CSR Minute: Bank of America Releases First-Ever CSR Report; European Union Proposes New Sustainable Fisheries Policy

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CSR Minute: Bank of America Releases First-Ever CSR Report; European Union Proposes New Sustainable Fisheries Policy

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The CSR Minute is your daily video digest of the most relevant Corporate Social Responsible news of the day. Our team of 3BL Media correspondents tracks the global world of corporate social responsibility to bring you coverage of the most important announcements, initiatives, issues, trends, ideas, and breaking news.

Tuesday, July 19, 2011 - 9:27am

CAMPAIGN: The CSR Minute

CONTENT: Press Release

Bank of America has released its first Corporate Social Responsibility Report, detailing the company’s 2010 CSR efforts in 2010. Among the highlights reported on are programs to promote fairness and transparency in its products and services; lending and investing activities in low-income and underserved communities; and customer-focused environmental initiatives. The report also outlines future priorities for the bank’s CSR practices and policies.

The European Union has proposed plans to reform its common fisheries policy, with the aim of achieving sustainability in the sector by 2015. The plans suggest multi-annual plans that fix quotas for one or more fish stocks for several years to avoid overfishing. Currently, quotas are set year to year. Three-fourths of EU fish stocks are currently being exploited at unsustainable levels, and 30 to 40 percent of the EU’s fishing fleet of over 80,000 vessels is in financial difficulty. The EU has the third largest fisheries sector in the world, after China and Peru.

For more information on these and other stories, go to thecsrminute.com

Video source: CSR Minute: Bank of America Releases First-Ever CSR Report; European Union Proposes New Sustainable Fisheries Policy

Keywords: Business | CSR | Corporate Social Responsibility | Sustainability | Sustainable | cause marketing | environment | fisheries | news | philanthropy

CAMPAIGN: The CSR Minute

CONTENT: Press Release