The CSR – HR Partnership: Elaine Cohen © 2014 CSR for HR – The Partnership Imperative Zagreb, March 25, 2014 Elaine Cohen Beyond Business Ltd, Sustainability Consultant and Author The CSR – HR Partnership: Elaine Cohen © 2014 The CSR – HR Partnership: Elaine Cohen © 2014 “We were looking for employees and people turned up.” Anita Roddick, Business as Unusual The CSR – HR Partnership: Elaine Cohen © 2014 CSR and HR: different worlds HR influence in CSR strategy development: 6% HR influence in CSR strategy implementation: 25% Source: SHRM, “Advancing Sustainability: HR’s Role” 2011 The CSR – HR Partnership: Elaine Cohen © 2014 http://weinrebgroup.com/wp-content/uploads/2011/09/CSO-Back-Story-by-Weinreb- The CSR – HR Partnership: Elaine Cohen © 2014 CSR-HR ? cbsnews.com The CSR – HR Partnership: Elaine Cohen © 2014 CSR-HR ? > $12 million Photograph: Fethi Belaid/AFP/Getty Images/Guardian.co.uk 5 July 2012 http://www.huffingtonpost.com/2011/06/17/best-buy-settles-classac_n_879585.html The CSR – HR Partnership: Elaine Cohen © 2014 The Partnership Imperative The low carbon economy Employees want meaningful work The profit potential of going green Good HR increases profits! Shareholders want reduced risk and sustainable returns The CSR – HR Partnership: Elaine Cohen © 2014 Sustainability Reporting and Transparency Samsung Lafarge The CSR – HR Partnership: Elaine Cohen © 2014 If CSR and HR do not work in partnership, CSR and HR, will FAIL Optimal delivery of CSR objectives requires an aligned organization and an engaged workforce made up of the right people and processes for embedding CSR culture. Both functions need to work together to achieve a sustainable business outcome. The CSR – HR Partnership: Elaine Cohen © 2014 The Agenda • Business Strategy • Stakeholder Impacts • Employee Engagement The CSR – HR Partnership: Elaine Cohen © 2014 Business Partners (CSR) Social Marketing (CSR) Ethics Culture and communications Recruitment (CSR) Community involvement Remuneration and benefits Traditional HR functions (CSR) Environment (CSR) Human rights, diversity, health and safety Employee Training and Development The CSR – HR Partnership: Elaine Cohen © 2014 CSR-HR strategy : low-carbon economy CSR Strategic business priority Reduce carbon footprint to meet new environmental regulations, reduce costs and attract investors • • • • • Emissions measurement and reporting Impact assessment Green technologies / renewables Workplace energy consumption Business travel reduction • • • • • • Environmental targets Recruitment of greenies Employee education on environment Green Team structure and process Employee energy savings suggestions Travel policy HR The CSR – HR Partnership: Elaine Cohen © 2014 CSR-HR strategy : low-carbon economy Green Teams save money and engage employees ! The CSR – HR Partnership: Elaine Cohen © 2014 Green Teams save money ! • SAVINGS: $52 million in 2012 by • reducing energy, water, consumables, petroleum fuel use and solid waste to landfills REVENUE: $24 million in revenue by recycling. • > 850 EMPLOYEE GREEN TEAMS: • $12 million in vehicle fuel cost • avoidance $10 million in facility energy savings $1 million in water savings • • $4 million decrease in supplies • spending $25 million avoided landfill fees through recycling of more than 253,000 tons of material. The CSR – HR Partnership: Elaine Cohen © 2014 Green Teams engage employees! Correlation analysis determined that greater employee involvement in CodeGreen activities is associated with higher scores in seven key job satisfaction measures. Corporate Responsibility Report 2010-2011 The CSR – HR Partnership: Elaine Cohen © 2014 CSR-HR strategy : diversity What’s wrong with this picture ? The CSR – HR Partnership: Elaine Cohen © 2014 CSR-HR strategy : diversity Strategic business priority Enhance organizational diversity in order to improve business offering, innovation and productivity through inclusion CSR • • • • • New business opportunities Reputation and employee attraction Efficient use of resources Innovation Customer service and interaction • • • • Workplace culture New recruitment channels Diverse candidate pipeline Training of internal recruiters in diversity principles Partnerships to help accessibility to minority groups • HR The CSR – HR Partnership: Elaine Cohen © 2014 CSR-HR strategy : diversity Companies with a higher proportion of women in top management perform better +10% ROE versus industry average McKinsey, 2007 Han’s Company (Singapore) reports increase in productivity after three years of diversity practices by +40% MOM, Singapore,2010 The CSR – HR Partnership: Elaine Cohen © 2014 The CSR – HR Partnership: Elaine Cohen © 2014 CSR and HR .. recipe for engagement Source: CBSR (Canada, 2010) Source: Sirota (2007) The CSR – HR Partnership: Elaine Cohen © 2014 Pepsico: ‘Profit with Purpose’ is the single biggest recruiting tool that we have in Pepsico today The CSR – HR Partnership: Elaine Cohen © 2014 CSR and HR .. investment in employees pays off • • • • • • • • • Free healthy lunches Medical Insurance and check-ups Health education Wellness points and prizes Free gym and trainer EAP Eco-building and ergonomics Sports activities and events Monthly newsletter The CSR – HR Partnership: Elaine Cohen © 2014 Prime CSR Role: Advancing a holistic corporate sustainable business strategy and effective implementation CSR and HR Partnership: Developing and implementing the right frameworks, processes and tools to support people in advancing sustainable business strategy Prime HR Role: Aligning the organization’s people – values, skills, actions – in support of sustainable business strategy CSR and HR Partnership: Activating people in pursuit of organization’s sustainable business strategy The CSR – HR Partnership: Elaine Cohen © 2014 CSR and HR leadership should partner to achieve optimum CSR results for the business, employees, communities and society … and for their own functional and professional advancement Develop a CSR – HR Partnership Charter. Ensure all employees of both functions are educated in the Charter and know how it affects them. Review current business strategy, CSR and Human Resources needs / material issues and define a list of priority partnership goals and targets. Speak with same voice to management and present and advance proposals together. Wake up and do it! The CSR – HR Partnership: Elaine Cohen © 2014 HR’s CSR impacts Economic Impacts Social contribution of retired and elderly Supporting employment of diverse groups Living Wage Social Impacts Environmental Impacts Family wellbeing Advancing environmental stewardship Advancing education Social Harmony Road Safety Advancing community solidarity and support Quality of Life A Planet for Future Generations The CSR – HR Partnership: Elaine Cohen © 2014 CSR - HR partnership… ….more than just recruitment and retention! ….its the core of sustainable business… ….and a key part of HR accountability. The CSR – HR Partnership: Elaine Cohen © 2014 Thank You! Elaine Cohen Beyond Business Ltd elainec@b-yond.biz +972-523-495-688 www.b-yond.biz @elainecohen CSR Strategy CSR Reporting CSR for HR