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Corporate Social Responsibility in the U.S. Consumer Electronics Industry. 16 th Annual World Electronics Forum 8-10 January 2011 – Las Vegas. Outline of Presentation. Corporate social responsibility Industry sustainability report Conflict minerals issue. Corporate Social Responsibility.
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Corporate Social Responsibility in theU.S. Consumer Electronics Industry 16th Annual World Electronics Forum 8-10 January 2011 – Las Vegas
Outline of Presentation • Corporate social responsibility • Industry sustainability report • Conflict minerals issue
Corporate Social Responsibility • Goal for company is to embrace responsibility for its actions and encourage a positive impact through its activities on the environment and the public.
Environmental Sustainability Reporting • First report for consumer electronics industry in 2008
2010 Report • Product design • Packaging design • Facilities • Transport and delivery • Energy efficiency • Recycling
2010 Report • Social contributions Volunteerism Contributions Economic development
2010 Report • Social contributions • Value of cash and products donated by ten largest CE companies in 2009: USD 882 million
2010 Report • Corporate sustainability reporting • Communicate information in a proactive and transparent way • Reporting framework and guidance (for example, Global Reporting Initiative)
“Conflict Minerals” • Background • New financial reform law in U.S. • New regulations (due in spring 2010) require companies to determine and disclose origin and use of “conflict minerals” • Important to avoid burdening trade
“Conflict Minerals” • Private sector initiatives: Global e-Sustainability Initiative (GeSI) and Electronic Industry Citizenship Coalition (EICC) announced a “Conflict-Free Smelter (CFS)” program in December 2010
Conclusion • Corporate social responsibility is important for trade associations as well as companies • Industry-level sustainability reports are positive and helpful • New laws require industry engagement but also offer opportunity for industry initiatives