Corporate and Social Responsibility (CSR) is an analysis of the economic, social and environmental impacts of a business' activities, wherever they operate in the world.

The Government has established CSR as a voluntary action that businesses can take, over and above compliance with minimum legal requirements, to address both its own competitive interests and the interests of wider society.

Pensions Act Amendment
This legislation came into effect in July 2001 and requires trustees of occupational pension schemes to state their policy regarding the extent to which social, environmental or ethical considerations are taken into account in the selection, retention and realisation of investments.

Transparency
UK businesses are consistently among leaders in surveys of CSR reporting: in the Global Reporters 2006 Survey. UK companies were rated the top 3 reporters. And over 80% of FTSE 100 companies report on social and environmental issues.

All companies, other than small, must already prepare a Business Review as part of the director's annual report. From October 2007, quoted companies must also disclose information on environmental, employee, social and community matters in a bid to promote responsible business behavior, without imposing undue burdens on business.

Parker Wilson Sustain support the CSR initiative and have facilities to deliver CSR reports, policy statements and assistance on long term planning and budgets to achieve CSR targets including:

. Energy Conservation Initiatives.
. CO2 Reduction.
. Reduction in Water Consumption.
. Environmental Issues and Use of Renewable Energy
Systems.