If sustainable development is to become a reality, then transnational corporations must take their environmental responsibilities seriously. In the industrialised countries, some positive steps have been taken. The rhetoric of corporate environmental responsibility is also extending to developing countries, but very little is known about the extent of concrete changes there in the environmental performance of big business. This book explores what is happening in the developing world. Three principal questions are focused upon: * To what extent is the greening of business a reality in the South? * If large corporations are pursuing their business interests in an environmentally responsible manner, does this contribute significantly to sustainable development? * What combination of measures is likely to work in scaling up and deepening environmental good practice by companies in developing countries? The original research contained in this volume spans a number of major sectors - manufacturing, oil extraction, logging, and bioprospecting. Particular attention is paid to the experience of Brazil, Costa Rica, Malaysia, Mexico, Singapore and South Africa. Corporate self-regulation, environmental reporting and voluntary codes of conduct are examined. In addition, there are detailed studies of the complementary approaches that are necessary, including the regulatory measures and incentives which governments can put in place, and the increasingly well publicised role which citizens' movements and NGOs are playing in holding business to account for its environmental impact. This pioneering set of studies not only provides a rich seam of hard data on the environmental record of big business in the South, but even more importantly, it examines the strengths and weaknesses of a wide range of environmental policies and contexts, including the frequently contradictory pressures of the market place and public campaigns which impact on corporations in this critically important arena.
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Peter Utting is international coordinator of the Center for Social Economy (Centro para la Economía Social or CES), based in Nicaragua, and a senior research associate of the United Nations Research Institute for Social Development (UNRISD). Until August 2014 he was the deputy director of UNRISD, where he coordinated international research projects on social and solidarity economy and corporate social responsibility. He was instrumental in establishing the United Nations Inter-Agency Task Force on Social and Solidarity Economy in 2013. Recent publications include Business Regulation and Non-State Actors: Whose Standards? Whose Development? (co-edited with Darryl Reed and Ananya Mukherjee-Reed, 2012), The Global Crisis and Transformative Social Change (co-edited with Shahra Razavi and Rebecca Varghese Buchholz, 2012) and Corporate Social Responsibility and Regulatory Governance (co-edited with José Carlos Marques, 2010).
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