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Corporate Social Responsibility (CSR) is now a major item on the CEO’s agenda; no annual report is complete without making reference to CSR performance. And yet, we hear it time and again in our procurement community: CSR is complex and can mean different things, it can be expensive and is hard to measure, and why does it matter anyhow?
To address these concerns and others, we just launched Corporate CSR Motives and Objectives, which forms the first report in a four-part series entitled Corporate Social Responsibility in Procurement. The research is based on a survey of 296 senior procurement and CSR/sustainability executives around the world conducted in Q3 2012. Report I provides an introduction to CSR, the motivations behind companies considering CSR activities and an overview of the basic considerations companies have put into place. Key finding of the research include:
A further three reports will focus specifically on procurement’s role in CSR, including Part II (CSR standards), Part III (Functional practices) and Part IV (Enforcement techniques).