A company's demonstration of its responsibility towards its individuals, the community and environment (both ecological and social) in which it operates. Abiding by laws and regulations and adhering to high ethical standards. This can be demonstrated through environmental targets, such as waste and pollution reduction, contributing to educational and social programmes, and looking after the well-being of its employees.
Corporate Responsibility. This means many things to many people. For some, it is about recycling, improving the environment or working to help local communities. For others, it is something more strategic and ethical - it's about how you run your business to ensure it's sustainable in the long-term.
At Standard Life, it's also about listening to our customers' needs and building trust with them, investing customers' money responsibly, acting with integrity and to the highest ethical standards.
Companies play an important role in the world around them and can have a major impact on the communities and environment in which they operate. At Standard Life, we take our corporate responsibilities very seriously and are determined to pursue the highest standards at all times, in everything we do.
Dow Jones Sustainability Index. A global sustainability index where only the top 10% of companies in each sector are selected for inclusion in the Global index. The top 15% of companies are selected for inclusion in the local index. Standard Life is listed in the DJSI (Euorpe)
Environment Social and Governance. These key factors can be used to help identify a measure of sustainability within an organisation. They can also be incorporated into investment analysis and decision making processes.
Financial Services Authority. The regulator for the Financial Services industry in the UK.
A sustainability index based on companies listed don the London Stock Exchange. Standard Life has been included in the index since the company demutualised and was listed on the London Stock Exchange.
London Benchmarking Group. A membership-based organisation that has developed a model for measuring and benchmarking community investment. The model has been adopted by some sustainability indices.
Scottish Business in the Community. An Scottish based organisation that drives and supports businesses in improving their corporate responsibility approach and their impact on society.
Treating Customers Fairly. Is central to the delivery of the FSA retail regulatory agenda, which aims to ensure an efficient and effective market and thereby help consumers achieve a fair deal.
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