Doing Business Better - CORE's manifestoTuesday, September 16th, 2014
Recommendations for Political Leadership on Corporate Accountability and Sustainability
The UK has taken some significant steps to address irresponsible corporate behaviour and to meet the growing expectations of ethical business standards from consumers and investors. In 2013 the UK put corporate transparency on the G8’s agenda and became the first country to release a National Action Plan to implement the UN Guiding Principles on Business and Human Rights. Political will is needed now to translate policy commitments into practical changes.
There is no shortage of opportunities to make a difference. CORE’s manifesto, Doing Business Better, lays out its expectations from government.
Summary of Recommendations
- Effective International and Regional Frameworks – The UK Government should use its influence internationally to make more progress on corporate tax avoidance and to put human rights at the centre of investment treaties.
- Policy coherence on responsible business – Citizens and Businesses are looking for clarity from government on what’s expected from companies. Genuine policy coherence will reinforce responsible business practices.
- Safer Supply Chains – Greater transparency in the supply chains of large companies will raise standards and give consumers and investors the assurances that they are looking for on social and environmental issues.
- Access to Justice for Victims of Corporate Abuse – Despite numerous allegations of UK corporate misconduct in developing countries, it remains extremely difficult for communities to hold multinationals to account. Action must be taken in the UK to address this.
The run-up to the 2015 General Election is the time for political parties to join the conversation.