The increase of social and environmental responsibility by business, linked to the principle of corporate accountability, represents an essential element of the European Social Model and of Europe’s strategy for Sustainable Development, according to the European Parliament which adopted an own initiative report by Richard Howitt (PES, UK) on Corporate Social Responsibility.
The report underlines that Corporate Social Responsibility (CSR) policies should be promoted on their own merits, neither as a substitute for appropriate regulation in relevant fields, nor as a covert approach to introducing such legislation. Agreeing with the Commission of the term, the EP defines CSR as “the voluntary integration of environmental and social considerations into business operations, over and above legal requirements and contractual obligations” The Commission is called upon to encourage dissemination of good practice resulting from voluntary CSR initiatives and believe that the Commission should also consider establishing a list of criteria for enterprises to respect if they claim to be responsible.
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