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• Thailand
David takes down Goliath
• Copenhagen summit
What really happened
• Listing and disclosure
Stock exchange rules tighten
• Palm oil
Can RSPO pick up the pace?
OECD: Building high standards
Related articles:
- G8 summit: Encouraging words for CSR
- The OECD Guidelines for Multinational Enterprises: A modest proposal
- The G8 and responsible business: wading into CSR waters
- The OECD Guidelines - Values judgment
- Watching the OECD
- The OECD’s revised corporate governance principles: substance or fluff?
- The OECD Guidelines for Multinational Enterprises
Opinion:
A new global architecture for corporate responsibility
Governments meeting in Paris on June 15 will discuss what they can do to improve ethical standards in markets, writes Paul Hohnen
Intergovernmental organizations were given a limited mandate or capacity to engage with the private sector, much less monitor its activities. By and large, the setting of standards on environmental, social and many governance aspects was left to business and civil society.
That may be changing.
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Comments:
Questions? Yes Answers? Maybe - Stuart Holdam, 12 Jun 2009
I am in complete agreement that the questions are finally being asked (thankfully). As for the answers, leaders need to gather from each stakeholder group and realize the urgency and unforseen value in adopting the ISO 26000 Social Responsibility Guidance Standard.
We seem to get caught up, especially the upper echelons of corporations, in the costs of being socially responsible (example: some companies ignore recycling due to fees) as opportunities are lost.
As Matthew J. Kiernan states in 'Investing in a Sustainable World', "companies with superior performance and positioning on "sustainability" issues achieved, on average, superior financial returns."
Also necessary is a realization of the Standard in demanding social needs are addressed in a transparent manner before consumer and citizen groups.
Stuart Holdam
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