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study to analyse CSR costs and benefits

February 2005

Research has begun in Europe to assess the financial benefits to companies of adopting sustainability programmes.

The Advance project, funded by the European Commission, will attempt to ‘make use of the tools and techniques used in the financial markets … to express sustainable performance in monetary terms’ and thereby enhance the business case for improved social and environmental performance.
During the next two years researchers will assess the sustainability performance of at least 50 European companies, yet to be chosen. They will assess how much value each company creates by the efficient use of resources and will present their findings at conferences and workshops across Europe, with full results published when the project ends in late 2006.

Advance, which stands for Application and Dissemination of Value-Based Eco-Ratings in Financial Markets, is being run by six academic bodies and consultancies – the School of Earth & Environment at Leeds University (UK), the Institute for Futures Studies and Technology Assessment and Scoris (both Germany), Avanzi SRI Research (Italy), GES Investment Services (Sweden), and the Institute for Strategic Research (Hungary).



Further Information
http://www.advance-project.org
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