Integration of Corporate Sustainability with CSR (Contd.)

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Integration of Corporate Sustainability with CSR (Contd.)

welcome back to the mooc course on corporate social responsibility my name is aradhna malik and i am helping you with this course and in the previous lecture we . we had started the discussion on the summary of codes prescribed for . corporate social responsibility we will wind up that discussion in this lecture so lets see what we have here for you so we discussed some codes . . the next code again i am sorry i forgot i should have ok this is what we need to do here . ok this should also close all right um so the next code that we will talk about is the rio declaration . the earth summit by the united nations conference on environment and development unced that happened in nineteen ninety two now this is what we have here for you they setup a sustainable development knowledge platform . and through this platform you can get a lot of resources a lot of information on how sustainable development can be taken care off by different organizations here . um so . you can navigate this here ok . so they have conferences they have a whole bunch of tools here they talk about ah . sustainable development goals so you know they have their resources they talk about their partnerships etcetera so . so how ah . you know this and then again they have post two thousand five process they have a library of their publications and documents and you can go through what they talk about . ok now . according to the author this addresses ah . nations and states but also addresses many of the out issues outlined in the global compact weakness of this is that it does not address companies the components that are included are ah the historical point in time when unced and environmental issues entered the mainstream so that historical point is very important . technology had just started taking over the world by a storm . and environmental attention to environmental concerns was was picking up speed the comments here are . there is a precautionary principle and pollutes pay principle and these were defined by the rio declaration and these are the key elements of many environmental standards these apply to companies now let me tell you what the precautionary principle is . precautionary principle is that companies must take precautions in order to not pollute the environment that they are in . pollutes pay principle . here this pollutes pay principle is refers to the . the ah the suggestion or guideline that anyone any organization that pollutes the environment should take responsibility for it and should pay for it in cash or kind so that is these are the two principles precautionary and pollutes way i have not given you the details so that you listen and you understand these its very simple if you think about it its extremely logical . you should not pollute the environment if you pollute the environment please pay for it pay for the damages compensate for the damage you have caused to the environment something very simple ok then and that really applies to the companies the nodes are that it provides an important basis for environmental principles in international law enshrining many key concepts and definitions it identifies the question what is the role of states in promoting environment and development Refer Time: 04:00) so that is . about this now next one here is the the ceres principles ceres refers to the coalition for environmentally responsible economies these came out of the valdez principles which were proposed in nineteen eighty nine they were a result of the exxon valdez disaster in alaska . this is a un based organization and let me show you what this is all about ok so this is iisd business and sustainable . from iisd is business and sustainable development of global guide . iisd stands for international institute for sustainable development they supported by the united nations coalition for environmentally responsible economies again the principles are given here now . the ten principles i will just read them out here . let me . increase the size of this . page here . ok . . you can actually go to this website and read the detail . yourself let me just give you a brief overview the

first principle is . protection of the biosphere then sustainable use of natural resources reduction and disposal of waste wise use of energy risk reduction um risk means environmental risk to the environment . marketing safe products and services damage compensation again pay for . pay pay for pollute principle disclosure so you tell people what you are or the effects of your . tell people about the the the . you know which of your operations can cause injury or can can cause harm or pose health or safety hazards for the ah . for people in the environment environmental directors and managers . you need to have people looking after this exclusively and assessment and audit you open yourselves to . to some accountability standard so very very interesting here so . maybe you can read the detail if you are really interested the themes are that it applies to a network of more than eighty environmental investor and advocacy groups promoting sustainability network there is a network of more than eighty environmental investor an advocacy groups promoting sustainability the ten principles covering major environmental concerns facing companies have already been read out to you it encourages the ongoing dialogue with corporations the weakness is that they are aspirational in nature and do require two way dialogue . if you see this there is a you know this requires a two way dialogue as to how you will protect the biosphere you cannot just say ok protect the biosphere some discussion has to take place between the experts and the organizations to see what they can do and sustainable . use of natural resources which natural resources how would you what would you what would constitute as sustainable use how are you going to reduce the waste and how are you going to dispose it off so it doesnt hurt . the environment then wise use of energy ok . risk reduction so all of this requires a dialogue with the stakeholders and with the regulatory agencies alright . then the components included it helped launch the global reporting initiative and tell you all about it amazing amazing way to ensure . accountability to . to . to help organizations who want to ensure accountability but dont know how to so . we will just see this in a little while . comments are the question that the author poses here . is what measures can companies take to promote sustainability of their products and operations yes we are looking at the environment . but how do we ensure that our products and our operations are also you know also contributes to sustain or are also sustainable the the way we do things is also sustainable and is contributing to the sustainability of the environment ok the next one here is the . natural step this was set up in nineteen ninety two . let us see what this is like . natural step . they say we are a leading partner for organizations ready to address humanities grand challenges to create a better future we enable decision makers to manage complexity define their position and seize opportunities for short and long term success so they are . you know since nineteen eight nine we have worked with thousands of corporations municipalities academic institutions and not for profit organizations . that have proven that moving strategically towards sustainability leads to new opportunities reduced costs and dramatically reduced ecological and social impacts you can go through the framework here that they have set up and they have a whole bunch of resources that you can look at so again a very very interesting initiative . so they they have these four rules that . that contribute that they think contribute to sustainability a success through sustainability . . and these four rules are here . . ok so in a sustainable society nature is not subject to systematically increasing concentrations of substances from the earths crust such as fossil carbon dioxide and heavy metals . concentrations of substances produced by society . such as antibiotics or endocrine disrupters degradation by physical means such as deforestation and draining of ground water tables . and in that society there are no structural obstacles to peoples health influence competence . impartiality and meaning now i would really like to give you an example of this particular part this is something we not really . discussed you know so i just give you an example a very . pertinent example that has been in the news for quite some time is the is the . drastic drop in the populations of vultures which are natural scavengers as a result of . them feeding on

the carcasses of cattle that have consumed ibuprofen which is a component that or its a com . its a medicine that is given to to cattle its also consumed by humans . too to take care of or to help with inflammation so we all take it i am not going to go into the brand name the the the generic name is ibuprofen now when cattle consume you know cattle are also given ibuprofen and . when they die their carcasses are disposed off and vultures feed on them now vultures again you know in the ecological cycle . vultures have a very important role to play however ah the populations of vultures are decreasing because they feed on cattle and ah that have consumed ibuprofen . and that in turn damages their i i believe it it damages their kidney(s) so damages . it will it ends up killing them so . ok . so . that is what . is . happening you know its a medicine but harmful effect is that it is harming the . environment also alright so this is that ah then the author says that this applies to companies communities and individuals worldwide the components included are addresses the systemic causes of environmental problems general enough in nature so that different sector organizations can adopt and make them their own . the comments are that its difficult to build capacity and scale up activities especially in developing countries it complements many sustainability tools and resources including iso one four zero zero one ok . alright extractive industries transparency initiative so this . again lets see . what this is . ok extractive industries a transparency initiative its the global standard for good governance of oil gas and mineral resources . resources that are obtained through extraction from the natural environment so oil gas and minerals that are extracted from the environment that are . you know that are taken . that are pulled out from the environment and then processed in and used by us ok so . here are the details for this now . this applies to companies that operate mining oil and gas fields and also can apply to supply chain companies upstream and downstream the components that are included are promotes they promote the the use of systems and procedures that enable the transparent use of resources . mineral rich countries report on revenue . the countries must define their own processes . comments are that . does not address social issues political issues or health issues it just talks about the environmental issues ok the next one is the equator principles financial institutions we have talked about this also in a previous lecture let me show this to you again ok here the equator principles are there . so . alright . currently ninety one equator principles financial institutions in thirty seven countries have officially adopted the ep covering seventy over seventy percent of international project finance debt in emerging markets ok so we have already talked about this so i am not going to go into very much detail . regarding the website this applies to the guidelines for financial institutions to provide a benchmark on social and environmental issues for for project financing banks and insurance companies . export creditors and development agencies ngos ngo involvement and reputation at risk has created critical mass participation one of the very few voluntary sector initiatives . to be successful the challenge is how to expand it into emerging markets for example china russia and india the components included are . this addresses project financing with capital costs over ten million dollars . the comments here are that if . it has achieved a critical mass it achieved the critical mass when seventy financial institutions . in sixteen countries signed the principles and now seventeen i believe it says . thirty seven countries not ok so not sixteen anymore it is thirty seven countries . . social and environmental assessment

required of . borrowers and establishment of social and environmental management systems the notes here that the author has put are ok . what i have done one second sorry about this the notes are that some believe that the epfis have financed projects which violate the principles a lack of transparency public relations is the only concern ok . the next one here on our list is the aa one thousand series foundation standard now it was . i have started downloading this but i believe its not really downloaded let me see no it has not ok sorry about this so i mean its its not . these these are not really available on a website . however you can go to this particular website and . here you can google this and when you click on this the aa one thousand accountability principle standard two thousand . you can actually see the document . there are some images here ok so you can actually go online and download it before you can read it i m sorry i did not download it for you to see . so you can see these . standards alright . now the theme these applied to assurance standards for assurance providers to evaluate public disclosure about performance established criteria for evaluation including systems data and processes quality assurance standards . organizational guidelines qualification for assurance providers . components included art this can be used with the global reporting initiative as well as with other standards or codes such as factory audits and labor standards . . the comments that the author has made are that its an established it has established . csr . as a discipline establishing professional qualifications training and development methodologies again you know you you should be able to go through these different codes on your own and pick the one that suits you best the author will you know different people will look at these things from different angles . notes that the the author has made here are the these are accessible online at no cost as more companies sign up . then csr will increase . the challenge is to build capacity among assurance providers ok . the next one is the global reporting initiative and this is this is . very interesting because finally there is a worldwide standard for how you can disclose or disclose your efforts so you know they are . they talk about how view the gri standards here so lets see what this . has ok tools to enhance your reporting interactive training courses on how you can improve your . global reporting and . ok so you can actually go through this sustainability reporting standards and then again it requires a lot of a signing in at all however . this is where you will find the details of these standards ok . themes it applies to it sets a framework for all businesses the gri reporters gri mission is to evaluate the quality of reporting to a higher level of comparability consistence and utility . companies must meet certain criteria if they want their reports in accordance with the gri guidelines so its becoming a world standard . people are more and more . organizations more and more countries are following this standard because its its again you know when we say its a standard . it is accepted as a benchmark in how reporting should be done components included are ceres and the tellus institute can convened the gri unep has also played a significant role in the year two thousand the gri launched the sustainability reporting initiative . reporting guidelines in two thousand and two as the g three guidelines the comments here are . the challenges include need for more research to confirm the link between reporting and improved social and environmental performance . reporting can be costly large number of gri indicators can be daunting you can be confused with so many things to report on lacks external verification most visionary of the csr tools but will take decades to become mainstream and may get outdated by then you know that is one big concern people have . sector supplements are available in finance electric utilities and mining in this tool the notes have thousands of companies in sixty countries issue gri reports . it defines

reporting content defines report quality report boundary setting . options for reporting the questions are how can a company communicate with stakeholders . what are the issues a company should report what are the boundaries of a company these are some of the questions that the author of this paper has raised so maybe you can look at it and you can comment ok alright the next one here is the iso fourteen thousand and one nineteen ninety six to two thousand and eight i think this is the last one on our list . ok i iso fourteen thousand and one this is the one that is currently being used . lets see what this is all about . here . environmental management systems and easy to use . checklist for small businesses ok so the latest version came out in two thousand and ten ok . and this was . a proposed by the international . along organization for standardization and the international trade center . in geneva switzerland ok so so the principles are here . the checklist is also given here i can scroll down or you can see this on your own so various things are given anyway so maybe you can . you know go through this and and see what . you know what the checklist contains the themes or what this applies to is a family its a family of standards to create environmental management systems a useful framework to address environmental management systems it does not focus on . sustainability it focuses rather on the management of the environment . through which sustainability can be achieved which makes it so important so it does not focus on sustainability per say but the idea here is that if you really adhere to it or if you follow the suggestions sustainability will be implicit if you manage the environment . appropriately . ok the components are used . internally without external auditors certificates have issued compatible with the range of standards . . once a company has developed the management systems for the iso one thou(sand) . fourteen thousand and one certificate its easier to implement sa eight thousand as well so thats what i told you you know you you do the man if you manage your environment sustainability will be implicit in that management some comments here are attained a critical mass of global companies . challenges to find mechanisms for enhancing stakeholder participation in decision making ah companies must conduct environmental reviews they must establish effective management systems they must conduct environmental audits they must prepare statements on environmental performance notes are more than thirteen thousand standards exist in hundred and forty five countries now thirteen thousand standards thats a lot thats really mind boggling ok . it adopts a critical quality indicator approach . the question here is how can a company develop management systems to address environmental issues so that is the main question that the author poses so this . should have given you a very very comprehensive overview of the different suggestions that different organizations all over the world have come up with . to help businesses adopt sustainable practices and implement those sustainable practices preferably through their corporate and and you know that is where the the social responsibility . and sustainability come together so by by helping the environment becomes sustainable by contributing to sustainability the organizations are also ah expressing their commitment to socially responsible behavior and that is where these two converge so i hope you enjoyed this . i was prime i was mostly reading from this but i wanted you to really see how the world is looking at different things and what all exists out there this list is by no means comprehensive so if you can come up with more codes and standards that are ah that exist in the world and you know lets discuss them on the forum that would be very interesting so i hope you enjoyed this this is this lecture again you know . this is pretty much you know we have we are in the process of tying up module or week seven there is one more tiny thing that i want to share with you before we wind up week seven so i hope you have enjoyed it look forward to discussing more on . csr and sustainability with you in the next class thank you very much for listening