Responsibility in World Business: Managing Harmful Side-Effects of Corporate Activity

By Lene Bomann-Larsen; Oddny Wiggen | Go to book overview

Foreword

The UN Global Compact – Secretary-General Kofi Annan's initiative on responsible corporate citizenship – aims at “producing practical solutions”, “sharing good practices”, “rallying around universal principles”, and “making the global economy more sustainable and inclusive”. It is with great satisfaction that Global Compact acknowledges the publication of this book, which so admirably strives to contribute to the realization of these goals.

It is the Global Compact's firm belief that business has an important role to play in achieving peace and social development. Launched in Davos in 1999 by the Secretary-General, the Global Compact “seeks to advance corporate citizenship so that business can be part of the solution to the challenges of globalisation”. Through its engagement, the Compact provides an international platform that facilitates mutual understanding and the development of practical solutions among business, labour, civil society organizations, government, UN agencies, and leading experts from the academic and public policy spheres.

Integrating corporate social responsibility into business behaviour can be achieved only by developing a much clearer understanding of the obligations underlying the term. This involves clearly distinguishing between what is absolutely required from companies and what society expects from them in addition. Through a Policy Dialogue on “Roles and Responsibilities of Societal Actors in a Global World”, the Global Compact has been exploring these critical issues to help advance a shared

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