Saturday, August 25, 2007

Blair and corporate responsibility – A balanced scorecard?


Tony Blair’s legacy on corporate responsibility is mixed

As in so many things, the Blair government began with high hopes for corporate responsibility. The appointment of a dedicated minister seemed not just to place the issues firmly at the centre of the political agenda, but also to raise the profile of responsible business more widely.

In the subsequent decade, there is no doubt that the UK government has been involved in some of the most cutting-edge initiatives. The Kimberley Process, the Extractive Industries Transparency Initiative (EITI) and the Ethical Trading Initiative, while all subject to criticism, have been successful in promoting change on key aspects of the responsible business agenda.

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