Table of Contents

International Documents on Corporate Responsibility

International Documents on Corporate Responsibility

Edited by Stephen Tully

International Documents on Corporate Responsibility includes the principal international, regional and national instruments drafted by intergovernmental organisations or states as well as codes of conduct formulated by industry associations, trade unions and non-governmental organisations. The coverage includes the fields of human rights, international criminal and environmental law, labour standards, international trade, armed conflict, sustainable development, corruption, consumer protection and corporate governance. Each document is accompanied by a brief explanatory commentary outlining the historical origins of the instrument, the principal actors involved, controversial negotiation issues, applicable implementation procedure, and identifies further reference material.

Chapter 76: Commission on Sustainable Development: Decision 6/2 on Industry and Sustainable Development, 1998

Edited by Stephen Tully

Subjects: law - academic, company and insolvency law, corporate law and governance


Commentary: The UN Commission on Sustainable Development (CSD) ensures the overall implementation of Agenda 21: UNGA Res 47/191 (1992) & However, public participation in implementation is also a prerequisite for sustainable development. The nine major constituency groups from civil society recognised by Agenda 21 and entitled to participate within CSD deliberations are women, children, indigenous people, NGOs, local authorities, trade unions, business and industry, the scientific and technological community and farmers. The extracts below (see further, CSD (1998), ‘Report on the Sixth Session’) highlight the roles and responsibilities envisaged for business and industry for economic and social development as well as environmental protection. Part C of the Annex (paragraphs 17–40; recommendations for governments) and Part E (paragraphs 51–66; recommendations for the international community) are omitted. Future work envisaged for the CSD includes establishing industry dialogues, reviewing the effectiveness of PVIs and encouraging financial sector contributions: Decision, paragraphs 17–19. It also involves enhanced voluntary reporting: see Annex, paragraphs 67–69. See further CSD, ‘Report of the Sixth Session concerning the Relationship between Industry and Sustainable Development’, UN Doc E/CN.17/1998/4; CSD (1998), ‘Report of the InterSessional Ad Hoc Working Group on Industry and Sustainable Development’, New York. On the concept of responsible entrepreneurship, see UNCSD (1998), ‘ICC/WBCSD Submission on Responsible Entrepreneurship’, Background Paper No 1, Sixth Session. A. Industry and Economic Development 6. The Commission recognized that industry plays a critical role in technological innovations and research and development activities, which are crucial for the economic and social development...

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