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A Preliminary Analysis of the Impact of UN MDGs and RIO + 20 on Corporate Social Accountability Practices

Sustainability After Rio

ISBN: 978-1-78560-445-4, eISBN: 978-1-78560-444-7

Publication date: 14 December 2015

Abstract

This chapter explores the impact of UN Millennium Development Goals (MDGs) and Rio + 20 in improving Corporate Social Responsibility (CSR) practices. While MDGs and Rio + 20 have suggested additive guidelines for improving CSR practices, they do not provide a strong legislative mandate. We find both MDGs and Rio + 20 have had limited cumulative effect on CSR practices and discourses within the corporate reports. UN bodies should bring a new policy and regulatory framework that addresses limitations in the principles espoused in the MDGs and Rio + 20. An independent monitoring system (a social compliance audit mechanism) can be mandated in an attempt to make incremental substantive change.

Keywords

Citation

Jain, A. and Islam, M.A. (2015), "A Preliminary Analysis of the Impact of UN MDGs and RIO + 20 on Corporate Social Accountability Practices", Sustainability After Rio (Developments in Corporate Governance and Responsibility, Vol. 8), Emerald Group Publishing Limited, Leeds, pp. 81-102. https://doi.org/10.1108/S2043-052320150000008004

Publisher

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Emerald Group Publishing Limited

Copyright © 2015 Emerald Group Publishing Limited