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CSR Frameworks - Coggle Diagram
CSR Frameworks
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UN Global Compact
Launched in 2000 with the aim of encouraging companies to align their strategies and operations with 10 principles covering human rights, labour, the environment and anti-corruption
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Labour
Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining
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Anti corruption
Businesses should work against corruption in all its forms, including extortion and bribery
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The SIGMA Project
Its purpose was to develop a set of guidelines to provide clear, practical advice to organisations to enable them to make a meaningful contribution to sustainable development
Consist of
A set of guiding principles that help organisations to understand sustainability and their contribution to it. Five capitals similar to those used in the integrated reporting framework make up the guiding principles - natural, human, social, manufactured, finacial
A management framework that integrates sustainability issues into ore processes and mainstream decision making. It is structured into phases and sub-phases. The framework includes the efficient use of natural resources, protection of the environment and the protection of employee and citizen rights
The Equator Principles
A risk management framework adopted by financial institutions for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision making
Greatly increased the attention and focus on social/community standards and responsiblity including robust standards for indigenous people, labour standards and consultation with locally affected communities within the Project Finance market. They have also promoted convergence around common environmental and social standards