Companies in Hungary are beginning to see the benefits of social responsibility, according to Kincső Adriány, from the Hungarian Business Leaders’ Forum Corporate responsibility in Hungary is “getting there”, says Kincső Adriány, executive director of the Hungarian Business Leaders’ Forum. Levels of practice and understanding are broadly comparable to those in the Czech Republic, Poland and Slovakia, but reaching western European standards could take “ten, 20, even 25 years”.

More than 600 senior executives will gather at the UN business summit, Global Compact, to address the role of businesses to improve social and environmental practices.

At the Global Compact Leaders Summit, elite business executives were asked to Go Green and stop corruption by the United Nations.

E. Neville Isdell, CEO of Coca-Cola Co., is leading the way alongside UN Secretary-General Ban Ki-Moon to urge companies to embrace environmental protection.

John Davies writes about the 5 stages a business may go through as it strives for Corporate Social Responsibility: desire; pride; satisfaction; depression; and collaboration.

Source: ITWorldCanada

“Company presidents and marketing chiefs may be demanding more environmentally responsible operations, but analysts say those in charge of supply chains are having trouble figuring out how to make their operations greener.”

GreenBiz.com’s report titled “State of Green Business 2008” has a wealth of information and trends on green businesses. It also outlines an index consisting of 20 indicators to measure the environmental progress of a company.

Source: Marketwire

“Companies believe that when they are more open with stakeholders and place social responsibility at the core of their business strategy they will be more competitive, attract and retain the best talent, and gain access to new business opportunities, says a global study released today by IBM.”

Source: The Economist

“There is no doubt that the greening of corporate responsibility rings a bell with many companies. They can cut costs, delight employees and burnish their brand. By preparing their business for the expected demands of customers and regulators they may also be giving themselves a competitive advantage.”