Statements of intent are not enough
While not questioning the relevance and sincerity of Charts of Ethics or Codes of Conduct, they do not always provide information on the materiality of the activities undertaken.
They are certainly useful to the company in defining its specific values. However, contrary to the managerial approach of social responsibility, they provide no assurance that the company will mitigate its social, societal, environmental, or governance impacts.
Towards sustainable and responsible performance
Social responsibility is a commitment to support responsible performance. As long as it serves legitimate objectives and is performed in a rational way, social responsibility:
- Is a corporate responsibility
- Reduces risks of organisations inherent to their activities
- Strengthens ESG and economic performance
- Enables positive differentiation.