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Promoting Socially Responsible Business in Developing Countries

UNRISD
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Keywords
multinationals
codes of conduct
codes of ethics
code of conduct
code of ethics
corporate sociale responsibility (CSR)
developing countries
certification
international regulation
GE Subjects
Political ethics
Ethics of law
Rights based legal ethics
Governance and ethics
Development ethics
Economic ethics
Business ethics
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Ethics and Sustainable Development Goals
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http://hdl.handle.net/20.500.12424/178888
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Abstract
The article presents a clear picture of how to promote and integrate new value systems in Business forwarding those to the Developing Countries. "Many large corporations now claim to be taking significatn steps to improve their environmental and social performance through the use of "voluntary initiatives" (VIs) - such as codes of conduct, certification, reporting, social audits, fair trade schemes and corporate social investment programmes. Various factors and pressures explain the newfound interest of corporations in social and environmental issues. These include, for example, the groundswell of pressure from myriad civil society organizations; market opportunities associated with "green technologies" and "ethical consumers"; the possibiliy of gaining an edge on competitors by projecting a responsible image; and the growing recognition by business, government and civil society that the increasing freedom and power of transnational corporations (TNCs) must be accompanied by increased responsibility. There are signs of change not only in the attitudes of large corporations toward social and environmental issues, but also in the policy approaches that are supposed to raise standards and minimize negative impacts. In many countries, the regulatory role of governments appears to have ceded ground to voluntary approaches whereby firms or industry associations unilaterally decide on goals, implementation, monitoring and reporting, or volunteer to participate in schemes fully or partly designed and perhaps monitored by government, international and/or civil society organizations."
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Conference proceedings
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2000-10-23
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With permission of the license/copyright holder
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