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Corporate social responsibility

Business plays a key role in society, not least in offering jobs, but also in providing innovative solutions to major societal and environmental challenges, such as sustainable transport, eco-efficient products, promoting a healthy lifestyle or diversity at the workplace, often working together with stakeholders.

The broad ownership and development of CSR amongst European companies continues to flourish. Many companies are progressively integrating CSR into their company strategies, not because they are forced to do so, but because they believe in the benefits of doing so, whether it be to address the challenges they face, to manage risks, as a business opportunity or to give them a competitive edge.

The EU approach to CSR must be based on the fact that it is business-driven. The key challenge for EU CSR policy is ensuring that it promotes further voluntary uptake and development of CSR by companies, whilst allowing them the flexibility to continue to shape their own CSR approach according to their specific circumstances and the needs of their stakeholders.

Facts and figures

The number of EU enterprises that have signed up to the ten CSR principles of the United Nations Global Compact has risen from 600 in 2006 to over 1900 in 2011. (Source: EU CSR Strategy 2011-2014) BusinessEurope believes that there needs to be greater acknowledgement that CSR will be driven not by regulatory intervention, but by companies, due to a growing belief of the benefits of CSR – both direct and indirect - for business performance, competitiveness, and responding to stakeholder expectations. A solid business-friendly approach is needed in the EU debate on CSR. The European Commission should partner with the business community to realise that approach.

Publications

Position papers Date
Joint business response to the Zero Draft legally binding instrument to regulate, in international human rights law, the activities of transnational corporations and other business enterprises ("Zero Draft Treaty") 18/10/2018
Review of EU CSR strategy 2011-2014 - BusinessEurope's response to the public consultation 09/09/2014
Disclosure of non-financial information - Joint statement by BusinessEurope, CEEP, EUROCHAMBRES and UEAPME 13/12/2013
Disclosure of non-financial information 09/07/2013
Reports and studies Date
A guide on CSR and human rights - what does it mean for companies in supply chains? 12/10/2015
Public letters Date
Disclosure of non-financial information - Letter from Markus J. Beyrer to members of the European Parliament Legal Affairs Committee ahead of their vote on 17 December 2013, with voting recommendations 03/12/2013
Country-by-country reporting - Letter from BusinessEurope, the European Issuers and the European Association of Corporate Treasurers to members of the European Parliament Legal Affairs Committee 06/11/2013
Draft report by MEP Raffaele Baldassarre on corporate social responsibility - Letter from Markus J. Beyrer to members and substitutes of the European Parliament JURI Committee 07/01/2013
Draft report by MEP Richard Howitt on corporate social responsibility (CSR) - Letter from Markus J. Beyrer to members and substitutes of the European Parliament EMPL Committee 07/01/2013
Speeches Date
"Is Europe at a turning point for corporate reporting? The voice of Stakeholders", CSR Europe Workshop, 28 May 2013 - Speaking notes for Maxime Cerutti, BusinessEurope's Director of Social Affairs 28/05/2013
Commission’s initiative on principles for better self- and co-regulation - Speaking notes for Maxime Cerutti, BusinessEurope Social Affairs Director, Conference on Fostering Corporate Responsibility through Self- and Co-Regulation, 23 April 2013 23/04/2013
Press releases Date
Corporate Social Responsibility must remain business-driven 16/04/2013

Contact

Rebekah Smith

Deputy Director
Tel:
+32 2 237 65 16
Last updated: 5 July 2016