Corporate social investment (CSI) consultancy Next Generation reports that, despite the private sector’s R50-billion injection into CSI initiatives in 2010, no dramatic shift in community wellbeing is evident in South Africa. Next Generation director Reana Rossouw notes that, according to the Millennium Development Goals’ 2010 ‘Country Report’, nearly 25% of South Africans live below the [...]
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Sustainability reporting – the untapped window of opportunity
By Reana Rossouw, Next Generation Consultants This emphasis also brought about a shift in the milieu of sustainability reporting. Reporting practices mushroomed in the past decade. According to CSR Insight only 300 companies reported on sustainability matters in 1996. Today nearly 4500 organisations disclose their non-financial data, according to the Global Reporting Initiative (GRI). Sustainability [...]
Social Economic Development – Journey to Excellence or Road to Nowhere?
The term ‘best practice’ is fast becoming one of those catchphrases that management seems to use in every second meeting. “We need to adhere to global best practice in safety…”, “It is not considered best practice to do this…”, “Environmental best practice asks of organisations to…” – and so the list goes on. To adhere [...]
King III Integrated Report: why it’s crucial to plan ahead- from a thought leader’s perspective
The nature of corporate reporting has evolved tremendously over the past few years and now even more so since the inception of King III in March 2010, which stipulates that listed companies should submit an Integrated Report. Many have subsequently dubbed Integrated Reporting as a complex process. But the rationale behind Integrated Reporting was not [...]
