"A responsible business activity contributes to good public policy and to human rights in the communities in which it operates." Explain the responsibilities of business provided in the Caux Round Table's (CRT) Stakehold
CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · December 2020
"A responsible business activity contributes to good public policy and to human rights in the communities in which it operates." Explain the responsibilities of business provided in the Caux Round Table's (CRT) Stakeholder Management Guidelines.
Answer & Explanation:
According to the Caux Round Tables (CRT) Principles for Responsible Businesses as a global corporate citizen a responsible business activity contributes to good public policy and to human rights in the communities in which it operates: In this context it is envisaged that a responsible business has a responsibility to: Respect human rights and democratic institutions, and promote them wherever practicable. Recognize government's legitimate obligation to society at large and support public policies and practices that promote social capital. Promote harmonious relations between business and other segments of society. Collaborate with community initiatives seeking to raise standards of health, education, workplace safety and economic well-being. Promote sustainable development in order to preserve and enhance the physical environment while conserving the earth's resources. Support peace, security and the rule of law. Respect social diversity including local cultures and minority communities. Be a good corporate citizen through ongoing community investment and support for employee participation in community and civic affairs.
Topics: Ethics and CSR
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