CARROTS AND STICKS – PROMOTING ... - Global Reporting Initiative

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36 Carrots and Sticks - Promoting Transparency and Sustainability Country/Region Standards, Codes and Guidelines insisting on a legal and honest way of business operation; constantly improving their ability to make sustainable profits, improving product quality and service, strengthening resource conservation and environmental protection, promoting independent innovation and technological advancement, ensuring production safety, protecting legal rights of employees, participating in social public welfare programmes. The guidelines also set out the main measures for CSOEs to fulfill CSR, such as establishing CSR fulfillment mechanisms and CSR information reporting systems. http://www.sasac.gov. cn/n2963340/n2964712/4891623.html Voluntary standards Guidelines on Corporate Social Responsibility � for Banking Financial Institutions in China, 2009 issued by the China Banking Association (CBA). The purpose is to urge financial institutions to assume corporate social responsibility and promote harmonious and sustainable development of the economy, society and the environment. The guidelines are applicable to all banking financial institutions with a corporate status in China. The guidelines elaborate on CSR from three perspectives: economic responsibility, social responsibility and environmental responsibility, and also make recommendations for management control mechanisms and systems in relation to implementing CSR in financial institutions. The most pressing aspect of the Guidelines is that CBA advises all banks to produce a CSR report for submission to CBA by the end of June 2009 and annually thereafter. http://www.kpmg.com.hk/en/virtual_library/ Risk_advisory_services/China_Boardroom/ CBU0905_20090417.pdf http://www.china-cba.net/ bencandy.php?fid=44&id=1097 Shanghai Municipal Local Standards on Corporate � Social Responsibility, 2008 issued by the Shanghai Municipal Bureau of Quality and Technical Supervision. The standards emphasise the following four major legal and moral responsibilities: Equity Responsibility: Labour & employee management; Environmental Responsibility: Resource treatment and environment protection; Integrity Responsibility:
Country/Region Standards, Codes and Guidelines � � � Ethical business behaviour for stakeholders; Harmonious Responsibility: Government/Public sector relationships and contributions. Also, assessment criteria and work flow were developed with 67 sub-indicators calculated in a weighted average method to evaluate the enterprise’s CSR performance. The local government encourages the enterprises to self-assess their CSR performance annually or periodically and release the results to the community and employees. http://service.pudong.gov.cn/csr/content.jsp?sj_ fdir=csr_bjz&sj_dir=csr_bjz_csras&ct_id=234728 China Sustainability <strong>Reporting</strong> Guidelines for Apparel and Textile Enterprises (CSR<strong>–</strong>GATEs), 2008 provides a guideline with comprehensive and quantifiable indicators to enterprises that are willing to publish SR reports. It aims to help enterprises voluntarily compile and publish reports on their economic, environmental and social performance of business operations, products and services. Draft Guidelines on Corporate Social Responsibility Compliance by Foreign Invested Enterprises, 2008 issued by the Ministry of Commerce (MOC). The draft guidelines are a long-term plan to encourage foreign companies to integrate into their businesses best practice standards that advance China’s social fabric. These proposed standards are voluntary, but indicate that the Chinese government may look favourably on foreign companies committed to CSR. Under the guidelines, a CSR-compliant company must consider the responsibilities that it bears for its economic, social and environmental impact on Chinese society. The guidelines also encourage the foreign companies to establish a CSR reporting system and publish CSR reports. It also mentioned “the report should give objective and impartial disclosure of the company’s CSR accomplishments, weaknesses and actions for improvement. The information contained in the report should be timely, easy to understand, factual and complete.” http://www.dlapiper.com/files/upload/CSR_Guidance.pdf Guidelines on Social Responsibility for Industrial Corporations and Federations, 2008 issued by 11 national industrial federations and associations Carrots and Sticks - Promoting Transparency and Sustainability 37
Page 1 and 2: CARROTS AND STICKS - PROMOTING TRAN
Page 3 and 4: Contents Forewords 2 1 Executive Su
Page 5 and 6: Core environmental issues today - c
Page 7 and 8: in its regulatory role, to ensure a
Page 9 and 10: of the comprehensive “corporate s
Page 11 and 12: There is a large variety of regulat
Page 13 and 14: of the GRI sector supplements as we
Page 15 and 16: “The vision of the Danish Governm
Page 17 and 18: Emerging trends at the global level
Page 19 and 20: assurance standards are evolving wh
Page 21 and 22: Standards, Codes and Guidelines con
Page 23 and 24: Standards, Codes and Guidelines Eco
Page 25 and 26: Country/Region Standards, Codes and
Page 37: Country/Region Standards, Codes and
Page 77 and 78: 5. Country profiles Carrots and Sti
Page 79 and 80: In June 1997 Herbert De Souza, Beti
Page 81 and 82: well as a list of companies that vi
Page 83 and 84: market-based instruments. A small p
Page 85 and 86: Figure 1: Issues addressed in susta
Page 87 and 88: Stock Exchange (Brazil) and the Joh
Page 89 and 90:
Annex 1 1. Carrots and Sticks - Pro
Page 91 and 92:
Power’ Options: How Governments C
Page 93 and 94:
An external Advisory Committee cons
Page 95 and 96:
Production Printing process: Printe
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CARROTS AND STICKS – PROMOTING ... - Global Reporting Initiative

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