2. Sustainable development, business and social responsibility

The adjective "social" is sometimes replaced by the adjective "societal" to make it clear that the focus is not just on labor relations, but on broader social issues such as relations with local residents, consumerism, inequalities, etc. In this article, we use the adjective "social" in a broad sense, to include all social issues from the outset, without restricting ourselves to labor relations.

As key players in the economy, companies were soon called upon to participate in efforts to achieve sustainable development. At the Davos Summit in 1999, United Nations (UN) Secretary-General Kofi Annan formally invited companies to respect and promote major international commitments on the environment and human rights, in particular by signing up to the Global Compact (Box 6). The Compact invites companies to contribute to the UN's...

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Sustainable development, business and social responsibility