Connect with us

News

Corporate responsibility reporting is at an all-time high, but there is still room for improvement

Almost every Global Fortune 250 company now reports its corporate responsibility activity, with 100% of the UK’s Top 100 companies taking part, Charlotte Reid writes.

Corporate responsibility (CR) is now undertaken by 95% of the Global Fortune 250 (G250), and 64% of the largest 100 companies in each country.

Published

on

Almost every Global Fortune 250 company now reports its corporate responsibility activity, with 100% of the UK’s Top 100 companies taking part, Charlotte Reid writes.

Corporate responsibility (CR) is now undertaken by 95% of the Global Fortune 250 (G250), and 64% of the largest 100 companies in each country.

CR is a more comprehensive report into the performance of a company, which includes environmental and ethical acts as well as finances.

These reports have an effect on the way businesses works such as how they develop their relationship with stakeholders and tell people about the values and principles behind their company.

Vincent Neate, leader of the KPMG’s UK Climate Change and Sustainability practice, said, “It’s heartening that without exception, the UK’s largest companies are monitoring and reporting on their CR behaviour.

It’s the latest indicator of CR’s move up the corporate agenda which is entirely sensible given its relationship to sound commercial concerns such as cost reduction, risk management, regulatory compliance and brand enhancement.”

Neate added that, “CR initiatives have moved away from being a moral to a critical business imperative through the finding that almost half of the G250 companies report gaining financial value from their CR.”

A good example of CR within a company is ice cream maker Haagen-Dazs raising awareness of the disappearing honeybee population. To help do this, they launched a website, as well as donating some of the money from its honeybee branding to help with research into the problem.

KPMG believe the report is the most comprehensive study of corporate responsibility ever released. The survey involved analysing data from 3,400 companies worldwide, including the Global 250 (G250) and the top 100 largest companies across 34 countries.

However, as there is no reporting standard for regulatory global sustainability, the report highlighted that there is a need for access to consistent data.

Wim Bartels, global head of KPMG’s Sustainability Assurance, says, “Unlike financial reporting, the disclosure of sustainability metrics to the market is largely unregulated.

The time has now come to enhance CR reporting information systems to bring them up to the level that is equal to financial reporting, including a comparable quality of governance controls and management.”

If you want to invest in a company that takes its corporate responsibility seriously then talk to your financial adviser if you have one, or complete our form and we’ll connect you with a specialist ethical adviser.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Environment

How Climate Change Altered this Engineer’s Life

Published

on

how climate change affect our lives
Shutterstock Licensed Photo - By Rawpixel.com -- https://www.shutterstock.com/g/rawpixel

Living the life of an engineer likely sounds pretty glamorous: you are educated and highly regarded, typically have high paying gigs, and with the breadth of knowledge and array of fields of specialty, your possibility for jobs is usually immense.  But what if there was something else that needed your attention? Something bigger than just being an engineer, going to work every day and doing the same technical tasks typically associated with the profession?

For Kevin McCroary, that is exactly how it played out.  A successful engineer, gainfully employed in a prosperous job, a simple trip to the Philippines made him see that there was a bigger issue at hand than using his engineer training in a traditional profession.  This bigger issue was that of climate change.  And working as a volunteer for underprivileged children in the Philippines, he saw first-hand the extensive pollution and poverty that existed here and that impacted the livelihood of these kids and their families.

Upon returning home, from his trip to the Philippines he had a new perspective of the impact we as individuals and as humanity have on the earth, and more than that Kevin wanted to know more.  He started to do some research and study these human-environmental interactions, and shortly thereafter ended up in Greenland.  There, he spoke to a man who had lost his home in a tsunami, and, who, through consistent weather tracking could indeed confirm that the current weather trends were “strange:” there was undeniably a general warming tendency happening in the arctic, causing an array of negative effects.

The combination of these observations, as well as his own research, led Kevin to conclude that something had to be done.  With that in mind, he launched his project Legend Bracelet.  The mission is simple: create a reminder of the legacy we are leaving behind.  As individuals and as humanity, we are leaving behind an imprint on the earth, and the magnitude of it is something that needs to be brought to the forefront of public awareness.  The idea is to have a bracelet that can serve as a daily reminder of the impact on the earth that each of us can have every day, regardless of how big or small.  The bracelet has two capsules: the first is filled with sand or earth, and the second is empty.  As the owner, you are to fill the empty one with your own earth, carrying it with you as a reminder and symbol of your connection and commitment to helping look after our environment.

We are all impacted by climate change, and we all have a responsibility to help.  And it can start with something as simple as putting on a bracelet.  Support Kevin on his Kickstarter campaign for Legend Bracelet, tell others about it, or take action in your own way and play your part in slowing down the effects of climate change.  You may think “but I’m just one person!” You are indeed.  But so is he.  Every change starts with one.

Continue Reading

Lifestyle

5 Things You Can Do Yourself to Improve the Value of Your House

Published

on

home renovation and improvement
Shutterstock Licensed Image - By Stock-Asso

Whether you want to own it or list it, every once in a while, a house needs a facelift. This will not only improve quality of your life but will capitalize your home’s value significantly, too.

The best way to improve home value by yourself is to upgrade only what is necessary and nothing more. For instance, why would you buy a new bathroom door when a little retouch and a coat of fresh paint will suffice? By taking this approach, you are allowing yourself to make several small improvements instead of venturing just one or bigger ones. Select projects thoughtfully and know when you should stop.

Pitch in for the kitchen

If you really want a return on investment one day, start in the kitchen. By many, the kitchen still represents the heart and the soul of the house, the central hub of a property and it will all on its own add colossal value to your home. Moreover, the kitchen can be a breaking point in selling the house, so you should not hold on to your wallet in this area.

There are many little things you can do to spruce up the overall image of your kitchen. You may paint the kitchen cabinets, replace old door handles, add additional storage space with a sliding wall or a kitchen island if there is enough room for it. In addition, you may open the living space up by taking a kitchen wall down. Possibilities for do-it-yourself are many.

Add an attic or a basement bedroom

Properties are usually valued by two things: land size and the number of bedrooms. The price range between a three to four-bedroom home is two to four hundred thousand. Since you can’t change the size of your land, you can at least increase the number of bedrooms.

If you are prepared to go full-scale, converting the attic or the basement into the bedroom is another especially favored project that will by far boost up your home’s value once you decide to put it on the market. Until you decide to list it you will enjoy in your own extra space for entertainment, living, sleeping, playing, exercising, or whatever you fancy.

Transformation with paint

If your walls have scrapes and stained paint, a vintage color or shabby wallpaper, several cans of paint can make a striking distinction. In order to increase the value of your home, it is recommended to go with neutral colors that will unify the whole house and make the space visually bigger.

transformation with paint

Shutterstock Licensed Photo – By Poznyakov > https://www.shutterstock.com/g/poznyakov

Bottom line, nothing can transform a home like a cast of fresh new paint. It is the number one way to beef up a property value of any budget. Additionally, painting the house is still one of the easiest, fastest and highest value drivers.

Secure with style

All of your effort and money would be wasted if you can’t protect the investments you made. A good security door costs as little as a few hundred dollars but if it saves you just once from being robbed it instantly pays itself off. People avoid putting security screens on windows because they mostly do not look stylish enough, but there are other options, such as installing shutters. There are so many elegant and cool shutter options that we found at Independent Blinds & Awnings that it’s really hard not to find something for you.

Basic maintenance for a worry-free mind

A clean house is a healthier house for you and your family. By making a clean house your number one on the list for improving, you accomplish a couple of things at once.

First, you stay on track with maintenance issues and, consequently you are able to recognize future problems before they become costly ones. Secondly, you don’t allow dirt and garbage to pile up over time. Thirdly, smudged, dirty windows can have a bad impact on the overall perception of the house. Same as eyes are windows to the soul, windows are for the home. Therefore, you need to wash them properly.

Spice up the landscaping

Big backyard is an all Australian dream and still, it is more often than not the most ignored area of the house. However, landscaping is really important as it frames a property from every corner.

Simple, low budget cosmetic changes in the front yard including installing garden beds, adding plants, pebbles or mulch, and paving or painting the front walls will positively lift the curb appeal as well as the property value. As for the backyard, you may span a lawn to create more open space for you and your family to move freely, cut and reduce unruly trees and vegetation, and fix the fence if needed.

Adding value to your home through a cosmetic or structural renovation is an actual way to quickly enhance your money invested in a property. In the end, you need to make sure that if you will continue to live in the house and renovate, that your renovations will contribute to a good lifestyle and that it will give the impression of a “ready to move in” property once you decide to list it.

Continue Reading
Advertisement

Facebook

Trending