The TAG Flag - Corporate Social Responsibility And Sustainable Development
The TAG FLAG Initiative has been structured within the international definition of Corporate Social Responsibility and the universally recognised frame work of the TRIPLE BOTTOM LINE - Environment - Economy - Community.
Current best practices widely accept that sustainable practices promote the capacity for biological systems and cycles to remain diverse, productive and to endure. This also meets the UN definition of sustainable development being "development that meets the needs of the present without compromising the ability of future generations to meet their own needs".
All communities and businesses depend on the services that healthy ecosystems provide. The degradation of any ecosystem jeopardizes not only the world's biodiversity and its people but its businesses as well. Sustainable practices therefore not only assist in maintaining biological diversity and species survival, they provide better long term economic outcomes for all.
It is also TAG's view that companies instigating socially responsible practices deliberately embrace responsibility for the impact their company's activities have on communities, the environment and the economy. The TAG FLAG Initiative aims to promote companies that are not merely self interest driven but also strive for a fair and ethical balance between all aspects of the triple bottom line.
The TAG FLAG Initiative covers two criteria. The first, the Company Profile, assesses company ethics and triple bottom line operating policies. The second, The Product/Contract Category Profile, covers the product category which expands to incorporate all current sustainability best practice protocol check lists, life cycle analysis and supply chain information.
Each company initiating the TAG Flag product & contract category checklist will progress through a comprehensive questionnaire that addresses all of the above mentioned criteria. Answers to the questions will be calculated and displayed as percentages in accordance to the overall amount of socially responsible components within the product. The more ethical and sustainable components a company's product aligns with, the higher the green rating for that particular product or contract category.
Similarly, each Company TAG Flag questionnaire addresses all of the above mentioned criteria on a company-wide basis. Answers to the questions are calculated and displayed as percentages in accordance to the overall amount of socially responsible components within the company. The more ethical and sustainable components a company's ethos aligns with, the higher the green rating for that particular company.
TAG foresees businesses who genuinely respond to the challenges of ethical and sustainable commerce as not only returning a vital element to global business but gaining consumer respect as well. Increasing demand for this type of business ethics from a more informed TAG member based community ensures a thriving interest in the ongoing contributions these businesses make.
Please click on the buttons below to complete your TAG Flag questionnaires: