Corporate Social Responsibility (CSR), global governance and sustainable development: what is at stake? - PowerPoint PPT Presentation

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Corporate Social Responsibility (CSR), global governance and sustainable development: what is at stake?

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Title: Corporate Social Responsibility (CSR), global governance and sustainable development: what is at stake?


1
Corporate Social Responsibility (CSR), global
governance and sustainable developmentwhat is
at stake?
  • Henri-Bernard Solignac Lecomte
  • OECD Development Centre

EU-LDC Network Conference Global Governance for
Sustainable Development Issues and Instruments
Chiang Mai, December 8-10, 2002
2
Outline
  • 1. The CSR concept shareholders
    stakeholders
  • 2. CSR and development what are the links?
  • 3. Vehicles for CSR firms, governments,
    standards
  • 4. Issues for debate

3
The CSR Concept
  • Shareholder accountability
  • Stakeholder accountability
  • From opposition ...
  • to a win-win situation?
  • by compliance
  • by choice
  • by moral obligation?

4
CSR and Development (1) The development case
  • () the current of business on society is
    sub-optimal
  • (-) the scope for bad corporate governance is
    greater than in developed countries

5
CSR and Development (2) The business case(s)
  • Human resource retention, brand recognition,
    reputation insurance
  • Cost-saving and better market access
  • Mitigation of negative impacts
  • Social license to operate

6
Vehicles for CSR (1) Firms
  • Normal operations
  • Social welfare and risk management
  • Re-alignment of core business competencies with
    development priorities (partnerships)

There is evidence of success, but how do we scale
it up?
7
Vehicles for CSR (2)Governments
  • Minimum standards
  • Facilitate business going beyond compliance
  • Philippines CSR Week
  • Taiwan Green Business Award
  • Thailand Office on Labour Standards Development
  • Challenges

8
Vehicles for CSR (3)Standards
  • Reporting (end-of-pipeline, NGOs)
  • Certification standards (financial sector)
  • Aspirational / non-binding principles (IGOs)
  • UN Global Compact
  • OECD Guidelines on Multinational Enterprises

9
CSR as an instrument for global governance?
  • How far is long term?
  • Who defines societys expectations?
  • Is there a risk of a bias towards public opinion
    in the North?
  • Can shareholders afford CSR in bad times?
  • PR pressure or strategic shift?
  • How far into public governance?
  • What role for the EU? (Cotonou, )
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