1. MOSS The Future of CSR in Australia Notes for CSR summit dinner 2006

2. PricewaterhouseCoopers Legal November 2006 Slide 2 The Future of CSR in Australia Overview CSR drivers CSR components (developing differently) -Environment -Social -Governance CSR needs Liability limited by a scheme approved under Professional Standards Legislation

3. PricewaterhouseCoopers Legal November 2006 Slide 3 The Future of CSR in Australia CSR Drivers Expanding role of corporations / Retreat of Governments -PPPs / Privatisations Declining trust in corporations & government -NGOs often most credible voice in public mind -Demand for greater transparency – CEO blogs Personal desire to connect work with personal values -Gen Y / work-life balance -Social entrepreneurs -Schools → children → parents → business & government Leadership from other OECD countries -Tipping point? Liability limited by a scheme approved under Professional Standards Legislation

4. PricewaterhouseCoopers Legal November 2006 Slide 4 The Future of CSR in Australia CSR components - Environment Increasingly data driven Investors calling for data -Carbon Disclosure Project -Shareholder resolutions Governments mandating/regulating disclosure -Energy Efficiency Opportunities Act -Trade Practices Act Environmental product statements Liability limited by a scheme approved under Professional Standards Legislation

5. PricewaterhouseCoopers Legal November 2006 Slide 5 The Future of CSR in Australia CSR components - Social Not as well defined as environment ISO developing a management standard -Will follow environment? Argument emerging that positive contributions of business forgotten in CSR debate -Total Tax Contribution Liability limited by a scheme approved under Professional Standards Legislation

6. PricewaterhouseCoopers Legal November 2006 Slide 6 The Future of CSR in Australia CSR components - Governance Dominated by high profile scandals -AWB -Vizard -Enron Businesses still working through post Enron reforms Ongoing concern about CEO salaries -Corporate excesses Liability limited by a scheme approved under Professional Standards Legislation

7. PricewaterhouseCoopers Legal November 2006 Slide 7 The Future of CSR in Australia What does CSR movement need? Forums for community interaction with business leaders -Would enhance learning, close gap between two groups A peak body Government support, not control To keep itself relevant Liability limited by a scheme approved under Professional Standards Legislation