Corporate responsibility should be an integral part of your strategy for maintaining long-term profitability.

Purpose

Corporate Responsibility (CR) is a concept whereby organisations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and the environment in all aspects of their operations. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organisations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and society at large.

Benefits

Sustainable performance through CR has become pre-requisites to stay in business for the long run.

Sustainable development is high on the management agenda through higher demands and expectations on corporate responsibility from various stakeholders. A sustainable development approach will improve branding and competitiveness, and create business opportunities for companies – thereby increasing value for shareholders.

Companies all over the world are affected by the increased focus on corporate responsibility, sustainability and climate change issues. This affects regulators, operators, suppliers and value added service providers alike. Having a bad social or environmental image can be just as damaging as low quality products. Consumers do not want to be identified with products that have a negative impact on the environment or buy products from companies that exploit workers or resources.

Bad press in one country might have global consequences and a responsible corporate behaviour is necessary globally across all production sites and facilities. Economic interests have to be balanced with social and environmental concerns.

Features

DNV’s CR solutions may include some of these services:

Corporate governance
• Assessment and improvement of company governance framework
• Assessments and improvement related to SOX

Corporate social responsibility
• Assessment and improvement of framework and sustainability reporting
• Verification of sustainability reports

Climate change
• Greenhouse gas inventory verification
• Voluntary emission reduction verification
• Certification of energy management systems (e.g. SS 627750)
• Advice and improvement related to improved energy management

Environmental management
• Certification of environmental management systems (ISO 14001, EMAS)
• Assessment and improvement of environmental management systems

Ethical supply chain
• Risk management of supply chain
• Verification against Code of Conduct; second party audit
• SA8000 and Business Social Compliance Initiative certification; third part audit

Fraud & corruption resistance
• Assessment and improvement of fraud & corruption framework

Health & Safety
• Product safety and sustainability
• Occupational health & safety