Statements of intent are not enough
Without questioning the value of Charts of Ethics or Codes of Conduct, they don’t always provide specific information on company activity.
They certainly help companies define their values. However, as opposed to the managerial approach to social responsibility, they provide no guarantee that companies will mitigate their social, environmental or governance impacts.
Towards sustainable and responsible performance
Social responsibility is a commitment to responsible performance. As long as it serves legitimate objectives and is performed in a rational way, social responsibility:
- Is corporate responsibility
- Reduces organisational risk
- Strengthens ESG and economic performance
- Enables positive differentiation.