Search results
Results from the WOW.Com Content Network
The Guidelines are legally non-binding, but the OECD Investment Committee and its Working Party on Responsible Business Conduct encourage implementation among adherents. The most concrete manifestation of government commitment to the principles set forth in the Guidelines are the National Contact Points (NCPs), which are offices charged with ...
It is a governing system of rules, structures and institutions that guide, control, and lead supply chains, through policies and regulations, with the goal of creating greater efficiency. [1] Governing systems are put into place by different actors, such as international organizations and individual firms, within the global supply chain. [ 2 ]
The Ethical Supply Chain Program, is the ethical manufacturing program for the manufacturing industry. [3] The Ethical Supply Chain Program (ESCP) is the most widespread labor and social standard, applicable to all manufacturing industries. The program is based on the ICTI Code of Business Practices. It is estimated that 70% of global toy sales ...
The Ethical Trading Initiative (ETI) is a UK-based independent body founded on 9 June 1998, [1] which brings together companies, trade unions and non-governmental organisations (NGOs) to ensure compliance with international labour standards in the global supply chains of member companies. [2]
The law additionally gives civil society organisations the ability to sue companies on behalf of workers over breaches of human rights in supply chains. Companies that fail to respect the terms of the law can face fines of up to two percent of the company's annual revenues.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
The national framework on Business Responsibility is essentially a set of nine principles that offer businesses an Indian understanding and approach to inculcating responsible business conduct. “Responsible Business” conduct refers to the commitment of businesses to operating in an economically, socially and environmentally sustainable ...
Governmental and non-governmental organizations play a key role in the field as they create and enforce laws or regulations which companies must abide by. [3] These regulatory policies often regulate social issues that pertain to the implementation and operation of a global supply chain (e.g. labour, environmental, etc.). These regulatory ...