Corporate Responsibility Trends for 2016
“We’ll take a cup o’ kindness yet, for auld lang syne.”
As this line from the classic New Year’s Eve song suggests, now is the time to toast goodwill and celebrate achievements. It is also time for businesses to think about the future.
For leading companies, the season presents a timely opportunity to evaluate their corporate responsibility (CR) strategies and initiatives. Smart companies recognize that CR has evolved from just philanthropy and volunteerism. CR is now a business imperative that integrates environmental, social, and governance (ESG) performance into day-to-day operations.
We are seeing a number of CR trends for 2016. They include
- Corporations will be expected to reduce greenhouse gas emissions as agreed at COP21.
- Materiality is front and center.
- Demand increases for disclosure and scrutiny of supply chains.
- Demand rises for action on diversity and pay equity.