survey points to new challenges particularly as business seeks to rebuild public trust through self regulation and engage in public policy making. The current crisis has expanded the “lens” by which the public judge companies corporate citizenship performance. With critical failures in corporate governance and management accountability in the financial sector the spotlight is once again focused on central pillar of Corporate Citizenship, governance, and the responsibility of corporate directors and senior management to ensure accountability of the firm to both its shareholders and society. It brings back into focus that corporate citizenship is, in the end, about the total impact of the company on society and not simply a set of corporate citizenship programs be they community involvement programs or green products and services. Going forward, companies will need to ensure they have embedded corporate citizenship principles and policies across all domains of the firm from governance, to operations to products and services if they are to be viewed as credible when they talk about self regulation and participation in public policy making on critical social and environmental issues. To view the findings, click here . |