Friday, February 11, 2005

Results from Corporate Responsibility Survey

Oracle and Economist Intelligence Unit Announce Results from Corporate Responsibility Survey

According to a new study released today by Oracle Corporation and the Economist Intelligence Unit, 85 percent of executives and investors rank corporate responsibility as a central consideration in investment decisions. The study, "The Importance of Corporate Responsibility," surveyed 136 executives across numerous industries and 65 investors to examine the influence of corporate responsibility in the global business community.

One quarter of all Global Fortune 500 companies now produce some type of report that charts their environmental, social or sustainability efforts. The increased presence of corporate responsibility in daily business operations is being driven by a variety of factors, such as the erosion of trust in large corporations, the globalization of business, the corporate-governance movement, the rise in importance of socially responsible funds and sheer competitive pressures.
See Press Release and also see CSRwire posting.