Nestlé believes that to prosper over the long term and create value for our shareholders, we must also create value for society. As the world’s largest food and beverage company, we have a unique opportunity and responsibility to play an active part in the communities where we live and work, support youth and contribute to the achievement of the United Nations Sustainable Development Goals. Never has this been more relevant than in the current context, where so many youth lack economic opportunities. more[...]
Trade can support sustainable development in the global economy. Ruediger Senft, Head of Corporate Responsibility at Commerzbank, argues that banks can therefore be a major part of the movement toward a sustainable future. more[...]
Huay Ma Haad Mountain was on the verge of being completely deforested, which led to water scarcity and greatly affected both the agricultural and industrial sectors in the area and created conflicts between them. As one of Thailand’s leading corporations and a major employer in the Rayong province, PTT Global Chemical (PTTGC) has taken the lead in a regional sustainability initiative, the “Reforestation and Water Conservation at Huay Ma Haad Mountain” project, to strengthen community-led forest conservation, biodiversity restoration, as well as community development. more[...]
This article introduces the frameworks of sustainable human security in relation to anticorruption. more[...]
There are three main models in terms of how traceability schemes trace sustainability claims. These models offer different approaches to tracking a claim and confirming it at each point in the supply chain. The three models are Product Segregation, Mass Balance, and Book and Claim. They are differentiated by the extent to which certified and non-certified materials are permitted to mix, as well as by claims that can be attached to the final product. more[...]
The United Nations Global Compact and BSR have released the first guide on traceability, which will help companies and consumers ensure that their materials and products are produced responsibly. more[...]
Disclosure efforts by governments around the world more[...]
CSR examples from Africa, Latin America, China and the Middle East more[...]
Multistakeholder initiatives such as the UN Global Compact organize their participants in specific ways. Most importantly, they have to bridge global (universal) principles and local (contextualized) implementation practices. Some initiatives have responded to this need by creating a nested network structure – that is, local networks that are embedded into a wider global “network of networks.” The UN Global Compact, for instance, has more than 100 local networks, which are connected through regional hubs, the Annual Local Network Forum, and interactions with the Global Compact Office. Stakeholder dialogue and collective action are emerging both within and among such networks. more[...]
In this article, we explain why managing legitimacy is vital for corporations and how business firms can employ strategies to maintain their legitimacy. We then discuss the organizational capacities that each legitimacy strategy implies and point out their inherent tensions. Based on the results of an empirical study, we show how two large corporations have handled these tensions and successfully introduced organizational prerequisites for managing legitimacy. In the final part of this article we elaborate on how participants of the UN Global Compact can use the initiative to strengthen their legitimacy. more[...]
This article reviews the interdisciplinary literature on the UN Global Compact. The review identifies three research perspectives, which scholars have used to study the UN Global Compact so far: a historical perspective discussing the Global Compact in the context of UN-business relations, an operational perspective discussing the composition and impact of its participants, as well as a governance perspective discussing the constraints and opportunities of the initiative as an institutionalized arena for addressing global governance gaps. The authors contrast these three perspectives and identify key empirical as well as conceptual scholarly contributions. The remainder of this article contains focused summaries of the articles selected for this Special Issue. All articles are introduced and evaluated against the background of the three research perspectives. more[...]
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