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How CSR Supports Strategic Goals Achievement

Jan 10, 2019 01:01 PM
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| G4S | Prosegur | Securitas AB |

We took the annual reports and plans of three member companies (Prosegur, G4S and Securitas AB - just a selection) and analyzed them.  We unfold the similarities and the differences from their overall plan. Breaking down the integrated CSR approaches along with business ethics, and the code of ethics shows interesting aspects towards: 

Leadership in respect to CSR

  • Risk assessment
  • Materiality assessment
  • Culture
  • Value
  • Societal impact
  • CSR Governance
  • Code of conduct and Governance

We found, that the CSR frameworks of all of them are fully integrated into their strategies and can serve as models in the industry. 

Compliance and ethics programs are most effective when they cover all the following three areas of interests; government/regulators, employees, and business. Then they meet at the point of interception of the benefits of all stakeholders, and they are also a strong and fully integrated part of the overall strategy of any of the corporations. 

 

Sustainability Goals and the Overall Corporate Strategies 

Prosegur General - Goals the company seeks with its Corporate Responsibility Policy is to stimulate fulfillment of its strategic objectives through responsible and sustainable practices to serve as an example in the markets where it operates. To establish stable and trust-based relationships with its stakeholders; relationships based on values such as customer orientation, transparency, excellence, leadership, and teamwork; to appropriately manage the opportunities and risks stemming from its activity while safeguarding the interests and assets of stakeholders; to help improve the reputation as a company that generates overall value and prosperity and makes a significant social and economic difference with its activities. 
Going one step further into the details and having a look at the Prosegur Corporate Responsibility Policy. 

The General Goals (page 2/8 of the above mentioned policy)

  • To stimulate fulfilment of its strategic objectives through responsible and sustainable practices so as to be regarded as an example in the markets where it operates.
  • To establish stable and trust-based relationships with its stakeholders; relationships based on values such as customer orientation, transparency, excellence, leadership and team work.
  • To appropriately manage the risks and opportunities stemming from its activity while safeguarding the assets and interests of its stakeholders.
  • To help improve its reputation as a company that generates prosperity and comprehensive value and makes a significant economic and social difference with its activities.
  • To encourage a culture that imposes strict ethical and compliance guidelines toward society whereby processes, habits and practices are constantly reviewed.

 

G4S takes a fully-integrated approach to its strategy and Corporate Social Responsibility. Their CSR approach covers a broad range of areas, with three material priorities: health and safety, human rights and anti-bribery and corruption. Underpinning our culture are the Group's values which govern and guide the conduct of everyone at G4S. 
The well-being and safety of our employees and those in our care remain a crucial priority for the Group executive and global leadership teams. We continue to encourage colleagues to “Speak Out” if they are aware of behavior which is not consistent with our values or policies. 



Securitas AB, focus areas on its way to lead, contains customer relations, transparency, organizational integrity and accountability, ethical business practice and long-term profitable growth. Part of that `how to lead` framework, they mention compliance beyond and risk assessment. 
Taking a closer look at integrating sustainability priorities, environmental, social and governance areas are part of their well-developed management system. The management system includes values and ethics code, employee training, systems in place for non-compliance, risk management, monitoring, accountability and a firm stance in anti-corruption measures, setting high standards, through policies in emissions and supplier and subcontractors relations, and maintain a high integrity. 



Conclusion:
The sustainability goals of the compared three members are an integrated part of their overall corporate strategies. All of them follow the United Nations Global Compact and the Ten Principles in the areas of human rights, labour, environment and anti-corruption. Prosegur signed the UNGGC in 2002 and is also an Executive Committee Member of the Spanish Global Compact Network. G4S signed the same in 2010, and Securtas AB is also a signatory of the same. 

The stated  purpose  of taken from Prodsegur’s CR policy reflects and summarizes the management responsibility well and is applicable as a conclusion of the others too:  „We believe that responsible management must play a fundamental role in corporate culture.  The Company knows that while performing its activities it must focus on those matters of a social, environmental or financial nature that are relevant and influence decisionmaking for its stakeholders“.

With a quote from Price Waterhouse Cooper (PwC) we conclude. "Ethics and compliance programs must grow out of a company’s business goals and become ingrained in its culture.“ They cannot be an 'add-on' to legal or CSR or HR departments only. It is the duty of the CEO and the board itself to lead by example. 

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