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This comprehensive website describes HP's global citizenship policies and programs, as well as our performance through the 2009 fiscal year (ended October 31, 2009). It is our primary communication to people who want in-depth information about our global citizenship efforts and progress. Our audience includes customers, industry analysts, socially responsible investors, nongovernmental organizations, employees and corporate responsibility specialists.
RT @gerryvz: If you didn't see it, HP published interactive 2010 Global Citizenship Report: http://bit.ly/iBnTkz
I believe that CSR information—information pertaining to all environmental, social, and governance (ESG) activities of a company—should not only be standardized and government mandated, but also independently reviewed and audited too—just like financial reports.
Mandatory CSR reports needed by investors and all stakeholders
It is by now an article of faith that employees who are skilled, creative and driven to satisfy customers are essential for differentiating a company from its competitors. Increasingly, success comes from being able to attract, motivate and retain a talented pool of workers. However, with a finite number of extraordinary employees to go around, the competition for them is fierce.1
There is growing evidence that a company”s corporate social responsibility activities comprise a legitimate, compelling and increasingly important way to attract and retain good employees.
From January 2006 to November 2008, Yahoo’s share price slid from $43.21 to $9.39.
Yahoo shareholders suffered an astounding loss of $47.5 billion in market cap value.
Was that the true cost of Yahoo’s mistaken China policy? We could quibble over a billion or even ten billion dollars.
But the fact remains that employees working at a company that has been publicly accused of being moral pygmies and acting as a police informant for a repressive Chinese government won’t be highly motivated. No matter how many free doughnuts you provide.
In a highly competitive environment such as the Internet market, a demoralized workforce will place any company at a serious disadvantage.
People spend much of their life at work and they will work that much harder at a company that is morally and ethically responsible.
Yahoo’s experience creates a great lesson for corporate leaders: Do the right thing - its good for your shareholders. And what’s good for your shareholders also happens to be your fiduciary duty.
For the first time, the European Commission has backed the business case for corporate social responsibility.
Corporate social responsibility (CSR) is fast becoming a buzzword in China's business circles, and yesterday, research financed by Oxfam, Hong Kong published a review of China's CSR practice entitled A Journey to Discover Values: Study of Sustainability Reporting in China.
As you might have heard the European Union launched the European Competitiveness Report last month. The great news is that this is the first time that the report includes a chapter on corporate social responsibility. This is worth talking about.
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