Corporate Social Responsibility

Socially Responsible Investing A "Blind Spot" In U.S As Importance Of CSR Grows Worldwide

U.S. businesses are lagging behind their counterparts in Europe, Australia and South Africa in taking seriously their corporate social responsibility, or CSR, according to a new study by Echo Research, the global specialists in reputation audit and analysis.  While leading U.S. multinationals still lead in philanthropy, they have a “blind spot” that misses the growing importance of socially responsible investing around the world, the study found.

Although financial analysts in several countries are beginning to factor in corporate social responsibility in the evaluation of a company’s investment potential, most U.S. financial organizations, including the major ones responsible for tens of billions of dollars, do not consider socially responsible investing in their analysis of corporate performance and value, according the Echo report, titled  “CSR and the Financial Community – Friends or Foes?

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