New government guidelines are stipulating that 5% of the assessment of an NHS tender will now be based on the inclusion of an effective Corporate Social Responsibility (CSR) policy statement.
Previous work suggests that companies with clearly understood values might expect up to 18% improvement in profit compared to matched companies which do not have their values understood and lived by all in the organisation [see ‘Does Business Ethics pay’, IBE, April 2003, ISBN 0-9539517-3-1, Price £25, appendix 4]
With CSR moving up the government agenda companies should take a serious interest in CSR as a matter of urgency
For further information: www.pasa.nhs.uk/sustainabledevelopment
Posted by Steve Mullins
This certainly seems to me to be a step in the right direction. I would hope that all corporations would include a policy about CSR anyway, but since this is too often not the case, mandating they do so seems quite reasonable and effective.
Posted by: panasianbiz.com | 02 September 2006 at 04:28 PM