Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development, administering monetary grants to non-profit organizations for the public benefit, or to conduct ethically oriented business and investment practices. While once it was possible to describe CSR as an internal organizational policy or a corporate ethic strategy similar to what is now known today as Environmental, Social, Governance (ESG); that time has passed as various companies have pledged to go beyond that or have been mandated or incentivized by governments to have a better impact on the surrounding community. In addition, national and international standards, laws, and business models have been developed to facilitate and incentivize this phenomenon. Various organizations have used their authority to push it beyond individual or industry-wide initiatives. In contrast, it has been considered a form of corporate self-regulation for some time, over the last decade or so it has moved considerably from voluntary decisions at the level of individual organizations to mandatory schemes at regional, national, and international levels. Moreover, scholars and firms are using the term "creating shared value", an extension of corporate social responsibility, to explain ways of doing business in a socially responsible way while making profits.
The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's largest corporate sustainability and corporate social responsibility initiative, with more than 20,000 corporate participants and other stakeholders in over 167 countries. The organization consists of a global agency, and local "networks" or agencies for each participating country. Under the Global Compact, companies are brought together with UN agencies, labor groups and civil society.
Initiatives of Change (IofC) is a global organisation dedicated to "building trust across the world's divides" of culture, nationality, belief, and background. Initiatives of Change was known as Moral Re-Armament (MRA) from 1938 to 2001, and the Oxford Group starting in 1929.
An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, impact investment, socially responsible investment, corporate social responsibility, and is also related to such movements as the fair trade movement, ethical consumerism, and social enterprise.
Andrew Michael MacLeod is an Australian/British philanthropist, businessman, author, humanitarian lawyer, and former aid worker.
Socially responsible investing (SRI) is any investment strategy which seeks to consider both financial return and social/environmental good. The areas of concern recognized by the SRI practitioners are sometimes summarized under the heading of environmental, social and governance (ESG) issues: environment, social, and corporate governance. Impact investing is subset of SRI that is generally more proactive and focused on the conscious creation of social impact through investment. Eco-investing is SRI with a focus on environmentalism.
Snam S.p.A. is an Italian energy infrastructure company.
Principles for Responsible Investment is a United Nations-supported international network of financial institutions working together to implement its six aspirational principles, often referenced as "the Principles". Its goal is to understand the implications of sustainability for investors and support signatories to facilitate incorporating these issues into their investment decision-making and ownership practices. In implementing these principles, signatories contribute to the development of a more sustainable global financial system.
The International Association of Schools of Social Work (IASSW) is a worldwide association of schools focused primarily on social work and social-work educators. The IASSW was founded in 1928.
UHC2030, formerly known as the International Health Partnership (IHP+), is a global platform which brings together multiple stakeholders to take action to advance progress towards universal health coverage (UHC) by mobilizing political commitment, demanding and tracking accountability, and promoting collective action for health systems. The global platform is co-hosted by the World Health Organization, the World Bank and the OECD.
Fondation Guilé is a Swiss foundation. This non-profit organization of Swiss private law has been founded in 1997 by the Charles Burrus family headquartered in Boncourt, Switzerland. The foundation’s mission is to promote corporate responsibility in the process of globalization, focusing on human and labour rights, environmental protection and business ethics. The foundation supports and promotes the ten principles of the United Nations Global Compact through the engagement with companies about their sustainability and corporate responsibility efforts and by organizing high-level events on the topic. The foundation defines its role as “catalyst in helping companies implement and report on the ten principles of the Global Compact” according to the founders Nado and Charles Burrus.
The United Nations Environment Programme Finance Initiative is a partnership between the United Nations Environment Program (UNEP) and the global financial sector to catalyse action across the financial system to align economies with sustainable development. As the UN partner for the finance sector, they convene financial institutions on a voluntary basis to work together with them, and each other, to find practical solutions to overcome the many sustainability challenges facing the world today. UNEP FI does this by providing practical guidance and tools which support institutions in the finance sector to find ways to reshape their businesses and commit to targets for limiting greenhouse gas emissions, protecting nature, promoting a circular economy and supporting financial inclusion to address inequality. The solutions developed effectively form a blueprint for others in the finance sector to tackle similar challenges and evolve their businesses along a sustainable pathway. The creation and adoption of such a blueprint also informs policy makers concerned with sustainability issues about what would constitute appropriate regulation for the finance sector at large. Founded in 1992, UNEP FI was the first organisation to pioneer engagement with the finance sector around sustainability. The Finance Initiative was responsible for incubating the Principles for Responsible Investment and for the development and implementation of UNEP FI’s Principles for Responsible Banking and Principles for Sustainable Insurance as well as the UN-convened net-zero alliances. Today, UNEP FI provides sustainability leadership to more than 400 financial institutions, with assets of well over $80 trillion headquartered around the world.
Multistakeholder governance is a practice of governance that employs bringing multiple stakeholders together to participate in dialogue, decision making, and implementation of responses to jointly perceived problems. The principle behind such a structure is that if enough input is provided by multiple types of actors involved in a question, the eventual consensual decision gains more legitimacy, and can be more effectively implemented than a traditional state-based response. While the evolution of multistakeholder governance is occurring principally at the international level, public-private partnerships (PPPs) are domestic analogues.
Georg Kell is the founder and former Executive Director of the United Nations Global Compact. He is also the Chairman of Anglo-German asset manager, Arabesque Partners.
The Islamic Reporting Initiative (IRI) is an independent nonprofit organization leading the creation of the IRI Standard: a reporting standard for Environmental, social and corporate governance (ESG) based on Islamic principles and values. Its objective is to enable organizations to inclusively assess, report, verify and certify their ESG and philanthropic programs in support of the United Nations Sustainable Development Goals.
IFM Investors is a provider of investment services, headquartered in Melbourne, Australia.
Together for Sustainability AISBL (TfS) is a joint initiative of chemical companies, founded in 2011. It focuses on the promotion of sustainability practices in the chemical industry's supply chain, currently gathering chemical companies around a single standard of auditing and assessment.
Sanda Ojiambo, is a Kenyan administrator who serves as the as assistant secretary-general of the United Nations Global Compact, effective April 2022. Before that, from 17 June 2020 until 22 April 2022, she served as executive director of the United Nations Global Compact, succeeding Lise Kingo of Denmark.
Global Goals Week is a shared commitment between a coalition of over 160 partners across all industries, which mobilizes annually in September to bring together communities, demand urgency, and supercharge solutions for the Sustainable Development Goals (SDGs). It was founded in 2016 by the United Nations Foundation, Project Everyone, and the United Nations Development Programme (UNDP). It is timed to coincide with the UN General Assembly "High-Level Week" in New York. The week includes events, summits, conferences, forums, workshops, pledges, and other activations in New York, around the world, and online. It usually runs alongside Climate Week NYC, the annual conference of Goalkeepers, Bloomberg Global Business Forum and many other high-level events.
Sustainable Development Goals and Lebanon explains major contributions launched in Lebanon towards the advancement of the Sustainable Development Goals SDGs and the 2030 agenda.
