Anglogold Ashanti: Analysis of Csr Strategy

The report aims at assisting the GHB to integrate more sustainable approaches by taking advantages of the recommendations of corporate strategies.

This definition is almost identical to that of the Brundtland Report’s view on global sustainability. Many organizations and corporations have since then embedded the Brundtland Report’s concepts of sustainability and sustainable development, whether it’s for genuine care for the world or the desire to increase positive publicity to consumers. But the process of determining and implementing the definition can be tricky as many struggle with twisting around the term with its broad and interpretable definition. Many arguments have surrounded the issue of when a company releases its sustainable development progress to the stakeholders, they will reap many advantages that are not usually associated with releasing this soft of data in an annual financial

Chapter one of Esty and Winston’s research novel, “Green to Gold”, introduced the text’s central theme of the analysis of several businesses and their levels of sustainability, which is defined as the avoidance of the depletion of natural resources. In the past, companies were viewed as simple money-making enterprises; their only purpose was to provide goods and services to the masses. They were held to virtually no responsibilities to the public outside of that goal. In recent year, however, the viewpoint on a company’s duty to both local and global community has immensely shifted. Enterprises, big and small, are now held to higher standards: they can no longer just produce. Government and consumers alike are demanding more from

Corporate social responsibility (CSR)1 has become a hot topic in boardrooms across the world. Changes in corporate value systems are being driven by pressures from different actors, including governments, consumers, non-governmental organizations (NGOs) and institutional investors (diagram 1). Multinational corporations (MNCs) have operations spread across the globe, relying on both foreign affiliates and arm’s-length suppliers arrayed along global supply chains, many of which encompass developing countries. What then does the growing CSR movement mean for developing country producers? The chapter addresses this

Organisations such as the Global Reporting Initiative and AccountAbility have embraced and promoted the 3BL concept for use in the corporate world. And corporations are listening. Companies as significant as AT&T, Dow Chemical, Shell, and British Telecom, have used 3BL terminology in their press releases, annual reports and other documents. So have scores of smaller firms. Not surprisingly, most of the big accounting firms are now using the concept approvingly and offering services to help firms that want to measure, report or audit their two additional "bottom lines." Similarly, there is now a sizable portion of the investment industry devoted to screening companies on the basis of their social and environmental performance, and many of these explicitly use the language of 3BL.^ Governments, government departments and political parties (especially Green parties) are also well represented in the growing documentation of those advocating or accepting 3BL "principles." For many NGOs and activist organisations 3BL seems to be pretty much an article of faith. Given the rapid uptake by corporations, governments, and activist groups, the paucity of academic analysis is both surprising and worrisome. Our recent search of the principal academic databases turned up only about a dozen articles, mostly concentrated in journals catering to the intersection of management and environmentalism. One book beyond Elkington 's has been

In 2000, the United Nations Secretary General Kofi Annan introduced the global compact as a policy and framework for responsible business practice in the global economy. The UN global compact asks businesses to enact, support

Since 1998, Bank of America has become one of the most successful financial institutions in the industry. With the mission to “make financial lives better, through the power of every connection”, Bank of America has maintained aligning operation with its vision. While assisting its clients understand their money, the company also puts a lot of effort into helping the communities by executing Corporate Social Responsibility (CSR). It is undeniable that the company has successfully addressed many critical problems in the environmental, social and economic arenas, as it continually receives awards and recognitions for its CSR efforts.

During the World Summit on Sustainable Development (WSSD) in Johannesburg in 2002, held on the, the then UN Secretary-General Kofi Annan (2002) stated that “And more and more we are realizing that it is only by mobilizing the corporate sector that we can make significant progress. The corporate sector has the finances, the technology and the management to make this happen” (Annan, 2002, para. 5-6).

Contemporary society’s overarching importance regarding global sustainability in the workplace is increasing in significance. Sustainability is emphasized amid global corporation Lend Lease, whom consider the environmental, social, ethical and financial impacts of every decision made. As the leading property and infrastructure group, the aim of this report concerns Lend Leases commitment to making a Global Compact and incorporating UNGC principles as part of their culture, strategy and day-to-day operations and engage in collaborative projects that advance the broader development goals of the United Nations. Thus, recently as part of becoming a signatory to the UNGC, Lend Lease is required to prepare an annual ‘Communication on Progress’. This report aims to address the appropriate structure for the progress report as well as integrating pertinent content discussed in international business, ranging from competing theories as well as counter viewpoints and CSR adoption. Furthermore, communicating the progress report is deemed imperative, thus the internal communication fragment will discuss its implementation to ensure Lend Leases success in sustainability within the organization, and how to externally communicate the UNGC to outside audiences to create brand image and identity. Lastly, a comprehensive analysis regarding alternative solutions, and a particular recommendation are devised in this report.

The world is calling to the urgency of making progress toward economic development that could be sustained without depleting natural resources or harming the environment. “The term sustainable development means different things to different people. But, in essence, it is concerned with meeting the needs of people today without compromising the ability of future generations to meet their own needs” (World Business Council for Sustainable Development, 2014). Furthermore, sustainable development is a compelling idea for many people. It is concerned with how business can contribute to some of the most significant challenges that the world faces today, such as the

As a leading exporter in industrial thread and elastic, Alpha Industrial (Private) Limited passionately conscious about the responsibility to deliver economic prosperity to the country. Our Company has set highest level of sustainability compliance in the industry through our Eco-driven initiative. The economic dimension of our sustainability models looks at how we engage with providers of financial resources and how we contribute in driving forward the country’s economic progress.

In today’s world of business the role of leadership team has been to integrate sustainable business practices into the organisations and ethics are key agenda items (Smart et al., 2010).Businesses can be tempted to make short-term gains by turning a blind eye to ethics that will lead to the loss of reputation (Barman et al.,2010). Thierry Pilenko said that “It is in the power of the leaders, stakeholders and employees to make sure that the ethics are the core values in order to maintain good reputation”. The ethics and the social responsibility are cooperative and a company that acknowledges the importance of sustaining the environment and the people involved makes good profit (Drotskie,2014,chap.5,p.92).The businesses that turned blind eye to ethics have faced the consequences of losing their reputation and remuneration, for example American gas Organisation took unethical decisions that left them being bankrupt (Drotskie,2014,chap.5,p.92).Makgoba stated that South Africa has ethical dilemmas that results to the level of distrust for the government.

Borkowski, S. C., Welsh, M., & Wentzel, K. (2010). Johnson & Johnson: a model for sustainability reporting. Strategic Fin

ABSTRACT This paper contains a critical review of the concept of Corporate Social Responsibility (CSR), which is one of strategy being adopted by businesses to address some of the challenges they confront in their external environment. This paper examines various arguments from proponents and critics of CSR. In addition, this paper examines the case of oil Multinational in Nigeria as way of ascertaining the validity of the different positions in the CSR debate.

This thesis sets out to examine the accounting, accountability and governance practices of the Nigerian Content Development and Monitoring Board (hereafter, NCDMB) and the International Oil and Gas Companies (hereafter, IOCs) in the implementation of, and compliance with, local content sustainability rules in petroleum contracts in Nigeria. The aim is to apply an accountability-based conceptual framework of accounting to address three major accountability issues within the context of the broader natural resource governance practices. Firstly, to critically establish, within the context of the Nigerian oil and gas industry, the relationship between local content and the three tenets of sustainability (social, economic and environmental), the issue that has received relatively little attention from scholars. Secondly, to evaluate the extent of the NCDMB’s accountability by assessing its ability to enforce compliance with the local content sustainability rules as provided by the law. Finally, to investigate the extent of accountability of the IOCs operating in Nigeria by their ability to comply with and align between the mandatory and the voluntary local content reporting practices in their attempt to support sustainability through oil and gas contracts.