Download Corporate Social Responsibility - Social Legislation - Lecture Slides and more Slides Introduction to Sociology in PDF only on Docsity! Renewed EU strategy for corporate social responsibility CSR Docsity.com 1) Corporate responsibility and accountability in the EU • Many European companies already adhere to international CSR frameworks. • A growing number of EU companies report on the sustainability of their activities. • Progress in the EU since 1990. - Definition - Instruments and policies - Practices. Docsity.com 4) Voluntary approach to CSR in EU and international standards (2001-2002) • The European Commission adopted a voluntary approach on CSR (2001) • The European Commission established a European CSR policy providing exchanges, projects and financial support (2002) to the stakeholders forum. • In addition to this voluntary approach, the European Commission handles labour and environmental issues through directives (Reach, IPPC, etc) • A directive introduced the possibility of extra financial information in annual balance (2003) • The SRI market begins developing (2007) Docsity.com 5) Development of the definition of CSR First step in the definition (2001) CSR “is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis”. Second step in the definition (2006) CSR has a role in achieving Sustainable Development and ensuring more and better jobs. The Europe 2020 Strategy added consumer trust to the roles of CSR. Third step in the definition (2011) a new communication from European Commission. Docsity.com 6) New communication on CSR A new step in the definition. CSR refers to “the responsibility of enterprises for their impacts on society” and respect for applicable legislation and for collective agreements between social partners CSR in the EU recognises principles and guidelines internationally and integrates United Nations guiding principles on business and human rights. CSR is a long-term approach and includes the supply chains and impacts both direct and indirect. CSR has a multidimensional nature. The EU notes: “According to these principles and guidelines, CSR at least covers human rights, labour and employment practices (such as training, diversity, gender equality and employee health and well-being), environmental issues such as bio-diversity, climate change, resource efficiency, life cycle assessment and pollution prevention) and combating bribery and corruption”. The disclosure of non-financial information is also recognised as an important issue. Docsity.com
