Social Impact
Current U.S. CSR Situation: CSR is not required by U.S. statute or regulations but is treated as obligatory by most corporations due to customer demands & internal norms.
Of Note: 85% of companies on the S&P report on their ESG\Social Responsibility performance.
International Trends: The UN released the “UN Guiding Principles on Business & Human Rights”creating a transnational tort liability for corporations to 3rd parties. Companies should have “litigation ready” CSR programs.
Forbes | Can Corporate Social Responsibility be Legally Enforced?
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