MOSS The Future of CSR in Australia Notes

Overview • CSR drivers • CSR components (developing differently) - Environment - Social -

CSR Drivers • Expanding role of corporations / Retreat of Governments - PPPs /

CSR components - Environment • Increasingly data driven • Investors calling for data -

CSR components - Social • Not as well defined as environment • ISO developing

What does CSR movement need? • Forums for community interaction with business leaders -

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MOSS The Future of CSR in Australia Notes for CSR summit dinner 2006

Overview • CSR drivers • CSR components (developing differently) - Environment - Social - Governance • CSR needs Liability limited by a scheme approved under Professional Standards Legislation The Future of CSR in Australia Pricewaterhouse. Coopers Legal November 2006 2

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? Liability limited by a scheme approved under Professional Standards Legislation The Future of CSR in Australia Pricewaterhouse. Coopers Legal November 2006 3

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 Liability limited by a scheme approved under Professional Standards Legislation The Future of CSR in Australia Pricewaterhouse. Coopers Legal November 2006 4

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 Liability limited by a scheme approved under Professional Standards Legislation The Future of CSR in Australia Pricewaterhouse. Coopers Legal November 2006 5

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 Liability limited by a scheme approved under Professional Standards Legislation The Future of CSR in Australia Pricewaterhouse. Coopers Legal November 2006 6

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 Liability limited by a scheme approved under Professional Standards Legislation The Future of CSR in Australia Pricewaterhouse. Coopers Legal November 2006 7