Connect with us

Economics

OECD-ESCAP Conference in Bangkok “Why Responsible Business Conduct Matters”

Avatar

Published

on

The OECD and ESCAP are pleased to announce the OECD-ESCAP Conference “Why Responsible Business Conduct Matters”, which will be held on 2 (afternoon)-3 November 2009 at the United Nations Conference Centre in Bangkok.

Loading...

This event is being organized as part of the First ESCAP Asia-Pacific Trade and Investment Week and will aim to promote responsible business conduct on the part of OECD and Asia-Pacific enterprises.

With the growing interest for CSR, Asian-Pacific firms are turning to leading international instruments for guidance and support on responsible business conduct issues. The OECD Guidelines, in particular, are the most comprehensive government-endorsed corporate responsibility instrument in existence today, endowed with a unique mediation facility to help resolve investment disputes. Their recommendations apply wherever OECD-based firms and those of 11 non–OECD countries operate in the world.

oecdThe conference will bring together key players in the field from OECD, ESCAP, ILO, UNGC and GRI to share experiences of good practices and reinforce international cooperation. The discussion will give special attention to climate change, finance and the forthcoming Update of the Guidelines to be launched in 2010. Two case studies (Thailand and Vietnam) will be presented.

Abstract

Because the concept of responsible business conduct (RBC)1 or corporate social responsibility (CSR) is deeply rooted in cultural, social and economic factors, and has emerged in the Asian political realm more recently than in the Western Hemisphere, it has not developed the same way in these two parts of the world.

What appears increasingly clear, however, is that the Asian RBC/CSR landscape is evolving fast. Various Asian initiatives, at governmental and private, national, regional and multilateral levels have started to develop to guide regional economic actors become more responsible corporate citizens.

These initiatives are no longer driven by philanthropy, but are increasingly motivated by self-interest as the “business case” of RBC/CSR becomes stronger.

In a complex RBC/CSR universe, in which Asia is becoming an increasingly important player, calls have recently been made in the UN, G8 and G20 contexts in favour of global standards and processes on the conduct of international business and finance. Corporations have also been encouraged to use government-endorsed corporate responsibility instruments such as the ILO Conventions, the OECD Guidelines for Multinational Enterprises (OECD Guidelines) and the UN Global Compact (UNGC) to bring greater coherence, legitimacy and effectiveness to their individual RBC/CSR actions.

The Global Reporting Initiative (GRI) has also been cited by governments as a supporting tool for communicating such measures to the public and measuring their contribution to sustainable development. These mechanisms are truly complementary and their synergies can be further developed.

Contact :

Joëlle Brohier

Focal Point for the OECD-ESCAP Conference “Why Responsible Business Conduct Matters”

http://www.oecd.org/document/31/0,3343,en_2649_33765_43391135_1_1_1_1,00.html

CSR Consultant – Anakout

[email protected]

[email protected]

Comments

Economics

Thai fruit exports to FTA markets up 107 percent

China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom.

Loading...
(more…)

Continue Reading

Economics

The Future of Asia: greener but with a public and private debt hangover

The COVID-19 pandemic has been a perfect storm, destroying jobs, worsening poverty and inequality, and creating a public and private debt problem—especially for countries and firms already in fragile financial health beforehand

Avatar

Published

on

The Sydney Opera resumed live performances and the city of Melbourne recently hosted the Australian Open tennis tournament with fans (mostly) in attendance.

Loading...
(more…)

Continue Reading

Economics

50:50 campaign may not get immediate extension

National News Bureau of Thailand

Published

on

logomain

Loading...

BANGKOK (NNT) – The government’s 50:50 co-pay campaign expiring on 31st March may not be getting an immediate campaign extension. The Minister of Finance says campaign evaluation is needed to improve future campaigns.

The Minister of Finance Arkhom Termpittayapaisith today announced the government may not be able to reach a conclusion on the extension of the 50:50 co-pay campaign in time for the current 31st March campaign end date, as evaluations are needed to better improve the campaign.

Originally introduced last year, the 50:50 campaign is a financial aid campaign for people impacted by the COVID-19 pandemic, in which the government subsidizes up to half the price of purchases at participating stores, with a daily cap on the subsidy amount of 150 baht, and a 3,500 baht per person subsidy limit over the entire campaign.

The campaign has already been extended once, with the current end date set for 31st March.

The Finance Minister said that payout campaigns for the general public are still valid in this period, allowing time for the 50:50 campaign to be assessed, and to address reports of fraud at some participating stores.

The Fiscal Police Office Director General and the Ministry of Finance Spokesperson Kulaya Tantitemit, said today that a bigger quota could be offered in Phase 3 of the 50:50 campaign beyond the 15 million people enrolled in the first two phases, while existing participants will need to confirm their identity if they want to participate in Phase 3, without the need to fill out the registration form.

Mrs Kulaya said the campaign will still be funded by emergency loan credit allocated for pandemic compensation, which still has about 200 billion baht available as of today.

Source link

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,980 other subscribers

Latest

Trending