MOSSThe Future of CSR in AustraliaNotes for CSR summit dinner 2006

Slide 2The Future of CSR in AustraliaPricewaterhouseCoopers Legal

November 2006

Overview

• CSR drivers• CSR components (developing differently)

- Environment- Social - Governance

• CSR needs

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Slide 3The Future of CSR in AustraliaPricewaterhouseCoopers Legal

November 2006

CSR Drivers

• Expanding role of corporations / Retreat of Governments- PPPs / Privatisations

• Declining trust in corporations & government- NGOs often most credible voice in public mind- Demand for greater transparency – CEO blogs

• Personal desire to connect work with personal values- Gen Y / work-life balance- Social entrepreneurs- Schools → children → parents → business & government

• Leadership from other OECD countries- Tipping point?

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Slide 4The Future of CSR in AustraliaPricewaterhouseCoopers Legal

November 2006

CSR components - Environment

• Increasingly data driven• Investors calling for data

- Carbon Disclosure Project- Shareholder resolutions

• Governments mandating/regulating disclosure- Energy Efficiency Opportunities Act- Trade Practices Act

• Environmental product statements

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Slide 5The Future of CSR in AustraliaPricewaterhouseCoopers Legal

November 2006

CSR components - Social

• Not as well defined as environment • ISO developing a management standard

- Will follow environment?• Argument emerging that positive contributions of business

forgotten in CSR debate- Total Tax Contribution

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Slide 6The Future of CSR in AustraliaPricewaterhouseCoopers Legal

November 2006

CSR components - Governance

• Dominated by high profile scandals- AWB- Vizard- Enron

• Businesses still working through post Enron reforms• Ongoing concern about CEO salaries

- Corporate excesses

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Slide 7The Future of CSR in AustraliaPricewaterhouseCoopers Legal

November 2006

What does CSR movement need?

• Forums for community interaction with business leaders- Would enhance learning, close gap between two groups

• A peak body• Government support, not control• To keep itself relevant

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