Word: cerese
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Badaracco said the ACSR also spent a considerable amount of time on environmental issues. Much of the discussion centered on proposals that asked companies to adopt the corporate code of conduct established by the Coalition for Environmentally Responsible Economies (Ceres).
Public-interest groups like the Coalition for Environmentally Responsible Economies (CERES), based in Boston, are scrambling to issue guidelines and standards. CERES, a coalition of more than 50 investor, environmental, religious, labor and social-justice groups, has launched a global-reporting initiative to set environmental benchmarks for corporate reports. London...
Any group attempting to write a widely accepted set of standards faces a rough task. Standards must be rigorous enough to satisfy pressure groups, yet realistic enough for corporations to find them affordable and achievable. Moreover, the canons are proliferating, and will soon begin to clash with one another. The...
Also, for the first time, the ACSR reccommended approving proposals that ask companies to endorse the Ceres Principles, a code of conduct for the environmentally sound performance of corporations. The ACSR had previously called the Principles poorly written and too hard for companies to implement.
As a result of this bill, President Robert M. Hyman '98 will urge the Corporation to adopt CERES policies in the future.