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Article

14 Aug 2007

Author:
Paul Hohnen, in Ethical Corporation [UK]

Corporate social responsibility on the up, but government still lags behind

Thanks to recent summits, CSR is enjoying a good summer. But greater government and business interest will need to be followed through on if the benefits are to be realised…CSR featured prominently at both the G8 Heligendamm Summit, and at the UN Global Compact Leaders Summit in July…The Heligendamm Declaration called on the private sector to do three things in particular. These were to: - "adhere to the principles in the OECD Guidelines for Multinational Enterprises" - "participate actively in the Global Compact and to support the worldwide dissemination of this initiative", and - improve "the transparency of private companies’ performances with respect to CSR"… How do governments propose to monitor the uptake of the three recommendations? [refers to Coca Cola, Goldman Sachs, McKinsey]