Mensagens

A mostrar mensagens de julho, 2009

Ethics and Social Responsibility, a way to fight crisis?

Sustainability and management best practices indexes and reporting We can identify some enterprises, namely in the paper and forest industry, to use some special kind of Key Indexes or Best Practices Reporting Systems integrated in their annual reporting to stakeholders. One case is Stora Enso, a Finnish company, which is listed in the Dow Jones Sustainability Index (DJSI) since 2001. This DJSI assesses the economic, environmental and social aspects of some of the world´s largest companies. Stora Enso has been included also in the FTSE4 Good Index series, since 2001. FTSE4 Good Index series, focus on environmental management, human and labor rights, supply chain labour standards and efforts to counter bribery. Another wood, pulp and paper supplier, the Swedish Holmen Paper as well as Stora Enso, are also examples of using the Global Research Initiative (GRI), to transparently announce to this stakeholders the commitment to a sustainable and responsible management. GRI Indicators includ

Inovation, a way to fight the crisis

An interesting model to increase employee´s awareness and to push for their ideas and creativity, is the scheme implemented by Holmen and reported in the last Holmen Report. Any employee can submit an idea and Holmen Paper receive more then 170 suggestions per year. The suggestions are scrutinized by management with the Unions involvement. For the suggestions that are considered useful, there is a reward in the compensation, which is calculated by the difference between investment and first year profit. This means for Holmen a one year payback of the investment and for the employee a bonus in his compensation. This is a “win-win” relation, keeps motivation high and creates a climate of transparency.