CSR, ESG and human rights reporting and initiatives
CSR, ESG and human rights reporting and initiatives

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • CSR, ESG and human rights reporting and initiatives
  • Sustainability toolkit
  • Defining CSR and ESG
  • Human rights
  • Drivers for CSR and ESG
  • Legislation
  • CA 2006, s 172
  • Strategic report
  • Non-financial information statement
  • Companies (Miscellaneous Reporting) Regulations 2018
  • More...

Sustainability toolkit

We have produced a sustainability toolkit, which aims to help practitioners advising businesses on sustainability, by bringing together content from a number of Lexis®PSL Practice Areas (subject to subscription). For further details, see: Sustainable business toolkit.

Defining CSR and ESG

Corporate social responsibility (CSR), also known as corporate responsibility or corporate citizenship is a business management or governance concept whereby an organisation aims to create a positive impact, through its commercial activities, on its environment, consumers, employees, and other stakeholders.

CSR was defined by the Department for Business, Innovation and Skills (BIS) in its paper, Good for Business & Society: Government Response to Call for Views on Corporate Responsibility (April 2014) (BIS Report) (which followed up on its Call for Views on Corporate Responsibility in June 2013) as:

'…the voluntary action businesses take over and above legal requirements to manage and enhance economic, environmental and societal impacts. It is about being a responsible business and as a part of an integrated and strategic approach creates shared value for business and society.'

Environmental, social and governance (ESG) is an umbrella term used to refer to the environmental, social and governance issues or aspects of an activity. The term is closely aligned with the concept of CSR and ‘responsible investment’. For further details, see Practice Note: Environmental social governance—the investment market.

Today businesses ignore CSR and ESG considerations at their peril.

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