Sustainable practice

In 1995, the World Business Council for Sustainable Development set up shop in Geneva to encourage sustainability and corporate social responsibility (CSR). Business has caught on.

1: Rank in 2013 of "integrating sustainability into core business functions" among biggest leadership challenges faced by companies looking to bolster CSR efforts, according to a Globescan study in partnership with Business for a Better World.

1 in 3: Canadian consumers in 2006 who said they were aware of national firms that "made an explicit commitment to CSR." In the same poll by Ipsos Reid for Canadian Business for Social Responsibility, 76% of Canadian businesses claimed to be explicitly committed.

25: Social and environmental assessment reports issued by Ben & Jerry’s since 1989. The Vermont-based ice cream company is credited with producing the first real CSR report.

31 of 36: Studies issued up to 2009 that correlate the implementation of environmental, social and good governance practices with either neutral or positive financial impacts.

42: Percent of Canadian and US consumers in 2014 who say they will pay more for products and services from companies committed to positive social and environmental practices. The global average is 55%.

67: Percent of global businesses in 2014 citing cost management as the primary reason to make their company more socially responsible.

2007: Year the Vancouver Port Authority (now called Port Metro Vancouver) created the post of chief sustainability officer — likely one of the first major Canadian corporations to institute the green title.

2011: Year Catalyst and Harvard Business School released research connecting women leaders with greater CSR. In particular, the study reported firms with more females in senior roles gave significantly more money to charity.

About the Author

Steve Brearton


Steve Brearton is a freelance writer in Toronto.

comments powered by Disqus

Highlights

Our Firm Directory allows you to search for Canadian CPA firms using our interactive map as well as other criteria.

Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.