Is the time ripe for global binding norms for corporate accountability? Online publication date: Thu, 23-Mar-2017
by Stephen Stec; Magdalena Paszkiewicz; Alexios Antypas
International Journal of Innovation and Sustainable Development (IJISD), Vol. 11, No. 2/3, 2017
Abstract: Standards for the social and environmental performance of corporations have been a topic at every major international conference on environment and development for several decades. A wide variety of voluntary instruments championed under the label of 'corporate social responsibility' or corporate social responsibility (CSR) have more recently been challenged by communities calling for greater accountability under the label of 'corporate accountability' or CA. This paper examines the dynamics of the CSR/CA debate surrounding the 2012 United Nations Conference on Sustainable Development (the 'Rio + 20 Conference'), in particular the failure of an unusual multi-stakeholder consensus on binding 'report or explain' standards to gain traction, which raises the question: how close are we to international legally binding norms for corporate accountability in the area of sustainability goals, and what shape could such norms take? It concludes with considerations for a potential legally binding instrument on corporate accountability.
Online publication date: Thu, 23-Mar-2017
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Innovation and Sustainable Development (IJISD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com