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14 Cards in this Set
- Front
- Back
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Business for Social Responsibility principles
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SHEER
Sustain environment Human rights Employees should be treated fairly Ethical behaviour Responsible neighbour in community |
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OECD on CSR – policies
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ALPHHAS
Avoid improper interference in local politics Local business development Promote good CG Human rights Human capital contributions Adhere to local laws Sustainability |
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OECD on employment
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HUNNT
Health & Safety Use local labour No discrimination No child labour Trade unions |
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OECD on environment
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TELIC
Targets Engage communities Long term Information of effects Contingency plans |
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Reasons to report voluntarily
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CAPRICE
Concern is genuine re need to because scarce resources (Cadbury) Advertising/PR/marketing – cheaper version Pressure – various sources / also attract employees (Merck) Reputation/improve it (Railtrack) Investment – attact/maintain/I/I’s need info Commercial / cut costs (M&S and GSK) Ethical (build trust) |
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Reasons not to report voluntarily
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BRIER
Burdensome Reputation risk – include ‘good news’ only Insufficiently aware Expensive Reluctance if not legal requirement/sensitive info |
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NAPF reasons ESG important
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LAR
Long term financial performance benefits Align interest Risk management |
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ABI Guidelines on Responsible Investment Disclosures
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FERN
Forward-looking ESG risks in context of strategy and how mitigated Remuneration – consider risk Narrative |
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UNPRI
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ASPIRE
ESG analysis Active investors Seek disclosures Promote UNPRI Improve effectiveness of implementation Report on progress |
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SRI strategy
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EIS strategy
Engagement Investment preference Screening |
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CSR policy implementation
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DEBTIICM
Decide policy/values/code of ethics Execute gap analysis Board champion Target Implement targets and policy Identify key stakeholders to influence Communication the targets Monitor |
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Companies under closest scrutiny/most to gain
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DEDED
Domination market position Essential productions Direct consumer contact Exploit natural resources Depend on supply chains in developing countries |
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GRI indicators
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HEELLPSS
Human rights Economic Environmental Legacy Labour practices Product responsibility Society Sourcing |
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ISO26000 social responsibility core subjects
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FILCHED
Fair operating practices Involvement of community Labour practices Community issues Human rights Environment Development |
