By Jane Lister

Public obstacle approximately worsening international environmental and social stipulations has resulted in skepticism in regards to the efficacy of voluntary company social accountability (CSR) courses, and to strain for governmental CSR engagement. one of many first stories to enquire the function of the country in CSR, this e-book presents perception into the recent governance version of private-public co-regulation rising worldwide. analyzing wooded area certification in Canada, the USA, and Sweden, Lister attracts on wide interviews with specialists to supply targeted facts on CSR governance, finally arguing the significance of CSR as a complement to instead of an alternative to nation regulation.

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1 Specifically, exemplary corporations undertake firm-level sustainability management programs such as environmental auditing and reporting, life cycle assessments, stakeholder consultation, supply chain greening, socially responsible investing, and sustainability reporting. As well, many firms that embrace CSR cooperate in the development and implementation of industry-level CSR codes and standards. These are broader accountability and transparency initiatives that encompass general CSR principles as well as firm-level management programs.

With respect to politics, the private governance bodies are encouraging multi-stakeholder policy deliberation and increasing direct stakeholder rule-making responsibility. And with regard to policy, the private standards are establishing rules that not only reinforce legal requirements but also go beyond the law. Thus, as will be evaluated over the course of this book, the emergence of private environmental governance authority has significant implications for policy making, the traditional role of government, and overall state capacity to address local and global sustainability challenges.

Policy scholars also argue that voluntary approaches can enhance efficiency and effectiveness by positioning the development and implementation of agreements in the hands of those closest to and most knowledgeable about the issues (Schulz and Held 2004). Some analysts disagree with the generally held position that government regulations raise costs and encourage inefficiencies and competitive disadvantage. For example, Porter and van der Linde (1995) argue that properly designed environmental regulations can trigger innovations that can offset the costs of reducing the negative effect of operations on the environment, resulting in “enhanced resource productivity” (greater efficiencies) and making companies more competitive in the global market.

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