What drives indigenous corporations in the developing world to engage in CSR as a management strategy? Case study of the sugarcane and ethanol industry in the Cauca Valley, Colombia
Today, firms are essential to the development and protection of Human Rights, and are expected to act as necessary partners to governments and international organizations in their promotion and respect. Nevertheless, corporations are not legally compelled to act under guidelines of the United Nations (UN) HR framework. This in turn, alongside globalization, has created a governance gap in enabling a permissive environment for wrongful acts by companies without proper sanctioning or reparation.The main objectives of the Business and HR predicament lie in tackling these deficiencies in the global order. Although CSR policies are supposedly adopted in a voluntary manner, the reality is private businesses are in the centre of a “System of CSR Promotion and Advocacy”, determined by a number of drivers, pressures and incentives, shaped by diverse sources and actors.Hence, the business case for CSR differs between developed countries and emerging economies. The drivers of CSR engagement are one of the key elements that differentiate emerging economies from the developing world. Given that literature on business and HR has focused mostly on finding ways to strengthen regulatory schemes in the developed world, this research aims to shed light on why indigenous third world country corporations uptake CSR policies in a voluntary manner.
Fuente:
Biblioteca Virtual Banco de la República
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