CR Blog

State of the Association – February 2017

Allie Williams, IOM Executive Director, CRA The Corporate Responsibility Association's strategic planning Board of Advisors’ retreat was held on February 2-3 in Baltimore, Maryland. As the executive director of the CRA, I am happy to report that the state of the association is strong. We continue to grow and provide exceptional opportunities for our members through networking, education, thought leadership engagement and open dialogue to provide access to peer to peer interactions and mentoring. Beginning soon, the CRA website will host content and drive resources to a new “member’s only area”.

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“Supply Chain Security” – I do not think that phrase means what you think it means.

Allie Williams, IOM Executive Director, CRA Executive Director's Report - January 2017 One of the recent buzzwords I heard at a conference I recently attended is the concept of “supply chain” security. That is, the need to secure data, applications, and connections not only within your enterprise, but also throughout the “supply chain,” which is responsible for your goods and services. It comes from the concept that your security is only as good as your weakest link, and your vendors, suppliers, and other third parties are likely to be among your weakest links. So it’s important that you secure your supply chain. No arguments here. But which supply chain? Everybody has their own definition of “supply chain” and they are all mostly accurate, but completely different.

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Cyber-Security Lessons from Wells Fargo

allie-w Allie Williams, IOM Executive Director, CRA Executive Director's Report - October 2016 After more than 5,000 Wells Fargo employees lost their jobs, and the CEO took both a grilling on Capitol Hill and has since resigned, one question is raised about whether better cyber-security practices could have prevented, or at least detected, the rampant fraud. What lessons we can learn about cyber-security from the Wells Fargo incident? In this case, the company sought to incentivize employees to have customers open more accounts, from which the bank could then generate more user fees, late fees, or low balance fees. More accounts equaled more money for the bank, and employees could receive substantial bonuses from this transaction as well. The incentive program quickly morphed from the simple act of persuading customers to open accounts to employees themselves opening accounts without customer involvement at all—fraud.

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Leveraging G4 to Standardize Sustainability Reporting across Global Platforms

By Rati Bhattachary Sustainability Strategist and Consultant, Innovation and Transformation Group Tata Consultancy Services

G4: Initial Impressions

The fourth-generation (G4) Sustainability Reporting Guidelines developed by the Global Reporting Initiative (GRI) may well have complicated the reporting environment, instead of streamlining it. Launched in May 2013, and mandatory for reports published after 31 December 2015, the G4 tries to harmonize with other international reporting frameworks, instructing reporters to focus on material topics or aspects instead of outlining their organization’s broad sustainability footprint. With renewed interest and attention on corporate social responsibility, companies are pulling out all the stops to ensure that their sustainability initiatives occupy center stage. They are interested in measuring the effect of their sustainability programs, to identify new opportunities, while remaining informed on risks. Program disclosures are in the form of detailed reports, full of catchy phrases and engaging visuals to invite larger readership.

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Women’s History Month 2016

Jim Murren, Chair of the CRA Chairman and CEO MGM Resorts International March is deservedly designated as Women’s History Month when we recognize the victories, struggles, and stories of the women who have made our world what it is today. At MGM Resorts, supporting women and their careers is one way that we demonstrate our enduring dedication to diversity and inclusion. Every March, in recognition of Women’s History Month, the company hosts “Women Inspiring Women.” It gives us an opportunity to show our appreciation to women who make a difference in the Las Vegas community—within our company and beyond. These women are leading the way in many respects, so it is our privilege to gather them together in celebration.

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Executive Director’s Report – April 2016

allie-w Allie Williams, IOM Executive Director, CRA CR Magazine and the Corporate Responsibility Association (CRA) share a common purpose in advancing corporate accountability and responsibility. Together with direct input from the CR community we’ve developed and manage a fully transparent, objective, fact-based methodology for evaluating corporate accountability and responsibility. Through our Ratings & Rankings Thought Leadership Council (composed of a cross-section of corporate responsibility experts, including active practitioners, academics, NGOs, investment firms, and other relevant communities), the CRA stewards the methodology to ensure its relevance, transparency, and efficacy. The Association plays a vital role as a convener, consensus builder, and promulgator of standards and practices.

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MGM Resorts International Debuts MGMThink, an Online Thought Leadership Platform

MGM Think Gold     PRESS RELEASE For Immediate Release

MGM Resorts International Debuts MGMThink, an Online Thought Leadership Platform

Las Vegas, April 14, 2016 – Building on its commitment to drive innovation, within and beyond the company, MGM Resorts International (NYSE: MGM) today debuted an online thought leadership platform called MGMThink. Available at MGMThink.com, the platform is a one-stop shop for those interested in the expertise and thought leadership supporting the success of MGM Resorts’ iconic brands. Offering followers an insiders’ look at the FORTUNE Most Admired Company’s way of doing business, MGMThink will feature fresh, thought-provoking video and blog content, and serve as a social media hub offering insight and dialogue. “MGMThink provides an active forum for our senior leaders and other thought leaders across the company to provide a real behind-the-scenes look at not only what we do at MGM Resorts, but how we do it and, more importantly, why,” said Clark Dumont, APR, Senior Vice President of Corporate Communications for MGM Resorts International.

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Register for Charities@Work’s 15th Annual Best Practices Summit

C@W_Logo_No_Tag The Corporate Responsibility Association is pleased to support the Charities@Work 15th Annual Best Practices Summit on Employee Engagement in Corporate Citizenship, “Bridging Worlds to Scale Impact.” We invite you to come together with your peers and industry leaders, share what’s working for you, learn what’s working for others, and ultimately move the needle when it comes to advancing your company’s employee engagement and workplace giving practice. Learn more and register here: http://charitiesatwork.org/annual-summit/2016-2. As a CRA member, you will receive a 10% discount on registration. Enter this code COMMIT2016 at checkout. The Summit will be held on March 28-30, 2016, at the New York Marriott Marquis in New York City, the Annual Summit features Michael I.

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Update on CRA’s Thought Leadership Councils

allie-w Allie Williams, IOM Executive Director, CRA Executive Director Report February 2016

A look at what the CRA Thought Leadership Councils are doing...

The Thought Leadership Councils (TLC’s) are networking groups within the association in which members drive learning and development within the CR community. Each Council meets via GoToMeeting® teleconference on a monthly basis, providing our members the opportunity to interact with industry peers. This enables everyone to get the most out of their membership and share successes, best practices, benchmarks, trends and publish new findings. Each is chaired or co-chaired by Members dedicated to achievement of that TLC’s goals, and reports to both the Board and the community at large regarding progress toward the TLC’s goals.

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Executive Director’s Report – November 2015

allie-w Allie Williams, IOM Executive Director, CRA Executive Director Report November 2015 I looked up the definition of the word commit recently, and found it rather interesting… 1. carry out or perpetrate (a mistake, crime, or immoral act). "he committed an uncharacteristic error" 2. pledge or bind (a person or an organization) to a certain course or policy. "they committed themselves to the project" I think I prefer the second definition, at least of the two given. My definition is a bit different, as it relates to CEOs of major brand corporations, CSR and Sustainability Practitioners, and others living in the corporate responsibility community. In my humble opinion, the best definition I have for commit is promise. A promise to be more cognizant climate change, a promise to be a better steward of the environment, a promise to do my part in reducing my carbon footprint, a promise to be a better leader and employee, a promise to give back to my community and a promise to work with people who share these obligations.

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