Corporate Social Responsibility CSR News

Letter from Weatherford's Sustainability Committee

Article

Weatherford is a global company that helps to provide energy to the world for today and tomorrow while ensuring benefits for all of our stakeholders through responsible operations, sustainable performance, world-class people, and global citizenship. We are guided by our operational principles and Code of Conduct and will operate our business of providing services to the upstream oil and gas industry in an ethical, safe, and profitable manner.

Weatherford Addresses Material Environmental, Social, and Governance Issues

Company Highlights Materiality
Article

Weatherford considers material Environmental, Social, and Governance (ESG) issues to be those which pose the greatest potential risk to our business, and are important to our key stakeholders including our employees, customers, and shareholders.

In 2016, we strengthened our existing process for assessing materiality by canvassing a broader range of internal and external stakeholders and extending sustainability issues across the whole value chain.

Flash Report: 82% of the S&P 500 Companies Published Corporate Sustainability Reports in 2016

Summary: 

Highlights from G&A Institute: 

G&A Institute has analyzed the index company components' sustainability reporting activities for the past six years.   Our research over the last six years shows that reporting on the corporate sustainability including environmental, social and corporate governance (ESG) continues to be a consistent, reliable norm for the largest companies in US capital markets.   

Sustainability reporting rose dramatically from just 20% of the companies reporting in 2011 to 72% just three years later in 2013.  From 2013 to 2016, the frequency of reporting has maintained with slight increases each year, now up to 82% in 2016, the latest year of our study released.

Over the last few years, this consistent volume of corporate reporting underscores the importance and staying power of considering ESG issues when setting corporate strategies, managing resources and communicating to important stakeholders such as customers, employees and shareholders. 

Press Release

Highlights from G&A Institute: 

G&A Institute has analyzed the index company components' sustainability reporting activities for the past six years.   Our research over the last six years shows that reporting on the corporate sustainability including environmental, social and corporate governance (ESG) continues to be a consistent, reliable norm for the largest companies in US capital markets.   

Sustainability reporting rose dramatically from just 20% of the companies reporting in 2011 to 72% just three years later in 2013.  From 2013 to 2016, the frequency of reporting has maintained with slight increases each year, now up to 82% in 2016, the latest year of our study released.

Over the last few years, this consistent volume of corporate reporting underscores the importance and staying power of considering ESG issues when setting corporate strategies, managing resources and communicating to important stakeholders such as customers, employees and shareholders. 

The Trump Effect

Much has been written about America’s President, Donald Trump, and the effects his tenure will have on the world. We at CSRHub recently had an interesting opportunity to examine the relationship between President Trump’s businesses and CSR.
Blog

A US group called “Grab Your Wallet” has launched a web site that looks for companies that are controlled by the Trump family or benefit from being associated with it.  Their premise is that shoppers, investors, communities, employees and other stakeholders could signal their displeasure with Mr. Trump and his policies by boycotting companies associated with him.  Of course, those who support Mr.

Daimler Sustainability Strategy Takes the Expectations of Stakeholders into Account

"We uses a multi-step materiality analysis to identify the fields of action that are relevant to us and to our stakeholders."
Summary: 

We consider fields of action to be “material” if they are important for the company as well as for our stakeholders. We use a multi-step materiality analysis to help us determine what the different assessments, which do not always coincide, have in common. 

 
Article

We consider fields of action to be “material” if they are important for the company as well as for our stakeholders. We use a multi-step materiality analysis to help us determine what the different assessments, which do not always coincide, have in common. 

 

UPS and BSR: How Global Materiality Can Help Shape Sustainability Strategy

UPS and BSR to discuss global materiality assessment process, and its significance to UPS’s sustainability reporting, during free 3BL Media webinar, June 29
Press Release

NORTHAMPTON, Mass., May 30, 2017 /3BL Media/ – On Thursday, June 29, 2017 at 11 am ET, UPS will host a webinar with 3BL Media to discuss its Global Materiality Assessment. The webinar, featuring Patrick Browne, Director of Global Sustainability for UPS, and Nate Springer, Manager at Business for Social Responsibility (BSR), will cover UPS’s global materiality assessment methodology, and its role in driving UPS’s sustainability strategy, goals and reporting.

Walmart | Creating Economic Opportunity

Supporting local, diverse and small businesses
Article

Across the thousands of communities Walmart is privileged to operate in, we see firsthand the importance of business as a source of jobs and tax revenue. As a major retailer, Walmart can help strengthen farmers, manufacturers and small businesses around the world through our sourcing and other initiatives. For example, we can advance local manufacturing, empower women entrepreneurs and improve local agricultural production by working with others to support technological innovation, access to capital and access to markets.

Shared Value is the Walmart Approach to Global Responsibility

Article

Whole-system change.
Working with others, we aspire to reshape whole systems to achieve significant and lasting improvement in social, environmental and economic outcomes. For example, enhancing environmental sustainability in retail supply chains means addressing their social and economic dimensions, too. We have placed, and will continue to place, increasing emphasis on social issues such as empowering women and promoting worker safety and dignity.

Business Innovation Paves the Way to a Sustainable Future

by Andrew Higham, CEO of Mission 2020
Blog

We are at the brink of a new era of digital transformation and global connectivity. By 2020, more people will have mobile phones than have electricity or running water in their homes or villages, connecting billions of people in unprecedented ways. The pace of technology is also opening up new ways of tracking resources, increasing efficiencies, and accelerating our irreversible path to a decarbonized world.

Announcing the 2017 Cone Communications CSR Study

Blog

2017 will be remembered as the year that corporate social responsibility (CSR) was once again redefined. Although CSR will always be grounded in business operations, the stakes have gotten a lot higher. Companies must now share not only what they stand for, but what they stand up for. 

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