Brief analysis of the international legal framework of corporate social responsibility

• Main Author: Charlotte Ene
• Format: Article
• Language: English
• Published: Bucharest University of Economic Studies 2018-12-01
• Series: Juridical Tribune
• Subjects: international law; corporate social responsibility (CSR); transparency; nonfinancial disclosures; sustainability
• Online Access: http://www.tribunajuridica.eu/arhiva/An8v3/7.%20Charlotte%20ENE.pdf

This paper focuses on the main international legal documents providing guidance recommendations and principles on corporate social responsibility (CSR), considered it as a sustainability tool. A special attention is paid to the provisions of European Union regarding corporate disclosure of non-financial information and transparency. The nonfinancial information report has to include consultation rights, health and safety environment, social dialogue, fulfilment of the obligation of non-discrimination etc. Despite the fact that it is not necessary a comprehensive report on CSR matters, the outcome would consist in demonstration that the disclosure of information on policies, outcomes and risks will enable companies and their stakeholders to develop a very good strategy of corporate governance policy.