Thursday, June 02, 2005

Promoting health and safety as a key goal of the corporate social responsibility agenda executive summary

An interesting view from the UK ...

Corporate Social Responsibility (CSR) has many definitions but, in essence, it is based on the integration of economic, social, ethical and environmental concerns in business operations. The major social concerns include the welfare of the key stakeholders in the business, especially employees.

The study established that CSR is gaining in influence and, as the CSR movement comes of age, it is becoming mainstreamed in the measurement and reporting of business performance on which the financial services industry bases its investment decisions. This places a burden on organisations such as HSC/E to demonstrate why and how OHS is a material issue for the reputation of companies and for their business performance.

HSC/E must demonstrate that OHS is a reputational risk issue for all types of business. For the reputational risk to be material, it needs to be shown that companies that fail to adequately address occupational safety and health are in danger of losing public trust with a consequent loss of profit and shareholder value. Public awareness is key to making OHS a material issue for reputational risk. The focus here should be that whilst HSC/E raises public awareness, especially of occupational health issues, HSE’s Business Involvement Unit translates the message into CSR language to engage with the CSR movement."   continued ...   (Via EurOhs)

Corporate Social Responsibility - User Interface Design, Human Computer Interaction (HCI), Ergonomics

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