"Corporate social responsibility: proposal for an initiative by the European Commission,"

…This issue of corporate social responsibility (CSR), is fortunately not ignored by the European institutions…In effect, although European law takes into account a certain form of corporate social responsibility, it gives only a limited scope; the only binding measures at present are, on the one hand, extra-financial reporting obligations, and, on the other hand, obligations applying to certain sectors…and certain enterprises...As for the Member States, they have, in the framework defined by the European Commission in its above-mentioned communication, adopted national action plans as regards corporate social responsibility; however…the measures they contain differ significantly in scope from one Member State to another, and…appear insufficient with regard to the human, social, and environmental challenges resulting from the globalisation of supply chains. The issue of corporate responsibility requires a strong answer from the European Union…We call on the European Commission to support any initiatives towards a strengthening of corporate social responsibility and table an ambitious legislative proposal implementing the CSR principles at European level…