What are the international standards on corporate social responsibility?

International standards on corporate social responsibility are a set of guidelines that companies must adhere to in order to promote social and environmental responsibility. They aim to help reduce negative impacts from business operations and encourage businesses to take positive steps in their activities. Generally, these standards recognize the need for companies to take responsibility for their actions and be transparent about their operations. At the international level, the United Nations Global Compact has developed a set of 10 principles that outline obligations for corporations in order to promote corporate social responsibility. These principles cover areas such as human rights, labor standards, environmental responsibility, and anti-corruption. For example, companies are expected to uphold human rights, including freedom of association, by allowing employees to join trade unions. Additionally, companies must adhere to international labor standards and ensure that their employees are not subjected to exploitative conditions. The Global Compact also encourages companies to take action to reduce environmental impact, such as reducing carbon dioxide emissions, reducing reliance on non-renewable resources, and taking steps to ensure responsible use of water. Additionally, businesses are expected to fight corruption and bribery, as well as advocate for transparency and ethical practices between business partners. Ultimately, international standards on corporate social responsibility help to encourage businesses to be mindful of their social and environmental impact, as well as promote ethical practices and transparency. These standards are regularly reviewed and updated in order to make sure that companies are adhering to the latest standards of corporate social responsibility.

What are the international standards on corporate social responsibility?

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