"The Role of the Board of Directors in Corporate Social Responsibility" By the Conference Board of Canada
This report examines corporate social responsibility and ways in which a board of directors can provide oversight and strategic direction on the firm's social and environmental performance. Furthermore, this report looks at how good corporate governance will be redefined over this decade to include ways in which a board provides oversight and strategic direction on the firm's social and environmental performance. Key issues include the critical role of the firm's CEO and chair and their influence on the board's uptake of corporate social responsibility (CSR). As well, the integration of CSR into the firm's performance management system and strategic planning (both of which come under the influence of the board of directors) will have a profound effect on CSR performance in the years ahead.
OECD Guidelines for Multinational Enterprises
The Organization for Economic Co-operation and Development's Guidelines for Multinational Enterprises are voluntary principles which are not intended to supersede or replace the laws of the home or host country, but which the governments of OECD member states are expected to promote among multinational corporations based in their country. They cover ethical issues such as employment and industrial relations, human rights, environment, information disclosure, anti-bribery measures, consumer interests, science and technology, competition, and taxation.
UNEP Finance Initiative Principles of Responsible Investment
The United Nations Environment Programme (UNEP) Finance Initiative is a partnership between UNEP and over 160 financial institutions around the world. The Principles of Responsible Investing are intended to serve as a framework for the global investment community to use in integrating ESG issues in their decision-making and ownership practices.
The Equator Principles were published in 2003, and prepared by private sector banks, based on the environmental standards of the World Bank and the social policies of the International Finance Corporation. The Principles are intended to guide financial institutions in project financing decisions. Financial institutions that adopt the Equator Principles undertake not to finance projects with capital costs exceeding US$10 million that do not comply with the Principles.The Principles are largely process- and action-based.
Architecture 2030, a non-profit, non-partisan and independent organization, was established in response to the climate change crisis by architect Edward Mazria in 2002. 2030’s mission is to rapidly transform the U.S. and global Building Sector from the major contributor of greenhouse gas emissions to a central part of the solution to the climate change, energy consumption, and economic crises. Our goal is straightforward: to achieve a dramatic reduction in the climate-change-causing greenhouse gas (GHG) emissions of the Building Sector by changing the way buildings and developments are planned, designed and constructed.