Corporate social responsibility - how it passed the acid test

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03 May 2010There were several ironies in the global economic crisis for the not-for-profit sector.

On the downside, the collapse of Wall Street investment banks Lehman Brothers and Bear Stearns robbed the sector of two philanthropic champions that had been pin-ups for corporate social responsibility (CSR).

“[The financial crisis] showed that some of the companies which were judged very favourably by socially responsible investors were companies which we now see in a very different light.”

On the upside, the problems the crisis caused for the failed childcare firm, ABC Learning, have provided perhaps the greatest opportunity yet for Australia’s traditional not-for-profit sector.

Permanent URLhttp://apo.org.au/node/21170
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