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[PDF] Conference “Protect, Respect, Remedy - a Conference on Corporate Social Responsibility, CSR”
...[The] language and meaning of CSR need to be as objective and universal as possible... CSR needs certain guidelines as much as any other arena of business activity. Many European companies are actively calling for a more level playing field and greater certainty about society’s expectations of them. The ‘social licence to operate’ is a real concept, affecting a business’ ability to perform from the perspective of institutional investors as well as the local communities on the ground.