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The Top Corporate Social Responsibility Stories of 2007

The Top Corporate Social Responsibility Stories of 2007

"We all believe that markets must play a central role."
-Al Gore

January 3, 2008 —

CSR Wire has released its list of the top corporate social responsibility stories of 2007. This year the dominant issue was sustainability, with corporations around the world scrambling to develop eco-friendly images and green technology and energy projects proving that sustainable can also be profitable. Here are some of the highlights:

  • Fresh off of his Nobel Prize victory, Al Gore joined the Silicon Valley venture capital firm Kleiner Perkins, underscoring his belief that "markets must play a central role" in the fight against climate change.
  • Deutsche Bank, F&C, HSBC, Schroders, and Virgin Money all launched climate funds seeking to profit from mitigating and adapting to climate change.
  • Nike returned to Pakistan, where it had dropped a supplier of hand-stitched soccer balls over persistent labor problems, including child labor. The new supplier agreed to abide by robust labor standards, including full-time work with benefits and freedom to unionize and bargain collectively.
  •  Companies increasingly recognize that their responses to the climate crisis may well determine their fates, as demonstrated by the growing number of firms joining the US Climate Action Partnership (USCAP), which calls on Congress to set a carbon cap.

Here are some stories we think should have made the list:

  • McDonald's reached an agreement with the Coilition of Immokalee Workers to pay farm workers who pick McDonald's tomatos a penny more per pound — nearly a 100 percent raise. The workers faced a setback in November though, when the Florida Tomato Growers Exchange attempted to force its members to withdraw from any deals reached with the CIW. The issue is yet to be resolved.
  • More than 150 global corporations joined forces to draft the Bali Communique, a resolution calling on world leaders meeting at the United Nations conference on climate change to adopt a mandatory 50 percent decrease in carbon emissions by 2050.
  • Google announced a massive investment in renewable energy technologies under a program called "RE<C."

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