Social Responsibility


CoreValues

Why risk, compliance, and ESG principles matter now more than ever

2020-04-09T13:49:00+01:00By Michael Savicki, Compliance Week Guest Columnist

The current regulatory and risk climate puts companies in a unique position to showcase their GRC and ESG principles, positioning them to thrive in the long run.

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Coronavirus: The EPA’s greatest excuse, companies’ greatest test of ethics

2020-04-01T19:26:00+01:00By

As the Environmental Protection Agency abdicates its oversight responsibilities, pointing to the coronavirus pandemic, now is the time for true leaders to lead.

WiltedFlower

EPA scaling back enforcement amid coronavirus

2020-03-27T16:52:00+00:00By

The Environmental Protection Agency said it doesn’t expect to seek penalties for noncompliance with routine monitoring and reporting obligations during a temporary policy issued amid the coronavirus pandemic.

Pay cuts

Executive pay cuts a growing trend during coronavirus

2020-03-27T16:45:00+00:00By

Hundreds of companies around the world have announced drastic cuts to the salaries of their senior executives as one way to reduce the unprecedented financial blow caused by the coronavirus pandemic.

Help

Some good news: Ethical standouts during coronavirus crisis

2020-03-19T18:35:00+00:00By Compliance Week

Strong ethical voices are needed now more than ever, and fortunately many companies and individuals have stepped up to answer the call. We’ve rounded up dozens in an effort to shine a light on good being done.

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Elon Musk’s response disappointing amid coronavirus chaos

2020-03-18T17:09:00+00:00By

Tesla CEO Elon Musk believes coronavirus panic is more harmful than the virus itself, but he’s done little to provide help in any form despite having the platform to do so.

CorporateCharity

For some companies in the age of coronavirus, ethics pays

2020-03-17T20:58:00+00:00By

Despite slow governmental response to the coronavirus outbreak that is grinding the world economy to a halt, several businesses have decided it is worth going above and beyond to help customers and employees.

Coronavirus

Coronavirus: Tips for risk management

2020-03-13T14:01:00+00:00By

As the coronavirus worldwide pandemic spreads, the ramifications for any business has gone from temporary disruption to a serious impediment. Here are 10 steps your company can take to mitigate its risks.

Climate

FCA seeks comment on proposed climate-related disclosure requirements

2020-03-06T17:50:00+00:00By

The U.K. Financial Conduct Authority is asking for comment on newly published proposals outlining climate-related disclosure requirements for premium listed issuers.

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ESG at the vanguard of company objectives in 2020

2020-02-28T14:46:00+00:00By

According to the latest research, 2020 may be the year when corporations finally embrace environmental, social, and governance initiatives.

Climate

FRC to review how U.K. companies, auditors address climate change

2020-02-21T16:02:00+00:00By

The U.K. Financial Reporting Council announced it will begin reviewing the extent to which U.K. companies and auditors are responding to the impact of climate change to ensure reporting requirements are being met.

ESGReporting

Benefits of sustainability reporting: takeaways for accounting

2020-02-03T17:37:00+00:00By

A former FASB member and current board member at the Sustainability Accounting Standards Board offers tips to accountants facing a heightened investor interest in sustainability.

Emissions smoke

Kohler to pay ‘precedent-setting’ $20M over emissions violations

2020-01-31T22:15:00+00:00By

Kohler must pay a $20 million civil penalty in a settlement reached Thursday with the Department of Justice, Environmental Protection Agency, and state of California over alleged violations of the Clean Air Act and California law.

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NAVEX Global: Top 10 compliance trends for 2020

2020-01-17T19:20:00+00:00By

A recent Webinar, and complementary report, from NAVEX Global offers a look at the top 10 risk and compliance trends for 2020.

CSR

BlackRock: Climate change ‘defining factor’ in companies’ futures

2020-01-14T20:30:00+00:00By

Fund manager BlackRock announced several new initiatives with a focus on sustainable investing, including holding companies and boards more accountable where they are not making enough progress on sustainability-related disclosure.

ESG

Compliance playing an increasingly important role in ESG disclosure

2019-12-23T18:27:00+00:00By

Environmental, social, and governance disclosures are becoming common practice, but equally pressing is the regulatory compliance risk associated with non-disclosure or disclosures that are not accurate, truthful, or complete.

Orange

France Telecom execs jailed over workplace bullying

2019-12-20T18:36:00+00:00By

The ex-chief executive of France Telecom and two other former executives have been jailed for pursuing a cost-cutting policy that was so severe it led to a spate of employee suicides.

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Study: Board diversity, gender pay, political contributions top shareholder agendas

2019-12-18T20:51:00+00:00By

A Conference Board analysis of trends in shareholder voting and activism in Russell 3000 corporations demonstrates more shareholder savvy and creativity in pursuing social and environmental issues.

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White paper: Sustainability Disclosure Goes Mainstream

2019-12-06T08:35:00+00:00Provided by

Executives increasingly take stakeholder considerations into account when they make decisions, and directors have a fiduciary duty to understand the environmental and social impacts of the business and related implications to the company’s risk profile and strategy.

CSR

New benchmark report takes global look at CSR performance

2019-11-26T17:59:00+00:00By

A new benchmark report published by sustainability ratings provider EcoVadis provides a comprehensive analysis of the corporate social responsibility performance of more than 30,000 companies around the world.

Hotline

First-ever directory of companies’ anonymous reporting hotlines released

2019-10-18T17:32:00+01:00By

A newly published online directory offers employees of Fortune 500 companies 10 tips and other best practices for reporting sexual misconduct, ethical violations, and fraud.

CrackedSkinMan

Oxfam slams U.K. supermarkets over worker abuses in supply chains

2019-10-11T16:47:00+01:00By

In an effort to cut costs and raise revenue, U.K. supermarkets are endangering employees with such abuses as a lack of toilets, unsafe drinking water, and illnesses resulting from exposure to pesticides, says a new report from Oxfam.

Q&A

Hiring manager: CCOs are in demand, seeing salary bumps

2019-09-24T19:21:00+01:00By

A managing director at an executive search firm that specializes in compliance hires has some advice—and a bit of good news—if you’re looking for a job as a CCO.

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Kudos to Business Roundtable for advancing ‘purpose of a corporation’

2019-08-22T18:49:00+01:00By

While some mock the true intent of the Business Roundtable’s newly revised “Statement on the Purpose of a Corporation,” others are lauding the fact that it brings social responsibility into the limelight.

Hong Kong protest

Cathay Pacific execs quit due to Hong Kong protests

2019-08-20T15:19:00+01:00By

Amid pressure from Chinese authorities after initially not penalizing employees for taking part in the Hong Kong pro-democracy protests, two top Cathay Pacific executives have tendered their resignations.

Carnival

Still under probation, Carnival names chief ethics and compliance officer

2019-08-12T21:01:00+01:00By

Under probation for a history of environmental violations and ordered to restructure its compliance program, Carnival has appointed a new chief ethics and compliance officer as well as a vice president of corporate environmental compliance.

Warren

Warren, Dems seek mandatory climate disclosures

2019-07-10T18:53:00+01:00By

Senator Elizabeth Warren (D-Mass.) has reintroduced the Climate Risk Disclosure Act, legislation that would require public companies to disclose their exposure to climate-related risks.

Climaterisk

Study: Financial firms don’t know what they don’t know on climate risks

2019-07-03T17:31:00+01:00By

Financial institutions still struggle with how to manage risks posed by climate change, according to a new report.

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Why CEOs today must be change leaders for social issues

2019-06-28T18:00:00+01:00By

The Wayfair walkout represents just the latest high-profile example of how social and policy issues continue to spill into the corporate ethics and compliance realm.

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Reps continue push for big bank diversity data

2019-06-10T18:30:00+01:00By

Members of the House Financial Services Committee have sent letters to 37 bank holding companies requesting their diversity and inclusion data.

climatechange

Report says more companies address climate change, struggle with disclosures

2019-06-10T18:17:00+01:00By

A task force on climate-related financial disclosures found “encouraging progress” in its latest report, though there’s still work to be done when considering financial risks.

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ExxonMobil governance as toxic as carbon footprint

2019-06-03T14:17:00+01:00By

The fact that ExxonMobil continues to think only about its bottom line and is indifferent toward the devastating global consequences of its actions demonstrates a corporate culture with no moral compass.

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Environmental, social & governance demands take center stage

2019-05-16T15:47:00+01:00Provided by

Over the last several years, an increasing number of institutional investors, ratings agencies, and other stakeholders have turned up the heat on companies to disclose their environmental, social, and governance (ESG) initiatives.