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| Author: | Bremer, J.A. |
| Title: | How global is the Global Compact? |
| Journal: | Business Ethics
2008 : JUL, VOL. 17:3, p. 227-244 |
| Index terms: | corporate governance social responsibility corporate responsibility private sector globalization networks international co-operation United Nations |
| Language: | eng |
| Abstract: | Started in 2000 by the United Nations (UN), the Global Compact (GC) promotes private sector compliance with 10 basic principles including human rights, labour standards, the environment, and anti-corruption. GC's sponsors aim to establish a global corporate social responsibility (CSR) network based on an engagement to observe the 10 principles adopted by companies. The study analyzes the GC's progress toward building a global network from its launch through 2006. It is found that, while the GC's nominal membership amount of nearly 3000 companies makes it the largest system among collective action institutions (CAIs) for CSR, the GC has not reached 'critical mass'. Deficiences in the emergent global network consist of limited market penetration among the largest corporations, a membership leaning towards Western European companies, and major weaknesses in its reporting system compliance. It is concluded that the GC has to improve both compliance and penetration if it aims to succeed in building a global standard for CSR. |
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