Corporate social responsibility programs can be an effective way to achieve numerous environmental, social, and economic goals within a corporation. But with so many approaches to CSR available, executives championing sustainability often don’t know which one to choose.

A recent report by the Ethical Corporation Institute, a think-tank based in London, attempted to shed some light on the issue. The ECI studied 31 different global “initiatives”—which generally include multiple companies attempting to improve an industry overall—and lessons learned from 19 corporations involved in the efforts.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...