Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

SOEs to report on corporate social responsibility

8 November 2007 Media Statement

SOEs to report on corporate social responsibility

The government today announced a formalised framework for Corporate Social Responsibility which will apply to all State Owned Enterprises (SOEs) and will be monitored and measured against targets, just like financial performance.

State Owned Enterprises Minister Trevor Mallard said the framework formalises programmes of work that are already undertaken by SOEs.

"The State Owned Enterprises Act requires SOEs to show a sense of social responsibility and to have regard to their communities as part of their objective to be a successful business. In this respect, their obligations go beyond privately owned companies.

"This new framework will see corporate social responsibility targets set in each SOE's annual Statement of Corporate Intent, which will then be independently monitored and reported against – as with the financial targets.

"Under the new framework, each SOE will be required to assess its impact on the society and environment in which it operates, and adopt specific corporate social responsibility programmes that are appropriate.

"In addition, any breaches of corporate social responsibility standards will have to be reported in company annual reports to ensure transparency of the process."

Trevor Mallard also announced that the upcoming 2008/09 Statement of Corporate Intent (effective from the start of each SOEs 2008/09 financial year) for each company will be produced in line with this framework, and shareholding ministers and officials would work with SOEs to achieve this.

He also noted there was a wealth of evidence that showed good corporate social responsibility programmes and practice could add value to a business operation.

"There is a lot of good work currently being undertaken in this area by SOEs, such as the Genesis Oncology Trust and the distribution of 1 million freepost envelopes last year to community groups by NZ Post. The formalised framework allows programmes such as these to be monitored and reported against."

Ministers are expected to review how the corporate social responsibility framework is reflected in the new Statements of Corporate Intent in August 2008.

The cabinet paper is available on http://www.ccmau.govt.nz/key-documents.html

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Election Day Is Upon Us

On Saturday New Zealand will hold its 52nd election.

Despite differences over the county’s direction and how to get there, being part of a representative democracy is still a precious right.

The politicians and their supporters have had their say.

Many people have exercised their right to vote already and the rest will have their chance until the polls close on Saturday.

Then the results will begin to roll in…


Election Night Results

Advance Voting Statistics

General Election Information: Voters - Who, When And Where

 
 

From The Hood: The Campaign Strategist’s Lament

"This election is a chance to really work the record of what nine years of National-led government has done to improve the country for everyone. Or will do. Another three years, maybe six. Thirty-three years, tops. You don’t want to risk that, do you? More>>

PSA Report: National Gets An ‘F’ For Health Funding

"Seeing National’s record on health collected in one place is quite sobering - it’s clear that underfunding is having dire consequences on both patients and staff, who are having to do more than ever with less," says Glenn Barclay, PSA national secretary. More>>

ALSO:

Children With Disabilities: Education Crisis Unaddressed

In 2008 IHC lodged its complaint against the on-going failure of New Zealand Governments and the Ministry of Education to ensure that disabled children access a quality education on an equal basis to others in New Zealand schools. More>>

Gordon Campbell: Ten Reasons For Not Voting National

if anyone you know is thinking of voting National in Saturday’s election, there’s still time for an intervention. You owe it to your friends and relations to intercede. Because there’s plenty of evidence on National’s mediocre-to-awful track record over its nine years in power. We can’t afford another three years of drift. More>>

ALSO:

Suffrage Day: PSA National Secretaries Vote For Equal Pay

PSA national secretaries Erin Polaczuk and Glenn Barclay are advance voting for the 2017 election alongside their daughters, with equal pay and fairness in mind on the 124th anniversary of women’s suffrage in New Zealand. More>>

ALSO:

Charge Protests: Dairy Farms Use Same Amount Of Water As 60 Million People

Using Dairy NZ numbers, economist Peter Fraser and agricultural consultant Dr Alison Dewes calculate the water consumption of New Zealand dairy farms is equivalent to the residential use of 60 million people. More>>

ALSO:

Greenpeace: Labour, Greens Commit To Canterbury Democracy

Labour MP Megan Woods is promising to return Canterbury’s regional council, ECan, to a democratically elected council. It follows a mass day-long occupation of the ECan building by local water activists calling for the restoration of democracy and urgent action to save rivers. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog
More RSS News Alerts