Building on EU’s Domestic Experience in Inclusive Green Economy – case 3: the EU Strategy on Corporate Social Responsibility, by the SWITCH to Green facility
The European Commission promotes Corporate Social Responsibility (CSR) in the EU and encourages enterprises to adhere to international guidelines and principles.
CSR refers to companies taking responsibility for their impact on society. CSR is important for the sustainability, competitiveness, and innovation of EU enterprises and the EU economy. It brings benefits for risk management, cost savings, access to capital, customer relationships, and human resource management. It is generally company led, but public authorities can play a supporting role through a smart mix of voluntary policy measures and, where necessary, complementary regulation.
As most of Europe’s consumption involves products that are either fully imported or to some extent manufactured with parts produced in other areas of the world, CSR for European companies or retailers often extends beyond the borders of the EU.
Read the full case study, including relevant sources, documents, multimedia publications and links at https://www.switchtogreen.eu/?p=1188 on how lessons learnt from Europe on implementing CSR can help manufacturers in global supply and value chains to implement sustainable business and apply social and environmental accountability, responsibility and transparency.