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The Economist, 2008 The social responsibility of business is to increase its profits. Milton...

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Page 1: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.
Page 2: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.

The Economist,

2008

The social responsibility of business is to increase its

profits.

Milton Friedman

Corporate social responsibility, once a do-gooding sideshow,

is now seen as mainstream. But as yet too few companies are

doing it well.

Page 3: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.

Why a White paper on CSR?Increase engagement and knowledge

Formulate expectations towards Norwegian companies

Clarify roles and responsibilities

Highlight challenges and dilemmas in developing countries

Page 4: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.

What is CSR?Integrating social and environmental concerns in business operationsVoluntary – beyond laws and regulationsHuman rights, decent work, environment and anti-corruption

Page 5: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.

Norwegian companies – among leading CSR actors in their sectors, but still face challenges

0

25%

100%

75%

50%

Survey of N

orwegian

Com

panies 2007 (S

ynova

te)

Of CEOs asked to mention CSR guidelines, tools and standards,78% do not know any…

Other companies need to get started

Page 6: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.

Letter to the embassies and consulates generalGet relevant information on the conditions in the country – a template is being developedInformation and meetingsDifferent roles in different countries

Page 7: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.

The role of the Foreign ServiceFocal point in Ministry of Foreign AffairsMeeting places – KOMPAKTInformation and advice

Photo: Gisle Nomme

Page 8: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.

Corruption – a challenge

Page 9: The Economist, 2008 The social responsibility of business is to increase its profits. Milton Friedman Corporate social responsibility, once a do-gooding.

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