In its second annual Corporate Social Responsibility report, the Department of Trade & Industry, spelled out initiatives to ensure the ‘creation of an integrated socially responsible business environment’.
These include ensuring the regulatory and financial frameworks do not stifle CSR activities, and working in partnerships with business and communities to encourage such activities.
Other regulatory measures include changes to the payroll giving system, which has seen donations climb by 50%, the Community Investment Tax, announced in the Budget, and a £40m venture fund to support businesses in deprived areas.
Furthermore the Company Law Review is designed to play a key role in ensuring company directors adopt high standards of corporate governance.
Douglas Alexander, minister for corporate social responsibility said: ‘CSR offers a new alternative to the idea that economic and social goals must always be in conflict. It offers an integrated approach to business in the modern world.’
The findings of the report were welcomed by both the Confederation of British Industry and CSR organisation, Business in the Community.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements