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Trends in Utility Corporate Social Responsibility
Datamonitor, June 2007, Pages: 25
Transparent reporting on a range of economic, social and environmental issues has become a crucial part of utilities annual CSR reporting activities to investors, consumers, interest groups and the general public. The traditional reporting focus on governance, and health and safety has expanded in particular to cover issues of stakeholder engagement and climate change protection.
Scope of this title:
A review of how corporate social responsibility (CSR) has evolved in recent years. Examination of climate change survey data and the new industry of CSR accreditation. An analysis of what issues leading utilities are focusing on in their corporate social responsibility reporting. Coverage of the trends in utility CSR reporting over the last several years.
Highlights of this title:
Over 80% of EU citizens believe national energy production and consumption patterns hasten climate change. Utilities are the most visible energy participants, with direct consumer contact. They are likely to be held disproportionately responsible for what is perceived to be an energy-related problem. Out of a ranking of 64 of the worlds largest companies (based on an extension of the Fortune Global 50), utilities rank highly in comparison with peers other industries. Centrica is unique in massively expanding the resources and CSR coverage it devotes to charitable activities. Other utilities, in particular EDF, tend to focus on more structural solutions to social issues, for example through company-organized programmes of international development assistance.
Reasons to order your copy:
Understand what CSR is and what specific issues are now considered to be an integral part of CSR reporting. Identify the issues that European utilities tend to focus on in their CSR reports, and how this has changed in recent years. Understand the role os CSR standards accreditation.
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