1 Introduction & CSR
Definitions
Date October 29, 2025
Speaker Bernd Hendriksen
Week 1
CSR often targets opinion formers such as the media, politicians, and
pressure groups, and focuses on balancing current stakeholder interests.
Sustainability takes a more holistic approach, considering the social
impacts from business alongside the environment and economy.
Trends in CSR
Moving from
Company → supply chain
Environment → social impacts
Check-the-box → making-an-impact
Top-Down Bottum-Up
Nice-to-have → need-to-have
CSR director CFO and CEO
The Quest for Purpose
In search of the Why
Sustainability as a Source of Purpose
Talent Attraction and Retention
Purpose statement formulation
Example companies: Tonys chocolonely, Patagonia, Interface
1 Introduction & CSR Definitions 1
, The CSR Hierarchy
Economic responsibility: To produce an acceptable return for investors
Legal responsibility: To act within the framework of laws and regulations
drawn up by the government and judiciary
Ethical responsibility: To do no harm to its stakeholders and within its
operating environment.
Discretionary responsibility: Companies have more pro-active, strategic
behaviors that benefit themselves or society, or both
The next section mentioned in lecture is already covered in my book
summary Ch , 64
Principles for Responsible Investment
Principle 1 We will incorporate ESG issues into investment analysis and
decision making processes.
Principle 2 We will be active owners and incorporate ESG issues into our
ownership
policies and practices.
Principle 3 We will seek appropriate disclosure on ESG issues by the entities in
which
we invest.
Principle 4 We will promote acceptance and implementation of the Principles
within
the investment industry.
Principle 5 We will work together to enhance our effectiveness in
implementing the
Principles.
Principle 6 We will each report on our activities and progress towards
implementing
the Principles.
1 Introduction & CSR Definitions 2
, 2 Reporting Frameworks & KPIs
Date November 5, 2025
Speaker Usha Ganga
Week 2
Sustainability doughnut
= visual framework showing humanity's goal: live within the safe space
between a social foundation and an ecological ceiling, represents a thriving,
sustainable world
Critical human deprivation
The social foundation
The safe and just space for humanity
The ecological ceiling
Critical planetary degradation
Shift: Change to integrated thinking
2 Reporting Frameworks & KPIs 1
, Changing business reality in the global capitalistic system
Create and protect value for long-term business success
1970s Shareholder value
a Maximum shareholder value
b Business, environment, society fully separate
Late 1990s: Holistic risk management added
2020 Integrated management
TCFD
The task force on climate related financial disclosures is founded by the
financial stability board of the bank of England
Proposed requirements to report on climate risks
Requirements are useful for all types of companies
2 Reporting Frameworks & KPIs 2
Definitions
Date October 29, 2025
Speaker Bernd Hendriksen
Week 1
CSR often targets opinion formers such as the media, politicians, and
pressure groups, and focuses on balancing current stakeholder interests.
Sustainability takes a more holistic approach, considering the social
impacts from business alongside the environment and economy.
Trends in CSR
Moving from
Company → supply chain
Environment → social impacts
Check-the-box → making-an-impact
Top-Down Bottum-Up
Nice-to-have → need-to-have
CSR director CFO and CEO
The Quest for Purpose
In search of the Why
Sustainability as a Source of Purpose
Talent Attraction and Retention
Purpose statement formulation
Example companies: Tonys chocolonely, Patagonia, Interface
1 Introduction & CSR Definitions 1
, The CSR Hierarchy
Economic responsibility: To produce an acceptable return for investors
Legal responsibility: To act within the framework of laws and regulations
drawn up by the government and judiciary
Ethical responsibility: To do no harm to its stakeholders and within its
operating environment.
Discretionary responsibility: Companies have more pro-active, strategic
behaviors that benefit themselves or society, or both
The next section mentioned in lecture is already covered in my book
summary Ch , 64
Principles for Responsible Investment
Principle 1 We will incorporate ESG issues into investment analysis and
decision making processes.
Principle 2 We will be active owners and incorporate ESG issues into our
ownership
policies and practices.
Principle 3 We will seek appropriate disclosure on ESG issues by the entities in
which
we invest.
Principle 4 We will promote acceptance and implementation of the Principles
within
the investment industry.
Principle 5 We will work together to enhance our effectiveness in
implementing the
Principles.
Principle 6 We will each report on our activities and progress towards
implementing
the Principles.
1 Introduction & CSR Definitions 2
, 2 Reporting Frameworks & KPIs
Date November 5, 2025
Speaker Usha Ganga
Week 2
Sustainability doughnut
= visual framework showing humanity's goal: live within the safe space
between a social foundation and an ecological ceiling, represents a thriving,
sustainable world
Critical human deprivation
The social foundation
The safe and just space for humanity
The ecological ceiling
Critical planetary degradation
Shift: Change to integrated thinking
2 Reporting Frameworks & KPIs 1
, Changing business reality in the global capitalistic system
Create and protect value for long-term business success
1970s Shareholder value
a Maximum shareholder value
b Business, environment, society fully separate
Late 1990s: Holistic risk management added
2020 Integrated management
TCFD
The task force on climate related financial disclosures is founded by the
financial stability board of the bank of England
Proposed requirements to report on climate risks
Requirements are useful for all types of companies
2 Reporting Frameworks & KPIs 2
