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Basic Components of a Socially Responsible Company
by Conrad MacKerron
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Our Mission
Use the power of financial markets to promote positive change in
corporate social and environmental policies
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Shareholder Advocacy –Mobilizing Financial Markets for Social Change
Corporate Engagement
Shareholder Proposals
Proxy Voting
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Blue Chip EngagementMore than 50 corporate engagements moving
companies towards greater environmental sustainability and social equity.
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Traditional Measures of Corporate Responsibility
Quality of management Compliance with laws Honest accounting Financial soundness Product quality
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Two Critical Omissions
Environmental Stewardship
Human Capital
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Key Components of Environmental Stewardship
Policies and practices to promote:
• Materials Efficiency
• Reduced Toxics
• Reduced Waste
• Extended Producer Responsibility
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Key Components of Human Capital
Policies and practices to deter
• Labor Rights
• Forced Labor
• Child Labor
• Slave Labor
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Apple’s Commitment to As You Sow
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Best Buy’s Commitment to As You Sow
The largest U.S. electronics retailer began to offer electronic waste recycling at all of its 1000+ stores in February
They expect to collect 50 million pounds of electronics in 2009
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Bottle and Can Recycling• Coca-Cola agreed to recycle 50% of bottles
and cans sold by 2015
• Nestle Waters agreed to recycle 60% of plastic bottles sold by 2018
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CFLs and Mercury
In dialogue with GE, Home Depot, Lowe’s and Wal-Mart to encourage:
-No worker exposure to mercury at factory level
-Labeling on mercury content
-Labeling on safe cleanup procedures if bulbs break
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Uzbek cotton
• Every fall, over 1 million Uzbek children are taken out of the classroom and into the fields—by government mandate— to pick cotton.
• Wal-Mart called for a boycott on Uzbek cotton; Target, Gap Inc., Levi’s & Co., Marks & Spencer, and Tesco have all made public statements and taken steps internally to eliminate Uzbek cotton from their supply chains.
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Extractives
• ditto
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Pros / Cons of Action
• Build brand value• Cost of changing systems
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Key Take Aways
Account for environmental impact of all phases of product life cycle
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Key Take Aways
Develop and implement Code of Conduct to ensure worker’s labor rights
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ResourcesLeadership/Company Actions
Social and Environmental Policy Consulting
Code of Conduct for Uzbekistan
For all C&A suppliers the C&A Code of Conduct is binding. It strictly states that child labour is unacceptable for C&A.Already in December 2007 C&A obliged all of its global suppliers in written form not to use cotton fibre from Uzbekistan in the manufacturing of C&A products.Furthermore, C&A has requested all suppliers worldwide to clearly state the origin for cotton fibre which is used within any C&A merchandise.