Principles for Global Corporate Responsibilityis a document produced by the Interfaith Center on Corporate Responsibility, a North American association of 275 Protestant, Roman Catholic and Jewish institutional investors. It presents a set of global standards for corporate responsibility to encourage dialogue and changes in company policies and practices. The document is available to groups working on corporate responsibility and to companies seeking to respond to the challenges of doing business in a global economy.
Faith communities measure the global economy not only by what it produces, but also by its impact on the environment, how it touches human life and whether it protects the dignity of the human person. Principles for Global Corporate Responsibility calls for:
- A new relationship between corporations and communities;
- Payment of sustainable living wages and support of sustainable community development;
- Respect for the dignity of every person and for the workers’ right to organize and bargain collectively;
- Strong codes of conduct for corporations and suppliers independently monitored by local non-governmental organizations;
- Corporate governance policies that balance the sometimes competing interests of managers, employees, shareholders and communities; and
- Protection of the environment.
A copy of the complete Principles for Global Corporate Responsibility is available from the Interfaith Center on Corporate Responsibility, 475 Riverside Drive, Rm. 550, New York, NY 10115; phone: 212-870-2928; fax: 212-870-2023, e-mail: info@iccr.org