How Does Your Company Measure Up?
After 10 years of intensive international work, the Globalizing the Principles Network released "Principles for Global Corporate Responsibility: Bench Marks for Measuring Business Performance," the work of a diverse global coalition of religious organizations and advocacy groups. "The Global Bench Marks will help us concentrate on key issues with our global partners," said Barbara Hayes of the U.K.-based Ecumenical Council on Corporate Responsibility. The top benchmarks include:
- A new relationship between corporations, communities, and ecosystems
- Sustainable systems of production and equitable systems for distribution
- Participation of community stakeholders in the decision-making processes of companies
- Preservation and protection of the environment for present and future generations
- Respect for the dignity of every person and for workers' right to organize
- Strong codes of conduct and independent monitoring for corporations and suppliers
- Development of a human rights policy based on the Universal Declaration of Human Rights
- Commitment to the principle that every worker has the right of access to health care,
including AIDS treatment
Source: "Principles for Global Corporate Responsibility: Bench Marks for Measuring Business Performance" at www.bench-marks.org.