CSR

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CSR

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CSR

  1. 1. Agenda Corporate Social Responsibility Why did we conduct the survey? Results of the research Third Annual Survey of CSR reporting practices of Survey results of Leading Croatian Companies Corporate Governance Environmental Policy Social Policy Comparison to CEE countries Conclusions March 7th, 2006 Zagreb School of Economics and Management CSR – best practices Slide 2 Slide 1 Andrijana Mušura CSR, Mušura Why did we conduct the survey? Sample and methodology Determine if companies provide N = 43 companies 43 appropriate information about their Content analysis of companies’ corporate responsibility activities Websites and Annual reports Track improvement since 2004 and 2005 3 categories of CSR reporting: Compare to countries in EU Corporate governance Identify leading companies in terms of “best practices” Environmental policy Promote good “CSR” Social policy Slide 3 Slide 4 CSR, Mušura CSR, Mušura Overall available data Governance structure: Mgt, supervisory board, ownership 93% ZABA 92% Compliance 91% Podravka with a Corporate Audit information Pliva Governance PBZ 51% Code INA HT Corporate HEP 44% Governance 42% 16% Reporting 2005/06 15% 2004/05 2003/04 Internal Code Shareholder Annual Website of Business Conduct Special CSR rights policy Report report or Code of Ethics Slide 5 Slide 6 CSR, Mušura CSR, Mušura 1
  2. 2. Corporate Governance reporting Corporate Governance reporting Annual Reports Websites Websites Corpora te gove rnance re porting Corporate governance reporting ANNUAL REPORTS WEBSITES 49% 49% 44% 42% 47% 53% 44% 40% 37% 16% 2% 16% 16% 4% 19% 7% 0% 2% 6% AR '05 W '06 5% 2% 2% 2% 7% AR '04 W '05 Internal C.Ethics W '04 Details-CG Audit inf. Shareholder AR '03 De ta ils-CG Audit inf. Sha re holde r Inte rnal rights rights C.Ethics Slide 7 Slide 8 CSR, Mušura CSR, Mušura Environmental reporting Compliance with Annual Reports Department or environmental executive in charge of standards (national or Environmental reporting environmental policy ANNUAL REPORTS international) international) 23% 16% Environmental 13% Policy 2% 2% 9% 0% 6% 4% Water and 4% 0 Environmental 5% 5% 2% AR '05 0 energy use performance AR '04 Com pliance Nam es of Energy and Environ. Integrating AR '03 w ith ind/dpt. w ater use perform ance, environ. regulations responsible efficient use aspects into regarding for environ. of resources, its supply Environmental environ. m ngm nt and em issions chain m ngm nt standards com pliance and w aste policy considerations in supply-chain supply- management Slide 9 Slide 10 CSR, Mušura CSR, Mušura Environmental reporting Compliance with Websites social regulations (national or internat.) internat.) Environmental reporting WEBSITES 37% Community patronage/sponsorship 25% 19% 19% programs 26% 16% 14% 17% 13% 13% 12% W '06 Social Policy 6% W '05 2% 2% 0 W '04 Health and Com pliance Nam es of Energy and Environ. Integrating Employment w ith ind/dpt. w ater use perform ance, environ. safety policy policy regulations responsible efficient use aspects into regarding for environ. of resources, its supply Employee development or environ. m ngm nt and em issions chain m ngm nt standards com pliance and w aste policy employee benefits policies Slide 11 Slide 12 CSR, Mušura CSR, Mušura 2
  3. 3. Social reporting Social reporting Annual Reports Websites Social reporting Social reporting WEBSITES ANNUAL REPORTS 63% 37% 33% 40% 26% 19% 38% 21% 16% 16% 21% 29% 27% 19% 2% 5% 4% 14% 8% 14% 2% 10% 6% 16% 16% 9% 5% 0% W AR 7% 5% W '06 AR '05 Employ. policy W '05 Compliance Sponsorship Employee Health and Health and Employ. policy AR '04 Com pliance Sponsors hip Em ployee '04 regulations programs devel/benefits safety policy '03 regulations programs devel/benefits safety policy Hrights Hrights Slide 13 Slide 14 CSR, Mušura CSR, Mušura Comparison of Croatia to some EU Countries Average CSR reporting Ov erall CSR Reporting ANNUAL REPORTS 2004-2006 50% Croatia HR 23,3% Czech Republic CZ 21,40% 17,9% 8,8% 16,7% 10,83% Estonia EE 5,4% 2006 13,49% 4,2% 2005 Hungary HU 0% 2004 corporate environmental social policy governance policy Lithuania LT diclosure Latvia LV Ove rall CSR Re porting WEBSITE 50% 2004-2006 Poland PL 28,37% Slovakia SL 20,9% 17,2% 22,50% Slovenia SI 14,2% 14,6% 13,0% 2006 Romania RO 8,84% 8,4% 2005 0% 2004 Bulgaria BG corporate environmenta social policy governance l policy diclosure Slide 15 Slide 16 CSR, Mušura CSR, Mušura Conclusions Comparison of Croatia to some EU Countries Corporate Structure Compliance with Env ironmental Reporting - Annual Report Standards - We bsite Overall data shows positive trend in all 10 10 8 9 10 categories of CSR reporting 49% 10 6 10 10 7 7 9 8 37% 5 5 5 8 4 5 8 7 8 9 42% 98 25% 4 8 7 8 9 75 Level of reporting still low 54 6 7 6 5 6 3 40% 7 26% 3 7 4 6 3 3 3 4 6 Dec 2006 4 Dec 2006 3 4 4 2 6 3 2 3 Dec 2005 Dec 2005 3 5 3 2 32 5 3 3 Dec 2004 3 Dec 2004 3 0 0 2 Better reporting on Websites, especially 1 Sep 2006 2 3 Sep 2006 CZ EE CZ EE 1 Sep 2005 1 Sep 2005 HU LT HU LT Aug 2004 Aug 2004 LV PL LV PL SI SK SI SK Aug 2003 Aug 2003 RO BG RO BG encouraging on Social policy HR HR Sponsorship programs Annual Re port In comparison to EU countries in the region, reporting practice is “not bad”, but still 10 7 behind reporting practices of companies in 9 3 5 7 5 more advance CEE countries 33% 6 2 6 8 87 3 5 21% 5 1 4 3 6 4 14% Dec 2006 21 6 Dec 2005 1 32 1 2 2 Dec 2004 1 0 0 3 1 2 Sep 2006 1 CZ EE 0 1 Sep 2005 0 HU LT Aug 2004 LV PL SI SK Aug 2003 RO BG HR Slide 17 Slide 18 CSR, Mušura CSR, Mušura 3
  4. 4. quot;CSR is about business giving back to STUDENTS – THANK YOU! societyquot; Cerovsky Iva Grabovac Milan Haddad Nouras Hustić Natko Jukić Ivo Kvakić Iva Nosić Drago Šantek Ivan Tomino Bruna Student coordinators: Apfenthaler Edda Augustinović Anto Babić Ana Slide 19 Slide 20 CSR, Mušura CSR, Mušura Thank You! You! Leslie Matthews Šulenta leslie.sulenta@consulting-mps.com Andrijana Mušura andrijana.musura@zsem.hr Mirna Koričan mirna.korican@zsem.hr *database and other presentations will be available on www.zsem.hr under the link Projects Slide 21 CSR, Mušura 4

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