Explain any three voluntary codes in csr
Answers
When social standard is not maintained, the International Labor Organization (ILO) cannot impose sanctions. For this reason, voluntary code of conduct and quality labels plays a vital role in implementing core labor standards worldwide. "Codes of conduct," the primary instrument through which CSR is carried out.
Company Codes: Company codes are accepted voluntarily by companies. This code is associated with company’s head office operations as in “Shell's Revised Statement of General Business Principles”.
Trade Association Codes: Trade Association Codes are associated with firms based in developing countries, as in the case of the “Manufacturers and Exporters Association Code”.
Multi-stakeholder Codes: Stakeholders of firms or industries, NGOs and trade unions negotiate with each other and the result is Multi-stakeholder Codes. These codes also pull the interest of government. Some of the codes are Worldwide Responsible Apparel Production Principles (WRAP), Accountability 1000.