Brussels to side with business on CSR by Hugh Willamson
The European Commission plans to side with business in largely excluding trade unions and non-governmental groups from a new European corporate social responsibility initiative, according to Commission documents obtained by the Financial Times.
Officials confirmed the European Union’s executive body would launch a pro-business “European alliance for CSR” on March 22 in Brussels. Chief executives from several of the companies already involved in the initiative plan to join the launch ceremony.
The decision represents a defeat for trade unions and NGOs that have lobbied the Commission for years to introduce regulations and voluntary benchmarks on corporate accountability.
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