The ethical pact of companies with their environment

Corporate Social Responsibility is born from an idea that, at first, may seem shocking: economic profit should not be the only objective of companies. It is not, however, a new idea. Since the 19th century, debates on the role of companies and their wealth in society have dealt with issues such as their collaboration in improving their environment, profit sharing or ethical dilemmas in companies whose activities could cause harm. : alcohol, tobacco, etc. However, it was not until the 50s and 60s of the 20th century when the term Corporate Social Responsibility (CSR) began to be developed and used as such.

What is Corporate Social Responsibility

CSR can be defined as the active and voluntary contribution to social, economic and environmental improvement by companies. This includes all those initiatives in which a company embarks and through which it contributes to the improvement of the environment that surrounds it; whether they are shares of the company’s activity or not.

Its nature can be very diverse. It can help in the social field, supporting charitable causes, installing policies for hiring disadvantaged groups, making equal access for women to all jobs a reality, etc. They can also positively affect the economic development of a place, promoting economic revitalization actions, providing funds or making their workforce available for development plans, among other initiatives.

The ecological section is especially important. Companies that manage to include care for the environment in their decision factors achieve very positive effects. When a company’s processes make this ‘green’ mentality a reality, the daily development of its activity is a source of care for the planet.

CSR allows companies to increase the added value that, as organizations, they provide to their stakeholders. Customers, suppliers, employees, public administration… All of them are increasingly aware of the importance of working with organizations that help improve their environment, with which a link is established with their values and behavior, and they are increasingly demanding in this sense.

The growing importance of the concept of Corporate Social Responsibility has led to numerous international organizations joining the promotion of these ethical values associated with business operations. This is, for example, the case of the United Nations, under whose shelter the “10 Principles of the Global Compact” were born and which was announced in 1999 by its Secretary General, Koffi Annan.

The 10 Principles of the Global Compact are a series of lines of work that derive from United Nations declarations on human rights, labor, the environment and anti-corruption and that enjoy universal consensus. They do not represent a mandatory body of legislation, but rather a guide to encourage the contribution of companies to the societies in which they operate. Promoting ethical behavior in their actions.

It is to these principles that Transgesa is attached as part of our Corporate Social Responsibility.

The 10 Principles of the Global Compact

Human rights
Principle 1

“Businesses must support and respect the protection of internationally recognized fundamental human rights within their sphere of influence”

Human rights
Principle 2

“Companies must ensure that their companies are not complicit in the violation of Human Rights”

Labor Standards
Principle 3

“Companies must support freedom of association and the effective recognition of the right to collective bargaining”

Labor Standards
Principle 4

“Businesses must support the elimination of all forms of forced or coerced labor”

Labor Standards
Principle 5

“Companies should support the eradication of child labor”

Labor Standards
Principle 6

“Businesses must support the abolition of discriminatory practices in employment and occupation”

Principle 7

“Companies must maintain a preventive approach that favors the environment”

Principle 8

“Companies should encourage initiatives that promote greater environmental responsibility

Principle 9

“Businesses should encourage the development and diffusion of environmentally friendly technologies”

Principle 10

“Businesses must work against corruption in all its forms, including extortion and bribery”

Related Posts

Khaterine William

Back to top