Why We Love Corporate Social Responsibility in Supplier Management
Corporate social responsibility (CSR) is defined in the online business dictionary as “a company’s sense of responsibility towards the community and environment in which it operates” but can be more simply defined as “people, planet, and profit”.
Black carbon a new sustainability concern
A new study of black carbon revealed that pollution such as soot has a significant impact on the environment, and there are some who believe it contributes to climate change.
Carbon emissions hit record high sustainability in prequalification
The National Oceanic and Atmospheric Administration (NOAA) recently released data indicating that 2012 was the warmest year on record for the contiguous United States, and came in second for years with severe weather.
ESG issues becoming more important
Drawn to sustainability measures for their cost-saving potential and appeal to consumers, more companies are employing green energy strategies and are working to ensure contractors throughout their supply chains use environmentally friendly strategies.
EPA enforcement leads to fines for noncompliant businesses
Due to government regulations and company-specific corporate social responsibility policies, sustainability is becoming more important for many businesses.
Apple manufacturer Foxconn may be in violation of health and safety regulations
After a string of suicides and protests at its Foxconn factory in China, technology giant Apple voiced its commitment to corporate social responsibility and a determination to rid its supply chain of unethical or dangerous practices.
UN regulations may change sustainability requirements
The United Nations Environment Program (UNEP) has developed a new council that will serve to guide the international community in developing environmental goals and creating more sustainability measures.
New research reveals corporate social responsibility essential for businesses
Recent survey results from investor relations firm Adam Friedman Associates revealed corporate social responsibility is closely linked to how a company operates, does business, and preserves its bottom line.
Survey reveals sustainability a concern for businesses
The BSR State of Sustainable Business Poll 2012 revealed that companies are attempting to do much more to ensure they, their suppliers, and their contractors are compliant with both government regulations and company-wide sustainability initiatives.
Corporate social responsibility is essential in procurement
Corporate social responsibility, or abiding by regulatory and ethical standards, is quickly becoming essential for many companies.
The importance of corporate social responsibility
Many companies are concerned about their corporate social responsibility, or ensuring that the areas they invest and do business in benefit from their presence.
Electronics contractors come under fire
Using hundreds, if not thousands, of contractors can quickly become a risky situation for the companies' profits and public image if they do not enact systems for ensuring the external business partners are complying with labor laws and company values
Corporate social responsibility is everyone's business
In recent years, the balance of power has shifted from companies to consumers, and more people are demanding products that meet their needs without causing social or environmental harm.
Recent fire highlights need for safety compliance
A fire at a factory in Bangladesh that recently killed more than 100 workers has brought attention to safety concerns throughout supply chains and what actions are being taken to promote corporate social responsibility.
Samsung aims for supplier compliance
Technology giant Samsung recently conducted an audit of its suppliers and manufacturers after allegations of child labor in the company's supply chain in China arose.