Overview
Reducing energy consumption, environmental and social performance, recruiting and retention of top talent based on sustainability policies, new revenue streams from "green" products and services ("the opportunity of making green by being green," Jeff Immelt, CEO of General Electric introducing the approach to EcoMagination) – these are all aspects of a corporate socially responsible business that has moved beyond compliance and risk mitigation to capture financial benefits from new business opportunities that improve society and the environment. In fact, CEOs are increasing investments in corporate social responsibility by 25% over the next three years, according to the IBM Global CEO Study 2008.
As a result, there is a need to manage the performance of an enterprise's CSR activities. According to The Economist Intelligence Unit's, "Doing good: Business and the sustainability challenge," March 2008 survey, the top CSR objective is communicating the organization's performance on sustainability to investors and stakeholders. This requires including CSR in your enterprise's overall performance management strategy to establish processes and systems that integrate information across the entire value chain and provide timely, consistent and robust information and decision support.
According to Abbey Joseph Cohen, Managing Director at Goldman Sachs, "investors, and companies themselves, recognize that there are metrics and goals they need to be looking at other than the straight financial metrics…so, for example, a company needs to measure its success not just on the basis of things like earnings and revenues, but also on the basis of whether they're doing what they should be doing in the environmental area, whether they're doing what they should be doing with regard to worker safety and other issues."
Business challenges
- Development of an integrated corporate strategy around CSR
- Integration of a company’s information assets around CSR issues
- Coordination throughout the enterprise and data standardization for a strong
Governance framework
- Meeting the reporting needs of a variety of different stakeholders
- Establishing streamlined data sourcing
- Defining your enterprises CSR activities and making reporting a top priority
- Coordination of CSR issues for multiple functions
Corporate Social Responsibility services we offer
- Performance management (BPM) strategy and roadmap development
- Performance reporting and analytics process and content design
- BPM application and architecture design and implementation
Why IBM
With more than 4,100 financial management resources located across the globe, IBM has a strong record of serving as a trusted advisor to CFOs and finance leaders. Our dedicated teams of research and thought leadership professionals provide insights into the issues facing finance professionals through deep finance function expertise coupled with effective technology implementation and integration capability.
We offer proven finance transformation tools and experience, such as SAP, Oracle and Cognos. IBM financial management consulting services bring strong partnerships; we are the number one SAP Consulting Provider and a leading integrator of Oracle/Hyperion applications. Our recent acquisition of Cognos has added over 200 experienced Cognos practitioners to our Financial Management practice. Our consultants have worked with 75% of the global Fortune 50 and 80% of the FT 50.
