Components of a Socially Responsible Company

Basic Components of a Socially Responsible Company by Conrad MacKerron

Our Mission
Use the power of financial markets to promote positive change in corporate social and environmental policies

Shareholder Advocacy – Mobilizing Financial Markets for Social Change
Corporate Engagement
Shareholder Proposals
Proxy Voting

Blue Chip Engagement
More than 50 corporate engagements moving companies towards greater environmental sustainability and social equity.

Traditional Measures of Corporate Responsibility
Quality of management
Compliance with laws
Honest accounting
Financial soundness
Product quality

Two Critical Omissions
Environmental Stewardship
Human Capital

Key Components of Environmental Stewardship
Policies and practices to promote:
Materials Efficiency
Reduced Toxics
Reduced Waste
Extended Producer Responsibility

Key Components of Human Capital
Policies and practices to deter
Labor Rights
Forced Labor
Child Labor
Slave Labor

Apple’s Commitment to As You Sow

Best Buy’s Commitment to As You Sow The largest U.S. electronics retailer began to offer electronic waste recycling at all of its 1000+ stores in February They expect to collect 50 million pounds of electronics in 2009

Bottle and Can Recycling
Coca-Cola agreed to recycle 50% of bottles and cans sold by 2015
Nestle Waters agreed to recycle 60% of plastic bottles sold by 2018

CFLs and Mercury
In dialogue with GE, Home Depot, Lowe’s and Wal-Mart to encourage:
-No worker exposure to mercury at factory level
-Labeling on mercury content
-Labeling on safe cleanup procedures if bulbs break

text to come

Uzbek cotton
Every fall, over 1 million Uzbek children are taken out of the classroom and into the fields—by government mandate— to pick cotton.
Wal-Mart called for a boycott on Uzbek cotton; Target, Gap Inc., Levi’s & Co., Marks & Spencer, and Tesco have all made public statements and taken steps internally to eliminate Uzbek cotton from their supply chains.

Extractives
ditto

Pros / Cons of Action
Build brand value
Cost of changing systems

Key Take Aways
Account for environmental impact of all phases of product life cycle

Key Take Aways
Develop and implement Code of Conduct to ensure worker’s labor rights

Resources
Leadership/Company Actions
Social and Environmental Policy Consulting
Code of Conduct for Uzbekistan For all C&A suppliers the C&A Code of Conduct is binding. It strictly states that child labour is unacceptable for C&A. Already in December 2007 C&A obliged all of its global suppliers in written form not to use cotton fibre from Uzbekistan in the manufacturing of C&A products. Furthermore, C&A has requested all suppliers worldwide to clearly state the origin for cotton fibre which is used within any C&A merchandise.

Components of a Socially Responsible Company

by As You Sow on Jul 23, 2009

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Components of a Socially Responsible Company — Presentation Transcript

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