EU Multi-Stakeholder Forum on Corporate Social Responsibility ...

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EU Multi-Stakeholder Forum on Corporate Social Responsibility ...

ong>EUong>ROPEAN MULTI-STAKEHOLDER FORUM ON CORPORATE SOCIAL RESPONSIBILITY

1. THE COMMISSION’S PROPOSAL FOR A

MULTI-STAKEHOLDER FORUM

The European Commission recognises that the ong>EUong> success in promoting CSR ultimately

depends on widespread ‘ownership’ of the principles of CSR by businesses, social

partners, civil society, and public authorities, which should be based on comprehensive

partnership with representatives of society at large and that the involvement

of all affected stakeholders is key to ensure acceptance and credibility of CSR and

better compliance with its principles. On this basis, the Commission proposed in its

Communication onCorporate Social Responsibility. A business contribution to

sustainable development” (2) the setting up of a ong>EUong> ong>Multiong>-ong>Stakeholderong> ong>Forumong> on CSR

with the aim to promote transparency and convergence of CSR practices and instruments

through:

• the exchange of experience and good practice between actors at ong>EUong> level;

• bringing together existing initiatives within the ong>EUong>, and seeking to establish common

ong>EUong> approach and guiding principles; including as a basis for dialogue in international

fora and with third countries;

• identifying and exploring areas where additional action is needed at European

level;

The Commission invited the CSR EMS forum to seek to agree by mid-2004

on guiding principles on the following issues:

• relationship between CSR and competitiveness (business case);

• contribution of CSR to sustainable development;

• SME-specifi c aspects;

• Effectiveness and credibility of codes of conducts;

• Development of commonly agreed guidelines and criteria for CSR

measurement, reporting and assurance;

• Defi nition of commonly agreed guidelines for labelling schemes;

• Disclosure on pension and retail funds SRI policies.

The CSR EMS ong>Forumong> was invited to present before summer 2004 a report about its

work to the Commission, which should then make an evaluation of its results, decide

on its future and consider if any other initiative, involving in particular enterprises

and the other stakeholders, would be appropriate to further promote CSR.

( 2 ) Comm 347 fi nal, 2nd July 2002

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