Responsible Business Guide: A Toolkit for Winning Companies

RBG
Responsible Business Guide: A Toolkit for Winning Companies
74 Cleaner Production is a preventive, company-specific environmental protection initiative
intended to minimize waste and emissions and maximize product output.
75 The Equator Principles are a framework for financial institutions to manage environmental
and social issues in project financing.
76 Launched in 1999, the Dow Jones Sustainability Indexes are the first global indexes tracking
the financial performance of the leading sustainability-driven companies worldwide.
77 Engro Chemical Pakistan Limited’s was the first sustainability report by a Pakistani company
to use the GRI-led stakeholder involvement process. It was facilitated and documented by
RBI as a 360° CSR enabler.
78 Cyert and March in A Behavioral Theory of the Firm (1963) argued that organizational goals
emerge from compromises between internal coalitions within companies. This echoes Simon’s
(1957) concept of “satisfying” outcomes, rather than ideal or best ones. Alternatives to the
profit maximising motive can be increasing growth or satisfaction as proposed by Baumol
(1959), Williamson (1964) or Marris (1964).
79 K.B. Clark and T. Fujimoto, “The Power of Product Integrity”, Harvard Business Review, 1990
Nov-Dec; 68(6):107-18.
80 The Food and Drug Administration is an agency of the United States Department of Health
and Human Services, responsible for protecting and promoting public health through the
regulation and supervision of food safety, tobacco products, dietary supplements, prescription
and over-the-counter pharmaceutical drugs (medications), vaccines, biopharmaceuticals,
blood transfusions, medical devices, electromagnetic radiation emitting devices (ERED),
veterinary products, and cosmetics. The FDA also enforces other laws, notably Section 361
of the Public Health Service Act and associated regulations, many of which are not directly
related to food or drugs. These include sanitation requirements on interstate travel and
control of disease on products ranging from certain household pets to sperm donation for
assisted reproduction. Source: http://en.wikipedia.org/wiki/Food_and_Drug_Administration
81 Using influence e.g. chemical industry’s Responsible Care ® program
82 Climate Competitiveness Index 2010
83 Guidance on corporate responsibility indicators in annual reports
84 Concept of “Creative Collaboration for Competitiveness” presented by Ambreen Waheed in
a paper, “What Role Corporations and Academia Can Play: Sustainable Development and ICT
Potential in Pakistan” prepared for the ICT-Corporate IT Forum, and presented at the regional
conference Oneworld South Asia Partners, India, 2003
85 From Ambreen Waheed et al., “The State of Evaluation of CSR in Pakistan”, Securities and
Exchange Commission of Pakistan, 2005.
Responsible Business Initiative 65