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Regulations and compliances

Globally there are debates on whether there should be regulations on CSR because then it ceases to be CSR and enters the zone of regulatory compliance. Many argue that it is the role of the government to take care of her citizens by providing necessary infrastructure and services and that is not a function that should be excused through CSR regulations.

If one understands the CSR Tree, it would be clear that following regulations in true spirit - self , industry, issuewise and at times governmental, help companies not only improve their performace but also their reputation. On the other hand, signing global principles without following the spirit exposes the company even more.

 

Industry
Equator Principles
Electronic Industry Citizenship Coalition Code of Conduct
Ethical Trading Initiative
Global eSustainability Initiative

UN
MDGs
Human Rights

Issuewise
Children
Disability

National - Govt
International
Self