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TCBCO was founded by a group of pragmatic idealists in 2007, in Ottawa, Canada. Inspired by a CSR conference at the University of Ottawa and diverse work experiences, we came together with a vision of applying corporate social responsibility to the mainstream corporate world.
Pragmatic Idealists?
- Idealist: We believe that human rights, environmental sustainability and community values should underly all decisions and actions of individuals, business, government, and NGOs.
- Pragmatic: We understand that incorporating these values into decision making may appear to cost a great deal. Therefore, we view each opportunity with a cost/benefit lense. Costs include the cost of altering processes to conform with CSR standards and the risks of not meeting CSR standards. Benefits include efficiencies, greening of our partners reputations, and improvements to the competitive and living environment.
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TCBCO believes that the Advisory
Group Report presents two possible courses for the future of CSR and
Extractive industries: a high road of responsibility or a low road of
the status quo, which will lead to disaster. If
the reports recommendations are accepted, and implemented by
Parliament, then
there will be better oversight, more monitoring, changes in enforcement
of Canada's domestic laws overseas, and changes in how the government
values CSR. All of these changes have the potential to improve the reputations
and practices of Canadian companies abroad.
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... It would be unfair for
the law to make banks liable for all of their borrowers bad acts, but there is
at least one important set of principles, the Equator Principles, which are
taking a step towards reducing the downside of project lending. They accomplish
this through requiring project pre-loan assessment, reporting, monitoring and
compliance. This has the possibility of reducing risk and increasing accountability
of banks and their clients. There are possible criticisms of the EPs, but they
are a starting point and hopefully a road towards better and better
environmental and human rights practices.
--> See All Publications
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Fair Trade, sustainable food, local, organic, delicious - which label matters to you?
The way that our food is produced is often less than ethical. Child labour, toxic pesticides, un-free labour and just plain old economic power imbalances create conditions that fly in the face of sustainability in all its senses.
Please consider visiting a sister site to TCBCO.ca
Fun, Green and Fair
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TCBCO Comment: How can CSR reports be communicated, vetted, and understood by a corporation's stakeholders?
- CSR reporting is a step towards corporate accountability and provides an opportunity for firms to build their public and brand images, but what happens when there are 10's of thousands of reports produced every year?
- The internet provides an opportunity to create searchable databases of reports - and critiques
- The media has to play a role in calling attention to good and bad reports
- NGOs can use the results of reporting to build campaigns
- This article looks at the Global Compact - Communication of Progress (COP) initiative - "detailing efforts
made in implementing the Global Compact’s ten universal principles in
business strategy and operations."
- According to GlobeScan's 2004 report, consumers are reading CSR reports as well.
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In Canada,
credit and debit (ATM) cards are king. We put our money in, the banks pay no
interest and they charge us to take it out. This is a topic of some controversy
in Canada
media. A topic that gets less media play but actually damages more people is the
effect of project loans on communities and the environment. It would be unfair for
the law to make banks liable for all of their borrowers bad acts, but there is
at least one important set of principles, the Equator Principles, which are
taking a step towards reducing the downside of project lending. They accomplish
this through requiring project pre-loan assessment, reporting, monitoring and
compliance. This has the possibility of reducing risk and increasing accountability
of banks and their clients. There are possible criticisms of the EPs, but they
are a starting point and hopefully a road towards better and better
environmental and human rights practices.
1. What are the Equator Principles?. 1
2. Equator Principles are full of holes. 2
3. Bottom line - the Equator Principles are a step towards
stronger CSR.. 3
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