A broad distinction can be made between stakeholder dialogues that are geared toward consultation and those that focus more strongly on cooperation during implementation. In consultative stakeholder dialogues, actors contribute their expertise, viewpoints, and experience. Initiators of the stakeholder dialogue are usually responsible for the further use of recommendations and lessons learned. Consultative and cooperative forms of stakeholder dialogues subsume the following variants: 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[...]
Stakeholders present companies with very different challenges. The MAN Group responds by inviting stakeholders to communicate their expectations and opinions. To this end, MAN conducts systemized surveys every year and discusses specific issues with selected stakeholders. As customers represent a very important stakeholder group for MAN and also have a major influence on whether efficient products are used, they are central to our corporate responsibility activities. In 2012 we further intensified our dialog with customers at the two leading trade fairs for our industry: IAA Commercial Vehicles and the SMM maritime trade fair. more[...]
By mid-2011, COPEINCA made contact with the Stromme Foundation and the NGO Tierra de Niños with the aim of evaluating sustainability projects with surrounding communities. The company wanted to contribute toward the development of the surrounding families near the Chimbote industrial plant. They began working together in order to define a meaningful strategy for the future of the “27 de Octubre” residents. more[...]
The Federal Government has officially requested the drawing up of a second international peer review of its sustainable development policy. In keeping with the 2012 progress report on the National Sustainable Development Strategy, the respective invitations have been issued to internationally recognized experts. more[...]
Capturing the Gains research into the global production of mobile phones traces the connections between armed factions, poverty and violence in the Democratic Republic of the Congo and mobile phone users worldwide. The critical link is coltan, or columbite tantalite. It is the raw material for tantalum, an essential mineral in the manufacture of mobile phones, computers and other electronic equipment. more[...]
A Stakeholder Approach to Corporate Social Responsibility provides a comprehensive collection of cutting-edge theories and research that can lead to a more multifaceted understanding of corporate social responsibility in its various forms, the pressures and conflicts that result from these different understandings, and some potential solutions for reconciling them. more[...]
This white paper explores managing biofuels portfolio risk – the stakeholder’s targeted value approach and the financial and risk analysis roles. The Department of Navy (DON), Department of Energy, and United States Department of Agriculture are together pursuing an ambitious program to support military requirements for viable and cost effective biofuels and to accelerate the growth of a national biofuels industry to address strategic energy security concerns. Source: All information taken from the website. more[...]
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