SustainAbility has just published a study on "The Changing Landscape of Liability: A Director's Guide to Trends in Corporate Environmental, Social and Economic Liability". This study looks at the link between CR/SD and strategic social/environmental risk management. One of the significant recommendations is for companies to shift from passive to active CSR as a best way to mitigate risk to shareholder's value from society's increasing expectations of social, environmental and economic responsibility.
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