Sustainable Contracts — A Legal Innovation Aimed at Serving the Common Good?

Yann Queinnec

Chapter 2 in Social Responsibility, Entrepreneurship and the Common Good, 2012, pp 32-52 from Palgrave Macmillan

Abstract: Abstract The efforts of many economic actors to improve their social and environmental performance are clear for all to see. Their commitment to sustainable development is expressed varyingly through codes of conduct, communications campaigns, subscriptions to international principles such as the OECD guidelines (Queinnec, 2007a), the Global Compact, or the adoption of joint sector commitments. These commitments are accompanied by operational measures such as: raising awareness among staff and supply chain actors; implementing internal and external audit procedures; performance criteria; monitoring and reporting tools; partnerships with local stakeholders; and calling upon nonfinancial ratings agencies. Nevertheless, this profusion of initiatives demonstrating transnational companies’ (TNCs) awareness of their social responsibility is taking place without any legal security. Where such initiatives fall under a company’s international activity, it must cope with the complexity of relations with its foreign subsidiaries and supply chain actors (Queinnec, 2007b). Moreover, even for those firms most committed to sustainable development strategies, the scope of involvement expected from the parent company of a transnational group continues to be questioned.

Keywords: Corporate Social Responsibility; Parent Company; Foreign Subsidiary; Sustainable Contract; Sustainable Development Strategy (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-35489-0_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230354890

DOI: 10.1057/9780230354890_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().