‘Conscious capitalism’ next step

More post-conventional leaders needed in CSR’s evolution
By Sylvie-Nuria Noguer
|Canadian HR Reporter|Last Updated: 04/23/2013

Whether it is about achieving a higher purpose, increasing market opportunities, fulfilling socially responsible investment (SRI) index requirements or attracting new talent — especially generation Y — corporate social responsibility (CSR) is about change, at different organizational levels.

In the past two decades, most corporations have implemented CSR governance and management systems and reported progress on their CSR objectives. The number of CSR reports has increased, as have the scope and quality of the information published. There were fewer than 50 CSR reports following Global Reporting Initiative (GRI) guidelines in 2000 but, by 2011, there were 3,000.

Additionally, CSR awards and social indexes that identify best-in-class companies — such as the Dow Jones Sustainability Index (DJSI) — have flourished.