The increased prevalence of such movements and heightened concern with ethical or responsible investing has led many companies to produce annual corporate accountability reports. FTSE4Good Index Series is a series of equity indexes that include companies that meet globally-recognized social responsibility standards such as ESG. This prompted both public outcry at television and radio advertisements for luring in new smokers without giving equal weight to the views that smoking is dangerous, as well as an exhaustive Office of the Surgeon General report that outlined the specific health hazards of smoking. The accountability gapCompanies have lobbied governments to create international investment, trade and tax laws that protect corporate interests. Corporate accountability reports can serve as good publicity for a company. The Nuclear Regulatory Commission and the Shoreham Power Plant, Making a Real Killing: Rocky Flats and the Nuclear West, Nuclear Implosions: The Rise and Fall of the Washington Public Power Supply System, https://en.wikipedia.org/w/index.php?title=Corporate_Accountability_International&oldid=970102095, Consumer organizations in the United States, Environmental organizations based in the United States, Government watchdog groups in the United States, International sustainability organizations, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 July 2020, at 08:04. Impacting investing aims to generate specific beneficial social or environmental effects in addition to financial gains. The work of Corporate Accountability International and allies contributed to the passage of the World Health Organization's International Code of Marketing of Breast-milk Substitutes in 1981. The two terms are sometimes confused or seen as synonymous. 05/20/2020. Corporate Accountability (formerly INFACT, Corporate Accountability International) is a non-profit organization, founded in 1977. The concepts of corporate accountability are important for those concerned with ethical investing. ICAR Statement on Recent Anti-Racism Protests in the United States. Furthermore, unstandardized terms of corporate accountability have encouraged businesses to pursue CSR while disregarding or completely evading accountability. But the same companies frequently argue against any development in international law and standards to protect human rights in the context of business operations.Companies are taking advantage of weak regulatory systems, especially in developing countries, and it is often the poorest people who are most at risk of exploitation. Their campaign headquarters are in Boston, Massachusetts and they have offices in Oakland, California, Seattle, Washington, and Bogotá, Colombia. International Code of Marketing of Breast-milk Substitutes, Deadly Deception: General Electric, Nuclear Weapons, and Our Environment, "US: General Electric Expose Garners an Oscar", "New Day Films: Deadly Deception - General Electric, Nuclear Weapons, and Our Environment", "Mayor to cut off flow of city money for bottled water", "Ronald McDonald and Retirement - Group Protests, Wants Icon Out", Environmental, social and corporate governance, Anti-nuclear movement in the United States, Institute for Energy and Environmental Research, Conservation Fallout: Nuclear Protest at Diablo Canyon, Critical Masses: Opposition to Nuclear Power in California, 1958–1978, Licensed to Kill? Corporate Accountability (formerly INFACT, Corporate Accountability International) is a non-profit organization, founded in 1977. Corporate Accountability. "[3], Corporate Accountability's Think Outside the Bottle Campaign has been supported by Salt Lake City mayor Rocky Anderson, who has also begun his own “Knock Out Bottled Water” website,[4] Latest ICAR & Partner News. [5] Corporate accountability refers to a publicly traded company's performance in non-financial areas such as social responsibility and sustainability. Such responsibilities include the negative duty to refrain from causing harm to the environment, individuals or communities, and the positive duty to protect society and the environment—by protecting the rights of workers and communities affected by business activities, for example. There is no clear format for these reports, and they vary widely from industry to industry. Learn More . Corporate Accountability International is a left-wing advocacy organization founded in 1977 to lead a boycott of Nestlé after it ran a marketing campaign for infant formula that contributed to the deaths of children. Historically, passing such legislation has required a concerted public effort to convince politicians to regulate particular practices. Subsequent campaigns have lobbied for other public health initiatives, environmentally sound or sustainable business practices, and social justice issues such as employee exploitation and bribery and corruption. Common report features include sections on the treatment of employees, efforts to produce goods or provide services in a sustainable way, company culture and internal management, and quantitative estimates of the externalities—both good and bad—of companies' business practices. Corporate Social Responsibility (CSR) vs. Corporate Accountability, Corporate Citizenship: What You Should Know. Corporate Accountability spends more than 90 percent of all contributions directly on programs, while less than 10 percent provide essential support services, resulting in the highest marks from rating agencies.