On 27 June 2013, the Government published a call for views on corporate responsibility with a view to developing a framework for action. The Government paper defines the term ‘corporate responsibility’ as the ‘responsibility of an organisation for the impacts of its decisions and activities on society and the environment through transparent and ethical behaviour above and beyond its statutory requirements’. Key questions raised in the paper include:
- how can the Government encourage more businesses to adopt internationally recognised guidelines;
- how can companies manage their supply chains responsibly;
- ohw can best practices be adopted by small and medium sized companies when these practices are normally associated with big business;
- what are the main obstacles to business contributing to social initiatives; and
- what more can the Government and business do to enhance the information available to consumers who wish to take account of ethical considerations when buying goods or services.
Comments are requested by 27 September 2013. The Government intends to publish a framework for action on corporate responsibility by the end of 2014.
Government Paper: Corporate Responsibility available at: https://www.gov.uk/government/uploads/system/uploads/ attachment_data/file/209219/bis-13-964-corporate-responsibilitycall.pdf