Posts Tagged 'CSR'

CSR course to be made compulsory for undergraduates

CSR Course Compulsory Adelaide

Should CSR training be mandatory for all business students?

It seems that if we are to have corporate citizenry at all levels of business, this needs to be the case. Currently most CSR managers are internal hires, coming either from ‘corporate communications’ departments or technical backgrounds. It’s much harder to find specialists who have the training to execute the concept of ‘doing well by doing good’.

However, most universities have been slow to offer students the option to learn about  CSR, let alone making it a core component of business degrees.

The University of Adelaide has recognised the need to incorporate CSR into their business curriculum. Their ‘Corporate Responsibility in Global Business’ course started out as a Masters elective, but in 2010 will become a compulsory subject for Bachelor of Commerce students in their final year.

The man behind the course is Jim Redden, whose previous work on the Australian Government’s  WTO Advisory Committee, with mining companies and expertise in developmental economics are evident from the course content. He started out with aid organisations such as Oxfam, and is now conducting research and teaching for the Institute for International Trade (University of Adelaide).

So what’s actually in this course?

Key topics include: risk management, triple bottom line reporting, transparency, corporate governance, poverty and development issues, corporations and trade rules and environmental issues.

The approach is firmly grounded in practical management. Generally for students, environmental issues are the most accessible, as well as being the main issue faced by CSR managers in Australia. But they are challenged to think of strategies for real world situations across all topics.

In order to achieve this, industry involvement is vital. Admittably Adelaide, one of Australia’s smaller state capitals, has fewer internal CSR practitioners than its compatriots in the Eastern states. However, Jim has been able to bring in a variety of speakers to challenge his students to think about the issues they will face in the industry.

Past speakers have come from banks, mining companies, unions, NGOs, the Department of Consumer Affairs and Transparency International. The most controversial? A discussion of whether an arms retailer can ever operate ethically, and how that might be achieved.

The course aims to allow students to make up their own minds about the degree to which the behaviour of contemporary global corporations is ethical and responsible. Students are equipped with the practical tools to deal with the real and complex issues of poverty, conflict, environmental disasters and corruption – so that they can choose to make a difference as future managers.

Practical analysis also extends beyond lectures; the major project for the course is a research report where students must analyse and critique a company’s corporate responsibility efforts.

You might be wondering how a course like this is assessed – when so many CSR professionals debate the scope of the practice, how do you ensure that students fully understand the field?

Apart from the report already mentioned, students are required to write answers to short one page case-studies on global corporations for most tutorials and sit an exam (60% of the final grade). The exam covers key defining concepts (what is CSR, reporting standards, technical terms, international bodies etc.), requires analysis of a case study and argumentative essays (eg. ‘Should codes of conduct for global corporations be voluntary or compulsory by law?’).

Of course, CSR is a broad subject that is difficult to compress into a 12 week course. Jim stresses that it is primarily meant to provide a foundation for students, provoking them to think about the key issues, learn about management options and sort the corporate responsibility from the PR stunts.

What else would we like to see in there? I could see some scope for emphasising the importance of internal CSR training, using community investment for effective marketing, and giving some directions on SRI. But as a start it’s good to see social responsibility being pushed as a topic that all managers need to be aware of and not just a one-person role description.

What do you think about the course?

[For more info about the course or to talk to Jim, contact the Institute for International Trade on +61 (08) 8303 – 6900 or the School of Business at the University of Adelaide.]

The course aims to allow students to make up their own minds about the degree to which the behaviour of contemporary global corporations is ethical and responsible. The emphasis is more on giving students the practical tools to deal with the very real and complex issues of poverty, conflict, environmental disasters and corruption – so that they can choose to make a difference in their future jobs.

Twittering Responsible Business Summit: Part 1

Tweeting RBS09

Earlier this month I had the pleasure of Twittering The Responsible Business Summit Live from London, here is Part 1 of “The Journey of Hastag #RBS09″

First few tweets (Tuesday 5th May) were about how excited everyone was at the tweeting that was going to happen at the Responsible Business Summit and the introduction of the #rbs09 hashtag, from @Ethical_Corp, @davidcoethica, @mrochte and myself.

A bit of real information then started coming through with a link to @Ethical_Corp founder Toby Webb’s post ranking the sessions at the conference by number of registered attendees (in case you were wondering, Embedding CR in your Company and Supply Chain Management came out tops).

Then came questions from both me and @davidcoethica to our followers, wondering if anyone else was going to be at the summit. I don’t know about David but I didn’t get any responses.

At the same time @Ethical_Corp used the attendance of CEOs of Timberland, IKEA and the Chairman of Shell to gain further interest. Which proved to be successful as it was retweeted by Chris Jarvis @RealizedWorth and @SteelyGreen.

Word also seemed to getting out of the hashtag-o-sphere with @robarj (Ryan Jones, Global Brand Manager at P&G) tweeting about the conference and Mario Vellandi @mvellandi retweeting it adding #rbs09.

 A day before the conference @davidcoethica sent out a list of sessions happening during the conference and asked the community if anyone had any questions, immediately retweeted and replied to by @RealizedWorth who was interested in employee engagement (I am guessing because Chris’s profession is creating great employee volunteering programs).

In the same day, the first exhibitor came online, Charles Bosher @cbosher, Corporate Membership Manager at the NCVO, tweeted being ‘weirdly looking forward’ to the conference.

The claim to 1st Tweet on conference day went to neither me nor David with Martin Smith @Martin_CSR, CEO of JustMeans, claiming the prize.

But what definitely kicked off the questions was @davidcoethica tweeting that he had just arrived at the conference and was taking questions. Retweeted by Ginee @loopyginee.

@SSRIMikeTyrrel How do co’s plan to communicate sust. Perf. To investors now that banks thar organised meets for them are closed?

@RODIEN When will a treaty be signed by the worlds (business) leaders that CSR in EVERY company is mandatory?!

@MsNotMr I’m curious about Green & Blacks and what they are doing to promote responsibility in their industry

@Martin_CSR You should ask the opening panel how they plan to use social media to better engage stakeholders

@Martin_CSR also took the opportunity to tweet about a new podcast about Timberland’s Sustainability strategy just before their CEO’s keynote, fantastic timing. This was immediately followed by the JustMeans crew jumping on with a few retweets of @Martin_CSR from co-founder @KevinEdwardLong and the official @justmeans_CSR account.

Words of encouragement came through too

@fair_ruth Hope #rbs09 goes well, would be interested to hear more

Then the summit kicked off.

(Look out for Part 2 later this week)

What Do You Do? : Sustainable Development at a Czech Bank

This week Evolving Choice had the pleasure of interviewing the Head Specialist in a leading Czech Bank’s Sustainable Development Team. Sustainability is still a very new concept in the country and J makes it sound really exciting but challenging to start a Sustainability agenda and offers advice for other professionals who might be facing the same issues.

 

Woman Giving a Presentation1) Tell us what you do in your role as Head Quality Specialist in Sustainable Development?

My main role is to participate in the implementation and realization of the sustainable development concept in (bank). It means to define the strategy and to take steps to support the concept in line with the strategy (e.g. to propose changes, to look for process improvements, to propose new procedures to be more environmentally friendly). And especially to change the perception, thinking, and behaviour of the people inside the bank and to convince them that it is important that they themselves begin to behave in line with this philosophy.

 

2) How does one become a Head Specialist in Sustainable Development? What is the path you took?

I can say for me it happened  by chance. Because I studied quality management system at university, I dealt with implementation and audit of ISO standards for almost three years. The need to do something else – more active job led me to (bank) to a position of an internal auditor. Due to possibility to work in Quality Department, that it discovered more than one year ago, I got the opportunity to be at the launching of sustainable development concept implementation in (bank).

 

3) What skills do you need to have in order to succeed in this kind of role?

At first, you must be keen on this issue and be certain of this issue importance. An initiative, proactive and creative approach is the touchstone.  You have to still try to find more and more new information on this topic and then use them for solution proposals. Good communication, presentation and debate skills are necessary for efficient promotion of this issue and its successful implementation. The knowledge of company environment is relevant too.

 

Environment in Your Hands4) What advice would you give to someone who wants to enter this field?

Do not give up, when the reaction to realised measures is not optimistic. Many people consider it only like a shortime “fashion” issue. Before starting you have to persuade company management about sustainable development importance and they have to support you. Then gradually implement sustainable development concepts into company politics, focus on clear communication leading to increase of employees awareness. Try to involve employees in working out actions.

 

Thank you so much J for giving our readers an insight into the challenges facing Sustainable Development Specialists in the Czech Republic on a Daily basis. 

 

If anyone out there has any more specific questions for J, please comment here and Evolving Choice will publish her responses in a follow-up post.

Early Days in Czech CSR: An Interview

 

Bruce Gahir

Bruce Gahir

Bruce Gahir, the founder of the CSR Working Group at the British Chamber in Prague, fits the profile of a CSR practitioner to a T. Then of course, there is no typical CSR practitioner.

Bruce was first trained in Mathematics & Physics before specialising and graduating with a MSc in Theoretical Physics from Birkbeck College of the University of London. Of course, Bruce saw the need for a balanced perspective early and also graduated with a BA in Philosophy before flirting with the City as a Financial Analyst at HSBC for 4 years.

He now lives in Prague and lectures at MBA and Bachelor Programs while running his own ethics training firm, Ethics2Biz.

EvolvingChoice had the pleasure of a brief interview with Bruce.

Bruce, you are currently developing a CSR Portal for the British Chamber, isn’t this in a way competing with CSR-Online.cz, a portal created by the Business Leaders Forum?

Well, CSR is the Czech Republic has often taken the form of different people doing their own thing. It would be great if we just had one resource area. We did try to propose a co-developed Portal with the Business Leaders Forum but there was very little reciprocal interest. So its not competition, is just that things are not very well coordinated at this time.

What has been the role of the British Chamber with Czech CSR? I know that in Singapore, for example, they are very active in promoting the CSR debate.

In the past, one of they key elements driving the British Chamber’s CSR initiatives have been their communication of CSR issues, through their website, through seminars and through their FOCUS magazine.

Going forward, we are moving towards offering more seminars and training. We will also expand our outreach to get more people involved. The British Chamber is not alone though with the American and Dutch Chambers very active in the discussion as well.

What do you think needs to be addressed in the short term if CSR is to move forward in the Czech Republic?

Discussions into CSR in the country are often just that, discussion. Discussion that is not very concrete and is often repetitive. Like the recent article in the Czech Business Weekly published by a Big 4 Consultant, there was nothing “New” regarding CSR there, it was just repetition of globally known CSR mantras.

We need more implementation, active follow up and feedback. We also need conferences to present and discuss CSR results in an ongoing way as currently, events are often one off.

I am optimistic though as we are starting a seminar/ working group with the University of Northern Virginia to bring together academics and members of the business community, Ernst & Young and Vodafone for example, to discuss their findings/results.

Recently you were part of a project to translate the GRI into Czech, has the translation had much interest since it was launched?

Global Reporting Initiative (GRI)The translation was only completed a month ago, and unfortunately there has been no expressed interest in it in that short period of time. Today, only Czech Coal has been using some of the GRI’s reporting frameworks but they were using this before the translation.

The next stage of the translated GRI’s launch will involve an event where we will provide interested companies with a US-based training partner and target Small-Medium Enterprises, as larger multinationals often have their CSR policies dictated by their global head office.

Thank you so much for your time Bruce, it definitely has been tremendously insightful. We wish the development of Czech CSR all the best!

Previous Interview with the Business Leaders Forum: “State of Czech CSR”EvolvingChoice

This Interview was also published on APEsphere

Vodafone is Benchmark for Czech CSR: Katz Research

Professor John Camillus of the University of Pittsburgh’s Katz Graduate School of Business is currently engaged in a study in the Czech Republic which hopes to prove that ”corporate humanity and social responsibility in business is absolutely essential for the economic success of companies”.

In an interview with Czech newspaper Hospodářské noviny, he highlights Vodafone, alongside EMCO, as companies which are benchmarks for CSR in the Czech Republic.  

John Camillus, Professor at the University of Pittsburgh's Katz Business School

John Camillus, Professor at the University of Pittsburgh's Katz Business School

Excerpt of the Interview:

At this moment, you are in the middle of collecting data for your case study and have come into contact with many Czech companies. What is your opinion of Czech managers? Is their policy humane and socially responsible vis-à-vis customers? How would you assess their strategies towards employees?

The University of Pittsburgh has been operating in the Czech Republic for almost twenty years. It also cooperates closely with the U.S. Business School Prague. Thanks to this fact, we are able to find many excellently managed Czech companies here, which may serve as prime examples of the approach we study.

The two Czech companies we are focusing on in the first stage of the case processing are EMCO and Vodafone. These are two brilliantly managed Czech companies, which may serve as global benchmark for economically successful and human-oriented companies. Both have solid values which are incorporated in their business decisions, both are very attentive to the wellbeing of their employees and customers, both use innovative and diverse approaches in management and the managements and employees of both companies are proud to be a part thereof. This has a positive effect on the benefit their companies generate. In the case studies, we will describe in detail their philosophy, management procedures and decision-making processes.

 

 

TOP Corporate Philanthropy Award?: Czech Donors Forum

In November 2008, the Czech Donors Forum (Fórum dárců), a proponent of Corporate Giving as CSR, recognised ‘socially responsible companies’ in the 5th TOP Corporate Philanthropy Awards.

Coming in 1st place in the Quantitative category, i.e. the firm that ‘distributed the highest volume of resources’, is the state-controlled electricity company CEZ.

(Its worth noting that CEZ, which is in a monopolistic position, has in the past been accused of Manipulating Energy Prices to Inflate Profits: Article at Czech Business Weekly

Other firms that received recognition include Skoda, Ceska Sporitelna and Microsoft.

czech donors forum awards 2008

Press Release: Czech Donors Forum

Also at: CSR360, The Prague Post

State of Czech CSR: An Interview with Business Leaders Forum

How are companies taking to CSR in the Czech Republic? 

What does the future hold for CSR in this Central European economy?

We ask Tomas Nejedlo, Executive Director of the Business Leaders Forum, a champion of CSR in Prague.

 

 

Tomas, what is the Business Leaders Forum’s mission?

When we first started out, our broad mission was to promote ethical business, when activities of the like were termed ‘corporate citizenship’.

Now after being established for a while, our specific mission is to bring Czech business leaders together to share their experiences and knowledge with each in the field that is now called Corporate Social Responsibility.

 

That’s great, but what specific activities does BLF engage in?

A key, long-standing program we are particularly proud of is our ‘Manager Shadowing Program‘ where we connect talent from universities with managers in business.

With universities, we also offer their faculty guidance in and encourage them to communicate and offer their services to businesses.

Education is also a focus of our activities, towards this we have produced a variety of booklets, conferences and even a dedicated website at CSR-Online.cz which publishes both theory, real-life practical applications and a diary of relevant activities.

To recognise leaders in the field, we administer a health, safety and environment award and nominate outstanding business projects to the European Commission for a European award.

Finally, to provide a globally accepted framework of measurement to Czech business, we have recently completed the translation of the Global Reporting Initiatives guidelines.

 

Tomas Nejedlo, Executive Director of Business Leaders Forum

Tomas Nejedlo, Executive Director of Business Leaders Forum

 

 

From your experiences, what do you think Czech companies believe CSR is?

With so many ‘expert opinions’ no one really has a universally accepted definition of CSR. One popular view, which in my opinion is nonsense, is that CSR is ‘doing good for society’ (i.e. foundations & philanthropy). This is the view championed by the Czech Donors Forum.

From the beginning, we have presented CSR as being about about business, about management. We are pleased that this view is growing in popularity.

But specific priorities are even more diverse and company dependent, with many Czech companies’ focus on Work Life Balance and their Environmental impact but, for example, Skoda Auto’s focus is about their Supplier & Sub-Contractor relationships. 

We also cannot forget the strong tradition of responsible business in the Czech Repubic, 1st brought to international attention by the efforts of Tomas Bata, this tradition has made many managers come to me asking why we are calling it CSR when it really is just ‘normal activity’. I tell them that it is important to recognise these activities and approach them with the same language as the global economy via, for example, the Global Reporting Initiative.

 

Are there any companies that are truly leading the way in the Czech Republic?

I really love Kovohutě Příbram, which is a medium organisation in central Bohemia engaged in the recycling of old batteries and selling the Lead from them to companies.

I’d also like to highlight O2, which has really surprised me, their presentation and activities have been outstanding in the last year.

 

There has been significant concern that due to the economic turmoil, CSR activities will suffer, so you believe Czech companies will cut down on their activities?

My personal feeling is that CSR is not just about costs so I actually think that this is a good opportunity for companies to develop new methods and new activities which will benefit the company without any extra cost.

 

America’s new President has just been inaugurated, his speech at the event highlighted his desire for both sustainability and accountability to be key priorities for his administration in the coming years, what do you think this means for CSR in the Czech Republic?

To be honest, I have no idea. The question is how will his influence, in turn influence our region. This effect could be strong with many firms here not engaging in CSR for CSR’s sake but to fulfill the demands of their clients.

Yesterday, while presenting the idea of CSR at a Sponsorship conference, participants reminded me that in an open economy like ours, our customers are often international, with products that are likely sold in the west, where customer concern for CSR could grow significantly.

So again, the influence of the new US administration will not be a direct one, but an indirect one through the supply chain.

 

What do you think will be the key challenges for CSR in the Czech Republic in 2009 and how do you intend to address them?

I believe one of our key challenges will be the adoption of globally accepted frameworks for CSR and will work towards encouraging discussion about measuring & reporting in the business community. But we have to first find partners and companies who are both willing and suitable.

Czech Business Weekly have also recently published a Great Article by Lenka Česenková, CSR Consultant at Ernst & Young CZ: Link Here

Deutsche Bank adds Middle East to CSR Foundations

Deutsche Bank Deutsche Bank has recently added a Middle East Foundation to its ‘family’ of foundations already in Asia, Africa and the Americas.
Launched in Dubai’s International Financial Centre (DIFC), amid praise from its Governer, H.E. Dr. Omar Bin Sulaiman, the foundation will focus on funding investments in education, community development, sustainability, and volunteering in the Middle East North Africa (MENA) region.

It can be imagined that regional NGOs will hope that the foundation supports initiatives with higher levels of direct impact than the event that launched it, a public display of part of Deutsche Bank’s extensive art collection normally only shown in their Frankfurt Head Office.

More at:  Zawya, Global Investment Watch, DB Press Release

T-Mobile CSR: An Interview

t-mobile-logoAn interview with Jitka Chocova, CSR Manager, T-Mobile (Czech Republic).

What part does CSR play in your company?
A very important one, we started with a responsible approach towards our business in 2005, since then we have worked to ensure that CSR becomes a vital part of our company culture. Naturally it is long journey, but judging by the reaction of our employees and community, we are doing fine so far. The people in our company accept the fact that CSR is an important part of business in T-mobile.

Does CSR contribute to higher earnings or customer satisfaction?
According to various studies, research and experiences around the world, CSR certainly leads to improved company performance, that is without question. But the truth is, some aspects of success are hard to measure (mentioned in: Do the Math on CSR). I’ll give you an example, in companies that are running CSR programmes, employees feel much better, their work, which now comes with a greater sense of purpose, brings them higher satisfaction. So it’s not only about numbers.

What results is that employee efficiency increases, something that is hard to measure. This is representative of the situation in T-mobile. CSR obviously has had a very positive impact but in order for me to present concrete numbers about revenue or profit I would have to conduct detailed research.

Jitka Chocova, CSR Manager, T-Mobile

Jitka Chocova, CSR Manager, T-Mobile


What belongs to the Job Description of a CSR Manager?
A CSR Manager is a person who, in cooperation with company management, creates the entire CSR strategy and is responsible for its integration into the everyday work of the company. It encompasses a wide portfolio of activities that include philanthropy for regions where we are active (T-mobile fund), projects focussed on employees, “one day for your good deed”, protection of the environment and representation of the company in associations and professional groups.

What do you consider your biggest success since assuming your position?
Definitely, it would have to be the fact that since 2005 the CSR budget has quadrupled. The 2nd biggest success is that CSR has become a part of the culture in T-mobile, people know about CSR and it’s an integral part of our everyday life. For example, I refer to our volunteer programme, “One day for your good deed” where more and more people have gotten involved (in 2005 it was 109, this summer it was 369), this year all our directors participated as well.
I’m also really glad that I have had a chance to participate in the DMS project (SMS charity giving), it’s a very unique project that managed to help NGOs raise around 200 million.

1st published in Czech in KB Journal.

ESG as Risk Management

WBCSD LogoIs investing just by looking at financial statements ‘so last year’ ?

Investment analyses that include CSR related metrics (previously mentioned in “Do the Math on CSR“) are increasingly being seen as the way of the (very near) future.

Robeco, a dutch financial services provider, predicts the market for investment products that take into account these CSR metrics will be brought into the mainstream by 2015, constituting 15 – 20% of global assets under management (AUM).

“It’s a tool for better assessing risk” Head of the CFA Institute’s Centre for Financial Market Integrity, Charles Cronin, says of ESG, “People don’t want any surprises these days (…) An ESG framework helps you manage an aspect of risk”

“Responsible investors benefit from better risk management, greater transparency, and an active engagement with companies to promote better management” Oxfam Policy Analyst, Helena Vines Fiestas

Demand for these investments also comes from the ‘the global consciousness’ being rapidly more concerned about climate change and the environment. Christian Werner, Sustainable Asset Management’s (which Robeco owns a 85% stake in) Chief Investment Officer, explains, “If we don’t investment in these companies fast, we won’t get anywhere near the solution” referring to the argument that growth will have to come from these sectors if the future of humanity is to be secure, and therefore they provide an excellent investment opportunity.

Major players have also been getting in on the action:

- Deutsche Bank recently published “Investing in Climate Change 2009: Necessity and Opportunity in Turbulent Times” (Also mentioned at Envirovaluation)

- HSBC has instituted a Climate Change Centre of Excellence headed by co-author of “Sustainable Investing: The Art of Long Term Performance”, Nick Robins

- Goldman Sachs is about to launch Sustain, a concept which will form the basis of a fund that draws on environmental, social and demographic developments to predict investment success

Based on an article by Sophia Grene, published in the Financial Times: Find it Here

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