IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-319-46849-5_2.html
   My bibliography  Save this book chapter

International Policies and Regulatory Instruments for Non-financial Reporting

In: Corporate Sustainability, Social Responsibility and Environmental Management

Author

Listed:
  • Mark Anthony Camilleri

    (University of Malta)

Abstract

Corporate social responsibilitysocial responsibility (CSR) Corporate Social Responsibility often involves the development of network relations as both private and government actors invest in and draw upon social capital (Habisch & Moon, 2006). CSR necessitates legal compliance as well as ‘customary ethicsEthics’ (Carroll, 1991). In this context, it seems that a motivation for CSR may be borne out as a necessity to offset the threat of regulation. ‘Many companies prefer to be one step ahead of government legislation or intervention, to anticipate social pressures themselves’, (Moon & Richardson, 1985, p. 137 in Crane, Matten, & Spence, 2008, p. 308). Therefore, non-governmental organisations (NGOs Non-Governmental Organisations (NGOs) ) Non-Governmental Organisations (NGOs) sought to step into the regulatory vacuum created by the inadequacies of both national governments and international institutions to regulate multinational corporations Multinational Corporations (MNC) Corporations (MNCs Multinational Corporations (MNC) ) by forging alliances with consumers, institutional investors and companies themselves (Newell, 2000, pp. 117–118). While they cannot replace the role of the state, these social movements have created new mechanisms of global business regulation. According to Knill and Lehmkuhl (2002, p. 442); global corporate responsibility is intended to compensate for the decreasing capacities of national governments for providing public goods. CSR may have represented an effort to challenge the increasing reluctance of national governments to impose regulations on global firms that could have discouraged domestic investment. Hence, the aim of this chapter is to better understand how business and government may become more aligned with regards to the regulatory aspect of CSR. This contribution suggests that there is scope for governments to take an active leading role in triggering responsible behaviours among firms. The businesses themselves will realise that appropriate environmentalEnvironment, social and governance Environmental, Social and Governance (ESG) regulations can bring in economic value as well.

Suggested Citation

  • Mark Anthony Camilleri, 2017. "International Policies and Regulatory Instruments for Non-financial Reporting," Springer Books, in: Corporate Sustainability, Social Responsibility and Environmental Management, chapter 0, pages 27-40, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-46849-5_2
    DOI: 10.1007/978-3-319-46849-5_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-319-46849-5_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.