Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics

Andreas Rasche, Sandra Waddock

    Research output: Contribution to journalJournal articleResearchpeer-review

    Abstract

    This article takes the critique by Sethi and Schepers (J Bus Ethics, , in this thematic symposium) as a starting point for discussing the United Nations (UNs) Global Compact. While acknowledging the relevance of some of their arguments, we emphasize that a number of their claims remain arguable and are partly misleading. We start by discussing the limits of their proposed framework to classify voluntary initiatives for corporate sustainability and responsibility. Next, we show how a greater appreciation of the historical and political context of the UN Global Compact puts several of their claims into perspective. Finally, we demonstrate that the alleged promise-performance gap rests on a selected and one-sided reading of the initiative. We close by pointing to some challenges that the initiative needs to address in the future.
    This article takes the critique by Sethi and Schepers (J Bus Ethics, , in this thematic symposium) as a starting point for discussing the United Nations (UNs) Global Compact. While acknowledging the relevance of some of their arguments, we emphasize that a number of their claims remain arguable and are partly misleading. We start by discussing the limits of their proposed framework to classify voluntary initiatives for corporate sustainability and responsibility. Next, we show how a greater appreciation of the historical and political context of the UN Global Compact puts several of their claims into perspective. Finally, we demonstrate that the alleged promise-performance gap rests on a selected and one-sided reading of the initiative. We close by pointing to some challenges that the initiative needs to address in the future.
    LanguageEnglish
    JournalJournal of Business Ethics
    Volume122
    Issue number2
    Pages209-216
    ISSN0167-4544
    DOIs
    StatePublished - Jun 2014

    Keywords

      Cite this

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      abstract = "This article takes the critique by Sethi and Schepers (J Bus Ethics, , in this thematic symposium) as a starting point for discussing the United Nations (UNs) Global Compact. While acknowledging the relevance of some of their arguments, we emphasize that a number of their claims remain arguable and are partly misleading. We start by discussing the limits of their proposed framework to classify voluntary initiatives for corporate sustainability and responsibility. Next, we show how a greater appreciation of the historical and political context of the UN Global Compact puts several of their claims into perspective. Finally, we demonstrate that the alleged promise-performance gap rests on a selected and one-sided reading of the initiative. We close by pointing to some challenges that the initiative needs to address in the future.",
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      Global Sustainability Governance and the UN Global Compact : A Rejoinder to Critics. / Rasche, Andreas; Waddock, Sandra.

      In: Journal of Business Ethics, Vol. 122, No. 2, 06.2014, p. 209-216.

      Research output: Contribution to journalJournal articleResearchpeer-review

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      KW - Business regulation

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      KW - Public-private partnerships

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