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USA: Best Resources for Corporate Social Responsibility

Business Ethics
July 1st, 2001

What most of us lack these days isn't data but time. The World Wide Web is a marvelous research tool, but the sheer amount of information available can be overwhelming. How do you weed through it to find the very best sites, where someone has already synthesized masses of material for you? Well, consider the offerings below a garden without the weeds: a selection of the best of the best sites in corporate social responsibility (CSR).

1. Best Practices and Company Profiles

www.bsr.org -- This may well be the best CSR site of all. Run by the business membership organization Business for Social Responsibility, its focus is on giving businesses hands-on guidance in setting up social programs, but data is useful to researchers as well, particularly because of "best practice" examples. Topics include social auditing, community involvement, business ethics, governance, the environment, employee relations, and corporate citizenship. New topics are being researched all the time. One recent report, for example, looked at companies linking executive pay to social performance, while others have looked at how to implement flexible scheduling, or become an "employer of choice." Visitors can create their own printer-friendly custom report on each topic, selecting from sections like Business Importance, Recent Developments, Implementation Steps, Best Practices, and Links to Helping Resources. To receive notices about updates, plus other CSR news, subscribe to BSR Resource Center Newsletter by sending a message to centerupdates@bsr.org with "subscribe" in the subject line.

www.ebnsc.org -- You might call this the BSR site from Europe. It is sponsored by Corporate Social Responsibility Europe, whose mission is to help put CSR into the mainstream of business. This site includes a databank of best practices from all over Europe on topics like human rights, cause-related marketing, ethical principles, and community involvement. To give just one example of the site's capability, a search on the topic "reporting on CSR" came up with a dozen news articles available in full, plus a case study, and a list of 20 books and reports on the topic. One unique feature is the "CSR Matrix," which allows visitors to call up a complete social report on companies like IBM, Levi Strauss, or Procter & Gamble. The "matrix" is a grid, where the visitor clicks on one box to view the company's code of conduct, another box to see how the company interacts with public stakeholders, a third box to access the company's sustainability report, and so forth.

www.worldcsr.com is a World CSR portal offering one-stop access to the leading business-led organizations on corporate social responsibility in Europe and the U.S., including the two sites mentioned above. Another site on the portal -- www.business-impact.org -- offers a useful databank of links to related organizations, such as the Global Reporting Initiative, Institute for Global Ethics, and World Business Council for Sustainable Development. Readers can also subscribe to the Business Impact News e-mail newsletter.

www.responsibleshopper.org -- For individuals wishing to shop with or research responsible companies, Responsible Shopper from Co-Op America offers in-depth social profiles on countless companies. A report on IBM, for example, looks at everything from Superfund sites, toxic emissions, and worker benefits to laudatory activities. Different brand names for each company are listed, and social performance is summarized in letter ratings-as with IBM, which got an "A" in Disclosure, and a "B" in the Environment.

2. Social Investing

www.socialfunds.com -- Run by SRI World Group, Social Funds is the best social investing site on the web. A staff of reporters researches breaking news and posts it without charge. For socially responsible mutual funds, the site offers performance statistics plus fund descriptions. There's an investing center where you can build your own basket of social companies, plus a community banking center with information on savings accounts and money market funds with responsible banking organizations. A shareholder activism section offers a status report on social resolutions and is searchable by topic (equality, tobacco, militarism, etc.). Also available is a free weekly e-mail newsletter, SRI News Alert -- which goes beyond social investing. One recent issue, for example, looked at new labeling programs for clean-air office construction, an Arctic Wildlife Refuge resolution against BP Amoco, and why greener multinationals have higher market value. A new service from SRI World Group, offered jointly with Innovest Strategic Advisors, offers subscribers ($100 annually) ratings of companies in various industries, based on environmental and financial performance.

www.socialinvest.org -- This is the site of the nonprofit professional membership association, the Social Investment Forum, and is a useful pair to the above site. One unique feature is the collection of Moskowitz Prize-winning papers on research in social investing. The 2000 winner, for example, was "Pure Profit: The Financial Implications of Environmental Performance." Also available is a directory to help visitors find a financial adviser anywhere in the country; a mutual funds chart; a guide to community investing (showing resources by state and by type); and materials on SIF's campaign to end predatory lending. You can also access the Shareholder Action Network-which shows how to submit shareholder resolutions, and offers information on both current campaigns and past successes.

www.goodmoney.com -- Offering some unique investing features of its own is the Good Money site, which showcases the Good Money Industrial Average: a screened index which outperformed the Dow in 2000. Also available are social profiles and performance data for a variety of public companies-including the 400 companies in the Domini Social Index, companies with the best diversity record, the Council on Economic Priorities "honor roll" list, and signers of the CERES Principles (a voluntary environmental code of conduct). Another section on EcoTravel has dozens of links and articles.

3. Corporate Watchdogs

www.corpwatch.org -- For activists, this may be the best site of all. Calling itself "The Watchdog on the Web," CorpWatch offers news you may not find elsewhere on human rights abuses abroad, public policy, and environmental news-plus on-site reporting of protests. Its director Josh Karliner was nominated by Alternet.org (an alternative news service) as a Media Hero 2000, for using the web to fight the excesses of corporate globalization. CorpWatch puts out the bimonthly Greenwash Awards, and runs a Climate Justice Initiative, as well as the Alliance for a Corporate-Free UN. An Issue Library covers topics like the WTO and sweatshops, while the Hands-on Guide to On-line Corporate Research is useful for research ideas. A free twice-monthly e-mail newsletter updates readers on recent CorpWatch headlines. One recent issue of "What's New on CorpWatch" looked at topics like the World Bank's record, the protests at the World Economic Forum, California's deregulation troubles, plus the regular "Take Action" feature urging readers to send e-mails or faxes on a specific issue. To subscribe to the e-letter, send a blank message to corp-watchers-subscribe@igc.topica.com

www.corporatepredators.org -- Featuring Russell Mokhiber, editor of the weekly newsletter Corporate Crime Reporter, this site offers a compilation of weekly e-mail columns called "Focus on the Corporation," written by Mokhiber and Robert Weissman. They offer a valuable, quirky voice in corporate responsibility. Taking on topics not covered elsewhere, the columns have looked at how the chemical industry responded to Bill Moyers TV program on industry coverup, how little academic research focuses on corporate crime, and why it's inappropriate to legally view corporations as "persons." At this site (which also features the book Corporate Predators by Mokhiber and Weissman), readers can access weekly columns back through 1998. Subscribe free to the column by sending an e-mail message to corp-focus-request@lists.essential.org with the text "subscribe."

4. Labor and Human Rights

http://oracle02.ilo.org/vpi/welcome -- Sponsored by the International Labor Organization, this web site offers a new Business and Social Initiatives Database, compiling Internet sources on employment and labor issues. It covers topics like child labor, living wage, dismissal, investment screens, monitoring, international labor standards, glass ceilings, safe work, and so forth. It features information on corporate policies and reports, codes of conduct, certification criteria, labeling and other programs. A search feature allows visitors to retrieve information on specific companies, regions, and business sectors. This is one of the most comprehensive labor sites out there.

www.summersault.com/~agj/clr/ -- Sponsored by the Campaign for Labor Rights, this site keeps activists up to date on anti-sweatshop struggles and other pro-labor activities around the world. Particularly useful is the free e-mail newsletter Labor Alerts, which updates readers on recent news about trade treaties, plant shutdowns, labor organizing, job postings, upcoming protests, recent books, and so forth. One recent issue contained a "webliography" of sites about the pending creation of the Free Trade Area of the Americas (FTAA). To subscribe contact clrmain@afgj.org.

5. Progressive Economics

www.epn.org -- For the best thinking in progressive economic policy, this site managed by The American Prospect magazine is a one-stop source. It's the Electronic Policy Network, an on-line consortium of over 100 progressive policy centers nationwide, like the Center for Public Integrity, the Brookings Institution, the Financial Markets Center, and many more. (The focus of member groups is heavily though not exclusively economic.) A feature called Idea Central offers on-line bibliographies on topics like globalization, poverty, and livable cities. Certain topics get "Issues in Depth" treatment: One, for example, looks at campaign finance reform-including history, alternatives, and legal background, with numerous links to sites like a database of soft-money contribution, research from the Center for Responsive Politics, ACLU factsheets, and more. Another feature, "What's New," looks at recent reports and research papers by member policy centers-like a recent report from the Economic Policy Institute on privatization, or a report on state initiatives for children from the National Center for Children in Poverty. Readers can receive summaries of new research reports by subscribing to the e-mail EPN News; send an e-mail to majordomo@epn.org with "subscribe epnnews" in the message body.

www.neweconomics.org -- This valuable site is run by The New Economics Foundation (NEF), a UK nonprofit think tank created in 1986 to focus on "constructing a new economy centered on people and the environment." Different areas on the site focus on powerful tools for economic change, like alternative currencies, social investment, indicators for sustainability, and social accounting. A monthly web_based newsletter reports on topics like Jubilee 2000 (the movement to cancel the debt of developing nations), May Day plans, an "indicator of the month," and more. A new bimonthly e-briefing is called "mergerwatch," which looks at the hidden costs behind mergers, and who pays the price. Its first issue in April 2001 reported, for example, that a 1999 KPMG study showed 53 percent of mergers destroy shareholder value, and a further 30 percent bring no measurable benefit.

6. Employee Ownership

http://cog.kent.edu -- For researchers in employee ownership, the Capital Ownership Group site is indispensable. COG is a virtual think tank of individuals-including academics, employee ownership specialists, and business leaders worldwide-who aim to promote broadened ownership of productive capital. The site's library allows visitors to browse ongoing discussions, on topics like promoting employee ownership globally, getting economists more involved in issues of capital ownership, the role of labor in employee ownership, and more. The library offers hundreds of papers and research reports, on topics like labor-sponsored venture capital, employee governance, case studies, and much more.

www.nceo.org -- This is the site of the National Center for Employee Ownership, a nonprofit research and membership organization that is one of the best sources for employee ownership information. Its web library features a valuable introduction to the history of Employee Stock Ownership Plans (ESOPs), plus information on open book management, stock options, and alternatives to ESOPs. An "Interactive Introduction to ESOPs" lets visitors "chat" with an expert in the same way as if they spent fifteen minutes on the phone with a lawyer. Also available are a wealth of links to related sites, plus news and statistics on employee ownership.

www.fed.org -- The sponsor of this site is the Foundation for Enterprise Development -- a nonprofit started by Robert Beyster, founder of employee-owned SAIC -- which is an organization that aims to promote employee ownership. Its focus is not ESOPs but stock options and other forms of equity ownership. A monthly online magazine features profiles of employee ownership at specific companies, articles on developing an ownership culture, plus news. An e-mail service updates readers on headlines.

www.the-esop-emplowner.org -- From the ESOP Association-- a membership and lobbying organization -- this site offers a resource library, news of events, reports on legislative victories, and information on legislative initiatives. The site also offers information on the ESOP Association's political action committee, which since 1988 has helped candidates for federal office who support ESOPs and ESOP law.

7. Sustainability

www.GreenBiz.com -- Run by Joel Makower, editor of The Green Business Letter, Green Biz is the best site on progressive environmental business activities. It enables visitors to discover what companies are doing, and to access citations of countless web resources and reports, on topics like sustainable management, green auditing, EPA programs, pending legislation, clean technologies, recycling, and all things green. A new service features free job listing for environmental professionals. Get regular updates from a free e-mail newsletter, GreenBiz, published every other week.

www.rprogress.org -- Run by the nonprofit Redefining Progress -- which produces the Genuine Progress Indicator (as a counterpoint to GDP) -- this site offers news on topics like climate change, forestland protection, tax reform, and congressional influence peddling. Recent stories featured a proposal to promote market-based policies for reducing sprawl, a better way to return the government surplus, plus a look at Living Planet 2000 -- calculating the ecological footprints of the world's largest 150 countries. Numerous studies on environmental justice, tax fairness, and community indicators are available, plus links to other climate change sites.

www.sustainablebusiness.com -- The monthly on-line magazine Sustainable Business offers news on the "green economy," covering recycling, product take-back, legislative developments, and so forth. Other features are a database of "Green Dream Job" openings; plus a section to help green businesses find venture capital. A library features web sites, reports, and books.

www.cleanedge.com -- The new organization Clean Edge focuses on helping investors, industry, and society understand and profit from clean technology, like wind, solar, energy efficiency, and alternative fuels. The site offers news from 1,800 sources, stock trading information on 25 companies, plus lists of conferences, trade associations and research centers. The group's premier publication, "Clean Tech: Profits and Potential," reports that clean energy technologies will grow from less than $7 billion today to $82 billion by 2010.

8. Ethics

www.depaul.edu/ethics -- Sponsored by the Institute for Business and Professional Ethics at DePaul University, this site offers a large compilation of ethics resources on the web, categorized by topic; educational resources for teachers and trainers, including syllabi; faculty position announcements; calls for papers; a calendar of events; a list of other ethics institutes, and much more.

www.ethics.ubc.ca -- From the Center for Applied Ethics at the University of British Columbia in Canada, this site offers a particularly valuable compilation about ethics codes-featuring sample codes, guidance on writing a code, plus books and articles on the topic. Other features are links to ethics institutes, consultants, course materials, publications, and collections of articles.

www.ethics.org/businessethics.html -- Sponsored by the Ethics Resource Center, this site features valuable data from several business ethics surveys 1994_2000, information on character education for youth, a compendium of codes (coming soon), plus links to many ethics centers and organizations. A research bibliography covers topics like measuring success in an ethics program, or ethics in a global economy. And a provocative "Ethics Quick Test" can be taken on-line, with results available by e-mail.





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