International Trade and Corporate Social Responsibility

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "International Trade and Corporate Social Responsibility"

Transcription

1 International Trade and Corporate Social Responsibility Professor Kevin Kolben Rutgers Business School, Newark and New Brunswick, New Jersey, USA Testimony Before the Committee on International Trade European Parliament Brussels, Belgium February 23, 2010 Introduction I would like to thank the Committee on International Trade for inviting me today to make some remarks on the subject of trade and Corporate Social Responsibility (CSR). It is a great honor and pleasure to be able to contribute to this very important discussion, and to participate as an American visitor in these proceedings. I would like in my brief remarks to try and help frame some of the issues that we are discussing today, addressing them in particular from my own area of expertise, which is transnational labor regulation and trade. I d like to make a few points and raise a few questions to help frame the conversation today for the experts and participants who are here and who have extensive experience in CSR, and from whom I look forward to learning a great deal. The points and questions are as follows. Firstly, I would like to ask why it is that it is important to incorporate what are often thought of as non-trade issues into bilateral trade agreements, and to ask what are the ends of linking trade with CSR. I would suggest there are important political reasons to link trade and social issues, and that the ends of such linkage should be a) to protect human rights of course, but also b) to achieve development, broadly defined. Development means increasing the capabilities of individuals, as well as developing and not replacing the regulatory institutions of developing countries. Secondly, we need to understand what are the potential and the limitations of linking trade and CSR. While trade agreements tend to focus on state action, CSR can be better at reaching companies, particularly where regulatory capacity is weak in a given country. Third, we need to ask and understand what it is that we mean by CSR? I will suggest that we should conceptualize CSR as a set of processes, voluntary and mandatory, that can help 1

2 companies realize the expectations of their stakeholders, while at the same time engaging with governments to help advance their own regulatory capabilities. Finally, I will suggest that a development based CSR approach to trade would include the creation of experimental, development grounded programs that can help achieve the goals of development, and I will give a couple of brief examples. 1) Why Trade and CSR? To think about the question of trade and CSR, we should first ask what the function of trade is, and why the inclusion of social and environmental standards has become part of the bilateral trade agenda in the United States and in Europe. As I understand the question, thinking about trade and CSR is an aspect, or perhaps a subset, of thinking about the broader question of trade and labor or trade and human rights linkage. The primary function of trade agreements is to reduce economic and non-economic barriers to the free flow of goods and services. But this pure, economic conception has given way to a more socially embedded notion, whereby trade liberalization and globalization must be undertaken in a way that complies with the expectations of citizens both citizens of the nation state as well as the more abstract global citizenry. The incorporation of labor, environmental, and human rights provisions in trade agreements signals that economic growth must be done responsibly, and must take place in a context that recognizes that liberalization without regard for the social is bound to fail. It will fail in part because we must remember that trade liberalization is not the default state of affairs, but rather one that we aim to achieve. In democratic societies such as the EU, trade liberalization will only take place when the citizens and stakeholders consent to the institutions of liberalization, such as trade, investment, and economic growth. But consent will not be likely to occur or be sustainable if the institutions and processes of liberalization take place in a manner contrary to the preferences of the citizenry. And many studies have in fact shown that a majority of people around the world, in both developed and developing countries, believe that environmental protections 1 and labor protections ought to be part of trade regimes. 2 1 Chicago Council Foreign Relations, World Public Opinion (2007) 2 Id.; Brian Burgoon, The Distinct Politics of the European Union s Fair Trade Linkage to Labour Standards, European Foreign Affairs Review, Vol. 14, p (2009). 2

3 The Development Aims of the Social Aspect of Trade In conceptualizing the role of CSR in trade regimes, we must also keep in mind what is the purpose of linking social issues to trade, including those related to CSR. I want to suggest that, just as the EU has done in its broader social global policies, 3 we need to think about trade and CSR from a development perspective, as well. Why is this so? Well, trade liberalization for its own sake is not a particularly compelling objective. What is compelling about liberalizing and expanding trade is that it can potentially lead to greater developmental outcomes for the citizens whose countries are liberalizing. Increasing overall GDP, which is what trade liberalization does best, is not a satisfying definition of development. As many commentators have argued, development no longer means simply increasing GDP. Rather, development has increasingly come to be understood, as Amartya Sen, Martha Nussbaum, and others have articulated it, as the process of increasing the capabilities of people to achieve and realize the lives that they deem worth living. While this sounds abstract, it helps us think about what are the goals of trade liberalization, and how we want to orient a particular CSR and trade regime. Trade policy ought to be grounded therefore in achieving development goals. Not simply economic growth for its own sake, but rather achieving a broader set of objectives that we as global citizens deem important and central to what we conceptualize to be important for human flourishing. But we must also remember that an important element of development is the creation of democratic institutions, building the rule of law, and developing regulatory capacity. A CSR approach to trade should not be a substitute for well functioning, accountable regulatory institutions. CSR and private forms of regulation, I would argue, lack the legitimacy of a functioning democratic state, and thus we must be very careful about replacing public regulatory instruments with CSR. 3 Jan Orbie & Lisa Tortell, Exporting the European Social Model, Journal of European Social Policy, Vol. 19, p (2009). 3

4 2) Potential and Limitations of Linking Trade and CSR Trade Agreements Focus on the State But while we might agree that trade and human rights or trade and CSR ought to be linked, we need to be clear about the limitations of the trade agreements as a vehicle of development. Trade agreements and the human rights, labor, or environmental provisions in them, are potentially limited in their ability to impact the conduct of companies. This is because trade agreements are primarily intended to create conditions to create a mutually agreeable framework for liberalizing trade flows between countries. These frameworks include the rules of the game, as well as mechanisms to settle disputes between the parties when one party believes that the rules have been broken. Generally speaking, these rules concern the conduct of states. CSR Focus on Companies But what happens when a trading partner, as is often the case, has a very weak regulatory regime in which it is unable to enforce the law or the expectations of global society? This is where the value of CSR comes into play, particularly in developing countries. CSR is so compelling, and also necessary for many corporations, because their stakeholders often expect and demand greater regulation of corporate supply chains than host states can provide. Thus it is left to the corporation, as well as other non-state actors in civil society to fill in the gaps. Often, host governments are not willfully allowing companies to violate the law, but rather struggle with low capacity to do so. This is where the notion of CSR can, I think, be helpful, albeit with the caveat that it not play a substitution or displacement role to the state. 3) What is a CSR Approach to Trade? But before we can discuss the possible constructive role of CSR in trade regimes, I think we need to try and define what we mean by CSR. The concept of CSR is grounded in the notion that there exists a social contract between the corporation and society that requires it to behave in ways that society expects of it. This, however, is of little help in defining what exactly those 4

5 expectations are. CSR is thus an inherently vague concept and its precise definition varies widely depending on the industry and the context, and there is often disagreement over whether or not CSR is, for example, purely voluntary or mandatory, what standards should apply, and who are the key stakeholders. The European Parliament in its 2006 report for example notes that Corporate Social Responsibility represents business taking more direct responsibility for managing its social and environmental impact, becoming more openly accountable not simply to employees and their trade unions, but also to wider 'stakeholders' including investors, consumers, local communities, environmental and other interest groups. 4 I would like to suggest that, at least in the context of trade regimes, we might think about CSR not so much as a set of outcomes or concrete standards, but rather as a set of processes and methods. These processes and methods are mechanisms to create incentives for companies to comply with domestic and international norms of conduct, and to help ensure that they conform to the expectations of the various stakeholders, particularly in weak regulatory environments. What are some of these processes and methods? I would propose a working list that would include the related concepts of a) transparency, b) monitoring, c) reporting, and d) accountability. 4) Incorporating CSR into Trade So if we talk about CSR as a set of processes, how might trade agreements be designed in order to facilitate or catalyze these processes? How might we design trade regimes to unleash CSR processes as a vehicle to achieve the expectations that we have for global and domestic companies? How can trade and CSR be combined to achieve the goals of development, and not serve as a mechanism to replace the democratic state and its regulatory institutions with a system that lacks democratic legitimacy? What I would like to propose is that we think about trade and CSR in terms of combining the tools of trade, which create incentives for states, and the tools of CSR, which create incentives for companies, and think about how they can realize development goals. To repeat, the goals of development include improving people s capabilities to lead the lives they deem 4 European Parliament, Committee on Employment and Social Affairs, Report on Corporate Social Responsibility, p. 17 (2006). 5

6 worth living, which I believe includes such issues as having their basic human rights respected, but also developing the regulatory capacity of democratic institutions of governance. How we do this will be highly context specific and tailored to the specific circumstances of a given country. Unfortunately, in practice there are very few examples of combining CSR and trade. One of the only, and also and most interesting, is the now famous Cambodia experiment that now has taken the name Better Factories. Better Factories started out as the product of a free trade agreement between the U.S. and Cambodia. As a condition of textile trade with Cambodia, the United States required that a program be implemented that would verify if labor conditions in the factories were in compliance with Cambodian and international standards. If they were found to be in compliance, Cambodia would receive extra quota allotments. All companies as a condition of receiving an export license were required to participate. The monitoring regime used what I have termed a CSR process. Independent monitors not connected with the under resourced Ministry of Labor conducted inspections based on a labor checklist. This information was made into a report that would be shared with the local factory, and if the factory gave its permission, to multinational buyers, such as the Gap or H&M. Summaries of the findings would then be made public in a synthesis report that was made available online. What become clear in my interviews with a number of the factory owners is that the fear of buyers cutting contracts based on bad labor reports drove them to make real changes in their labor practices. This program is now aiming to turn into a self-sustaining program primarily funded by corporate subscribers to the information and reporting service. Cambodia is generally touted as a success story, although a mitigated one. Better Factories has also evolved into a larger program called Better Work that is a joint project of the ILO and the World Bank s International Finance Corporation. One of the few places that the very young Better Work program is operating is in Haiti, where the United States government is funding the program as part of a requirement in its HOPE II preferences program that the ILO establish a program to verify labor standards compliance. Better Work, which is fundamentally a CSR program, is providing that role. The program is also currently operating in two other countries that enjoy bilateral agreements with the US, such as Jordan and Vietnam, although the programs have no direct link with those agreements. I believe that programs such as these hold much promise for helping us think about and devise experimental, innovative trade and CSR regimes. But at the same time, it is important to take a hard look at what they can achieve, and what they cannot. Have these trade linked CSR programs been, or will they be successful, for example, in achieving the development goals that 6

7 we wish to ascribe to them? Have labor rights been improved? More difficult to know and evaluate, have they done anything to improve the capacity of the states in which they work to regulate themselves using democratically accountable regulatory institutions? Conclusion So to conclude, I have sought to raise the following questions and points in regards to the discussion over trade and CSR: 1) The development goals of linking trade and CSR, including the importance of not conceptualizing CSR as a substitute for democratically accountable state-based law and regulation. 2) The limits and potential of trade agreements and CSR to achieve those development goals. 3) A proposal that we adopt a procedural and methods approach to CSR in the effort to link trade and CSR. 4) And finally my suggestion that we should use this opportunity for trade and CSR linkage to think about experimental and innovative collaborations between state and non-state systems of governance, provided that they are directed towards our democratic and developmental objectives. Thank you for your time, and I look forward to the ensuing discussion. 7

Cambodian Preparedness for ASEAN Economic Community 2015 Presentation to the Bar Association of the Kingdom of Cambodia By Mr. Sok Siphana Member of

Cambodian Preparedness for ASEAN Economic Community 2015 Presentation to the Bar Association of the Kingdom of Cambodia By Mr. Sok Siphana Member of Cambodian Preparedness for ASEAN Economic Community 2015 Presentation to the Bar Association of the Kingdom of Cambodia By Mr. Sok Siphana Member of the Bar Council 1 Outline n Background n Progress and

More information

1 - EU Commission Communication-Trade for All. BUSINESSEUROPE assessment KEY MESSAGES. November 2015

1 - EU Commission Communication-Trade for All. BUSINESSEUROPE assessment KEY MESSAGES. November 2015 November 2015 EU Commission Communication-Trade for All BUSINESSEUROPE assessment KEY MESSAGES 1-2 3 4 We welcome the intention to maintain an ambitious and forward-looking trade and investment agenda

More information

Political Economy Analysis Country Strategy Tool

Political Economy Analysis Country Strategy Tool Political Economy Analysis Country Strategy Tool Description: The tool is a synthesis of existing approaches to Political Economy Analysis (PEA). Its aim is to build on existing knowledge of political

More information

CSR & Business and Human Rights

CSR & Business and Human Rights CSR & Business and Human Rights Dr. Brigitte Hamm VASS - Workshop Vietnam Short introduction of INEF Global Economy as context for CSR CSR concept 1. 2. 3. 1. 2. 3. 4. 4. 5. Definition of CSR CSR in a

More information

A COLLABORATIVE FRAMEWORK FOR GUIDING POST-MFA ACTIONS. MFA Forum

A COLLABORATIVE FRAMEWORK FOR GUIDING POST-MFA ACTIONS. MFA Forum FOR GUIDING POST-MFA ACTIONS MFA Forum March 2005 CONTENTS The Context... 1 The MFA Forum... 1 The Need for Action... 2 Shared Responsibilities... 3 Overarching Principles... 5 The Roles of Individual

More information

The Committee is invited to forward the draft Conclusions to the Council (EPSCO) for adoption at its session on 7 December 2015.

The Committee is invited to forward the draft Conclusions to the Council (EPSCO) for adoption at its session on 7 December 2015. Council of the European Union Brussels, 12 November 2015 13766/15 SOC 643 EMPL 423 NOTE from: General Secretariat of the Council to: Permanent Representatives Committee (Part I) / Council No prev.doc:

More information

NASPAA Accreditation. Policy Briefs. Crystal Calarusse

NASPAA Accreditation. Policy Briefs. Crystal Calarusse NASPAA Accreditation Policy Briefs Crystal Calarusse What are the Characteristics of NASPAA Accreditation? Crystal Calarusse 1 April 2015 The Commission on Peer Review and Accreditation (COPRA) of the

More information

Provisions in TTIP should not interfere with voluntary and business-driven approaches by companies such as corporate social responsibility (CSR).

Provisions in TTIP should not interfere with voluntary and business-driven approaches by companies such as corporate social responsibility (CSR). POSITION PAPER May 2015 TTIP: the sustainability chapter KEY MESSAGES 1 pr in ci 2 pl e 3 p ur 4 p o 5 s e a n d fu n ct io The main objective of TTIP is to boost trade and investments between the European

More information

Towards 2017 Better Work Phase III Strategy

Towards 2017 Better Work Phase III Strategy Towards 2017 Better Work Phase III Strategy Towards 2017 Better Work Phase III Strategy Promoting Good Working Conditions Across the International Garment Industry Problem Analysis Sixty million workers

More information

EXPLANATORY MEMORANDUM TO THE EUROPEAN UNION (DEFINITION OF TREATIES) (COLOMBIA AND PERU TRADE AGREEMENT) ORDER No. 266

EXPLANATORY MEMORANDUM TO THE EUROPEAN UNION (DEFINITION OF TREATIES) (COLOMBIA AND PERU TRADE AGREEMENT) ORDER No. 266 EXPLANATORY MEMORANDUM TO THE EUROPEAN UNION (DEFINITION OF TREATIES) (COLOMBIA AND PERU TRADE AGREEMENT) ORDER 2014 2014 No. 266 1. This explanatory memorandum has been prepared by the Department for

More information

Good governance and the Non-Governmental Organizations

Good governance and the Non-Governmental Organizations Good governance and the Non-Governmental Organizations Magdalena Stankowska Member of the Polish Delegation to the OSCE Abstract In this article I would like to concentrate on connections between the values

More information

Extracts from Ruggie s Law: filling the human rights governance gap for multinationals in public international law 1

Extracts from Ruggie s Law: filling the human rights governance gap for multinationals in public international law 1 Extracts from Ruggie s Law: filling the human rights governance gap for multinationals in public international law 1 BY JAN EIJSBOUTS 2 1 Effectius is grateful for the friendly cooperation of Jan Eijsbouts

More information

The Clean Clothes Campaign

The Clean Clothes Campaign Contact : Carole Crabbé, coordinator achact (CCC in French-speaking Belgium) carole@achact.be Tél +32 (0)10 45 75 27-16 Place de l Université, 1348 Louvain-la-Neuve Clean Clothes Campaign Contribution

More information

to the UN Working Group on Business and Human Rights Open Consultation on National Action Plans on Business and Human Rights Geneva, 20 February 2014

to the UN Working Group on Business and Human Rights Open Consultation on National Action Plans on Business and Human Rights Geneva, 20 February 2014 Presentation on behalf of Centre for Applied Legal Studies, Wits University (CALS) & Partners to the UN Working Group on Business and Human Rights Open Consultation on National Action Plans on Business

More information

Negotiating a Deep Regional Trade Agreement Simulation Exercise prepared for CUTS training seminar October, 2007

Negotiating a Deep Regional Trade Agreement Simulation Exercise prepared for CUTS training seminar October, 2007 Negotiating a Deep Regional Trade Agreement Simulation Exercise prepared for CUTS training seminar 21-27 October, 2007 Common Facts Northistan and Southistan should be negotiating a free trade agreement,

More information

CHAPTER 13: International Law, Norms, and Human Rights

CHAPTER 13: International Law, Norms, and Human Rights CHAPTER 13: International Law, Norms, and Human Rights MULTIPLE CHOICE 1. Why did the former Secretary General of the United Nations, Kofi Annan, state that the US invasion of Iraq in 2003 was illegal?

More information

European Youth Forum Policy Paper Guiding Principles on Common Objectives for Voluntary activities and Greater understanding of young people

European Youth Forum Policy Paper Guiding Principles on Common Objectives for Voluntary activities and Greater understanding of young people European Youth Forum Policy Paper Guiding Principles on Common Objectives for Voluntary activities and Greater understanding of young people Adopted by the Council of Members, 21-22 November 2003 Rome

More information

Financial Reporting Council

Financial Reporting Council Financial Reporting Council What constitutes an explanation under 'comply or explain'? risk in financial reports Report of discussions between companies and investors February 2012 Introduction Through

More information

10721/16 GSC/lt 1 DGB 2B

10721/16 GSC/lt 1 DGB 2B Council of the European Union Brussels, 28 June 2016 (OR. en) 10721/16 OUTCOME OF PROCEEDINGS From: General Secretariat of the Council On: 28 June 2016 To: Delegations No. prev. doc.: 10320/16 REV 1 Subject:

More information

The Transatlantic Trade and Investment Partnership (TTIP) State of Play

The Transatlantic Trade and Investment Partnership (TTIP) State of Play The Transatlantic Trade and Investment Partnership (TTIP) State of Play 27 April 2016 27 April 2016 Background / context for the negotiations The European Union and the United States have the most integrated

More information

THE CULTURE OF INNOVATION AND THE BUILDING OF KNOWLEDGE SOCIETIES. - Issue Paper -

THE CULTURE OF INNOVATION AND THE BUILDING OF KNOWLEDGE SOCIETIES. - Issue Paper - THE CULTURE OF INNOVATION AND THE BUILDING OF KNOWLEDGE SOCIETIES - Issue Paper - UNESCO, Bureau of Strategic Planning September 2003 1 I. The past and present scope of innovation During the last two decades,

More information

Let me open this discussion by referring to the second paragraph of the Bologna Declaration. It stated:

Let me open this discussion by referring to the second paragraph of the Bologna Declaration. It stated: THE IMPLEMENTATION OF POLITICAL GOALS IN PRACTICE: FIVE YEARS OF THE BOLOGNA PROCESS Ian McKenna, Chair, Bologna Follow-Up Group Let me open this discussion by referring to the second paragraph of the

More information

Trading Forum 2013 Geneva, 12 th March 2013 Financial market regulation and commodity markets

Trading Forum 2013 Geneva, 12 th March 2013 Financial market regulation and commodity markets Federal Department of Finance FDF State Secretariat for International Financial Matters SIF Multilateral Affairs Trading Forum 2013 Geneva, 12 th March 2013 Financial market regulation and commodity markets

More information

Stakeholder Engagement Planning Overview

Stakeholder Engagement Planning Overview Stakeholder Engagement Planning Overview Welcome to the Stakeholder Engagement Planning Toolkit We have built a Toolkit a set of Steps, Actions and Tools to support our engagement efforts and to build

More information

Code of Practice on Electronic Invoicing in Europe

Code of Practice on Electronic Invoicing in Europe Code of Practice on Electronic Invoicing in Europe 24 th March 2009 Version 0.17 Approved by Expert Group Plenary on 24 th March 2009 This Code of Practice on Electronic Invoicing in Europe is recommended

More information

Code of Practice on Electronic Invoicing in Europe

Code of Practice on Electronic Invoicing in Europe Code of Practice on Electronic Invoicing in Europe 24 th March 2009 Version 0.17 Approved by Expert Group Plenary on 24 th March 2009 This Code of Practice on Electronic Invoicing in Europe is recommended

More information

Towards a Measurement Agenda for Innovation

Towards a Measurement Agenda for Innovation Towards a Measurement Agenda for Innovation Towards a Measurement Agenda for Innovation builds on the OECD s half-century of indicator development and the challenge presented by the broad horizontal focus

More information

SBF Foundation Research Review: A Best-Practices Model for CSR

SBF Foundation Research Review: A Best-Practices Model for CSR SBF Foundation Research Review: A Best-Practices Model for CSR Christopher Eng / Gregory Teo / Yeoh Lai Lin / 10 December 2014 1. Introduction The purpose of this paper is to outline contemporary research

More information

TO ARRANGE THE DIAGRAM AND TEXT, PLEASE USE THE FOLLOWING INSTRUCTIONS: 1) Print out the 14 pages on letter-sized paper. 2) Arrange the pages of the

TO ARRANGE THE DIAGRAM AND TEXT, PLEASE USE THE FOLLOWING INSTRUCTIONS: 1) Print out the 14 pages on letter-sized paper. 2) Arrange the pages of the 1 This printable version of the diagram is a great teaching tool for communities and advocates to understand the theory that can cause change and achieve democratic economies. The successful transition

More information

PLAN OF ACTION PARTNERSHIP FOR SUSTAINABLE TEXTILES

PLAN OF ACTION PARTNERSHIP FOR SUSTAINABLE TEXTILES PLAN OF ACTION PARTNERSHIP FOR SUSTAINABLE TEXTILES CONTENTS A. PREAMBLE 3 B. Objectives 5 C. Implementation strategy 6 D. Cooperation structures 8 E. Conditions of participation 9 ANNEX 13 A. PREAMBLE

More information

These guidelines can help you in taking the first step and adopt a sustainability policy as well as plan your further sustainability communication.

These guidelines can help you in taking the first step and adopt a sustainability policy as well as plan your further sustainability communication. SUSTAINABILITY POLICY AND COMMUNICATION GUIDELINES Why communicate about sustainability? IFU encourages all our investments to be transparent and informative about business and sustainability performance

More information

BEREC Monitoring quality of Internet access services in the context of Net Neutrality

BEREC Monitoring quality of Internet access services in the context of Net Neutrality BEREC Monitoring quality of Internet access services in the context of Net Neutrality BEUC statement Contact: Guillermo Beltrà - digital@beuc.eu Ref.: BEUC-X-2014-029 28/04/2014 BUREAU EUROPÉEN DES UNIONS

More information

WORLD REPORT ON CHILD LABOUR

WORLD REPORT ON CHILD LABOUR WORLD REPORT ON CHILD LABOUR Paving the way to decent work for young people 2015 Executive Summary Executive summary The case for accelerated global action targeting child labour and the lack of decent

More information

1) The present separation of powers and the dual roles of legal profession

1) The present separation of powers and the dual roles of legal profession Business lawyers are not up to date on corporate responsibility Based on the speech by Claes Cronstedt at a seminar arranged by the International Law Association, 4 April 2012, in Stockholm. 1) The present

More information

Final Report High Level Working Group on Jobs and Growth

Final Report High Level Working Group on Jobs and Growth Final Report High Level Working Group on Jobs and Growth February 11, 2013 INTRODUCTION As the United States-European Union High Level Working Group on Jobs and Growth (HLWG) noted in its June 19, 2012

More information

The Role of the Public Sector In Corporate Social Responsibility. Philip Dalsou Permanent Secretary Ministry of the Public Service & HRD

The Role of the Public Sector In Corporate Social Responsibility. Philip Dalsou Permanent Secretary Ministry of the Public Service & HRD The Role of the Public Sector In Corporate Social Responsibility Philip Dalsou Permanent Secretary Ministry of the Public Service & HRD Outline of Presentation Definitions Different Perspectives on Corporate

More information

Solvency II implementation - beyond compliance

Solvency II implementation - beyond compliance KEYNOTE SPEECH Gabriel Bernardino Chairman of the European Insurance and Occupational Pensions Authority (EIOPA) Solvency II implementation - beyond compliance IVASS Conference 2016 The Launch of Solvency

More information

Oil & natural gas industry positions on potential energy Issues in TTIP

Oil & natural gas industry positions on potential energy Issues in TTIP Oil & natural gas industry positions on potential energy Issues in TTIP January 2015 Introduction The American Petroleum Institute (API) and the International Oil and Gas Producers Association (IOGP) have

More information

The European Agenda for CSR. Beatriz Berruga Garcia CSR Europe

The European Agenda for CSR. Beatriz Berruga Garcia CSR Europe The European Agenda for CSR Beatriz Berruga Garcia CSR Europe CSR Europe Corporate Members CSR Europe National Partner Network CSR Europe A Platform For... Connecting companies to share and further develop

More information

How weak social auditing is keeping workers in sweatshops

How weak social auditing is keeping workers in sweatshops Looking for a quick fix How weak social auditing is keeping workers in sweatshops Clean Clothes Campaign, Nov 2005 Chapter 1: Introduction/summary Introduction Social audits to check working conditions

More information

Building Public Trust: Ethics Measures in OECD Countries

Building Public Trust: Ethics Measures in OECD Countries Building Public Trust: Ethics Measures in OECD Countries Annex 1998 Recommendation of the OECD Council on Improving Ethical Conduct in the Public Service, 36 Including Principles for Managing Ethics in

More information

SOCIAL RESPONSIBILITY OF BUSINESS IN ALBANIA

SOCIAL RESPONSIBILITY OF BUSINESS IN ALBANIA SOCIAL RESPONSIBILITY OF BUSINESS IN ALBANIA Aurora Pulti (Kinka), PhD candidate Blerta Dragusha (Spahia), PhD University Luigj Gurakuqi, Shkoder, Albania Abstract: Business Social Responsibility through

More information

Liberalism, Free Trade and Other Values

Liberalism, Free Trade and Other Values European Commission Speech [Check against delivery] Liberalism, Free Trade and Other Values New York, 24 September 2015 Cecilia Malmström, Commissioner for Trade Isaiah Berlin Lecture, Liberal International

More information

FORCED LABOUR WHY IT IS AN ISSUE FOR EMPLOYERS

FORCED LABOUR WHY IT IS AN ISSUE FOR EMPLOYERS FORCED LABOUR WHY IT IS AN ISSUE FOR EMPLOYERS INTERNATIONAL ORGANISATION OF EMPLOYERS SEPTEMBER 2010 INTRODUCTION Although forced labour is universally condemned and banned and many believe that it is

More information

NATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) SUBMISSION TO THE ECONOMIC REGULATION AUTHORITY

NATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) SUBMISSION TO THE ECONOMIC REGULATION AUTHORITY NATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) SUBMISSION TO THE ECONOMIC REGULATION AUTHORITY INQUIRY INTO WESTERN AUSTRALIA S HOME INDEMNITY INSURANCE ARRANGEMENTS ABOUT NIBA 16 August 2012

More information

Papua New Guinea Church Partnership Program. A Case Study of Sustained Investment in Church Development Capacity

Papua New Guinea Church Partnership Program. A Case Study of Sustained Investment in Church Development Capacity Papua New Guinea Church Partnership Program A Case Study of Sustained Investment in Church Development Capacity Prepared by ADRA Australia 1. Papua New Guinea Church Partnership Program (PNG CPP) a. Purpose

More information

DG ENLARGEMENT SECTOR BUDGET SUPPORT GUIDELINES

DG ENLARGEMENT SECTOR BUDGET SUPPORT GUIDELINES Ref. Ares(2014)571140-04/03/2014 DG ENLARGEMENT SECTOR BUDGET SUPPORT GUIDELINES EXECUTIVE SUMMARY January 2014 TABLE OF CONTENTS Introduction 1. RATIONALE FOR BUDGET SUPPORT 1.1 What is Budget Support?

More information

2. Local governments and service delivery

2. Local governments and service delivery 2. Local governments and service delivery Poverty takes many forms, and demands a corresponding breadth of responses. Making services accessible to the poor is integral to the effort to achieve the MDGs.

More information

Value Chain Project Design Tool

Value Chain Project Design Tool Value Chain Project Design Tool Step 1 ANALYZE OPPORTUNITIES & CONSTRAINTS Step 2 DEVELOP A STRATEGY Step 3 PRIORITIZE ACTIVITIES Step 4 DESIGN PROJECT With material drawn from the Value Chain Strategy

More information

Maastricht Communiqué. on the Future Priorities of Enhanced European Cooperation in Vocational Education and Training (VET)

Maastricht Communiqué. on the Future Priorities of Enhanced European Cooperation in Vocational Education and Training (VET) Maastricht Communiqué on the Future Priorities of Enhanced European Cooperation in Vocational Education and Training (VET) 14 December 2004 Maastricht Communiqué on the Future Priorities of Enhanced European

More information

European Code for Export Compliance

European Code for Export Compliance European Code for Export Compliance EU-CEC European Institute For Export Compliance EU-ECF EU Export Compliance Framework: EU Export Compliance Charter The European Code for Export Compliance EU-CEC 1.

More information

COMMISSION STAFF WORKING DOCUMENT SUMMARY OF THE IMPACT ASSESSMENT. Accompanying the document

COMMISSION STAFF WORKING DOCUMENT SUMMARY OF THE IMPACT ASSESSMENT. Accompanying the document EUROPEAN COMMISSION Brussels, 7.3.2012 SWD(2012) 23 final COMMISSION STAFF WORKING DOCUMENT SUMMARY OF THE IMPACT ASSESSMENT Accompanying the document Proposal for a Regulation of the European Parliament

More information

Sustainability in Global Supply Chains Information and Guidance for Companies

Sustainability in Global Supply Chains Information and Guidance for Companies Sustainability in Global Supply Chains Information and Guidance for Companies econsense Discussion Paper Publisher/Editor: econsense Forum for Sustainable Development of German Business Oberwallstraße

More information

IBA Business and Human Rights Guidance for Bar Associations. Adopted by the IBA Council on 8 October 2015

IBA Business and Human Rights Guidance for Bar Associations. Adopted by the IBA Council on 8 October 2015 IBA Business and Human Rights Guidance for Bar Associations Adopted by the IBA Council on 8 October 2015 With Commentaries 2015 IBA Business and Human Rights Guidance for Bar Associations With Commentaries

More information

Some Thoughts on British Hungarian Relations, 2014

Some Thoughts on British Hungarian Relations, 2014 Some Thoughts on British Hungarian Relations, 2014 2014 is a year of milestone anniversaries for Europe. One hundred years since the outbreak of the First World War. Seventy years since D-Day and, the

More information

IMPLICATIONS OF OVERLAPPING MEMBERSHIP ON THE EXPECTED GAINS FROM ACCELERATED PROGRAM FOR ECONOMIC INTEGRATION (APEI)

IMPLICATIONS OF OVERLAPPING MEMBERSHIP ON THE EXPECTED GAINS FROM ACCELERATED PROGRAM FOR ECONOMIC INTEGRATION (APEI) IMPLICATIONS OF OVERLAPPING MEMBERSHIP ON THE EXPECTED GAINS FROM ACCELERATED PROGRAM FOR ECONOMIC INTEGRATION (APEI) ABSTRACT In September 2012, five like-minded and reform oriented countries namely Malawi,

More information

RESPONSE TO FIRST PHASE SOCIAL PARTNER CONSULTATION REVIEWING THE WORKING TIME DIRECTIVE

RESPONSE TO FIRST PHASE SOCIAL PARTNER CONSULTATION REVIEWING THE WORKING TIME DIRECTIVE 4 June 2010 RESPONSE TO FIRST PHASE SOCIAL PARTNER CONSULTATION REVIEWING THE WORKING TIME DIRECTIVE Introduction 1. The European Commission on 24 March launched the first phase consultation of European

More information

THE COSTS AND BENEFITS OF DIVERSITY

THE COSTS AND BENEFITS OF DIVERSITY Fundamental rights & anti-discrimination THE COSTS AND BENEFITS OF DIVERSITY European Commission Emplo 2 THE COSTS AND BENEFITS OF DIVERSITY A Study on Methods and Indicators to Measure the Cost-Effectiveness

More information

EXECUTIVE SUMMARY. EU Multi Stakeholder Forum on Corporate Social Responsibility 3-4 February, 2015 Brussels, Belgium

EXECUTIVE SUMMARY. EU Multi Stakeholder Forum on Corporate Social Responsibility 3-4 February, 2015 Brussels, Belgium EXECUTIVE SUMMARY EU Multi Stakeholder Forum on Corporate Social Responsibility 3-4 February, 2015 Brussels, Belgium The Multi Stakeholder Forum on Corporate Social Responsibility (CSR) was held in Brussels

More information

3 rd Africa Europe Youth Leaders Summit People, Prosperity and Peace. Summit Paper

3 rd Africa Europe Youth Leaders Summit People, Prosperity and Peace. Summit Paper 3 rd Africa Europe Youth Leaders Summit People, Prosperity and Peace 31 March to 1 April 2014 Summit Paper Introduction In 2014 half of the world s population are under 25 years old. In order to give young

More information

JAMAL EL-HINDI DEPUTY DIRECTOR FINANCIAL CRIMES ENFORCEMENT NETWORK

JAMAL EL-HINDI DEPUTY DIRECTOR FINANCIAL CRIMES ENFORCEMENT NETWORK JAMAL EL-HINDI DEPUTY DIRECTOR FINANCIAL CRIMES ENFORCEMENT NETWORK REMARKS AT THE PARLIAMENTARY INTELLIGENCE SECURITY FORUM JUNE 20, 2016 VIENNA, AUSTRIA Good morning. I would like to thank Congressman

More information

Signposts of Democracy (adapted from Signposts of Democracy, Streetlaw, Inc.

Signposts of Democracy (adapted from Signposts of Democracy, Streetlaw, Inc. Signposts of Democracy (adapted from Signposts of Democracy, Streetlaw, Inc. http://www.streetlaw.org/democlesson.html) Introduction: Freedom House, an international organization that monitors political

More information

HUGO. - Hague Utilities for Global Organisations -

HUGO. - Hague Utilities for Global Organisations - HUGO - Hague Utilities for Global Organisations - Comments on the report of the Special Representative of the Secretary General on the issue of human rights and transnational corporations and other business

More information

Policy Brief. Public e-procurement at the local level in Albania. Challenges in the fight against corruption. Mona Xhexhaj

Policy Brief. Public e-procurement at the local level in Albania. Challenges in the fight against corruption. Mona Xhexhaj Policy Brief Public e-procurement at the local level in Albania Challenges in the fight against corruption Mona Xhexhaj This policy brief has been prepared in the frame of the TRAIN Programme 2014 (Think

More information

Lex Mercatoria as Substantive Law in International Commercial Mediation

Lex Mercatoria as Substantive Law in International Commercial Mediation Lex Mercatoria as Substantive Law in International Commercial Mediation Prof. Dr. Filali OSMAN* SUMMARY The mediation intends to encourage amicable dispute resolution in international contracts. We know

More information

On the occasion of the Service Exporter Network Annual Meeting and Conference. 12 15 November 2008, Johannesburg

On the occasion of the Service Exporter Network Annual Meeting and Conference. 12 15 November 2008, Johannesburg On the occasion of the Service Exporter Network Annual Meeting and Conference 12 15 November 2008, Johannesburg By Dr. Rob Davies, Deputy Minister of Trade & Industry Programme Director, Honoured Guest,

More information

Module 4 Information Exchange, International Cooperation and Assistance

Module 4 Information Exchange, International Cooperation and Assistance ATT Implementation Toolkit Module 4 Information exchange, International cooperation Arms Trade Treaty Implementation Toolkit Module 4 Information Exchange, International Cooperation and Assistance Available

More information

Cluster policies. Target and purpose

Cluster policies. Target and purpose OECD Innovation Policy Platform /policyplatform Cluster policies Policies to support clusters, generally understood to be geographic concentrations of inter-connected firms and related actors (specialised

More information

Submission No 27. Inquiry into Slavery, Slavery-like conditions and People Trafficking. Joint Standing Committee on Foreign Affairs, Defence and Trade

Submission No 27. Inquiry into Slavery, Slavery-like conditions and People Trafficking. Joint Standing Committee on Foreign Affairs, Defence and Trade Submission No 27 Inquiry into Slavery, Slavery-like conditions and People Trafficking Organisation: World Vision Joint Standing Committee on Foreign Affairs, Defence and Trade SUBMISSION TO THE HOUSE OF

More information

Bulgarian Innovation Policy: Options for the Next Decade

Bulgarian Innovation Policy: Options for the Next Decade Bulgarian Innovation Policy: Options for the Next Decade The political changes in the EU the entry into force of the Treaty of Lisbon, the new composition of EU institutions, as well as the development

More information

SUMMARY OF THE FORUM Vietnam: Readiness for WTO Accession Hanoi, June 3-4, 2003 and Ho Chi Minh City, June 6-7, 2003

SUMMARY OF THE FORUM Vietnam: Readiness for WTO Accession Hanoi, June 3-4, 2003 and Ho Chi Minh City, June 6-7, 2003 SUMMARY OF THE FORUM Vietnam: Readiness for WTO Accession Hanoi, June 3-4, 2003 and Ho Chi Minh City, June 6-7, 2003 Forum as the most comprehensive event on WTO accession to date. The international forum

More information

Programa Nacional de Reformas de España 2016 EXECUTIVE SUMMARY

Programa Nacional de Reformas de España 2016 EXECUTIVE SUMMARY EXECUTIVE SUMMARY Over the last four years, the Spanish Government has put in place an ambitious reform agenda that has transformed the Spanish economy. This agenda has been built over three pillars: fiscal

More information

29 October 2015 Conference of the Independent Data Protection Authorities of the Federation and the Federal States

29 October 2015 Conference of the Independent Data Protection Authorities of the Federation and the Federal States 29 October 2015 Conference of the Independent Data Protection Authorities of the Federation and the Federal States Key data protection points for the trilogue on the data protection directive in the field

More information

Issues Regarding a Trade Policy

Issues Regarding a Trade Policy Issues Regarding a Trade Policy Strategy t for Liberiai Ramesh Chaitoo Team Leader TradeCom WTO Accession Project Enabling Environments Ltd rnmsts@yahoo.ca 1 Trade Policy Strategy 1. Given Liberia s small

More information

ICC guide to responsible sourcing

ICC guide to responsible sourcing ICC Commission on Business in Society ICC guide to responsible sourcing Integrating social and environmental considerations into the supply chain 1 Copyright 2008 International Chamber of Commerce Designed

More information

Forest Law Enforcement Governance and Trade (FLEGT) Voluntary Partnership Agreements (VPAs) or How to do effective consultation for national policies?

Forest Law Enforcement Governance and Trade (FLEGT) Voluntary Partnership Agreements (VPAs) or How to do effective consultation for national policies? Forest Law Enforcement Governance and Trade (FLEGT) Voluntary Partnership Agreements (VPAs) or How to do effective consultation for national policies? Kerstin Canby Forest Trends May 2013 Which Which FLEGT

More information

Body Language! - Language Learning Integrated in Learning Games for Migrant Students in the Health Care Educations-

Body Language! - Language Learning Integrated in Learning Games for Migrant Students in the Health Care Educations- Body Language! - Language Learning Integrated in Learning Games for Migrant Students in the Health Care Educations- Jan Gejel E-mail jan.gejel@skolekom.dk Aarhus Social and Health Care College (Denmark)

More information

First Dimension: Political, Social, Economic and Cultural Environment

First Dimension: Political, Social, Economic and Cultural Environment Different factors affect the performance of these collaboration projects. These factors are related either to the project's macro, meso or micro environments, to the partners involved, to the collaboration

More information

Ethical Trading Initiative Management Benchmarks

Ethical Trading Initiative Management Benchmarks Ethical Trading Initiative Management Benchmarks The Management Benchmarks are the means by which ETI (a) sets out its expectations of members and (b) measures members progress in applying the ETI Base

More information

Overview of GFSI and Accredited Certification

Overview of GFSI and Accredited Certification Overview of GFSI and Accredited Certification Overview of GFSI and Accredited Certification Introduction Global food trade is expanding and providing consumers with access to a wider variety of foods all

More information

Developing a Policy Commitment and Embedding Respect for Human Rights

Developing a Policy Commitment and Embedding Respect for Human Rights Developing a Policy Commitment and Embedding Respect for Human Rights What do the UN Guiding Principles Expect? A policy commitment is a statement approved at the highest levels of the business that shows

More information

Summary. Introduction

Summary. Introduction Summary Summary Introduction Several theories explain the engagement of nations in international trade; the most frequently cited being the theory of comparative advantage. However, this theory, although

More information

Second Meeting of States on Strengthening Compliance with International Humanitarian Law, Geneva, 17-18 June 2013. Chairs' Conclusions

Second Meeting of States on Strengthening Compliance with International Humanitarian Law, Geneva, 17-18 June 2013. Chairs' Conclusions Second Meeting of States on Strengthening Compliance with International Humanitarian Law, Geneva, 17-18 June 2013 Context Chairs' Conclusions In its Resolution 1, the 31 st International Conference of

More information

ADDRESSING INFORMATION GAPS ON PRICES OF MINERAL PRODUCTS

ADDRESSING INFORMATION GAPS ON PRICES OF MINERAL PRODUCTS ADDRESSING INFORMATION GAPS ON PRICES OF MINERAL PRODUCTS METHODOLOGY FOR IMPROVING KNOWLEDGE OF MINING INDUSTRY TRANSFORMATION CHAINS AND IDENTIFYING MINERAL PRODUCTS OECD Tax and Development Programme

More information

Statement of the German Confederation of Trade Unions

Statement of the German Confederation of Trade Unions German Confederation of Trade Unions Federal Executive Board Statement of the German Confederation of Trade Unions on a proposal by the EU Commission for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND COUNCIL

More information

Summary of Submissions Received on the Consultation on Strengthening Statutory Payment Oversight Powers and the Reserve Bank s Responses

Summary of Submissions Received on the Consultation on Strengthening Statutory Payment Oversight Powers and the Reserve Bank s Responses Summary of Submissions Received on the Consultation on Strengthening Statutory Payment Oversight Powers and the Reserve Bank s Responses October 2013 2 SECTION ONE: INTRODUCTION 1. In March 2013, the Reserve

More information

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS EUROPEAN COMMISSION Brussels, 25.10.2011 COM(2011) 681 final COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE

More information

The State of Sustainable Business 2015. Annual Results September 2015

The State of Sustainable Business 2015. Annual Results September 2015 The State of Sustainable Business 2015 Annual Results September 2015 Contents About the Research 3 Sample and Methodology 5 Key Findings 7 Tracking Corporate Sustainability Priorities 8 Views on the State

More information

GUIDELINES for the recognition of refugees qualifications

GUIDELINES for the recognition of refugees qualifications GUIDELINES for the recognition of refugees qualifications Introduction by Mr. Erwin Malfroy, NARIC-Flanders The report of the Danish Refugee Council Assessment and Recognition of Refugees Qualifications

More information

Mr Roger Marshall Acting President EFRAG Board European Financial Reporting Advisory Group (EFRAG) 35 Square de Meeüs 1000 Brussels Belgium

Mr Roger Marshall Acting President EFRAG Board European Financial Reporting Advisory Group (EFRAG) 35 Square de Meeüs 1000 Brussels Belgium * esma European Securities and Markel:s Authority *** The Chair 19 November2015 ESMA/2015/1739 Mr Roger Marshall Acting President EFRAG Board European Financial Reporting Advisory Group (EFRAG) 35 Square

More information

Extending the EU Policy on Strengthening the Functioning of Supply Chains to ACP-EU Trade Relations and Beyond: The Case of the Dairy Sector

Extending the EU Policy on Strengthening the Functioning of Supply Chains to ACP-EU Trade Relations and Beyond: The Case of the Dairy Sector Extending the EU Policy on Strengthening the Functioning of Supply Chains to ACP-EU Trade Relations and Beyond: The Case of the Dairy Sector Policy Coherence and the CAP Series May 2012 1. The evolution

More information

Statement on G7 Topic Trade and Supply Chain Standards

Statement on G7 Topic Trade and Supply Chain Standards Statement on G7 Topic Trade and Supply Chain Standards Together, the G7 states produce 32 per cent of the global gross domestic product. A large number of companies located in the G7 countries are active

More information

Business Climate and Good Governance

Business Climate and Good Governance Business Climate and Good Governance Abstract Msc Besmira Manaj European Delegation, Albania This paper consists of three factors, namely: Good Governance, Business Climate and Corruption. How they affect

More information

HIGH LEVEL SWEDISH BUSINESS DELEGATION TO INDONESIA & VIETNAM

HIGH LEVEL SWEDISH BUSINESS DELEGATION TO INDONESIA & VIETNAM INVITATION HIGH LEVEL SWEDISH BUSINESS DELEGATION TO INDONESIA & VIETNAM Welcome to participate in the Business Delegation to Indonesia and Vietnam on October 2-6 2016, headed by Ann Linde, Minister for

More information

Child Labour: Is International Activism the Solution or the Problem?

Child Labour: Is International Activism the Solution or the Problem? Child Labour: Is International Activism the Solution or the Problem? Matthias Doepke Northwestern University, CEPR, and NBER Fabrizio Zilibotti University of Zurich and CEPR Through actions like product

More information

The problem of cloud data governance

The problem of cloud data governance The problem of cloud data governance Vasilis Tountopoulos, Athens Technology Center S.A. (ATC) CSP EU Forum 2014 - Thursday, 22 nd May, 2014 Focus on data protection in the cloud Why data governance in

More information

Ministry of Trade and Industry Republic of Trinidad and Tobago SMALL STATES IN TRANSITION FROM VULNERABILITY TO COMPETITIVENESS ST LUCIA

Ministry of Trade and Industry Republic of Trinidad and Tobago SMALL STATES IN TRANSITION FROM VULNERABILITY TO COMPETITIVENESS ST LUCIA Ministry of Trade and Industry Republic of Trinidad and Tobago Commonwealth Secretariat SMALL STATES IN TRANSITION FROM VULNERABILITY TO COMPETITIVENESS ST LUCIA STRATEGIC APPROACH TO TOURISM AS AN EXPORT

More information

National Standards for Disability Services. DSS 1504.02.15 Version 0.1. December 2013

National Standards for Disability Services. DSS 1504.02.15 Version 0.1. December 2013 National Standards for Disability Services DSS 1504.02.15 Version 0.1. December 2013 National Standards for Disability Services Copyright statement All material is provided under a Creative Commons Attribution-NonCommercial-

More information

The Vermont Legislative Research Shop. Using Captive Insurance Model for Socially Responsible Corporations

The Vermont Legislative Research Shop. Using Captive Insurance Model for Socially Responsible Corporations The Vermont Legislative Research Shop Using Captive Insurance Model for Socially Responsible Corporations This report examines the captive insurance industry in Vermont and how it might be used as a model

More information