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The understanding of CER cannot be separated from CSR—both are interconnected and based on environmental protection. There are three major areas related to these two concepts—economic, environmental and social. CER is focused more on economic and environmental while CSR relates to social and environmental aspects.
The new CSR legislation under section 135 of the Companies Act 2013 requires companies of a certain size to spend 2% of their net profit [8] on activities as prescribed under schedule VII, which are primarily aimed at community development. The canvas of CSR remains narrow and de-linked from the core-business activities of a company.
ISO 26000 offers guidance on socially responsible behavior and possible actions. There are three ways in which it is different from the more widespread standards designed for companies to use to meet particular requirements for activities such as manufacturing, managing, accounting and reporting:
For instance, gender diversity improved CSR, decreased corporate social irresponsibility, and as a result, improved business performance. The size of a company's board and management experience were strongly correlated with its financial performance. [ 47 ]
9. Ecuador. I love visiting the Galápagos Islands. Latifah Al-Hazza. Ecuador has a beautiful mix of city and nature. Many travel to the country to summit Cotopaxi, but I've been twice because I'm ...
2. Parent. This is the most common style, with almost half (49.5%) of us fitting into the dog parent category. If you’re here, you probably have a human-like bond with your canine, while you ...
[7] [8] Commercial frameworks have been developed for sustainability reporting and are issuing standards or similar initiatives to guide companies in this exercise. There is a wide range of terminology used to qualify this same concept of sustainability reporting: ESG reporting, non-financial reporting, extra-financial reporting, social ...
From January 2008 to April 2008, if you bought shares in companies when James Howard joined the board, and sold them when he left, you would have a -1.7 percent return on your investment, compared to a -4.9 percent return from the S&P 500.