Thursday, February 22, 2007
The Scotsman reports that retailers are rushing to capture the consumer's green pound. In the UK, New Consumer reports that Marks and Spencer ranks above other food retailers Tesco, Sainsbury's, Waitrose, Asda and Morrisons according to the Ethical Index. But the supermarkets are investing a lot in trying to catch up. But, some supermarkets are sending confusing messages. While there corporate sites are declaring their green credentials, in store customers are incentivised with 2 for 1 offers. Could they be accused of encouraging over-consumption?
Wednesday, February 14, 2007
Strategic corporate social responsibility takes the long term view reports AOL money and finance. I can't see how anyone could disagree and those companies who are acting now are investing in long term sustainability ofbusiness by limiting their exposure to rising energy costs, potential restrictions on energy use and wastage. They are also gearing up to meet a significant change in consumer demand
Monday, February 12, 2007
The London Stock Exchange reports that interest in ethical investments is growing. The report says that the Royal London Ethical Bond Trust has attracted £35 million in external assets so far. This confirm a growing trend as investors increasingly recognise the risk to businesses which are relying solely on unsustainable energy, or which may become subject to legislation or tax on emissions and wastage.
Monday, February 05, 2007
Here's a piece that caught my eye at CSR wire, and this quote in particular made me wonder about the relationship between corporate responsibility and profit. "...Business Ethics magazine reports that companies on the S&P 500 stock index who make their annual 100 best corporate citizens list have higher sales and profits than those who don't". I should look into this before I make any assumptions, but I just wonder whether this is because more successful and profitable companies can afford corporate responsiblity programmes? They may not be profitable simply because they are 'good' corporate citizens.