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Article

12 Apr 2007

Author:
Sarah Altschuller & Daniel Feldman, Foley Hoag [USA]

United States: The Bottom Line - Corporate Social Responsibility Works, And Progressives Shouldn’t Abandon It

[A] successful company...must...take into account issues related to the activities of suppliers and business partners; national and local governments; international financial institutions; multilateral organizations; the media; educational institutions; and a wide spectrum of advocacy and nongovernmental organizations (NGOs) including human rights, environmental, consumer, labor, and religious groups. Thus, [corporate social responsibility] is here to stay... [It] provides companies with an invaluable tool to manage the risks of the globalized marketplace, in part by meeting the concerns of these stakeholders. [refers to lawsuit regarding Burma against Unocal (now part of Chevron); also refers to Talisman, Wal-Mart]

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