Co-written by Adam Fenner
The Association of British Insurers, (the "ABI"), has published a new report on the relevance of corporate social responsibility ("CSR") and issued an accompanying set of investment guidelines. The following constitutes an examination of the concept of CSR, its current prominence in the corporate realm, and the possible impact of the ABI’s recommendations.
Corporate Social Responsibilty - An Introduction:
The notion of CSR is one that is increasingly in the ascendancy. In essence, it is concerned with a company’s awareness and handling of social, ethical and environmental matters ("SEE matters"). These matters harbour potential risks, detrimental to a company’s performance, and it is the minimisation of a company’s exposure to those risks, that is at the crux of CSR.
