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Week 8 BB - MGMT 350 International Business Management...

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International Business & Management Laura Min Jackson, MSOD MGMT 350
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Defining CSR Corporate Social Responsibility (CSR) : “Corporate activity should be motivated in part by a concern for the welfare of some non-owners, and by an underlying commitment to basic principles such as integrity, fairness and respect for persons.” IBM Institute for Business Value: Attaining Sustainable Growth Through Corporate Social Responsibility
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UN Global Compact Encourage businesses worldwide to adopt standardized, sustainable and socially responsible policies Principle-based framework encompassing human rights, labour, the environment, anti-corruption Considered the world's largest voluntary corporate citizenship initiative Objectives: Mainstream the 10 principles in business globally Catalyse actions in support of broader UN goals, such as the Millennium Development Goals (MDGs) Announced in January 1999; launched in July 2000 IBM Institute for Business Value: Attaining Sustainable Growth Through Corporate Social Responsibility
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Millennium Development Goals
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UN Global Compact’s 10 Principles Human Rights Principle 1 : Support and respect the protection of internationally proclaimed human rights; and Principle 2 : Make sure that they are not complicit in human rights abuses. Labour Standards Principle 3 : the freedom of association and the effective recognition of the right to collective bargaining; Principle 4 : the elimination of all forms of forced and compulsory labour; Principle 5 : the effective abolition of child labour; and Principle 6 : the elimination of discrimination in employment and occupation.
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