Responsible Business Guide: A Toolkit for Winning Companies

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RBG Responsible Business Guide: A Toolkit for Winning Companies 37 The United Nations Global Compact is a United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. It is a principle-based framework for businesses, stating ten principles in the areas of human rights, labour, the environment, and anti-corruption. 38 OECD Guidelines for Multinational Enterprises are recommendations providing voluntary principles and standards for responsible business conduct for multinational corporations operating in or from countries adhered to the Declaration. 39 Transparency International Business Principles for Countering Bribery are the principles are intended to be a comprehensive reference for companies on good practices to counter bribery. 40 CRT Principles for Business embody the aspiration of principled business leadership. The principles are a worldwide vision for ethical and responsible corporate behavior and serve as a foundation for action for business leaders worldwide. 41 Sullivan (member of Board of Directors, General Motors) Principles applied economic pressure to end apartheid. The principles became the blueprint for ending an unjust system. 42 The United Nations Global Compact is a United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. It is a principle-based framework for businesses, stating ten principles in the areas of human rights, labour, the environment, and anti-corruption. 43 CERES, founded in 1989, is a non-profit, national network of investors, environmental organizations and other public interest groups working with companies and investors to address sustainability challenges such as global climate change. 44 These policies focus on environmental and social sustainability. 45 Bench Marks is one of the most comprehensive sets of social and environmental criteria and business performance indicators that are useful for developing and monitoring corporate codes of conduct. 46 The Global Reporting Initiative (GRI) produces one of the world's most prevalent standards for sustainability reporting as routine as, and comparable to, financial reporting. 47 International Standards of Accounting and Reporting is the only intergovernmental expert body focused on corporate transparency and accounting issues. 48 SA8000 is a global social accountability standard for decent working conditions, developed and overseen by Social Accountability International (SAI). 49 ISO launched the development of an International Standard providing guidelines for social responsibility (SR) named ISO 26000. 62 Responsible Business Initiative
RBG Responsible Business Guide: A Toolkit for Winning Companies 50 Worldwide Responsible Accredited Production (WRAP) is a not-for-profit organization dedicated to promoting ethical, humane, and lawful conditions and practices in manufacturing facilities all around the world. 51 The ISO 14000 is a standard for environmental management systems that is applicable to any business, regardless of size, location or income. The aim of the standard is to reduce the environmental footprint of a business and to decrease the pollution and waste a business produces. 52 National Environmental Quality Standards (NEQS) were first promulgated under Pakistan Environmental Protection Ordinance 1983. 53 ISO launched the development of an international standard providing guidelines for social responsibility named ISO 26000. 54 AA1000 Assurance Standard (AA1000AS) is the first sustainable assurance standard developed to ensure the credibility and quality of organizations’ public reporting on social, environmental and economic performance as demanded by campaigners and the public and, increasingly, by investors and regulators. 55 The AA1000SES is the first international standard for stakeholder engagement and the revision process aims to make the next edition more accessible, practical and strategically applicable, demonstrating the value of robust engagement and articulating how this can be achieved. 56 GRI Guidelines are regarded to be widely used to produce sustainability reports. GRI Guidelines apply to corporate businesses, public agencies, smaller enterprises, NGOs, industry groups and others. 57 Millennium Development Goals (MDGs) are eight international development goals that all 192 United Nations member states and at least 23 international organizations have agreed to achieve by the year 2015. They include reducing extreme poverty, reducing child mortality rates, fighting disease epidemics such as AIDS, and developing a global partnership for development. 58 GRI Guidelines are regarded to be widely used to produce sustainability reports. GRI Guidelines apply to corporate businesses, public agencies, smaller enterprises, NGOs, industry groups and others. 59 ISO 9000 is a standard that provides a structure (a quality management system) to help organizations develop products and services that consistently ensure customer satisfaction and continuously improve their products, services and process. 60 SRI index refers to an index for social responsibility investment, whose key criteria for investment decisions include not only the financial performance of a company, but also its CSR. Responsible Business Initiative 63
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