Many people who aren?t familiar with corporate social responsibility assume that it only involves making companies right the social wrongs that they practice. However, the most successful companies take a more proactive approach, contributing to causes that improve their local, national or global community, especially in ways that also benefit the company. Companies in the […]

In my last post, I discussed how multinational corporations are often blamed for the negative impacts of globalization. The reality of today?s world is that companies need to invest in improving society and addressing global challenges beyond traditional philanthropy. Too often philanthropy is used as a form of public relations, ?writing the check? to promote […]

Today’s CR as a business strategy includes integrated development, philanthropy abroad Globalization ? the growing integration of economies and societies around the world ? has been one of the most hotly debated topics in international economics over the past decade. Rapid economic growth and poverty reduction in China, India and other countries that were poor […]

Materiality is an accounting concept relating to the importance of an amount, transaction or discrepancy. Information can be considered material, according to international accounting standards, if its omission or misstatement could influence the economic decision of users?investors, regulators and suppliers. Thus, materiality provides a threshold or cut-off point to guide companies in making decisions about […]

Many corporate CEOs and investors have accepted the premise that sustainability issues are material to the long-term success of any business. The C-Suites of public companies increasingly recognize that effective management of social and environmental risks can improve business performance. Issues associated with sustainability include corporate reporting, climate change, resource usage, ethical sourcing, human rights, […]