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Role of the Public Sector in Promoting Corporate Social Responsibility March 10, 2005 Tallinn

Role of the Public Sector in Promoting Corporate Social Responsibility March 10, 2005 Tallinn. Piotr Mazurkiewicz DevComm – SDO; World Bank. Role of the Public Sector in Promoting CSR. Why an engaged public policy covering CSR? What would a public policy entail?

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Role of the Public Sector in Promoting Corporate Social Responsibility March 10, 2005 Tallinn

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  1. Role of the Public Sector in Promoting Corporate Social Responsibility March 10, 2005 Tallinn Piotr Mazurkiewicz DevComm – SDO; World Bank

  2. Role of the Public Sector in Promoting CSR • Why an engaged public policy covering CSR? • What would a public policy entail? • How would it be institutionally maintained? • How would policy be designed and managed?

  3. Main obstacles in adopting CSR practices

  4. How would you rate the following in helping companies meet social responsibilities .....Government

  5. Do you think that current government policies encourage companies to invest in CSR?

  6. Why an engaged public policy covering CSR? • Current situation = passive policy stance; • Option for future = engaged policy • business pressure • public pressure • pressure from inside the government

  7. What would a public policy entail? • Objectives and indicators of Achievement; • Scope of Coverage; • Instruments of public policy; • Targeting to reach identified goals.

  8. What would a public policy entail? - Objectives and indicators of Achievement OBJECTIVES management systems assurance standards The number of companies practicing CSR Effectiveness and impact of CSR activities performancereporting

  9. What would a public policy entail? – Scope of Coverage • What are the areas in which CSR actions would have the • maximum effect of serving the public interest? • What type of policy instrument would be the best means for • promoting such actions? • 3. Where the policy should be targeted? management systems (e.g.ISO) performance reporting (GRI)

  10. What would a public policy entail? – Scope of Coverage – Areas of benefit 1. Economic 2. Environmental 3. Social 4. Governance-related management systems (e.g.ISO) performance reporting (GRI)

  11. Instruments of Public Policy Mandating ‘Command and control’ legislation Regulation and inspection Legal and fiscal penalties and rewards Facilitating ‘Enabling’ legislation Creating incentives Capacity building Funding support Raising awareness Stimulating markets Partnering Combining public and private resources Stakeholder engagement Dialogue Endorsing Political support Publicity and praise What would a public policy entail? – Instruments of Public Policy

  12. What would a public policy entail? – Targeting to reach identified goals • Nationally • Sectoral/Regionally • By Class of Firm • To a Specific Firm

  13. How would it be institutionally maintained? • Leadership Perspective • Organizational Options • Sustainability

  14. How would policy be designed and managed? • Identifying the most promising areas to be covered; • Eliciting the level of ownership, commitment, and volunteerism.

  15. Thank You! pmazurkiewicz@worldbank.org - www.

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