What is CSR?
A self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public.
What is corporate social responsibility?
Creating shared value.
What is the title of Nestle’s report?
To create a better everyday life for many people.
What is IKEA's vision?
A periodical report published by companies.
What is a CSR report?
Something that IKEA does better than Nestle.
What is reporting on corporate social responsibility?
For individuals, families, communities and the planet.
What are Nestle’s 2020 commitments?
The United Nations Global Compact Principles.
What are IKEA's plan aligned with?
CSR reports aim to enable companies to measure the impact of their activities on the environment, society and the economy.
Why are CSR reports necessary?
Software.
What is a tool that can quickly and efficiently analyze the success of a company’s CSR efforts?
Nutrition, water and rural development.
What are Nestle’s greatest potentials for success?
A set of ten principles in the areas of human rights, labour, environment and anti-corruption.
What are the United Nations Global Compact Principles based on?
Obtaining energy consumption info from meters, invoices or service providers.
What is data collection?
Helps communicate the organization's efforts with the public.
How is CSR used by companies as a communication tool?
“In order to create long term value for shareholders, we have to create value for society”.
What is Nestle’s creating shared value concept?
Only targeted towards stakeholders and investors, not broader audiences.
What are one of the main weaknesses in IKEA’s plan?
Employees, investors, media, and NGOs get to know better what are the short, medium and long-term goals of companies and make more informed decisions.
What does a CSR report allow stakeholders to accomplish?
Length, transparency and complex financial statements.
What are some common weaknesses witnessed in CSR reporting?
Statements are difficult for the average person to digest, so there needs to be some clearer language if these reports are meant to be improved and understood.
What is the main weakness with Nestle’s financial statements?
IKEA now publishes a yearly “Ingka Group Annual and Sustainability Report”.
What are one of IKEA’s main elements of report?
Financial statements, comparisons to previous years, letter from the president/CEO.
What are three key elements of a CSR report?