A preliminary analysis of the impact of un MDGs and Rio+20 on corporate social accountability practices

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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.

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Jain, A., & Islam, M. A. (2015). A preliminary analysis of the impact of un MDGs and Rio+20 on corporate social accountability practices. Developments in Corporate Governance and Responsibility, 8, 81–102. https://doi.org/10.1108/S2043-052320150000008004

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