11 July 2007

"UN Global Compact Boosts CSR" from CSRwire

CSRwire just brought a nice summary of the Leaders Summit and some reactions:
"Corporate sustainability and responsibility got a shot in the arm last week at the second annual Global Compact Leaders Summit in Geneva, where the UN-sponsored coalition of corporations addressed diverse issues--from the water crisis to climate change, particularly in China. Companies adopted a Declaration on Responsible Business Practices, called for Responsible Business Education, released a best practices implementation tool, and issued three reports, including one from Goldman Sachs finding financial out-performance by companies with strong environmental, social, and governance practices.

Predictably, response to the Summit ran the gamut from gushing praise to criticism from both the left (the Compact is greenwash) and the right (the UN is co-opting business.) Peter Kinder of KLD Research & Analytics provided a more reasoned response."